BERDYANSK, Ukraine (Reuters) – When the Island Bay cargo ship arrived from Beirut at the Kerch Strait, gateway to the Azov Sea, it sailed into a perfect storm of geopolitics and bad weather. Cranes and ships are seen in the Azov Sea port of Berdyansk, Ukraine November 30, 2018. Picture taken November 30, 2018. REUTERS/Gleb ... Read More
Opinion: Ukrainians want a democratic, reliable, and economically strong country. With Canada’s help, we will continue efforts to deliver it for our mutual benefit Ukraine is a trusted friend and partner for Canada. Our relationship spans more than a century of shared family, cultural and political connections. The next step in our ongoing journey together ... Read More
U.S.-based General Electric (GE) signed another contract with Ukrainian energy giant DTEK on Oct. 17 to supply 26 more wind turbines to Prymorska wind farm, doubling its generating capacity to 200 megawatts. The new turbines will be erected on the shores of the Azov Sea in the same area of Zaporizhia Oblast, some 700 kilometers ... Read More
By Bermet Talant. Published Sept. 17. Russia’s new pipeline to Europe, Nord Stream 2, will cost Ukraine $3 billion in lost transit fees for piping Russian gas across its territory, a Ukrainian official reckons. But the project harms not only Ukrainian economy – it threatens European security too, Andriy Kobolyov, CEO of Ukrainian state oil ... Read More
By Toma Istomina. Published Sept. 12 It looks like flat-pack furniture giant IKEA has finally decided to put together a business in Ukraine. The Swedish retailer confirmed on Sept. 12 that it will enter Ukraine’s market, opening a store in Kyiv in 2019. The official announcement from the company came minutes after Ukrainian President Petro ... Read More
By Natalia Datskevych. Published Sept. 6. Norwegian company NBT AS has signed a multimillion-euro contract with Power Construction Corporation of China Limited, or POWERCHINA, to build a large 250-megawatt wind power plant in Kherson Oblast. The 292-million-euro EPC (Engineering, Procurement & Construction) contract is part of the Norwegian company’s total investment of 370 million euros in the ... Read More
By Ilya Timtchenko. Published July 23. French car manufacturer Renault is considering manufacturing cars in Ukraine. Renault told the Kyiv Post on July 23 that it is currently evaluating the Ukrainian market. “Renault confirms that it is studying various projects with potential local manufacturing partners that has to do with the localization of assembling specific ... Read More
By Josh Kovensky. Published July 13 at 2:26 pm The deadline is Aug. 1. That’s the end date of the biggest fight on Ukraine’s gas market right now, which pits the state-owned Naftogaz and its subsidiary UkrTransGaz against gas oligarch Dmytro Firtash, currently trapped in Vienna as he fights off extradition to the United States ... Read More
By Ilya Timtchenko. Published July 13. Updated July 13 at 7:14 pm Top investors and business associations have called on the Ukrainian government and parliament to make a deal with the International Monetary Fund in order to unlock a long-delayed $1.9 billion tranche of aid money for the country. If Ukraine does not receive further ... Read More
On the surface, Ukraine doesn’t look much like a country with a world-beating currency. An international bailout has been frozen for more than a year, its finance minister was fired last week and a Kremlin-backed war continues to simmer in its eastern climes. But almost halfway through 2018, the hryvnia is the No. 1 performer ... Read More
