Ukraine

Business

Journal

16:27 PM Thursday, April 19, 2018
UBJ.am
UBJ AM July 24, 2017
Gov’t lists 833 companies for privatization, including Boryspil and Lviv Airports; sea cargo up; train tickets can now be bought with iPhones
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

• Ukraine’s Ministry of Economic Development and Trade has listed 893 out of 3,444 state-owned enterprises as candidates for privatization through 2020.

• Kyiv’s Borispol International Airport and Lviv’s Danylo Halytskyi International Airport are two of the state-owned enterprises slated for privatization between 2017 and 2020, according to the list published by the Economic Development Ministry.

• Ukrainian seaports have handled over 66 million tons of cargo this year, a 5 percent increase from the same period in 2016, according to the Port Authority.

• State-owned Ukrzaliznytsa, Ukraine's railroad, has launched a mobile app for Apple’s IOS which allows travelers to buy tickets through smartphones. This launch follows the introduction of a similar app earlier this year for Android users.

• Philip Morris International cut cigarette shipments to Ukraine by 11% in Q2 of 2017 to 5.3 billion cigarettes. The company has a factory in the Kharkiv region. Cigarette sales are declining, partly because of health campaigns and partly because of a 60 percent tax hike imposed last year.

• Ukrainian coal output increased by 8.7% from May to June of this year. The average amount of coal produced for the first six months of 2017 was 9.4% less than during the same period in 2016, however.

• A shipment of coal from South Africa arrived in Odessa Sunday morning, the second ever shipment of its kind. A third such shipment is reportedly on its way. Coal is imported to compensate for end of coal purchases from the secessionist territories, imposed in March.

• Ukraine’s position in the ranking of the world’s largest steel producers has fallen from 13th to 14th after being beaten in volume of tons of steel produced by Mexico.

• About $40 million worth of business contracts were signed Friday at the Ukrainian-Belarussian business forum in Kyiv. This forum was attended by over 300 Ukrainian and 90 Belarusian companies.

• Belarusian businessman Viktor Prokopenya will buy the Belarusian owned bank Paritebank for $50 million. With this bank, he intends to purchase the Ukraine subsidiary of Russia’s Sberbank.

• President Petro Poroshenko and Georgian Prime Minister Giorgi Kvirikashvili called for boosting bilateral trade to $1 billion in speeches last week at the Georgia-Ukraine Business Forum. Over 120 Georgian and 34 Ukrainian companies participated in the forum in Batumi.


For comments or story tips, please email UBJ AM News Reporter Mark Satter at marksatter@theubj.com

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