(c) shutterstock
The Cabinet of Ministers has decided to approve the draft Law “On Approval of the National Targeted Scientific and Technical Space Program of Ukraine for 2021–2025” with a total funding of ₴40.78 billion, the Prime Minister of Ukraine, Denys Shmyhal, said at a government meeting on Wednesday.
The program is aimed at achieving the following key objectives:
Specifically, the program provides for the creation and development of the internal market for space technologies, information and services: promoting the introduction of advanced space technologies in the civilian sector (spin-off) and civil technologies in the space industry (spin-in).
More than ₴40 billion will be needed for its implementation from 2021 up to and including 2025: ₴900 million in 2021 (₴195 million from the state budget and ₴705 million from other sources), ₴10.5 billion in 2022 (₴4.78 billion and ₴5.71 billion respectively), ₴14.1 billion in 2023 (₴6.59 billion and ₴7.51 billion respectively), ₴9.6 billion in 2024 (₴3.7 billion and ₴5.86 billion respectively), ₴5.7 billion in 2025 (₴472 million and ₴5.2 billion respectively).
Among the most ambitious plans are:
As reported earlier, at its last meeting, the Cabinet of Ministers resolved to transform state-owned enterprises of the space industry into joint stock companies. The list of corporatized companies includes: State Enterprise “Yangel Yuzhnoye State Design Office”, State Scientific Production Enterprise “Kommunar Corporation”, Kyivprylad State Enterprise, Arsenal Special Device Production State Enterprise, State Enterprise “Dniprovsky Project Institute” and the State Factory “Production Union Pivdennyi Machine-Building Plant named after O.M. Makarov” (former Yuzhmash).
Austrian steel producer voestalpine expects profits to rise in the 2026/2027 financial year against the…
In most regional billet markets, prices rose slightly in May—by $10–20 per ton. The Gulf…
Iron ore prices (KORE 62% Fe/Qingdao) began to decline in late May–early June 2026 following…
In January–April 2026, the long steel market in Ukraine saw a significant increase in imports—up…
German steelmakers have warned that prolonged disruptions in rail freight transport threaten the supply of…
The Italian group Marcegaglia is investing an additional €600 million in the Mistral project in…