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%. 

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.

Friday, July 29, 2016

Ukraine is going to transform Chernobyl nuclear wasteland into huge solar power farm

According to the Ukrainian government, the contaminated nuclear wasteland around Chernobyl could be turned into one of the world’s largest solar farms, producing nearly a third of the electricity that the exploded plant generated at its height 30 years ago. 6,000 hectares of “idle” land in Chernobyl’s 1,000 square mile exclusion zone, which is considered too dangerous for people to live in or farm, could be turned to solar, bio-gas and heat and power generation.

Friday, July 22, 2016

New Ukraine-Canada Free Trade Agreement

Ukraine and Canada signed Free Trade Agreement on July 11, 2016 in Kyiv. The agreement will take effect after its ratification by the parliaments of the two countries and exchange of ratification instruments. The Agreement would reduce imports duties for 98% of Ukrainian imported goods and for 72% of Canadian exports to nil.

Friday, July 15, 2016

Energy companies were the largest taxpayers in Ukraine in the first quarter of 2016

PJSC "Ukrgazvydobuvannya", is the largest taxpayer in the country, according to the State Fiscal Service. State owned company increased tax payments to the consolidated budget of Ukraine in 6.8 times comparing to the first quarter of 2015. The parent company of "Ukrgazvydobuvannya", "Naftogaz of Ukraine" took the second place despite the reduction in taxes by 8%, and PJSC "Philip Morris Ukraine", which increased the tax payment by 75%, is on the third place.

Thursday, July 7, 2016

EBRD to support competitiveness and energy efficiency of agribusiness in Ukraine

The European Bank for Reconstruction and Development (EBRD) has announced a loan of up to USD 20 million that will be available for the two major Ukrainian sugar companies to help reduce the cost,  increase productivity and efficiency of the production.

Friday, July 1, 2016

Researcher about the ways to overcome energy dependency of Ukraine

In her book The Politics of Energy Dependency: Ukraine, Belarus and Lithuania Between Domestic Oligarchs and Russian Pressure (2015),  Margarita M. Balmaceda, professor of  Seton Hall University, analyses how energy has been used as an important instrument in Moscow’s quest to exert power and influence in its surrounding areas both before and after the collapse of the USSR.