Expert: 1.5 million builders needed to rebuild Ukraine in 5-10 years
Through its genocidal war, Russia has already destroyed more than 60 million square meters of housing in Ukraine.
Economy - Latest news
01 July 2024
Modernized Canada-Ukraine free trade agreement enters into force
The modernized free trade agreement between Ukraine and Canada has officially entered into force on July 1.
Government expects inflation to slow to 5.9% in 2027
The government has forecast that inflation in Ukraine will remain below 10.4% on an annual basis over the next two years, with a further slowing to 5.9% in 2027. This information is set out in the Budget Declaration for 2025-2027.
Government expects GDP to grow by 2.7% next year
The Cabinet of Ministers of Ukraine has approved the Budget Declaration for 2025-2027, which outlines a gradual economic recovery. In particular, GDP is expected to grow by 2.7% in 2025.
29 June 2024
Ukraine currently imports 35,203 MWh of electricity
Currently, 35,203 MWh of electricity is expected to be imported.
Zelensky signs law on BES reboot
The President signed the Law "On the Bureau of Economic Security of Ukraine" to improve the work of this agency.
IMF approves USD 2.2 billion tranche for Ukraine
The International Monetary Fund has approved a USD 2.2 billion tranche to support Ukraine's state budget.
Power outage schedules on Saturday to be in effect from 00:00 to 24:00 across Ukraine
On Saturday, June 29, power supply limits will be in effect from 00:00 to 24:00.
Harvesting campaign launched across 16 regions of Ukraine
Sixteen regions of Ukraine have already started the harvesting campaign. Early grain crops were gathered from more than 200 thousand hectares with over 720 thousand tonnes of the new-harvest grain threshed.
28 June 2024
Shmyhal assured that government will pay all social payments in full - this year and next
Thanks to the support of partners, social payments will be paid to Ukrainians in full next year.
Ukraine Facility: Cabinet of Ministers approves EUR 5.27 billion in grant aid from EU
On 28 June, the Cabinet of Ministers approved a financial agreement between Ukraine and the European Union that regulates grant assistance under the Ukraine Facility in the amount of EUR 5.27 billion over the next four years.
Ukrenergo predicts increase in electricity consumption due to heat wave, calls for emergency assistance
Due to rising temperatures, electricity consumption is expected to increase by 2.5% on 28 June compared to the previous day. Emergency assistance is being used to avoid an increase in blackouts.
One of radiation monitoring stations was destroyed near ZNPP - IAEA
The International Atomic Energy Agency (IAEA) has reported the destruction of the ZNPP external radiation monitoring station, which is currently under Russian occupation.
Special permits for subsoil use renewed for Novinsky's companies
The State Service of Geology and Subsoil has renewed special permits for the use of subsoil, including for gas production, for companies owned by former MP Vadym Novynskyi.
Ukrgasvydobuvannya transfers UAH 9.85B in rent payments in Jan-May 2024
In January-May 2024, Ukrgasvydobuvannya JSC transferred UAH 9.85 billion in rent payments to the consolidated budget.
Naftogaz Group generates UAH 10.9B in net profit in Q1 2024
In January-March 2024, Naftogaz Group generated UAH 10.9 billion in net profit compared to UAH 1.4 billion worth of losses suffered during the same period last year.
Ukraine can sell its own drones to partners: Ambassador Beshta outlines benefits
The Ukrainian side offers partners who are planning long-term support to purchase drones produced in Ukraine. It will be effective in terms of logistics, pricing and quality.
27 June 2024
Ukrainian sea corridor has already transported 55 million tonnes of cargo
In the first 10 months of the Ukrainian sea corridor's operation, port cargo turnover reached a record 55 million tonnes, most of which is agricultural products.
Lithuanian partners can prevent Russia from copying Ukrainian development of new drones – ambassador
Lithuanian partners can help Ukraine get rid of its dependence on Chinese-made components in the production of drones and prevent Russia from copying Ukrainian developments of new UAVs.
Power outage schedules on Thursday to be in effect from 00:00 to 24:00 across Ukraine
On Thursday, June 27, hourly power outage schedules will be in effect from 00:00 to 24:00 across Ukraine.
26 June 2024
Shmyhal discusses updated FTA agreement with Canadian minister
Prime Minister Denys Shmyhal and Minister of International Trade, Export Promotion of Canada Mary Ng have discussed the updated Canada-Ukraine Free Trade Agreement, which comes into force on July 1.
Life insurance can become a source of long-term funds for economy - NBU
Ukraine has significant potential for the development of life insurance, which can become a source of long-term funds for the economy.
European Commission delivers truck scanner to Ukraine-Hungary border
The European Commission has delivered an X-ray scanner for checking trucks to the border between Ukraine and Hungary, which will be used to speed up cross-border clearance of cargo transport through the "solidarity corridors".
Procurement prices for milk have stabilised in Ukraine - industry association
Purchase prices for milk have not changed compared to the beginning of June; the weighted average price of three grades was 13.44 UAH/kg excluding VAT, which is 6 kopecks less than a month ago.
Donetsk region’s crop areas cut by about 80% compared to pre-war period – regional administration
In the Donetsk region, the total area of agricultural crop fields has reduced by about 80% this year compared to the pre-invasion period.
Ukraine needs to take separate decision to ban Russian LPG imports – expert’s opinion
The embargo on Russian liquefied petroleum gas (LPG) imports, coming into effect in the European Union from late 2024, will be unable to fully block the flow of such fuel imports to the Ukrainian market.
Galushchenko, Lorkowski discuss procurement of distributed generation equipment
Ukrainian Energy Minister German Galushchenko and Director of the Energy Community Secretariat Artur Lorkowski have met and discussed the procurement of distributed generation equipment through the Ukraine Energy Support Fund.
25 June 2024
Ukraine, EU sign credit agreement under Ukraine Facility
National Bank of Ukraine (NBU) Governor Andriy Pyshnyy and Ukrainian Finance Minister Sergii Marchenko have signed a credit agreement under the Ukraine Facility.
PM Shmyhal, Swedish government and business representatives discuss increasing investment in Ukraine
Ukrainian Prime Minister Denys Shmyhal has met with Swedish International Development Cooperation and Foreign Trade Minister Johan Forssell and business representatives to discuss increasing investment in Ukraine.
24 June 2024
Shmyhal, Bundesrat president discuss decentralization of Ukrainian energy system
At a meeting in Kyiv with German Bundesrat President Manuela Schwesig, Prime Minister Denys Shmyhal expressed gratitude to Germany for its support and significant contribution to strengthening Ukraine.