The European Union will issue green bonds worth 250 billion euros

The European Commission plans to conduct the first issue of green bonds in October 2021, the total amount of which will reach 250 billion euros.

«The EU's intention to issue green bonds of 250 billion euros by the end of 2026 will make us the largest issuer of green bonds in the world. It also expresses our commitment to sustainability and puts sustainable funding at the forefront of the EU's recovery efforts (from the aftermath of the COVID-19 pandemic),» said EU Budget Commissioner Johannes Hahn.

On September 7, the mechanism of functioning of green bonds was approved in Brussels. He must ensure that the funds raised will go to "green" projects, and the European Commission will report on their impact on the environment.

In July, the European Commission presented a strategy for sustainable financing to combat climate change, the European Standard for Green Bonds, and adopted delegated regulations on the disclosure by financial and non-financial companies of information on the degree of stability of their activities.

In 2020, the total capacity of renewable electricity facilities increased by 22% and reached 8.5 GW. According to the Ministry of Energy, the overestimated in comparison with the market tariff for energy from renewable sources (RES) leads to significant and problematic for Ukraine payments to investors, which are estimated at $ 10-20 billion by 2029.

Ukraine and Chile intensify dialogue on trade and economic cooperation

Ukraine is interested in resuming dialogue in trade and economic relations with Chile.

«We are interested in expanding the presence of Chilean companies in the Ukrainian market and strengthening Ukrainian-Chilean business ties,» said Taras Kachka, Deputy Minister of Economy and Trade Representative of Ukraine, during an online meeting with Chile's Deputy Foreign Minister, Director General for Bilateral Cooperation. Felipe Lopeandia

It is noted that Chile is among the 10 most promising countries for Ukraine to develop trade relations.

Since the beginning of this year, Ukraine has seen a resumption of economic growth - in the first half of 2021, GDP increased by 1.7% compared to the corresponding period of 2020. However, the government aims to grow GDP by 4%.

In the first half of this year, trade in goods and services between Ukraine and Chile increased by 7.9% to $ 33.1 million, Ukrainian exports doubled to $ 5.3 million.

According to Kachka, the countries need to improve the balance of bilateral trade, diversify trade areas and launch joint investment projects.

Promising for Ukraine and Chile are the development of bilateral relations in the fields of agriculture, energy, engineering, aircraft, shipbuilding, as well as space, mining, pharmaceuticals, transport.

American company with Energoatom will build Khmelnitsky NPP power unit

The state-owned enterprise National Nuclear Power Generating Company Energoatom and the American electrical engineering company Westinghouse electric have signed a memorandum on the joint construction of nuclear power units.

"I welcome the signing of a memorandum between NNEGC Energoatom and Westinghouse electric on the joint construction of the Khmelnitsky NPP as a pilot project, and further - 4 more units on their technology. The total cost of the project is up to $30 billion," wrote President Zelensky.

Westinghouse electric has been around since 1886 and has been designing nuclear power units since the beginning of the 21st century.

The corporation controls up to 50% of the world's commercial power units and 31% of the nuclear fuel supply market.

Westinghouse has been operating in the Ukrainian market since 1992 as a service provider for the modernization of safety systems of the Ukrainian reactor fleet and a supplier of fuel for nuclear power plants.

Polish concern Orlen plans to enter the Ukrainian market of oil products

Polish oil concern Orlen plans to enter the Ukrainian market of oil products. The company produces, refines and sells oil and gasoline in Poland, the Czech Republic, Germany and the Baltic countries.

According to Energy Minister Herman Galushchenko, the concern is considering the purchase of networks and entry into several segments, including the refining and petrochemical sectors.

At the same time, the Minister suggested that in this process there may be some problems related, in particular, to the shortage of domestically produced oil in Ukraine.

"They (Orlen, - ed.) Also understand that oil in Ukraine is not a subject of production. We have to take it somewhere. Maximum, we can buy oil instead of oil products, but in what then sense? And whether there will be investments in Ukraine if nearby Mazhejkaysky Orlen's refinery in Lithuania and several other processing plants? "Galushchenko said.

During the visit of PKN Orlen's management to Ukraine, in particular, the possibility of purchasing the retail network of Ukrnafta gas stations, owned by Naftogaz Ukrainy and Igor Kolomoisky's Privat group, and partners, was discussed.

Reference: PKN Orlen is one of the largest oil refining companies in Central Europe. It operates seven refineries in Poland, the Czech Republic and Lithuania. PKN Orlen also operates a network of 2,679 gas stations. The group is one of the largest suppliers of petroleum products to Ukraine.

Privatization: Radyvyliv grain processing plant sold through an online auction

The online auction for the privatization of the Radyvyliv grain processing plant ended on August 30, 2021. The final price of the object was UAH 147 million.

Two participants competed for the privatization of the facility at an open auction, raising the starting price from UAH 141.5 million to UAH 147 million.

The new owner of the enterprise, after signing the auction protocol, purchase and sale agreement and payment of funds, will own grain warehouses, elevators, workshops and other assets of the enterprise, which are located on 10 land plots with a total area of 41.45 hectares.

The main activities of the Radyvyliv bakery are the production of flour and cereals; provision of grain storage and processing services; water collection and supply to the population.

Qatar has opened a market for Ukrainian honey producers

Ukrainian producers of honey and beekeeping products have the opportunity to export their own products to Qatar. The competent authorities of the two countries have approved the relevant certificates.

According to the minister for Foreign Affairs of Ukraine Dmytro Kuleba, the Qatari certificate creates new economic opportunities for Ukrainian companies, in particular for strong food exports.

The head of the State Food and Consumer Service Vladyslava Magaletska said that Ukrainian honey is known all over the world. Ukraine ranks second in the world as an exporter of this product. In addition, domestic producers are improving their positions.

«In order to make them even more competitive and stronger, the Foreign Ministry together with the State Food and Consumer Service continues to open new markets. This time, a health certificate has been agreed for the export of honey and bee products to Qatar,» she said.

The Ministry of Foreign Affairs of Ukraine and the State Service for Food and Consumer Protection are working together to open new markets for Ukrainian exports, providing support to producers and removing technical barriers to trade, as well as providing state guarantees for compliance with partner countries.

Land market in Ukraine: how many hectares were sold in two months

On the 1 of July 2021, the agricultural land market is opened in Ukraine. Since then, more than 9,000 land transactions have been registered in almost two months.

A total of 9,430 agreements have been concluded within the land market. 4795 notaries applied for access to the State Land Cadastre. There were 5384 applications in total, 4753 of them were approved, 7 were in the queue for consideration, 624 were rejected.

According to the Ministry of Agrarian Policy and Food of Ukraine, the total area of ​​land plots for which agreements are registered is 20,307 hectares.

According to the law, until 2024, only natural persons-citizens of Ukraine with a limit of 100 hectares can buy agricultural land. The law on the land market prohibits foreigners from buying land. The issue of selling land to Ukrainian citizens and foreigners will be decided only in a national referendum.

Learn more: How privatization works in Ukraine

Germany is ready to invest in the green transformation of Ukraine

German Federal Minister of Economy and Energy Peter Altmeier assured Germany of its readiness to invest in Ukraine's green transformation.

"We are ready to help Ukraine when it comes to the EU Accession Treaty on Climate Change and Energy. We support Ukraine's green transition. We are ready to work as closely as possible when it comes to synchronizing Ukraine's electricity and energy systems, EU electricity and energy systems. and Germany in order to positively and constructively take into account the important interests of Ukraine in this area, "Altmeier said at a briefing within the inaugural summit of the Crimean Platform.

He added that since Germany is a leader in this field and 46% of the energy consumed in the country is obtained from renewable sources, many German companies are ready to enter the Ukrainian market.

"They are ready to invest in the production of green hydrogen in Ukraine, which will have a very positive effect on the decarbonization of the economy," the minister said.

Foreign direct investment in Ukraine grew in the first half — NBU

Foreign direct investment (FDI) in the economy of Ukraine due to the participation of a direct investor in capital increased in January-June 2021 by 2.7 billion US dollars.

"Foreign direct investment inflows are determined mainly by reinvested earnings of foreign investors. Thus, foreign direct investment in Ukraine's economy due to the participation of a direct investor in capital increased in 6 months by 2.7 billion US dollars, of which $ 2.3 billion - reinvested direct income investor ", - wrote the chairman of the National Bank Bohdan Danylyshyn.

At the same time, excluding reinvested earnings, the direct investor's investment in the capital of the direct investment enterprise (US $ 430 million) was insufficient even to compensate for the outflow of direct investors from direct investment enterprises through debt instruments (US $ -460 million).

Reinvested earnings are the share of direct investors in retained earnings or losses of a direct investment enterprise, calculated on the basis of net income from operating activities of FDI banks in accordance with the share of foreign direct investor participation in their capital.