Govt decides to speed up preparation of enterprises for privatization
The Cabinet of Ministers has made a decision to speed up the inclusion of state-owned enterprises in the list of those subject to privatization.
Economy - Latest news
26 January 2022
Ukraine’s public debt down to 45.2% of projected GDP – Finance Ministry
Ukraine’s public debt decreased to 45.2% of the projected GDP, whereas the total public and publicly guaranteed debt - to 51.1%, Ukrinform reports, referring to the Finance Ministry’s press service.
Kyiv gets UAH 76M in tourist tax revenues in 2021
Despite the COVID-19 pandemic and quarantine restrictions, the budget of Kyiv city received UAH 76 million of tourist tax revenues in 2021, which indicates the successful development of capital’s tourism sector.
Ukraine to export semi-finished meat products to Montenegro - food safety service
The competent authorities of Ukraine and Montenegro have agreed on the form of a certificate for the exports from Ukraine of semi-finished meat products intended for human consumption, Ukrinform reports, referring to the State Service on Food Safety and Consumer Protection’s press service.
Israel to employ 2,000 builders from Ukraine this year
At the beginning of March this year, 2,000 specialists will leave Ukraine for construction work in Israel, according to Israeli Ambassador to Ukraine Michael Brodsky.
Ukraine implementing 25 projects worth EUR 5.2B in cooperation with EIB
Ukraine is implementing 25 public sector projects worth EUR 5.2 billion in cooperation with the European Investment Bank (EIB), according to the press service of the Finance Ministry.
25 January 2022
Ambassador Chentsov: EU will help Ukraine restore financial stability
A new EUR 1.2 billion macro-financial assistance package, announced by the European Commission, will help Ukraine overcome the negative economic consequences of the threat of Russian aggression and restore the country's economic stability.
Vice PM: Escalation part of Russia’s plot affecting Ukraine economy
Continued escalation without military invasion is also part of Russia's scenario, which has a strong impact on the Ukrainian economy and stability of the banking sector.
Government expects IMF program to be reviewed in February
The Cabinet of Ministers of Ukraine expects the current program with the International Monetary Fund to be reviewed in February.
Australia mulls additional sanctions against Russia - foreign minister
The Australian authorities are considering imposing additional sanctions on Russia should it launch a new invasion of Ukraine.
24 January 2022
European Commission providing EUR 1.2B in aid to Ukraine
The European Commission will grant Ukraine a new package of financial assistance worth EUR 1.2 billion, European Commission President Ursula von der Leyen has said.
Shmyhal discuss holding Ukraine–Austria business forum
Prime Minister of Ukraine Denys Shmyhal had a telephone conversation with Federal Chancellor of Austria Karl Nehammer, during which the parties confirmed their intention to hold a Ukraine–Austria business forum.
Shmyhal, Nehammer discuss Ukraine's European prospects, trade, economic relations
Ukrainian Prime Minister Denys Shmyhal and Austrian Chancellor Karl Nehammer in a phone call discussed Ukraine's European prospects, the strengthening of trade and economic relations and the development of green energy between the two countries, according to the Ukrainian government's website.
PM Shmyhal: Industrial parks may attract over $2.5B in investment to Ukraine
Industrial parks will finally start operating in Ukraine. In the next three years, the state will help build infrastructure for 25 industrial parks, which would attract $2.5 billion in additional investments to Ukraine.
Marchenko holds online meeting with U.S. Deputy Secretary of the Treasury
Minister of Finance of Ukraine Serhiy Marchenko held an online meeting with U.S. Deputy Secretary of the Treasury Wally Adeyemo.
21 January 2022
Energy minister talks plans to disconnect from Russia, Belarus power grids
Ukraine has secured the European Commission’s support for its efforts to synchronize its national power system with the European Union's ENTSOE and is moving steadily toward completing the process in 2023.
20 January 2022
PM Shmyhal: Association Agreement with EU is Ukraine’s reform roadmap
The Association Agreement with the European Union is Ukraine’s roadmap for reforms and the basis for integration into the EU's internal market.
President of Switzerland hopes for tangible results for Ukraine at Reform Conference
President of the Swiss Confederation Ignazio Cassis hopes to achieve tangible practical results for Ukraine's stability and prosperity at the 5th Ukraine Reform Conference in Lugano.
PM Shmyhal: Ukraine to attract foreign investment in energy
Ukraine plans to attract foreign investment in energy to achieve the goals of energy independence and decarbonization.
NBU worsens outlook for GDP growth in 2022
The National Bank has downgraded its economic growth forecast for 2022 from 3.8% to 3.4%.
Ukraine's central bank raises key interest rate to 10%
The National Bank of Ukraine has decided to raise its key interest rate to 10%.
Republic of Korea to continue cooperation with State Space Agency of Ukraine
The Embassy of the Republic of Korea in Ukraine expressed interest in the Ukrainian-Korean cooperation in the field of space exploration and agreed to continue the partnership with the State Space Agency of Ukraine (SSAU).
Ukraine’s agri-food exports to EU up 33% last year
In 2021, exports of Ukrainian agri-food products to the European Union in monetary terms increased by 33% compared to 2020 and reached $8.3 billion.
Minister Galushchenko: Europe should counter energy threats jointly
Minister of Energy of Ukraine German Galushchenko believes that Europe should counteract energy threats jointly.
19 January 2022
More than half of domestic startups focused on Ukraine’s domestic market
Sixty-three percent of domestic startups are focused on the market of the entire Ukraine, 24% – on the local market, and 12% of newly created companies – on the foreign market.
Shmyhal: UkraineInvest receives applications for potential projects worth over $2B
The UkraineInvest office, which provides support to large investors, has already received applications for potential projects totaling more than $2 billion.
Galushchenko discusses energy security with US Senate delegation
Energy Minister of Ukraine German Galushchenko discussed energy security at a meeting with a bipartisan delegation of the U.S. Senate on January 18.
18 January 2022
Minister Galushchenko: Ukraine's energy system works consistently
Ukraine's energy system works consistently and provides the required amount of electricity to consumers.
Local budgets’ revenues in 2022 projected at 437B
Revenues of local budgets in 2022 are projected at UAH 437 billion, an increase of UAH 87 billion compared to the previous year.
EU lifts restrictions on import of poultry products from Ukraine
On January 17, the European Union lifted restrictions on the import of poultry products from Ukraine, which were in force since December 2020 due to avian influenza.