Algerian companies interested in importing Ukrainian fertilizers, food products
Ukrainian diplomats have presented the export potential of Ukraine to Algerian entrepreneurs.
Economy - Latest news
23 November 2021
Shevchenko names NBU's priorities as part of cooperation with IMF
The National Bank of Ukraine (NBU) will continue to focus on areas important for Ukraine within the framework of cooperation with the International Monetary Fund (IMF).
Stefanishyna: Ukraine will be recognized as priority country in product supplies to EU
Ukraine expects domestic rail and water transport to be included in the priority chains of product supplies to the European Union within the framework of the European Green Deal.
Shmyhal on IMF tranche: We have confirmed Ukraine's status as reliable partner
The IMF's decision to grant Ukraine a tranche of almost $700 million has confirmed the country's status as a reliable and responsible partner, Prime Minister Denys Shmyhal has said.
Marchenko meets with EBRD Vice President
Ukrainian Finance Minister Serhiy Marchenko and newly appointed Vice President of the European Bank for Reconstruction and Development (EBRD) for Policy and Partnerships, Mark Bowman have discussed the prospects for further cooperation.
PM Shmyhal: Ukraine–Austria trade and economic cooperation has significant potential
The development of trade and economic cooperation between Ukraine and Austria has great potential.
Zelensky: Ukraine will use IMF tranche to support financial system, combat COVID-19
Ukrainian President Volodymyr Zelensky has thanked the IMF Executive Board for the decision to allocate a tranche of almost $700 million to Ukraine.
IMF approves Ukraine tranche worth almost $700M
At a meeting to review the ongoing Stand-By Arrangement with Ukraine, the IMF Executive Board decided to extend the program and allocate a tranche of about $700 million.
22 November 2021
Belarus grants 7,000 additional permits to Ukrainian carriers – Infrastructure Ministry
The Republic of Belarus has granted Ukrainian carriers 7,000 additional permits for international road haulage, Ukrinform reports, referring to the Infrastructure Ministry of Ukraine.
Banks provided UAH 1.32B under Affordable Loans program last week
Last week authorized banks issued 381 loans for a total sum of UAH 1.32 billion under the government’s program “Affordable Loans at 5-7-9%", Ukrinform reports, referring to the Finance Ministry’s press service.
Galushchenko: 15 power units of Ukrainian NPPs will be in operation in February
Ukraine’s National Nuclear Energy Generating Company Energoatom may connect all 15 power units of nuclear power plants (NPPs) to the energy system in February 2022, according to Minister of Energy German Galushchenko.
Ukrainian refineries produced 1M tonnes of sugar in current season
In the 2021/2022 marketing year, Ukrainian sugar refineries have produced more than 1 million tonnes of sugar so far, Ukrinform reports, referring to the Ukrtsukor National Association of Sugar Producers of Ukraine.
Centrenergo to import coal by sea to avoid blockade by Russia
Centrenergo, a government-run public joint-stock company, plans to supply coal by sea on a permanent basis in order to avoid the risks of a possible energy blockade that could be set up by the Russian Federation against Ukraine.
Energoatom, Westinghouse agree on construction of power units at Khmelnytskyi NPP
State-owned NNEGC Energoatom and Westinghouse (U.S.) have agreed to jointly finalize the construction of the two power units at the Khmelnytskyi Nuclear Power Plant (KhNPP).
PM Shmyhal: Ukraine wants to extend transit contract with Gazprom for 15 years
The ideal term for extending the gas transit contract with Gazprom is 15 years.
Belarus says power supplies to Ukraine resumed
From November 21, Belarus has reportedly resumed electricity supply to Ukraine.
20 November 2021
Canada and Ukraine launch construction of spaceport
An official ceremony was held in Canada to mark the start of the construction of a joint Ukrainian-Canadian spaceport in the east of the country.
19 November 2021
Tourist tax revenues in Mykolaiv region grew twofold
Over the 2021 tourist season, tourist tax revenues in Mykolaiv region grew twofold compared with last year - from UAH 2.8 million to UAH 5.42 million.
Milk production in Ukraine down 6% - AMP
In January-October 2021, milk production in Ukraine decreased by 6%, to 7.528 million tonnes, Ukrinform reports, referring to the Association of Milk Producers (AMP).
Ukraine harvests over 10.3M tonnes of sugar beets
In Ukraine, 10.3 million tonnes of sugar beets were gathered from 217.9 thousand ha (96% of projected area), with a yield capacity being 470.7 centner/ha, according to the Ministry of Agrarian Policy and Food of Ukraine.
Ukraine to export 60M tonnes of grain – economy ministry
Ukraine intends to export more than 60 million tonnes of grain in the 2021/2022 marketing year, the Ukrainian Economy Ministry's press service has reported.
Shmyhal: UAH 16.3B transferred to repay debt to RES producers
As of November 19, 2021, SE Guaranteed Buyer has directed UAH 16.3 billion to repay its debt to producers of renewable energy sources (RES).
Ukraine's PM calls on U.S. Senate to impose sanctions on Nord Stream 2
Ukrainian Prime Minister Denys Shmyhal has called on the U.S. Senate to impose sanctions on Russia's Nord Stream 2 gas pipeline.
Parliament updates law on insurance
The Verkhovna Rada of Ukraine has approved the draft law “On Insurance” at first reading.
18 November 2021
Shmyhal, Dombrovskis discuss ways to strengthen trade, economic cooperation
Ukrainian Prime Minister Denys Shmyhal and Executive Vice President of the European Commission Valdis Dombrovskis have discussed the further development of relations and the strengthening of trade and economic cooperation between Ukraine and the European Union.
Ukraine, EU agree on next steps to implement Common Aviation Area Agreement
Ukraine and the EU have agreed on the next steps to implement the Common Aviation Area Agreement and touched upon the removal of trade barriers.
Ukraine, Moldova discuss synchronization with ENTSO-E, security of gas supply
Ukraine's Energy Minister German Galushchenko has met with Moldova's Deputy Prime Minister and Minister of Infrastructure and Regional Development Andrei Spinu to discuss the synchronization of the two countries' power systems with the European network ENTSO-E, the Ukrainian Energy Ministry's press service has reported.
Parliament plans to allocate additional UAH 2.5B for roads, infrastructure projects
The Verkhovna Rada of Ukraine intends to amend the state budget for 2021 and envisage additional expenditures on social issues and infrastructure projects.
Deposit Guarantee Fund paid UAH 50M to depositors of insolvent banks in October
The Deposit Guarantee Fund paid UAH 49.8 million to depositors of insolvent banks in October 2021, according to the Fund’s press service.
Parliament plans to unite Pension Fund and Social Insurance Fund
The Verkhovna Rada of Ukraine has approved bill No.3663 “On Amendments to the Law of Ukraine ‘On Compulsory State Social Insurance’ (new edition) and other legislative acts of Ukraine”.