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…
The Georgian Government has sent 25 high-power generators to Ukraine by order of the Georgian Prime Minister Irakli Garibashvili, the Economy Ministry has announced, noting the Government continues to “actively” support Ukrainian people. The generators, with a total value of GEL 1.5 million (about $565,000), were purchased by the Georgian State Electrosystem operating under the…
In cooperation with Ukrgasbank JSC, the Business Development Fund (BDF) will finance the investments of small and medium-sized enterprises (SMEs) in energy saving and energy efficiency. The relevant statement was made by the Ukrainian Finance Ministry. On December 21, the Business Development Fund and Ukrgasbank JSC signed a credit agreement worth UAH 150 million as…
In January-November, Ukraine imported $49.4 billion worth of goods, while the exports of goods came to $40.7 billion. The relevant statement was made by the Ukrainian State Customs Service on Telegram. Most imports came from China ($7.6 billion), Poland ($5 billion) and Germany ($4 billion). Most exports went to Poland ($6.2 billion), Romania ($3.5 billon)…
The World Bank has approved an additional financing package totaling $610 million to address urgent relief and recovery needs in Ukraine, as the war with Russia continues. “The package includes an additional $500-million loan from the World Bank’s International Bank for Reconstruction and Development (IBRD) that is supported by a guarantee from Britain,” Reuters said.…