Ukraine: EBRD supports strategy for state-owned banks

The European Bank for Reconstruction and Development (EBRD), Ukraine’s largest international investor, supports the Ukrainian government’s updated strategy for reforming the country’s state-owned banks. EBRD’s Country Director for Ukraine Sevki Acuner said that the strategy had been developed in the form of a general debate, which resulted in a very clear-cut strategy with the clear…

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Ukraine: gas withdrawal up due to cold snap

Ukrainian energy and coal industry minister’s advisor Maksym Beliavsky says because of the cold snap on February 24-25, Ukraine has increased gas withdrawal from its underground storage facilities (USFs) to 101 million cubic meters per day, the maximum level for the entire 2017-2018 heating season. “Ukraine, because of the temperature drop, has increased the pumping…

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Ukraine: Ukrzaliznytsia and General Electric sign agreement on production of locomotives

PJSC Ukrzaliznytsia and U.S. company General Electric Transportation signed a framework agreement on modernization and production of locomotives. The signing ceremony took place in the presence of Ukrainian President Petro Poroshenko and U.S. Ambassador to Ukraine Marie Yovanovitch. The agreement, in particular, provides for the modernization of a locomotive fleet and the construction of new…

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