Kyiv will not enter into negotiations with Moscow to renew the gas transit contract to Europe expiring in 2024, said Ukrainian gas transit system (GTS) operator official, Andriy Prokofiev. “Ukraine will not offer any capacities for auctions,” Prokofiev stated at the Flame conference, signaling a firm stance against continuing the existing arrangement. The European model for … Read more
Russia has destroyed or severely damaged 50 million square meters of housing in Ukraine during its full-scale aggression, the Ukrainian news outlet Economichna Pravda reported on April 22, citing the chair of the ruling Servant of the People party, Olena Shulyak. More than 640,000 cases of damage or destruction of housing have been reported so … Read more
Ukrainian banks have stopped shrinking their branch networks, which was caused by the full-scale invasion and temporary occupation of the territories, the National Bank of Ukraine reported on Telegram on April 22. This trend has been consolidated, as the number of branches has not changed significantly for more than a year. The largest number of … Read more
The German company MC-Bauchemie plans to invest in expanding the production of dry building mixes in Berezan, Kyiv Oblast, said Artem Pryymachenko, director of MC-Bauchemie Ukraine. The estimated investment will amount to 1.5 million euros ($1.6 million). MC-Bauchemie will invest its own funds in the project, according to Pryymachenko. “We intend to build a new … Read more
Ukraine’s military spending in 2023 due to the hostilities increased by 51% to $64.8 billion, or 34% of GDP. Thanks to this, it rose from 11th place to 8th in the world ranking in nominal terms, according to a report published on Monday by the Stockholm International Peace Research Institute (SIPRI). According to the ratio … Read more
Ukraine’s largest private energy company, DTEK, announced on April 22 that it requires $350 million to recover the lost capacity caused by Russia’s attacks on thermal power plants. The company’s Executive Director, Dmytro Sakharuk, said that Ukraine is anticipating electricity shortages during peak periods in summer and winter due to the loss of eight gigawatts … Read more
The U.S. House of Representatives on April 20 passed a key foreign aid package for Ukraine, Israel, and other allies after months of political infighting and a deteriorating situation on the battlefield. Over two months have passed since the Senate passed a similar bill on foreign assistance, and Democratic and Republican lawmakers, along with U.S. … Read more
President Volodymyr Zelensky signed on April 20 a decree on counteracting the negative effects of online gambling, which proposes to ban it for the military until the end of martial law. Zelensky supported the National Security and Defense Council’s decision after he had announced that the government was preparing to tighten control over the online … Read more
The network of structural divisions of Ukrainian banks, which for the first time since the beginning of the war grew by 40 divisions in the fourth quarter of 2023, lost 30 points in the first quarter of 2024, shrinking to 5,108 divisions. According to information published by the National Bank (NBU), this result is mainly … Read more
The network of structural divisions of Ukrainian banks, which for the first time since the beginning of the war grew by 40 divisions in the fourth quarter of 2023, lost 30 points in the first quarter of 2024, shrinking to 5,108 divisions. According to information published by the National Bank (NBU), this result is mainly … Read more