08:49, 26 Dec
Trump aims to annex Greenland to the U.S.: experts discuss what Denmark is preparing for.
Copenhagen authorities have decided to invest significant resources in enhancing the security of Greenland, which the United States views as crucial for its geopolitical interests in the Arctic.
07:36, 26 Dec
"Ukrnafta has drilled a new well with a daily output of 66 tons of oil equivalent."
PJSC "Ukrnafta" has drilled a new exploratory well in eastern Ukraine, achieving a daily output of 66 tons of oil equivalent, announced the company's director, Sergey Koretsky, on Facebook.
07:36, 26 Dec
The average national cashback payout per person has increased by 19.5%, according to the Ministry of Economic Development.
The government disbursed 232 million UAH in cashback to Ukrainians for purchasing domestically produced goods in November, which is nearly double the amount from October. The average payout increased by 19.5%, rising from 97 UAH to 116 UAH per person, as reported on the Ministry of Economy's website on Wednesday.
07:36, 26 Dec
"ArcelorMittal Kryvyi Rih" expects to end 2024 with losses due to tariffs and logistics but aims to break even in 2025, according to the CEO.
The Kryvyi Rih Iron and Steel Works of PJSC "ArcelorMittal Kryviy Rih" (AMKR, Dnipropetrovsk region) is expected to finish 2024 with losses due to high tariffs, logistics costs, and unfavorable conditions in foreign markets. However, the company's CEO, Mauro Longobardo, expressed hope that they will break even in 2025, according to an interview with Interfax-Ukraine.
07:36, 26 Dec
"TK-Domestic Textiles" is exploring the opportunity to secure grants for the installation of solar power plants.
The company "TK-Domashny Textil" (TK-DT), part of the "Textil-Kontakt" group (TK Group), is exploring the opportunity to participate in grant programs aimed at installing solar power plants at its facilities, as reported by TK-DT.
07:36, 26 Dec
"ArcelorMittal Kryvyi Rih" is currently operating at 30% capacity for its metal complex and 75% for mining production, according to the CEO.
The Kryvorizhstal Mining and Metallurgical Plant of PJSC "ArcelorMittal Kryvyi Rih" (AMKR, Dnipropetrovsk region) is currently operating at 30% capacity for its metallurgical facilities and 70-75% for its mining operations, according to an interview with the company’s CEO, Mauro Longobardo, given to the Interfax-Ukraine agency.
07:36, 26 Dec
The Antimonopoly Committee has fined two construction companies 106 million UAH for collusion in road repair bidding.
The Antimonopoly Committee of Ukraine (AMCU) has imposed a fine of 106 million UAH on LLC "Construction Management of Mechanization" (Vinnytsia) and LLC "Bridge Construction Team No. 112" (Brovary) for engaging in anti-competitive coordinated actions during tenders for the major repair of bridges and roads.
07:36, 26 Dec
Metal and raw material markets are currently depressed, while domestic tariffs are on the rise, according to the CEO of AMKR.
The markets for metal products and iron ore raw materials are currently facing unfavorable conditions that hinder profitability. This is primarily due to the continuous increases in tariffs for electricity, railway transportation, and other components in Ukraine, as noted by the company's CEO, Mauro Longobardo, in an interview with Interfax-Ukraine.
07:36, 26 Dec
"Philip Morris Ukraine" will comply with AMCU regulations and enhance consumer awareness regarding tobacco heating systems.
The tobacco product manufacturer "Philip Morris Ukraine" welcomes the completion of the study by the Antimonopoly Committee of Ukraine (AMCU), which confirms the accuracy of the information regarding the characteristics of heated tobacco systems (IQOS) and highlights the need for further clarification to enhance consumer understanding.
07:36, 26 Dec
The bankruptcy of Austrian OSTCHEM Holding due to the loss of "Crimean Titan" will not impact the nitrogen holding OSTCHEM.
The initiation of bankruptcy proceedings against Ostchem Holding GmbH (Austria) by the Salzburg District Court is linked to the loss of the company's sole titanium asset, "Crimean Titan," due to the war, according to a statement from Group DF, which consolidates the assets of Dmitry Firtash.
07:36, 26 Dec
The State Property Fund has set a starting price of UAH 1.158 billion for "Sumykhimprom" at the upcoming privatization auction.
The auction commission for the sale of a 99.9952% state stake in Sumykhimprom JSC has set the starting price for the upcoming auction on the ProZorro platform at 1.158 billion UAH. The privatization conditions, along with the price, are subject to government approval.
08:49, 25 Dec
Trump's perspective on Ukraine: An expert reveals how the Republican truly views Kyiv on the map.
The relationship between newly elected U.S. President Donald Trump and Ukraine has consistently been complex, raising numerous questions among international experts.
07:36, 25 Dec
Interpipe is concerned about the rise in electricity tariffs and the resulting decrease in capacity utilization.
The Ukrainian industrial company "Interpipe" is concerned about the decision made by the National Commission for State Regulation of Energy and Public Utilities (NKREKU) to raise the transmission tariff of NEC "Ukrenergo" by 29.8% starting January 1, 2025. This increase will result in higher production costs and a decrease in capacity utilization as a consequence.
07:36, 25 Dec
Ukrainians have submitted over 10.3 million applications for the "Winter eSupport," with 6 million already receiving payments, according to Shmyhal.
Since the launch of the "Winter eSupport" program, a total of 10.3 million applications have been submitted, announced Ukrainian Prime Minister Denys Shmyhal.
07:36, 25 Dec
Shmyhal: We aim to conclude 2024 with financial stability.
Prime Minister Denys Shmyhal states that Ukraine is concluding 2024 with financial stability.
07:36, 25 Dec
Ukraine and China have agreed to strengthen cooperation in the agricultural sector.
The Minister of Agrarian Policy and Food, Vitaliy Koval, met with the newly appointed Extraordinary and Plenipotentiary Ambassador of China, Ma Shengkong, to discuss the opening of new markets for exports and the establishment of agro-processing facilities utilizing Chinese technologies, as reported by the press service of the Ministry of Agrarian Policy and Food.
07:36, 25 Dec
The government has provided veterans with the option to choose the timeline for implementing projects under the "eWork" program.
The Cabinet of Ministers of Ukraine has allowed veterans to select the timelines for launching their own businesses under the government program "eWork," announced the country's Prime Minister, Denys Shmyhal.
07:36, 25 Dec
Another increase in water tariffs for businesses will significantly raise production costs for industrial enterprises, according to NADPU.
The National Commission for State Regulation in the Energy and Utilities Sectors (NKREKU) has announced plans for another increase in tariffs for centralized water supply and sewage services for industrial consumers, according to the National Association of Mining Industry of Ukraine (NADPU).
07:36, 25 Dec
Ukraine has received $1 billion from Japan and the UK.
Ukraine has received $1 billion from Japan and the United Kingdom, announced Prime Minister Denys Shmyhal.
07:36, 25 Dec
Tesla is recalling approximately 700,000 electric vehicles due to tire safety issues.
American automaker Tesla is recalling approximately 700,000 electric vehicles, including the Model 3 and Model Y, as well as the Cybertruck electric pickups.
07:36, 25 Dec
Hetmanets suggests granting tax agent status to Uklon, Uber, Bolt, and other digital platforms in the upcoming legislation.
Granting tax agent status to digital platforms like Uklon, Uber, and Bolt will significantly simplify the tax administration for users selling goods and services through these platforms. This approach should be implemented in the bill that the Verkhovna Rada will review in 2025, according to Daniil Getmantsev, head of the parliamentary finance committee.
07:36, 25 Dec
In 2025, the Finance, Tax, and Customs Committee will focus on legislation aimed at Euro-integration, according to the committee head.
The Parliamentary Committee on Financial, Tax, and Customs Policy will focus on implementing legislative acts essential for Euro-integration and the further reform of Ukrainian legislation in its baseline scenario for 2025, according to the committee's head, Daniil Hetmanцев.
07:36, 25 Dec
The government has directed the Ministry of Finance to raise "Ukrfinzhitlo's" capital by 20 billion UAH through the issuance of government bonds.
The Cabinet of Ministers of Ukraine has instructed the Ministry of Finance to facilitate the issuance of domestic government bonds in exchange for shares from a supplementary issue of "Ukrfinzhytlo" (JSC "Ukrainian Financial Housing Company") with the aim of increasing its charter capital. This initiative is set to be completed by the end of 2024, totaling 20 billion UAH.
07:36, 25 Dec
A gift set inspired by a popular Christmas song in the U.S. saw a price increase of 3.6% in 2024.
This year, Americans can expect to pay 3.6% more for a gift set inspired by the popular English-language song "The Twelve Days of Christmas," according to calculations by PNC Wealth Management.
08:49, 24 Dec
Disagreements over Ukraine and finances have surfaced, revealing details of the scandal involving Scholz and Duda.
The dispute involved assets that were frozen following Russia's invasion of Ukraine, which are currently valued at $300 billion.
08:49, 24 Dec
Putin is losing Africa: following failures in Syria, Russia's allies have shifted their stance towards the Kremlin.
The situation in Mali, marked by Prigozhin's rebellion and the collapse of the "Wagner Group," has raised even more doubts.
07:36, 24 Dec
The decision on economic reservations has been delayed; entrepreneurs are open to any model, according to Yancheko.
The topic of economic reservation remains highly relevant, but it has shifted from an economic to a political issue. The discussion surrounding the adoption of such a tool has dragged on for so long that business associations and entrepreneurs are now willing to accept any model, just to see it approved and put into action, stated Galina Yanchenko, a member of parliament and chair of the parliamentary temporary special commission (VSK) on investor rights protection.
07:36, 24 Dec
Yanchenko suggests that defense industry manufacturers should only face a penalty of 0.1% of the contract value for each day of delay.
The current system of three penalties for defense industry manufacturers does not encourage contract fulfillment. Therefore, it is essential to reevaluate the penalty system. It has been proposed to maintain a daily fine for manufacturers, which amounts to 0.1% of the contract value for each day of delay, stated Galina Yanchenko, a member of parliament and chair of the temporary special commission on investor protection issues.
07:36, 24 Dec
Ukraine has received $1.1 billion from the IMF.
Ukraine has received $1.1 billion from the IMF, announced Prime Minister Denys Shmyhal.
07:36, 24 Dec
The government's debt to banks for the "5-7-9" compensation program has reached 10 billion UAH, and both this program and "eOselya" need further adjustments, says the NBU.
The government's debt to banks for compensating preferential interest rates under the state program "5-7-9" is projected to reach approximately 10 billion UAH by the end of 2024, up from 7 billion UAH in 2023. The program necessitates a shift in focus towards projects that are in greatest need of funding, as stated in the December report on financial stability from the National Bank of Ukraine (NBU).
