Business news from Ukraine

Business news from Ukraine

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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FOREIGN COMPANIES JOIN DIIA.CITY

Not only Ukrainian, but also foreign companies are joining Diia.City today, President of Ukraine Volodymyr Zelensky said.
“We want not only Ukrainian, but also foreign companies to become residents of Diia.City. And as far as I know, both the first and the second, well-known, advanced our and foreign companies, are joining Diia.City today,” he said, opening the Diia.Summit on Tuesday.

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UAH 2 MLN ALLOCATED TO PROMOTE UKRAINIAN CUISINE

Head of the State Agency of Ukraine for Tourism Development Maryana Oleskiv announced the allocation of about UAH 2 million to implement a strategy to promote Ukrainian cuisine in 2022, as well as another UAH 4 million to host the gastronomic conference Gastromasa in Ukraine. “We have a really cool cuisine, well-developed gastronomy, restaurant culture and business. This can become one of those tourist products that will attract foreign tourists,” Oleskiv said in a comment to the Interfax-Ukraine agency.
In addition, she noted that UAH 50 million, which are provided to the department for marketing programs, also includes the promotion of gastronomy.
Oleskiv noted that the state tourism agency will work on the issue of promoting gastroculture together with the Ministry of Culture and Information Policy of Ukraine. In particular, the matter concerns working with researchers and chefs.
“Our task is to work with chefs, help them learn, bring other chefs here, bring international events, talk to various international events so that they invite our chefs… When this networking comes true, it will be a big plus for the development of gastronomy here,” she added.
Among the important tasks, Oleskiv noted the need to identify regional cuisines for individual regions, create a basket of products and dishes for promotion in the world, and launch appropriate advertising campaigns.
“After we form a strategy, think over some targeted events, make videos, make paid advertising on gastronomy,” she said.

UKRAINE, POLAND PLAN A HIGH-SPEED RAILWAY COMMUNICATION BETWEEN CAPITALS

Germany has prepared a loan for Ukraine to develop projects in the hydrogen energy and plans to provide further financial assistance in this sector, German Foreign Minister Annalena Baerbock has said.
“We, like the EU, invest in many projects in Ukraine. Therefore, the last time I made it clear that with regard to hydrogen, we will implement projects together with German business. Therefore, we have prepared a financial loan and are planning further financial assistance in this sector, because we, as a partner, are on the side of Ukraine,” Baerbock said at a press conference with Ukrainian Foreign Minister Dmytro Kuleba in Kyiv on Monday.
In turn, Kuleba said that Ukraine and Germany agreed on concrete further steps in this area.
“We all know the subject of Nord Stream 2, but our countries do not live by it alone. We have a serious future that we want to create around renewable energy sources. In this regard, we paid special attention to projects in hydrogen energy, which should ideally connect our economies and be mutually beneficial for our states. We agreed on concrete further steps in this area,” the head of the Ukrainian Foreign Ministry said.

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