Electricity transmission system operator Ukrenergo believes there is now little chance of a total blackout in Ukraine due to Russian missile attacks, Chairman of the Board of the company Volodymyr Kudrytskyi said during the telethon program on Dec. 31. “I believe that we have already passed the worst with these missile attacks, I really hope … Read more
The European Bank for Reconstruction and Development approved a financing package for 372 million euros to support Ukrenergo. This is stated in the Bank’s statement. “The European Bank for Reconstruction and Development (EBRD) has approved a financing package that will bring €372 million to support Ukraine’s electricity transmission company, Ukrenergo, to make swift emergency repairs … Read more
The adaptability that Ukrainian business has shown during the full-scale Russian invasion has allowed the country to decrease the predicted fall in GDP from 50% to 32% by the end of the year, Minister of Economic Development and Trade Yulia Svyrydenko said on Ukrainian television on Dec. 27. She noted that continued economic growth depends on the … Read more
Ukraine’s largest banks have created a joint network of branches throughout the country In case of long-term power outages, the National Bank of Ukraine (NBU) announced on Dec. 26. This network encompasses 1,000 branches, uniting 14 banks. The network has been dubbed POWER BANKING. Branches of this network will work and provide banking services to … Read more
More than 1,000 bank branches in all regions of Ukraine are additionally equipped to work during a blackout. This is stated on the website of the National Bank of Ukraine. At the initiative of the National Bank, all systemically essential banks joined together to create a joint banking network – POWER BANKING. This is a … Read more
A McDonald’s restaurant in Bucha that was damaged by Russian invasion forces in March has reopened, the U.S. fast food giant reported on Dec. 24. “For our team, it was extremely important to restore the restaurant as soon as possible in order to support the local community, return regular services and favorite foods, and take … Read more
Ukrzaliznytsia, Ukraine’s national railway operator, has successfully restructured payments for two issues of Eurobonds for a total of $895 million, Ukraine’s Minister of Development of Communities, Territories, and Infrastructure, Oleksandr Kubrakov, wrote on Facebook on Dec. 22. “Today, Ukrzaliznytsia successfully completed the voting procedure of holders for the restructuring of payments for two issues of … Read more
Next year, the Cabinet of Ministers of Ukraine expects to harvest in the controlled territories in the amount of 70-75% of the indicators of 2022, despite the negative factors in the country’s agricultural sector caused by Russian military aggression. The support of international partners will also help Ukraine to harvest, Prime Minister of Ukraine Denys … Read more
Fitch Ratings has downgraded DTEK Energy B.V.’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to ‘Restricted Default’ (RD) from ‘C’ following the execution of the tender offer and the company’s disclosure of the result of its consent solicitation related to changes in the notes’ documentation, the agency said on its website. “We view the … Read more
Since the beginning of the full-scale Russian invasion, Ukraine has supplied 35.8 million tonnes of grains, legumes, oilseeds to foreign markets, the website of the Ministry of Agrarian Policy and Food reported. According to it, in the first half of December 2022, some 3.6 million tonnes of agricultural products were exported from the country, which … Read more