Business news from Ukraine

Business news from Ukraine

JOE BIDEN TO HOST UKRAINIAN PRESIDENT ZELENSKY AT WHITE HOUSE OVAL OFFICE, NO JOINT BRIEFING SCHEDULED

On Wednesday, U.S. President Joe Biden will hold a bilateral meeting with Ukrainian President Volodymyr Zelensky, who is paying a working visit to the United States.
The leaders’ talks are scheduled for 21:00 Kyiv time (14:00 local time) in the Oval Office of the White House, according to the public schedule of the U.S. President. The next event in Biden’s schedule is the weekly economic briefing at 4:30 p.m., which means that the presidents of the United States and Ukraine will not hold a joint briefing on the results of the talks.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 01/09/21

National bank of Ukraine’s official rates as of 01/09/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF SEPTEMBER 01

Official rates of banking metals from national bank as of September 01

One troy ounce=31.10 grams

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DEPUTY PRIME MINISTER IN FAVOR OF OPENING OFFICES OF GOOGLE, YOUTUBE IN UKRAINE

Deputy Prime Minister, Minister of Digital Transformation of Ukraine Mykhailo Fedorov calls for the opening of separate representative offices of Google and YouTube in the country.
“The team of the Ministry of Digital Transformation is to meet with the Google team. We will talk about the company’s development plans in Ukraine. We really want to see separate representative offices of Google, YouTube in Ukraine,” Fedorov said on the air of the Ukraine 24 TV channel during his working visit to Washington (the United States).
According to him, during military aggression, it is necessary that the content is moderated in Ukraine, and not in Russian offices.

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POLISH PGNIG PLANS TO INVEST $50 MLN IN GAS PRODUCTION IN UKRAINE

Polish PGNiG plans to invest $50 million in gas production in western Ukraine at the first stage as part of a partnership with the Energy Resources of Ukraine (ERU) group of companies, MP Andriy Gerus has said.

“At the first stage, it is planned to invest $50 million. And in the future, the volume of investments may reach up to $500 million,” he wrote on his Facebook page after attending the 24th Gazterm gas conference in Poland.

As reported, early December 2019, the Polish company PGNiG SA and the Ukrainian group of companies ERU signed an agreement on the exploration and production of natural gas in Lviv region. The agreement provides for the drilling of an exploration well up to 2,500 meters deep at the initial stage, and measures to design the location of other wells.

In May 2021, the Antimonopoly Committee of Ukraine (AMCU) allowed PGNiG SA to acquire over 50% in Karpatygazvydobuvannia LLC, which belongs to ERU.

Energy Resources of Ukraine (ERU) is a group of companies with foreign investments specializing in the implementation of projects in the Ukrainian energy sector. It is one of the largest private importers of natural gas and electricity to the country. ERU Group belongs to Yaroslav Mudry and Dale Perry.

PGNiG is the largest oil and gas company in Poland, engaged in the development of gas and oil fields, production, storage and transportation of energy resources, as well as construction and development of oil and gas transport networks, export and import of gas.

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