Mykolaiv region restoring long-term storage facilities for vegetables, fruit
The long-term storage facilities for fresh vegetables and fruit are being restored in the Mykolaiv region.
Economy - Latest news
22 November 2024
IAEA to strengthen its mission at Ukraine's nuclear energy facilities – Sybiha
The International Atomic Energy Agency (IAEA) will expand and reinforce its monitoring mission at nuclear energy facilities in Ukraine.
Vinnytsia region produces 236,000 t of sugar as of Nov 22
The Vinnytsia region’s sugar refineries have already produced 236,000 tonnes of sugar.
Attacks on NPP substations: Ukraine calls on IAEA to take more radical measures against Russia
As part of his working visit to Vienna, where the IAEA Board of Governors is meeting, Ukraine's Energy Minister German Galushchenko met with US Permanent Representative to the IAEA Laura Holgate to discuss strengthening the protection of substations critical to the operation of nuclear power plants.
UK sanctions oligarch Firtash over corruption
On November 21, 2024, the United Kingdom imposed sanctions on Ukrainian oligarch Dmitry Firtash and individuals associated with him, including his wife, over corruption.
Russian attacks on NPP substations: Ukraine urges IAEA to take more drastic measures
Ukraine calls for more drastic measures to be taken against the aggressor state of Russia over its attempts to provoke a radiation accident by attacking the substations that are critical to the operation of nuclear power plants (NPPs).
Ukraine, Italy expand cooperation in supply of critical raw materials
Ukraine and Italy are expanding cooperation in the supply of critical raw materials.
21 November 2024
Norway allocates almost EUR 43M to boost Ukraine’s defense industry
On Thursday, Norwegian Defense Minister Bjørn Arild Gram announced that Norway will provide Ukraine with NOK 500 million (almost EUR 43 million) to develop its defense industry.
GOP’s attempt to prevent Biden from writing off Ukraine’s $4.6B debt fails in Senate
The U.S. Senate did not support the initiative put forward by Senator Rand Paul, who tried to block President Biden's decision to write off half of Ukraine's debt for a loan provided as economic aid.
IMF to decide on next tranche for Ukraine within EFF in coming weeks
The IMF Executive Board will meet to hear the results of the sixth review of the Extended Fund Facility for Ukraine and to make a decision on the allocation of the next tranche in the coming weeks.
U.S. slaps sanctions on Russia's Gazprombank, other financial institutions
The U.S. Treasury announced a new package of sanctions against Russia as part of the G7 agreements, which include restrictions against Gazprombank and dozens of other banks and financial institutions.
Ukraine, World Bank present ‘Reform Matrix’ – PM Shmyhal
Ukraine and the World Bank have presented the Reform Matrix, a change plan aimed, in particular, at reforming public investment management.
Ukraine counts on Italy's support in development of deep agro-processing - Agrarian Policy Ministry
Ukraine counts on Italy's support in the development of deep processing of agricultural products.
Energy ministry in dialogue with industry, importers over optimal model of electricity supply
The Ministry of Energy is exploring additional opportunities to encourage electricity imports, where the key factors are the availability of electricity and the ability to deliver it at the right times.
Emergency power outages implemented in Kyiv, four regions
Emergency power outages have been implemented in Kyiv, Kyiv region, Odesa region, Dnipropetrovsk region, and Donetsk region.
U.S. State Dep’t confirms intentions to write off Ukraine’s $4.6B debt
The U.S. Department of State has confirmed Joe Biden’s Administration made a first step toward canceling Ukraine’s debt to the U.S. worth $4.6 billion that the nation was supposed to repay for the loans provided, but Congress is yet to take the appropriate decision.
Over 6M hectares across Ukraine already sown with winter crops
As of November 19, 2024, Ukrainian farmers sowed 6.14 million hectares (98%) with winter crops.
20 November 2024
Zelensky discusses support programs for Ukraine with World Bank official
President Volodymyr Zelensky met with the World Bank's Managing Director for Operations Activities Anna Bjerde, with whom he discussed Ukraine's financial stability and support programs.
Austria pledges additional EUR 2M for Grain from Ukraine initiative
Austria has committed an additional EUR 2 million to support the Ukrainian-led Grain from Ukraine initiative, aimed at addressing global food insecurity exacerbated by Russia's war against Ukraine.
UN World Food Programme plans to allocate over $2B to support Ukraine - Shmyhal
The Executive Board of the UN World Food Programme has approved an interim strategic plan for Ukraine for the period of 2025-2027, with a budget of $2.1 billion.
Umerov, Danish defense minister discuss investment model for Ukrainian weapons production
Defense Ministers of Ukraine and Denmark Rustem Umerov and Troels Lund Poulsen discussed further cooperation for 2025, including an increase in military support to EUR 2.2 billion.
Amid electricity consumption hike, import scheduled from five countries
On Wednesday, November 20, electricity consumption is increasing in Ukraine so the grid operator has scheduled imports from five countries for today.
Some 220 companies already registered with CodeUA platform – Deputy PM Fedorov
A total of 220 Ukrainian IT companies have already registered with the tech companies platform, CodeUA.
19 November 2024
IMF slightly improves Ukraine's GDP growth forecast
The International Monetary Fund (IMF) has slightly improved its forecast for Ukraine's real GDP growth to 4% this year and 2.5-3.5% next year.
Zelensky, Frederiksen inspect Ukrainian long-range drones procured with Denmark’s support
President of Ukraine Volodymyr Zelensky and Prime Minister of Denmark Mette Frederiksen met with Ukrainian manufacturers of long-range drones and the soldiers who operate them.
World Bank to allocate $662M to Ukraine for social protection
The Cabinet of Ministers of Ukraine has approved a decision on raising a $662 million loan from the International Bank for Reconstruction and Development (IBRD) to finance social protection programs.
Ukrnafta signs agreement with Shell to acquire filling stations – Naftogaz CEO Chernyshov
Ukrnafta PJSC, which is part of Naftogaz Group, and the international company Shell have signed an agreement for Ukrnafta to acquire a 51% stake in Alliance Holding LLC.
Ukraine Budget 2025 lays down record amount for defense
In the state budget for 2025, UAH 2.23 trillion is slated for weapons’ manufacture and procurement.
Parliament approves Ukraine’s state budget for 2025
On November 19, 2024, the Verkhovna Rada of Ukraine endorsed in the second reading and as a whole draft bill No. 12000 ‘On the State Budget of Ukraine for 2025’.
DTEK to update power outage schedules daily
The DTEK Group (Ukraine’s energy company) will adapt its power outage schedules based on daily changes in the energy system and update the information on them every day.