Norway allocating NOK 1B to repair Ukraine’s damaged infrastructure
The Government of Norway has signed an agreement with the World Bank to provide NOK 1 billion for the restoration of Ukraine infrastructure damaged in Russian missile attacks.
Economy - Latest news
09 December 2022
Ukraine’s GDP decline slows down to 30.8% in 3rd quarter
Ukraine’s real GDP in the 3rd quarter of this year decreased by 30.8% compared to the third quarter of 2021 and increased by 9% compared to the 2nd quarter of 2022.
Minister Marchenko: Now is not the time to postpone any support to Ukraine
Ukraine is currently trying to protect the democracy of the entire civilized world, so support for Ukraine cannot be considered charity.
Grain from Ukraine: Third vessel with Ukrainian wheat leaves port of Odesa
The third ship with 25,000 tonnes of Ukrainian wheat for Somalia left the port of Odesa on December 9 as part of the Grain from Ukraine humanitarian food initiative.
Russia deliberately slowing work of ‘grain corridor,’ vessels waiting in line for 3-5 weeks - Zelensky
Russia is deliberately slowing the work of the “grain corridor,” with ships waiting in line for three to five weeks and several million tonnes of Ukrainian agricultural products not exported every month.
Slovakia hands over 119 gasoline generators to Ukrainian rescuers
Ukrainian rescuers received 119 gasoline generators of various capacities from the Ministry of Interior of the Slovak Republic through the EU Civil Protection Mechanism.
08 December 2022
Shmyhal discusses with Slovak officials energy equipment for Ukraine
Prime Minister of Ukraine Denys Shmyhal discussed current needs of Ukraine’s energy sector with Slovakia’s government officials – Minister of Foreign Affairs Rastislav Káčer, Minister of Defense Jaroslav Naď and Minister of Economy Karel Hirman.
Kuleba about safety zone around ZNPP: Moving step by step together with IAEA
Ukraine is moving step by step together with the International Atomic Energy Agency (IAEA) to establish a safety zone around the Zaporizhzhia nuclear power plant.
Electricity shortages will increase inflationary pressure – NBU governor
According to estimates of the National Bank, electricity shortages will increase inflationary pressure by 1-2 percentage points in 2023.
International assistance to Ukraine will exceed $31B by year-end - NBU
According to forecasts of the National Bank of Ukraine (NBU), the amount of international aid to Ukraine will exceed $31 billion by the end of the year.
NBU leaves key policy rate at 25%
The National Bank of Ukraine decided to leave its key policy rate unchanged at 25%.
Ukraine has already imposed sanctions on 4,500 Russians
For the 100 days of activity of the Interagency Working Group (IWG) on the implementation of the sanctions policy, sanctions were imposed on almost 4,500 individuals and legal entities.
‘Grain corridor’: Three more ships leave Ukrainian ports
On Thursday, December 8, three ships carrying 78,600 tonnes of agricultural products left the sea ports of Odesa region bound for Africa and Asia.
07 December 2022
OECD Working Group on Bribery green-lights Ukraine’s membership
The Organisation for Economic Co-operation and Development (OECD) Working Group on Bribery in International Business Transactions has voted in favor of Ukraine’s membership in the Group.
Turkish company ready to supply electricity to Ukraine with floating power plants
Turkey’s Karpowership is planning to supply electricity to Ukraine via Moldova and Romania by placing its floating power plants there.
Four grain ships depart from Ukrainian ports
Four vessels carrying 149,300 tonnes of agricultural products for countries in Asia and Europe departed from Ukraine’s Black Sea ports on Wednesday, December 7.
Parliament regularly submits amendments to state budget to finance Defense Ministry – Maliar
The Verkhovna Rada, Ukraine’s parliament, has regularly submitted amendments to the state budget to finance the Ministry of Defense over the past nine months of the war.
Ukraine is reaching out to former Soviet states for help with energy equipment - CNN
Ukraine is working with international partners, including former Soviet states, to help restore its energy sector after several waves of Russian missile attacks against critical infrastructure over the last several weeks.
06 December 2022
Norway to contribute EUR 14.5M to EUMAM Ukraine
The European Union and Norway have signed an agreement for Norway’s voluntary financial contribution of EUR 14.5 million to the EU Military Assistance Mission in support of Ukraine (EUMAM Ukraine).
EU includes targeted actions to support Ukraine in Horizon Europe programme
The European Commission has adopted today the main Horizon Europe work programme 2023-24, with around EUR 13.5 billion to support researchers and innovators in Europe to pursue breakthrough solutions for environmental, energy, digital and geopolitical challenges. This funding will also address targeted actions to support Ukraine.
EUR 18B in aid for Ukraine: EU Council approves only one of three documents
The Council of the European Union has failed to adopt a complete package of three documents needed to provide Ukraine with EUR 18 billion in macro-financial assistance in 2023.
Kuleba reproaches India for buying Russian oil
Ukrainian Foreign Minister Dmytro Kuleba has called on India to expand its support to Ukraine and recalled that the Russians are using profits from the sale of oil to finance their war against Ukraine.
Ukraine's international reserves grow to nearly $28B - NBU
Ukraine's international reserves increased by 10.7% in November 2022 and amounted to $27.95 billion as of December 1.
PM Shmyhal: Ukraine expects to counter $38B budget deficit with support from partners
Ukraine expects that the budget deficit will be countered next year thanks to the support provided by international partners.
Ukraine exports $21B worth of agricultural products in Jan-Nov 2022 - Economy Ministry
In January to November 2022, Ukraine exported 50.9 million tonnes of agricultural and food products for a total sum of $21.1 billion.
05 December 2022
Almost half of Kyiv region will have no electricity in coming days - region’s administration
Works on eliminating the consequences of Russian missile attacks are underway in Kyiv region. NEC Ukrenergo power grid operator has introduced additional emergency shutdowns. Therefore, schedules of hourly power outages are currently not in effect in the region.
Ambassador Brink: US to help Ukraine protect and repair civilian infrastructure
The U.S. will provide Ukraine with air defense and energy assistance to help protect and repair civilian infrastructure.
04 December 2022
Up to EUR600B needed to rebuild Ukraine - World Bank
The post-war reconstruction of Ukraine will cost about EUR 500-600 billion.
Estonia, Lithuania, Poland call on EU to pace up drafting of ninth Russia sanction package
The ministers of foreign affairs of Estonia, Lithuania, and Poland in a joint statement praised the approval of the price cap on Russian oil and called on the EU to speed up the preparation of the next round of sanctions on Russia.
Second ship with humanitarian wheat leaves Ukraine for Ethiopia
The BC CALLISTO vessel carrying Ukrainian wheat has left for Ethiopia through the "grain corridor" as part of the Grain from Ukraine initiative.