Ukraine signs new agreements totaling almost $600M with World Bank
Under the new project “Resilient, Inclusive and Sustainable Enterprise” (RISE), Ukraine has signed agreements with the World Bank worth almost $600 million.
Economy - Latest news
04 November 2024
Naftogaz Group announces competitive tenders worth more than UAH 66B in 2024
In 2024, Naftogaz Group’s companies announced competitive tenders worth more than UAH 66 billion. The total value of signed agreements came to UAH 41.5 billion.
Ternopil region produces more than 157,000 t of sugar
This season sugar refineries in the Ternopil region have already produced more than 157,000 tonnes of sugar.
Naftogaz follows uniform standard to check contractors – CECO Kalinin
Naftogaz Group has endorsed a uniform standard to check contractors, as well as provides a confidential hotline to report potential violations.
Survey: 70% of polled businesses intend to invest in Ukraine despite ongoing war
The latest round of the “Ukraine’s Investment Attractiveness Index” survey, conducted by the European Business Association in partnership with NEQSOL Holding, showed that 70 percent of the companies covered by the poll plan to invest in Ukraine amid the war.
Naftogaz Group’s capital expenditures reach about UAH 62B in 2024 – CEO Chernyshov
This year Naftogaz Group’s capital expenditures (CAPEX) have reached about UAH 62 billion. In 2025, their amount is expected to grow.
Taiwan severs machine tool supplies to Russia after schemes exposed by Ukrainian think tank
Taiwan’s government took action after schemes were exposed by foreign think tanks, including Ukraine’s Center for Defense Reforms, of Taiwanese machine tool supplies to Russia in evasion of international sanctions.
Naftogaz Group takes fourth place for procurement volumes via Prozorro – Svyrydenko
In 2023-2024, Naftogaz Group took fourth place in terms of procurement volumes via the Prozorro system, and 90% of agreements were signed with Ukrainian contractors.
Capital investments in Ukraine's energy sector up by 2.2 times in 2023 - DiXi Group
Capital investments in the production, processing and supply of energy resources in Ukraine increased by 2.2 times in 2023 year-over-year, to UAH 109.3 billion.
02 November 2024
Russian victory would cost Germany 10 to 20 times more than aid to Ukraine - German experts
The price of a Russian victory will be times higher for Germany than helping Ukraine win over Russia in the ongoing war.
Germany hands EUR 2.4M to UNIDO project toward restoring Ukraine’s "green industry"
The German Federal Ministry for Economic Cooperation and Development (BMZ) has provided an additional EUR 2.4 million to support the project on the recovery of green industry through development at the level of Ukrainian municipalities as part of the UNIDO Program for a green industrial recovery in Ukraine for 2024-2028.
Belgian and Ukrainian defense companies sign agreement on joint missile production
The Belgian company Thales and a Ukrainian defense company have signed a memorandum on joint production of missiles to counter enemy drones.
Ukraine already harvests 66.7M tonnes of grain, oilseed crops
As of November 1, 2024, a total of 66.7 million tonnes of the new-harvest crops were gathered across Ukraine.
World Bank launching new private sector development program worth $593M in Ukraine
On October 31, 2024, the World Bank announced that a new private sector development program, totaling USD 593 million, would launch in Ukraine.
01 November 2024
National Bank governor: breakthrough in West’s perception of Russian assets
The West saw a major shift in the attitude toward Russian assets immobilized since the full-scale invasion of Ukraine.
Combatants, their relatives obtain over UAH 21.7M for business development purposes in Ternopil region
Forty-six combatants and their family members have received more than UAH 21.7 million worth of business development grants in the Ternopil region.
Repairs being conducted in one of six reactors at ZNPP
At Ukraine's Zaporizhzhia Nuclear Power Plant (ZNPP), repairs are being conducted in one of its six reactors after a small water leakage was detected from an impulse line – essentially a small pipe – connected to the unit's primary circuit, with the work expected to be completed later this week.
Grain harvesting campaign near completion in Donetsk region
In the Ukrainian-controlled Donetsk region, farmers are finishing the harvesting of grain crops. A total of 317.4 thousand tonnes of grain has already been gathered from 95.7% of crop fields.
More than 160,000 t of sugar produced in Vinnytsia region as of Nov 1
The Vinnytsia region’s sugar refineries have already produced 164,000 tonnes of sugar.
NBU Governor outlines reasons for accelerated inflation
In recent months, the inflation rate has increased expectedly. However, the pace of the increase turned out to be faster than the forecast, and it may reach 9.7% by the end of the year.
Germany increases grain imports from Ukraine since start of full-scale war
The German federal government confirms the increase in Ukrainian grain imports in recent years and at the same time refutes reports of the negative impact on its market.
31 October 2024
Heating season starts in all regions except Kherson, Odesa
As of the morning of October 31, the heating season has commenced in all regions of Ukraine except Odesa and Kherson, where the delay is due to air temperatures.
Russian drone attack damages power line in Kyiv
In Kyiv this morning, a high-voltage overhead power line operated by DTEK was damaged as the downed drone plunged to the ground.
Parliament endorses draft state budget for 2025 in first reading
On October 31, 2024, the Verkhovna Rada of Ukraine endorsed in the first reading the draft bill on the State Budget of Ukraine for 2025.
Ukraine actively starting heating season – Naftogaz CEO
Ukrainian cities are actively starting the heating season, which is the result of the coordinated interaction and teamwork of all professionals involved in the energy sector.
In worst-case scenario, power outages this winter could last up to eight hours – Ukrenergo
If Russian forces continue to target Ukraine's energy infrastructure and these attacks are successful, power consumption restrictions lasting up to eight hours may be implemented this winter.
Russia keeps violating OPEC+ agreements - research
By concealing the true extent of its production and sales, Russia has flagrantly violated its obligations under the OPEC+ agreement to reduce oil output.
Ukraine presents roadmap for opening airspace amid martial law
With the support of the Embassy of the United States in Ukraine and in cooperation with the Ukrainian State Aviation Administration, Ukrainian State Air Traffic Services Enterprise (UkSATSE), the Air Force Command, and the directors of international airports, the Ukrainian Communities and Territories Development Ministry has presented a roadmap for opening Ukraine’s airspace amid martial law.
Ukraine signs memorandum on natural gas quality with GTS operators of CESEC countries
Gas Transmission System Operator of Ukraine LLC (GTSOU) has signed a Memorandum of Understanding related to the harmonization of the natural gas quality requirements as part of the Central and South-Eastern Europe Energy Connectivity (CESEC) initiative.
EBRD allocating EUR 300M for Ukrzaliznytsia to purchase electric locomotives
The European Bank for Reconstruction and Development (EBRD) will allocate funds to upgrade the dual-voltage electric locomotive fleet, and Ukrzaliznytsia JSC will purchase 50 electric locomotives as part of this loan.