Thursday, October 31, 2013

Ukraine’s Third Recession Since 2008 Confirmed on Industry Drop

Ukraine’s economy slipped into its third recession since 2008 in the third quarter as industrial production plummeted.
Gross domestic product fell 0.4 percent from the previous three months after shrinking 0.5 percent in the second quarter, the state statistics committee, based in the capital, Kiev, said today on its website, citing preliminary data. GDP fell 1.5 percent from a year earlier, worse than the median estimate of 12 economists in a Bloomberg survey for 0.2 percent growth.
“The economy is in a protracted stagnation as it moves from one recession to another,” Alexander Valchyshen, head of research at Investment Capital Ukraine in Kiev, said by phone. “The government’s policy to boost economic growth has failed.”
Ukraine is struggling amid falling global demand for products such as steel, a widening current-account gap, shrinking foreign reserves and trade restrictions from Russia, its biggest export market. It’s failed to seal a loan from the International Monetary Fund as the government rejects conditions including higher household energy tariffs. Moody’s Investors Service cut its junk rating further last month.
Yields on Ukrainian dollar debt due 2014 rose 57 basis points to 15.33 percent, the highest level since Oct. 10, as of 5:48 p.m. in Kiev, according to data compiled by Bloomberg. The hryvnia fell to 8.1875 per dollar from 8.1730 yesterday.

Industry Decline

Industrial production declined 5.2 percent from a year earlier in the first nine months, compared with 0.6 percent growth in the same period of 2012.
GDP growth will be “slightly” negative in the whole of 2013, Valchyshen said. First Deputy Prime Minister Serhiy Arbuzov has said the economy will grow less than 1 percent.
Ukraine must act quickly to correct economic imbalances that threaten to swell its budget and current-account deficits beyond the government’s control, the World Bank said Oct. 7.
Moody’s downgraded Ukraine’s credit rating on Sept. 20 by one level to Caa1, seven steps below investment grade, citing growing political and economic risks due to deteriorating relations with Russia, low foreign reserves and a lack of progress on an international bailout from the IMF.
Central bank reserves were at a seven-year low of $21.6 billion at the end of September, down from $29.3 billion a year earlier, as policy makers intervened to support the hryvnia. The stockpile is less than three months of imports, a threshold economists deem important for financial stability.

Friday, October 25, 2013

Map shows more than 2000 nuclear bombs exploded in last 50 years.

Map shows more than 2000 nuclear bombs exploded in last 50 years. The Manhattan Project was set up midway through the Second World War and began work on developing the U.S' nuclear technology. In May 1945 Germany signed a surrender agreement with the Allies to signal the end of the war in Europe, however, the war in the Pacific carried on and the Allies were contemplating invading Japan. They asked Japan to surrender but the Japanese government ignored the Potsdam Declaration on July 26, 1945. By August 1945, the Manhattan Project had developed and tested atomic bombs at its Los Alamos base By August 1945, the Manhattan Project had developed and tested atomic bombs at its Los Alamos base and on 6 August, a Little Boy atomic bomb, left, was dropped on Hiroshima on August 6, 1945, followed by a Fat Man bomb,right, on Nagasaki three days later. The blasts are said to have killed a total of 245,000 deaths by November 1945 and the effects from radiation are still reported to this day. On 15 August, Japan surrendered and signed the Instrument of Surrender on September 2, officially ending World War II.

Thursday, October 24, 2013

New grain terminal launched in Odessa port

Ukraine's Deputy Prime Minister Olekandr Vilkul has launched of a new pilot grain-handling complex "Brooklyn-Kiev" Ltd in the Odessa commercial sea port, the Information-analytical Bulletin of the Cabinet of Ministers of Ukraine informs.
New grain elevator at Androsovsky breakwater is a unique, modern, high-tech handling complex, which is unparalleled at Odessa port both by scope of simultaneous storage and planned annual turnover.
Capacity of the terminal is 4 million tons of grain annually. The terminal includes a berth (254 meters length and 12.5 meters depth at the boundary), which can take vessels up to 60 tons of dead weight.
The grain terminal (designed for 240 tons of simultaneous grain storage) will be one of the most advanced terminals at the Black Sea. Total project cost is 125 million USD, of which 95 million USD of investments and the rest is ensured by the port. The terminal's startup created 230 jobs for Odessa.
Experts say the new grain-handling complex at Androsovsky breakwater will be the fourth grain-handling complex at the Odessa port. The new terminal can process 15% of Ukrainian grain exports and will be a core project of Odessa commercial port, which processes over 45 million tons of cargo on annual basis.
Government experts say construction of new elevator is due to the stable position of Ukraine among leading world grain exporters. They also credit the Strategy of Developing Port Infrastructure 2038, which has been adopted by the government.
The grain-handling complex at Androsovsky breakwater (with a potential scope of grain exports up to 4 million tons annually) is the first implemented project contained in the brief.
The Cabinet expects implementation of the strategy will increase annual cargo handling up to 210 million tons and attract private investments in the amount of 26 billion UAH. It envisions an increase the efficiency of cargo-handling complexes at seaports by up to 80% and the creatation of 15,000 additional jobs.
Ukraine is a notable and significant exporter of crops and oilseeds and supplies agricultural products to over 50 countries of the world. Ukrainian exporters recently discovered several new markets, the most promising and rapidly growing of which are located in Southeast Asia.
In the international arena, Ukraine is considered to have tremendous agricultural potential (the country is among top ten grain exporters of the world with grain export potential over 60 million tons). Ukraine has high-quality land, water resources and a hard-working population. Successful development of export potential requires qualitative development of modern port infrastructure including the building of port elevators for 30 million tons (2.3 million tons at the moment) at an estimated cost of 6 billion USD.
The Ministry of Agrarian Policy and Food says agricultural exports from Ukraine totaled 18.2 billion USD in 2012 (up 40% from 2011) and for the first time exceeded income from metal exports. Ministry experts say Ukraine this year is in a position to export the agricultural products for 20.6 billion USD (28 million tons of grain, which can be an absolute record for independent Ukraine). This figure is 2 billion USD higher than last year's results.

Saturday, October 19, 2013

Fenerbahce Ulker defeat Budivelnik Kiev 102-84 in Kiev Ukraine

Men's basketball team Fenerbahce Ulker of Turkey defeated Ukraine's Budivelnik Kiev 102-84 in the first game of Group A in Turkish Airlines Euroleague.  
The match, played in 'Palace of Sport' was refereed by Sreten Radovic from Croatia, Carmelo Paternico from Italy and Apostolas Kalpakas from Sweden.
Bo McCalebb with 11, Nemanje Bjelica with 11, Melih with 12, Linas Kleiza with 12, Gasper Vidmar with 9, Luka Zoric with 10, Kenan with 2, Bojan Bogdanovic with 21 and Emir Preldzic with 14 played and scored for Turkey. 
Blake Ahearn with 16, Darjus Lavrinovic with 21, Artur Drozdov, Sergiy Gorbenko with 2, Janis Strelnieks with 14, Michailis Anisimov with 3, Andriy Lebedintsev, Oleksandr Tishchenko, Kostiantyn Aniliienko with 2, Micah Downs with 7, Ricky Minard with 7 and Dajuan Summers with 12 played and scored for Ukraine.
First period: 15-18
Half time: 43-41
Third period: 77-71

Friday, October 18, 2013

Usyk vs Romero and Uzelkov vs Codrington on November 9th in Kiev, Ukraine.

A big boxing show will take place on November 9th at the Palace of Sports in Kiev, Ukraine, promoted by K2 Promotions Ukraine . Local light-heavyweight star Vyacheslav “Steel Power” Uzelkov (29-3, 18 KOs) will dispute vacant IBO International light heavyweight title against American KO-artist Jaidon “The Don” –°odrington (21-3, 17 KOs) in the main event.
The 34-year-old Uzelkov is a former World (WBA) and European (EBU) title challenger who has couple of decent victories in his record including 6th round KO win over former WBA World champion Gabriel Campillo and a UD win over two-time WBO contender Alejandro Lakatos. Codrington,29, is known as a runner-up of reality boxing show “The Contender,” where he stopped previously unbeaten Texas brawler Brian Vera and met current WBC world champ Sakio Bika in a 2007 Fight of the Year candidate.
A special attraction of upcoming show will be pro debut of the international amateur-boxing superstar and 2012 London Olympic Gold Medalist Alexander Usyk, who has recently signed with Klitschko brothers. The highly-promising Ukrainian cruiserweight will risk his reputation against tough and experienced Mexican Felipe “El Indio” Romero (16-7-1, 11 KOs) in a six-rounder.
26-year-old Oleksandr Usyk was one of the p4p best amateurs during last 5 years. Ukrainian technician won gold medal as a heavyweight at Olympic Games-2012 in London, also he was World champion in 2011 and European champion in 2008.
There will be a couple of other K2 young guns on the undercard including just 19-year-old but fast rising Russian prospect Umar Salamov (7-0, 6 KOs) who will face durable Uzbek Ravshan Jabbarov (11-4-1, 5 KOs) in a 10-rounder.
Both Usyk vs Romero and Uzelkov vs Codrington match-ups will be broadcast live by Ukrainian Inter channel on November 9th supporting by TM “Khortytsia.”

Monday, October 14, 2013

Ukrainian Navy Flagship Starts Anti-piracy Mission off Africa

Ukraine’s navy flagship, the Hetman Sahaidachny frigate, started patrolling naval routes off the African coast on Saturday as part of NATO’s Operation Ocean Shield, Ukraine’s UNIAN news agency said.
"The Ukrainian ship has already covered several hundred nautical miles in the Gulf of Aden and started its patrolling round together with warships of the US, Danish and Dutch navies,” the agency quoted Ukraine’s Navy command as saying.
Global powers, including NATO, the European Union and Russia, have launched anti-piracy missions in response to a rising amount of piracy off the Horn of Africa and in the Western Indian Ocean.
Operation Ocean Shield aims to deter and disrupt pirate attacks, protect vessels and help increase overall security in the region since 2008. In March 2012, the North Atlantic Council extended the operation until the end of 2014.
Earlier this week, the Ukrainian parliament has approved a presidential decree to join the international anti-piracy efforts.

Friday, October 11, 2013

Sunday sex tourism

In Kiev, 18.5% of female students work part-time as prostitutes to earn money for their education. The reason behind this trend is the high cost of a good education in private universities and the low income of their families. There is strong reaction from some social groups and student groups against this trend, but this trend is spreading like a virus among poor students who see this as a means to paying for their expensive costs of higher education.
Euro 2012, which Ukraine co-hosted with Poland, encouraged youth into prostitution, because this event provided a big chance for female students to start their career successfully, and they managed to establish good contacts in Europe for their future business. Westernization of the Ukrainian society without providing social security to people is playing havoc with the social fabric of this Eastern European country where the government is withdrawing support to people in all important sectors including education and health.
Selling sweets on the street is nowhere near as profitable as selling their bodies, unfortunately. The prime reason why female students are involved in this is poverty. Parents are aware of this. They know a lot of the time what the choices are – and they choose to accept their girls into prostitution.
The typical age of students who earn money through prostitution is 26 years to 30 years—indicating that master’s degree and post master’s degree students are mostly involved in this trend. There is another age group that is 20-25, but this group is mostly involved for sexual pleasure and European exposure, rather than just for making money for education and families.
According to a study conducted by a team of scientists in Berlin Studienkolleg zu institute, 52.3% of students are involved in prostitution and in parallel have a permanent boyfriend or girlfriend. 48.9% of them describe themselves as heterosexual, 13.3% as gay, and 37.8% – as bisexual.
The study also indicates that young Ukrainian women are increasingly involved in prostitution. There are thousands of websites created by students to sell themselves in the prostitution market. They put candid and sexy photos and detailed descriptions of services including stats of their bodies online, while ordinary prostitutes work with or through a pimp, and only on weekends.
Ukrainian students have flooded the European market with prostitution nets and even resorts in the Middle East are full of them. In a Middle Eastern newspaper there was another report on this same issue that indicates that lack of money and high fees in Ukrainian institutions are compelling female students to indulge in prostitution. “Girls aged 18-25 work part-time in prostitution on weekends for several reasons,” said Julia Tsarevskaya, the head of the organization, Convictus Ukraine, working in the field of HIV/AIDS. “Basically it’s either a lack of money to go to university, or the lack of funds to buy expensive branded things,” she said.
The number of these “independent prostitutes” in the country is estimated at several hundred women. “At the end of each week at Bergamo airport, located near Milan, on average, 25-30 girls come from the Ukraine,” said Giovanni de Roma, the commander of the Italian Financial Guard units.
Sex tourism in Europe is largely supported by Ukrainian workers, and this tourism is most often called “Sunday sex tourism.” Prostitutes themselves say that they earn abroad many times more than at home. “The Turks provide a car and driver for the duration of the work, security, and fees are three times higher than Ukrainian,” says Mila from Kiev, a sex worker.
She is of the view that these trips bring in $5 million each. The girl even has accumulated enough for a Honda Accord valued at $33,000, and her minimum fee for an hour of “work” ranges from $300-500.
According to Elvira Mruchkovskoy, head of the NGO “Suchasnik,” these girls get up to $10,000 from its main supplier of personnel for sex escorts – model agencies. About 20% of Ukrainians working in them regularly go abroad to escort, and one in seven is also engaged in prostitution. In these cases, the fee – up to $500 for a four-day trip – increased eightfold. To order a Ukrainian woman through an online escort agency services, the manager should send a copy of the first page of the passport and pay for a round-trip ticket. Is also required that the customer pay a minimum of 48 hours in advance of the operation and makes an advance payment of 40%.
“We are writing to foreign colleagues with a request to block access to escort sites in [the] Ukraine. In response to only get an apology, saying that on our side everything is legal, we hope [for] further cooperation,” said Alexander Kling, head of the department for combating crimes against morality at the Ukrainian Ministry of Internal Affairs.

Friday, October 4, 2013

Ukraine International Airlines, Wizz Air Ukraine, UTair Ukraine are running very well in Ukraine.

After a high profile year, during which the country co-hosted the 2012 UEFA European Football Championship (with Poland), Ukraine’s air transport industry suffered the potentially disastrous loss of one of its two main carriers, AeroSvit. Passenger numbers across the country’s main airports had passed the 13 million mark in 2012, with Kiev’s two airports (Borispol and Zhulyany) handling almost 9.4 million on their own. Since 2012, Kiev Zhulyany (the original airport serving Kiev) has been growing rapidly, and promoting itself as a more efficient alternative to Kiev Borispol. In the first half of 2013 its passenger numbers have more than doubled to over 800,000 passengers.
 Given that the country is bigger than Spain (but smaller than France) and has a population of well over 40 million people, there is clearly considerable scope for air traffic demand to grow, as the country’s economic prosperity rises thanks to its energy industries.

UIA grows rapidly to fill AeroSvit void

Following the collapse of AeroSvit, Ukraine International Airlines (UIA), which features as one of this week’s two 30-second interviews, has grown rapidly, more than doubling its weekly seat capacity compared with a year ago. Other local carriers to have taken advantage of the situation are UTair Ukraine, and Wizz Air Ukraine, while Aeroflot from neighboring Russia has also increased capacity significantly on its existing routes.

Dniproavia, is once again operating as a stand-alone airline, primarily on domestic routes. It had previously been operating flights on behalf of AeroSvit, but after that airline’s failure, and a brief shutdown earlier in the year, it is now flying once more.

Over 50 new services have been started from Ukraine airports so far in 2013

Many new services have been launched already in 2013 to fill the gap left by the demise of AeroSvit. The following table summaries the 40 new services launched so far this year, at the two airports serving the Ukraine capital, Kiev.
Airline Routes from Kiev Borispol (KBP) Routes from Kiev Zhulyany (IEV)
Aegean Airlines
Athens (ATH), Larnaca (LCA)
Air Astana Almaty (ALA), Astana (TSE)
Air One
Catania (CTA)
Air Onix
Bratislava (BTS)
Dubai (DXB)
FlyGeorgia Tbilisi (TBS)
Georgian Airways
Batumi (BUS)
Meridiana Olbia (OLB)
Transaero Airlines
Ekaterinburg (SVX), Perm (PEE), St Petersburg (LED), Ufa (UFA)
Ukraine International Airlines Adler/Sochi (AER), Astana (TSE), Athens (ATH), Baku (GYD), Batumi (BUS), Bishkek (FRU), Ekaterinburg (SVX), Kaliningrad (KGD), Larnaca (LCA), Moscow (SVO), Munich (MUC), Nizhnevartovsk (NJC), Novosibirsk (OVB), Prague (PRG), Pula (PUY), Rostov-on-Don (ROV), Samara (KUF), Thessaloniki (SKG), Vilnius (VN), Yerevan (EVN), Warsaw (WAW)
UTair Ukraine
St Petersburg (LED), Tbilisi (TBS), Vilnius (VNO)
Barcelona (BCN)
Wizz Air Ukraine
Sofia (SOF), Vilnius (VNO)
Since the beginning of 2013 the following carriers have started new international services to/from airports in the Ukraine other than Kiev.
  • Air Onix: From Simferopol to Tbilisi
  • dniproavia: From Dnepropetrovsk and Lviv to Moscow Domodedovo
  • flydubai: From Odessa to Dubai
  • Ukraine International Airlines: From Donetsk, Dnepropetrovsk, Odessa and Simferopol to Tel Aviv
  • UTair: From Odessa to Moscow Vnukovo
  • Wizz Air Ukraine: From Donetsk to Dortmund and Kutaisi
Wizz Air Ukraine has also announced that it will be launching its third base in the Ukraine from next May. It will base an aircraft at Lviv Airport and launch new routes to Girona, Kutaisi, Naples, Rome Fiumicino and Valencia, to complement its existing service to Dortmund, Milan Bergamo and Venice Treviso. In January 2014 Emirates will launch flights to Kiev Borispol. flydubai has been serving this market but will cease its operation on this route from the end of October, having recently also started daily flights from Dubai to Kiev’s Zhulyany Airport.