Business news from Ukraine

Business news from Ukraine

Development of processing will strengthen impact of Dobra lithium extraction project on Ukraine’s economy, says Khaustov

The implementation of the project to develop the Dobra lithium deposit in the Kirovohrad region will provide jobs and budget revenues for the Ukrainian economy, but the maximum effect for the economy is possible if processing and final product manufacturing are localized in the country. This was reported by the Experts Club expert and analytical center, citing Vladimir Khaustov, scientific secretary of the Institute of Economics and Forecasting of the National Academy of Sciences of Ukraine.

Khaustov noted that when exporting raw materials or concentrate, the main added value will be generated outside Ukraine, while the production of batteries and other lithium-based products would significantly increase the project’s contribution to economic development.

At the same time, he pointed to the risks of market changes and technological transition to alternative solutions for energy storage devices. According to his estimates, the path from the start of development of the deposit to the release of the final product could take about 15 years, during which time other types of batteries, such as aluminum-ion or sodium batteries, or even other types of energy storage devices, could appear on the market.

As reported, the Cabinet of Ministers of Ukraine has selected the winner of the competition for the development of the Dobra lithium deposit under a production sharing agreement (PSA) — Dobra Lithium Holdings JV, LLC, whose shareholders are Techmet and The Rock Holdings. Prime Minister Yulia Svyrydenko said that the project involves attracting at least $179 million in investments, including $12 million for geological exploration and international audit of reserves and $167 million for the organization of extraction and enrichment upon confirmation of industrial reserves.

The PSA competition for the Dobre field was announced in September 2025. According to the State Service of Geology and Subsoil, the 17.07 sq km site is located in the Kirovograd region, and the winner will receive a special permit for a period of 50 years. In addition to lithium, the project covers a number of associated metals.

Sources cite the land ownership structure in the deposit area and environmental procedures, including the need for a new environmental impact assessment and public discussion, as additional challenges for the investor.

, ,

Analysis of new certification system for scientific institutions in Ukraine

The Ministry of Education and Science of Ukraine has completed the state certification of higher education institutions and scientific institutions in the fields of agricultural, veterinary, and social sciences using a new method of assessing scientific effectiveness, according to Vladimir Khaustov, an expert at the Experts Club information and analytical center and scientific secretary of the Institute of Economics and Forecasting of the National Academy of Sciences of Ukraine, in a blog posted on the Interfax-Ukraine news agency website.

According to him, for the first time, not only institutions as a whole were evaluated, but also individual scientific departments — a step that should “truly support the strongest teams and stimulate real competition in Ukrainian science.”

“Without funding for science, there is no future. We are rich not because we have money, but because we fund science,” Khaustov recalled, quoting Ronald Reagan.
He noted that the new certification methodology “is not perfect, but necessary.” Among the positive changes, the expert mentioned the division by scientific fields and the attempt to introduce quantitative indicators. However, according to him, the consolidation of scientific groups (for example, combining all social sciences — economics, history, sociology — into one category) creates methodological distortions.

“The formula should take into account the specifics of the disciplines, and the weighting coefficients should be differentiated. Now, much of it has been reduced to arithmetic, which does not reflect the real contribution of scientists,” the expert emphasized.

Among the problems, Khaustov highlighted excessive bureaucracy in filling out reports and the lack of data automation:

“All indicators are entered manually, although publications and patents are already in the DNTB and UkrNOIVI databases. We proposed creating an automated system called ”Science of Ukraine,“ which would collect data itself, but so far everything is done manually.”

He also drew attention to the imbalance between the evaluation of domestic and foreign publications, as well as the underestimation of national grants and scientific achievements.

“Three hryvnia of Ukrainian funding is equivalent to one hryvnia of foreign funding. And seven out of eleven indicators relate to publications abroad. This distorts the real picture and devalues national achievements,” he said.

According to the expert, the methodology needs to be refined to take into account the specifics of the industry and the real working conditions of Ukrainian researchers.

“Science is not a formula or a table. It is people, ideas, and the future of the country,” concluded Volodymyr Khaustov.

The full version of the expert’s video is available on the Experts Club channel:

Experts Club is an independent platform for analytical videos and research. The center regularly publishes expert reviews on economics, science, and business, bringing together the opinions of leading analysts, scientists, and business representatives.

, , ,