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UJ Week
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     Business    

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Plan calls for breaking Ukrzaliznytsia railroad co into five smaller firms

KYIV, July 9 – The restructuring plan of state railroad company Ukrzaliznytsia provides for its division into a number of specialized companies, up to five, member of the company's supervisory board Serhiy Leschenko has said in an interview with Interfax-Ukraine.


Ukraine’s economic contraction worsens to 5.9% in January-May on coronavirus

KYIV, July 9 – The contraction of Ukraine's economy in January-May year-over-year accelerated to 5.9% from 5% in January-April 2020, according to the economic policy review of the Ministry for Development of Economy, Trade and Agriculture released on Thursday.


Zelenskiy calls on banks to lower mortgage rates to 10% from 14%

KYIV, July 9 – President Volodymyr Zelenskiy said that commercial and state-owned banks in Ukraine should give mortgages at a maximum of 10% per annum.

"I'm sure that you can't spend 25% on mortgage. Any young family will decide that, listen, I can't buy here, then I will go to Poland, what's the difference where to rent [housing], but there I will get a normal wage. If we have a wage even EUR200 less than in Poland, but we will have conditions when a person can buy an apartment without problems at a maximum of 10%. That was the goal," he said at a meeting with business representatives of Volyn region.


Ukraine to help EU diversify energy supplies with hydrogen project

KYIV, July 10 – Ukraine was named a priority partner of the European Union in implementing the European Hydrogen Strategy and supplying the latest energy resources to the European market due to its potential in production and transportation of hydrogen, this is stated in the new hydrogen strategy of the EU, the Foreign Ministry reported.


Ukrainian space rocket firm PivdenMash to make electric buses, charging stations

KYIV, July 10 – Ukraine’s space rocket company PivdenMash will also start producing electric buses and charging infrastructure under a deal with the South Korean group Caris, the company reported.


Ukrzaliznytsia, jointly with U.S. partners, to create leasing company

KIEV, July 12 – Ukraine’s state-owned railroad company Ukrzaliznytsia plans to create a leasing company jointly with Amsted Rail and The Greenbrier Companies of the Untied States, Ukrzaliznytsia Board Chairman Wojciech Balczun said.


Ukraine likely to hold 4G network tenders in November: Kyivstar

KIEV, July 12 – Two tenders to introduce 4G networks in the 2,600 MHz and 1,800 MHz ranges could be held in November 2017 and February 2018 respectively, Kyivstar President Petro Chernyshov said.


Ukraine to expand use of Westinghouse fuel at largest nuclear power plant

KIEV, July 12 - Ukraine’s state nuclear industry regulator on Tuesday has issued a permit for using Westinghouse-made nuclear fuel in reactors No. 1 and No. 4 of Zaporizhia nuclear power plant, the country’s largest.


EBRD increases compensation to 35% for energy efficiency loans

KIEV, July 11 - The European Bank for Reconstruction and Development (EBRD) increased the amount of compensation for loans received for implementation of energy efficient activities within the IQ Energy program to 35% of the loan amount from 15% and 20% earlier, according to a press release from the bank.


Energy Ministry sees no reason to hike gas price hike for households

KIEV, July 11 – Ukraine's Ministry of Energy and Coal Industry sees no reasons for raising prices of gas for households in the new heating season, the ministry's press service said, with reference to Deputy Energy and Coal Industry Minister Ihor Prokopiv.


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USD 41.54 41.57
RUR 0.489 0.497
EUR 45.00 45.32

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