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The $280M bridge from Orlivka (Ukraine) to Isaccea (Romania) would cut 2 hours off the drive from Odesa to Turkey and would be part of the European E87 highway. On Friday, President Poroshenko of Ukraine and PM Borisov of Bulgaria inspected repairs on the Odesa-Reni stretch of the road. With upgrades on this 320 km highway nearly complete, the freight traffic…
CMEC (China Machinery Engineering Corporation) and DTEK broke ground a 200 MW, 400 ha, $265M solar farm near Nikopol. In six months it would be Europe’s second largest, after France’s Cestas 300 MW solar station. Financed by DTEK and CMEC, it will use equipment from Chinese companies: Seraphim Solar System and Trina Solar will provide 750,000 solar panels, and Shenzhen…
On October 3, the U.S. Senate passed by unanimous consent S. Res.435, a resolution commemorating the 85th anniversary of the Ukrainian Famine-Genocide (Holodomor) of 1932-1933. The resolution recognizes the findings of the 1988 Commission on the Ukraine Famine that expressly states “Joseph Stalin and those around him committed genocide against the Ukrainians in 1932–1933.”
World Bank predicts Ukraine’s economy will grow by 3.3% this year, and possibly by 4% next year, according to Faruk Khan, the Bank’s lead economist for Ukraine, Belarus and Moldova. Without an IMF accord this fall, growth could tumble to 2% next year, he told reporters on October 4.
The starting auction price for the state’s 78% of shares in Centrenergo will be $212 million, the Cabinet of Ministers decided on October 3. Located in central and eastern Ukraine, Centrenergo saw its electricity production drop by 36% due to the cut off anthracite coal from the Russia-occupied part of the Donbas. With alternative coal sources in place, the company…
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