Economy ministry: German businesses to be involved in Ukraine’s reconstruction
German businesses are expanding their presence in Ukraine, demonstrating investment confidence.
Economy - Latest news
04 April 2023
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.
Ukraine may produce up to 8 bcm of biomethane per year – Energy Ministry
Ukraine has significant potential for the biofuel market development and may produce up to 8 billion cubic meters of biomethane per year, according to the Ministry of Energy.
Ukraine wants IAEA mission to work at ZNPP until plant is fully liberated
Ukraine is interested in the extension of the International Atomic Energy Agency (IAEA) mission at the Zaporizhzhia Nuclear Power Plant (NPP) at least until the plant is fully liberated from the Russian invaders.
Ukraine has already exported more than 37.6M tonnes of grain and leguminous crops
For the nine months of the current marketing year (from July 1, 2022 to March 31, 2023), Ukraine exported 37,639 million tonnes of grain and leguminous crops.
Energy Ministry: Generation capacity reserves sufficient to cover domestic demand
As of March 31, Ukrainian power generation has the necessary capacity in reserve to fully meet the needs of electricity consumers throughout the country.
Gov’t eases rules for importing UAV components
The Cabinet of Ministers adopted a resolution simplifying the procedure for importing components for unmanned aerial vehicles amid martial law.
Ministry of Energy: Germany may become Ukraine’s partner in hydrogen production
Germany is considering the possibility of joint implementation of hydrogen production and transportation projects with Ukraine.
State Property Fund plans to resume large-scale privatization
The State Property Fund of Ukraine plans to put up objects of large-scale privatization for sale in the second or third quarter of 2023.
Ukraine restoration: SECI estimates potential investments at several trillion dollars
The Southeast European Cooperative Initiative (SECI) assumes that the potential investments in the restoration of Ukraine – calculated for many years ahead – may total several trillion dollars.