The Regional Gas Company (RGC) has connected the first biomethane plant in Ukraine to its networks, the company reported on April 12. The plant will produce about 3 million cubic meters of gas per year – enough to meet the demand of about 1,500 customers, both households and industry. Work on connecting the plant was … Read more
Ukraine’s first biomethane plant was connected to the gas transmission network. The Ministry of Agrarian Policy reports that it is already supplying gas to consumers. The Ministry of Agriculture says that the biomethane and biogas industry development will make it possible to abandon the import of gas, which will contribute to the country’s energy security … Read more
The Verkhovna Rada, Ukraine’s parliament, passed bill No. 9107-1 at first reading on April 11, which lays down the grounds to nationalize the Russian-owned Sense Bank – former Alfa-Bank Ukraine, according to the parliament’s website. The bill concerns the procedure for the withdrawal of banks owned by sanctioned individuals from the market. The document authorizes the … Read more
Canadian PM Justin Trudeau and his Ukrainian counterpart, Denys Shmyhal, have agreed to expand the existing Canada–Ukraine Free Trade Agreement (CUFTA), further liberalizing the flow of goods, services, and investments between the two countries, Shmyhal said in a Telegram post on April 11. The modernized CUFTA will boost Ukraine-Canada trade and create “unique opportunities for … Read more
Ukraine would produce equipment for humanitarian demining, says Oleksandr Kamyshin, Ukraine’s Minister of Strategic Industry. Minister Kamyshin noted on his Telegram channel that the government had launched an updated state policy on humanitarian demining. Within this program, the Ministry of Strategy and Industry is responsible for launching the local production of machinery and equipment for … Read more
Ukraine has immense recovery and reconstruction needs, and the World Bank estimates that there is an additional $11 billion funding gap in 2023 for critical expenditures, World Bank Group President David Malpass said on April 10. While opening the annual Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group in Washington D.C., Malpass … Read more
The Ukrainian parliament has voted to free imports of security- and defense-related goods from VAT and customs duties, Deputy Chairman of the Parliamentary Finance Committee, Yaroslav Zheleznyak, said in a Telegram post on April 10. The two bills in question, № 9061 and № 9062, include lifting VAT on goods meant for the Ministry of Defense, the … Read more
While consumer price index continues to climb, particularly when it comes to food items, annualized inflation rate in Ukraine has decelerated to 21.3%, the State Statistics Service said in a report published on April 10. In March 2023, consumer price growth in Ukraine accelerated to 1.5%, up from 0.7% in February, while annualized inflation rate … Read more
The Norwegian Refugee Council (NRC) has launched a program to support business owners who have relocated from areas of active hostilities to Ukraine’s western Lviv or Ternopil regions. The Ministry for Reintegration of the Temporarily Occupied Territories of Ukraine reports that the NRC plans to support with small grants and technical support 50 business owners … Read more
Ukrainian oil company Ukrnafta to drill five more wells in western regions in 2023. It exceeds the previous plans to establish three wells, Serhii Koretsky, the company’s CEO, says. “The first well, with a depth of 2,213 meters, will be an exploratory well. It should reveal promising deposits of three horizons. The expected flow rate … Read more