Naftogaz CEO denies halt in oil transit ahead of contract expiration
Naftogaz of Ukraine NJSC will continue to fulfill its obligations to European partners under the current oil transportation contract.
Economy - Latest news
30 August 2024
Five sugar refineries to be running in Vinnytsia region this season
Five sugar plants will be operating in the Vinnytsia region this sugar refining season.
IAEA chief to visit ZNPP next week, for fifth time in two years
The Director General of the International Atomic Energy Agency (IAEA), Rafael Grossi, will arrive in Ukraine next week, including to visit the Zaporizhzhia nuclear power plant currently controlled by the Russian invasion forces.
Emergency blackouts in Ukraine amid power system crisis
The DTEK Group said it has received an order on emergency power outages.
Large volumes of cargo handling by ports not reduce demand for road transport – Derkach
Ukraine’s road transport services are remaining critically important despite the increasing volumes of cargo handling by sea ports.
Minister Galushchenko, IEA leadership discuss restoration of Ukraine’s energy system
Ukrainian Energy Minister German Galushchenko and International Energy Agency (IEA) Executive Director Fatih Birol have discussed the restoration of Ukraine’s energy system following Russia’s August 26 attack.
29 August 2024
Most EU countries support liberalization of road transport with Ukraine – Derkach
With the agreement on the liberalization of road transport, the number of transport companies and motor vehicles in Ukraine has increased twofold in the past year.
European integration of transport sector requires eliminating monopolization, opening market – Derkach
The European integration of the transport sector in Ukraine requires eliminating monopolization and opening the market.
Part of money from frozen Russian assets to be used to prepare Ukraine for winter - EU envoy
The mechanism for Ukraine to receive funds derived from Russian assets frozen abroad as part of the Group of Seven agreement is still being finalized, while the European Union has already received the first such transfer, which is be forwarded for Ukraine’s needs in the near future.
Ukraine already exports more than 6.7M tonnes of grain, leguminous crops
Since the beginning of the marketing year 2024/2025, Ukraine has exported 6.746 million tonnes of grain and leguminous crops.
Ukraine’s grape harvest likely to decline by 30% in 2024
As preliminarily estimated by the industry-specific corporation, Ukraine’s grape harvest may reduce by 30% in 2024 compared to the previous year.
Chernyshov, Fico discuss cooperation to strengthen energy security
Naftogaz Group Board Chairman & CEO Oleksiy Chernyshov and Prime Minister of the Slovak Republic Robert Fico have discussed cooperation between Ukraine and Slovakia to strengthen the energy security of the two countries.
28 August 2024
Debt restructuring: Ukraine suspends payments under Eurobonds
In view of the implementation of the debt restructuring agreement, the Cabinet of Ministers of Ukraine endorsed a decision to suspend payments under external state loan bonds dating back to 2015 from September 1, 2024.
Ukraine listed among 20 countries using latest version of ‘customs visa-free regime’
Ukraine has been listed among 20 out of 36 countries within the Convention on a Common Transit Procedure, using the latest version of the NCTS Phase 5 common transit system.
Power engineers continue dismantling rubble at Kyiv HPP, no risk of dam breaching – Ukrhydroenergo
There is no risk for the Kyiv Hydroelectric Power Plant (HPP) to breach. Power engineers continue to dismantle rubble following Russia’s August 26 attack.
Ukraine’s public, publicly-guaranteed debt up by USD 3.2B in July 2024
In July 2024, Ukraine’s public and publicly-guaranteed debt increased by UAH 206.16 billion, or USD 3.20 billion.
PM Shmyhal: At least 10M jobs needed in Ukraine to provide support for Armed Forces
Ukraine needs at least 10 million jobs to provide support for the country’s Armed Forces. Meanwhile, there are less than 8 million jobs formally available at the moment.
Emergency blackouts canceled in Kyiv, number of regions
In the capital and four regions of Ukraine, emergency power cuts introduced earlier today have been called off.
27 August 2024
Kursk NPP works in "close to normal" condition - IAEA chief
The head of the International Atomic Energy Agency (IAEA) Rafael Grossi visited the Kursk nuclear power plant, stating that the facility now operates in a "close to normal" condition.
Galushchenko, EU ambassador discuss strengthening protection of energy facilities
Energy Minister of Ukraine German Galushchenko and EU Ambassador to Ukraine Katarína Mathernová have discussed efforts to counter Russian attacks on Ukraine's energy sector, including strengthening the protection of energy facilities.
Zelensky: No one will extend gas transit agreement with Russia - that's it
Ukraine will not extend the Russian gas transit agreement, but is ready to consider requests from European companies.
Ukraine has invested UAH 1 trillion in security and defense in seven months
In January-July 2024, UAH 1 trillion was allocated from the state budget for the security and defense sector, including UAH 161.6 billion in July.
Some 1,872 companies in Ukraine have wage arrears – Opendatabot
As of early August 2024, a total of 1,872 companies in Ukraine had wage arrears.
ARMA transfers UAH 781.4M to state budget in July 2024
Last month Ukraine’s state budget received UAH 781.4 million from the Ukrainian Asset Recovery and Management Agency (ARMA).
26 August 2024
Shmyhal discusses consequences of Russian air attack with US Special Representative for Ukraine’s Economic Recovery
Prime Minister of Ukraine Denys Shmyhal had an online conversation with Deputy Secretary of State, acting U.S. Special Representative for Ukraine’s Economic Recovery Richard Verma.
Restoration of energy sector after shelling: Zelensky held meeting
President Volodymyr Zelensky held a meeting with the Security Council, in particular, he heard information about the situation in the energy sector after a massive Russian missile and drone strike.
Energy companies need to adjust plan of preparation for heating season – PM’s adviser
The consequences of today’s Russian combined attack on Ukraine’s energy infrastructure will be clear once the inspection of the affected facilities is completed but it is already obvious that energy companies will have to adjust the plan of preparation for the upcoming heating season.
Minister Galushchenko on Russia’s latest massive attack: Situation in energy sector challenging
Russians have again targeted Ukraine’s energy objects, trying to leave Ukrainians without electricity.
Railroad is partially de-energized due to enemy shelling
Ukrzaliznytsia (railroad) announced several power outages in different regions of the country due to a large-scale missile attack.
25 August 2024
In Ukraine, 524 settlements are without electricity due to hostilities and technical violations
In Ukraine, 524 settlements remain without electricity supply due to hostilities and technological disruptions, the situation in the energy sector is difficult, but restrictions for consumers have not been introduced.