Business news from Ukraine

Business news from Ukraine

SPANISH FM COMES TO UKRAINE ON FEB 8-9

Minister for Foreign Affairs, European Union and Cooperation of Spain José Manuel Albares Bueno will pay a visit to Ukraine on February 8-9 at the invitation of Foreign Minister Dmytro Kuleba.
According to the press service of the Ukrainian Foreign Ministry, the ministers will hold talks, the key topics of which will be support and containment of the Russian Federation from further aggression. The parties will also discuss the increase in trade and investment between Ukraine and Spain.
On Wednesday, February 9 at 10:20, the ministers will hold a joint online press conference.

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FRANCE PROVIDES EUR 1.2 BLN TO UKRAINE

EU macro-financial assistance in the amount of EUR 1.2 billion, in providing which France has taken an active part, will be used to stabilize the Ukrainian economy, President of Ukraine Volodymyr Zelensky has said following a meeting with French President Emmanuel Macron.
“Economic support is very important, and we really appreciate such a step of solidarity with other states, a powerful step on the part of Emmanuel, on the part of France – the allocation of EUR 1.2 billion in macro-financial assistance to Ukraine. This will really help us stabilize our economy. We are already doing well, but this is a powerful step for the economic sustainability of Ukraine,” Zelensky said at a joint press conference with Macron on Tuesday in Kyiv.

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UKRZALIZNYTSIA AND ALSTOM SIGN MEMORANDUM

CEO of Ukrzaliznytsia JSC Oleksandr Kamyshin and CEO of Alstom Henri Poupart-Lafarge have signed a memorandum of understanding.
The signing took place at a press conference of Presidents of Ukraine and France Volodymyr Zelensky and Emmanuel Macron in Kyiv on Tuesday.
Earlier, at this press conference, Zelensky said that on February 8, Ukraine and France finalized the agreements and switched to the practical stage the implementation of the project on the supply of 130 ALSTOM locomotives worth EUR 900 million.
As reported, in May, Ukraine and France signed a framework intergovernmental agreement on financing the supply of 130 heavy-duty electric locomotives worth EUR 900 million for Ukrzaliznytsia by Alstom. The document was ratified by the Verkhovna Rada on July 1, 2021.
Alstom welcomed the ratification of the intergovernmental agreement and said that “the next important step is the signing of commercial agreements in the second half of 2021.” This will allow Alstom to start supplying locomotives to the Ukrainian market, which will also include 35% local content associated with the production and maintenance of electric locomotives.
Alstom is one of the world leaders (along with Siemens and Bombardier) in the production of power equipment and railway transport. It operates in more than 70 countries.

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UKRAINIAN BANKS’ CASH EXCHANGE RATES ON 08/02/22

Ukrainian banks’ cash exchange rates on 08/02/22

Source: Interfax-Ukraine

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UKRGASVYDOBYCHA LAUNCHES NEW WELL

JSC Ukrgazvydobuvannia launched a new exploration well at the Bezpalivske field in Kharkiv region with a flow rate of 160,000 cubic meters of gas per day, according to a press release from the company.
“The Bezpalivske field is relatively young. At present, the field’s reserves amount to more than 4 billion cubic meters of gas, and we continue to explore the field – we have carried out 3D seismic surveys, we are drilling exploratory wells,” Oleksandr Romaniuk, the director of the Naftogaz Exploration and Production division, said.
According to him, in 2018 Ukrgazvydobuvannia also launched a modern complex gas treatment unit and is intensifying production at already operating wells. As a result, over the past four years, the company has managed to quadruple production at this field, to 222 million cubic meters of gas in 2021.
“In 2022, we expect this positive trend to continue, the new well will contribute to this,” Romaniuk stressed.
The location for drilling a well with a depth of 5,200 meters was determined based on the results of 3D seismic surveys conducted in 2020.
The Bezpalivske field was put into pilot development in 1995. During this time, 27% of the initial gas reserves were produced at the field.
NJSC Naftogaz Ukrainy owns 100% of the shares of Ukrgazvydobuvannia.

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UKRAINIAN CRYPTO INDUSTRY GROWS FIVEFOLD IN 2021

KYIV. Feb 8 (http://www.fixygen.ua/)- The crypto industry in Ukraine grew fivefold in 2021, Oleksandr Borniakov, the Deputy Minister of Digital Transformation for IT Development, the head of the Diia.City project, said.
“The crypto industry should become a powerful driver for the development of the digital economy of Ukraine. In 2021 alone, the crypto industry has grown fivefold. I don’t know any other sectors of the economy that would grow at such a pace. Some $33 billion was invested by venture investors in the blockchain ecosystem. Ukraine can become a comfortable country for multi-billion dollar companies from all over the world,” he said at the Diia Summit in Kyiv.
According to Borniakov, the number of investments and start-ups also increased last year.

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