Euroclear, the Belgian depository managing most of Russia’s frozen assets in Western countries, will soon decide how to use income from these assets to support Ukraine, according to Euroclear Executive Director Valérie Urbain, as reported by L’Echo on May 7. “Talks with the European Commission about this exceptional ‘windfall contribution’ are in advanced stages,” Urbain … Read more
The net consolidated profit of Naftogaz Group in 2023 amounted to UAH 23.1 billion against a loss of UAH 79.1 billion a year earlier, according to consolidated financial statements verified by an international independent auditor and approved by the company’s supervisory board on May 3, 2024. “It is planned that the absolute majority of the … Read more
The indicator of business confidence in the Ukrainian construction market for the second quarter of 2024 decreased by 1.1 percentage points (p.p.) compared to the first quarter, to 40.9% less, the State Statistics Service of Ukraine said. At the same time, according to the department, the indicator of business expectations for the second quarter of … Read more
After the opening of maritime exports in 2023, the Metinvest mining and metallurgical group started to increase the workload of enterprises and did not reduce staff, director for sustainable development and interaction with personnel Tetiana Petruk said in an interview with dsnews.ua. “The worst year in the entire history of Metinvest was 2022. After the … Read more
The reduction of the key policy rate from 14.5% to 13.5% at the meeting of the Monetary Policy Committee (MPC) of the National Bank of Ukraine on April 24 was supported by eight of its members, while three suggested lowering it to 13%, according to the NBU’s published results of the MPC members’ discussion on … Read more
The National Bank of Ukraine (NBU), previously incorporating into the baseline macroeconomic forecast certain timelines for “significant improvement in security,” has abandoned such an approach. However, instead, it published an alternative scenario in its April Inflation Report, the main difference of which is a slower economic growth in 2025 with a larger budget deficit, depreciation … Read more
In 2023, total revenue of top 10 energy companies in Ukraine amounted to $18.8 billion, which is 8% more than revenue of these companies in 2022, reported Opendatabot index on April 29. According to Opendatabot Index, half of top companies in energy sector are state-owned, while four more belong to SCM Group owned by Rinat … Read more
The German arms manufacturer Rheinmetall will supply Ukraine with “hundreds of thousands” of shells in 2024, including prototypes of artillery shells with a range of 100 kilometers, Rheinmetall CEO Armin Papperger said on May 5, as reported by the German outlet Handelsblatt. As Russia intensifies aerial attacks on Ukrainian cities and gains footholds along Ukraine’s … Read more
The National Bank of Ukraine (NBU) announced on May 3 that it was implementing the largest set of currency liberalization measures since the beginning of the full-scale war. The measures are aimed at decreasing restrictions on businesses and currency controls. Ukraine implemented strict controls over its currency and tightly regulated foreign exchanges in 2022, hoping … Read more
Ukrainian Minister of Energy Herman Haluschenko considers the possibility of opening coal exports due to the complete shutdown of PJSC Centrenergo, the main client of state-owned coal mining enterprises, because of the destruction and occupation of its thermal power plants. “We are considering the question of exports. I think we will resolve it. There is … Read more