Wheat for Yemen: Sixth vessel leaving port under Grain from Ukraine program
The Negmar Cicek departs from the port of Chornomorsk. It will deliver 30,000 tonnes of wheat to Yemen as part of humanitarian aid.
Economy - Latest news
24 March 2023
Zelensky meets with World Bank delegation
President of Ukraine Volodymyr Zelensky has held a meeting with the World Bank delegation led by Vice President for Europe and Central Asia Anna Bjerde.
Ukraine receives about 6,000 tonnes of energy equipment from international partners
The Ministry of Energy distributed 6,000 tonnes of equipment provided by international partners as humanitarian aid among 111 energy sector enterprises.
Kubrakov outlines priority areas of Ukraine’s recovery
Ukraine's reconstruction needs are estimated at $411 billion, and the priority areas will be critical infrastructure, housing, and important social and transport facilities.
Ukraine plans to cooperate with Baltic states in oil and gas sector, electricity
Ukraine seeks to cooperate with the Baltic states in the oil and gas sector and electricity, in particular, in the implementation of programs on decentralization of the energy system and the development of bioenergy and cogeneration projects.
Ukrainian farmers adapt to war conditions – Vysotskyi
The Ukrainian agricultural sector continues to operate and even develop under martial law.
Sweden to consider war risk insurance for investors in Ukraine
Sweden will consider war risk insurance for investors in Ukraine.
Naftogaz launches two new productive wells
In March, specialists of NJSC Naftogaz of Ukraine launched two new wells with a capacity of 300-400 thousand cubic meters per day.
DTEK preparing mines to provide TPPs with coal next winter
DTEK Energy has put into service six new longwalls since the beginning of 2023 in order to provide Ukrainian thermal power plants (TPPs) with coal next winter.
Ukraine’s infrastructure suffered losses worth $143.8M due to Russian armed aggression – KSE
The total amount of losses suffered by Ukraine’s infrastructure due to the Russian full-scale invasion has already reached $143.8 billion.
Nemchinov discusses Ukraine’s restoration with Latvian government members
Minister of the Cabinet of Ministers of Ukraine Oleh Nemchinov discussed the issue of Ukraine’s restoration at a meeting with Minister for Transport of the Republic of Latvia Jānis Vitenbergs.
23 March 2023
MFA denies that there are additional conditions in ‘grain agreement’
As part of the grain agreement, Ukraine has and fulfills its obligations to the UN and Türkiye, with which it declared that it would retain the right to supply Ukrainian grain for another 120 days. The agreement does not mention any additional conditions apart from grain supplies by sea.
PM Shmyhal: Ukraine’s reconstruction needs at $411B do not include damage in occupied areas
Ukraine’s reconstruction needs are now running at $411 billion, but this sum does not currently include the damage caused to infrastructure, housing stock and businesses in the temporarily occupied areas.
Raiffeisen Bank International listed among sponsors of war – NACP Ukraine
The National Agency on Corruption Prevention of Ukraine (NACP) has added the Austrian banking group, Raiffeisen Bank International, to the list of international sponsors of war.
Shmyhal, World Bank vice president discuss projects to support Ukraine
Prime Minister of Ukraine Denys Shmyhal and World Bank Vice President Anna Bjerde have discussed the implementation of joint projects in support of Ukraine.
Yermak advocates developing tax reform draft that would make Ukraine competitive
After defeating the Russian aggressor on the battlefield, the reconstruction of the country will be one of the key tasks. For this, it is necessary to create a favorable tax environment.
Coal industry in Donetsk, Luhansk regions suffers losses worth over $300M
Coal mines are unable to fully operate in the Donetsk and Luhansk regions due to Russian armed aggression. The losses from interrupted coal mining operations in these regions are likely to exceed $300 million.
Law on Energoatom’s corporatization comes into force on Mar 23
On March 23, 2022, the Law of Ukraine on the corporatization of Energoatom National Nuclear Energy Generating Company is coming into force.
Ukraine, Moldova to launch joint border control at Serpneve-1 – Basarabeasca checkpoint
The heads of the Ukrainian and Moldovan border and customs agencies have signed a protocol on the organization of joint control at the Serpneve-1 – Basarabeasca railway checkpoint.
Backup power line at Zaporizhzhia NPP remains disconnected - IAEA
Director General Rafael Mariano Grossi of the International Atomic Energy Agency (IAEA) has expressed concern that the last remaining back up 330 kilovolt (kV) power line at the Zaporizhzhia Nuclear Power Plant (ZNPP), damaged three weeks ago, remains under repair.
Norwegian Refugee Council to provide financial assistance to relocated businesses
The Ukrainian Economy Ministry has signed a memorandum of understanding with the Norwegian Refugee Council regarding the provision of financial assistance to relocated enterprises.
Ukrhydroenergo suffers losses of almost UAH 40B due to Russian missiles attacks
Losses of PJSC Ukrhydroenergo, Ukraine's main hydropower generating company, as a result of Russian missile attacks, have reached almost UAH 40 billion.
22 March 2023
Ambassador: Germany seeks joint energy projects with Ukraine
Germany sees Ukraine as a promising partner in the energy sector.
ArcelorMittal Kryvyi Rih ecocide case closed - business ombudsman
A criminal proceeding launched in 2019 against officials with ArcelorMittal Kryvyi Rih over the alleged environmental pollution has been closed.
New restructuring scenario: Naftogaz expects constructive stand from Eurobond holders
Naftogaz expects constructive stand from Eurobond holders over the restructuring scenario proposed earlier.
Ambassador: German economy can meet Ukraine’s defense needs
German economy can respond to Ukraine's defense needs as expected.
Finance Ministry: IMF’s Extended Fund Facility Arrangement approved for four years
The representatives of IMF and Ukraine’s authorities reached a staff-level agreement on a $15.6 billion 48-month Extended Fund Facility (EFF) Arrangement.
Ukraine exports over 35.8M t of grain, leguminous crops
In 2022/2023 marketing year (MY), Ukraine exported 35.810 million tonnes of grain and leguminous crops. In March, the country exported 3.513 million tonnes of these crops.
Ukraine, IMF agree on new $15.6B program
The International Monetary Fund (IMF) staff and Ukrainian authorities have reached a staff level agreement on a new $15.6 billion Extended Fund Facility (EFF) Arrangement for Ukraine.
Ukraine's finance ministry raises UAH 5.6B from govt bond sale
On March 21, 2023, the Ukrainian Finance Ministry raised UAH 5.6 billion to the state budget from the sale of domestic government loan bonds.