Average salary on 20% rise in Ukraine y-o-y - economy ministry
In November 2021, the average nominal salary in Ukraine stood at UAH 14,300, which is 2.4 times the minimum wage.
Economy - Latest news
29 December 2021
PM Shmyhal: Ukraine to get $6.5 B in foreign investments this year
In 2021, the inflow of foreign investment in Ukraine will reach about $6.5 billion.
Ukraine's agricultural sector has grown by 16.7 percent
Ukraine's agricultural sector showed the highest growth rate over 11 months of 2021 compared to other sectors of the economy – by 16.7%.
28 December 2021
European Union to allocate EUR 5M for Ukraine’s nuclear security program
Deputy Prime Minister for European and Euro-Atlantic Integration of Ukraine Olha Stefanishyna signed the agreement on financing the Annual Action Program for 2020 on Nuclear Safety Cooperation between the Government of Ukraine and the European Commission.
Hungary can pump 700 million cubic meters of gas to Ukraine in first three months of 2022
Hungarian Foreign Minister Peter Szijjarto said after a phone call with his Ukrainian counterpart Dmytro Kuleba that Hungary could pump 700 million cubic meters of gas to Ukraine in the first three months of 2022, according to Hungary Today.
Ports of occupied Kerch and Feodosia transferred to Russia’s ‘federal ownership’
The Russian-controlled “head” of the temporarily occupied Crimea, Sergei Aksyonov, announced the transfer of Kerch and Feodosia seaports to the “federal ownership” of Russia.
NBU provides banks with UAH 2B in refinancing
The National Bank of Ukraine has provided refinancing to five banks in the amount of UAH 2.03 billion.
Agrarian Policy Ministry: Almost 185,000 ha of agricultural land sold in Ukraine
As of December 23, 72,367 agricultural land purchase and sale agreements were registered in Ukraine with the total area of sold plots reaching almost 185,000 ha.
27 December 2021
Gazprom accuses Western Europe of gas shortage in EU
A spokesman for Russia's energy monopoly Gazprom, Alexei Kupriyanov, said the latest natural gas shortage in Western Europe was a result of the lack of bids, rather than Gazprom's fault.
24 December 2021
Zelensky: Every third Ukrainian considers road construction one of greatest achievements of 2021
Every third citizen of Ukraine considers the construction and renovation of roads one of the most important achievements of the state in 2021.
Another 650,000 tonnes of coal to be delivered to Ukraine by sea from US, Colombia, Australia
A total of 650,000 tonnes of coal will be delivered in Ukraine by sea to ensure a stable heating season of 2021-2022.
Minister Kubrakov: Funding for road works in Ukraine grows five-fold
In 2021, the expenditures on road works in Ukraine totaled UAH 106 billion, showing a five-fold increase compared to projections in 2019.
PM Shmyhal: We plan to spend at least 140 billion on road construction next year
The pace of construction of roads and bridges within the Great Construction project will not slow down as it is planned to spend 140 billion UAH next year.
Ukrnafta pays UAH 13.18B in taxes this year
In January-November 2021, PJSC Ukrnafta paid UAH 13.18 billion (almost US$484 million) in taxes to the budgets of all levels.
Forty percent of main road network renovated for two years of Great Construction project
Forty percent of Ukraine’s main road network have been renovated for two years of the Great Construction project implementation.
State budget receives UAH 1.6B from state property lease in 2021
Revenues to the state budget from the lease of state assets since the beginning of the year reached UAH 1.6 billion (US$58.7 million), which is 23% more than in 2020.
Ukraine to start modernizing border checkpoints next year - Zelensky
In 2022, within the framework of the Big Construction Program, modernization will begin of international checkpoints on the Ukrainian borders.
23 December 2021
PM: Progress in association agreement implementation grows up to 61%
At the meeting on December 23, the Cabinet of Ministers of Ukraine approved a series of documents to bring Ukraine closer to integration into European markets and implementation of EU’s best practices of the European Union.
Ukraine extends embargo on Russian goods for one year
The Cabinet of Ministers of Ukraine has extended the trade embargo on Russian goods for one year, until January 1, 2023.
Putin claims gas prices in Europe rising due to reverse flow to Ukraine
Russian President Vladimir Putin claims that gas prices on the European spot market are rising including due to the reverse supply to Ukraine – from Germany through Poland.
Ukraine has saved 45B this year thanks to ProZorro
This year, Ukraine has saved UAH 45 billion thanks to transparent auctions on the ProZorro public procurement system.
Ukraine signs gas deal with Hungary
Gas TSO of Ukraine and FGSZ, Hungary’s gas transmission system operator, have concluded an agreement for the supply of a guaranteed volume of natural gas from Hungary to Ukraine starting January 1, 2022.
22 December 2021
President’s Office: Electricity and gas tariffs for population will not increase until heating season ends
An increase in gas supply and distribution tariffs at the level of inflation and an increase in electricity tariffs for regional power companies will not affect the prices of these energy resources for the population.
Naftogaz complains to the European Commission about Gazprom's anti-competitive actions
National Joint-Stock Company Naftogaz of Ukraine has appealed to the European Commission over the abuse of a dominant position in the European gas market by Russia’s Gazprom.
Shmyhal: Ukraine has sufficient potential to make do with domestic energy resources
The Government continues making efforts to attract investors to the implementation of public-private partnership projects.
Assisting exporters, attracting foreign investment: Shmyhal outlines Government’s priorities
The Government’s priorities in the area of economic diplomacy remain constant: assisting Ukrainian exporters and attracting foreign investment to Ukraine.
Rada National Security Committee endorses Defense Procurement Plan for 2022-2024
The Committee of the Verkhovna Rada of Ukraine on National Security, Defense, and Intelligence has approved for the Ministry of Defense a three-year procurement plan, for 2022-2024, which includes almost 500 items.
Ukraine boasts record grain, oilseeds crops
Ukraine will complete the 2021 harvest of cereals, legumes, and oilseeds with a record of more than 106 million tonnes.
21 December 2021
Kuleba presents new online platform NAZOVNI to support Ukrainian exports
The Ministry of Foreign Affairs presented a new online platform NAZOVNI for diplomats to consult business and support Ukrainian exporters.
Zelensky: We have to expand free trade agreements with EU, Canada, Israel
President of Ukraine Volodymyr Zelensky points out the need to expand free trade agreements with the European Union, Canada, and Israel, and expects to sign FTA with Turkey early next year.