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 km exclusion zone, which is considered too dangerous for people to live in or farm, could be turned to solar, biogas 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.

Tuesday, June 28, 2016

Over 127 thousand Ukrainian homeowners received "warm credits" for energy efficiency improvement


Since the beginning of so called "warm credits" loan program, total amount of loans provided to Ukrainian homeowners have reached UAH 2 billion (around $80 million). Last week was record high in terms of program activities - 6352 new loans were provided for total amount of UAH 104 million ($4 million).

Friday, June 24, 2016

Ukraine's Deputy Prime Minister about energy efficiency market potential and 'warm credits'

According to Gennadiy Zubko, Ukraine needs $40 billion in investments to cut natural gas consumption in residential sector by a third, or down to 11.5 billion cubic meters per year comparing to its current 18 billion cubic meters per year.

Wednesday, June 22, 2016

President signed the law to facilitate foreign investment in Ukraine

President Petro Poroshenko has signed the law "On amendments to some legislative acts of Ukraine concerning the abolition of mandatory state registration of foreign investments» (№1390-VIII), adopted by the Parliament on May 31, 2016.

Tuesday, June 21, 2016

Russian natural gas transit through Ukraine increased by 35% in the first half of 2016


This year Ukraine already have pumped 35 billion cubic meters of Russian natural gas, compared to just 26 billion cubic meters during the same period of the last year.

Thursday, June 16, 2016

U.S. is going to help Ukraine with energy reform and energy efficiency


This week Ukrainian Prime Minister Volodymyr Groysman met with U.S. Secretary of Energy Ernest Moniz in Washington within the framework of his visit to the United States. The sides discussed the plans of the Ukrainian Government towards achieving energy independence and energy efficiency, as well as prospective and priorities for Ukraine - U.S. cooperation in this area. .