Ukraine will take into account all military risks while rebuilding its energy industry, Energy Minister German Galushchenko has said. “Undoubtedly, now the key point in any reconstruction of our energy system will be the question of military risks for the system. There are already developments. They are already being implemented. We will create an energy…
Ukrainian business has shown so much adaptability that the GDP drop until the end of the year will make 32%, and not 50%, as predicted after the beginning of the full-scale invasion, the First Deputy Prime Minister – Minister of Economy of Ukraine Yuliia Svyrydenko has declared. “By the results of 2022, we have much…
During New Year’s holidays, Russia may try to deal a significant blow to Ukraine’s power system. If no new damage is incurred to the grid, Ukrainians will be able to enjoy a few days without blackouts. This was announced by Minister of Energy of Ukraine German Galushchenko, who spoke on national television. “The Russians have…
Support for Ukraine’s energy sector from international partners has reached almost $1.5 billion. Prime Minister Denys Shmyhal said this in a post on Facebook, summing up the results of the past week. “Assistance to the energy sector from partners is gaining momentum. We have almost $1.5 billion in declared support. Additional equipment is arriving every…
The shelling of energy infrastructure will have no significant impact on consumer price dynamics, but the shift of businesses to power generators could cause inflation to increase by 1-2% in 2023. Yuliya Svyridenko, First Deputy Prime Minister and Minister of Economy of Ukraine, touched upon the issue at a briefing on December 22. “Persistent power…
Ukrainian President Volodymyr Zelensky said that following his visit to the United States, new agreements were reached regarding assistance to the Ukrainian energy industry. He said this in a new video address, commenting on the results of his visit to the United States of America. In particular, Zelensky recalled that December 22 was the professional…
A bill is being prepared in Poland aimed to provide for reinsurance of risks of enterprises with Polish capital registered in Ukraine in the areas of contracts and investments. Reinsurance will be provided by a Polish state Insurance Corporation (KUKE) for a long-term period (2 years or more). It is also planned to introduce reinsurance…