Tuesday, October 18, 2016

Energy efficiency fund can help Ukraine to reduce gas consumption by 9 billion cubic meters

This is a statement of Ukrainian Vice Prime Minister, Minister for Regional Development, Construction and Housing Hennadiy Zubko which he made at the forum "Energy independence. Establishing energy efficiency fund".

Friday, October 14, 2016

EIB supports investments in power transmission projects in Ukraine

The European Investment Bank (EIB) has so far provided two loans totaling EUR 325 million to support projects implemented by Ukraine's National Power Company (UkrEnergo).

Tuesday, October 11, 2016

Ukraine’s IT sector ranks third among country's exports

Ukraine currently exports billions of dollars worth of software every year. By 2020 its IT market could expand to $5.7 billion from $2.7 billion in 2015, according to a study by PricewaterhouseCoopers.

Monday, October 3, 2016

Ukraine cut natural gas import by half so far this year

Import of natural gas in Ukraine for the first nine month of 2016 was 6.328 billion cubic meters, what is lower by 6.155 billion cubic meters than during the same period of 2015.

Friday, September 23, 2016

Ukrainian Parliament adopted the Law on energy regulator

According to the Law, National Energy and Communal Services Regulatory Commission will be appointed by President, based on a proposal of nomination committee, composed of members, proposed by President, Parliament and Cabinet of ministers. National Commission will consist of seven members, appointed for the term up to six years and regularly rotated.

Wednesday, September 14, 2016

National Institute for Strategic Studies will lead the preparation of new Energy Strategy of Ukraine

Steering Committee on coordination of preparation of the updated Energy Strategy of Ukraine till 2035 discussed the procedure of the Strategy development and proposed the National Institute for Strategic Studies as leading organisation.

Tuesday, September 6, 2016

Ukraine's economy: quarter-century later...

Ukraine's income, adjusted for inflation and purchasing power parity, has declined by 30% since 1989. In contrast, Poland's economy, which had similar starting conditions, grew up about 120%. 
Read more at http://reason.com

Friday, September 2, 2016

EU to help Ukraine cut dependence on Russian gas in 3-4 years

This was a topic of discussion between Ukraine's Prime Minister Volodymyr Groissman and an EU Energy Commissioner Maros Sefcovic in Kiev on Friday, 2 September. Among the reforms, Ukraine aims to split up its notoriously corrupt national gas distributor, Naftogaz, impose market prices for gas consumers, create an independent energy regulator, and create a new “energy efficiency fund”.

Friday, August 12, 2016

Ukraine's import of natural gas from Russia dropped by 85% during the last 5 years

The decline in Ukraine's imports of Russian gas is partly the result of economic stagnation, and a huge drop in output after Russia's annexation of Crimea and occupation of Donbass. Ukraine's gross domestic product has shrunk around 19 percent since 2013, and its industrial sector needs less fuel.