KYIV, Aug 27 – Ukraine plans to start the implementation of a number of projects for the construction of pumped storage power plants, reconstruction of hydroelectric power plants and the development of mini- and small hydroelectric power plants with a capacity of 1-10 MW, as well as energy storage projects in the near future, acting Energy Minister Olha Buslavets said during a business breakfast with representatives of large German companies in Berlin as part of her two-day official visit to Germany.

KYIV, Aug 27 – Ukraine is preparing to start accepting bids for insolvent Bank Arcada, the Deposit Guarantee Fund, a state agency that now controls the bank, said in a statement.

The fund suggested a number of ways to withdraw the bank from the market, including liquidation of the financial institution with the alienation of all or part of its assets and liabilities in favor of the accepting bank or alienation of all or part of the assets and liabilities of the insolvent bank in favor of the accepting bank with the revocation of the bank license of the insolvent bank and its subsequent elimination.

KYIV, Aug 27 – A joint intergovernmental statement between Ukraine and Germany on the start of energy partnership was signed by acting Minister of Energy of Ukraine Olha Buslavets and Minister of Economy and Energy of Germany Peter Altmaier during a working meeting in Berlin on August 26, according to a press release posted by the Ukrainian ministry.

KYIV, Aug 26 – The Ministry of Economic Development, Trade and Agriculture improved the inflation forecast for 2020 to 5.9% December over December, while in the macroeconomic forecast approved in March, this indicator was at the level of 11.6%, according to the forecast of the socio-economic development of Ukraine for 2021-2023.

KYIV, Aug 23 – JP Morgan analysts have improved its GDP forecast for 2019 for Ukraine to 4.3% from an earlier forecast of 3.6% along with accelerated growth in the second half of the year.

KYIV, Aug 27 – Ukraine may directly buy Finnish armored protection steel to improve its BTR-4 armored personnel carriers that have suffered from poor armor, the Defense Ministry said.

KYIV, Aug 27 – Ukraine will launch some of its most ambitious economic reforms yet, such as privatization of land and eliminating monopolies in the energy sector, President Volodymyr Zelenskiy said Tuesday.

KYIV, Aug 23 – The Security Service of Ukraine (SBU) has found that top managers of some state-owned coalmines had embezzled over UAH 1.5 billion from the national budget using the public procurement procedure.

KYIV, Aug 23 – Some 780 filling stations continue operating without a fuel sales license after the launch of the fuel administration reform from July 1, the Ukrainian Oil & Gas Association has said.

KYIV, Aug 23 – The privatization of the Ukroboronprom state concern will not affect the level of corruption in the industry, but it will weaken the state's defense, the former deputy commander of the Air Force of the Armed Forces, Lieutenant General, and now technical director of the defense company Ramzai, Volodymyr Shatov, said.