Most members of the monetary policy committee of the National Bank of Ukraine (NBU) see the possibility of lowering the refinancing rate by 1-2 percentage points (p.p.) during 2024 from the current 15%, but several of their colleagues believe that it is advisable to keep the rate at the existing level, the central bank published … Read more
Ukrnafta launched another high-yield well in eastern Ukraine with an initial daily output of over 50 tonnes of oil, the company reported. “The total depth of the new exploration well is 2,919 meters. The initial flow rate is 51.4 tonnes per day of practically anhydrous oil, water cut is 2-3%,” said company director Serhiy Koretsky. … Read more
Ukraine’s Cabinet of Ministers has added three new industrial parks to the register of industrial parks in Ukraine—two in Khmelnytskyi Oblast and one in Lviv Oblast, the Ministry of Economy reported on Dec. 22. “The development of industrial parks is very important in the context of the recovery and further growth of the Ukrainian economy,” … Read more
The Cabinet of Ministers of Ukraine has banned the privatization of state and municipal property in the areas affected by active hostilities during the period of martial law and for three months after its end, the Reintegration Ministry reported on Telegram on Dec. 22. The ban amends earlier Cabinet decisions No. 952 of Aug. 23, … Read more
The National Bank of Ukraine (NBU) conducted a stability assessment for the 20 largest banks, which collectively have more than 90% of the country sector’s net assets, and identified the need for additional capitalization of five banks, but two of them have already managed to increase capital adequacy to targeted standards following the audit. “Based … Read more
Fitch Ratings has upgraded National Joint-Stock Company Naftogaz Ukrainy’s (Naftogaz) Long-Term Issuer Default Rating (IDR) to ‘CC’ from ‘RD’ (Restricted Default) following the completion of its eurobond restructuring, the company said on its website. “Fitch has affirmed the company’s senior unsecured notes issued by Kondor Finance plc at ‘C’; the Recovery Rating has been revised … Read more
German drone manufacturer Quantum Systems will open an R&D center in Ukraine and plans to recruit employees. Oleksandr Berezhnyi, Country Chief Operational Officer of the company, stated this in a commentary to DOU. The center will start with producing spare parts for its Vector drones in 2024, followed by assembling complete drones within a few … Read more
In Ukraine, a nuclear reactor will be built at the Khmelnytskyi nuclear power plant: it will be the first to use American AP1000 technology – Ministry of Energy of Ukraine. According to reports, the day before, the president of Energoatom, Petro Kotin, and the chief executive officer of the Westinghouse Electric company, Patrick Fragman, signed … Read more
The share of illegal tobacco products from the total market volume in Ukraine in October of this year reached 25.7% compared to 19.5% in June and 20.2% in February, which is a historical maximum for the entire period of such studies, such data from the latest study on monitoring illegal trade in tobacco products in … Read more
The UK Government and UK defence industry conducted their first trade mission to Ukraine. Agreements between UK and Ukrainian companies will enhance resilient defence industrial facilities inside Ukraine, the press service of the UK government has reported. “Meetings in Kyiv followed discussions at the Defence and Security Equipment International (DSEI) exhibition in London in September … Read more