Electricity supply restored to over 9,000 households in past day
In Ukraine, energy repair teams restored power supplies to 9,290 consumers who had found themselves in blackout as a result of hostilities in the past day.
Economy - Latest news
22 December 2024
Orban says Hungary in talks with Ukraine, Russia on gas supplies
Hungarian Prime Minister Viktor Orban has said that Budapest is in talks with Russia and Ukraine on keeping open gas shipments via Ukraine even though its Russian gas imports now come via the Turkstream pipeline.
21 December 2024
New Nyzhankovychi-Malhowice checkpoint to ease border traffic - Ukrainian ambassador
The opening of the Nyzhankovychi-Malhowice checkpoint on the Ukrainian-Polish border will significantly ease pressure on neighboring checkpoints.
IMF approves new $1.1B tranche for Ukraine
Following Friday's meeting on the sixth review of the Extended Fund Facility for Ukraine, the IMF Executive Board decided to allocate for Ukraine the next tranche worth $1.1 billion.
IMF predicts significant improvement in Ukraine's GDP in 2026-2027
The International Monetary Fund confirmed the outlook for Ukraine's GDP growth at 4% this year and 2.5-3.5% next year, but also predicted a significant improvement in 2026 and 2027 – to 5.3% and 4.5%, respectively.
Odesa region gathers first commercial sweet potato harvest
In the Odesa region’s Bilhorod-Dnistrovskyi district, farmers have completed the harvesting of sweet potatoes from an area of seven hectares.
20 December 2024
Lithuania to provide EUR 10M this year to implement ‘Danish model’ in Ukraine – PM Shmyhal
This year, Lithuania will provide EUR 10 million to implement the “Danish model,” which involves investing in the production of military equipment in Ukraine.
Lithuania ready to invest in Ukraine's Palianytsia missile-drone production
Lithuania has expressed its readiness to invest in the production of Ukraine's Palianytsia missile-drone, a part of the country's long-range capabilities program.
Aeroc Plant sold through privatization auction for UAH 1.89B
On December 19, 2024, the Ukrainian State Property Fund sold the nationalized enterprise, Aeroc LLC, through privatization auction for UAH 1.89 billion.
Insurance proceeds under MTPL insurance in Ukraine to go up to UAH 500,000
From 2025, the amount of insurance proceeds, or liability limits, under motor third party liability (MTPL) insurance agreements in Ukraine will increase by about 1.5 times.
19 December 2024
Switzerland allocates almost EUR 48M in winter assistance to Ukraine
Switzerland is providing Ukraine with almost 45 million Swiss francs (almost EUR 48 million) in winter assistance to help restore the energy infrastructure destroyed by Russian attacks.
European Commission announces decision on EUR 18.1B loan for Ukraine, with first tranche in January
The European Commission has announced its decision to provide Ukraine with macro-financial assistance in the form of a EUR 18.1 billion loan to be disbursed in equal installments through 2025, with the first tranche to be paid in early January.
Minister Koval: Ukraine’s agricultural exports reach 72.7M tonnes since early 2024
In January-November 2024, Ukraine exported 72.7 million tonnes of agricultural products. By the end of the year, Ukraine’s agricultural exports are expected to hit about 77 million tonnes.
Nuclear energy to be most promising area of Ukraine-Poland cooperation – expert’s opinion
Ukraine has significant experience in the field of nuclear energy, and Poland is only starting to create its own network of nuclear power plants. Hence, strategic partnership in this sphere may be the most promising area of cooperation between Kyiv and Warsaw.
Fitch affirms Naftogaz’s credit ratings at ‘CC’
The credit rating agency, Fitch Ratings, has affirmed National Joint Stock Company Naftogaz of Ukraine's (Naftogaz) Long-Term Issuer Default Rating (IDR) at ‘CC’.
18 December 2024
World Bank allocates first tranche from fund backed by frozen Russian assets to Ukraine
The World Bank has approved the allocation of $2.05 billion to Ukraine for financial stability, reforms and investment promotion, including from the fund generated from profits on frozen Russian assets.
IEA offers Ukraine recommendations on developing distributed power generation
Representatives from the International Energy Agency (IEA) presented a report with recommendations on decentralizing Ukraine’s power system at a meeting with the Deputy Minister Roman Andarak of Energy.
Ukraine receives EUR 4.1B under Ukraine Facility
Ukraine has received €4.1 billion from the European Union under the Ukraine Facility program.
Rheinmetall secures EUR 9M contract with Ukraine to supply 155mm artillery propellant charges
Germany’s arms manufacturer Rheinmetall has received an order from the Ministry of Defense of Ukraine to supply 155mm artillery propellant charge modules.
Ukraine-Japan trade turnover grows by 6%
Bilateral trade between Ukraine and Japan reached $747.2 million in 2024, marking a 6% increase from the previous year and continuing last year's growth trend of almost 30%.
Ukrposhta delivers over 50 million parcels this year
In 2024, Ukrposhta JSC, Ukraine’s national postal operator, processed over 85 million units of correspondence and 50 million parcels.
MoD streamlines conditions for Ukrainian arms producers
The Ministry of Defense has amended the defense procurement procedures under state guarantees for Ukrainian manufacturers.
Government allocates UAH 41.4M to Kharkiv for construction of school shelters
The Cabinet of Ministers has approved the allocation of UAH 41.4 million in state budgetary subsidies for the construction of shelters in Kharkiv's secondary education institutions.
Ukraine to start production of Japanese pickup trucks
In cooperation with Ukrainian manufacturers, a Japanese engineering company will launch the production of pickup trucks using the SKD method on the territory of Ukraine.
Naftogaz Group transfers over UAH 80B in tax payments since early 2024
In January-November 2024, Naftogaz Group transferred more than UAH 80 billion in tax payments to Ukraine’s state and local budgets.
17 December 2024
Gazprom shares drop to 16-year low
Shares of Russian gas giant Gazprom on Tuesday plunged to their lowest since January 2009, to 106.1 rubles apiece.
Ukraine's grid operator cancels blackouts for Dec 18
Hourly power outages are not scheduled for household consumers on Wednesday, December 18.
Qatar-Türkiye gas pipeline project to intensify struggle with Russia on energy market – expert’s opinion
The gas pipeline project between the State of Qatar and the Republic of Türkiye will intensify competitive struggle with Russia on the energy market.
IAEA extends monitoring mission at substations critical for NPP operation
Representatives of the International Atomic Energy Agency (IAEA) conducted another visit to substations of NEC Ukrenergo, which are key to the operation of nuclear power plants.
UK expands sanctions against Russia's 'shadow fleet'
The British government has announced new sanctions against 20 tankers involved in the illegal transportation of Russian oil and a new assistance package for Ukraine to help the country restore its energy system.