By year-end, Ukraine’s central bank may lower key rate to 21%
Most of the members of the Monetary Policy Committee believe that the National Bank can reduce the key rate to 21% from the current 25% by the end of this year.
Economy - Latest news
08 May 2023
Russia blocks grain corridor again
Russia has refused to register and inspect ships sailing through the grain corridor to enter Ukrainian seaports.
Partners provide Ukraine with UAH 495B to cover priority expenditures over 2022
In 2022, foreign partners provided Ukraine with UAH 495 billion as part of the World Bank project Public Expenditures for Administrative Capacity Endurance (PEACE) in Ukraine.
Trade Representative: Ukraine preparing to ban imports from Moldova
In response to the restrictions imposed by Moldova on Ukrainian agricultural exports, the Government is preparing a resolution banning Moldovan imports.
07 May 2023
“Solution” found to unblock truck crossing at Ukraine-Poland border - infrastructure ministry
Oleksandr Kubrakov, the Deputy Prime Minister for the Reconstruction, Minister of Community Development, Territories, and Infrastructure, said a solution had been found to unblock the Yahodyn-Dorohusk checkpoint.
Government disburses additional UAH 3.1B for communities of frontline regions
The Cabinet of Ministers of Ukraine disbursed an additional UAH 3.1 billion for the communities of Donetsk, Luhansk, Kherson, and Zaporizhzhia regions.
Solskyi disagrees with Moldova's decision to limit import of Ukrainian agricultural products
During a working visit to Chișinău, Minister of Agrarian Policy and Food of Ukraine Mykola Solskyi expressed disagreement with Moldova's decision to limit the import of grain and oil crops from Ukraine.
DTEK’s TPPs generated about 4.5B kWh of electricity since early 2023
DTEK’s thermal power plants (TPPs) have generated about 4.5 billion kilowatt-hours of electricity since early 2023.
U.S. companies interested in investing in reconstruction of Kharkiv's energy infrastructure - mayor
American companies have expressed interest in investing in the reconstruction of Kharkiv's energy infrastructure.
Ukraine’s employment rate on rise
The number of employed Ukrainians increased by 8% compared to April 2022.
06 May 2023
Zelensky meets with delegation of American state of Utah
Ukrainian President Volodymyr Zelensky has held a meeting with the delegation of the American state of Utah, led by President of the State Senate Stuart Adams. The delegation also included representatives of business and charitable organizations.
Ukraine shows interest in Utah’s experience of solar energy development
Ukraine is interested in the experience of the U.S. state of Utah regarding the development of solar power generation and the enhanced flexibility of the energy system.
Energoatom refutes Russia’s claims of all power units shut down at Zaporizhzhia NPP
The statements by pro-Russian propagandist resources about the shutdown of all power units at Zaporizhzhia Nuclear Power Plant (NPP) are false. There have been no changes in the plant’s performance.
Shmyhal, Sunak discuss preparations for Ukraine Recovery Conference
Prime Minister of Ukraine Denys Shmyhal and British Prime Minister Rishi Sunak discussed preparations for Ukraine Recovery Conference which will be held in London this year.
Checkpoint blocking on Poland’s border with Ukraine of “political” nature - Ambassador Zvarych
The ongoing blocking of Ukrainian truck carriers from crossing the Polish border checkpoint Dorohusk is politically motivated as there is no practical reasoning behind it, while any “misunderstandings” should be resolved through dialogue, not a blockade.
Cabinet of Ministers invites Bahrain to join post-war reconstruction of Ukraine
The Cabinet of Ministers has invited Bahrain to take part in the post-war reconstruction of Ukraine and offered Bahraini business representatives to invest in the Ukrainian economy and implement joint projects.
Unemployment rate will fall to 18.3% by year-end - NBU
The unemployment rate in Ukraine will decrease to 18.3% by the end of 2023, but it will exceed the pre-war level.
Not enough water resources in Ukraine to build nine nuclear reactors – expert
Due to climate change, Ukraine may not have enough water resources to build nine more nuclear reactors.
05 May 2023
Zelensky discusses investments and Ukraine’s restoration with BlackRock management
President Volodymyr Zelensky discussed the details of the creation of an investment fund for the restoration of Ukraine with the management of the BlackRock company.
Shmyhal discusses priorities of Ukraine's restoration with Cleverly
In London, Prime Minister Denys Shmyhal discussed specific priorities for the restoration of Ukraine with UK Secretary of State for Foreign, Commonwealth and Development Affairs James Cleverly.
Government allocating additional UAH 3.1 billion to regions and communities – Shmyhal
The Cabinet of Ministers of Ukraine is allocating additional UAH 3.1 billion to regions and communities.
Moldova intends to restrict imports of Ukrainian agricultural products
Moldova plans to introduce temporary restrictions on imports of grains and oilseeds from Ukraine.
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.
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.