Ukraine exports over 42.4M t of grains, pulses
In the current marketing year (MY) (from July 1, 2022, to May 5, 2023), Ukraine exported 42.477 million tonnes of grains and legumes.
Economy - Latest news
05 May 2023
Solskyi discusses export and transit of Ukrainian agricultural products with Bulgarian colleague
Minister of Agrarian Policy and Food of Ukraine Mykola Solskyi met Minister of Agriculture of Bulgaria Yavor Gechev in Sofia.
NBU: Budget deficit to exceed 26% of GDP in 2023
The National Bank of Ukraine (NBU) projects an expansion of the budget deficit to 26% of GDP by the end of the year with a gradual narrowing in the future.
NBU expects inflation to decline significantly in H1 2023
A sharp decrease in inflation is expected in Ukraine as early as in the first half of 2023.
Cash in circulation in banks grows 22.6% in Q1 - NBU
In January-March 2023, compared to the same period last year, the amount of cash in Ukrainian banks increased by 22.6%; cash withdrawals – by 3.7%.
Restoration of Ukrainian agricultural sector: Ministry of Agrarian Policy hopes for cooperation with Utah state
The Ministry of Agrarian Policy and Food of Ukraine will cooperate with the state of Utah (USA) to restore the domestic agricultural sector.
04 May 2023
Moscow will make grave mistake if it does not extend grain deal – Italy's foreign minister
Moscow will make a grave mistake if it does not extend the Black Sea Grain Initiative, because this grain deal concerns the population of Africa and affects the weakest nations.
Court seizes oligarch Novinsky's 'hidden' assets worth over UAH 10.5B
More than UAH 10.5 billion worth of new assets of pro-Russian oligarch Vadim Novinsky, who is involved in aiding the aggressor country, have been seized according to materials from Ukraine's SBU State Security Service.
Russian invaders "nationalized", put up for sale 700 enterprises in Crimea
Russian invaders "nationalized" and put up for sale 700 enterprises in the temporarily occupied Ukraine’s Crimea.
03 May 2023
Zelensky on "grain deal": Türkiye president, UN chief should talk with Russia
President Volodymyr Zelensky of Ukraine says he does not see Russia's interest in extending the Black Sea Grain Initiative.
Ukraine, EU agree to extend "economic visa-free regime" for another year - Shmyhal
Ukraine and the European Union reach an agreement to extend the "economic visa-free regime" for another year.
Solskyi discusses with Romanian counterpart transit of Ukrainian agricultural products
Minister of Agrarian Policy and Food of Ukraine Mykola Solskyi met with Minister of Agriculture and Rural Development of Romania Petre Daea in Bucharest.
Shmyhal, Portuguese parliament head discuss recovery of Ukraine
Prime Minister of Ukraine Denys Shmyhal at a meeting in Kyiv with the delegation of the Assembly of Portugal led by Parliament’s President Augusto Santos Silva discussed support for Ukraine and assistance in its recovery.
Over 250M people face food crisis - UN
In 2022, more than 250 million people in the world faced severe hunger amid an escalating global food crisis.
Power outages in 6 regions due to Russian shelling - Ministry of Energy
As of May 3, the power grid is working steadily, but some consumers in six regions remain without power due to Russian shelling.
Government launching corporatization of Energoatom
The Cabinet of Ministers has decided to start the procedure for corporatization of State Enterprise National Nuclear Energy Generating Company Energoatom.
02 May 2023
European Commission bans certain agri-imports from Ukraine
The European Commission has adopted “exceptional and temporary preventive measures” on limited imports from Ukraine as regards five EU member states bordering Ukraine.
Ukraine terminates agreement on trade, economic, technical cooperation with Syria
On May 2, 2023, the Verkhovna Rada of Ukraine adopted a law terminating the agreement between the Government of Ukraine and the Government of the Syrian Arab Republic on trade, economic, and technical cooperation.
eQueue launches at 16 checkpoints in western Ukraine - Shmyhal
The government launches the electronic border crossing system eCherha (lit. eQueue) at 16 checkpoints in the western direction. It has been successfully tested at two checkpoints.
Ukraine launches modernized power line with Poland
Ukraine and Poland have launched an interstate power line, which has already passed a three-day test period.
Entire world benefits from Ukraine’s ability to ship food under Grain Deal – US Department of State
The whole world has benefited from Ukraine’s ability to ship grain and food products via the Black Sea under the Grain Deal.
01 May 2023
IMF set to run frequent reviews of EFF for Ukraine
The International Monetary Fund has scheduled frequent reviews of the Enhanced Financing Program for Ukraine (EFF): one in the summer and one in the fall.
Ukraine’s fiscal service implements tax plan by 107%
In April, the State Tax Service exceeded by 7% the plan of receipts to the state budget.
Restoring bonuses to Ukraine’s military may increase budget burden - IMF
The return of additional payments to the military, which was supported by the Verkhovna Rada of Ukraine in April, may lead to an increase in the Ukrainian budget deficit in 2023.
Sanctions pressure on Russia must be constantly increased - Ukraine’s finance minister
Sanctions pressure on the Russian Federation should be steadily intensified, according to Ukraine’s Minister of Finance Serhiy Marchenko.
Ministry of Reconstruction launches anonymous survey to identify areas of corruption
The Ministry of Communities, Territories and Infrastructure Development has launched an anonymous survey to identify the most vulnerable areas of its activities to corruption
NBU: Business improves its activity expectations
The business activity expectations index (BAEI) in Ukraine continues to demonstrate positive dynamics due to improvement in the situation in the energy sector, increase in supply of food and fuel, better inflation and exchange rate expectations, and stronger consumer confidence of households.
Another rotation of IAEA mission at Zaporizhzhia NPP takes place
Another staff rotation of the permanent monitoring mission of the International Atomic Energy Agency (IAEA) took place at the Zaporizhzhia nuclear power plant (NPP).
Ukraine’s grain, legume exports almost at 41.6M tonnes since MY start
Over the 10 months of the current marketing year (from July 1, 2022 to April 30, 2023), Ukraine exported 41.595 million tonnes of cereals and legumes.
Ukraine calls on global community to accelerate seizure of Russian assets
Ukraine has called on the global community to focus on strengthening the implementation of sanctions against Russia and accelerate the development of mechanisms to confiscate Russian assets and direct them to Ukraine’s reconstruction efforts.