Our legal advice from firm Everlegal this month explains the ins and outs of the solar power boom underway in Ukraine, but this is only a part of the story of Ukraine’s nascent green revolution. The recent gas spat with Russia has (once again) proven how unreliable our friends to the north are when it comes to energy supply, and continue to demonstrate not just to Ukraine – but also to Europe – how important energy diversification is.
While we know we must move away from hydrocarbons to help heal the planet (yes, climate change is real) and Ukraine is making strides in generating more power from renewable sources, that’s only part of the story. Prime Minister Groysman recently announced that Ukraine should aim to cut gas consumption by 1/3 in the coming years, and one of the ways the country can achieve this is by improving energy efficiency.
Putting their money where their mouth is, 400,000 households received “warm loans” from the government to help meet costs for installing insulation, fitting modern windows, and installing more efficient boilers in the last year. It’s just scratching the surface so far, but certainly a step in the right direction!
In further good news on this topic, it was also recently announced that the European Bank for Reconstruction and Development, a key supporter of reforms in Ukraine, has just signed a deal to finance a new solar plant in Vinnytsia to the tune of €29.5 million. Now all we need is for the sun to start making regular appearances, and we’re golden. Literally.
Ukraine recently sold 270 million USD worth of short-term bonds, adding much-needed liquidity to the nation’s coffers. The big deal here is that these short-term bonds were placed at a price of just 5.52% annualised return for the three-month bonds, and 5.89% for the six-month version. If we go back just a few years, international […]
In the days between writing this news and it being published, there exists a very real possibility that Oleg Sentsov will die. At the time of writing, Sensov has been on a hunger strike in a Russian jail for 90 days. In public statements, relatives of Sentsov have said his time is nearly at an […]
An impressive feat was accomplished in the skies above Kharkiv, eastern Ukraine, recently. A group of women from 19 different countries descended on the country (see what we did there?) to pull off a world record attempt, and they succeeded! In order to beat the previous world record for a female synchronised dive, which included […]
In recent years many Ukrainians have sought work overseas. There are many reasons why they have done so, but the biggest motivator is simply financial. Wages for fruit pickers or building site labourers are higher in Poland than they are in Ukraine and working conditions (which are protected by the EU) are no doubt also […]