Business

Consultations between Ukraine and Germany were held on July 17 on interaction on hydrogen energy issues, as a result of which the parties agreed to conduct a study on the possibility of using the gas transportation system (GTS) of Ukraine…

The Verkhovna Rada has adopted bill No. 3658 on amendments to certain laws of Ukraine concerning improving the conditions for supporting the production of electricity from alternative energy sources. The corresponding decision was made at an extraordinary session of the…

PJSC ArcelorMittal Kryvyi Rih (Dnipropetrovsk region) intends to spend $700 million in the next three to four years on the implementation of large investment projects with an environmental component, CEO of the company Mauro Longobardo has said. "In the next…

Ukrzaliznytsia has developed a state program for the renewal of the freight car fleet for 2021-20

The Hungarian low cost airline Wizz Air is launching a number of flights from Zaporizhia to European countries. According to the press service of Wizz Air, on July 20 the carrier began work at the airport in Zaporizhia and performed…

Newly appointed Governor of the National Bank of Ukraine Kyrylo Shevchenko (L) and Ukrainian President Volodymyr Zelensky walk inside the central’s bank headquarters on July 20, 2020

The National Bank of Ukraine (NBU) should continue the policy of reducing the refinancing rate, which is now stands at 6% per annum, new governor of the central bank Kyrylo Shevchenko has stated. "The NBU must maintain a policy of…

Ukraine should extend the incentive rates of royalty in the oil and gas industry to attract investment, Otto Waterlander, the Chief Operating Officer and the Chief Transformation Officer at Naftogaz Group, has stated. "We propose considering the positive results of…

The National Bank of Ukraine (NBU) should restrict the use of securities by banks in order to stimulate lending to the real sector of the economy, NBU Governor Kyrylo Shevchenko has said. "On the one hand, it is necessary to…

The board of the National Bank of Ukraine (NBU) may reduce the refinancing rate on July 23 by a maximum of 1 percentage point (p.p.), to 5% per annum, given the slight acceleration of inflation in June to 2.4% from…