Slovakia is ready to allocate approximately EUR 84 million in loans and grants for the implementation of projects to restore and develop the infrastructure of NEC Ukrenergo.
The company announced this on Friday, citing investment director Oleg Pavlenko.
“In particular, we are talking about the construction of a new high-voltage line in a region that has been severely affected by Russian shelling, the construction of a new Ukrenergo substation, and the reconstruction of an existing one,” he said.
According to Pavlenko, the implementation of each of these initiatives is very important for the system operator, as these measures will significantly strengthen the stability of the Ukrainian energy system.
UkrEnergo executives discussed the implementation of joint projects and the possible participation of Slovak businesses in the restoration of Ukraine’s energy sector with representatives of the Slovak government. In particular, they discussed attracting infrastructure investments under the European program to support Ukraine, Ukraine Facility.
The implementation of projects to restore Ukraine’s energy infrastructure with the support of Slovak partners will be administered by the Export-Import Bank of the Slovak Republic and the Slovak Development Agency with the assistance of the country’s government.
The Central Asia-European Union Economic Forum and Investor Forum will be held in Uzbekistan in November. This was announced by the European Union Ambassador to Tashkent, Toivo Klaar, during the celebration of Europe Day on May 12.
“These forums will open up new business opportunities,” said the head of the diplomatic mission.
As a reminder, during the first Central Asia-European Union summit, which took place in April, the EU announced an investment package for Central Asia worth €12 billion for the development of four areas: transport corridors, critical raw materials, green energy, and satellite internet.
Toivo Klaar also noted that the EU is looking forward to the next Human Rights Dialogue.
In addition, the European Union is expecting a visit by Uzbekistan’s President Shavkat Mirziyoyev to Brussels this year to sign an Agreement on Enhanced Partnership and Cooperation.
“This historic visit will open a new chapter in relations between the EU and Uzbekistan, which will be deepened, diversified, and modernized in many areas,” the EU ambassador said in his speech.
The pharmaceutical company PJSC Borshchagivsky Chemical and Pharmaceutical Plant (BCHF) has changed the composition of its supervisory board.
As reported by the company in the information disclosure system of the National Securities and Stock Market Commission, in accordance with the decision of the annual general meeting on April 30, the shareholders re-elected three ultimate beneficial owners to the supervisory board: Mykola Bezpalka (owns 0.028982% of the authorized capital), Tetyana Artemenko (owns 0.038643% of the share capital), and Oleg Goloborodko (owns 0.038643% of the share capital).
By decision of the meeting, Lyudmila Bezpalko (who owns 1.410491% of the authorized capital) and a representative of the shareholder of PJSC “Farfirma ‘DARNITSA,’ Director of Corporate, Legal Relations and Compliance of ‘Darnitsa’ Sergey Bobylev, were also included in the Supervisory Board.
In addition, the shareholders’ meeting terminated the powers of Supervisory Board member Dmytro Guz.
As reported, BHFZ increased its net profit by almost 17% in 2024 compared to 2023, to UAH 273.402 million. In 2023, BHFZ’s net profit increased by 3.38% compared to 2022, to UAH 262.863 million.
As of the first quarter of 2023, 31.8% of BHFZ shares belonged to the pharmaceutical company PJSC “Pharmaceutical Firm ‘Darnitsa’ (Kyiv). The company’s shareholders also included ‘Beldor Group’ (21.26%) and ‘Lenik Group’ (20.32%).
According to data from the OpenDataBot system, the ultimate beneficiaries of BHFZ are the beneficiaries of the pharmaceutical company Darnitsa, Gleb Zagoriy, Yevgen Sova, Tetiana Artemenko, Mykola Bezpalko, and Oleg Goloborodko.
On May 23, 2025, US President Donald Trump announced his intention to impose a 50% tariff on all goods imported from the European Union starting June 1. This decision was explained by the lack of progress in trade negotiations and accusations of unfair trade policies on the part of the EU.
Trump stressed that the EU is “very difficult to do business with” and that the negotiations are “going nowhere.” He also noted that goods produced in the US will not be subject to the new tariffs.
In addition, Trump threatened to impose a 25% tariff on Apple products if the company does not move iPhone production to the US. This statement caused Apple shares to fall 3% in pre-market trading.
Analysts warn that the introduction of 50% tariffs could lead to a 1.7% decline in GDP in Germany and a 4% decline in Ireland over three years. European markets reacted with a decline: the Stoxx Europe 600 index fell 1.7%, and shares of exporters such as Stellantis and Deutsche Bank lost up to 4.6% in value.
The EU is considering retaliatory measures, including the introduction of tariffs on US goods worth up to €95 billion, including Boeing products, cars, and bourbon. Negotiations between EU and US representatives are continuing, but the prospect of a large-scale trade war is causing concern on both sides.
Thus, the measures announced by Trump could significantly exacerbate trade relations between the US and the EU, affecting global markets and the economy as a whole.
As of 23 May 2025, the cryptocurrency market is showing positive momentum, growing on the back of optimism about regulatory changes in the US and growing institutional interest.
Key Indicators
– Total market capitalisation: $3.53 trillion, up 0.66% over the last day.
– Total trading volume: $456.35bn.
– Bitcoin dominance: 62.38%.
Bitcoin (BTC)
– Current price: $110,856.
– 24-hour high: $111,970.
– Low for the day: $110,404.
Bitcoin continues to consolidate around the $111,000 level, showing stability after reaching an all-time high.
Ethereum (ETH)
– Current price: $2,657.17.
– 24-hour high: $2,727.05.
– Low for the day: $2,664.70.
Ethereum is showing positive momentum, approaching the $2,700 level, which could indicate a potential breakout in the near future.
Other cryptocurrencies
– Solana (SOL): $186, up 23% for the month, capitalisation $96.7 billion.
– BNB: $698, up 9% for the month, capitalisation $98.2bn.
Technical analysis
– Bitcoin: Relative Strength Index (RSI) at 54.21 indicates balanced momentum, which could precede continued upside or a short-term pullback.
– Ethereum: A bull flag formation on the daily chart and rising trading volumes could indicate a potential breakout to the $4,000 level.
General trends
The cryptocurrency market continues to grow on the back of positive news about regulatory changes in the US and growing institutional interest. However, investors should be cautious given the potential market fluctuations.
