Economy

Second tranche of more than EUR 550 mln from EIB to arrive in near future – Shmyhal

Second tranche of more than EUR 550 mln from EIB to arrive in near future – Shmyhal

The second tranche of more than EUR 550 million from the European Investment Bank (EIB) will arrive in Ukraine in the near future, Prime Minister Denys Shmyhal said. “We had a meeting with EIB Vice President Teresa Czerwińska and the bank’s team. We discussed strengthening cooperation and assistance to Ukraine. I thanked for the allocation …

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Over 20 companies to represent Ukraine at Expo Real

Over 20 companies to represent Ukraine at Expo Real

Ukraine will be represented by more than 20 companies at the largest European real estate exhibition Expo Real, which will be held in Munich from October 4 to October 6 2022, Anna Nestulia, director of Invest in Projects, told Interfax-Ukraine. She recalled that this year Ukraine for the first time takes part in Expo Real, the largest European real estate exhibition covering all …

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UNDP implementing new program in Ukraine to restore country's energy sector

UNDP implementing new program in Ukraine to restore country’s energy sector

The Ministry of Energy of Ukraine and UNDP have agreed that work to support the country’s energy sector will be strengthened under the new Ukraine Energy Sector Recovery and Resilience-Building Program. The Ministry of Energy reported this following a meeting of Ukraine’s Deputy Minister of Energy for European Integration Yaroslav Demchenkov with Deputy Director of …

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Ukraine receives 11 cargoes of energy equipment weighing 196 tonnes from Sweden

Ukraine receives 11 cargoes of energy equipment weighing 196 tonnes from Sweden

Ukraine has already received 11 cargoes of power equipment with a total weight of 196.3 tonnes from 11 donors from Sweden, the Ministry of Energy of Ukraine reported on its website. “Among the equipment, in particular, there are 25 power transformers, 30 gel batteries, a diesel generator,” the statement said. The ministry said that on …

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Ukraine receives EUR500 mln from EU to reduce vulnerability, improve Ukraine's food security – Varhelyi

Ukraine receives EUR500 mln from EU to reduce vulnerability, improve Ukraine’s food security – Varhelyi

European Commissioner for Neighbourhood and Enlargement Oliver Varhelyi says that Ukraine has received EUR500 million of budget support from the European Union to reduce vulnerability and improve Ukraine’s food security. At a press conference in Kyiv, following a meeting with Deputy Prime Minister for European and Euro-Atlantic Integration of Ukraine Olha Stefanishyna, he said he …

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Zelensky signs law on return of excise tax on motor fuel

Zelensky signs law on return of excise tax on motor fuel

 President of Ukraine Volodymyr Zelensky signed law No. 7668-d on the return of excise taxes on motor fuel. According to data on the website of the Verkhovna Rada, the law was sent to the president for signature on September 26, and returned with a signature on September 28. As reported, in March 2022, the parliament, …

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BES recommends including in sanctions list 23 legal entities associated with Russia, Belarus with assets of over UAH 1 bln

BES recommends including in sanctions list 23 legal entities associated with Russia, Belarus with assets of over UAH 1 bln

The Bureau of Economic Security (BES) of Ukraine has identified and agreed with the relevant state authorities 23 legal entities associated with Russia and Belarus (including through offshore companies), which it recommends to include in the sanctions list, the press service of the department reports. “The predetermined value of the assets of the companies included …

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Launch of Baltic Pipe gas pipeline gives Ukraine extra opportunities – Energy Minister

Launch of Baltic Pipe gas pipeline gives Ukraine extra opportunities – Energy Minister

The launch of the Baltic Pipe gas pipeline connecting Norwegian gas fields through Denmark with Poland allows the latter to diversify natural gas supplies and strengthen its energy security, and Ukraine to increase the reliability of gas supply, Ukrainian Energy Minister Herman Haluschenko has said. “At the same time, the launch of Baltic Pipe is …

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Zelensky welcomes creation of Horizon Capital Growth Fund for investments in Ukraine

Zelensky welcomes creation of Horizon Capital Growth Fund for investments in Ukraine

President of Ukraine Volodymyr Zelensky welcomed the creation of Horizon Capital Growth Fund IV to invest in Ukraine and support Ukrainian visionary entrepreneurs. In his video message, the head of state noted that Ukraine’s struggle for its freedom is not only at the forefront, the resilience of the Ukrainian Armed Forces allows other fronts to …

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Nova Poshta starts preparations for high season of sales, seeking carriers with trucks

Nova Poshta starts preparations for high season of sales, seeking carriers with trucks

 Nova Poshta is starting preparations for the high season of sales for the New Year and is inviting carriers with trucks to cooperate, predicting a 35-40% increase in shipments this year compared to summer, the company’s press service reported on Monday. “This is not a temporary partnership. All new partners continue to work with us …

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Alfa-Bank Ukraine proposes extra capitalization for $1 bln as 'perpetual subordinated loan'

Alfa-Bank Ukraine proposes extra capitalization for $1 bln as ‘perpetual subordinated loan’

Alfa-Bank Ukraine’s additional capitalization for $1 billion at the expense of shareholders who fell under European sanctions is proposed to be carried out in the form of a “perpetual subordinated loan”, Roman Shpek, the head of the bank’s supervisory board, said. “There was no ‘perpetual subordinated loan’ instrument in the country. This money is in …

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NBU says latest fluctuations in cash forex market are temporary

NBU says latest fluctuations in cash forex market are temporary

The current fluctuations in the foreign exchange market are primarily due to the psychological factor and the speculative behavior of individual players in the market against the background of the announcement of mobilization in the Russian Federation, NBU Deputy Governor Yuriy Heletiy said in a comment to Interfax-Ukraine on Thursday. “We have repeatedly, in particular …

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IFC, EBRD to invest $80 mln in Horizon Capital's new fund

IFC, EBRD to invest $80 mln in Horizon Capital’s new fund

The International Finance Corporation (IFC) from the World Bank Group will enter the capital of a new fund managed by Horizon Capital – Horizon Capital Growth Fund IV (HCGF IV) with an equity commitment of $30 million, and the European Bank for Reconstruction and Development (EBRD) with an equity commitment of $50 million. According to …

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