The state enterprise Energoatom has completed preparations for the complete transfer of power units of Ukrainian nuclear power plants to American Westinghouse nuclear fuel. “Since February 2022, we have accelerated the process of transferring all reactors of domestic nuclear power plants to American fuel. Currently, all the necessary work has been almost completed. This is … Read more
PJSC Ukrnafta has extended the deadline for searching for partners for joint development of oil and gas fields until March 1, 2024. “Taking into account the fact that not all potential partners had time to familiarize themselves in detail with the capabilities of 21 fields (10 fields are located in the west and 11 in … Read more
The tasks of the Ministry of Finance of Ukraine in the upcoming negotiations in 2024 on the next restructuring of commercial debt are to avoid default and create opportunities to return to the market starting in 2025-2026, Minister Serhiy Marchenko said on “Business Breakfeast with Volodymyr Fedorin” YouTube channel on Wednesday. “Our key task is: … Read more
The Ministry of Digital Transformation has begun closed beta testing of the uResidency e-residency program, with the help of which foreigners can register a private entrepreneur (PE) in Ukraine from anywhere in the world, Deputy Prime Minister for Innovation, Development of Education, Science and Technology, Minister of Digital Transformation Mykhailo Fedorov has said. “At uResidency, … Read more
D.Trading, a Ukrainian energy trading company owned by Ukraine’s richest man, Rinat Akhmetov, has entered the grain trading sector. “The first thousand tons were shipped to a customer,” Dmytro Malyar, D.Trading’s general director said on Facebook on Dec. 26. “This marks the initial practical step of the company in a new trading sector.” D.Trading has … Read more
Ukrposhta, together with Estonian National Post Omniva, Slovak Interport and Ukrzaliznytsia, for the first time since 2002, carried out the first delivery of international parcels to Ukraine by rail, the press service of the postal operator reported on Tuesday. “In the first test delivery by rail, Omniva and Ukrposhta jointly delivered three wagons with almost … Read more
Most members of the monetary policy committee of the National Bank of Ukraine (NBU) see the possibility of lowering the refinancing rate by 1-2 percentage points (p.p.) during 2024 from the current 15%, but several of their colleagues believe that it is advisable to keep the rate at the existing level, the central bank published … Read more
Ukrnafta launched another high-yield well in eastern Ukraine with an initial daily output of over 50 tonnes of oil, the company reported. “The total depth of the new exploration well is 2,919 meters. The initial flow rate is 51.4 tonnes per day of practically anhydrous oil, water cut is 2-3%,” said company director Serhiy Koretsky. … Read more
Ukraine’s Cabinet of Ministers has added three new industrial parks to the register of industrial parks in Ukraine—two in Khmelnytskyi Oblast and one in Lviv Oblast, the Ministry of Economy reported on Dec. 22. “The development of industrial parks is very important in the context of the recovery and further growth of the Ukrainian economy,” … Read more
The Cabinet of Ministers of Ukraine has banned the privatization of state and municipal property in the areas affected by active hostilities during the period of martial law and for three months after its end, the Reintegration Ministry reported on Telegram on Dec. 22. The ban amends earlier Cabinet decisions No. 952 of Aug. 23, … Read more