The Ministry of Finance has projected a significant increase in the state debt over the period from 2025 to 2028, estimating a rise of about 1.7 times. According to the Draft Strategy for State Debt Management for this period, the ratio of state debt to GDP is expected to grow steadily, reaching 27.7% until the…
Between 2022 and 2024, Ukraine has commissioned over 860 MW of new renewable energy capacities. This was announced by Deputy Minister of Energy Mykola Kolisnyk during the Energy Freedom by Energy Club online meeting. Kolisnyk highlighted that a significant portion of renewable generation remained located in territories currently occupied by Russia. He emphasized that the…
The Ministry of Finance has decided to abandon the proposed tax on subsoil resources, according to Acting Deputy Prime Minister and Minister of Finance Lyudmila Petkova. During a parliamentary blitz control, Petkova explained that the Minister of Energy would increase concession fees to compensate, at least partially, for the anticipated revenue loss. Additionally, a one-time…
“Inter IKEA Group”, which includes Sweden’s “IKEA of Sweden”, has acquired furniture retailer “IKEA” retailers in Baltic States. The deal includes three full-size “IKEA” stores in Riga, Vilnius and Tallinn, five small customer service locations in the Baltic States, as well as an e-commerce and digital retail development company. The company does not reveal the…
During a hearing, Acting Energy Minister Vladimir Malinov indicated that electricity prices might increase during the current heating season. He refrained from making a precise forecast but emphasized the expected rise in consumption. According to Malinov, the electricity regime in Bulgaria remains secure, but the increased demand during the winter months could surpass the levels…
Ukraine and Germany are deepening cooperation in implementing business and human capital support programmes in Ukraine. This was discussed during a meeting between First Deputy Prime Minister and Minister of Economy of Ukraine Yuliia Svyrydenko and German Federal Minister for Economic Cooperation and Development Svenja Schulze. During the meeting, the parties stressed the importance of…