Ukraine’s most pressing challenge in coming weeks is to restructure its sovereign debt, freeing up $15.3 billion over the next four years as part of an overall $40 billion financing package that includes a $17.5 billion International Monetary Fund loan.
Combined Russian-separatist forces are at their “highest level” of combat readiness while Ukraine faces mounting pressure to cede more power to regional governments in the east as a summit with the European Union starts in Kyiv.
Agriculture is sexy, beamed an excited Igor Kutovoy, the country manager of John Deere. His eyes sparkled at the mere prospect that Ukraine - already a leading world grower of sunflowers, wheat and corn - could more than double yearly grain harvests to more than 100 million tons.
Twenty three Azov Regiment recruits out of 40 successfully completed a grueling two-hour, forty-five minute obstacle course that the group calls Spartan on April 18 at their Kyiv base.
Many options are available for the government to energize the aviation market. They include paying airlines a certain amount for each occupied seat or marketing subsidies for advertising, as well as reducing or eliminating airport taxes or landing fees at airports controlled by the state, said Thomas Jaeger, managing director of ch-aviation.com, a Swiss airline intelligence agency.
Gone are the peak periods of 2012-2013, when more than eight million passengers flew through Ukraine’s airports each year. Traffic has fallen by 20 percent since then, according to the latest numbers, a drop accelerated by Russia's war against Ukraine. Nobody is predicting a rebound until the economy improves and the war ends.
Metinvest, Ukraine’s biggest steelmaker led by the nation’s richest man Rinat Akhmetov, reported on April 9 that it has defaulted on $113 million in debt obligations due in May after it couldn’t get all its creditors to agree to accept delays on part of its March and April payments as part of a maturity extension offer.
Billionaire Igor Kolomoisky's ousted ally at 100 percent state-owned oil pipeline operator Ukrtransnafta still runs the company.
On the same day he accepted Igor Kolomoisky’s resignation as Dnipropetrovsk governor, President Petro Poroshenko on March 25 signed a bill that allows the state to assert control over joint-stock companies where it has 50 percent plus one share or more voting rights. The law prevents gridlock situations from happening when it comes to decision-making on how earnings get disbursed, for example.
Undefeated Dynamo Kyiv took the perch of the Premier League championship over the weekend after shutting out Dnipro Dnipropetrovsk 3-0 on the road. It was Dnipro’s first loss 11 rounds into the season in front of 22,609 spectators, dropping to second place. After losing for the third time this season, Shakhtar remained in third place after being upset 2-1 by Metalurg Donetsk on neutral turf in northern Kyiv’s Obolon Stadium.
Ukraine's government and business community should be closely following the financial collapse of Mriya Agro Holding. At stake, according to investors, creditors and industry players, is the ability of cash-starved Ukrainian companies to get financing in the future.
Some 150 masked intruders with Praviy Sektor insignia blocked all entry points to Rinat Akhmetov's Zaporizhstal Iron & Steel Works on Oct. 15, his Metinvest steel holding said.
Editor’s Note: This is article was updated to include a response the Kyiv Post received from Mriya Agro Holding on Oct. 15.
LVIV – Serhiy Sydorchuk’s tallied the only goal to give the Ukrainian hosts a 1-0 victory over FYR Macedonia on Oct. 12 in their Group C 2016 European soccer championship qualifying fixture.
Dynamo Kyiv handed Shakhtar Donetsk its second loss of the premier league season on Oct. 6 in Kyiv’s Olympic Stadium, and its first defeat to the arch rival in four seasons and seven fixtures.
LVIV – A smashing left hook towards the end of the seventh round by Oleksandr Usyk (5-0, 5 KOs) sent Daniel “Billy the Kid” Bruwer (24-6-1, 21 KOs) to the canvas on Oct. 4 to secure the 2012 Olympic gold medalist the World Boxing Organization Intercontinental interim title.
Geneva-based Swissport International, a leading airport ground and cargo handling company, is heading to the nation's highest commercial court – again.