The construction industry is extremely high risk of corruption. Bill №7198 on compensation for damage and destruction real estate as a result of hostilities lacks a transparent mechanism for using the Fund for the Restoration of Property and Destroyed Infrastructure. This most important mechanism should not be reduced to the level of by-laws of the…
Category: economy
Germany will nationalize Rosneft if Russia cuts off gas supplies
Germany is preparing an anti-crisis plan to abruptly cut off Russian gas supplies. Germany is preparing an anti-crisis plan in case of a sudden cessation of gas supplies from Russia, in particular, is considering the possibility of taking control of a refinery in Sweden, which is controlled by Rosneft. This was reported by Reuters, citing…
Crypto billionaire compared Bitcoin to a “bubble” and diluted his portfolio with other cryptocurrencies
The billionaire is not so critical of later cryptocurrencies. It is risky to bet exclusively on Bitcoin, as this first cryptocurrency, which proved to be very successful, may fail. This opinion was expressed by a veteran of the Bitcoin industry and billionaire Brock Pierce in an interview with Fox Business. “Bitcoin could fall to zero.…
Bloomberg: Europe is preparing a plan to increase exports of Ukrainian food through land routes
In particular, it is about accelerating the delivery of vegetable oils, corn and wheat. As well as some other key exports of Ukraine, which are blocked due to restrictions on access to vital Black Sea ports by the Kremlin. Against the background of the Kremlin's blocking access to vital Black Sea ports of Ukraine ,…
The seized Russian assets will be managed by a company headed by Milovanov
This is the National Investment Fund, which is coordinated by the Cabinet. The government has decided which company to run forcibly confiscated Russian assets on the territory of Ukraine . It is the state enterprise “National Investment Fund”, headed by former Minister of Economy Tymofiy Milovanov, the Ministry of Economy of Ukraine reports in Telegram.…
The Ministry of Economy is working 24/7 to overcome the fuel shortage in Ukraine – Shmygal
Also, the Cabinet of Ministers has already adopted several decisions needed to increase fuel supplies to Ukraine. The Ministry of Economy is working to ensure that Ukraine has sufficient amount of fuel, and its price remained adequate, given the continuation of the Russian war against Ukraine. This was stated by the Prime Minister of Ukraine…
Annual inflation in Ukraine exceeds 16%
The biggest factor was the rise in food prices. Rising consumer prices in Ukraine in April, year on year, reached 16.4%. The biggest impact on the index was on food prices. This was reported by the State Statistics Service. On a monthly basis, inflation was 3.1%. Core inflation, which does not take into account short-term…
Ukraine's small and medium-sized businesses lost up to $ 85 billion in 6 weeks of Russian invasion
Almost half of the companies completely or almost completely stopped working on February 24. Small and medium business of Ukraine suffered direct losses in amounting to 64-85 billion dollars during the six weeks of full-scale war between Russia and our country. This is stated in a study by Advanter Group. On average, businesses expect sales…
One of the Ukrainian banks decided to resume lending
“We need to start the economy.” Monobank this week will resume full lending under installment programs and purchase in installments. This was announced by the bank's co-founder Oleh Horokhovsky. This will be announced in the appendix to those clients to whom we will restore the limits, “he wrote. Gorokhovsky noted that” we need to start…
Ukraine has been forced to suspend part of the transit of Russian gas to Europe, the OGTSU said
The occupiers interfered in the technological processes of the gas transmission system. GTS of Ukraine Operator LLC is forced to suspend gas transit through the Sokhranivka DHW due to interference by the occupying forces in technological processes. This is stated by the Operator of the Gas Transmission System of Ukraine. “The Operator of the GTS…