World Bank to provide $50M for power generators for Ukrainian grain elevators
The World Bank will allocate $50 million to provide Ukrainian grain elevators with power generators or boilers in 2023.
Economy - Latest news
04 January 2023
Sales of new passenger cars in Ukraine down 63% in 2022
In 2022, Ukrainians purchased 37,900 new cars, which is 63% less than in 2021.
03 January 2023
Taxes paid by citizens and businesses to be directed to defense and security – PM Shmyhal
Taxes paid by citizens and businesses this year will be directed to the defense and security of Ukraine.
Ukraine plans to create oil reserve for domestic market
In 2023, Ukraine intends to design a legislative framework for the reform of the State Reserve, which implies forming a minimum reserve of oil and petroleum products for the domestic market.
Ukrainian nanosatellite launched into orbit
In the USA, the PolyITAN-HP-30 nanosatellite, created for the 30th anniversary of Ukraine’s Independence by specialists of Igor Sikorsky Kyiv Polytechnic Institute, was launched into orbit.
Ukraine to direct UAH17B confiscated from Russian banks to rebuild housing stock - Shmyhal
Ukraine’s government plans to start rebuilding in the near future the country’s destroyed housing stock at the expense of funds seized from Russian banks.
Government exploring opportunities for building decentralized power system in Ukraine
The Cabinet of Ministers of Ukraine is considering the possibility of building a decentralized energy system, in particular through constructing mini-power plants and smaller generation facilities, which will become less vulnerable to Russian strikes.
Ukrainians to have access to internet for 10-12 hours after blackout - Ministry of Digital Transformation
The Ministry of Digital Transformation together with Canada’s eQualitie handed over 172 SBL batteries to internet providers in all regions of Ukraine.
Nine grain ships depart from Ukrainian ports over past weekend
Nine ships carrying 432,000 tonnes of Ukrainian agricultural products have left Ukraine's Black Sea ports over the past weekend.
Officials responsible for excessive pressure on businesses to face bigger fines - watchdog chief
The State Regulatory Service has drafted a bill proposing to increase by at least 100 times fines for officials guilty of excessive administrative pressure on businesses.
Ukraine plans to become associate member of OECD as early as 2023
The State Regulatory Service plans to do everything possible so that this year Ukraine becomes an associate member of the Organization for Economic Cooperation and Development.
02 January 2023
Ukraine expects first tranche of macro-financial assistance in Jan
Ukrainian President Volodymyr Zelensky and European Commission President Ursula von der Leyen have discussed financial support for Ukraine during a phone call, including the possibility of Ukraine receiving the first tranche of macro-financial assistance in January.
Svyrydenko: Ukraine, Brazil to remove trade barriers for promoting business development
Ukraine and Brazil are interested in expanding bilateral trade through the removal of trade barriers, promoting business development, and implementing projects within the Investment Menu.
Ukraine has already exported 16M tonnes of agricultural products within grain initiative
About 600 ships have already left Ukrainian ports and 16 million tonnes of agricultural products have been exported within the framework of grain initiative.
Portugal to support reconstruction of Ukraine – Economy Ministry
Portugal has promised to help Ukraine in the reconstruction of educational facilities and to strengthen economic and political cooperation between the states.
NBU sells more than $1.1B on interbank foreign exchange market over past week
The National Bank of Ukraine (NBU) sold $1.102 billion and bought $9.6 million on the interbank foreign exchange market over the past week.
Situation in Ukraine's power system under control - Ukrenergo
As of the morning of January 2, the situation in Ukraine's power system remains fully under control.
EU employing all available mechanisms to help Ukraine get through winter - Maasikas
The European Union is using all mechanisms and partnerships available to help Ukraine survive the winter cold.
EU stopped 90% of Russian oil supplies - Maasikas
One of the main sanctions the EU adopted was to stop 90% of Russian oil supplies to Europe by the end of 2022 and thus deprive Moscow of corresponding revenues.
Blackout in Ukraine possible only in theory – energy minister
A blackout in Ukraine is possible only in theory, because power engineers have already developed a number of solutions to ensure the stable operation of the country's power system in the face of constant attacks.
01 January 2023
Ukraine’s economy adapted to war-time conditions, ready for new challenges – PM Shmyhal
Ukraine’s economy has adapted to war-time conditions and is ready for new challenges.
31 December 2022
PM Shmyhal: Ukraine’s energy system remains stable despite recent attack
Ukraine’s energy system remains stable despite Russia’s recent missile attack. Relevant services are working to eliminate negative effects.
Russia causes over UAH 1.5T worth of damage to Ukraine's environment
The total amount of damage caused to Ukraine's environment as a result of the Russian invasion has exceeded UAH 1.5 trillion.
Putin allows “unfriendly” countries to pay for gas in foreign currency
Russia has allowed its gas exporters to accept debt payments, provided by gas buyers from "unfriendly" countries, in foreign currency.
30 December 2022
Back-up power line to ZNPP disconnected due to shelling – IAEA
A 330 kilovolt (kV) back-up power line to Ukraine’s Zaporizhzhia Nuclear Power Plant (ZNPP) was disconnected late yesterday due to damage caused by shelling,
Ukraine has provided itself with foodstuffs for 2023 – PM Shmyhal
Prime Minister Denys Shmyhal has stated that Ukraine has provided itself with foodstuffs for the next year.
Ukraine needs more than USD 700B for reconstruction – PM Shmyhal
In cooperation with the World Bank and the European Commission, the Ukrainian government has estimated the amount of funds needed for Ukraine’s reconstruction.
Government allocated over UAH 1.2T for security and defense sector since war started
The Ukrainian government has allocated more than UAH 1.2 trillion for the security and defense sector since the full-scale war started.
Ukraine receives another batch of Starlinks to be forwarded to "Invincibility Points" - PM
Ukraine has received from Poland another batch of Starlink satellite communication terminals, which will be sent to Invincibility Points set up across country to provide emergency power and heating to people in areas affected by long blackouts in the winter period.
Second batch of Ukrainian grain delivered to Somalia as part of Grain from Ukraine program
The ship Neva has delivered 25,000 tonnes of food wheat to Somalia as part of the Grain from Ukraine program.