The Czech oil and gas company MND is considering investing at least $60 million in hydrocarbon production projects in Ukraine as part of a partnership with the Naftogaz Group.
Naftogaz and MND signed a memorandum of understanding on potential cooperation regarding three existing production-sharing agreements between Ukrgazvydobuvannya and the Ukrainian government. The document was signed during the Carpathian Eight Summit, the group reported.
If the agreements are implemented, MND will be able to participate in the development of Ukrainian fields and contribute its own capital, technology, and operational expertise to the projects.
The initial investment under the three agreements could total $60 million. However, the Czech company’s participation has not yet been finalized—it will depend on the results of the relevant competitive selection process.
Naftogaz views attracting international oil and gas companies as one of the tools for increasing its own gas production amid regular Russian attacks on Ukraine’s energy infrastructure.
Serhiy Fedorenko, acting head of Naftogaz, noted that the group is interested in international partners capable of bringing investment, modern technologies, and practical experience.
In turn, Yana Gamrshmidova, CEO of the energy division at MND Group, stated that the company is already contributing to Ukraine’s energy resilience and intends to introduce new technologies and create jobs.
MND is of particular interest as a strategic investor because it is not a financial institution but an active European energy company with its own expertise in hydrocarbon exploration and production.
For Ukraine, attracting such a partner could mean not only an inflow of foreign capital but also access to field development technologies and management expertise from the European oil and gas industry.
The memorandum is not yet a final investment agreement. The parties must still agree on the terms of cooperation, and MND’s potential participation in production-sharing agreements must go through the procedures required by law.
However, the announced initial investment of $60 million makes the initiative one of the most significant new projects involving private European capital in Ukraine’s extractive industry.
China is ready to remain a reliable partner of Ukraine and to expand mutually beneficial cooperation between the two countries, said Ma Shenkun, Ambassador of the People’s Republic of China to Ukraine.
“The economies of China and Ukraine are highly complementary, so cooperation between the two countries has broad prospects. China is ready to be a reliable partner of Ukraine. We are committed to further expanding mutually beneficial cooperation, bringing greater benefits to the peoples of both countries, and jointly opening up new prospects for the development of China-Ukraine relations,” the ambassador said during a reception in Kyiv marking the 77th anniversary of the founding of the People’s Republic of China.
The event was attended by Ukraine’s Deputy Minister of Foreign Affairs Yevhen Perebyinis, as well as representatives of the diplomatic corps, Ukrainian government and civil society organizations, the business community, and the Chinese community.
Ma Shengkun noted that 2026 will mark the 15th anniversary of the establishment of the China-Ukraine strategic partnership, and in 2027, the two countries will celebrate the 35th anniversary of the establishment of diplomatic relations.
According to him, China has remained Ukraine’s largest trading partner for many years and is one of the main sources of Ukrainian imports.
The ambassador highlighted the development of bilateral trade in agricultural products. Specifically, in 2025, Ukraine and China signed protocols opening opportunities for the export of Ukrainian peas and wild-caught aquatic biological resources, and in 2026, they signed a protocol regarding the export of Ukrainian wheat flour to China.
“This creates a solid foundation for the further expansion of Ukrainian agricultural exports,” noted Ma Shenkun.
Speaking about the state of the Chinese economy, the diplomat reported that China’s GDP in the first half of 2026 reached 69.6 trillion yuan, an increase of 4.7% compared to the same period last year.
According to him, China intends to continue developing high-tech manufacturing, new energy, artificial intelligence, robotics, and innovative pharmaceuticals, while simultaneously opening its economy further to the outside world.
Ma Shengkun also addressed Beijing’s position on the war in Ukraine. He stated that China advocates for a political settlement and the continuation of diplomatic efforts.
“China will continue to stand firmly on the side of peace and support all efforts that promote peace. In turn, China will continue to play a constructive role in facilitating the swiftest possible ceasefire and cessation of hostilities and, ultimately, the achievement of a peace agreement,” the ambassador stated.
He noted that nearly two years of work in Ukraine have convinced him that the Ukrainian economy has significant potential for further development and cooperation with China.
A significant portion of the ambassador’s speech was devoted to the achievements of the PRC’s 77-year development. Ma Shengkun noted that China has become the world’s second-largest economy, a global leader in the volume of merchandise trade, and one of the main trading partners of more than 160 countries and regions.
The diplomat also stated Beijing’s intention to continue international cooperation within the framework of the “Belt and Road” initiative, which, he said, has been joined by over 150 countries and more than 30 international organizations, with the number of infrastructure and industrial projects currently underway exceeding 4,000.
According to a study by the Experts Club think tank, China ranked first among Ukraine’s largest trading partners in the first half of 2026. Trade between the countries totaled approximately $14.68 billion, including imports of Chinese goods to Ukraine of about $13.9 billion and Ukrainian exports to China of about $778 million. China accounted for about 21.9% of Ukraine’s total trade with its 50 largest trading partners and 29.4% of imports from this group of countries. At the same time, Ukraine’s trade deficit with China amounted to approximately $13.12 billion. Experts Club study on Ukraine’s largest trading partners in the first half of 2026
According to data from the State Customs Service, this trend continued in January–August 2026: China remained the largest supplier of goods to Ukraine, with imports totaling over $19.6 billion.
The People’s Republic of China recognized Ukraine’s independence on December 27, 1991, and diplomatic relations between the two countries were established on January 4, 1992. The Embassy of the People’s Republic of China in Kyiv began operations in 1992. That same year, the Embassy of Ukraine in Beijing began operations. In 2011, Ukraine and China established a strategic partnership.
Andriy Butenko, Ukraine’s Minister of Education and Science, discussed with Seymur Mardaliyev, the Ambassador of the Republic of Azerbaijan to Ukraine, the recognition of higher education documents, the expansion of cooperation between universities, and the preparation of bilateral events in the field of education and science.
“As of early 2026, more than 5,400 Azerbaijani citizens were studying in Ukraine—about one-third of all international students. The Ukrainian side reaffirmed its interest in maintaining this cooperation and creating appropriate conditions for pursuing an education,” according to a statement from the Ministry of Education.
It is noted that special attention was given to the recognition of diplomas from Ukrainian higher education institutions in Azerbaijan.
In particular, the Ukrainian side proposed to thoroughly examine the relevant issues within the framework of a specialized working group.
The meeting also addressed the issue of documentation required for the admission and arrival of Azerbaijani students coming to study in Ukraine.
In addition, the meeting participants discussed preparations for a visit to Azerbaijan by a delegation from the Ministry of Education led by Deputy Minister Mykola Trofimenko.
“The proposed program includes a working group meeting on the recognition of educational documents, as well as meetings with the leadership of the relevant ministry and university rectors. The visit is intended to facilitate the development of joint decisions and the establishment of direct partnerships between higher education institutions in both countries. The possibility of organizing a meeting between the education ministers of Ukraine and Azerbaijan by the end of this year was also discussed,” the statement reads.
The parties also discussed preparations for the 14th meeting of the Joint Intergovernmental Commission on Economic Cooperation and the signing of an intergovernmental agreement on scientific and technical cooperation.
On September 24, PJSC “Ukrnafta” (Kyiv) announced its intention to enter into an insurance contract with Guardian Insurance Company to cover the liability of holders of special permits for the use of oil and gas-bearing subsoil resources during the development of such resources, in cases provided for by the Law “On Oil and Gas.”
According to the Prozorro electronic public procurement system, the company’s bid amounted to 527,000 UAH, compared to the expected cost of 952,000 UAH for the services.
Insurance Company “Ultra Alliance” also participated in the tender with a bid of 850,000 UAH.
As previously reported, Guardian Insurance Company was the winner of a similar tender a year ago.
NovaSklo, a subsidiary of the Ukrainian investment group EFI Group, has moved on to the next practical phase of implementing the project for Ukraine’s first modern float glass plant, valued at approximately 250 million euros—the company has begun the selection process for a general contractor for the construction of the facility.
The tender was announced on September 18, 2026. NovaSklo is seeking a contractor capable of performing the full scope of construction work for a large industrial facility.
The project is being implemented in Velyka Dymerka, Kyiv Oblast, approximately 25 km from Kyiv. According to materials from the International Finance Corporation (IFC), the future plant is designed to produce approximately 800 metric tons of glass per day. The facility will manufacture clear, ultra-clear, and energy-efficient coated glass, as well as tempered glass.
The IFC is providing advisory support for the project in collaboration with Japan. The corporation estimates the project’s total cost at €250 million, with construction scheduled to begin in late 2026 and the plant set to begin operations in 2028.
The international component of the project extends beyond IFC’s financing and advisory services. NovaSklo’s technology partner is Pilkington Technology Management, a subsidiary of Japan’s NSG Group, one of the world’s largest manufacturers of architectural and automotive glass.
NSG specialists will support the project during the design, construction, and production line launch phases, including technology optimization, energy efficiency, and industrial safety systems.
Once it reaches its designed capacity, the plant is expected to create more than 300 jobs and become Ukraine’s first large-scale float glass production facility.
The economic impact of the project could extend far beyond the plant itself. Ukraine remains dependent on imported flat glass, while the reconstruction of housing, commercial real estate, and infrastructure in the coming years is expected to generate significant domestic demand.
The establishment of domestic production will make it possible to replace a portion of imports and create a local raw materials and processing supply chain for manufacturers of windows, facade systems, insulated glass units, and other building materials.
At the same time, NovaSklo is establishing an international supply chain even before the plant’s launch. In June 2026, NovaSklo Trade signed an exclusive agreement to distribute Pilkington architectural glass in Ukraine.
Thus, the project brings together Ukrainian industrial capital, the technology of Japan’s NSG Group, the expertise of the IFC, and support from Japan, and is one of the largest new industrial projects currently being prepared for construction in Ukraine.
Oleksandr Symchyshyn, mayor of Khmelnytskyi, has been awarded the title of “Mayor of the Year (Large Cities)” in the 30th anniversary edition of the nationwide “Person of the Year 2025” program.
Symchyshyn has led Khmelnytskyi since 2015. He also serves as chairman of the Khmelnytskyi regional branch of the Association of Ukrainian Cities.
Supporting the Ukrainian Armed Forces remains one of the key priorities for the Khmelnytskyi community amid the full-scale war. In recent years, the city has consistently ranked among the leaders in the volume of such assistance, according to various rankings. Local authorities also devote significant attention to veteran and social policies.
Based on the results for 2025, the Khmelnytskyi City Territorial Community took first place in the “Best Social Community” competition.
Transparency in governance remains a priority for city officials. The Khmelnytskyi community received the national award “For Consistency in Open Governance,” and according to research by Transparency International Ukraine’s “Transparent Cities” program, Khmelnytskyi was included in the list of cities with high transparency scores, particularly in the financial and budgetary spheres.
At the same time, the city continues to modernize its public infrastructure. According to data provided by the program’s organizers, nearly 90% of Khmelnytskyi’s trolleybus and bus fleet has been updated, and 44 new trolleybuses have entered service over the past year.
Another major infrastructure initiative has been the modernization of the waste management system. Khmelnytskyi is implementing a comprehensive project designed to transform the system for collecting, sorting, and recycling municipal waste.
The community is paying special attention to energy sustainability and the development of distributed generation. The “2 MWe of Sun” project for the municipal utility “Khmelnytskyi Vodokanal” won the 100 gREen AWARD-2025. In 2025, the Khmelnytskyi community also joined the European Energy Award program.
Khmelnytskyi’s international ties are actively expanding. The community is developing partnerships with Stuttgart and Dresden in Germany, and in 2025 received the “Best Practice 2025” award from the U-LEAD with Europe program.
A new direction in international cooperation was the establishment of a sister-city relationship with the American city of Tampa, Florida. The parties signed not only a main partnership agreement but also cooperation agreements in several areas.
In particular, Khmelnytskyi and Tampa plan to develop cooperation in the fields of business and investment, education, renewable energy, healthcare, digitalization, and culture. For Khmelnytskyi, the partnership with one of Florida’s major economic centers opens up additional opportunities to attract international projects and investments.
Oleksandr Symchyshyn was born on November 4, 1980, in the village of Yosypivka in the Khmelnytskyi region. He graduated from the History Department of the Kamianets-Podilskyi State Pedagogical University, completed graduate studies, and defended his dissertation, earning a Candidate of Historical Sciences degree.
The nationwide “Person of the Year” program has been held in Ukraine since 1995 and honors representatives from various spheres of public, economic, cultural, and professional life. “Person of the Year 2025” marks the program’s 30th anniversary.
Open4Business is the information partner of the nationwide “Person of the Year” program.
community, KHMELNYTSKYI, local self-government, PERSON OF THE YEAR, Олександр Симчишин
