Category: 9. Business

Reforms in fundamental sectors will set the pace for Ukraine’s EU accession negotiations, said the head of the Belgian Foreign Ministry, Hadja Lahbib. In order to join the EU, Ukraine must adapt its legislation to conform with European legislation according to 35 chapters, which are divided… Continue Reading

The Cabinet of Ministers approved the National Energy and Climate Plan (NECP) for the period until 2030. The plan coordinates environmental, energy, and economic policies for Ukraine’s sustainable development. The document was developed under the requirements of EU regulations and considering… Continue Reading

In May, the Russian government’s subsidies to its gasoline producers increased to ₽202B ($2.5B), and the amount keeps growing. Russian authorities are forced to pay these costs to curb the rise in consumer prices for gasoline. As analysts note, estimates of damage resulting from Ukrainian… Continue Reading

According to EIB representative Grzegorz Hajda, the initiative will be accompanied by an EU grant contribution. As part of the project, social housing will be developed in several cities in Ukraine that will be selected jointly with the Ministry of Reconstruction. This housing will be rented at… Continue Reading

According to the head of the Ukrainian Wind Energy Association, Andriy Konechenkov, new distributed generation capacities can compensate for the loss of 10 GW of traditional energy capacities. As well, four GW worth of wind energy projects, ready for implementation, could also be useful and… Continue Reading

The National Commission for Regulation of the Energy Market (NCRECP) adopted a resolution to introduce special auctions for auxiliary services to provide frequency regulation and active power reserves in the power system. As noted by the director of the energy markets department, Ilya Sidorov,… Continue Reading

Oleh Hetman, the Economic Expert Platform’s coordinator of expert groups, notes that because the exchange rate is not free-floating but in in a state of controlled flexibility, the national bank will try to adhere to the dollar price set in the state budget — ₴42 per $1. Therefore, it is… Continue Reading

The Ukrainian construction industry suffers from a shortage of personnel, so developers have started to raise salaries. Experts note that attracting migrants was and still is standard practice, but since the beginning of the war, this has significantly decreased, and currently, there is no… Continue Reading

During a banking forum, 17 of Ukraine’s largest banks signed a memorandum on preferential lending for energy infrastructure restoration projects. The memorandum was signed by banks whose net assets as of May 1, 2024 amounted to more than 83% of the total assets in the entire Ukrainian banking… Continue Reading

The Creatio company, which develops no-code platforms for automating business processes and CRM systems, raised $200 million at a valuation of $1.2B. This made Creatio the sixth Ukrainian unicorn after GitLab, People.ai, Grammarly, Unstoppable Domains and airSlate. The funding round included an… Continue Reading