business

Italy's Eni to develop giant Venezuelan oil field with 35 billion barrels

Italian energy company Eni has reached an agreement with Venezuelan state oil company PDVSA to jointly develop the Junín 5 oil field in Venezuela's Orinoco Belt. The 25-year deal makes Eni the field's operator, according to the company’s announcement on Sept. 2.

4 September, 11:45 AM

Russia increases gas supplies to Europe as TurkStream runs at 92% capacity

Russian gas giant Gazprom’s supplies to Europe via the TurkStream pipeline rose 3% year over year in August to 51.9 million cubic meters per day, The Moscow Times reported on Sept. 3.

3 September, 02:19 PM

Ukraine ranks among world's top 40 countries with largest public debt

Ukraine's public debt is estimated at about $276 billion, or 122.6% of projected GDP in 2026, according to the International Monetary Fund on Aug. 28.

28 August, 05:37 PM

Russia plans state grain purchases as export disruptions hit seaport shipments

The Russian government is considering grain purchases to offset major export disruptions and plans measures to support local farmers, including loan extensions and sales subsidies, Interfax reported, citing Agriculture Minister Oksana Lut on Aug. 24.

24 August, 08:45 AM

Russia's Central Bank urged to put ruble exchange rate under 'manual control'

Russia's Sberbank has proposed changing the central bank's foreign exchange market rules to give it more flexibility in managing the ruble's exchange rate, The Moscow Times reported on Aug. 21.

21 August, 01:58 PM

Ukraine wants EU to increase bioethanol export quota as current limit nears exhaustion

Ukraine plans to seek an increase in its bioethanol export quota to the European Union after nearly exhausting the current limit, Agriculture Minister Taras Vysotskyi told NV Business on Aug. 18.

18 August, 05:56 PM

Are Ukrainians preparing for a hard winter? Demand for backup power equipment rises

Amid recent massive Russian attacks and government warnings of a difficult winter, Ukrainians are gradually stepping up preparations for possible power outages.

17 August, 04:57 PM

Odesa farmers harvest first niche crop with yield of 2 metric tons per hectare

Chornomorets and Agro Firm Pivdenna, two Odesa Oblast agricultural companies that are part of Tekom Agro Group, harvested their first oilseed flax crop, AgroTimes reported on Aug. 12.

12 August, 02:49 PM

Ukraine plans preferential recovery loans for large businesses hit by Russian strikes

Large businesses continue to complain that they cannot access Ukraine's state-backed 5-7-9% loan program, while the Economy and Environment Ministry plans to offer them loans at 10% annual interest, Interfax-Ukraine reported on Aug. 12.

12 August, 02:39 PM

256 companies with Bulgarian owners operate in Ukraine

A total of 256 companies operating in Ukraine that filed financial statements for 2025 have Bulgarian beneficiaries, with one in six reporting annual revenue above UAH 100 million, Opendatabot reported on Aug. 10.

10 August, 03:39 PM

Russia to sell 30.4% state stake in Sheremetyevo Airport as finances come under pressure

Vladimir Putin has cleared the sale of the government's 30.4% stake in Sheremetyevo, Russia's largest airport, as Moscow seeks to bolster state finances strained by the war, Reuters reported on Aug. 7.

7 August, 07:16 PM

NBU plans commemorative coin to mark 25 years since John Paul II's Ukraine visit

The National Bank of Ukraine plans to issue a commemorative coin in 2026 honoring Pope John Paul II and the 25th anniversary of his apostolic visit to Ukraine, the central bank said on Aug. 7.

7 August, 06:46 PM

Azerbaijan slashes Russian oil imports more than ninefold in 2026

Azerbaijan has sharply reduced oil imports from Russia since the start of 2026, with shipments falling more than ninefold, Interfax-Ukraine reported on Aug. 7.

7 August, 02:57 PM

Moldova rejects calls to restrict imports of Ukrainian grain

Moldova's government does not plan to impose restrictions on imports of Ukrainian grain despite calls from some local farmers to do so, UkrAgroConsult reported on Aug. 6.

6 August, 06:15 PM

Maersk launches temporary rail link between Ukraine and Romania

Global container shipping company Maersk has launched temporary rail services linking Ukrainian inland terminals with Romania's Port of Constanța to help maintain import and export cargo flows amid disruptions to Black Sea shipping on Aug. 6.

6 August, 03:38 PM

Government plans support for business after Russian Warehouse attacks

Ukrainian Prime Minister Serhiy Koretskyi said he held an emergency meeting with business, retail and logistics leaders to ensure uninterrupted supplies of food, medicines and other essential goods amid Russia's sustained strikes on key enterprises on Aug. 6.

6 August, 11:17 AM

Moldovan citizen injured in Russian strike on Kyiv Oblast; his truck burned completely

A Moldovan citizen was injured in the Russian ballistic attack on Kyiv Oblast overnight into Aug. 5 after arriving the previous evening at a logistics center in the village of Chaiky, according to public broadcaster Suspilne.

5 August, 03:54 PM

Oil prices fall as Iran ceasefire talks fuel hopes of an end to the conflict

Oil prices extended losses after plunging over the previous two trading sessions, as easing geopolitical tensions and expectations of improving oil supply continued to weigh on the market on Aug. 5

5 August, 11:15 AM

Ukraine's economy returns to growth in Q2

Ukraine's real gross domestic product grew 0.6% year over year in the second quarter of 2026, rebounding from a 0.6% decline in the first quarter, according to the State Statistics Service on Aug. 4.

4 August, 06:27 PM

Georgia's only refinery to end Russian oil purchases and switch to Kazakh and Libyan crude

Black Sea Petroleum LLC, which owns the oil refinery at Georgia's Kulevi port, will switch to processing Kazakh and Libyan crude in August and September 2026, ending purchases of Russian oil, The Moscow Times reported on Aug. 3.

3 August, 05:29 PM

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