Ukraine stops exporting electricity due to russian missile attacks on energy facilities. The Ministry of Energy of Ukraine states this. “russia continues to carry out energy terror against Ukraine and also increases energy pressure on the European Union. Ukrainian electricity, which we exported after synchronization to the EU and via separate lines to Moldova and … Read more
The growth of consumer prices in Ukraine in September 2022 accelerated to 1.9% from 1.1% in August and 0.7% in July, the State Statistics Service reported on Monday. In September last year, inflation of 1.3% was recorded, so in annual terms, in September this year, it rose to 24.6% from 23.8% in August, 22.2% in … 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
The World Bank has raised its forecast for the growth of Ukraine’s gross domestic product in 2023 from 2.1% to 3.3%, according to the Economic Update published on Tuesday. According to the report, the assessment of the economy this year has also been improved: if in June the World Bank expected a fall of 45.1% … 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
In August, Ukrainian exports to the countries of the European Union almost reached the pre-war level. This was announced by Deputy Minister of Economy – Trade Representative of Ukraine Taras Kachka on the air of the national telethon. In addition, he added that according to the results of the 1st-3rd quarter, it would even exceed … 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