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…
The Ministry of Energy of Ukraine calls on consumers to conserve electricity in view of the significant loss of generating capacity after hostile shelling. This was stated by the Minister of Energy of Ukraine German Galushchenko. The Energy Minister noted that in recent months, the Ukrainian energy system had suffered the greatest damage since the…
Farmers in Odesa region sowed a number of local fields with five experimental varieties of cotton. This was announced on Facebook by the Department of Agrarian Policy, Food and Land Relations of the Odesa State Administration. “The first sprouts will be seen within two weeks,” the report says. It is noted that the south of…
Nine investment projects worth more than EUR 345 million are being implemented in Ukraine with the support of Germany’s state-owned investment and development bank KfW. The relevant statement was made by the Ukrainian Finance Ministry, following a meeting between Ukrainian Finance Deputy Minister Olga Zykova and KfW Director Eastern Europe, Caucasus and Central Asia Veronica…
On May 9, the needs of consumers were covered by domestic generation, commercial imports and emergency supplies from the power systems of Poland, Romania and Slovakia. The total volume of emergency supply was about 3% of daily electricity consumption. Also, during daytime hours, Ukraine received surplus electricity on an emergency basis at Poland’s request. On…