Western Allies to plan assistance to Ukraine for a longer period of time
Since the beginning of the year, Ukraine has received fewer new promises, with some exceptions, to supply arms, but the commitments become more long-term.
Economy - Latest news
05 April 2023
Ukraine’s sugar exports grow almost fivefold - Ukrtsukor
In the current marketing year (September 1, 2022 to March 28, 2023), Ukraine exported 265,000 tonnes of sugar, which is 4.8 times more than in the previous marketing year.
Ukraine has already received €15M from donor countries to restore Chornobyl zone
Ukraine has received EUR 15 million from donors for the reconstruction of the Chornobyl zone, and a total of EUR 225 million is expected to arrive from international partners.
04 April 2023
Almost 1,900 Ukrainian settlements need reconstruction – Head of State
Almost 1,900 Ukrainian cities and villages need reconstruction due to Russian armed aggression.
Ukraine will spend IMF funds on social benefits, pensions, salaries - PM
Ukraine will use IMF funds to finance priority expenditures, including pensions, social benefits and salaries for teachers and doctors.
U.S., EU support Ukraine's, Moldova's transition to clean energy
The U.S.-EU Energy Council intends to continue to support Ukraine and Moldova by assisting with their long-term economic and clean energy transition.
NACP: 24,000 individuals, entities already on list of sponsors of war
Twenty-four thousand individuals and legal entities have already been put on the list of sponsors and those involved in the war unleashed by Russia.
German business ready to expand presence on Ukrainian market – PM Shmyhal
Prime Minister of Ukraine Denys Shmyhal and Germany’s Vice Chancellor, Minister for Economic Affairs and Climate Protection of the Federal Republic of Germany Robert Habeck, representatives of German companies have discussed the mechanisms for expanding production and the presence of German businesses in Ukraine.
Economy ministry: German businesses to be involved in Ukraine’s reconstruction
German businesses are expanding their presence in Ukraine, demonstrating investment confidence.
Over 350 special subsurface management licenses sold in Ukraine via online auctions
In less than three years, the Ukrainian State Service for Geology and Mineral Resources sold 352 special licenses for subsurface management operations, totaling UAH 3.8 billion, via electronic auctions.
Ukraine to strengthen cooperation with neighbors in gas transportation
Ukraine seeks to strengthen cooperation with Poland, Slovakia, Romania, and Moldova in the field of transportation of natural and decarbonized gases.
Ukrgasvydobuvannya puts into service highest-capacity gas well in past 2.5 years
Ukrgasvydobuvannya JSC, which is part of Naftogaz Group, has drilled an exploration well with a daily production rate exceeding 460,000 cubic meters.
03 April 2023
Ukraine gets first IMF tranche worth $2.7B
The International Monetary Fund issued Ukraine the first US$2.7 billion tranche under a new Extended Fund Facility.
S&P upgrades Ukrzaliznytsia’s rating to highest-possible level amid martial law
The international credit rating agency, S&P Global Ratings, has upgraded the rating of Ukrzaliznytsia JSC to CCC+.
Ukraine, Slovakia extend increased firm capacity for gas imports
Gas Transmission System Operator of Ukraine LLC (GTSOU) and Slovakia’s Eustream have agreed to extend the validity period of the increased firm capacity for gas imports until September 30, 2023.
Ukrenergo CEO outlines four components of preparations for next winter
Four key components are needed to prepare Ukraine’s energy system for the next winter period and possible terrorist attacks from Russia.
02 April 2023
Digital Transformation Ministry plans to involve Apple in post-war national census
The Ukrainian Digital Transformation Ministry is planning to contribute to conducting the post-war national census and use the data from registers to simplify the procedure.
Ukraine planning to become European hub for renewable energy development
Ukraine is planning to become a European hub for the development of renewable energy, especially solar and wind generation, as well as hydrogen technologies and bioenergy.
First Swiss tram Tram 2000 delivered to Vinnytsia
The first Swiss tram Tram 2000 has already been delivered to Vinnytsia.
Ukraine, Poland agree to build new border checkpoint
The representatives of Ukraine and Poland have agreed to build a new border checkpoint, Adamchuky-Zbereże.
01 April 2023
State Property Fund raises over UAH 627M from privatization in March
In March, the State Property Fund held 53 privatization auctions and raised over UAH 627 million.
Zelensky introduces sanctions against more than 650 individuals, legal entities
The sanctions list in Ukraine has been replenished with more than 650 individuals and legal entities that work for Russian aggression, including Russian officials, companies of the military and industrial complex, as well as collaborators.
Law on e-residency comes into force in Ukraine
The law on e-residency has come into effect in Ukraine, allowing foreign IT specialists to become entrepreneurs in Ukraine and pay taxes online.
Ukraine’s nominal GDP may reach UAH 10.5T in 2027 – IMF
Ukraine’s nominal gross domestic product (GDP) may reach UAH 10.5 trillion in 2027.
Zelensky approves NSDC sanctions against individuals, legal entities from Russia, Iran
Ukrainian President Volodymyr Zelensky has enacted a decision of the National Security and Defense Council of Ukraine (NSDC) to impose sanctions on a number of individuals and legal entities.
PM Shmyhal: New IMF program to help maintain macrofinancial stability of Ukraine
The new Extended Fund Facility (EFF) arrangement for Ukraine, which has been approved by the International Monetary Fund (IMF) Executive Board, will help the Ukrainian government to finance all critical expenditures and maintain the country’s macrofinancial stability.
422 non-bank financial institutions leave market in 2022
In 2022, the number of non-bank financial institutions in Ukraine decreased by 422, mainly due some finance companies and credit unions exiting the market.
Ukraine drafting strategy for aviation infrastructure development
The Ministry of Communities, Territories and Infrastructure Development of Ukraine is already drafting a strategy for the development of aviation infrastructure.
Germany has sent more than 420 tonnes of energy equipment to Ukraine
Ukraine has received energy equipment with a total weight of 423 tonnes from German partners.
31 March 2023
IMF approves $15.6B financing program for Ukraine
The Executive Board of the International Monetary Fund (IMF) at its meeting on Friday approved a new $15.6 billion Extended Fund Facility (EFF) arrangement for Ukraine.