Business news from Ukraine

Business news from Ukraine

76 generators from EU strategic reserves arrived in Kyiv to support Ukrainian power grid

A shipment of 76 emergency generators from EU strategic reserves arrived in Kyiv on Tuesday to restore power supply to Ukrainian settlements.

According to an Interfax-Ukraine correspondent, this is immediate assistance from the EU for urgent needs and is part of the EU’s ongoing support for Ukraine’s energy security.

During a conversation with journalists, European Union Ambassador to Ukraine Katarina Mathernova noted that she was pleased to have the opportunity to “demonstrate the concrete assistance that the European Union is providing to Ukraine.”

“This is only a small part of the equipment that we are transferring to Ukraine. Another part is still at customs,” she said.

The ambassador explained that this is part of 447 generators previously announced by the European Commission due to extremely low temperatures in Ukraine in January. The total cost of these generators is EUR 3.7 million.

In general, more than 10,000 generators have already been transferred through the European Union’s Civil Protection Mechanism since the start of Russia’s full-scale invasion of Ukraine.

In total, as Maternova noted, the EU has already provided EUR 190 billion in aid since the start of the full-scale invasion.

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ArcelorMittal Kryvyi Rih shuts down workshop due to loss of EU market because of CBAM carbon tax

The Kryvyi Rih Mining and Metallurgical Plant PJSC ArcelorMittal Kryvyi Rih (AMKR, Dnipropetrovsk region) has announced that it will be forced to shut down its blooming shop in the second quarter of 2026.

According to the company’s press release on Monday, this decision is not an easy one, but it is objectively dictated by the current economic and market conditions in which the company is operating in the context of a full-scale war.

The key factor that led to this step was the European Commission’s decision to introduce the Carbon Border Adjustment Mechanism (CBAM) for Ukrainian producers from January 1, 2026, without any exceptions or transition period. In effect, this means the loss of the European market for a significant portion of Ukrainian metallurgical products, which critically affects the production volumes and utilization of individual units.

It is noted that ArcelorMittal Kryvyi Rih has made significant efforts to reorient sales to the European Union market after the start of the full-scale war. In fact, this market was built from scratch in extremely difficult conditions. However, the introduction of CBAM without taking into account the military realities in Ukraine has nullified these efforts. In the absence of a stable European market, the company does not have sufficient orders to ensure the operation of the blooming mill both today and in the medium term.

ArcelorMittal Kryvyi Rih is the largest producer of rolled steel in Ukraine. It specializes in the production of long products, in particular, rebar and wire rod. The company has a full production cycle, with production capacities designed for an annual output of over 6 million tons of steel, more than 5 million tons of rolled products, and over 5.5 million tons of pig iron.

ArcelorMittal owns Ukraine’s largest mining and metallurgical complex, ArcelorMittal Kryvyi Rih, and a number of small companies, including ArcelorMittal Beryslav.

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ArcelorMittal Kryvyi Rih shuts down workshop due to loss of EU market because of CBAM carbon tax

The Kryvyi Rih Mining and Metallurgical Plant PJSC ArcelorMittal Kryvyi Rih (AMKR, Dnipropetrovsk region) has announced that it will be forced to shut down its blooming shop in the second quarter of 2026.

According to the company’s press release on Monday, this decision is not an easy one, but it is objectively dictated by the current economic and market conditions in which the company is operating in the context of a full-scale war.

The key factor that led to this step was the European Commission’s decision to introduce the Carbon Border Adjustment Mechanism (CBAM) for Ukrainian producers from January 1, 2026, without any exceptions or transition period. In effect, this means the loss of the European market for a significant portion of Ukrainian metallurgical products, which critically affects the production volumes and utilization of individual units.

It is noted that ArcelorMittal Kryvyi Rih has made significant efforts to reorient sales to the European Union market after the start of the full-scale war. In fact, this market was built from scratch in extremely difficult conditions. However, the introduction of CBAM without taking into account the military realities in Ukraine has nullified these efforts. In the absence of a stable European market, the company does not have sufficient orders to ensure the operation of the blooming mill both today and in the medium term.

ArcelorMittal Kryvyi Rih is the largest producer of rolled steel in Ukraine. It specializes in the production of long products, in particular, rebar and wire rod. The company has a full production cycle, with production capacities designed for an annual output of over 6 million tons of steel, more than 5 million tons of rolled products, and over 5.5 million tons of pig iron.

ArcelorMittal owns Ukraine’s largest mining and metallurgical complex, ArcelorMittal Kryvyi Rih, and a number of small companies, including ArcelorMittal Beryslav.

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In 2027, Ukraine will be fully connected to European electricity market

Ukraine will be fully integrated into the EU energy market in 2027, even if we are not yet formally a member of the Union, said Deputy Prime Minister for European and Euro-Atlantic Integration of Ukraine Taras Kachka, according to a correspondent from Interfax-Ukraine.

“There is currently a large bill in parliament—several hundred pages on the final integration of Ukraine’s energy market with the EU. It is ready for its second reading, and I think we will be able to adopt it in February,” he said at the Ukrainian Breakfast in Davos on the sidelines of the World Economic Forum on Thursday, organized by the Victor Pinchuk Foundation.

According to Kachka, the document consists of hundreds of pages of technical assessments that experts have been working on for years.

“It is thanks to this work that in 2027 we will be fully integrated into the EU energy market, even if we are not yet formally a member of the Union,” the Deputy Prime Minister emphasized.

As reported, on July 22, the Verkhovna Rada adopted draft law No. 12087-d “On Amendments to Certain Laws of Ukraine Regarding the Implementation of European Law on Energy Market Integration, Improving Security of Supply and Competitiveness in the Energy Sector.” According to the Ministry of Energy, the relevant legislative proposal was developed on the basis of nine EU energy legislation acts and aims to create the necessary legislative framework for the full integration of Ukraine’s electricity market into the single European market on the principle of reciprocity.

The document provides, in particular, for the integration of the short-term (spot) electricity markets of Ukraine and the EU (market coupling) and balancing markets, which means increasing market liquidity, simplifying the conditions for trading electricity with the EU, making effective use of the transmission capacity of interconnections between countries, increasing the flexibility of the energy system, and providing access to EU reserves.

The draft law also provides for additional mechanisms to protect consumer rights and strengthen their role in the market by increasing the transparency of supply conditions and introducing tools for comparing suppliers’ offers, as well as creating conditions for consumers to participate in other market segments, in particular the ancillary services market.

The ministry noted that the adoption of the document as a whole will ensure the synchronization of electricity markets in early 2027.

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EU Delegation to Ukraine has opened registration for EU Study Days 2026 online courses

The European Union Delegation to Ukraine has announced a new round of enrollment for the EU Study Days 2026 online courses, with the program also open to adults from 2026. The deadline for applications is 11:00 p.m. on February 7, 2026.

The training is scheduled for the period from February 16 to March 31, 2026. Students in grades 9-11, senior undergraduate and graduate students of Ukrainian universities, postgraduate students, as well as representatives of EU networks in Ukraine, including Euroclubs and EU information centers, are invited to participate.

The program includes 10 modules on the history of the EU, its institutions, values, and policies, as well as on Ukraine’s European integration. The format includes video lectures by diplomats and experts from the EU Delegation, European and Ukrainian specialists, webinars, discussions, and master classes on the Zoom and Webex platforms. Upon completion, participants will receive a certificate indicating the duration of the training, the number of hours, and the list of modules.

It is also reported that the 45 most active and successful participants from among schoolchildren, students, and adults will be able to participate in an offline school.

To participate, you must fill out an application and, if selected, take an online test on the project platform.

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Hungary showed highest growth in housing prices in EU

Hungary became the EU leader in terms of housing price growth: in the third quarter of 2025, residential property prices there rose by 21.1% year-on-year, according to Eurostat data.

Overall, housing prices in the EU, as measured by the House Price Index, rose by 5.5% in July-September 2025 compared to the same quarter in 2024, and by 5.1% in the eurozone. Compared to the second quarter of 2025, growth was 1.6% in both the EU and the eurozone.

Eurostat notes that among the EU countries for which data is available, only Finland (-3.1%) recorded an annual decline in prices, while the rest saw growth. Apart from Hungary, the most significant price increases were recorded in Portugal (+17.7%) and Bulgaria (+15.4%).

Source: http://relocation.com.ua/hungary-showed-the-highest-growth-in-housing-prices-in-the-eu/

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