Ukraine: EC notes progress in energy sector development

Thanks to the resilience of critical energy infrastructure in the face of Russian attacks, Ukraine’s economy is recovering and the transformation of the energy industry, despite the ongoing war and colossal destruction, remains successful. That’s according to the assessment noted in the European Commission report on Ukraine’s progress in fulfilling criteria for the EU membership,…

Poland: MPC keeps interest rates at 5.75%

Poland’s Monetary Policy Council (MPC), the Central Bank’s rate-setting body, has kept interest rates unchanged. The reference rate remained at 5.75%, the lombard rate at 6.25%, the deposit rate remained at 5.25%, the rediscount rate at 5.8% and the discount rate at 5.85%, the MPC announced after its sitting on November 7-8. Analysts expected MPC…

Ukraine: cooperation with USA in transport sector deepening

The team of the Ministry for Communities, Territories and Infrastructure Development met with U.S. Secretary of Transportation Pete Buttigieg. The parties discussed the main areas of cooperation in the development of Ukrainian infrastructure. “Today’s meeting is another step towards the implementation of many important initiatives for Ukraine. In particular, strengthening export capacity, which is a…

Ukraine: Poltava produces 88,000 tons of sugar

The sugar-refining season continues in Poltava region, the Poltava Regonal Military Administration reports. This year, 28.7 thousand hectares of sugar beet were sown in the region, 11.5% of the total area of this crop in Ukraine. Currently, 15.8 thousand hectares of sugar beets have been harvested (55% of the plan), 728.4 thousand tons have been…