Zelensky, Macron discuss economic and infrastructure cooperation
President of Ukraine Volodymyr Zelensky discussed, among other things, the economic and infrastructure cooperation during the talks with President of France Emmanuel Macron.
Economy - Latest news
08 February 2022
Kuleba sees consensus on Nord Stream 2 in event of new Russian aggression as positive signal
The consensus that a new Russian invasion of Ukraine will bring an end to the future of the Nord Stream 2 gas pipeline is a positive signal.
Share of IT in Ukraine’s GDP may grow to 10% due to Diia.City - Zelensky
The share of IT in Ukraine’s GDP may grow from 4% to 10% due to Diia.City, a special legal and tax regime for the IT industry.
Ukraine’s grain exports exceed 39M tonnes
Ukraine has exported 39.210 million tonnes of grain crops so far in the current 2021/2022 marketing year, which is 9.683 million tonnes more than in the same period last year, according to the Ministry of Agrarian Policy and Food.
State Property Fund held successful auctions for over UAH 440M in Jan 2022
In January 2022, the State Property Fund of Ukraine held 17 successful auctions for a total amount of UAH 440.96 million.
Coal reserves at Ukraine’s TPPs up 8.6% over week - operator
Coal reserves in the warehouses of Ukraine’s thermal power plants amounted to 657,200 tonnes as of February 7, 2022, which is 8.6% more than reported on January 31.
Biden vows to end Nord Stream 2 if Russia invades Ukraine
U.S. President Joe Biden has promised to bring an end to the Nord Stream 2 gas pipeline if Russia launches a new invasion of Ukraine.
U.S. expects Ukraine to connect to European electricity grid soon – Blinken
The United States supports Ukraine’s efforts to connect with the European electricity grid, U.S. Secretary of State Antony Blinken said in Washington on Monday, own Ukrinform correspondent reported.
07 February 2022
Minister Marchenko: Ukraine actively negotiating international financial support
Ukraine is actively negotiating financial support with the International Monetary Fund, the European Commission, and the United States.
Over 660 electric vehicles registered in Ukraine in Jan 2022
In January 2022, 663 new electric vehicles were purchased and registered in Ukraine, which is almost a third higher than in January 2021, Ukrinform reports, referring to the Ukrainian Motor Vehicle Manufacturers Association (Ukrautoprom).
Zelensky instructs to map out transformation of food systems in Ukraine
President Volodymyr Zelensky instructed the Government to draft and endorse an action plan for the transformation of food systems in Ukraine until 2030.
Finance Ministry expects next IMF mission to start work in Ukraine soon
The Ukrainian Finance Ministry expects the next mission of the International Monetary Fund (IMF) will begin work in Ukraine in the near future.
Gas transit through Ukraine decreased by 57% in Jan 2022 - GTSOU
The transit of natural gas through Ukraine's gas transmission system amounted to 1.664 billion cubic meters in January 2022, which was 57% less than in January 2021, Ukrinform reports, referring to the press service of the Gas Transmission System Operator of Ukraine (GTSOU).
NBU: Hryvnia exchange rate stabilized
Last week the hryvnia exchange rate has somewhat stabilized amid a decrease in rising demand for currency and increase in supply of currency, the press service of the National Bank of Ukraine (NBU) wrote on Facebook.
Raw milk supplies to processing enterprises in Ukraine down 8.9% in 2021
In 2021, supplies of raw milk to processing enterprises in Ukraine decreased by 8.9% compared to 2020, to 3.20 million tonnes.
Borrell: US, EU to strengthen Ukraine's energy resilience
At the EU-US Energy Council in Washington on Monday, the parties are to discuss ways to strengthen transatlantic energy security, including ways to bolster Ukraine's energy resilience and prevent the use of energy as a geopolitical weapon.
05 February 2022
Ukraine's GDP grew by 5.9% in Q4 2021 – statistics service
Ukraine's gross domestic product (GDP) in the fourth quarter of 2021 increased by 5.9% compared to the fourth quarter of 2020, Ukrinform reports, referring to the State Statistics Service.
04 February 2022
Consul General Tarasiuk: Texas has tremendous business potential for Ukraine
The state of Texas has enormous potential for cooperation with the Ukrainian business in energy, space industry, medicine, and IT.
Revenues from single social contribution grew by 18.6% in 2021
In 2021, revenues from a single social contribution to the Pension Fund and social insurance funds amounted to UAH 349 billion, which is 18.6% more than in 2020.
Ukrenergo, Romania’s Transelectrica update operational agreement
NEC Ukrenergo and Romanian transmission system operator Transelectrica S.A. have signed an updated operational agreement on the transmission system in compliance with the requirements of ENTSO-E, Ukrinform reports with reference to Ukrenergo website.
Naftogaz starts gas imports from Hungary, Slovakia and Poland – energy minister
NJSC Naftogaz of Ukraine has started to import natural gas, according to Ukrainian Minister of Energy German Galushchenko.
UAH 46.4B spent on fight against COVID-19 in 2021 – Ukrainian Finance Ministry
UAH 46.4 billion was spent from Ukraine's state budget in 2021 to fight COVID-19, the Ukrainian Finance Ministry's press service has said.
Ukraine extracts 2.4 bcm of gas from underground storage facilities in Jan 2022
Ukraine extracted 2.4 billion cubic meters (bcm) of natural gas from its underground gas storage facilities in January 2022, Ukrinform reports, referring to the press service of JSC Ukrtransgaz.
Ukraine, Turkey discuss gas supplies through Trans-Balkan Corridor
During the working visit of President of the Republic of Turkey Recep Tayyip Erdoğan to Ukraine, Minister of Energy of Ukraine German Galushchenko discussed the diversification of energy supplies with Minister of Energy and Natural Resources of Turkey Fatih Dönmez.
FTA agreement with Turkey sets zero duty on 95% of Ukrainian goods - PM Shmyhal
The Free Trade Area agreement with Turkey envisages a zero duty on 95% of goods produced in Ukraine, Prime Minister Denys Shmyhal told journalists on Thursday evening.
Erdoğan: FTA will prompt trade turnover with Ukraine to reach $10B
President of Turkey Recep Tayyip Erdoğan hopes that Ukraine and Turkey will be able to quickly reach the planned trade turnover of $10 billion due to signing the free trade agreement.
Ukraine, Turkey agree on full liberalization of motor transportation services – Kubrakov
As part of a Free Trade Area (FTA) Agreement, Ukraine and Turkey have agreed on the full liberalization of motor transportation services.
03 February 2022
FTA with Turkey opens up new business opportunities - Zelensky
The free trade agreement between Ukraine and Turkey opens up new business opportunities and is the result of three decades of cooperation between the two countries, Ukrainian President Volodymyr Zelensky has said.
EIB invested EUR 554M in Ukraine in 2021
In 2021, the European Investment Bank (EIB) signed agreements on financing infrastructure and innovation projects in Ukraine for a total sum of EUR 554.
Energoatom, OCNI sign memorandum of cooperation
Ukraine’s NNEGC Energoatom and the Organization of Canadian Nuclear Industries (OCNI) have signed a memorandum of cooperation in the nuclear energy sector, Ukrinform reports, referring to the press service of Energoatom.