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UBJ AM June 26, 2017
$150 million for new rail cars; new discount airline for Kyiv; pharmacy sales up 18 percent
image/svg+xml Kyiv Lutsk Rivne Zhytomyr Lviv Ternopil Khmelnytskyi Uzhgorod Chernivtsi Vinnytsia Chernigiv Sumy Kharkiv Poltava Cherkasy Kirovohrad Lugansk Dnipropetrovsk Donetsk Zaporizhzhia Mykolaiv Odesa Kherson Simferopol Sevastopol Ivano- Frankivsk

• Ukrainian state railways has won $150 million in financing from the European Bank for Reconstruction and Development (EBRD) to buy new freight cars, Interfax reports. The total cost of the cars is estimated at $260 million.

• Azerbaijani low-cost airline Buta Airways plans to strate direct flights between Kiev and and Baku this fall, with an introductory one way fare of 29 euros. Buta Airlines joins Eurowings, Ryanair, and Wizz Air in the Ukrainian market.

• Oil production in Ukraine dropped 5.4% to 654,000 tons between January and May, the State Statistics Service reports.

• Ukraine and Belarus are mulling a joint $30 million investment to revitalize shipping on the upper Dnipro River, reports UkrAgroConsult. Belarus would invest $5 million. Ukraine would put up the remaining $25 million.

• A government sponsored land registry system is to launch this October that would digitize auctions for leases of state land. The system aims to increase competition, bolster regional economies, and reduce corruption.

• Pharmacy sales of prescription drugs and over the counter medicines have increased by 18% in the first five months of this year compared to last year’s figures. Ukraine saw $1 billion in pharmacy sales since January, according to Interfax.

• Slow, steady growth is expected in Ukraine’s consumer appliance market this year, OpenPR reports. The prediction is based on Ukraine’s economic recovery and very little industry growth in 2016.

• The State Road Agency, Ukravtodor, will launch an intelligent transport system for road safety next year in partnership with the European Investment Bank. The project is described as an integrated system for collecting data on traffic intensity, and speed, Ukrinform reports.

• Prime Minister Volodymyr Groysman promise that Ukrainian roads will be upgraded to “proper condition” by 2024. Speaking before Parliament, Groysman blamed bad roads on decades of “systemic under-financing and abuses of power.”

• Strong storms last weekend left 188 populated areas across six regions without electricity, the State Emergency Service reports.

For comments or story tips, please email UBJ AM News Editor Mark Satter at

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