Energy holding DTEK plans to become a player in the Ukrainian oil market and is starting oil production in Poltava region, its CEO Maksym Timchenko said at a press conference on Wednesday. “The first oil well will be drilled before the end of this month in Poltava region. This is new for us. The first time our … Read more
President of Ukraine Volodymyr Zelenskyy on Monday, October 9, signed decree No. 682/2023, which puts into force the decision of the National Security and Defense Council (NSDC) of Ukraine on financing the defense sector in 2024. The corresponding document was published on the president’s website. According to the text of the NSDC decision, the Cabinet … Read more
With the beginning of autumn, transactions for the purchase of business class apartments with an average price of $2,000 per sq m have become more frequent on the primary real estate market, Daria Bedia, marketing director of the DIM group of companies, told the Interfax-Ukraine agency. “According to our analysts’ research, business class now accounts … Read more
NPC Ukrenergo plans to pay off its debts on compensation of feed-in tariffs to owners of home solar power plants by the end of the year, the chairman of the company’s board, Volodymyr Kudrytsky, has said. “Our debts on the so-called roofing solar power plants (home solar power plants) in September decreased from UAH 4.2 … Read more
Ukraine’s Nova Poshta (Nova Post) Group of Companies has opened its first Nova Post branch in Slovakia, in the capital Bratislava. The first Nova Post branch was launched in Bratislava, at the address Dunajská 7495/14. Clients can receive documents, parcels and cargo up to 100 kg from Ukraine. The branch works every day. “Our main … Read more
The tobacco concern Philip Morris International (PMI), whose share of the Ukrainian market fell by half from 28.5% due to the full-scale invasion of Russia, has now been able to restore it to 24%, the Managing Director of Philip Morris in Ukraine Maksym Barabash said in an interview with Interfax-Ukraine. “After the outbreak of the … Read more
Over 80% of Ukrainian businesses have remained in their regions despite significant changes in the economic geography of Ukraine. This is stated in the research of the Center for Economic Recovery (CER) «Impact of the war on the economy of Ukraine: sectoral, regional and social aspects». 16.4% of enterprises were relocated (2.2% of them abroad). Another 3.3% … Read more
The International Monetary Fund (IMF) supports the decision of the National Bank of Ukraine (NBU) from October 3 to move from the hryvnia fixed exchange rate regime to its managed flexibility regime and believes that this will further support the economic stability and the foreign exchange market, deputy head of the IMF mission in Ukraine … Read more
Ukraine increased meat exports 10% from January through September compared to the same period last year, reported the press service of the Ministry of Agrarian Policy and Food. “Ukraine has all the prerequisites for the effective development of the meat industry and the realization of export potential. Over the nine months of 2023, the growth … Read more
The International Monetary Fund (IMF) continues to expect the restructuring of its external commercial debt, mainly represented by eurobond debt, and sees its role in developing the macro framework that such restructuring should comply with, said IMF Mission Chief for Ukraine Gavin Gray. In general terms, the goal should be to implement restructuring that is … Read more