Business news from Ukraine

Business news from Ukraine

CAPITAL INVESTMENTS IN UKRAINE 37.4% UP IN Q1, 2018 – STATISTICS

Capital investments in Ukraine in January-March 2018 increased by 37.4%, while in January-March 2017 by 21.4%, the State Statistics Service has reported.
Capital investments in Ukraine in 2017 increased by 22.1%, in the first nine months of the year by 20.7% and in the first half of the previous year by 22.5%.
According to the service, in the first quarter of 2018 some UAH 89 billion of capital investments were used (excluding the temporarily occupied territory of Crimea, Sevastopol and Donbas), which is 37.4% more than the volume of capital investments for the corresponding period of 2017.
In terms of regions, the largest increase in capital investments in the first quarter of 2018 compared to the same period in 2017 was recorded in Donetsk (2.3 times), Chernihiv (2 times) Zhytomyr (64.6%), Zakarpattia (49.9%), Cherkasy (47%), Ivano-Frankivsk (44.6%), Rivne (53.3%), Cherkasy (47%), Sumy (39.6%), Vinnytsia (37.3%), Volyn (36.7%), Poltava (26.4%), Dnipropetrovsk (21.3%), Ternopil (20.6%), Kirovohrad regions (16.5%), and Kyiv city (61.1%).
According to statistics, capital investments during the reporting period decreased in Luhansk (by 23.9%) and in Chernivtsi regions (by 0.5%).
In terms of sectors, the highest growth of capital investments in the first quarter of this year was recorded in information and telecommunications (2 times), financial and insurance activities (80.2%), transport, warehousing, postal and courier activities (69.3%), operations with real estate (59.1%), state administration, defense and compulsory social insurance (56%), education (50.8%), wholesale and retail trade, repair of motor vehicles and motorcycles (49.9%), industry (46.3%), information and telecommunications (2 times), professional, scientific and technical activities (23.7%), scientific achievements and developments (25.5%), in the sphere of art, sports and entertainment (14.7%), and agriculture (10.2%).

KYIV PERFECTLY HOSTS CHAMPIONS LEAGUE FINAL – UEFA PRESIDENT

UEFA President Aleksander Ceferin thanked Kyiv city for the high level of organization of hosting UEFA Champions League 2018 finals, the press service of Kyiv City Administration has reported.
“I would like to thank Kyiv and Mayor Vitali Klitschko for the excellent organization of the final matches of the Champions League. It should not be forgotten that this is the largest sport event of a global level that is not easy to organize. Yesterday, and in previous days, there was not a single mistake. Thank you for your hospitality, I am convinced that at least half of the fans will return to Kyiv again,” he said at a meeting with Klitschko on Sunday.
Ceferin said that after the Champions League final, Kyiv will be able to organize any event of this scale.
Klitschko, in turn, said that everything went “very well.”
“Yes, we were worried because Kyiv and Ukraine had not hosted such events before, but we did our best, we prepared carefully, and we managed to do this,” the mayor of Kyiv said.
He thanked the law enforcers for coherent and professional work. “I thank the top officials of the Ministry of Internal Affairs, the National Police and the Security Service for their work during this big event, and thank each law-enforcer who provided order in the city. This was extremely important,” Klitschko said.

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POROSHENKO CONFIDENT IN CONTINUATION OF COOPERATION WITH IFIS

Ukrainian President Petro Poroshenko is confident that Ukraine will continue cooperation with international financial institutions (IFIs).
“It is clear that the achievement of macroeconomic stability has become possible, first of all, thanks to cooperation with international financial institutions. I am firmly convinced that we will continue cooperation in the future, because we are the only team in Ukraine’s history that ensured the implementation of six consecutive memorandums with the IMF [International Monetary Fund]. Before that, they promised, they took money and forgot to carry out reforms,” the head of state said at a meeting of the National Investment Council in Kyiv on Friday.
At the same time, he added that the IMF funds are sent to the country’s forex reserves, which in the past four years grew 3.5-fold, to $18 billion.
“Despite the fact that Ukraine paid more than $4 billion this year, forex reserves now amount to $18 billion. Compare with the situation that was late 2014 – early 2015: forex reserves – $5 billion, and you had to pay $8 billion. How could we avoid default? They believed us, and today the most difficult period also passed, and in these four years the forex reserves grew 3.5-fold. This is the answer where are the funds of the IMF. They are carefully preserved in the forex reserves of the country,” Poroshenko said.

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STEINMEIER TO VISIT UKRAINE ON MAY 29-30 – EMBASSY

German President Frank-Walter Steinmeier will visit Ukraine on May 29-30, the German Embassy in Ukraine has reported.
“German Federal President Frank-Walter Steinmeier will visit Ukraine from May 29 to May 30, 2018. On May 29, the German president will hold talks in Kyiv with Ukrainian President [Petro] Poroshenko and Prime Minister [Volodymyr] Groysman, and examine the state of reforms in Ukraine,” the embassy said in a statement released on Friday.
In addition, Steinmeier will speak before the students of the National University of Kyiv-Mohyla Academy.
On May 30, he will meet in Kyiv with students and teachers who study and teach German respectively and in Lviv with students and teachers of German studies.
The embassy said that Steinmeier would also mark the 10th anniversary of the “Schools: Partners for the Future” initiative.
Earlier on Friday, Ukrainian President Petro Poroshenko, while opening a meeting of the National Investment Council, said that the German president would visit Ukraine next week.

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