The liquidity of the banking system of Ukraine is sufficient for the Ministry of Finance to ensure refinancing of payments on government domestic loan bonds (rollover), however, acceptable rates of return are a condition for it, Deputy Governor of the National Bank of Ukraine (NBU) Yuriy Heletiy has said. “We see enough liquidity in the … Read more
The total value of all Ukrainian startups is estimated at €23.3 billion as of November 2022. Last year this number was higher at €27.1B, according to a study of the startup market and venture capital by Dealroom.co, Google for Startups, and Atomico. The study’s results also showed that the main share of venture capital is … Read more
NJSC Naftogaz Ukrainy plans to increase gas production in 2023 by at least 5% under a combination of several conditions, head of the company Yuriy Vitrenko said. “In the west of the country … we are increasing production. At the same time, we have de-occupied areas in Kharkiv region. If there are no military losses, … Read more
Ukraine is starting to join the Organisation for Economic Co-operation and Development (OECD), President of Ukraine Volodymyr Zelensky said in a video message on Wednesday. “This is one of the most prestigious global organisations, uniting 38 strongest states. These are democracies, these are market economies, and these are a large part of the global economic … Read more
NJSC Naftogaz Ukrainy plans to start testing the possibilities of storing hydrogen in underground gas storage (UGS) facilities in the near future, Roman Kokhtiuk, chief engineer of JSC Ukrtransgaz, has said. “We are working on this project. Ukrtransgaz has a number of memorandums with European underground gas storage operators, which have been moving in this … Read more
On September 29, the REBUILDING UKRAINE WITH THE PRIVATE SECTOR: International Investment Fair took place. Gathering more than 1,500 business community representatives from 63 countries, the conference served as an interactive platform for informing potential investors about opportunities in Ukraine. During the event, 11 investment projects with a high degree of readiness in the fields … Read more
On September 27, the Cabinet of Ministers approved resolutions that will allow Ukraine to join the Conventions on the common transit procedure. It was reported by the press service of the Ministry of Finance. It should be noted that the joint transit procedure simplifies formalities in trade in goods, in other words, a “customs visa-free … Read more
President of Ukraine Volodymyr Zelensky signed law No. 7668-d on the return of excise taxes on motor fuel. According to data on the website of the Verkhovna Rada, the law was sent to the president for signature on September 26, and returned with a signature on September 28. As reported, in March 2022, the parliament, … Read more
The damage caused to Ukraine by the russian war has already exceeded the GDP of our country by 1.6 times. Prime Minister Denys Shmyhal said this at a conference call with the RMA heads. “The situation with losses is recorded as of June. According to this report, the need for funds is 349 billion dollars, … Read more
The International Finance Corporation (IFC) allocated 30 million dollars for investments in Ukraine and Moldova. This was reported by the press service of Ukraine’s Ministry of Economy. IFC is part of the structure of the World Bank. The ministry noted that the funds would be directed through a trust fund with 200 million dollars. It … Read more