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Archive For: Ukraine’s Economy

Caught in Russia-Ukraine storm: a cargo ship and tonnes of grain

Caught in Russia-Ukraine storm: a cargo ship and tonnes of grain

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
 
Ukraine’s agriculture exports can pass record-breaking $18 billion in 2018

Ukraine’s agriculture exports can pass record-breaking $18 billion in 2018

Experts are predicting that Ukrainian agriculture exports could reach or exceed a record-breaking $18 billion by the end of 2018, thanks in large part to growing demand from Asia, especially India. According to official data, 2012 holds the current record for Ukrainian agricultural exports with $17.9 billion in international sales. From January through to October ... Read More
 
Ukraine and Canada’s extraordinary business relationship is just getting started

Ukraine and Canada’s extraordinary business relationship is just getting started

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
 
Ukraine outlook bolstered by renewed IMF cooperation, EBRD says

Ukraine outlook bolstered by renewed IMF cooperation, EBRD says

New agreement would help to address financing needs and maintain macroeconomic stability The Ukrainian economy has continued to pull out of sharp recession and the outlook has been bolstered by the prospect of renewed cooperation with the International Monetary Fund (IMF), the European Bank for Reconstruction and Development (EBRD) said. In its latest Regional Economic ... Read More
 
Can corporate governance reform at Ukrainian state-owned companies attract international energy investment?

Can corporate governance reform at Ukrainian state-owned companies attract international energy investment?

Improving corporate governance in Ukraine would send a strong signal to international investors that the country’s energy sector is an attractive prospect Investments in energy production and sustainable energy supply infrastructure are powerful drivers of economic growth and quality of life improvements. However, this does not come cheaply. Increases in oil and gas exploration and ... Read More
 
General Electric signs second contract with DTEK for wind turbines

General Electric signs second contract with DTEK for wind turbines

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
 
YES 2018: Ukraine, once again, warns EU of Nord Stream 2 threat to security

YES 2018: Ukraine, once again, warns EU of Nord Stream 2 threat to security

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
 
Survey: Corruption, distrust of courts making foreign firms wary of investing in Ukraine

Survey: Corruption, distrust of courts making foreign firms wary of investing in Ukraine

By Toma Istomina. Published Sept. 12 Corruption and fears of not getting a fair hearing in court are the main obstructions blocking foreign investment into Ukraine, according to the latest investor survey by investment bank Dragon Capital, the European Business Association, and the Centre for Economic Strategy. They have been selected by foreign investors as ... Read More