Economy ministry: Chilean businesses show interest in investing in Ukraine
The main areas of interest to Chilean partners are mining, especially cooperation in critical materials, agriculture and processing industry.
Economy
17 May 2024
Ukraine's energy sector has lost significant part of generation - Zelensky
The Ukrainian energy sector has lost a significant part of its generation, and there is a need for rational electricity consumption again.
Energy autonomy: Shmyhal sets tasks for all ministries
Providing energy autonomy, generators or solar panels to medical and social welfare facilities should become a major task for each ministry in Ukraine.
Ukraine nationalises two Russian passenger planes
The High Anti-Corruption Court upheld the claim of the Ministry of Justice of Ukraine and confiscated two Russian passenger aircraft owned by the Rostec Corporation.
Govt allocates UAH 1.5B to rebuild thermal power plants in Kyiv, Kharkiv regions
The Cabinet of Ministers of Ukraine has decided to allocate more than UAH 1.5 billion for the restoration and reconstruction of the Zmiivska thermal power plant in the Kharkiv region and the Trypilska thermal power plant in the Kyiv region.
G7 ambassadors, Ukraine's finance minister discuss economic situation, civil servant salaries
The ambassadors of the G7 countries have met with Ukrainian Finance Minister Sergii Marchenko to discuss the current macroeconomic situation, the civil service reform and the salaries of civil servants.
UN experts foresee moderate growth of Ukrainian economy in 2024
UN experts believe Ukraine’s economy will show moderate growth in 2024 after it climbed 5.3% last year.
EBRD assistance to Ukraine reached almost EUR 4B since Feb 2022 – Finance Ministry
Since the beginning of Russia's full-scale invasion, the European Bank for Reconstruction and Development's (EBRD) assistance to Ukraine has reached almost EUR 4 billion.
Blackout schedule in Ukraine may ease next week - grid operator
As warmer weather is expected to come to Ukraine next week, the situation of the country’s power system may improve, but deficit periods will emerge in place for a long time.
UK intel believes Ukraine’s economy likely to grow by around 3% in 2024
Ukraine’s economy remains resilient after two years of Russia’s invasion, and the country is likely to see real economic growth of around 3% in 2024.
Fedorov, Blinken visit drone production facility in Ukraine
Ukrainian Deputy Prime Minister for Innovation, Education, Science and Technology Development - Digital Transformation Minister Mykhailo Fedorov and U.S. Secretary of State Antony Blinken have discussed the peculiarities of drone production.
Russia transports huge volumes of oil through Türkiye to EU - media
Through a loophole in international sanctions, Türkiye relabels Russian oil, passing it off as its own before forwarding it to the European Union, which has already helped Russia gain at least EUR 3 billion.
16 May 2024
Yermak-McFaul Group presents new action plan for economic pressure on Russia
The International Working Group on Russian Sanctions, headed by Head of the Office of the President of Ukraine Andriy Yermak and Director of the Freeman Spogli Institute for International Studies (FSI), Ambassador Michael McFaul, has presented a new action plan to further tighten sanctions pressure on Russia, Action Plan 3.0.
China’s nitrocellulose exports to Russia soar since invasion of Ukraine - media
China's exports to Russia of nitrocellulose, a dual-use component that can be used in munitions production, have skyrocketed since Russia launched a full-scale invasion of Ukraine.
Quarter of Ukraine’s fixed telecom networks affected by war
Due to the ongoing war in Ukraine, 25% of the country’s fixed telecommunication networks sustained damage, as did 4,300 base stations of mobile operators.
HACC recovers two Russian aircraft in favor of Ukraine
The High Anti-Corruption Court of Ukraine (HACC) has recovered in favor of the state two passenger aircraft An-148-100E, owned by Russia’s aviation leasing company, Ilyushin Finance Co.
Medvedchuk’s yacht acquires status of Ukrainian vessel
The yacht Royal Romance has been granted a certificate of the right to fly the state flag of Ukraine, and the corresponding changes have already been registered with the International Maritime Organization (IMO).
15 May 2024
Ukraine receives over 600 tonnes of energy aid following new large-scale attacks
Since March 22, 2024, Ukraine has received more than 600 tonnes of humanitarian aid for the energy sector.
Ukrenergo warns of emergency shutdowns Wednesday night
In the evening hours of May 15, emergency power shutdowns are highly likely to be applied, affecting both industrial and household consumers across Ukraine.
Naftogaz Group’s key enterprises show improved financial results in 2023
Last year Naftogaz Group’s key enterprises improved their financial results by at least 40% compared to 2022.
14 May 2024
Ukrenergo introducing emergency blackouts across Ukraine
Ukraine's power grid operator Ukrenergo is introducing controlled emergency shutdowns in all regions of Ukraine.
Consumer price growth to accelerate moderately in Ukraine in coming months - NBU
The National Bank of Ukraine (NBU) predicts that consumer price growth will moderately accelerate in the coming months as the effects of last year’s higher harvests and this year’s warm weather wear off and businesses’ labor costs rise.
Government establishes Strategic Investment Council - PM Shmyhal
The Cabinet of Ministers of Ukraine will create a Strategic Investment Council to develop a single project portfolio of public investments.
EU extends duty-free trade with Ukraine for another year - Ministry of Agrarian Policy
The European Union has approved the decision to extend autonomous trade measures for Ukraine for another year, until June 5, 2025. For some types of agricultural products, separate requirements have been introduced, based on average export volumes for the second half of 2021-2023.
EU provided EUR 32B in budget support to Ukraine since Feb 2022 – Finance Ministry
The European Union is the largest donor of budgetary assistance to Ukraine - about EUR 32 billion since February 2022.
Ukraine Plan: EU Council greenlights payments under Ukraine Facility
The Council of the European Union today adopted an implementing decision giving a positive assessment to the "Ukraine Plan," which sets out the intentions of the Ukrainian government regarding the recovery, reconstruction and modernization of the country, and the reforms it plans to undertake as part of its EU accession process in the next four years.
EU approves Ukraine Facility Plan – PM Shmyhal
The European Union has finally approved the plan for implementing the EUR 50 billion Ukraine Facility program.
Ambassador Zvarych: Poland not suspend agricultural talks with Ukraine
Warsaw has not suspended talks with Kyiv on agricultural issues. The negotiations continue at all levels.
Economy ministry presents catalog of industrial parks
The Ukrainian Economy Ministry has presented a catalog of industrial parks, which is intended to help enterprises find partners or a location with well-developed infrastructure, where production facilities can be placed, as well as raise new investment.