EU approves EUR 1 billion loan. The Council of the EU has approved EUR 1 billion of macro-financial assistance to meet the country’s financial needs and support structural reforms. The European Commission, in consultation with the Council of the EU, will now prepare a Memorandum on the provision of assistance. The Memorandum will require ratification by the Ukraine’s parliament.
Warning of new Russian cyber-attack. Ukraine's cyber police chief Serhiy Demedyuk has told Reuters that hackers from Russia are infecting Ukrainian companies with malware to create so-called 'back doors' for a large coordinated attack, and that it could be imminent. "Analysis of the malicious software that has already been identified and the targeting of attacks on Ukraine suggest that this is all being done for a specific day," he said, on 28 June — Constitution Day — or on Independence Day, 24 August. In June 2017 Ukraine was hit by a massive strike known as "NotPetya", which knocked out Ukrainian IT systems before spreading around the world, UNIAN reports.
Lifecell launches 4.5G in 1800 MHz band. On 1 July the lifecell mobile communications operator is launching a high-speed mobile Internet using 4.5G technology (LTE Advanced Pro) in the 1800 MHz band in 232 cities and towns of Ukraine, the company announced. It plans by the end of the year to cover 15 million of the country’s population with this service in 17 regions. Lifecell has invested USD 45 million in the launch of 4.5G, and by the end of the year, plans to invest another USD 40 million. Synchronously with the launch, in collaboration with General Mobile, the company will bring two new smartphones to the market. General Mobile commented that it is pleased to be entering the Ukrainian market exclusively with Lifecell, Interfax-Ukraine reports.
France's Bouygues planning concession road construction in Ukraine. The state road agency and the French construction company Bouygues Travaux Publics SAS have signed a memorandum on the preparation of a preliminary feasibility study of the concession of the new Kyiv - Bila Tserkva highway and the first stage of the Ring Road in Kyiv linking the M-06 Kyiv - Chop to the M-05 Kyiv – Odesa roads, the Office of the National Investment Council reports. The project documentation for the first two stages of the Kyiv Ring Road is 90% completed and should be ready by the end of the year. The total length of the new road will be nearly 200 km, which will run through Vorzel, Hlevakha, Ukrayinka, Boryspil, and Stari Petrivtsi, UNAIN reports.
Denmark allocates EUR 72 million for Ukrainian projects. Denmark is donating 530 million Danish kroner (EUR 72 million) to support good governance and human rights and sustainable economic growth in Ukraine over the next five years,” the EU Observer reported on the eve of the Ukraine Reform Conference to be held on 27 June in Copenhagen.
Groysman discussing cooperation with Danish hosts. The prime minister is on the first visit by the head of the Ukrainian government to Denmark and has met with the country’s King, prime minister and business representatives. In 2017 the value of exports to Denmark exceeded USD 263 million and there are good prospects for deepening bilateral cooperation. During Q1 2018, turnover in goods and services between the two countries amounted to USD 136.9 million. More than 150 Danish companies are already operating in Ukraine, the majority in Western Ukraine. The key areas of cooperation are agriculture, IT and light industry. The main Ukrainian exports are textiles, furniture, agricultural products, telecommunication and information services. The key imports are machine-building products, pharmaceuticals and food products. Groysman commended the contribution of Danish experts in the implementation of the EU Anticorruption Initiative in Ukraine and in support for the activities of the Secretariat of the Ukrainian Parliament Commissioner for Human Rights. Cooperation on energy cooperation issues was also discussed.
Unemployment falls in Q1 2018. At the end of Q1 2018 the unemployment level was 9.7% compared to 9.9% in the previous quarter, the government portal reports. “So, in absolute terms the number of employed population in Ukraine, aged 15 to 70 years was 16 million people, the unemployed, 1.7 million people”, it elaborated. The level of unemployment among women was 9.1%, as was the level of unemployment among urban residents.
Ukraine now 14th place in world steelmakers' rating in May. Although Ukrainian steelmakers boosted steel output by 2.9% in May 2018, y-o-y, to 1.695 million tonnes, the country slid from 13th to 14th place in the rating of the World Steel Association covering 64 countries, UNIAN reports. China remained in first place, with 81.127 million tonnes of steel, followed by Japan, India, the United States, Russia, South Korea, Germany, Turkey, and Brazil. The 64 countries included in the WSA rating increased steel production by 6.6% in May 2018 y-o-y, to 154.856 million tonnes.
Government urged to address deficiencies in freight transportation capacity. Representatives of large associations of industrial and agro-industrial enterprises of Ukraine have requested the prime minister to address the shortage of gondola cars and rolling stock. “Rail transport provides for about 60% of the total volume of cargo transportation in Ukraine. To ensure efficient operation of enterprises of the leading sectors of the economy of our state, it is the freight transportation by rail that is critical…. enterprises are already experiencing an acute shortage of gondola cars.” This shortage restricts the development of the metallurgical, chemical, cement and agrarian sectors,” the associations said.
Ryanair add one more flight from Ukraine to Poland.Irish low-cost airline Ryanair will launch one more flight from Kyiv to Poland, Infrastructure Minister Volodymyr Omelian announced. It will add flights from Kyiv (Boryspil) to Bydgoszcz from 31 October 2018, with the ticket price from EUR 22, Ukrinform reports.