Business news from Ukraine

Business news from Ukraine

Ukraine will start today at EURO-2024

Ukraine will kick off the UEFA EURO 2024 soccer championship with a match against Romania on Monday.

The match will kick off at 16:00 Kiev time at the Bayern Munich stadium. It will be officiated by a Swedish refereeing team headed by Glenn Nyberg.

According to the UEFA website, Ukraine will start with Andriy Lunin, Juhim Konoplya, Ilya Zabarny, Mykola Matvienko, Oleksandr Zinchenko, Taras Stepanenko, Mykola Shaparenko, Grigory Sudakov, Viktor Tsygankov, Mykhailo Mudryk and Artem Dovbik.

Ukraine will also play Slovakia on June 21 and Belgium on June 26 in the group stage of Euro 2024.

 

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Ukraine has started talks on holding second peace summit – Volodymyr Zelenskyy

Ukraine has started negotiations with a number of countries that have expressed interest in holding a second Peace Summit, President Volodymyr Zelensky has said.

“Every step towards a just peace has attracted the attention of certain groups of summit participants and countries that have not yet joined but are interested in peace,” Zelensky said at the conclusion of the first inaugural Peace Summit in Bürgenstock, Switzerland, on Sunday.

According to him, “we already have countries that have expressed their interest in holding a second peace summit, and we have started negotiations with them.”

The head of state did not name the list of such countries.

He also noted that “these days, uniting 101 countries and an international organization, we have achieved a great success for Ukraine and all partners.” “And our fair goal is that all countries of the world join this noble cause,” summarized Zelensky.

 

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Ukraine and Palau establish diplomatic relations

On the margins of the Global Peace Summit in Switzerland, Ukrainian President Volodymyr Zelenskyy met with President of the Republic of Palau Surangel Whipps Jr.

According to the President’s Office, in the presence of the leaders, Ukrainian Foreign Minister Dmytro Kuleba and Palau Secretary of State Gustav Aitaro signed a Joint Communiqué on the establishment of diplomatic relations between the states.

The meeting between the presidents was the first high-level contact between Ukraine and Pacific Palau.

Zelensky thanked Surangel Whipps Jr. for supporting the territorial integrity and sovereignty of Ukraine and invited Palau to join the implementation of the “Environmental Security” clause of the Peace Formula. “It is very important that you have found the opportunity to come to the Peace Summit. Thank you for your clear position. The issues being discussed at the Summit are important not only for Europe, but for the whole world,” the Ukrainian head of state said.

 

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Weather conditions are expected to worsen in Ukraine on Sunday

In Ukraine on Sunday, June 16, is expected to worsen weather conditions, reports Ukrhydrometcenter.

“In most southern, central and Kharkiv regions heavy rains, in the afternoon in some areas hail and squalls 15-20 m/s (I level of danger, yellow),” – stated in the message.

 

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Situation in Ukrainian energy sector next week will be noticeably more difficult – head of Ukrenergo

The situation in the Ukrainian energy system next week will be perceptibly more difficult compared to the current week, said the Chairman of the Board of the NEC Ukrenergo Volodymyr Kudrytskyy.

“Next week will be more difficult for the energy system, because the heat wave will return and we will have a reduced capacity of nuclear power plants, if compared to the current week,” he said in an interview with Ukrayinska Pravda on Friday.

According to the NEC head, due to the massive shelling, the energy system has lost its reserve of strength and has become dependent on sudden changes in electricity consumption and weather, forcing it to balance by shutting down consumers.

“Our energy system, having lost more than 9 GW of capacity due to shelling, now has no reserve of strength. If earlier we had additional power plants that could be switched on promptly, we would overlap by switching on some hydro units or TPP units, now we simply do not have such a maneuver,” – explained Kudrytskyy.”

As previously reported, Energoatom announced that it would put a 1000 MW nuclear power plant unit under repair as part of a planned repair campaign in 2024. The company pointed out that, given this and the increase in electricity consumption in July, the generation deficit in the power system may increase.

Prime Minister Denys Shmygal noted that saving e/e will be part of Ukraine’s daily life in the coming years due to Russian attacks on the country’s energy sector.

 

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IFC may mobilize about $345 million to build wind power capacity in Ukraine

The World Bank Group’s IFC plans to mobilize about $345 million to build a new 350 MW wind power capacity in Ukraine, the corporation said on its website on Wednesday.

The report said the initiative was presented among other initiatives aimed at supporting Ukraine at the URC-2024 recovery conference in Berlin.

Now these projects, which are planned to be implemented in order to improve energy security and support further development of renewable energy in Ukraine, are undergoing due diligence and awaiting approval by the IFC management and Board of Directors, the corporation specified.

As reported, at URC-2024, Knud Rissel, commercial director of the German company Notus Energy, said that it is engaged in the implementation of a 300 MW WPP project in the Odessa region, the first phase of which will be 120 MW.

“We already have all the permits, in particular those related to land. Banks are supporting us, although they are taking a risk by supporting us. But we are all ready to work even under martial law,” he said.

According to Rissel, the company also signed some agreements on the project realization at this conference.

 

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