As warmer weather is expected to come to Ukraine this week, the situation of the country’s power system may improve, but deficit periods will emerge in place for a long time, Volodymyr Kudrytskyi, head of NEC Ukrenergo, has declared. “We will long have periods of power shortages, when we will have to apply shutdowns. This…
Since the beginning of the year, 6,724 agricultural enterprises have received UAH 43.2 billion in bank loans for development. Of these, 3,980 farms were financed for UAH 18.3 billion under the Government’s Affordable Loans at 5-7-9 programme. Farmers in the following regions received the largest amount of loans under various programmes: – Kyiv region –…
In April, 7,400 public customers announced procurements through the Prozorro system for a total of UAH 78.5 billion. This was announced by Deputy Minister of Economy of Ukraine Nadiia Bihun. “Despite the full-scale war, the public procurement sector continues to develop dynamically. We have already reached the level of procurement that existed before the full-scale…
Last year, Naftogaz Group’s key enterprises improved their financial results by at least 40% compared to 2022. The relevant statement was made by Naftogaz Group’s press service. “In particular, Ukrgasvydobuvannya JSC generated about UAH 13 billion in net profit in 2023 compared to UAH 2.9 billion in 2022. Ukrnafta PJSC also significantly improved its results,…
The National Bank of Ukraine (NBU) predicts that consumer price growth will moderately accelerate in the coming months as the effects of last year’s higher harvests and this year’s warm weather wear off and businesses’ labor costs rise. This was reported by the central bank’s press service. “In April, the decrease in annual inflation stopped,…
Naftogaz Ukrainy NJSC and Swedfund International AB have signed a Memorandum of Understanding to establish cooperation in projects on the modernization of combined heat and power plants (CHPPs) and renewable energy development in Ukraine. The relevant statement was made by Naftogaz Group’s press service. “According to the document, Swedfund will provide grant financing through its…
NNEGC Energoatom and Korean Hyundai Engineering and Construction Co., Ltd. have agreed to cooperate in the design, construction and commissioning of new nuclear power units in Ukraine. The relevant agreements were signed in the presence of Minister of Energy of Ukraine German Galushchenko and Ambassador Extraordinary and Plenipotentiary of the Republic of Korea to Ukraine…