Eight payment companies get green light from central bank to operate

The National Bank of Ukraine has issued eight licenses for the provision of financial payment services, according to an update posted on the regulator’s website on April 28. Notably, state-owned postal service operator Ukrposhta and NovaPay (part of the Nova Poshta) both received licenses. The following are now included in the Register of Payment Infrastructure: … Read more

France helps Ukrainian civil aviation pilots maintain their qualifications

Ukrainian pilots and air traffic controllers are training on simulators and attending specialized schools in France, ready to resume flights once Ukrainian airspace reopens for civil aviation, French Transport Minister Clement Beaune said in an interview with Ukrainian Pravda on April 27. During negotiations in Kyiv, Ukraine and France agreed to expand their cooperation in the field … Read more

Ukrposhta records increase in sending parcels from abroad in Q1

JSC Ukrposhta in January-March 2023 recorded a significant increase in the number of parcels sent to Ukraine from abroad, Director of International Operations Department at Ukrposhta Yulia Pavlenko has said. “I see that according to the results of the first months of this year, Ukrposhta already reaches 85% of the volume of the pre-war period … Read more

Ukraine receives funding from Eurocontrol to prepare for opening its airspace

Ukraine’s state air traffic operator Ukraerorukh has received a second financing tranche from the Solidarity Aviation Fund, Infrastructure Ministry announced via Facebook on April 25. The Solidarity Aviation Fund was established by Ukraine and Eurocontrol (the European Organization for the Safety of Air Navigation) in late 2022. The first tranche was received by Ukraerorukh in February 2023. … Read more

Ukrzaliznytsia resumes grain transit through Poland

Ukrzaliznytsia, Ukraine’s national railway operator, has resumed the export of Ukrainian agricultural products through Poland for the first time since April 24, Interfax-Ukraine reported on April 24. The shipments are authorized for land transit and for transit to the seaports of Gdańsk, Gdynia, Świnoujście, and Szczecin. Ukrzaliznytsia received a notification about the lifting of restrictions from the … Read more

Ukrzaliznytsia in Q1 2023 increases volume of export transportation of all types of goods, except for grain

JSC Ukrzaliznytsia in March reached the highest indicator of transportation in export traffic over the past year – 5.3 million tonnes (73.4% more) compared to the same period last year and 4% more versus February indicators, Valeriy Tkachev, Deputy Director of the Commercial Work Department at Ukrzaliznytsia, said at a meeting of the Export Promotion … Read more

Closure of Ukraine’s airspace will last until 2029, Eurocontrol forecasts

Ukrainian airspace, which was closed on Feb. 24, 2022, will not return to “normal” routing until at least 2029, the European Organisation for the Safety of Air Navigation, or Eurocontrol, said in its forecast update for 2023-2029 as of March 31. Restrictions on the airspaces of Russia, Belarus and Moldova remain in place for 2023-2029, as well. … Read more

Reopening Ukraine’s airspace is essential to starting reconstruction – infrastructure deputy minister

The Ministry for Communities, Territories, and Infrastructure of Ukraine is already working on a strategy for developing aviation infrastructure. The Deputy Minister for Communities, Territories, and Infrastructure, Serhiy Derkach, announced this in a Rise Ukraine podcast on reconstruction. With the beginning of the full-scale invasion of russia, flights of civil aircraft over the airspace of … Read more

Ukraine’s Nova Poshta plans to expand into whole Europe

Ukraine’s postal operator Nova Poshta plans to open 200 branches in 30 European countries by 2025, Interfax-Ukraine quoted company co-founder Volodymyr Popereshnyuk as saying on March 23. “We will invest EUR 10 million,” he said while opening its first Nova Post branch in Lithuania, adding that the company has already invested EUR 1 million in network development … Read more

NovaPay applies for EMI license in Europe

The financial company NovaPay, which is part of the Nova Poshta group of companies, the leader of express delivery in Ukraine, is in the process of obtaining a European license of the Electronic Money Institution (EMI), said Viacheslav Klymov, co-founder of Nova Poshta. “NovaPay will develop, like the whole group – to create international expansion. … Read more