Excerpts from the most important news on Ukraine
Elections in occupied Donbas would be a farce
18.03.2020
Freedom House report shows OSCE monitored elections in occupied Donbas would be a farce, writes Halya Coynash for Kharkiv Human Rights Protection Group.According to Freedom House, while Ukraine is assessed as Partly Free, with a rating of 62/100, russia has dragged occupied Crimea and Donbas down not merely to its Not Free status, but to an even lower level of observance of fundamental rights and rule of law (Crimea has a rating of 8/00 and Eastern Donbas has 5/100 against ...Ukraine’s IT industry will be combatting a slowdown due to the coronavirus epidemic
17.03.2020
Through September, Ukraine’s IT industry will be combatting a slowdown due to the coronavirus epidemic, Konstantun Vasyuk, executive director of IT Ukraine Association, predicts to UNIAN.“We will have to work in conditions of budget optimization and, possibly, changing business models – we see mass events being canceled, companies are switching to a remote mode of operation and revising contracts,” he said.In a survey of 24 IT companies late last week: 92% of companies canceled business trips abroad; 88% canceled large ...58 years ago first satellite was created in Ukraine [video]
16.03.2020
58 years ago, on March 16, 1962, the first space satellite DS-2 (“Kosmos-1”), was developed at the Yuzhnoye CB and manufactured at Yuzhmash, was successfully launched from Kapustin Yar by the Dnipropetrovsk space rocket “Cosmos”.This satellite initiated the development and production in Dnipropetrovsk of a large family of space vehicles of the Cosmos series. The Cosmos rockets were launched from Kapustin Yar and Plesetsk cosmodroms until June 18, 1977. A total of 165 launches were made, 143 of which were ...Metinvest acquires 73% of Dniprovsky Coke and Chemical Plant
16.03.2020
Metinvest B.V. has completed the acquisition of a stake in PrJSC Dniprovsky Coke and Chemical Plant and currently owns about 73% of the shares of the enterprise, open4business.com.ua reports.“About a year ago, the AMC approved this deal subject to a number of restrictions. Currently, Metinvest has become the owner of approximately 73% of the shares in the plant,” the company’s press service told Interfax-Ukraine.According to the National Depository of Ukraine, in the fourth quarter of 2019 Misandaiko Holdings Ltd. and ...Foreigners without residency permits are barred from entering Ukraine due to the global pandemic
16.03.2020
Starting today, foreigners without residency permits are barred from entering Ukraine. Starting tonight, all international flights, trains, and buses to and from Ukraine are suspended for two weeks, ubn.news reports.As of tonight, all train service stops between Ukraine and Poland, Moldova, russia and Slovakia. Airports will only be open for cargo flights. The measures are designed to block, or at least slow, the entry of coronavirus from the EU, officially named by the World Health Organization as a hub of ...putin is nothing like Western myths about him
15.03.2020
Vladimir putin does like to surprise. Having launched a series of constitutional reforms, he said there should be a hard two-term limit for a president but then conceded that if the Duma thought the clock ought to be reset to zero and the Constitutional Court agreed, he would accept that, writes Mark Galeotti for foreignpolicy.com.This is, after all, classic putin. One of the most problematic Western myths about him is that he is some kind of deep and subtle schemer, the ...Chinese spy is sentenced to 10 years in prison in Ukraine
15.03.2020
A citizen of the People’s Republic of China, Shu Yuanjie, has been sentenced to 10 years in prison in Ukraine on espionage charges, the Security Service of Ukraine reports.The investigation proved that the spy, a Ph.D. in Technical Sciences, had been gathering intelligence under the pretext of official technical sci-tech cooperation between China and Ukraine. During his business trips to Ukraine, the foreigner attempted to recruit a group of Ukrainian scientists into confidential cooperation, the report says, adding that ...Ukrainian companies switch to remote work due to Coronavirus
14.03.2020
The American Chamber of Commerce in Ukraine, together with AmCham member company Deloitte, have conducted a Ukraine Covid-19 Business Impact Survey. This is the first survey on the impact of coronavirus on the business community in Ukraine, bunews.com.ua reports.According to the survey results, the top priorities for Ukrainian businesses at the current stage of the pandemic are limiting of business traveling (89%), providing for remote work (87%), providing office safety, including antibacterial products, disposable utensils, and thermometers (82%) as well ...Ukraine’s prime rate is cut to 10%
14.03.2020
Effective today, Ukraine’s prime rate is 10%, the lowest since the war with russia started six years ago, ubn.news reports.In the latest of an 8-month series of six cuts, the National Bank of Ukraine Board lowered the key rate by one percentage point, from 11%. With annual inflation at 2.4% in February, the bank is sticking with its goal of cutting the prime rate to 7% by the end of this year.The Bank said: “The Board of the National ...Instability requires fast and coordinated action from Ukrainian authorities – Vox Ukraine
13.03.2020
Vox Ukraine, an influential group of largely free-market economists, warned in an open letter: “Ukrainian authorities have no time, and instability in the world requires fast and coordinated action.” Vox reminded: “In the event of a pandemic, global growth can stop completely, as it did in 2009 during the global financial crisis. That year, the Ukrainian economy contracted by 15% and the hryvnia depreciated by 37%.”Solutions include: “resumption of cooperation with the IMF” and “preparation of stabilization measures to curb the possible outflow of ...IT accounted for 44% of the new office space renting in Kyiv
11.03.2020
IT accounted for 44% of the new office space take-up in Kyiv last year. This was followed by industry and energy with 25% and by co-working and temporary offices at 12%.With IT growing at 20% a year in Kyiv, CBRE predicts that the current office vacancy rate of 8.5% will stay roughly same through 2022. “If in the next two to three years, demand will correspond to the supply, then significant fluctuations in rental rates are not expected,” CBRE ...Ukraine’s fresh apple exports in 2019 hit a record volume since 2014
06.03.2020
Ukraine’s fresh apple exports in 2019 hit a record volume since 2014 reaching 53,600 tons, or 26.5% more than in 2018, according to the Ukrainian Agribusiness Club Association.The 2019 figure is almost 11 times more than what was exported in 2015. The main export destinations were: Belarus (14,500 tons), Iraq and Turkey (both 7,900 tons), and Austria (5,100 tons). Overall, Ukraine produced 1.1 million tons of apples in 2019.As an increasing number of Ukrainians are receiving the proper tools and ...
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