Ukraine's trade turnover down 30% this year - State Customs Service
Ukraine's trade turnover amounted to $16.6 billion in January-February 2023, or 30% less than in the same period of 2022.
Economy - Latest news
15 March 2023
Poland ready to develop cooperation on gas production in western Ukraine – Morawiecki
Poland is ready to develop energy cooperation with Ukraine in several areas, including in gas production in western Ukraine and the creation of the Rzeszow-Khmelnytskyi NPP energy bridge.
"Yanukovych's debt": British court affirms Ukraine’s stance in $3B case
The UK Supreme Court has ruled in favor of Ukraine in a $3 billion bond loan case: the case will now go to a full trial to investigate Russian aggression.
Ukraine exports 24.4M t of agricultural products through "grain corridor"
Since the start of the "grain corridor" operation on August 1, 2022, Ukraine has exported 24.4 million tonnes of food products from the ports of Odesa region to the countries of Asia, Europe and Africa.
Energy Ministry: Ukrainian power generation works with reserve capacity
As of the morning of March 15, the Ukrainian power generation works with reserve capacity and fully meets the needs of consumers.
Lack of sanctions against Rosatom threatens Europe’s nuclear security – Head of Ukraine Mission to the EU
The lack of restrictive measures imposed by the European Union on Russia’s Rosatom poses challenges for the nuclear security of the EU.
Minister Reznikov on grain deal extension: 60 or 90 days to be a matter of discussion
Ukraine’s priority objective is to continue the operation of the ‘grain corridor’ in order to prevent hunger in the world. The duration of the agreement will be decided at the negotiating table.
Ukraine’s agricultural exports via sea ports cut by 36% over past week – UCAB
Between March 6, 2023 and March 12, 2023, a total of 654,000 tonnes of agricultural products were exported via the Odesa region’s sea ports, which is 36% lower compared to the previous week.
Finance ministry raises UAH 2.7B in state budget from sale of government bonds
On March 14, 2023, the Ukrainian Finance Ministry raised UAH 2.7 billion in the state budget from the sale of domestic government bonds.
PM Shmyhal invites Icelandic companies to invest in Ukraine’s energy sector
Prime Minister of Ukraine Denys Shmyhal has invited Icelandic companies to invest in Ukraine’s energy sector and Ukrainian economy in general.
Over 9,000 unemployed Ukrainians join ‘Army of Recovery’ project
As many as 9,081 unemployed Ukrainians have joined the "Army of Recovery" project, according to the State Employment Service.
Deposit Guarantee Fund to sell UAH 1.4B worth of banks' assets
Ukraine's Deposit Guarantee Fund is putting up for sale the assets of eight banks worth UAH 1.4 billion this week.
14 March 2023
Shmyhal: USD 17B needed to finance reconstruction projects this year
Ukraine plans to intensify the "financial Ramstein" format to determine sources of financing reconstruction projects.
PM Shmyhal: Government planning large-scale deregulation for business
The Cabinet of Ministers plans large-scale deregulation for business and will continue to cancel unnecessary permits and licenses.
Ukraine’s economy shrank by 29.2% last year
According to the estimates of the Ministry of Economy, the decline in GDP was 29.2% in 2022.
Ukraine’s power system operating without restrictions for consumers - Galushchenko
As of March 14, Ukraine's power system has enough capacity volumes to meet all consumer needs throughout the country.
Japan’s assistance for Ukraine reaches $1.6B
Japan’s government provided Ukraine with various aid worth about $1.6 billion last year.
Ukrainian farmers need about UAH 40B to carry out sowing campaign – expert’s opinion
Ukrainian agricultural producers need about UAH 40 billion to carry out the spring sowing campaign.
Banks issued UAH 1.92B under Affordable Loans program last week – Finance Ministry
Since the start of the government’s program “Affordable Loans at 5-7-9%", business entities have received loans for a total sum of UAH 181.59 billion from authorized banks, including UAH 1.92 billion worth of loans in the past week.
NBU sells $280.28M on interbank foreign exchange market in past week
The National Bank of Ukraine (NBU) sold $280.28 million on the interbank foreign exchange market over the past week.
Deputy FM discusses reconstruction of Dnipropetrovsk region with Czech delegation
Deputy Foreign Minister of Ukraine Yevhen Perebyinis discussed Czech Republic’s patronage of the restoration of Dnipropetrovsk region with the delegation of the Czech Republic headed by the Governmental Envoy for the Reconstruction of Ukraine Tomáš Kopečný.
13 March 2023
Russia’s position to extend grain deal for 60 days contradicts agreement – Minister Kubrakov
Russia’s position to extend the grain deal for 60 days only contradicts the agreement signed by the Republic of Türkiye and the United Nations.
Ambassador: Ukraine works towards extending, expanding grain agreement despite Russia’s actions
Ukraine is interested both in the extension and the expansion of the Black Sea Grain Initiative (in terms of geography and the list of export items) and takes relevant steps in this direction despite Russia's attempts to slow down the work of the grain corridor.
Government endorses draft law on increasing state budget expenditures by 537B
The Cabinet of Ministers endorsed the draft law on increasing state budget expenditures by UAH 537 billion.
State Statistics Service: Real GDP fell by 31.4% in 4th quarter
Ukraine’s real GDP in the fourth quarter of 2022 fell by 31.4% compared to the same period in 2021.
Kim: Big business will resume operation faster if Mykolayiv region joins grain corridor
Big businesses in Mykolayiv region will resume their operations faster after the region joins the grain corridor.
Ukraine plans to build 10 biomethane plants in two years
With the support of the European Investment Bank, Ukraine plans to build 5 biomethane plants by the end of the year, as well as five more next year, which will bring Ukraine closer to replacing natural gas imports.
NBU wins Central Bank of the Year award
The National Bank of Ukraine (NBU) has been recognized as the Central Bank of the Year at this year's Central Banking Awards.
Ukrainians buying fewer petrol- and diesel-powered cars - Ukrautoprom
In February 2023, Ukrainians bought fewer passenger cars with traditional engines than a year earlier.
Parimatch bookmaker suspending Ukraine operations amid sanctions
The Parimatch international bookmaker has suspended its operations in Ukraine.