PM Shmyhal: This year Ukraine expects foreign investment worth almost $6.5B
Prime Minister Denys Shmyhal has outlined seven key government priorities in attracting foreign investment.
Economy - Latest news
15 December 2021
Up to $5 B a year: UkraineInvest plans to boost inflow of investment in production
Ukraine’s Investment Promotion Office (UkraineInvest) plans to boost the inflow of foreign direct investment in the production sector of Ukraine up to $5 billion a year by 2025.
14 December 2021
PM Shmyhal: First two applications for investment projects worth $96 million filed
This week, investors are expected to file the first two applications for investment projects totaling $96 million under Ukraine’s Investment Nanny program.
MPs approve new wording of law on financial services and companies
The Verkhovna Rada, Ukraine's parliament, has passed Law No. 5065 "On Financial Services and Financial Companies."
Antonov to construct five aircraft for Ukrainian National Airlines
The Ministry of Infrastructure of Ukraine and the State Concern "Ukroboronprom" signed a memorandum, according to which new state-owned carrier Ukrainian National Airlines will order the construction of five passenger aircraft at the Antonov State Enterprise.
Law on Ukraine's state budget for 2022 published in parliamentary newspaper
The text of the law "On the State Budget of Ukraine for 2022" has been published in the parliament's Holos Ukrainy newspaper, with state budget revenues totaling UAH 1.323 trillion and expenditures standing at UAH 1.499 trillion.
Economy Ministry drafting new strategy for partnership with World Bank
The Ministry of Economy of Ukraine is drafting a new Ukraine–World Bank Partnership Strategy for 2022-2026.
Ukraine has already exported almost 10 million tonnes of milling wheat
As of December 8, 2021, according to customs data, almost 15 million tonnes of wheat were exported, including 9.8 million tonnes of milling wheat and 5.13 million tonnes of feed wheat.
13 December 2021
Shmyhal orders Galushchenko to control timeliness of payments for coal
Ukrainian Prime Minister Denys Shmyhal has instructed Energy Minister German Galushchenko to control the timeliness of payments for coal being shipped by state coal mining enterprises, according to the government's website.
Ukraine needs more balanced approach to supporting renewables - EU envoy
The European Union shares the common understanding with the Ukrainian authorities that there is still a need for a more balanced approach to supporting renewable energy in Ukraine.
Maasikas: EU interested in Ukraine's integration into European hydrogen market
The European Union is interested in expanding cooperation with Ukraine in the field of hydrogen production and transportation, as well as Ukraine's integration into the EU hydrogen market.
Exports of Ukrainian products to Colombia may triple
In the next three years, with the active work of government and business and sufficient attention to the region, Ukraine may triple its exports to Colombia.
Ukrainian banks issued UAH 1.34B worth of affordable loans last week – Finance Ministry
Ukrainian banks last week issued 447 loans worth UAH 1.34 billion under the state program "Affordable Loans 5-7-9%," the Ukrainian Finance Ministry has reported.
Ukraine has favorable environment for attracting investment in infrastructure – World Bank
The World Bank believes that Ukraine has a favorable legal environment for attracting business investment in the development of state infrastructure.
World Bank allocates $150 M to Ukraine for fight against COVID-19 and vaccination
The World Bank approved $150 million for the Ukraine Emergency COVID-19 Response and Vaccination Project.
11 December 2021
President signs off State Budget 2022
President Volodymyr Zelensky has signed into law the bill on the State Budget of Ukraine for 2022.
Ukraine gets EUR 50M loan from EIB to buy COVID-19 vaccines
Ukraine has received from the European Investment Bank EUR 50 million to procure vaccines against COVID-19.
10 December 2021
Galushchenko: Ukraine’s presidency of Energy Community will strengthen energy security
Ukraine views the Energy Community presidency as a tool to strengthen the energy security of the entire European continent.
New business ombudsman appointed in Ukraine
From January 1, 2022, Roman Waschuk will hold the position of Business Ombudsman.
Naftogaz reports 3.9-fold reduction in losses
In January-September 2021, Naftogaz of Ukraine, the country’s main oil and gas company, reduced its loss by 74.4%, to UAH 4.366 billion year-on-year.
Turkish regions invite Ukrainian entrepreneurs to cooperate
Turkish regions of Kütahya, Eskişehir and Afyonkarahisar invite Ukrainian entrepreneurs and business representatives to cooperate.
Air traffic over Ukraine in Nov reaches 87% of pre-crisis figure - UkSATSE
In November 2021, the State Enterprise for Air Traffic Services of Ukraine (UkSATSE) rendered air navigation services to 19,942 flights operated by Ukrainian and foreign air carriers, performed in the country’s airspace, which amounts to 87.2% of pre-crisis November 2019's number.
09 December 2021
NBU: Foreign direct investment to reach $6.5 B by year-end
The National Bank expects that the inflow of foreign direct investment in Ukraine in 2021 will amount to $6.5 billion.
Kuleba invites British business to actively invest in Ukrainian economy
Minister of Foreign Affairs of Ukraine Dmytro Kuleba invited British business to actively invest in priority areas of the Ukrainian economy: IT, finance, agriculture, infrastructure, tourism.
Government approves medium-term strategy for public debt management until 2024
The Cabinet of Ministers has approved a medium-term strategy for public debt management for 2021-2024.
Prosecutor General, IMF discuss recovery of stolen assets
Prosecutor General of Ukraine Iryna Venediktova discussed cooperation in asset recovery with representatives of the International Monetary Fund.
NBU raises main interest rate to 9%
The National Bank of Ukraine has decided to raise its main interest rate to 9%.
Klitschko: Draft budget 2022 sees over UAH 69B revenue target
Kyiv’s draft budget for 2022 lays down a revenue target of over UAH 69 billion (nearly $2.6 billion).
PM Shmyhal: Ukraine has received UAH 8.1B from privatization over two years
Ukraine has received UAH 8.1 billion from privatization in 2020-2021.
FM Kuleba: Ukraine, Britain oppose Nord Stream 2
Minister of Foreign Affairs of Ukraine Dmytro Kuleba held bilateral talks with UK Secretary of State for Foreign, Commonwealth and Development Affairs Liz Truss during his visit to London on December 8.