Sweden allocating additional EUR 44M for heating and energy in Ukraine
The Government of Sweden has approved an additional SEK 500 million (almost EUR 44 million) in support for heating and electricity supply in Ukraine
Economy - Latest news
06 September 2024
Irish delegation visits Ukraine’s energy object affected by Russian attacks
As part of the visit by Prime Minister of Ireland Simon Harris to Ukraine, Ukrainian Energy Deputy Minister Mykola Kolisnyk discussed with the Irish government delegation the need to expand assistance to Ukrainian power engineers.
Finance ministry raises UAH 29.1B from sale of government bonds in Aug 2024
In August 2024, the Ukrainian Finance Ministry raised UAH 29.1 billion in the state budget from the sale of domestic government bonds.
Austrian aviation company could supply spare parts to Russia, evading sanctions
The Austrian company Diamond Aircraft could supply spare parts and engines for its planes to the Russian Federation through China, bypassing sanctions.
05 September 2024
No significant fluctuations in exchange rate expected until year-end – expert’s opinion
The National Bank of Ukraine (NBU) will continue efforts to maintain balance between supply and demand, which will serve as a safeguard against rapid exchange rate fluctuations.
Sugar refining season begins in Ternopil region
In the Ternopil region, one of enterprises has already started the sugar refining season and processed 19,000 tonnes of sugar beets.
Galushchenko discusses assistance in restoring energy system with Belgian, Italian ambassadors
Ukraine's Minister of Energy German Galushchenko has discussed the provision of assistance in restoring the energy system with the ambassadors of Belgium and Italy.
Thematic Conference in follow-up of Peace Summit adopts communique on Food Security
Head of the Presidential Office Andriy Yermak took part in a thematic conference, held via video link, on the implementation of the agreements reached at the Global Peace Summit and dedicated to the Food Security point of the Peace Formula.
Over 60% of Ukrainian businesses see their performance significantly affected by war – survey results
Over 60% of Ukrainian micro, small and medium-sized enterprises acknowledge a significant deterioration in their economic and financial performance indicators.
IAEA to provide technical assistance to Ukraine with completion of power units at Khmelnytskyi NPP
The International Atomic Energy Agency (IAEA) has expressed support for Ukraine’s intentions to expand nuclear energy, namely to finish the construction of power units at Khmelnytskyi Nuclear Power Plant (NPP). In this regard, the agency is ready to provide technical assistance.
04 September 2024
IAEA’s report highlights Russia’s military presence at Zaporizhzhia NPP
Monitors from the International Atomic Energy Agency recorded the presence of armed men and military equipment at the Zaporizhzhia nuclear power plant, seized by Russia.
Ukraine, IMF launch discussions on fiscal reforms
The leadership of the Ministry of Finance and the National Bank of Ukraine, together with the mission of the International Monetary Fund, on Wednesday started the discussion of economic and financial policy measures within the framework of the fifth review of the Extended Fund Facility.
Capacities of Ukraine’s defense industry already double what budget can cover - Ministry
Ukraine has significantly increased the output of weapons and attracted additional funding from international partners.
Ukraine completes public debt restructuring
Ukraine has successfully completed the restructuring of its public and publicly guaranteed debt, totaling about USD 20.5 billion.
IMF begins talks with Ukraine on fifth review of EFF Arrangement
On Wednesday, September 4, 2024, a mission of the International Monetary Fund (IMF) started talks with the Ukrainian government on the fifth review of the Extended Fund Facility (EFF) Arrangement, totaling USD 1.1 billion.
Parliament fails to approve resignation of State Property Fund Head Koval
The Verkhovna Rada did not support the resignation of the head of the State Property Fund, Vitaliy Koval.
About 0.5M hectares across Ukraine already sown with winter crops
Ukrainian farmers have started the autumn sowing campaign. As of early September 2024, more than 484 thousand hectares were sown with winter crops.
Agrarian Policy Ministry approves grain export limits for MY 2024/2025
In the marketing year 2024/2025, Ukraine will export 16.2 million tonnes of wheat and a mixture of wheat and rye.
03 September 2024
VR endorses draft bill on raising defense expenditures by UAH 500B in first reading
The Verkhovna Rada of Ukraine has endorsed in the first reading draft bill No. 11417, increasing the state budget by UAH 500 billion for 2024.
IAEA Director General holds meetings in Kyiv before trip to ZNPP
Director General of the International Atomic Energy Agency (IAEA) Rafael Grossi discussed support for Ukrainian NPPs with the heads of the Ministry of Energy, SNRIU and Energoatom in Kyiv before visiting the occupied ZNPP.
Ukraine’s state budget receives customs payments worth UAH 51.1B in Aug 2024
Last month Ukraine’s state budget received UAH 51.1 billion worth of customs payments, which is UAH 3.2 billion higher compared to July 2024.
Ukraine, UK enhance cooperation in digital trade
On September 1, 2024, the Digital Trade Agreement between Ukraine and the United Kingdom entered into force. Ukraine became the second country after Singapore to sign such an agreement with the United Kingdom.
02 September 2024
IMF starts another review of EFF program – PM Shmyhal
The International Monetary Fund (IMF) has started a mission for the fifth review of the Extended Fund Facility (EFF) arrangement, which will allow Ukraine to attract $1.1 billion this autumn.
President spoke about prospect of returning ZNPP under control of Ukraine.
Today, only political steps are being taken to return the Zaporizhzhia NPP seized by the Russians to Ukrainian control. But they are not enough.
Grain crops harvested from 85% of areas in Donetsk region – regional administration
In the Ukrainian-controlled Donetsk region, grain crops have already been harvested from 85.2% of areas, with a total of 286.8 thousand tonnes of grain threshed.
Ukraine’s state budget to receive UAH 2.8B per month from increased excise duties on fuel – expert’s opinion
Having the excise duties on fuel raised from September 2024 will generate an additional UAH 2.8 billion per month for Ukraine’s state budget as soon as this year.
President Zelensky signs law raising excise duties on fuel
Ukrainian President Volodymyr Zelensky has signed a bill on making amendments to the Tax Code of Ukraine regarding the implementation of the provisions of the EU law on the excise tax.
01 September 2024
Emergency blackouts introduced in capital Kyiv, number of regions
Emergency power outages were enforced Sunday evening in Ukraine’s capital Kyiv, as well as Zhytomyr and Cherkasy regions.
Hourly blackout schedules to be in place throughout Monday – Ukrenergo
Hourly power outage schedules will be in place throughout Monday, on September 2.
Ukraine seeks to attract U.S. investments in defense sector - Vice PM
During a working visit to the United States, First Deputy Prime Minister, Minister of Economy Yuliia Svyrydenko discussed attracting investments to Ukraine, particularly in the defense sector, with U.S. Secretary of Commerce Gina Raimondo.