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4 min. 428 Ukraine and France have sealed commercial agreements worth EUR 1.3 billion, the Cabinet of Ministers has set up the Bureau of Economic Security, as well as introduced state regulation of petroleum and diesel prices – these are the key economic developments of the outgoing week. Last week, a month since Ukrainian President Volodymyr Zelensky visited Paris, a delegation headed by French Minister of Economy, Finance and Reconstruction Bruno Le Maire arrived in Kyiv. The visit saw the signing of four strategic agreements worth EUR 1.3 billion, including a deal for the supply of 130 electric locomotives by Alstom for Ukraine s railway operator Ukrzaliznytsia, worth EUR 900 million, according to Prime Minister Denys Shmyhal. ....
5 min. 350 The State Statistics Service recorded a higher pace of inflation, the National Security and Defense Council decided to nationalize Motor Sich, and the Nova Poshta postal service increased tariffs for delivery – these are the main economic news of the outgoing week. This week, the State Statistics Service reported on a higher pace of inflation. Last month consumer prices rose by 7.5% on year, also accelerating from 6.1% in January. Consumer prices rose 2.3% in the first two months of 2021. In January, against the previous month, prices for food and non-alcoholic beverages increased by 2.1%. Most of all, prices rose for sunflower oil, vegetables, and sugar – in the range from 5.5% to 7.7%. Prices for meat, fruits, bread, fish, and sour cream was up by a range from 1.3% to 3.8%. ....
6 min. 372 On the way of revolutionary changes in Ukraine s energy system, a green-coal paradox arose, where an increase in the share of renewables, contrary to common sense, leads to a rise in thermal energy. The solution to the issue is to direct large-scale investments in the construction of new maneuverable and accumulation capacities. Domestic energy generation has entered a phase of revolutionary shifts that are now underway throughout the civilized world – clean energy derived from renewable sources is replacing dirty thermal power plants. However, on the way of these changes, the so-called green-coal paradox arose, where an increase in the share of renewables, contrary to common sense, leads to an increase in thermal energy. ....
Eng It s happening: Ukraine is attracting European neighbors to developing a gas-bearing shelf in the Black Sea Igor Orel 18:45, 18.02.21 Economy 866 In the coming years, Ukraine intends to start developing the Black Sea shelf, which, if the efforts see success, will add some 10-15 billion cubic meters of gas to annual output stats and make the country energy-independent. Unfortunately, today, Ukraine is unable to pull off such an ambitious project on its own. The government needs billions of dollars in investments, as well as some more advanced technology. Naftogaz is actively looking for partners Therefore, National Joint Stock Company Naftogaz of Ukraine, granted by the government in late 2020 the right to explore and produce oil and gas on ....
4 min. 647 Ukraine resumed imports of electricity from Russia to compensate for the acute shortage in own energy grid, the hryvnia strengthened amid ongoing talks with the IMF, while the Rada adopted laws formalizing remote work and taking the first step towards large-scale sale of state assets – these are the main economic developments of the first week in February. The hottest topic of the outgoing week was the renewed power supplies from Russia. For the first day of imports, February 1, 2021, the total volume of electricity transmitted from Russia amounted to 1 million kWh. This news wasn t an easy one to accept by Ukrainians as most are aware of how keen Russia is on using its energy resources as leverage over other countries. In addition, many politicians pointed out that it is impossible to buy electricity from a country that has been ....