Ukraine continues to work on attracting investment in energy projects and improving the protection of Ukrainian energy infrastructure from attacks by russia. This was discussed by First Deputy Prime Minister and Minister of Economy of Ukraine Yuliia Svyrydenko and U.S. Assistant Secretary of State for Energy Resources Geoffrey Pyatt during a meeting in Washington. Yuliia…
Thanks to the resilience of critical energy infrastructure in the face of Russian attacks, Ukraine’s economy is recovering and the transformation of the energy industry, despite the ongoing war and colossal destruction, remains successful. That’s according to the assessment noted in the European Commission report on Ukraine’s progress in fulfilling criteria for the EU membership,…
The total amount of donor commitments for grant contributions to the Ukraine Energy Support Fund has reached more than EUR 322 million. Of this amount, EUR 192 million has actually been transferred to the Fund’s account by 15 public and private donors from different countries. The remaining amount consists of pledged contributions that are expected…
As Bulgaria braces for the onset of the heating season, the cost of natural gas is skyrocketing, with Bulgargaz EAD announcing a substantial 36% price hike. The company’s proposed price for November stands at BGN 82.12/MWh, excluding excise duty and VAT, marking a significant financial burden for consumers. The surge in natural gas prices is…
Moldova makes important steps to attract foreign investors to the country. An extra proof is a Moldovan-Portuguese economic forum organized in Chisinau, with the participation of President Maia Sandu and her Portuguese counterpart Marcelo Rebelo de Sousa. In the context, Parliament Speaker Igor Grosu had a constructive discussion with representatives of the Greenvolt Portuguese company,…
“The European Commission has been notified of the recently taken measure by Bulgaria regarding gas supplies. We are in close contact with Bulgaria and the other affected countries to assess and discuss the possible repercussions of this measure,” said a spokesperson of the EC at a press conference in response to questions related to the…
Due to bad weather, shelling and technological disruptions, consumers in 9 regions were cut off from electricity on October 30; restrictions on electricity production from renewable energy sources amounted to over 892 MW. Due to unfavourable weather conditions, 100 settlements in 6 regions – Donetsk, Zhytomyr, Kyiv, Kharkiv, Sumy, and Chernihiv – remain without power…