The European Commission has proposed extending temporary protection for Ukrainians who fled to the EU because of Russia’s military aggression for another year, from March 5, 2025, to March 4, 2026, according to the European Commission’s website. “Given continued Russian attacks on the civil and critical infrastructure across Ukraine, safe and durable conditions for the … Read more
PJSC Ukrnafta transferred UAH 3.5 billion in dividends to NJSC Naftogaz Ukrainy based on operating results for 2023, the company’s press service reported on Tuesday. Taking into account the previously transferred dividends for last year, the company paid a total of about UAH 8 billion under this item to another shareholder in the person of … Read more
Ukraine appeals to European partners with a request to maximally facilitate the increase in electricity imports to 2.3 GW from 1.7 GW today, said First Deputy Prime Minister – Minister of Economy Yulia Svyrydenko “We need a political and technical solution to increase electricity imports to 2.3 GW,” she said at the Ukraine Recovery Conference … Read more
The National Bank, together with the adoption of the Lending Development Strategy, updated the minimum requirements for capital adequacy standards for banks under a new (three-tier) structure, and from August 5, 2024, banks must comply with the standards: fixed capital adequacy level 1 – at the level of 5.625%, tier 1 capital adequacy – 7.5% … Read more
The Ukrainian defense tech startup Buntar Aerospace has raised $200,000 in investments from the co-founders of Uklon — Dmytro Dubrovskyi, Serhiy Smus, Viktoriia Dubrovska, and Vitaliy Diatlenko. The fund’s first investment was in Buntar Aerospace, a Ukrainian startup developing reconnaissance UAVs with vertical take-off and landing capabilities. Founded in August 2023, by Ivan Kaunov, Kateryna … Read more
Russian attacks on Ukrainian oil storage facilities and oil refining infrastructure facilities will not negatively affect the operation of the domestic fuel market. “In operational terms, these attacks do not produce any results – there was and will be fuel. Today this is one of the few points of support,” Director of the A-95 consulting … Read more
The first joint production plant of the German arms manufacturer Rheinmetall and the Ukrainian state-owned enterprise Ukroboronprom in Ukraine became operational, Strategic Industries Minister Alexander Kamyshin announced on June 10. The news came as Kyiv aims to localize weapons production in 2024. Rheinmetall previously said it plans to open at least four production plants in … Read more
The parent company of the largest mobile operator in Ukraine, Kyivstar, VEON, on the eve of the recovery conference in Berlin, announced an increase in investment in Ukraine from the current $600 million to $1 billion over five years. “VEON, through its 100%-owned subsidiary Kyivstar, plans to increase its commitment to rebuild Ukraine’s digital infrastructure … Read more
The growth of consumer prices in Ukraine in May 2024 accelerated to 0.6% from 0.2% in April, 0.5% in March, 0.3% in February and 0.4% in January, the State Statistics Service reported. The statistics agency recalled that in May 2023 the price increase was 0.5%, therefore, in annual terms, inflation in May of this year … Read more
NPC Ukrenergo will attract EUR 30.4 million in a loan from the German state bank KfW as part of the Improvement of the Efficiency of Electricity Transmission IV (integration of the Ukrainian Integrated Power System into the European grid) project. The National Energy and Utilities Regulatory Commission of Ukraine (NEURC), at a meeting on Friday, … Read more