Business news from Ukraine

PJSC “Ukrnafta” signed a memorandum of cooperation with Deutsche Bank

PJSC Ukrnafta has signed a memorandum of cooperation with Deutsche Bank to attract financing for the construction of a gas-fired maneuverable generation facility, the company’s press service has reported.

In addition, the company signed a memorandum of understanding with Siemens Energy at the conference on Ukraine’s recovery held in Berlin. The agreement will help obtain expertise and develop new projects based on steam and gas turbines for combined heat and power generation.

“The most important issue now is to strengthen the Ukrainian energy system, which has been devastated by Russian attacks. Decentralization and increasing efficiency. “Ukrnafta has become part of this process. It is part of the company’s ESG strategy, particularly as an organic process of expanding the value chain. It is also important from the point of view of the company’s social responsibility,” said the company’s director Serhiy Koretskyi.

Earlier, Ukrnafta and Ukrhydroenergo said that EUR300m allocated by the European Bank for Reconstruction and Development (EBRD) to support Ukraine’s energy sector will be used to implement their projects to restore generating capacity by building new maneuverable generation.

As reported, Ukraine, with the help of partners, intends to build up to 1 GW of gas-fired maneuverable generation in 2024 and another 4 GW in the coming years.

“Ukrnafta” – the largest oil company in Ukraine, is the operator of the national network of gas stations of 537 stations, of which 456 are in operation. The company is implementing a comprehensive program to revitalize its operations and update the format of its network’s gas stations. Since February 2023, Ukrnafta has been issuing its own fuel coupons and NAFTACard, sold to legal entities and individuals through Ukrnafta-Postach LLC.

Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50%+1 share stake. On November 5, 2022, the Supreme Commander-in-Chief of the Ukrainian Armed Forces decided to transfer to the state the share of corporate rights of the company owned by private owners, which is now managed by the Ministry of Defense.

Wind squalls up to 27 m/s in western regions of Ukraine

Ukrhydrometcenter warns that difficult weather conditions – rain, thunderstorms, in some areas hail and squalls – in the western regions of Ukraine will remain until the end of the current day.

“Until the end of the day on June 22 in the western regions of thunderstorms, in some areas hail and squalls 17-22 m / s; in Rivne, Lviv, Ternopil, Ivano-Frankivsk, Chernivtsi and Transcarpathian regions significant rain (І level of danger, yellow),” – stated in the message of the Ukrhydrometcenter on Saturday afternoon.

It is reported that in Rivne, Lviv, Ternopil, Ivano-Frankivsk regions in some areas squalls 25-27 m/s (II level of danger, orange).

Ukrainian citizens are divided in their attitude to Tajikistan – study

Active Group and Experts Club have conducted a joint study on the attitudes of Ukrainians towards the countries of East Asia and the Middle East. The research was presented at the Interfax-Ukraine news agency in June 2024. The research was presented by Maksym Urakin and Oleksandr Poznyi. The results of the study are as follows:

The results of the survey are as follows:
Completely positive – 5.3%.
Mostly positive – 24.4
Mostly negative – 21.8
Completely negative – 6.2
Difficult to answer – 42.3%.
Positive – Negative – 1.7

Diplomatic relations between Ukraine and the Republic of Tajikistan were established on April 24, 1992. Since December 2010, the Embassy of the Republic of Tajikistan in Ukraine has been operating with a residence in Kyiv.

A joint study by Active Group and Experts Club on the attitudes of Ukrainians towards East Asia and the Middle East was conducted in April-May 2024. It covers such countries as Turkey, Iran, Israel, Egypt, Jordan, Saudi Arabia, UAE, Afghanistan, Pakistan, Azerbaijan, Uzbekistan, Turkmenistan, Kyrgyzstan, Tajikistan, Kazakhstan, Georgia, Armenia, India, China, Republic of Korea, DPRK, Japan, Vietnam, Indonesia, Syria, and Iraq. Full information on the research is available on the website of the Club of Experts at

https://expertsclub.eu/rezultaty-spilnogo-socziologichnogo-doslidzhennya-provedenogo-experts-club-ta-kompaniyeyu-active-group-shhodo-stavlennya-ukrayincziv-do-krayin-blyzkogo-shodu-ta-czentralnoyi-aziyi/

Video – https://interfax.com.ua/news/video/986648.html

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One-third of Ukrainians have positive attitude towards Kyrgyzstan, 42% have not determined their attitude to this country – survey

Active Group and Experts Club have conducted a joint study on the attitudes of Ukrainians towards the countries of East Asia and the Middle East. The research was presented at the Interfax-Ukraine news agency in June 2024. The research was presented by Maksym Urakin and Oleksandr Poznyi. The results of the study are as follows:

The results of the survey are as follows:
Completely positive – 6.2%.
Mostly positive – 26.8
Mostly negative – 18.9 %.
Completely negative – 5.7
Difficult to answer – 42.3%.
Positive – Negative – 8.4

On September 19, 1992, diplomatic relations were established. In 1993, the Embassy of the Kyrgyz Republic was opened in Kyiv, and in 2000, the Embassy of Ukraine in Kyrgyzstan.

The joint research by Active Group and Experts Club on the attitudes of Ukrainians towards the countries of East Asia and the Middle East was conducted in April-May 2024. It covers such countries as Turkey, Iran, Israel, Egypt, Jordan, Saudi Arabia, UAE, Afghanistan, Pakistan, Azerbaijan, Uzbekistan, Turkmenistan, Kyrgyzstan, Tajikistan, Kazakhstan, Georgia, Armenia, India, China, Republic of Korea, DPRK, Japan, Vietnam, Indonesia, Syria, and Iraq. Full information on the research is available on the website of the Club of Experts at

https://expertsclub.eu/rezultaty-spilnogo-socziologichnogo-doslidzhennya-provedenogo-experts-club-ta-kompaniyeyu-active-group-shhodo-stavlennya-ukrayincziv-do-krayin-blyzkogo-shodu-ta-czentralnoyi-aziyi/

Video – https://interfax.com.ua/news/video/986648.html

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50% of Ukrainians have positive attitude towards Kazakhstan – study by Experts Club and Active Group

Active Group and Experts Club have conducted a joint study on the attitudes of Ukrainians towards the countries of East Asia and the Middle East. The research was presented at the Interfax-Ukraine news agency in June 2024. The research was presented by Maksym Urakin and Oleksandr Poznyi. The results of the study are as follows:

The results of the survey are as follows:
Completely positive – 9.3%.
Mostly positive – 40.9%.
Mostly negative – 13.2
Completely negative – 2.6
Difficult to answer – 34%.
Positive – Negative – 34.4

On July 22, 1992, the Republic of Kazakhstan and Ukraine established diplomatic relations. The Embassy of the Republic of Kazakhstan in Ukraine was opened in December 1994.

A joint study by Active Group and Experts Club on the attitudes of Ukrainians towards East Asia and the Middle East was conducted in April-May 2024. It covers such countries as Turkey, Iran, Israel, Egypt, Jordan, Saudi Arabia, UAE, Afghanistan, Pakistan, Azerbaijan, Uzbekistan, Turkmenistan, Kyrgyzstan, Tajikistan, Kazakhstan, Georgia, Armenia, India, China, Republic of Korea, DPRK, Japan, Vietnam, Indonesia, Syria, and Iraq. Full information on the research is available on the website of the Club of Experts at

https://expertsclub.eu/cpilne-doslidzhennya-kompaniyi-active-group-ta-experts-club-shhodo-stavlennya-ukrayincziv-do-krayin-shidnoyi-aziyi-ta-blyzkogo-shodu/

Video – https://interfax.com.ua/news/video/993142.html

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Net sales of foreign currency by NBU amounted to $722 mln over week

This week, the National Bank of Ukraine (NBU) reduced net sales of dollars on the interbank market to $722.6 million from $897.8 million the previous week, according to the regulator.

According to the data, the central bank bought $0.23 million last week, while selling $722.8 million.

The official hryvnia exchange rate increased by 0.5%, or 20 kopecks, over the week, in particular, on Friday it strengthened by 7 kopecks to 40.4478 UAH/$1. On the cash market, the dollar also fell by 20 kopecks to 40.84 UAH/$1.

Since the beginning of 2024, the official hryvnia exchange rate has fallen by 6.4%, or UAH 2.44, and since the National Bank switched to a managed flexibility regime on October 3, 2023, it has fallen by 10.6%, or UAH 3.88.

According to the data published by the NBU during this period, from Monday to Wednesday, the negative balance between the volume of foreign currency purchases and sales by the population widened from $39.32 million to $43.35 million.

As reported, the NBU’s net interventions in May increased to $3.07 billion from $2.28 billion in April this year and $1.93 billion in May last year. Ukraine’s international reserves, according to preliminary estimates of the National Bank, decreased by 7.9%, or $3.4 billion, to $39 billion 033.8 million last month.

At the same time, the official hryvnia exchange rate weakened by 90 kopecks in May, from 39.6370 UAH/$1 to 40.5373 UAH/$1, gradually updating its historical lows every day in the last ten days of the month and approaching the average annual exchange rate of 40.7 UAH/$1 set in the state budget for 2024. In the cash market, the hryvnia also weakened by UAH 1.24 over the month to UAH 41.05/$1.

The National Bank explained this weakening by the government’s increased spending after receiving external financing in March-April, as well as the impact of the largest package of currency restrictions for businesses since the start of the full-scale war announced on May 3.