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.
Economy - Latest news
04 May 2023
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.
Naftogaz leaves gas price for population unchanged for another year
Ukraine's state-owned gas company Naftogaz has extended the "Fixed" tariff plan for another year, with a price of UAH 7.96 per cubic meter (with VAT).
Energy ministry: About $3.4B needed to make preparations for next heating season
About $3.4 billion is needed to make preparations for the next heating season, namely to restore generating facilities and purchase the required resources.
NBU sells $445M on interbank market in past week
The National Bank of Ukraine (NBU) sold $444.74 million on the interbank foreign exchange market over the past week.
30 April 2023
Reconstruction of Kharkiv estimated at about $9.5B – mayor
The reconstruction of Kharkiv city, affected by Russian strikes, is estimated at about $9.5 billion.
Ukraine, EU discuss cooperation within large-scale macro-financial assistance
Ukrainian Finance Minister Sergii Marchenko and Executive Vice-President of the European Commission Valdis Dombrovskis discussed cooperation as part of the large-scale Macro-Financial Assistance (MFA) for Ukraine for 2023.
Three new contracts signed with Baykar – Minister Kamyshin
Following the 2023 Teknofest aviation, space and technology exhibition, three new contracts have been signed between Ukraine and Türkiye’s Baykar, the manufacturer of the Bayraktar unmanned combat aerial vehicles.
Government approves mutual access to Ukraine, EU public procurement markets – Shmyhal
The Cabinet of Ministers has endorsed a decision of the EU-Ukraine Association Committee and the Association Council on mutual access to each other's public procurement markets.
29 April 2023
Ministry of Energy: Ukraine will have to increase electricity tariffs
Ukraine will have to make the decision to increase electricity tariffs, otherwise the country's power system will not be able to prepare for the next winter.