State-owned banks report UAH 11.6B profit in Q3 2021 – Ukraine’s finance ministry
In the third quarter of 2021, state-owned banks sealed a profit of UAH 11.6 billion (nearly US$424,4 million), 7.6% more against the previous quarter.
Economy - Latest news
07 December 2021
Gas transit volume up 16% in Nov – Gas TSO of Ukraine
Compared with October, natural gas transit through the Ukrainian gas transmission system to European countries in November increased by 16%, to 3.049 billion cubic meters.
Energy Ministry: Cooperation with E5P allows raising EUR 137.5M for energy efficiency
The Ministry of Energy of Ukraine states that the second phase of cooperation with the Eastern Europe Energy Efficiency and Environment Partnership (E5P) will help Ukraine attract EUR 137.5 million for energy efficiency projects.
Moldova’s Parliament ratifies amendments to free trade agreement with Ukraine
The Parliament of Moldova ratified a protocol amending Moldova–Ukraine free trade agreement.
Ministry of Foreign Affairs presents Ukraine’s economic potential in Oman
Deputy Minister of Foreign Affairs of Ukraine (CDTO) Dmytro Senik presented the economic potential of Ukraine to the leadership of the Oman Chamber of Commerce and Industry.
06 December 2021
Zelensky submits bill on economic passport to Parliament
President Volodymyr Zelensky has submitted a bill on the economic passport to the Verkhovna Rada of Ukraine as evidenced by the data on the Parliament’s website.
Parliament’s committee recommends dismissing Sennychenko as State Property Fund head
The Verkhovna Rada Committee on Economic Development recommends that the Parliament dismiss Dmytro Sennychenko from the post of head of the State Property Fund of Ukraine.
Ukraine’s steel production up 5% - Ukrmetalurgprom
In January-November 2021, Ukraine’s steel production grew by 5.0% compared with the same period last year, Ukrinform reports, referring to Ukrmetalurgprom.
Ukrzaliznytsia transported a record volume of grain in November
In November 2021, JSC Ukrzaliznytsia transported 4.1 million tonnes of grain cargo, which is a record-breaking result per month, Ukrinform reports, referring to the company’s press service.
Banks provided UAH 1.36B under Affordable Loans program last week
Last week authorized banks issued 491 loans for a total sum of UAH 1.36 billion under the government’s program “Affordable Loans at 5-7-9%", Ukrinform reports, referring to the Finance Ministry’s press service.
Sales of new commercial vehicles in Ukraine grew significantly in Nov 2021
In November 2021, 1,429 new commercial vehicles were purchased and registered on the Ukrainian market, which is 1.5 times higher compared with the relevant period last year, according to the Ukrainian Motor Vehicle Manufacturers Association (Ukrautoprom).
PM Shmyhal: Large number of SOEs source of corruption
There are more than 3,000 state-owned enterprises in Ukraine, many of which are a source of constant abuse of office.
Ukrainian brands present their products at Export Gateway to Africa exhibition in Istanbul
Leading Ukrainian food producers took part in the international exhibition Export Gateway to Africa, which took place in Istanbul on December 2-4.
Over 9% of 2022 budget expenditures to be invested in economic development - Shmyhal
In 2022, UAH 140 billion or 9.4% of all expenditures of the state budget will be invested in Ukraine’s economic development.
Second vessel with American coal arrived in Ukraine
The second of seven ships with 66,000 tonnes of American coal has arrived in Ukraine.
03 December 2021
Ukraine exports apples to 65 countries
In January-September 2021, Ukraine exported more than 10,000 tonnes of apples to 65 countries.
China interested in deepening space cooperation with Ukraine
Representatives of the State Space Agency of Ukraine (SSAU) and the China National Space Administration (CNSA) held a working meeting on space cooperation.
ARMA transfers UAH 38.6M to state budget in Jan-Nov 2021
In 2021, Ukraine’s Asset Recovery and Management Agency (ARMA) transferred more revenues to the state budget than in the previous three years, Ukrinform reports, referring to the ARMA press service.
Before year-end, PrivatBank, Oschadbank must approve plans for their privatization – NBU
Before the end of 2021, in cooperation with the Ukrainian Ministry of Finance, PrivatBank and Oschadbank must adopt roadmaps for their partial or full privatization, the press service of the National Bank of Ukraine (NBU) told Ukrinform.
Government approves state guarantees on portfolio basis to 12 banks
The Cabinet of Ministers of Ukraine has approved the provision of state guarantees on a portfolio basis to 12 creditor banks in 2021, Ukrinform reports, referring to the press service of the Finance Ministry.
02 December 2021
Capital investments in agricultural sector are growing - IAE
In January-September 2021, capital investments in agricultural and food sectors of the economy amounted to UAH 48.83 billion, including UAH 33.34 billion (68.3%) in agriculture and UAH 15.49 billion (31.7%) in the food industry.
Government borrowings to budget’s general fund amounted to UAH 478.8B this year
In January-November 2021, actual government borrowings to the general fund of the state budget amounted to UAH 478.8 billion, Ukrinform reports, referring to the Finance Ministry’s press service.
Banks issued UAH 1B of loans under Affordable Mortgage program
Some 1,157 loan agreements have been already signed for a total sum of UAH 1.005 billion under the government program “Affordable Mortgage at 7%”, Ukrinform reports with reference to the Finance Ministry’s press service.
Businesses downgrade their performance expectations - NBU
In November 2021, businesses worsened their expectations for their performance and business prospects
State budget’s general fund received UAH 984.3B since year-start - Finance Ministry
In January-November 2021, the general fund of the state budget received UAH 984.3 billion, which is 104.4% of the target for this period, Ukrinform reports with reference to the Finance Ministry’s press service.
Ukraine implementing 8 projects worth EUR 1.7B in cooperation with EBRD
Ukraine is implementing eight projects worth a total of EUR 1.7 billion in cooperation with the European Bank for Reconstruction and Development (EBRD), Ukrinform reports, referring to the Finance Ministry’s press service.
01 December 2021
PM Shmyhal: Ukraine expects to take part in future EU’s investments for Eastern Partnership countries
The prospect of a "new Eastern Partnership" is EUR 17 billion, which the European Union will allocate in the next 7 years, in particular for Ukraine.
Naftogaz joins European Clean Hydrogen Alliance
Ukraine's state energy firm Naftogaz has joined the European Clean Hydrogen Alliance, the company's press service has said.
Energoatom, France's Framatome discuss prospects for cooperation
Ukraine's National Nuclear Energy Generating Company Energoatom and France's Framatome have held a meeting as part of the World Nuclear Exhibition (WNE) 2021, during which they discussed prospects for cooperation in the field of nuclear energy and hydrogen production, Energoatom's press service has said.
President: Airports being built in 16 Ukrainian cities
President Volodymyr Zelensky announced that airports are currently being built in 16 Ukrainian cities.