Over 40 countries, including Ukraine, pledge to quit coal
More than 40 countries, including Ukraine, have agreed to phase out their use of coal-fired power, the dirtiest fuel source, at the COP26 climate summit in Glasgow, according to The Guardian.
Economy - Latest news
04 November 2021
03 November 2021
U.S. welcomes Ukraine's joining Global Methane Pledge
The U.S. Embassy in Ukraine has welcomed Ukraine's joining the Global Methane Pledge, which aims to cut methane emissions by at least 30% from 2020 levels by 2030.
Gas reserves in Ukraine’s USFs stand at 18.1 bcm - Naftogaz
As of November 3, natural gas reserves in underground gas storage facilities (USFs) across the country amount to 18.1 billion cubic meters, while nearly 800 million cubic meters have been pumped out since the start of October.
Ukrainian ambassador calls Nord Stream 2 'a stab in Ukraine's back'
Ukraine is shocked by Germany's latest steps in the Nord Stream 2 gas pipeline issue and is not going to put up with the fact that the pipeline will still be put into operation.
Gov’t should reduce presence in banking system to 25% - finance ministry
The main goal of the Ministry of Finance remains to reduce the government’s share in the banking system to below 25% in 2025.
Finance Ministry places government bonds for UAH 6.7B
The Ukrainian Ministry of Finance raised UAH 6.66 billion to the state budget at an auction for the placement of domestic government bonds, according to the ministry's press service.
Belarus starts supplying electricity to Ukraine under emergency assistance
On November 2, Belarus resumed electricity supplies to Ukraine, Ukrinform reports, referring to the website of the Ministry of Energy of Belarus.
02 November 2021
Ukrainian parliament approves draft state budget for 2022 at first reading
The Verkhovna Rada, Ukraine's parliament, has adopted resolution No. 6000-P "On Conclusions and Proposals to the Draft Law of Ukraine on the State Budget of Ukraine for 2022," which means the bill on Ukraine's state budget for next year is considered adopted at first reading.
Ukraine PM says electricity imports from Belarus not ruled out
Ukraine’s Prime Minister Denys Shmyhal says he doesn’t rule out imports of a certain share of electricity from Belarus under certain weather conditions.
Zelensky says Ukraine should deepen partnership with India
On the sidelines of the COP 26 UN Climate Change Conference in Glasgow, President of Ukraine Volodymyr Zelensky and Prime Minister of India Narendra Modi have discussed cooperation between the countries in the military-technical sphere and aircraft construction.
Sugar prices increased twofold in Ukraine over year
Average consumer prices for sugar grew to UAH 28.69 per kilogram in Ukraine in September 2021 compared with UAH 14.94 per kilogram in September 2020.
Ukraine’s grain exports exceeded 19.4M tonnes
Ukraine has exported 19.410 million tonnes of grain and leguminous crops so far in the current marketing year (MY, started on July 1, 2021), which is 2.865 million tonnes more than in the same period last year, according to the Ministry of Agrarian Policy and Food.
Ukrnafta paid more than UAH 10B in taxes in Jan-Sept 2021
PJSC Ukrnafta paid UAH 10.1 billion in taxes to the budgets of all levels in January-September 2021, Ukrinform reports, referring to the company’s press service.
Problem loans in Ukrainian banks shrank by UAH 56B - NBU
In January-September 2021, the volume of problem loans in Ukrainian banks shrank by UAH 56 billion.
SFGCU renewing program of forward contracts
JSC State Food and Grain Corporation of Ukraine is launching an autumn program of cereal purchase from the 2022 harvest, including as regards 3rd class wheat and barley grain, with the minimum batch to be delivered set at 100 tonnes.
Ukraine’s electricity exports grew 3.1 times last week - Ukrenergo
Ukraine’s electricity exports totaled 61.7 million kWh between October 25 and October 31, 2021, which is 3.1 times more than in the previous week, Ukrinform reports, referring to the press service of NEC Ukrenergo.
Money transfers to Ukraine exceeded $10B since year-start
In January-September 2021, the amount of money transfers to Ukraine amounted to $10.339 billion.
Ukraine, Chile interested in concluding free trade agreement – Economy Ministry
Ukraine aims to deepen bilateral cooperation with Chile in the trade and economic sector by concluding a free trade agreement (FTA), Ukrinform reports, referring of the Economy Ministry’s press service.
Zelensky says Ukraine intends to cut greenhouse gas emissions by 65% by 2030
Ukraine’s goal is to reduce greenhouse gas emissions by 65% by 2030 and to achieve climate neutrality by 2060.
01 November 2021
Ukrnafta receives almost UAH 4.2B in net profit in Jan-Sept 2021
In January-September 2021, PJSC Ukrnafta received a net profit of UAH 4.153 billion, compared to a loss of UAH 3.09 billion for the same period in 2020.
Businesses downgraded their optimistic views for performance outlook – NBU
In October 2021, businesses downgraded their positive views about their economic outlook.
Gazprom cuts gas transit via Ukraine to almost half of contracted volume – Gas TSO chief
From November 1, Russia's energy monopoly Gazprom has reduced daily gas shipments to the European Union through Ukraine’s gas transmission system to 57 million cubic meters, while the existing transit contract provides for the daily volume of 109 mcm.
Ukraine, Kazakhstan agreed to enhance military cooperation
Ukraine and Kazakhstan have agreed to enhance military cooperation, in particular in the areas of military education, aircraft repair and ammunition disposal.
Banks provided UAH 1.37B under Affordable Loans program last week
Last week authorized banks issued 326 loans for a total sum of UAH 1.37 billion under the government’s program “Affordable Loans at 5-7-9%", Ukrinform reports, referring to the Finance Ministry’s press service.
Ukraine’s rookie carrier Air Ocean Airlines makes its first flight
On October 30, 2021, Ukraine’s new air carrier Air Ocean Airlines operated its first regional flight on route Kyiv-Mykolayiv on an An-148 jet aircraft.
Ukravtogaz reduces CNG price from Nov 1
From November 1, the price of compressed natural gas (CNG) in the network of Ukravtogaz, a subsidiary of NJSC Naftogaz of Ukraine, will be reduced by more than UAH 2 to UAH 39.60 per cubic meter, Ukrinform reports, referring to the company’s press service.
U.S. should impose sanctions on NS2 operator until Russia stops manipulating gas flows - Vitrenko
The United States needs to impose sanctions on the Nord Stream 2 operator until Russia stops manipulating natural gas flows for harmful political purposes, according to Yuriy Vitrenko, CEO of Naftogaz of Ukraine.
Profit of Ukrainian banks exceeded UAH 51B in Jan-Sept 2021 – NBU
In January-September 2021, Ukrainian solvent banks received UAH 51.4 billion in net profit, which is 37% more than in the same period last year, Ukrinform reports, referring to the press service of the National Bank of Ukraine (NBU).
NBU purchased $54.5M on interbank foreign exchange market last week
The National Bank of Ukraine (NBU) purchased $54.5 million on the interbank foreign exchange market last week, Ukrinform reports, referring to data provided by the central bank.
Ukraine will continue to help Moldova with energy supplies – Zelensky
President of Ukraine Volodymyr Zelensky and President of the Republic of Moldova Maya Sandu have discussed issue of energy security.