Politics & Economics

As of September 10, late grains, legumes and corn were harvested on an area of 470,100 hectares, or 62% of the forecast, and 2 million tons of grain were harvested in Kirovohrad region. This was reported to Ukrinform by Valeria Furmanova, Director of the Department of Agricultural Development of the Kirovohrad Regional State Administration. “Farms in the region started harvesting late crops in the third decade of August. As of September 10, 2024, cereals and legumes with corn were harvested on an area of 470,100 hectares, or 62% of the forecast, 2 mln tons of grain were harvested, and the…

In November 2024, Ukraine may start the export of biomethane towards Europe, after sufficient stocks are accumulated in storage facilities and personnel is trained properly. The relevant statement was made by Bioenergy Association of Ukraine Board Chairman Georgii Geletukha in a commentary to Ukrinform. According to Geletukha, there are seven biomethane plants in Ukraine, which are expected to start operation before late 2024. Two of them produce liquefied biomethane and do not require connection to the gas transmission system. “Five plants will be connected to the gas networks: one – to Gas Transmission System Operator of Ukraine LLC (GTSOU), and…

The Verkhovna Rada of Ukraine has endorsed in the first reading draft bill No. 11416-d on raising taxes, which is expected to generate an additional UAH 58 billion for the state budget in 2024 and UAH 137 billion in 2025. The relevant statement was made by Member of Parliament Yaroslav Zhelezniak (from the parliamentary faction ‘Holos’) on Telegram, an Ukrinform correspondent reports. A total of 241 Members of Parliament voted in favor of such decision. In particular, the document provides for raising the military tax from 1.5% to 5%; increasing taxes for individual entrepreneurs of Group 1 and Group 2;…

Naftogaz Group is increasing cooperation with the United Nations Development Programme (UNDP) in relation to energy security and going through the 2024/2025 heating season, namely with regard to the procurement of gas piston plants. The relevant statement was made by Naftogaz Group’s press service, following a meeting between Naftogaz Group Board Chairman & CEO Oleksiy Chernyshov and the UNDP’s representatives led by Jaco Cilliers, an Ukrinform correspondent reports. “We have reached an agreement on the procurement of gas piston plants, which will additionally strengthen our ability to provide uninterrupted electricity and heat supply services for Ukrainians during the winter period,”…

The Export Credit Agency of Ukraine (ECA) has signed the first war risk insurance contract for an investment loan. The relevant statement was made by Ukrainian Deputy Prime Minister, Economy Minister Yuliia Svyrydenko during the event ‘Economic Policy of Ukraine. Recovery During the War’, an Ukrinform correspondent reports, referring to the ministry’s press service. “Ukraine’s ECA has already started insuring against war risks. We have a specific case – a Ukrainian commercial bank issued a loan for the purchase of a gas turbine generator, and the ECA provided coverage for this investment. I am especially grateful that we have the…

In January-August 2024, Naftogaz Group transferred UAH 60.8 billion in tax payments to Ukraine’s state and local budgets. The relevant statement was made by Naftogaz Group’s press service, an Ukrinform correspondent reports. “Over eight months of 2024, Naftogaz Group has transferred UAH 56.5 billion in tax payments to the state budget, which is more than 7% of the total payments controlled by the Ukrainian State Tax Service,” the report states. Another UAH 4.3 billion was directed towards local budgets. “In August 2024, Naftogaz Group’s companies transferred UAH 7.2 billion to the state budget and about UAH 600 million to local…

On Monday, September 16, electricity consumption will not be restricted. That’s according to Ukrenergo, the national operator of Ukraine’s power grid, Ukrinform reports. "On September 16, no restriction measures are foreseen. Please consume electricity responsibly between 16:00 and 22:00. Do not switch on several powerful devices at the same time at the specified period," reads the statement the company posted on social media. Read also: Most electricity in Ukraine produced without carbon emissions – Energy Ministry As Ukrinform reported earlier, energy distribution companies on Sunday restored power supply to more than 19,000 consumers, while 640 settlements remain affected by shutdowns.

Estonia has already handed over more than 320 tonnes of humanitarian aid to Ukraine for the energy sector. Deputy Energy Minister of Ukraine Mykola Kolisnyk said this at a meeting with Estonian President Alar Karis, Ukrinform reports citing the Ministry of Energy. “We are grateful to Estonia for 18 cargoes of humanitarian aid weighing more than 320 tonnes, including very valuable transformers, which, when installed to replace those destroyed by the enemy, will help restore power to thousands of Ukrainian families,” said Kolisnyk. Estonia also donated 450,000 euros to the Ukraine Energy Support Fund. Read also: Estonia’s president arrives in…

Ukraine is significantly ahead of many European countries in terms of its share of decarbonized energy, with most of Ukrainian electricity being produced without carbon dioxide emissions. Ukrainian Energy Minister German Galushchenko said this at the Yalta European Strategy forum, Ukrinform reports, citing the Ukrainian Energy Ministry. "Today, most of the electricity in the country is produced without carbon dioxide emissions. This indicator exceeds the results of many European states and demonstrates Ukraine's significant step in the direction of 'green' transformation," Galushchenko said. He stressed that the war had adjusted the country's energy transformation plans and prompted quicker action. Despite…

No power outages are expected to be applied in Ukraine on Sunday, September 15. The national power grid operator Ukrenergo announced this on Facebook, Ukrinform reports. “On September 15, consumption restrictions will not be applied. Energy-intensive household appliances can be used throughout the day,” the statement says. Read also: Assistance to Ukraine's energy sector is priority for UNDP - MoE As Ukrinform reported, on September 13, emergency assistance from Poland, Slovakia, and Romania was used to address the deficit in Ukraine's power system.