Business news from Ukraine

Business news from Ukraine

EU TO ALLOCATE 9 BILLION EUROS IN AID TO UKRAINE

The EU will allocate 9 billion euros in aid to Ukraine, Polish Prime Minister Mateusz Morawiecki has said.
“This historical moment and the language of today’s conclusions have been rejected for a long time. We have changed this with many countries. Ukraine is at war and has nothing to pay for many public services, so we have approved the allocation of 9 billion euros in aid,” Morawiecki said. on the page of the Office of the Polish Prime Minister on Twitter on Friday.

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MANUFACTURER OF GRAIN PROCESSING EQUIPMENT OLIS OPENS GRAIN WORKSHOP IN POLTAVA REGION

A manufacturer of grain processing and grain cleaning equipment, Olis LLC (Odesa), has built and put into operation a grain workshop of its production Optimatic K-15 in Poltava region.
“Good news not only for Olis as a manufacturer and supplier of grain processing equipment, but also for the region, where, thanks to a quality grain workshop, there will be no shortage of cereals. After all, local food production is very important today,” the machine-building company wrote on Facebook on Wednesday.
According to it, Optimatik K-15 is an aggregate universal grain mill designed for production of wheat, barley, pearl barley, peas, corn and millet.
A unit with a rated power of 30 kW/h can process 400-600 kg of millet, pearl barley or corn, or 700-800 kg of wheat, barley or peas per hour.
As reported, Olis resumed the work of its plant in Odesa region at the end of March and resumed the manufacture of equipment under new and previously concluded contracts.
Olis produces about 200 items of equipment for the grain processing industry. The enterprise is able to produce grain cleaning complexes, mills and grain workshops from the stage of technology development to commissioning of facilities.
The company’s products are exported to more than 25 countries around the world.

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DIIA.CITY PROJECT RECEIVES EMERGING EUROPE AWARDS – FEDOROV

The Diia.City project was awarded the Emerging Europe Awards, Deputy Prime Minister and Minister of Digital Transformation of Ukraine Mykhailo Fedorov said.
“The Diia.City project received the Emerging Europe Awards in the Modern and Future-Proof Policymaking nomination. The award celebrates the projects of countries that change the life of the developing region of Europe. The winners are chosen by people from all over the world who can vote online for their favorite project. This year, thousands of people took part in the voting, noting the importance of Diia.City,” Fedorov wrote on his Telegram channel.
The minister emphasized that “City was noted for its unique contribution to positioning Ukraine as a powerful IT hub, as well as for creating conditions for the development of companies and attracting investments.”
“I am sure that Ukraine will soon become the largest European IT hub. I am grateful to President Volodymyr Zelensky for the political will and full support in the launch of Diia.City,” Fedorov wrote.

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BERLIN CALLS FOR THINKING ABOUT CREATING PERMANENT ALTERNATIVE ROUTES FOR UKRAINIAN GRAIN

German Minister of Agriculture Cem Ozdemir called for thinking about creating not temporary, but permanent alternative routes for the export of grain from Ukrainian territory, the EFE agency reports on Friday.

“The Black Sea cannot be considered as a safe route for Ukraine in the long term, even after the end of hostilities,” the minister suggested at a press conference. For this reason, according to the minister, “it is necessary to look for one or more permanent alternative routes.”

EFE notes that Ozdemir is skeptical about the chances of success in negotiations with the Russian Federation on the export of grain from Ukrainian ports.

EU LEADERS URGED EUROPEAN COMMISSION TO QUICKLY GIVE PROPOSALS FOR SUPPORT IN RESTORATION OF UKRAINE

The leaders of the European Union called on the European Commission to promptly present its proposals for EU support for Ukraine in the reconstruction of the country after the war waged against it by Russia.

The conclusions, adopted at the European Council meeting on Thursday in Brussels, noted that the European Commission “soon will submit a proposal to provide Ukraine with a new exceptional macro-financial assistance of up to 9 billion euros in 2022.”

“The European Council calls on the Commission to promptly present its proposals for EU support for the reconstruction of Ukraine, in consultation with international partners, organizations and experts,” the document reads.

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MARKET OPERATOR: 47% OF ELECTRICITY SOLD ON SPOT MARKET IN MAY GENERATED FROM HYDROPOWER

Some 47.38% of electricity sold on the day ahead market (DAM) and intraday market (IDM) in May was produced from hydropower, and 20.34% from nuclear fuel, according to a report by JSC Market Operator on environmental aspects for May 2022.
“The share of electricity sold on DAM and IDM, produced from solar energy, amounted to 17.24% in May, from coal – 5.66%, from natural gas – 4.32%, from wind energy – 1.61%, from biogas – 0.99%, from biomass – 0.25%, and from fuel oil – 0.18%,” the report says.
According to the published data, in May, 1.63% of electricity was sold on the spot market, the source of which is not determined, and the origin of another 0.4% of electricity is unknown due to the failure of some market participants to provide relevant information, the company noted.
As follows from the report, in total, in May 2022, 31.5% less electricity was sold on DAM and IDM compared to April – 528,284 MWh versus 770,883 MWh, respectively, in 56.5% less than in March (1.243 million MWh), 88.5% less than in February (4.607 million MWh) and 89.3% less than in January 2022 (4.924 million MWh).
According to Market Operator, out of the total volume of electricity generated in January-May this year, 32.35% was produced from nuclear fuel, 26.58% – from coal, 14.33% – from hydropower, 7.72% – from natural gas, 4.74% – from wind energy, 3.74% – from solar energy, 2.06% – from fuel oil, 0.55% – from biogas, and 0.33% – from biomass.

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