Sunny weather and the active operation of solar power plants on April 21 provided for a surplus of electricity. At the request of the transmission system operator, Ukraine transferred excess electricity to Poland. The total amount of electricity transferred was 1600 MWh. Generation from renewable energy sources was also limited to a total of 1851…
Energy Minister German Galushchenko announced that Ukrainian officials were offered by their German counterparts to look at Germany’s closed energy facilities for equipment that Ukraine might need to restore those damaged or destroyed by Russian missiles and drones. “We are currently working very closely with our Lithuanian friends. Our groups of specialists are now in…
The banking system of Ukraine showed its preparedness, as it endured Russian missile attacks on energy infrastructure in the first two spring months. However, some difficulties were observed in the operation of bank offices in the most affected settlements. The relevant statement was made by Globus Bank Board Chairman Serhii Mamedov. “Of course, it is…
The German delegation was demonstrated the urgent needs of the energy sector that had arisen after the recent rocket attacks by russia and investment opportunities in key sectors of the national economy – energy, transport and logistics, agro-processing, mining of critical materials and green metallurgy. This was stated by Yuliia Svyrydenko, First Deputy Prime Minister…
The International Monetary Fund (IMF) expects that Ukraine’s general government gross debt may rise to 94% of GDP in 2024, which is lower than the previous forecast. The relevant data were included in the IMF’s Fiscal Monitor report, which was presented by IMF Fiscal Affairs Department Director Vitor Gaspar in Washington on April 17. According…
On April 17, the U.S. Chamber of Commerce hosted the U.S.-Ukraine Partnership Forum. The event was attended by representatives of the governments, businesses from both countries and leading financial experts. Ukraine was represented by Prime Minister Denys Shmyhal, Minister of Finance Sergii Marchenko and Deputy Minister of Finance for European Integration Yuriy Draganchuk. The Forum…
The purchase of trams by Lviv is part of the Ukraine Urban Public Transport Project, a EUR 200-million framework loan from the EIB. This investment provides city councils and municipal transport companies with the resources to equip Ukrainian cities with modern urban public transport such as trolleybuses, trams and buses. The project is managed by…