Spain allocates EUR 55M to Ukraine to finance SMEs, schools’ energy system
Spain will allocate EUR 55 million to Ukraine to finance small and medium-sized enterprises and to provide schools with ecologically clean energy systems.
Economy - Latest news
01 July 2023
Modular houses and social housing: Zelensky thanks Wasatch Group owner for helping Ukraine
President Volodymyr Zelensky met with American businessman and philanthropist, founder and executive director of Wasatch Group Dell Loy Hansen.
Parliament adopts law on return to pre-war taxation
The Verkhovna Rada of Ukraine (Parliament) has adopted in its entirety the draft law No. 8401, which returns the taxation system to the pre-war state. The law will come into force on August 1, 2023.
Residents of Kherson region already received over UAH 2M under eRecovery program
Residents of Beryslav district, Kherson region, whose homes were damaged by the Russian aggression, have started to get financial assistance under the eRecovery program: first 19 people have already received a total of over UAH 2 million.
Economy Ministry: Direct losses from Kakhovka HPP blast estimated at $2B
Ukraine has suffered at least $2 billion in direct losses caused by the destruction of the Kakhovka HPP. This concerns damage in the housing and utilities sector, energy, agriculture, transport, ecology and industry.
30 June 2023
PM: Ukraine needs new economic model for GDP to reach $1T in 10 years
Prime Minister Denys Shmyhal believes that Ukraine needs a new economic model.
Additional measures needed to stabilize water level in ZNPP’s cooling pond – IAEA
Additional measures need to be taken to stabilize the water level in a cooling pond at the Zaporizhzhia nuclear power plant (NPP).
WB approves $1.5B loan for Ukraine
The Board of Executive Directors of the World Bank (WB) has approved a USD 1.5 billion loan to Ukraine under the guarantee of the Japanese government.
EU and its partners to ensure stable financial support for Ukraine for years to come
The European Union has confirmed its readiness to ensure, together with its international partners and financial institutions, stable and predictable financial support for Ukraine for the years to come, which will be designated, including for the post-war reconstruction of the country.
29 June 2023
IMF completes first review under EFF arrangement: Ukraine to receive about $890M
The International Monetary Fund (IMF) has completed the first review of the extended arrangement under the Extended Fund Facility (EFF) for Ukraine, allowing the authorities to draw the equivalent of about USD 890 million.
Zelensky meets with business representatives
President Volodymyr Zelensky has met with business representatives.
Parliament adds MIA aircraft to list of state aviation
The Verkhovna Rada has added aircraft of the Ministry of Internal Affairs to the list of state aviation.
Reconstruction Agency plans to rebuild about 40 bridges this year
The State Agency for Infrastructure Recovery and Development plans to renovate about 40 bridges in 2023.
Zelensky expects EU to lift restrictions on imports of Ukrainian agricultural products from Sept
President of Ukraine Volodymyr Zelensky expects that the European Union will cancel restrictions on the import of Ukrainian agricultural products from September 15.
Marchenko, USAID administrator discuss cooperation in monitoring use of intl financial aid
Finance Minister of Ukraine Sergii Marchenko and Administrator of the United States Agency for International Development (USAID) Samantha Power discussed the current financial situation in Ukraine.
28 June 2023
Zelensky: Ukraine's potential can ensure $1T GDP
Ukraine has sufficient potential to increase its gross domestic product (GDP) to USD 1 trillion.
Some 30,636 Ukrainians already involved in Army of Reconstruction project
As of June 26, 2023, a total of 30,636 Ukrainians were taking part in socially useful works under the Army of Reconstruction project.
27 June 2023
Latvia includes Russia in list of offshore countries
The Latvian government has decided to include Russia in the list of countries and territories with low or no taxation starting July 1, 2023.
Ukraine, Britain agree to jointly track grain stolen by invaders
Ukraine and Great Britain discuss cooperation in tracking the grain that the Russians steal from the temporarily occupied territories of our country.
Damages to Ukraine's housing stock caused by war exceed $54B
As a result of the full-scale Russian invasion, 8.6% of the total area of Ukraine's housing stock has been affected. The direct losses total more than $54 billion.
Ukraine, UK agree to cooperate to track grain stolen by Russians
Taras Vysotsky, first deputy minister of agrarian policy and food of Ukraine, discussed with Mark Steven Spencer, Minister of State for Food, Farming and Fisheries of United Kingdom, cooperation in tracking stolen grain from the occupied territories of Ukraine.
Australian billionaire wants to invest in Ukraine after Recovery Conference
Andrew Forrest, an Australian billionaire and owner of Fortescue Metals Group, announced his intention to invest in Ukraine after Ukraine Recovery Conference held in London.
26 June 2023
Ukraine exports over 48.4M t of grains, pulses
In this marketing year (MY) (from July 1, 2022, to June 26, 2023), Ukraine exported 48.424 million tonnes of grains and legumes.
Security assistance to Ukraine: Council of EU increases EPF’s ceiling by €3.5B
The Council of the EU today adopted a decision increasing the overall financial ceiling of the European Peace Facility (EPF) by €3.5 billion, which will allow, in particular, to continue providing and boost security assistance to Ukraine.
Government allocates over ₴200 million for construction of Borodyanka Center rehabilitation facility
The Cabinet of Ministers allocated UAH 200 million 633.87 thousand to the Ministry of Veterans Affairs for the construction of the Borodyansky Center for Social and Psychological Rehabilitation.
UN helps develop master plan to rebuild Kharkiv
A UN-supported team of international and local architects has developed a concept for reconstruction of Kharkiv city.
25 June 2023
About $60B attracted at London conference to support Ukraine’s recovery – Shmyhal
At the Ukraine Recovery Conference in London, countries and organizations pledged about $60 billion in aid to support the reconstruction of Ukraine.
Preparing for winter, stockpiling equipment: Energy Ministry counts on cooperation with USAID
On the sidelines of the Ukraine Recovery Conference, Ukrainian Energy Minister German Galushchenko and Ukrainian Energy Deputy Minister Yaroslav Demchenkov met with Assistant Administrator in the USAID Bureau for Europe and Eurasia (E&E) Erin McKee.
24 June 2023
Water level in ZNPP’s cooling pond stable - Energoatom
The water level in the Russia-captured Zaporizhzhia nuclear power plant’s cooling pond remains stable.
Ukraine's Agrarian Ministry, Lagos Free Zone to launch grain terminal project in Nigeria
The Ministry of Agrarian Policy and Food of Ukraine and the international company Lagos Free Zone (Tolaram Group) have signed a memorandum of understanding and joint participation in the project of a grain terminal in the port of Lekki, Nigeria.