The Russians had stolen about 4 million tons of grain from Ukraine, the Ukrainian Grain Association (UGA) estimated. States under sanctions are the buyers of the stolen grain are the countries under sanctions. But even they are wary of grain stolen from Ukraine. However, there was a case when Libya refused to buy stolen grain. … Read more
Naftogaz, Ukraine’s national fossil fuel company, has started operations at one of its most formidable wells in recent years. This bodes well for future exploration, said Naftogaz CEO, Oleksiy Chernyshov, on his Facebook page on May 24. The well currently boasts daily gas production of 580,000 cubic meters. With an impressive depth of 5.8 kilometers, this … Read more
Estonia recently launched the mRiik application, based on Ukraine’s Diia e-government app. Ethiopia and Zanzibar have followed suit and also started developing their own apps using Ukraine’s technology. The announcement was made by Mykhailo Fedorov, the Deputy Prime Minister and Minister of Digital Transformation, during the Diia in DC conference in the United States, Interfax-Ukraine … Read more
Ukraine’s largest gas producer, UkrGasVydobuvannya, launched a new exploratory well with a depth of 5,800 m, with a flow rate of 580,000 cubic meters of gas per day. Sydorov reports, citing the Naftogaz press service. Ukraine’s state gas producer is now actively developing new wells. The latest 5,800-m-deep exploratory well is one of the most … Read more
Ukraine and Germany are starting the “Renewable energy sources for a sustainable Ukraine – R2U” project for Ukrainian communities. The Ministry of Energy of Ukraine reported that on Telegram. This project is the first stage of implementation of agreements on deepening partnership in the field of “green” recovery with Germany. It is noted that within … Read more
In the wake of Russian aggression, small- and medium-sized businesses (SMEs) are increasingly bearing the brunt of the economic consequences, with losses from the ongoing war showing a significant up tick over the past six months. According to the European Business Association’s latest quarterly survey, only 6% of entrepreneurs have reported no damage so far, compared … Read more
The National Bank of Ukraine (NBU) has introduced an additional requirement for nonresidents to repatriate interest income received on domestic loan government bonds: the minimum continuous period of investor ownership of this government bond is at least the last 90 calendar days in a row until interest is received. “This will help prevent premature repatriation … Read more
Prozorro, a procurement system used by the Ukrainian government, has announced that it will re-introduce optional auctions for purchases starting May 19, the Prozorro press service reported on Facebook, with reference to a resolution from the Cabinet of Ministers. This feature allows customers to conduct purchases in the form of open bidding – not only via option, though they would … Read more
The National Agency on Corruption Prevention (NAZK) has added Indian company CK Birla Group to its list of international sponsors of war, the agency’s press service announced on May 19. According to NAZK, Birla Group, and its subsidiary, National Engineering Industries Limited, Qualify for the list due to Birla Group’s sales of bearings to the Russian military-industrial complex, … Read more
By the end of 2025, it is expected to put into operation some 160,000 square meters of new logistics space and the restoration of about 120,000 square meters affected by shelling in 2022 in the capital region, CBRE Ukraine managing partner Radomyr Tsurkan said during the architectural and construction business forum “Restoration of the country. … Read more