Business news from Ukraine

Business news from Ukraine

Nine drivers have already had their licenses revoked for violating military registration requirements this year

Nine drivers have already had their driving privileges revoked for violating military registration requirements this year. Almost all of the decisions were made by the Novograd-Volynsky City District Court in Zhytomyr Oblast. Since the beginning of this year, 59 more cases have been heard in courts regarding the revocation of driving licenses due to violations of military registration.

At least 59 court cases regarding the restriction of driving privileges due to violations of military registration rules this year were found using the Babusia court registry search engine.

In January 2025, the court upheld the TCC’s claim for the first time and deprived the driver of his right to drive, but such decisions have become more frequent. Currently, nine drivers have been temporarily restricted from driving vehicles due to violations of military registration rules until they comply with the TCC’s requirements or until the requirement is withdrawn.

It should be noted that all decisions, except for the first one, were made by the Novograd-Volynsky City District Court in Zhytomyr Oblast.

We remind you that court decisions in such cases are completely anonymized — they do not indicate the parties to the proceedings, which makes it impossible to check whether there is a case against you.

Since the beginning of the year, more than 17,000 proceedings have been opened in the Unified State Register of Debtors for violations of military registration rules. You can check whether you have a fine in OpenDataBot.

https://opendatabot.ua/analytics/tck-auto-ban

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InnoTechEnergy energy exhibition and forum will take place in Kyiv on June 18-19

On June 18-19, 2025, Kyiv will host InnoTechEnergy, an exhibition and forum for innovative solutions in thermal and alternative energy, according to Energoreforma.

As noted in the event announcement, the exhibition will showcase the latest equipment, technologies, and solutions for modernizing heating systems, decentralized generation, renewable energy sources, energy efficiency, and digital transformation in the energy sector.

The exhibition will feature the Future Energy Forum, an innovation forum on the future of thermal and alternative energy.

The forum will serve as a platform for discussing key issues and finding effective solutions to today’s challenges.

The main focus will be on the following key areas:

  • Energy security
  • Development of renewable generation and thermal infrastructure
  • Financial support instruments

The event organizers plan to bring together Ukrainian and international companies, representatives of municipalities, communities, relevant ministries, experts, and businesses to demonstrate and discuss the challenges and prospects for the development of key trends in the energy sector.

Registration for exhibition events: https://ite.ticketforevent.com/

For questions regarding participation in events and cooperation:

+38(067) 37-57-637

+38(095) 37-57-637

Source: https://reform.energy/news/energetichna-vistavka-forum-innotechenergy-vidbudetsya-v-kievi-18-19-chervnya-23648

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Macron arrives in Greenland on European solidarity visit

French President Emmanuel Macron arrived in Greenland on Sunday, where he expressed European solidarity and support for the Danish autonomous territory, which US President Donald Trump had previously stated his intention to take control of, France24 reports.

“It is important to show that Denmark and Europe are committed to this territory, which has very high strategic interests and whose territorial integrity must be respected,” Macron said.

The French president made the visit together with Danish Prime Minister Mette Frederiksen on their way to the G7 summit in Canada on June 15-17. They were met at Nuuk airport by Greenland’s Prime Minister Jens Frederiksen.

Macron criticized Trump’s intention to take control of the island. “I don’t think that’s something you do to allies,” the French president said.

According to the publication, the visit will also be an opportunity to discuss how to further strengthen relations between the EU and Greenland when it comes to economic development, the transition to low-carbon energy, and critical minerals.

Later on Sunday, Macron, Frederiksen, and Nielsen held a meeting on a Danish helicopter carrier, demonstrating France’s concern about security issues in the region.

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Five Ukrainian citizens were killed after Iran’s missile attack on Israel

According to preliminary information from the Ukrainian Embassy in Israel, on June 14, as a result of a massive missile attack by Iran against Israel and a missile hitting a residential building in Bat Yam, five Ukrainian citizens were killed, including three minors, the Ukrainian Foreign Ministry reported.
According to the ministry, the identities of the victims are currently being established.
Ukrainian diplomats and consuls are in close contact with the Israeli police and other services to identify and organize the repatriation of the bodies of the victims.

 

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Comparative analysis of economies of Israel and Iran

Comparative analysis of the economies of Israel and Iran

Indicator Iran Israel
GDP ~$400 billion ~$540 billion
GDP per capita ~$4 400 ~$54 200
Public debt/GDP ~18 % ~67 %
Military expenditures 2.5% of GDP ($10 billion) 5% of GDP ($27 billion)
Currency/gold reserves ~$7.7 billion ~$76 billion
Innovation indicators ~1 patent/million people ~74 patents/million people, developed hi-tech

 

 

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Former head of Naftogaz predicts gas price increases due to war between Israel and Iran

Israel’s strikes on Iran’s gas infrastructure will push up gas prices in Europe, which means they may also rise in Ukraine, according to Andriy Kobolev, former head of the board of Naftogaz Ukraine.

“Israel has begun to destroy Iran’s gas infrastructure with drones… For those wondering what to do about gas purchases for this winter: this will have a significant impact on the balance (and therefore the price) of natural gas in Europe,” he wrote on Facebook on Sunday.

Kobolev explained that Iran had been supplying gas to Turkey, which resold it to the EU, but now, due to Israeli strikes, Iranian gas is at risk of being cut off, and the Turks will not be able to replace it with Russian gas because both gas pipelines are almost fully loaded.

“Therefore, Turkey will be forced to either reduce gas supplies to the EU or increase the share of more expensive LNG. In any case, this will push prices up in the EU. And if Israel continues to attack the Iranian gas sector, part of Russian gas may be redirected to Iran,” the former head of Naftogaz concluded, advising to prepare for such an impact on prices.

As reported, Ukraine was forced to return to significant gas imports from Europe due to Russian strikes on gas infrastructure.

According to the Ukrainian Gas Transmission System Operator (OGTSU), 501 million cubic meters were imported in May (54% via Hungary, 33% via Poland, and 12% via Slovakia), or 16.1 million cubic meters per day. At the same time, former OGTSU board chairman Serhiy Makogon believes that Ukraine needs to import approximately 870 million cubic meters per month, or 29 million cubic meters per day, to achieve last year’s planned gas storage targets in underground gas storage facilities (UGS).

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