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Business
Ukraine reduces 2024 estimate for required external financing to $41-bln
KYIV, Nov 3 – At a meeting on November 2, the government approved the draft law on the state budget of Ukraine for 2024 for the second reading, reducing the need for external financial support to about $41 billion from $42.9 billion, in particular due to the increase in planned revenues as a result of the revision of macro indicators and taking into account other additional revenues.
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Ukraine to use AI for mine clearing to bring contaminated soil into use
KYIV, Nov 6 – It is necessary to bring 80% of contaminated land back into economic use within 10 years, and to do so, Ukraine intends to leverage all innovative approaches and artificial intelligence (AI) tools at its disposal, which will have impact on mine clearance all over the world, First Deputy Prime Minister and Economy Minister of Ukraine Yulia Svyrydenko said in an interview with TIME.
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Ukrainian pharmaceutical firms may cut output due to power outages
KYIV, Nov 4 – Ukrainian pharmaceutical companies may reduce production of medicines due to war-induced power outages, they are asking the Ministry of Energy to regulate the power outage of pharmaceutical plants, to make it more planned, representatives of leading Ukrainian pharmaceutical companies told Interfax-Ukraine.
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Pivdenny resumes production of iron ore after shutdown
KYIV, Nov 4 – The Pivdenny Mining and Processing Plant (Dnipropetrovsk region) resumes production from November 7 after a downtime since July 1 of this year, the company reported Friday.
The operational business plan for November will be 173,000 tons of iron ore concentrate. Marketable products will be sent to the Kamet steel and Zaporizhstal metallurgical enterprises.
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Ukrenergo forced to limit power intake from DTEK renewable assets
KYIV, Nov 5 – Ukrenergo last night for the first time was forced to limit "green" generation at Botiyevska, Prymorska-1 and Orlovska wind farms (all are within DTEK Group), Andriy Gerus, the head of the Verkhovna Rada committee on energy and housing and utilities services, has stated. |
ArcelorMittal to invest $1.8-bln into Ukrainian operation within 2 years
KYIV, Nov 5 – ArcelorMittal, the largest steel company, has invested $4.4 billion in ArcelorMittal Kryvyi Rih mining and metallurgical plant (Dnipropetrovsk region) after its acquisition, and will invest another $1.8 billion over the next five years, the deputy director general for metallurgical production at ArcelorMittal Kryvyi Rih, Oleksandr Ivanov, has said at a meeting with German Consul General in Donetsk (with temporary accommodation in Dnipro) Stefan Kyle. |
Archive of Business
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| Currencies (in hryvnias) |
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21.03.2025 |
prev |
| USD |
41.54 |
41.57 |
| RUR |
0.489 |
0.497 |
| EUR |
45.00 |
45.32 |
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| Stock Market |
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20.03.2025 |
prev |
| PFTS |
507.0 |
507.0 |
| source: PFTS |
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