Politics & Economics

During the conference Rebuild Ukraine 2024, Ukrainian Energy Minister German Galushchenko held a number of meetings with partners with regard to cooperation in the development of distributed generation and providing assistance to Ukrainian power engineers. The relevant statement was made by the Ukrainian Energy Ministry, an Ukrinform correspondent reports. In particular, Galushchenko met with the representatives of the International Finance Corporation (IFC). “The parties discussed the areas of cooperation regarding projects on the development of distributed generation in Ukraine and financial instruments to implement them on site. In particular, the prospects for the development of renewable energy, namely wind and…

Russia can disallow further operation of experts from the International Atomic Energy Agency (IAEA) should it deem their work unnecessary. That’s according to a statement by Russia’s foreign affairs ministry posted on Thursday, Ukrinform reports, referring to Radio Liberty. In this way, Moscow reacted to the words of IAEA Secretary General Rafael Grossi, who stated in an interview with the German news agency DPA that IAEA representatives will be at the nuclear power plant until the armed conflict is frozen. "Experts from the Secretariat (of the IAEA - ed.) stay at the ZNPP at the request of the Director General…

The European Parliament today adopted a resolution calling on the EU to take decisive action against the Russian "shadow fleet" of tankers, used to circumvent EU sanctions imposed over Russia's war of aggression against Ukraine, as well as to comply with the internationally agreed price cap on Russian oil. That’s according to the European Parliament press service, Ukrinform reports.  “Russia uses old tankers, often uninsured and with unclear ownership, to export its crude oil and petroleum products abroad, despite EU, G7 and international sanctions. These activities have also raised fears over the risk of environmental disasters, including severe oil spills.…

Ukraine expects to receive a $1.1 billion tranche from the International Monetary Fund at the end of December. Ukrainian Prime Minister Denys Shmyhal announced this in a Telegram post following a meeting with the IMF mission headed by Gavin Gray, Ukrinform reports. Shmyhal thanked the IMF team for continuing the mission's full-fledged work in Kyiv, noting that their on-site presence allows for a better understanding of Ukraine's immediate needs. "We successfully completed the 5th review of the EFF Arrangement at the end of October. We completed all structural benchmarks required for the 6th review. After the current mission concludes, we…

The European Commission has approved the disbursement of EUR 4.1 billion to Ukraine under the EU's Ukraine Facility. Ukrainian Prime Minister Denys Shmyhal said this in a post on Telegram, according to Ukrinform. "The European Commission approved the disbursement of EUR 4.1 billion to Ukraine under the Ukraine Facility. The EC provided a positive assessment of the reforms and noted that the government has fulfilled the necessary indicators to receive this tranche. We expect the quick approval of the decision by the Council of the EU. With this, total support within the Ukraine Facility this year will reach EUR 16.1…

A total of 282 businesses relocated from the areas of hostilities and frontline regions are now operating in the Zakarpattia region. The relevant statement was made by Zakarpattia Regional Military Administration Head Myroslav Biletskyi in a commentary to an Ukrinform correspondent during the development forum Re:Open Zakarpattia. “Currently, we have 282 entities, which resumed operations, including individual entrepreneurs,” Biletskyi told. In his words, relocated businesses have completely changed the region. “Let me explain better with figures. In 2021, the regional budget was UAH 2.6 billion. Now, our budget is UAH 2.4 billion. Indeed, it is slightly lower than the pre-war…

In January-October 2024, Naftogaz Group’s companies produced 12.3 billion cubic meters of gas, which is 6% higher compared to the same period last year. The relevant statement was made by Naftogaz Group’s press service, an Ukrinform correspondent reports. “Naftogaz Group’s companies, such as Ukrgasvydobuvannya JSC and Ukrnafta PJSC, continue increasing gas production volumes. Over 10 months of 2024, they have produced more than 12.3 billion cubic meters of natural gas,” the report states. In contrast to January-October 2023, the production of natural gas increased by 6%. “Despite hostilities, our professionals continue to drill new wells and steadily increase gas production…

In cooperation with Lviv IT Cluster, the Ukrainian Digital Transformation Ministry has launched a tech companies platform, CodeUA, which will help foreign customers connect with Ukrainian contactors. The relevant statement was made by Ukrainian Digital Transformation Deputy Minister Oleksandr Bornyakov during the annual technology conference Web Summit in Lisbon, Portugal, an Ukrinform correspondent reports, referring to the available press release. “CodeUA is a B2B platform that will connect foreign customers with proven Ukrainian technology contractors to implement a wide range of projects. Customers will be able to order services in software development, IT consulting, cyber security, Big Data, design, technical…

The Ukrainian Defense Ministry is working on a development strategy for 2025 and, together with the Ministry of Strategic Industries, is prioritizing investments in the defense industry. Ukrainian Defense Minister Rustem Umerov said this at an annual meeting of the European Business Association as part of a panel discussion devoted to Ukraine's security, Ukrinform reports, citing the Ukrainian Defense Ministry. "Together with the Ministry of Strategic Industries and the Office of the President, we are prioritizing investments in the defense industry and are already working on a development strategy for 2025," Umerov said. He thanked the event organizers for providing…

Since the Russian full-scale invasion started, about 10,000 kilometers of railroad tracks in Ukraine have been damaged, destroyed or lost. The relevant statement was made by Ukrzaliznytsia JSC in response to an inquiry from an Ukrinform correspondent. “Since February 24, 2022, about 10,000 kilometers of railroad tracks and 43 railway station buildings have been damaged, destroyed or lost. Other infrastructure objects also suffered damage,” the report states. Following a report by Kyiv School of Economics (KSE), which covers the period from February 2022 until January 2024, up to 507 kilometers of railroad tracks were damaged; 126 railway stations and terminals…