Germany is considering the possibility of joint implementation of hydrogen production and transportation projects with Ukraine. The Minister of Energy of Ukraine, Herman Halushchenko, discussed this with the state secretary for financial market policy and European policy of Germany, Jörg Kukis, during a meeting, the press service of the Ministry of Energy reports. “There is a … Read more
The Executive Board of the International Monetary Fund (IMF) has approved a four-year $15.6 billion financing program for Ukraine, which will allow Kyiv to meet its urgent financing needs amid Russia’s full-scale invasion, Reuters reported on March 31. Ukrainian PM Denys Shmyhal said that the country will receive the first tranche of more than $2.7 … Read more
Ukrainian airspace, which was closed on Feb. 24, 2022, will not return to “normal” routing until at least 2029, the European Organisation for the Safety of Air Navigation, or Eurocontrol, said in its forecast update for 2023-2029 as of March 31. Restrictions on the airspaces of Russia, Belarus and Moldova remain in place for 2023-2029, as well. … Read more
Google Corporation, as part of the Startup Support Fund in Ukraine, doubled funding for Ukrainian companies in 2022 by providing $10 million, Head of Google for Startups, CEE Michał Kramarz said at the Tech Emerging Europe Advocates – Meeting 2023 in Warsaw. He said that Ukrainian startups supported by the fund received $10 million in … Read more
The National Agency on Corruption Prevention (NAZK) has added the largest Chinese construction contractor in the Russian Federation, China State Construction Engineering Corporation (CSCEC), to the list of international sponsors of the war, the agency wrote on its website on March 30. NAZK said that CSCEC is implementing large investment projects in Russia. Its subsidiary, Kitaystroy, is … Read more
The harvest of grain and oilseeds in Ukraine in 2023 is expected to reach 65 million tonnes compared to 70 million tonnes in 2022, said First Deputy Prime Minister – Economy Minister Yulia Svyrydenko. “We plan to harvest 65 million tonnes of crops this year,” she said at the Business Dialogues organized by the NV … Read more
Ukraine plans to reinstate pre-war taxes, documentary tax audits, and fines from July 2023, the head of the parliamentary committee on finance, tax, and customs policy, Danylo Hetmantsev, said on Ukrainian national television on March 29, news agency Ukrinform reported. Hetmantsev said that on average, the state collects about UAH 80 billion ($3 billion)in taxes and fees … Read more
The State Property Fund of Ukraine (SPFU) plans to privatize assets confiscated from their Russian stakeholders in Q2 or Q3 2023, SPFU head Rustem Umerov said in an interview with Forbes Ukraine on March 29. The Mykolayiv Alumina Plant, previously owned by Russian businessman Oleg Deripaska, as well as a share of the Ocean Plaza shopping mall … Read more
Members of the Monetary Policy Committee (MPC) of the National Bank of Ukraine (NBU) at a meeting on March 15 refused to tighten reserve requirements (RR) for corporate deposits, in particular, to equate the required reserve requirements for corporate deposits that have up to three months’ maturity to the requirements for corporate funds accumulated on … Read more
The Ministry for Communities, Territories, and Infrastructure of Ukraine is already working on a strategy for developing aviation infrastructure. The Deputy Minister for Communities, Territories, and Infrastructure, Serhiy Derkach, announced this in a Rise Ukraine podcast on reconstruction. With the beginning of the full-scale invasion of russia, flights of civil aircraft over the airspace of … Read more