PJSC Ukrnafta, the second or third largest gas producer in Ukraine, has made a strategic decision to build gas generation, and for this purpose has already started to attract partners, Ukrnafta Director Serhiy Koretsky said at the Ukraine Recovery Conference in Berlin (URC2024). “At the first stage, it will be about 1 GW. For this … Read more
Ukraine’s wheat exports in the marketing year 2024-2025 are expected to amount to 13 million metric tons, the lowest figure in the past decade, the U.S. Agriculture Department said in its June report. The authors linked this development to a drop in production and to Russia’s disruption of Black Sea shipping lanes, which have traditionally … Read more
The National Bank of Ukraine decided to reduce the discount rate by half a percentage point to 13.0% starting on June 14, the regulator announced on Thursday. The lower rate is intended to support the recovery of the economy, but such a modest reduction is related to expectations of an acceleration of inflation in the … Read more
Google has announced the first 2024 recipients of the fund to support Ukrainian startups in Ukraine, which provides a total of $10 million in funding. In addition to grants of up to $100,000, selected startups receive Google Cloud credits, as well as mentoring support from Google. The first startups that will receive grants in 2024: … Read more
The Council of the European Union on Thursday adopted the final decision regarding the revision of plans for the development of the Trans-European Transport Network TEN-T. They provide for the extension of four transport corridors to Ukraine and Moldova and a reduction in the level of cross-border connections with Russia and Belarus, the press service … Read more
The Ukraine Recovery Conference held on June 11-12 in Berlin initiated projects totaling over €16 billion, according to the Ministry of Economy of Ukraine. First Deputy Prime Minister and Minister of Economy Yuliia Svyrydenko, who led the government delegation at the conference, stated that the event served as a platform for aligning visions for Ukraine’s … Read more
Kyivteploenergo will purchase 15 cogeneration units with a total capacity of more than 60 MW, following an auction held in the Prozorro system on June 10. Nine 4.5 MW and six 3.3 MW plants were the focus of the procurement. Slovakian company KTS Engineering won the tender, offering the lowest price of UAH 1.125 billion … Read more
The European Investment Bank (EIB) has approved funding for the 112 emergency response system, railway upgrades, and metro modernization in Kyiv, EIB President Nadia Calviño said in an exclusive interview with Interfax-Ukraine. In addition to the agreements the EIB and Ukraine signed in Berlin, the EIB has also approved several important projects, Calviño said following … Read more
In 2025, Dragon Capital Investments Limited beneficiary Tomas Fiala will begin construction of a new plant for production of Truskavetska mineral water in Lviv region with a capacity of 1 million per day, which will allow the Truskavetska brand to get closer to the capacity of the market leader Morshynska and to get ahead Karpatska … Read more
The European Investment Bank (EIB) Group is working on creating a pan-European export credit guarantee mechanism worth EUR 300 million for small and medium-sized companies in the EU exporting goods or services to Ukraine, EIB President Nadia Calviño said in an exclusive interview with Interfax-Ukraine. She said following the Ukraine Recovery Conference in Berlin on … Read more