Passengers carried in jan of 2021, in MLN.
Naftogaz group and Polish Oil and Gas Company (PGNiG) have signed a memorandum of understanding. The partners will jointly consider the possibility of putting together experience and resources to implement a number of projects, primarily in Western Ukraine.
“Naftogaz and PGNiG will primarily focus on exploring opportunities for joint exploration of greenfield areas in Western Ukraine, bordering Poland. In particular, the partners shall allow for cooperation in Berestyanska area, where Naftogaz signed a production sharing agreement with the government at the end of 2020,” the group said in a press release.
Naftogaz said that as part of its strategy approved in 2020, Naftogaz started implementing strategic projects to increase the resource base within the Black Sea shelf, Yuzivska area, the Carpathian region and new areas for which PSAs were concluded.
“By attracting international partners, we intensify the rate of progress of unlocking Ukraine’s resource potential. PGNiG is a public company with high standards that has discovered and is successfully developing a number of fields in Europe. In particular, PGNiG has proven track-record of discoveries and efficient gas production in Poland, in the region bordering Ukrainian Carpathians. At the same time, it has already successfully accomplished projects on expanding its gas producing business to other countries, including strong position in Norway. I am confident that we will be able to achieve mutually beneficial synergy,” Chief Operating Officer of the Naftogaz Group Otto Waterlander said.
“Ukraine, which has one of the largest gas reserves in Europe, offers a very attractive growth potential for upstream companies like PGNiG. We are particularly interested in gas production development in Western Ukraine. This region borders with our operations area in Poland, and our data confirms its potential. Naftogaz has been working there for many years and has considerable experience and valuable geological data,” Vice President of the Management Board of PGNiG SA, Chief Operating Officer Robert Perkowski said.
Ukrainian banks’ cash exchange rates on 30/03/21
Source: Interfax-Ukraine
The deficit of the national budget of Ukraine should fiscal deficit will need to return to pre-pandemic levels as soon as the economy recovers and the pandemic dissipates, IMF Resident Representative in Ukraine Goesta Ljungman told Interfax-Ukraine.
“Once the pandemic dissipates and the economy recovers, the fiscal deficit will need to return to pre-pandemic levels. This is important to instill confidence in Ukraine’s economy and reduce Ukraine’s borrowing needs,” he said.
Ljungman said that a strong fiscal position also gives Ukraine room to provide fiscal stimulus in the case of a future downturn.
“So the question should not be if Ukraine should reduce the fiscal deficit, but when. And in order to do so, there needs to be already a good plan for how that would happen, including through well-designed tax measures,” Ljungman said.
Cyprus has included Ukraine in the list of countries of the “red category,” from which it will be allowed to enter the country if a number of conditions are met already from April 1, 2021.
According to a document released on the website of the Government of Cyprus, passengers arriving from countries of the “red category” must undergo a laboratory analysis by PCR within 72 hours before departure, and then undergo another laboratory test upon arrival in the Republic of Cyprus.
It is noted that such people should remain in self-isolation until the test results are received.
In addition, from countries of the “red category” can enter Cyprus after passing at their own expense laboratory tests only upon arrival in Cyprus, Cypriot citizens and members of their families (foreign spouses and their minor children); persons residing in the territory of the republic legally; persons entitled to enter the Republic in accordance with the Vienna Convention.
Those who fall under these categories must remain in mandatory self-isolation for 72 hours upon arrival and after 72 hours they must undergo another PCR test at their own expense. If the retest is negative, they can end the isolation, according to the document.
Volumes of cargo transportation in 2020, MLN TONS.
