Naftogaz debt restructuring on Eurobonds should be completed by late July - CEO
NJSC Naftogaz has reached agreements on ways to restructure Eurobonds maturing in 2022/2026. The process should be completed by the end of July 2023.
Economy - Latest news
31 May 2023
Ukraine plans to attract foreign investment in elevators construction on EU border
Draft law No. 8025 will help attract foreign investment in the development of land corridors for the export of Ukrainian agricultural products. This will help maintain global food security, particularly in the context of the grain corridor's unstable operation.
Hungary asks EU to extend restrictions on imports of agricultural products from Ukraine until 2024
State Secretary of the Ministry of Agriculture Zsolt Feldman stated that Hungary asked the European Union to extend restrictions on imports of Ukrainian grains and oilseeds for five Eastern European countries until at least the end of 2023.
Ukraine exports 45.29M t of grains, pulses
In the current marketing year (MY) (from July 1, 2022, to May 31, 2023), Ukraine exported 45.29 million tonnes of grains and legumes.
Over 6,000 auctions held via Prozorro.Sale since year-start
Since the start of 2023, 6,100 successful auctions have been held through the ProZorro.Sale auction system.
Ukraine, Japan exploring new areas of cooperation in agriculture
The Ministry of Agrarian Policy and Food is exploring opportunities for expanding cooperation in the agricultural sector with Japan, in particular by attracting support in demining territories and providing farmers with agricultural machinery.
30 May 2023
Kyiv stands against EU ban on Ukraine’s grain, calls for market solutions
The Ukrainian side considers as wrong the EU's decision to introduce a ban on the import of Ukrainian agricultural products to the five EU countries neighboring Ukraine and suggests looking for market solutions to the existing issue.
IMF upgrades forecast for Ukraine's GDP growth in 2023 to 1-3%
The IMF mission has confirmed expectations of a stronger economic recovery in Ukraine and upgraded the forecast for Ukraine's GDP growth to a range of 1-3% amid war-related uncertainty.
Ukraine is ready to become major regional hub for British BAE Systems - Zelensky
President Volodymyr Zelensky discussed with the management of the British company BAE Systems the possibility of localizing the production and repair of the company's products in Ukraine.
Ukraine, IMF reach staff-level agreement on 1st review of EFF program
International Monetary Fund (IMF) experts and the Ukrainian authorities have reached a staff-level agreement on an updated package of economic and financial policy measures for the first review of the four-year Extended Fund Facility (EFF) program.
Government launching compensation for destroyed housing - Shmyhal
The Cabinet of Ministers is launching the second stage of e-Recovery program - compensation for destroyed housing.
Sumy region needs help to restore homes, especially in border communities
The Sumy region needs humanitarian assistance to restore housing, especially in the border communities that are constantly under fire.
Chernyshov: Ukraine could become significant exporter of gas to EU by 2027
Oleksiy Chernyshov, CEO of Naftogaz of Ukraine, predicts that Ukraine will be able to increase gas production enough to become a significant exporter of gas to the European Union by 2027.
29 May 2023
Chernyshov: Ukraine will be able to get through next heating season without gas imports
Oleksiy Chernyshov, CEO of Naftogaz of Ukraine, believes that Ukraine will be able to get through the 2023-2024 heating season without importing gas.
Denmark increases financing of Ukraine fund by $2.6B – Zelensky
President of Ukraine Volodymyr Zelensky has thanked the Parliament and Government of Denmark for the decision to increase the financing of the special investment fund for Ukraine by $2.6 billion.
28 May 2023
Zelensky proposes imposing sanctions on Iran for 50 years
Ukrainian President Volodymyr Zelensky has tabled in the Verkhovna Rada a draft resolution approving the decision of the National Security and Defense Council (NSDC) on the introduction of sanctions against Iran.
Ambassador Korsunskyi: Japan preparing for Ukraine restoration conference
The Ukrainian and Japanese governments discuss holding the second round of an international Ukraine restoration conference in Japan.
Reconstruction works start for houses destroyed by Russian attacks in Kyiv region’s Irpin
In the Kyiv region’s Irpin, near the Irpinsky Lypky residential complex, renovation works have started for the detached houses damaged or destroyed by Russian attacks.
27 May 2023
Denmark sets up $133M investment fund for Ukraine
Denmark has launched a special investment fund for Ukraine for a total of DKK 1 billion (about $133 million).
26 May 2023
Ukraine, EU discuss state of Ukrainian industry in wartime conditions
Representatives of Ukraine and the European Union have discussed the problematic issues of the Ukrainian mining industry and the possibilities of attracting EU investments.
Ministry of Infrastructure reports monthly on receipts and expenditures for reconstruction
The Cabinet of Ministers has ordered the administrators and the Ministry of Infrastructure to publish monthly reports on the receipt and expenditure of funds used to restore the country on their websites.
Ukraine setting up underground oil, gas storages
The Cabinet of Ministers has approved the list of underground storage facilities for oil, gas, and other substances and materials.
Solskyi discusses export of Ukrainian agricultural products with Slovenian Minister
The Minister of Agrarian Policy and Food of Ukraine Mykola Solskyi discussed the export of Ukrainian agricultural products with the Minister of Agriculture, Forestry and Food of the Republic of Slovenia Irena Šinko.
Mykolaiv receives special vehicles to inspect damaged buildings
United Nations Development Programme has provided Mykolaiv with specialised vehicles to inspect damaged facilities as a result of hostilities or terrorist attacks.
Ukraine exports over 44.7M t of grains, pulses
In the current marketing year (MY) (from July 1, 2022, to May 26, 2023), Ukraine exported 44.796 million tonnes of grains and pulses.
25 May 2023
Power system is currently experiencing a certain shortage - Ukrenergo
NPC Ukrenergo is taking measures to prevent power outages, as there is a certain shortage in the power system.
Parl’t Speaker hopes restrictions on Ukraine’s agri-exports to neighboring EU states to be lifted June 5
The Chairman of the Verkhovna Rada of Ukraine, Ruslan Stefanchuk, expressed hope that the EU would not extend the restrictions on the import of wheat, corn, rapeseed, and sunflower seeds to the five EU member states neighboring Ukraine, which will last until June 5.
NACP adds Mondelez International to list of international war sponsors
Ukrainian National Agency on Corruption Prevention (NACP) has added Mondelez International, an American multinational confectionery, food and beverage company, to the list of international sponsors of war.
EU extends tariff-free trade with Ukraine for a year
On Thursday, the EU Council approved a regulation to extend the tariff-free trade regime between the EU and Ukraine for the next year.
About 4M t of grain illegally exported from Ukraine since Russia's invasion – UGA
Ukrainian Grain Association (UGA) estimates that about 4 million tonnes of grain have been stolen from Ukraine since the start of Russia's full-scale invasion.