Baykar CEO expects to complete plant in Ukraine in two years
Türkiye’s Baykar is planning to complete the construction of its manufacturing plant in Ukraine in two years.
Economy - Latest news
28 October 2022
IAEA in talks with Ukraine, Russia on sealing deal on safety zone around ZNPP as soon as possible - Grossi
Director General of the International Atomic Energy Agency, Raphael Grossi, on Thursday briefed members of the UN Security Council at a closed-door session on the situation at Ukraine’s nuclear facilities.
IAEA to inspect Ukrainian nuclear facilities to refute Russian "dirty bomb" false claims
This week, IAEA inspectors will visit two nuclear facilities in Ukraine at Kyiv's request to refute Russian fake news claiming Ukraine was plotting a "dirty bomb" attack on its own soil.
27 October 2022
Power outages in Kyiv region: All services still working to stabilize situation
Electricity supply restrictions have been introduced in Kyiv region: such power outages may last longer than four hours.
Ukraine starts testing import of electricity from Europe
JSC Energy Company of Ukraine has started testing import of electricity from Europe.
Grain corridor: Ukraine has already exported 3.7 mln T of corn, 2.6 mln T of wheat
3.7 million tonnes of corn and 2.6 million tonnes of wheat were exported from Ukraine through the Odesa region sea ports for 88 days of operation of the "grain corridor".
Steel production in Ukraine shrinks by 66% in nine months
Ukrainian steel mills produced 5.526 million tonnes of steel from January through September 2022, which is 66.1% or 10.768 million tonnes less than in the same period of 2021.
Tougher power supply caps in parts of Ukraine amid continued Russian strikes on energy infrastructure
After the latest Russian strikes overnight Thursday, energy companies are forced to introduce stricter restrictions in Kyiv, Chernihiv, Cherkasy and Zhytomyr regions, as well as the city of Kyiv, which will be adjusted depending on the current situation in the country’s power system.
UCAB predicts 30% drop in gross sunflower harvest in Ukraine
According to preliminary estimates by the Ukrainian Club of Agrarian Business, the gross sunflower harvest in the 2022/2023 marketing year will decrease by 30% compared to the average annual figure for the past three years.
Ukraine already exported 9M tonnes of agricultural products via sea ports
Between August 1 and October 27, 2022, Ukraine exported 9 million tonnes of agricultural products through the sea ports of Odesa region.
Poland wants to help Ukraine restore airports, expand railway links
Poland wants to help Ukraine with the post-war reconstruction of airports and is also ready to expand railway links between the two countries.
26 October 2022
Russia blocks 175 ships operating as part of ‘grain initiative’ – President of Ukraine
The Russian Federation has already blocked 175 ships expected to leave the ports as part of the grain export initiative.
Transport MEPs approve EU road transport agreements with Ukraine, Moldova
The European Parliament Committee on Transport and Tourism has approved two separate agreements with Ukraine and Moldova to make the cross-border transport of goods easier.
Ukrainian companies participate in defense exhibition in Istanbul
Ukrainian defense companies take part in SAHA EXPO 2022 international exhibition in Istanbul.
25 October 2022
Ukraine could need up to $5B a month - IMF chief
Ukraine's external financing will stand at nearly $3 billion a month in 2023, which is a best-case scenario, but it could also rise up to $5 billion if Russian attacks further intensify.
Zelensky to EU: We need fast mechanism for directing Russian assets to compensate for war-related losses
Ukrainian President Volodymyr Zelensky has said there should be a legal and concrete mechanism for compensating for losses suffered by Ukraine at the expense of Russian assets.
Scholz announces '21st century Marshall Plan' for Ukraine's reconstruction
German Chancellor Olaf Scholz has said that the reconstruction of Ukraine will be a "Marshall Plan for the 21st century" and an opportunity to build a more stable and strong country.
PM Shmyhal, IMF chief Georgieva discuss new cooperation program, donor platform
Ukrainian Prime Minister Denys Shmyhal and International Monetary Fund (IMF) Managing Director Kristalina Georgieva have met in Berlin and discussed a new cooperation program and the consolidated efforts of partners in support of Ukraine.
World Bank disburses additional $500M to help Ukraine meet urgent needs
The World Bank has announced the disbursement of an additional $500 million to help Ukraine meet urgent spending needs caused by Russia’s full-scale invasion.
IAEA inspectors to visit two nuclear sites in Ukraine
Inspectors of the International Atomic Energy Agency (IAEA) will visit two nuclear locations in Ukraine to detect any possible undeclared nuclear activities.
24 October 2022
Belgium pledges to support Ukrainian energy sector
Minister of Energy of Ukraine German Galushchenko held an online meeting with Minister of Energy of Belgium Tinne Van der Straeten who pledged to continue to provide support for the Ukrainian energy sector.
PM Shmyhal urges to expel Russia from FATF
Prime Minister of Ukraine Denys Shmyhal and German Federal Minister of Finance Christian Lindner discussed the increase in funding security assistance to Ukraine and the need to expel Russia from the Financial Action Task Force (FATF).
Ukraine offers investors wide ‘menu’ of projects worth $400B – Prime Minister
The Ukrainian government is determined to maximize investment raising in any form.
PM Shmyhal: Investment potential of Ukraine’s agricultural sector is at least $34B
The investment potential of Ukraine’s agricultural sector is at least $34 billion, even under the current challenging conditions.
Ukraine calls on world to demand Russia stop artificial delays in inspections of grain ships
The Ukrainian Foreign Ministry has called on the international community to demand that Russia immediately stop artificial and politically motivated delays in the inspections of vessels using the Black Sea grain corridor.
Six more grain ships leave Ukrainian ports
Six ships carrying agricultural products left Ukrainian seaports on October 24 as part of the implementation of the Black Sea Grain Initiative.
NABU puts former NBU governor on wanted list
Ukraine's National Anti-Corruption Bureau (NABU) has placed on the wanted list three officials of JSC Ukrgasbank who, according to investigators, are suspected of the embezzlement of more than UAH 200 million.
EBRD to commit up to EUR 3B to Ukraine by late 2023
The European Bank for Reconstruction and Development (EBRD) will commit up to EUR 3 billion over 2022-2023 to help Ukraine’s businesses and economy keep functioning.
Ukrenergo introduces electricity supply restrictions in some regions
Ukraine’s power system operator NEC Ukrenergo introduces electricity supply restrictions in a number of regions to maintain the stable operation of the system.
23 October 2022
President: Power supply possibility restored in all regions
Energy workers have restored the technical possibility of power supply in all regions that suffered the Russian attack on October 22.