Gov't dismisses Economic Security Bureau’s director
On April 11, Ukraine's Cabinet of Ministers decided to dismiss Vadym Melnyk from the post of Director of the Economic Security Bureau of Ukraine (ESBU).
Economy - Latest news
11 April 2023
World food prices could rise by 15% due to Russian blockade of "grain deal"
World food prices could rise by 15% due to Russia's blocking the UN-brokered "grain deal" that allows Ukraine to export grain through the Black Sea.
Rada adopts law on control over funds to support Ukraine
The Verkhovna Rada of Ukraine has adopted a bill that amends the Budget Code of Ukraine regarding the use of funds from accounts to support Ukraine.
Akhmetov files claim against Russia over assets seized in Donbas
Rinat Akhmetov has initiated arbitration proceedings against Russia and will demand compensation for the losses incurred as a result of interference with his business in temporarily occupied Donetsk and Luhansk regions in the period 2014-2017.
Ukraine’s finance minister holds meetings with IMF management
Minister of Finance Serhiy Marchenko of Ukraine held a number of meetings with representatives from the International Monetary Fund as part of his working visit to the U.S.
Ukraine planning to export more electricity to Europe this year – energy minister
Ukraine this year plans to export more electricity to Europe than in 2022.
NABU puts former head of Ukraine's State Property Fund on wanted list
The National Anti-Corruption Bureau of Ukraine (NABU) has placed on the wanted list seven individuals involved in the case of fraud with the property of Ukraine's State Property Fund, led by its former head, Dmytro Sennychenko.
NBU sells $126M on interbank market in past week
The National Bank of Ukraine (NBU) sold $126.34 million on the interbank foreign exchange market over the past week.
Ukraine may cover up to 20% of Europe’s biomethane market in future – expert’s opinion
In the future, Ukraine may cover 10-20% of Europe’s biomethane market if it continues to develop this industry.
Norway launching program to support businesses relocated to Lviv, Ternopil regions
The Norwegian Refugee Council (NRC) has launched a program providing support for the owners of businesses that have relocated from the frontline war-affected areas to the Lviv or Ternopil regions.
FAO plans to support 4,600 Ukrainian farms amid spring sowing
The United Nations Food and Agriculture Organization (FAO) plans to support 4,600 of the most vulnerable Ukrainian farms and other agricultural producers during the 2023 spring sowing campaign.
10 April 2023
Rada exempts imports of defense goods from customs duties, VAT
The Verkhovna Rada of Ukraine passed two laws temporarily exempting imports of goods from VAT and customs duties to ensure that defense needs are met more quickly. This is for the country's defense forces to respond to Russian war of aggression in an effective and timely manner.
Parliament returns remuneration of UAH 30,000 to military
The Verkhovna Rada, Ukraine’s parliament, backed the return of a remuneration of UAH 30,000 for military personnel, police officers and employees of the State Emergency Service.
Ukraine’s consumer inflation reaches 1.5% in March
Ukraine’s consumer inflation in March 2023 compared to February 2023 reached 1.5%, since the beginning of the year - 3%, compared to March 2022 - 21.3%.
NBU says forex market situation improves
The difference between hryvnia’s official and cash exchange rate to the dollar has decreased to 2-4% in recent weeks, against 28.5% reported in June 2022.
Ukrenergo holds first auction for electricity export to Moldova
NEC Ukrenergo held the first auction for the distribution of capacity of interstate power networks for the export of electricity to Moldova as of delivery day, April 11.
NACP says no need to include war-related aid in asset declarations
The National Agency on Corruption Prevention (NACP) has clarified that Ukrainians do not have to declare financial assistance received from other countries and international organizations because of the war.
Ukraine can make more than half of its energy green by 2030 – expert
By the beginning of the next decade, Ukraine can increase the share of green energy in the total energy supply to 50% and even exceed this indicator.
State Customs Service transfers over UAH 100B to state budget in Q1 2023
In the first quarter of 2023, the State Customs Service of Ukraine transferred UAH 100.9 billion to the state budget, which is UAH 16.3 billion more than in the same period last year.
09 April 2023
Ukraine plans to start large-scale demining program ASAP, PM says
Among the priorities of Ukraine’s Cabinet of Ministers is to start a large-scale program of demining the country’s territory as soon as possible.
Poland suspends Ukrainian grain imports at least until July
The Ukrainian grain imports into Poland have been suspended "at least until July".
Ukraine, U.S. working on a joint program in energy field
The energy agencies of Ukraine and the United States, together with the Net Zero World initiative, are preparing a cooperation program for the energy sector development.
08 April 2023
NBU governor leaves for Washington to attend World Bank, IMF meetings
Governor of the National Bank of Ukraine (NBU) Andriy Pyshnyy has left for Washington to participate in the annual Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group.
Market of non-banking services down by 37 actors - NBU
In March, 37 institutions were expelled from the registers of non-banking financial market players.
Russians fired over 1,200 missiles, drones at key energy facilities across Ukraine
Russian invaders have already used more than 1,200 missiles and drones to shell key energy facilities across Ukraine.
Sweden ramping up arms production capacity amid Russian war on Ukraine
The war the Russian Federation is waging against Ukraine caused a serious increase in orders for various types of weapons, which reflects on Sweden’s defense industry.
Another UAH 8M of seized Russian assets transferred to needs of Armed Forces of Ukraine
Another UAH 8 million of seized Russian assets was transferred to the needs of the Armed Forces of Ukraine.
Ukraine preparing to join EU's free roaming zone
The Cabinet of Ministers has approved a draft decision of the EU-Ukraine Association Committee in Trade Configuration, which creates conditions for Ukraine to acquire the EU internal market regime in the sphere of roaming.
Netherlands allocates EUR 40M for Ukrainian farmers to buy seeds, equipment
The Netherlands will provide EUR 180 million in aid to Ukraine, of which EUR 10 million is expected to be spent on demining efforts within agricultural lands and EUR 40 million on the purchase of seeds and equipment for Ukraine’s agricultural sector.
Ukraine to set up Trust Fund to share investors’ risks - Economy Ministry
Ukraine is in negotiations with international donors on creating and filling a target Trust Fund, which could act as a reinsurance potential in order to increase investors’ interest.