Business news from Ukraine

Business news from Ukraine

“Energoatom” and US Westinghouse signed memorandum on introduction of small modular reactors in Ukraine

NAEK Energoatom and the US-based Westinghouse have signed a memorandum of understanding and cooperation on the introduction of SMR 300 small modular reactors in Ukraine, an Interfax-Ukraine correspondent reports.

According to Westinghouse President Patrick Fragman, the SMR 300 will be a good complement to the larger capacity AP 1000 reactors.

Similar memorandums have already been signed by Westinghouse with Slovakia and Finland.

NAEK and Westinghouse also signed a memorandum to extend the exclusivity period of cooperation for the construction of AP1000 units in Ukraine.

“Certain equipment for the construction of AP1000 in Ukraine has already been manufactured in the United States and thus we will accelerate the process of delivery and construction of the unit,” he specified.

Ukraine draws with England in Euro 2024 qualifier

In the second meeting in the Euro 2024 qualifier with England, the Ukrainian national team drew 1-1 for the first time, Suspilne Sport reported on Saturday.

The match took place in Wroclaw, Poland. During the first half, Ukraine scored a goal in the 26th minute, scored by Oleksandr Zinchenko from a pass from Yukhym Konoplya. The English continued to put pressure on Anatoliy Trubin’s goal, and in the 41st minute Kyle Walker scored the equalizer. In the second half, Englishman Bukayo Saka came close to success, but his shot hit the crossbar. The Ukrainian national team successfully held off the opponent until the end of the match and earned a point – 1:1.

This is the second meeting of the teams since the beginning of the year, on March 26, the English won a 2-0 home victory at Wembley Stadium in London thanks to goals by Harry Kane and Bukayo Saku.

As a result, the Ukrainian national team moved to second place in the group standings with seven points. England is in the lead (14 points), Italy is in third place with three points, followed by North Macedonia, also with three points, and Malta, which has not scored any points.

The next match of the Ukrainian national team will be held on Tuesday, September 12, in Milan, where it will meet the Italian national team.

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Lithuania and Ukraine plan to resume passenger rail transportation on Kyiv-Warsaw-Vilnius route

Ukraine and Lithuania intend to resume passenger rail transportation on the Kyiv-Warsaw-Vilnius route, move veterinary and phytosanitary inspections of transit cargo from Ukrainian-Polish border crossings to the port of Klaipeda, and start Ukrainian airlines flying from the country’s airports, Deputy Minister of Community, Territorial and Infrastructure Development Oleksandra Azarkhina wrote on Facebook.

According to her, these issues were discussed at a meeting of the Intergovernmental Ukrainian-Lithuanian Commission on Trade, Economic, Scientific and Technical Cooperation chaired by Deputy Prime Minister for the Reconstruction of Ukraine and Minister of Community Development, Territories and Infrastructure Oleksandr Kubrakov and Minister of Economy and Innovation of the Republic of Lithuania Aushrine Armonaitė.

“Regarding cooperation in the transport sector, we discussed the main directions of restoring and expanding transport links between Ukraine and Lithuania. Namely: the possibility of resuming passenger transportation by rail and further development of the Kyiv-Warsaw-Vilnius route; bilateral cooperation with the involvement of EU institutions to include Yahodyn-Dorogousk in the Trans-European Transport Network; transfer of veterinary and phytosanitary inspections of transit cargo from Ukrainian-Polish border crossings to the port of Klaipeda; development of new routes for the transportation of goods through Poland, which will increase cargo turnover and expand the range of railroad services.

It is noted that, according to the Lithuanian side, the facilitation of procedural requirements at the Ukrainian-Polish border will allow transporting up to 500 thousand tons of Ukrainian agricultural products per year to the port of Klaipeda. Lithuania also plans to install bogie change terminals for railroad tracks, which will also help increase cargo turnover between the two countries.

In addition to the development of railway communication, the Lithuanian side suggested that Ukrainian airlines consider starting operations in Lithuania and participating in national tenders for strategic destinations.

“We have agreed to deepen cooperation in the aviation sector and hope to resume air travel between Lithuania and Ukraine in the near future,” Azarkhina wrote.

Earlier, Lithuania confirmed the need for the EU to subsidize the transportation of Ukrainian grain through Klaipeda.

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On Monday and Tuesday in Kyiv 24-27°

On Monday, September 11, Ukraine will have no precipitation, wind of variable directions, 3-8 m/s, temperature at night 5-10°, on the seashore up to 13°; during the day 19-24°, in Transcarpathia up to 30°, reports Ukrhydrometcenter.

No precipitation in the capital on September 11. Wind of variable directions, 3-8 m/s. Temperature at night 8-10°, during the day 22-24°.

According to the Borys Sreznevsky Central Geophysical Observatory. On September 11, the highest daytime air temperature was 33.6° in 1898, and the lowest at night was 4.7° in 1935 and 1968.

On Tuesday, September 12, it will be mostly dry in Ukraine, with only light short-term rain and thunderstorms in the Carpathians during the day. Wind of variable directions, 3-8 m/s.

The temperature will be 9-14° at night; 23-28° during the day, up to 30° in Odesa, Zakarpattia and Prykarpattia, 20-22° in the eastern regions.

The weather forecast for Kyiv on September 12 is without precipitation, wind of variable directions, 3-8 m/s, temperature at night 12-14°, during the day 25-27°.

Exports of Ukrainian grain under Black Sea Initiative have reduced world food prices by 23%

Successful exports of Ukrainian grain under the Black Sea Grain Initiative have helped to reduce world prices and strengthen food security, according to a report published on Twitter by the Ministry of Defense of the United Kingdom of Great Britain and Northern Ireland on Friday.

“During this initiative, more than 32 million tons of food entered the world market, and the food price index fell by 23% compared to its peak in March 2022. Developing countries have particularly benefited from lower prices, as well as from direct grain imports from Ukraine,” the statement said.

At the same time, Russia’s withdrawal from the Black Sea Grain Initiative has led to a reduction in exports from Ukraine, which, according to British intelligence, “is a clear attempt to degrade the Ukrainian economy and its ability to maintain its military capabilities.”

The report emphasizes that the agricultural sector accounted for 40% of Ukraine’s exports before the war and remains vital to the country’s economy. In total, food exports from Ukraine amounted to $28 billion in 2021.

“Ukraine has succeeded in using alternative methods of grain exports, such as river, rail, and road transport; however, it is unlikely that this will match the capacity of the Black Sea export routes,” the British intelligence service said.

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Forecast of unemployment rate in Ukraine according to methodology of international labor organization until 2025

Forecast of unemployment rate in Ukraine according to methodology of international labor organization until 2025

Source: Open4Business.com.ua and experts.news