Business

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…

A task of the National Bank of Ukraine (NBU) and the government is to prepare banks for crediting important projects, newly appointed NBU Governor Kyrylo Shevchenko has said. "Our common task with the government is to prepare the banking system…

Mobile operator Kyivstar is launching a new tariff for older generation subscribers who actively use mobile Internet or want to master it – "Internet for Parents." The press service of the company reported on Monday that the new tariff became…

A field of wind turbines belonging to DTEK Renewables, the biggest player in Ukraine’s renewable energy market. The Cabinet of Ministers is trying to resolve a crisis in this sector by getting renewable investors to agree to a tariff cut…

A man wearing a medical mask passes a building with a “For Rent” sign on Kyiv’s central Saksahanskoho Street on July 7, 2020

Centrenergo smokestacks loom in the distance. The thermal power company produces 15% of Ukraine’s total electricity. State energy company Centrenergo has long been known as a den of corrupt schemes. So it wasn’t too surprising when the journalists at RFE/RL’s…

Newly appointed Governor of the National Bank of Ukraine Kyrylo Shevchenko speaks during a session of parliament in Kyiv on July 16, 2020

Dnipro Mayor Borys Filatov gestures towards grenade launchers he received as gifts for the defense of the city in 20

Ukrainian company UDP Renewables plans to invest $200 million in the Ukrainian renewable industry and build solar power plants in Zaporizhzhya, Kyiv, Odesa, and Kherson. Energy security and independence have moved higher on the agenda in Ukraine since Russia launched…

Yuriy Vitrenko, Naftogaz’s business development director, says that his team has fought for reforms to make Ukraine’s energy sector more productive and transparent, but often struggles to overcome vested interests and entrenched corruption. Ukraine’s natural gas industry won a landmark…