Business news from Ukraine

Business news from Ukraine

“Energoatom and Holtec agreed to build plant for production of small modular reactors in Ukraine

NAEK Energoatom and Holtec International signed an agreement on the margins of URC-2025 in Rome, which provides for the construction of a plant for the production of small modular reactors (SMR) and spent nuclear fuel (SNF) containers using Holtec technology, Energoatom head Petr Kotin said.

“The agreement with Holtec is also a forward-looking agreement. It fixes what we plan to do with them. This is a plant to produce SMRs in Ukraine using their technology. They also transfer to us the technology of production of SNF containers,” Kotin said in comments to Interfax-Ukraine after signing the document.

He recalled that Holtec technology was used to build the Centralized Spent Nuclear Fuel Storage Facility (CSNFSF), which constantly needs new containers for it.

“Containers are needed all the time for spent fuel. They are now produced in the United States, and later we will produce them in Ukraine. It will be cheaper,“ – explained the head of ”Energoatom”.

As reported, Energoatom and Westinghouse on the margins of URC-2025 in Rome finalized agreements on the production in Ukraine of nuclear fuel using the technology of the American company.

“We signed a memorandum that consolidates everything that has already been done with Westinghouse (…). And this was just the summarizing part of the documents,” Kotin said in comments to Interfax-Ukraine after signing the memorandum.

Ukraine has not bought nuclear fuel from Russia since 2020 and has also refused to buy spare parts for nuclear reactors.

In June 2022, Energoatom and Westinghouse signed an agreement to supply nuclear fuel for all Ukrainian nuclear power plants.

The CCNF is an autonomous nuclear facility designed for long-term storage of spent nuclear fuel from the Pivdenno-Ukrainian, Khmelnytsky and Rivne NPPs, which until 2021 was exported to Russia for storage and reprocessing, costing Ukraine about $200 million annually. Fuel from these NPPs was supposed to be received by the Central Nuclear Fuel Storage Facility from April 2022, but the war corrected these plans, and the fuel was stored at the plants themselves until 2023, when its pilot operation began.

 

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Italy is interested in investing in Ukraine and is ready to invest resources without delay – Meloni

Italy is interested in investing in Ukraine and is ready to invest resources without delay, sign agreements, and provide financial guarantee instruments for companies that plan to invest in Ukraine’s reconstruction measures, Italian Prime Minister Giorgia Meloni says.

“Italy, as a country, is also ready to contribute and start now and rebuild what was destroyed – roads, bridges, hospitals, all these buildings,” Meloni said at the Ukraine Recovery Conference (URC2025) during a joint statement with Ukrainian President Volodymyr Zelensky to reporters in Rome on Thursday.

She noted that Italy has already taken Odessa under its patronage to restore cultural and heritage objects. “And we want to even go further, we want to expand our contribution: this is energy, critical infrastructure, transportation, agriculture, also health care. Of course, I won’t list all the initiatives now, but I want to remind you that we are doing a lot of things that are symbolic in terms of humanitarian aid,” the head of the Italian government said.

Meloni also noted that Italy will help in the heroic resistance to Ukraine. “We have done it in different senses and we will also do it on industry and also defense sector and cooperation. We have also talked about this, and this is evidenced by a number of agreements signed today, this is a central theme. And, of course, we will continue our investments, because we understand how important it is to do everything possible so that Ukraine can fight, fight back, defend itself,” she said.

According to the Italian Prime Minister, peace in Ukraine should be “long, lasting, just”, in particular through deterrence.

 

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The cost of insuring ships in the Red Sea has risen sharply

The cost of insuring ships passing through the Red Sea has risen sharply after the resumption of attacks by the Houthis, the Financial Times writes, citing data from Marsh McLennan, the world’s largest insurance broker. According to the company, insurance premiums for risks reached 1% of the value of the ship against a maximum of 0.4% before the attack on the Greek cargo ship Magic Seas on July 6.As a result, the insurance of the ship worth $100 million rose from $300 thousand to about $1 million per voyage, said Marcus Baker of Marsh McLennan.The attack on the Magic Seas, owned by Greek Stem Shipping, was the first since December last year. The ship caught fire and sank in an attack using small arms and rocket-propelled grenades, as well as unmanned boats packed with explosives. Another Greek vessel, the Eternity C, was attacked on Monday, killing three crew members. The Houthis have not yet claimed responsibility for the second attack.Baker warned of further increases in insurance rates if transit through the Red Sea continues. The region remains critical to global trade, and escalation threatens to spike oil prices and disrupt supplies.

 

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IC “Euroins Ukraine” will insure transport “Cherkasyyelektrotrans”

On July 9, the municipal enterprise Cherkasyelectrotrans announced its intention to conclude a contract with IC Euroins Ukraine for the purchase of services of compulsory civil liability insurance of owners of land vehicles (OSAGO). According to the electronic public procurement system “Prozorro”, the company’s price offer amounted to UAH 1.19 million against UAH 1.681 million of the expected cost of purchasing the service.

IC “Euroins Ukraine” is a universal insurance company, which has been operating in the Ukrainian market since 1992. It is a part of Bulgarian insurance group Euroins, one of the largest independent insurance groups in the countries of Central, Eastern and South-Eastern Europe.

 

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Zelensky said that about 200 deals are prepared for Conference on Ukraine’s recovery

Ukrainian President Volodymyr Zelensky said about 200 deals are being prepared for the Ukraine Recovery Conference, which is taking place in Rome on July 10-11 (URC2025) for a total amount of EUR10 bln.

“More than 500 companies are represented here at the conference. About 200 deals are ready to be signed with a total value of more than EUR10 billion. All of these should be fully realized. And please, let’s also focus on energy,” Zelensky said at the plenary session of the Ukraine Recovery Conference in Rome (URC2025) on Thursday.

https://interfax.com.ua/

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Rebuilt UKRNAFTA filling station at 8 Kiltseva Street in Chernihiv is open for customers again

On July 11, the UKRNAFTA filling station at 8 Kiltseva Street in Chernihiv resumed operations after being completely rebuilt and renovated following the damage caused during the hostilities in 2022.
The filling station, which is popular among residents of the city and the suburbs, has been given a new lease of life with a modern design, a stylish minimarket, free Wi-Fi, a tire inflation station, and AdBlue sales.
At the beginning of the full-scale invasion, in February-March 2022, the Ukrainian military stopped the enemy’s advance on the outskirts of Chernihiv. At the same time, the gas station, which was on the line of fire, was destroyed. Its rebuilding is not only a technical upgrade but also a symbol of the city’s gradual recovery.
On the occasion of the opening, from July 11 to 13, UKRNAFTA will offer pleasant bonuses to its visitors:
50% discount on a hot drink or hot dog for everyone who refuel or make a purchase in the store;
Free* donuts for children;
Balloons to create a festive mood;
A gift certificate for a 50% discount on coffee or a hot dog, which can be used from July 14 to August 10.
The UKRNAFTA filling station at 8 Kiltseva Street is not only a convenient stop for drivers, but also another step in the restoration of Chernihiv’s infrastructure.
*The term “free of charge” refers to the symbolic cost of UAH 0.10 in accordance with the current legislation of Ukraine.

 

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