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17:50 PM Wednesday, March 28, 2018
UBJ.am
UBJ.am - Wednesday March 28
2 Million Ukrainians Working in Poland? Indian students double in Ukraine; M&A; up 37%; Nationwide poll: gradual return of economic optimism; Kherson to fly Crimeans to Europe?
image/svg+xml Kyiv Lutsk Rivne Zhytomyr Lviv Ternopil Khmelnytskyi Uzhgorod Chernivtsi Vinnytsia Chernigiv Sumy Kharkiv Poltava Cherkasy Kirovohrad Lugansk Dnipropetrovsk Donetsk Zaporizhzhia Mykolaiv Odesa Kherson Simferopol Sevastopol Ivano- Frankivsk

Expecting as many as 2 million Ukrainian migrant workers in Poland this year, Poland is mulling setting up a state agency for Ukrainian guest workers. The agency would advertise job vacancies and salaries and protect worker rights, Bartosz Cichocki, Poland’s deputy foreign minister tells Europeiska Pravda.

An X-ray of Ukrainians working in Poland came Tuesday from Alexei Antipovich, head of Rating, the Kyiv sociological group. Citing a survey by Polish company Personnel Service, he told UNIAN: "Most Ukrainians choose two areas for work in Poland: agriculture (34%) and construction and repairs (32%). Of the rest, 8% percent are in housework, 7% in restaurants and 5% in elderly care." Most stay in Poland for less than 90 days.

Almost 11,000 Indians study at Ukraine’s universities, about double the level of 2015, Manoj Kumar Bharti, India’s ambassador to Ukraine, told reporters Tuesday at Interfax-Ukraine. Already the largest nationality for foreign students, Indians will grow to 40,000 in the 2020s, the ambassador predicts. With each student spending $5,000 for education, living and personal expenses, he predicts that Indian students soon will inject $200 million a year into Ukraine’s economy.

Ukraine’s trade with India grew by 19% last year to $2.8 billion, India’s ambassador reports. With food pumping up the flow, Ukraine had its second largest trade export in the world with India -- $1.65 billion. This was second only to Ukraine’s $1.75 billion surplus with Egypt. India is Ukraine’s largest buyer of sunflower cooking oil. This year, the two-way trade should grow by another 20%. On May 1, Ukraine International Airlines starts direct flights from Kyiv Boryspil to Delhi.

Ubisoft Entertainment, the French video game publisher, is opening a division in Mumbai and a second Ukraine studio in Odesa. The new Odesa office will have 10 employees, with plans to hire another 60, according to gamesindustry.biz. Managed by Adrian Serbanescu, Kyiv studio manager, the Odesa office will focus on the Ghost Recon series. Sebastian Delan, managing director for Ubisoft's Eastern European hub, tells the news site: "We are really glad to see the industry evolving in Ukraine and to see so many people who are passionate about game development."

Car manufacture is a future area of cooperation with the EU, with 75% of new European cars now carrying Ukrainian-made electronic parts, Stepan Kubiv, Minister of Economic Development and Trade, said after meeting in Kyiv with Elzbieta Benkovskaya, EU commissioner for industry. Benkovskaya, a Polish politician, said the EU is “talking about Ukraine becoming part of our overall industrial strategy.”

Mergers and acquisitions in Ukraine increased by 37% last year, to $1 billion. The number increased by 22%, to 67, according to a study by KPMG in Ukraine. The most active foreign investors were, in order, from the CIS, North America and Europe. CIS investors focused primarily on buying assets from Ukrainian owners of property in Crimea. According to KPMG, the level of M&A; activity remains far below the 2013 level. Continued recovery is forecast for 2018.

A nationwide poll of Ukrainians’ economic views by the International Republican indicates a gradual increase in economic optimism and continued improvements in local outlooks. Twenty-three out of 24 cities believe the economic situation in Ukraine has improved over the past 12 months. In all 24 cities surveyed, citizens reported improvements in their household economic situations. Conducted for the fourth year in a row, the IRI poll interviewed 19,200 Ukrainians in 24 cities – Kyiv, all regional capitals, Mariupol and Severodonetsk. The survey was conducted by Ratings Group Ukraine.

Face to face talks between Gazprom and Naftogaz ended Tuesday with the Russians refusing to abide by Stockholm arbitration rulings that the Gazprom resume gas sales to Ukraine and pay a net $2.6 billion to Naftogaz. The two sides agreed to meet in April.

A Chinese cargo ship, the Fu Rong Song, has delivered a mobile asphalt plant and highway building machinery to Odesa’s port. The equipment is for Chinese companies undertaking highway projects this spring in Ukraine.

The central bank has rejected an application by Belarus Bank Paritet to buy the operations of Russia’s Sberbank in Ukraine. The National Bank of Ukraine says the buyer does not comply with Ukrainian legal requirements. Russia’s Kommersant has reported that Viktor Sheiman, an owner of Paritet, is under sanctions from the US and EU.

Steel giant ArcelorMittal Kryvyi Rih almost doubled its net profit last year, hitting UAH 5.1 billion. In 2016, profit was UAH 2.7 billion

SpetsTechnoExport fulfilled $120 million worth foreign defense contracts last year, 80% for the export of weapons made in Ukraine, the company’s press service reports. Part of the Ukroboronprom state holding, the reported that half of its earnings came from upgrading An-32 aircraft for the Indian Air Force. The company “significantly intensified cooperation” with Indonesia, Saudi Arabia, Kuwait, Egypt, Azerbaijan, Turkey and Georgia. The company tells Interfax-Ukraine that it has $500 million worth of orders in the pipeline.

Electricity from renewable sources accounts for 1.4% of Ukraine’s total electricity generated, but accounts for 5.4% of the total cost, the National Commission for Energy, Housing and Utilities Services Regulation reports. This nearly four-fold difference in tariffs explains high foreign investment flows into wind, solar and biogas. But it also explains resistance in the Rada to extending the ‘green tariff’ program to new projects commissioned after Dec. 31, 2019. During the first quarter of this year, Ukraine commissioned 159.4 MW of new renewable projects, more than double the amount of last year’s first quarter.

Wizz Air has launched flights from Lviv to Dortmund, Gdansk and Katowice. The new flights come as rival Ryanair plans to launch on Oct. 15 flights from Lviv to five European cities. At the same time Lviv airport has started talks with a third discount airline, Spain's Vueling. Tatyana Romanovskaya, the general director of Lviv airport, tells TTS news site that she expects to start talks soon with Qatar Airways.

The Infrastructure Ministry is talking with Ryanair about starting European flights from Kherson International Airport. In addition to serving southeast Ukraine, the airport could draw Ukrainian passport holding travelers from Crimea, a four-hour drive, when the line of control is open. Due to sanctions, Simferopol Airport only offers flights to Russia. If Ryanair flies out of Kherson, "we will begin to pull Ukrainians from Crimea,” predicts Infrastructure Minister Volodymyr Omelyan. Ryanair does not fly to Russia.

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