President: We launch economic patriotism program
The President of Ukraine announced the launch of an economic patriotism program in the country.
Economy - Latest news
23 February 2022
22 February 2022
Germany halts Nord Stream 2 certification
Germany has decided to suspend the certification of the Nord Stream 2 gas pipeline amid the latest decisions made by Russian President Vladimir Putin.
Zelensky invites Estonian business to invest in Ukrainian projects
President of Ukraine Volodymyr Zelensky has invited Estonian investors to take active part in energy, infrastructure projects and development of Ukraine’s IT industry.
Deposits of individuals in Deposit Guarantee Fund’s banks exceed UAH 658B
The total amount of deposits of individuals in banks-participants of the Deposit Guarantee Fund of Ukraine amounted to UAH 658.3 billion as of February 1, 2022, Ukrinform reports, referring to the Fund’s press service.
Ukraine initiating suspension of Russia’s EBRD membership
Ukraine is initiating suspension of the Russian Federation from membership in the European Bank for Reconstruction and Development due to its recognition of illegal entities in certain areas of the Donetsk and Luhansk regions.
Ukrainian Eurobonds decreased in price amid escalation
Amid growing fears of Russian aggression, prices of U.S. dollar Eurobonds, GDP-linked bonds and other sovereign securities of Ukraine have dropped significantly.
Ukraine losing up to $3 B a month amid escalation fears – President’s Office
Due to the threat of Russian invasion, Ukraine loses 2 to 3 billion U.S. dollars a month due to suspended investment and additional inflation.
21 February 2022
NBU sold $503M on interbank foreign exchange market last week
The National Bank of Ukraine (NBU) sold $503 million and purchased $50 million on the interbank foreign exchange market last week, Ukrinform reports, referring to data provided by the central bank.
EU adopts €1.2B assistance to Ukraine
The Council of the EU approved a proposal from the European Commission to provide Ukraine with additional emergency macro-financial assistance in the amount of EUR 1.2 billion.
NBU provides almost UAH 1.87B in refinancing to six banks
The National Bank of Ukraine (NBU) provided UAH 1.865 billion in refinancing to six banks, Ukrinform reports, referring to the central bank’s press service.
Naftogaz secured 10.7% of all revenues to state budget in 2021
In 2021, NJSC Naftogaz of Ukraine paid UAH 116 billion to the state budget, which accounts for 10.7% of the total state budget revenues, the company’s press service wrote on Telegram.
Ukraine imported fish and seafood mostly from Norway in 2021 – IAE
Ukraine imported $874 million worth of fish, crustaceans and mollusks in 2021, which is 28.6% more than in 2020.
Swiss Air suspends flights to Kyiv for a week
Swiss Air has suspended flights to the city of Kyiv from Monday amid growing fears of a Russian invasion.
19 February 2022
Europe forced to cease dependence on sole energy supplier - von der Leyen
Russia's aggressive behavior and Russia's dubious actions in the midst of the energy crisis in Europe are forcing the European Union to actively seek ways to diversify energy supplies and get rid of its dependence on a sole supplier.
18 February 2022
Marchenko: Ukraine may receive first tranche of EUR 600M from EU in late March
Ukraine may get the first tranche of the macro-financial assistance loan from the European Union in the amount of EUR 600 million in late March or early April this year.
Ukraine lost $280B over period of Russian aggression – finance minister
According to international experts, Ukraine has lost about $280 billion from the occupation of its territories in the Donbas and Crimea in the form of lost GDP between 2014 and 2020.
Ukraine imported almost 1.3M tonnes of coal since Nov 2021
Ukraine has imported almost 1.3 million tonnes of coal since November 2021.
Ukraine technically prepared for synchronization with ENTSO-E – Shmyhal
Ukraine is technically prepared for synchronization of Ukraine's power system with the European Network of Transmission System Operators (ENTSO-E) in 2023.
Ukraine spent UAH 130B on fight against COVID-19 – Marchenko
Since the pandemic began, Ukraine has spent UAH 130 billion on the fight against COVID-19.
Parliament passes law on cryptocurrency with President’s proposals
The Verkhovna Rada of Ukraine passed a law on the legal regulation of virtual assets, taking into account the proposals of President Volodymyr Zelensky.
Dzheppar, ICAO leadership discuss security situation in Ukraine
First Deputy Minister of Foreign Affairs of Ukraine Emine Dzheppar has assured the leadership of the International Civil Aviation Organization (ICAO) that the situation on Ukraine's borders and in the airspace in under control, Ukrinform reports, referring to the Ukrainian ministry’s press service.
17 February 2022
London steps up financial support for Ukraine up to GBP 100M
The United Kingdom steps up funding for projects in support of Ukraine and its energy independence up to GBP 100 million.
Verkhovna Rada ratifies Ukraine-EU agreement on common aviation area
The Verkhovna Rada of Ukraine has ratified agreements between Ukraine, the European Union and its Member States on the common aviation area.
Banks issued UAH 1.47B of loans under Affordable Mortgage program
Authorized banks have signed 1,723 loan agreements for a total sum of UAH 1.47 billion under the government program “Affordable Mortgage at 7%”, Ukrinform reports with reference to the Finance Ministry’s press service.
Verkhovna Rada ratifies agreement on EUR 200M loan from EIB for public transport
The Verkhovna Rada of Ukraine has adopted in its entirety the draft law on ratification of the financial agreement "Ukraine Urban Public Transport II" between Ukraine and the European Investment Bank.
Parliament dismisses Sennychenko as head of State Property Fund
The Verkhovna Rada of Ukraine has dismissed Dmytro Sennychenko from the post of head of the State Property Fund of Ukraine
Hryvnia deposits of individuals in banks grew by 8.1% - NBU
In October-December 2021, the amount of hryvnia funds of individuals in banks increased by 8.1% quarter-on-quarter and 15.3% year-on-year.
European Parliament greenlights EUR 1.2B assistance package to Ukraine
During the plenary session in Strasbourg, the European Parliament gave the green light to a EUR 1.2 billion macro-financial loan to Ukraine.
Investors trying to withdraw capital from Ukraine amid information threats – Shmyhal
Investors are trying to withdraw their capital from Ukraine under the pressure of information threats.
16 February 2022
Economy minister outlines priority projects for GDP growth
The Government focuses on a number of key priority projects that will help accelerate the growth of national GDP.