Ukraine’s real GDP down by 29.1% last year - stats agency
The real gross domestic product of Ukraine over the year 2022 decreased by 29.1%.
Economy - Latest news
13 April 2023
In Donetsk region, war-related agricultural losses reach UAH 2.6B
In Donetsk region, as a result of Russia's full-scale invasion, the property of 255 private and state-owned agricultural enterprises sustained damaged, with losses reaching UAH 2.6 billion.
Ukraine to receive $3.5B from Japan in 2023 - Ministry of Finance
The Japanese government plans to provide Ukraine with USD 3.5 billion in direct budget support in 2023.
Switzerland planning to allocate $1.7B for Ukraine by 2028
The Swiss government intends to provide Ukraine with at least CHF 1.5 billion ($1.7 billion) more by 2028.
Minister Marchenko calls on partners to impose sanctions on countries that help Russia
Sanctions against the Russian Federation do not work effectively enough, so Ukraine's partners should focus on monitoring compliance with sanctions and impose them on the countries that help Russia circumvent sanctions.
PM Shmyhal: Restoration of Ukraine to become one of largest investment projects in Europe’s history
The restoration of Ukraine will be one of the largest investment projects in the history of Europe, but now the focus must be on rapid reconstruction.
Mariupol mayor presents city recovery plan in United States
In the USA, Mariupol Mayor Vadym Boychenko presented the Mariupol Reborn city recovery plan.
PM Shmyhal signs agreement with USAID to increase foreign investments in Ukraine
Prime Minister of Ukraine Denys Shmyhal has signed an agreement with the United States Agency for International Development (USAID) and the Development Finance Corporation (DFC) to promote private sector involvement and increase investment.
Court in The Hague orders Russia to pay Naftogaz $5B in compensation for losses in Crimea
The Russian Federation is obliged to pay $5 billion in compensation for the losses caused by the seizure of Naftogaz Group's assets in the Autonomous Republic of Crimea in 2014.
Britain to provide Ukraine $500M loan guarantees
British Finance Minister Jeremy Hunt said London was ready to provide Kyiv with additional loan guarantees worth $500 million, bringing the amount to $1 billion this year.
Agreements with Canada to help push Russia from global nuclear fuel market - Ukraine’s minister
The memorandum on cooperation in the uranium mining industry, signed between SE NAEC Energoatom and Canada’s CAMECO will speed up the process of displacing Russia from the nuclear fuel market.
Ukraine’s first biomethane production plant connected to gas network
In Chernihiv region, the first biomethane production plant, which will annually produce 3 million cubic meters of gas, was connected to the main gas network.
U.S. Secretary of Treasury: Washington plans to provide new grant aid to Ukraine through September
U.S. Secretary of the Treasury Janet Yellen announced Washington's plans to provide Ukraine with additional financial support and other forms of assistance through September of this year.
Shmyhal: International partners to provide $115B to Ukraine
Ukraine expects to receive at least $115 billion in long-term financial assistance from international partners.
Kherson watermelons to be harvested this year – Khlan
Gourds will be sown on Kherson region’s right bank liberated from the Russian army.
Ukraine, IMF discuss fulfillment of new lending program
Ukrainian Finance Minister Sergii Marchenko met with IMF First Deputy Managing Director Gita Gopinath as part of his visit to the United States to discuss the fulfillment by Ukraine of the terms of a new lending program.
12 April 2023
Ukraine needs at least $14.1 billion this year - PM
Ukraine's urgent need for reconstruction this year amounts to $14.1 billion to provide people with a minimum level of social and humanitarian services.
World Bank provides Ukraine with $200 million for energy recovery
The World Bank is providing Ukraine with an additional $200 million for energy recovery.
EU exploring solutions to enable frozen Russian assets to be used in reconstruction of Ukraine
The European Union and the Swedish Presidency of the Council of the European Union are working intensively to find a legal way to enable the Russian assets frozen in connection with the aggression to be used in the reconstruction of Ukraine.
Ukraine resumes electricity exports to Poland
Ukraine's energy system had a sufficient reserve of capacity as of April 12, so electricity is being exported to Moldova and, from today, to Poland.
U.S. has provided $15.5B in budget support to Ukraine since invasion – finance ministry
The United States has provided $15.5 billion in financial assistance to Ukraine since Russia's invasion of Ukraine began in February 2022.
Inflation slows faster than projected by NBU for third month in a row
Inflation has been decreasing faster than projected by the National Bank of Ukraine (NBU) for the third consecutive month, thanks to an ample food and fuel supply, better conditions in the energy sector, improved inflation expectations, and a favorable situation in the foreign exchange market's cash segment.
Ukraine's power system operates with capacity surplus
As of the morning of April 12, the power system operates with a surplus of generating capacity and supplies small amounts of electricity to Moldova and Poland.
Yermak, Urso discuss strengthening economic cooperation between Ukraine, Italy
In a video call, Head of the Office of the President of Ukraine Andriy Yermak and Italian Enterprises and Production Minister Adolfo Urso discussed the ideas for strengthening economic cooperation between the two countries.
Poland to ask EU Commission to reinstate tax on Ukrainian agricultural products
Poland, either alone or with a group of other EU countries, will apply to the European Commission to have Brussels reconsider the issue of reintroducing customs duties on Ukrainian agricultural products.
Government transfers UAH 17.5B to local budgets in March
In March 2023, local budgets received UAH 17.5 billion in transfers from the general fund of the state budget.
Gov't launches grant programs for veterans to start their business
Starting April 10, Ukraine's government is launching new grant programs for veterans to start or develop their own businesses. Grant applications must be submitted through the Diia portal.
11 April 2023
Canada's aid to Ukraine exceeds $6B
Since early last year, the Canadian government has provided Ukraine with various assistance worth over CAD 8 billion (over US$6 billion).
Ukraine to purchase nuclear fuel from Canada
Energoatom agreed with Canada’s Cameco on the purchase of nuclear fuel to be used at the Ukrainian nuclear power plants.
Ukraine, Canada expand free trade agreement
Ukraine and Canada have agreed to expand the bilateral free trade agreement.