Slovianska TPP put to halt after exhausting coal reserves
Amid the lack of anthracite coal, Slovianska TPP, owned by Donbasenergo, stopped power generation on October 23.
Economy - Latest news
23 October 2021
Ukraine to offer Europe additional gas transit volumes – from 55 bln cu m a year
The National Security and Defense Council instructed the Cabinet of Ministers to examine a possibility of supplying Europe with additional 55 billion cubic meters of gas a year at least.
Zelensky: We are witnessing artificial crisis created by Russia against Europe
Russia has orchestrated a gas crisis in Europe by using energy supplies for blackmail, Ukrainian President Volodymyr Zelensky has said.
22 October 2021
Almost 300 credit unions operating in Ukraine – NBU governor
The number of credit unions in Ukraine reached 289 as of the beginning of October 2021, according to Governor of the National Bank of Ukraine (NBU) Kyrylo Shevchenko.
Ukraine among seven world’s largest exporters of raspberries
Ukraine is among the seven world’s largest exporters of raspberries, with a share of about 3% of world exports, Ukrinform reports, referring to the ЕastFruit platform for fruit and vegetable business.
Over 56M tonnes of grain already harvested in Ukraine - agrarian ministry
Ukraine’s farmers have harvested cereals and legumes off 12.2 million hectares, or 76% of the target area, while 6.3 million tonnes of grain has been threshed.
Ukraine will cooperate with Moldova on natural gas supply - Kuleba
Ukraine will continue to cooperate with Moldova on natural gas supply, Ukrainian Foreign Minister Dmytro Kuleba has said.
Lithuanian president calls for Ukraine's integration into EU's single market
Lithuanian President Gitanas Nauseda has said that the European Union should give a European perspective to Ukraine, Georgia and Moldova, including by offering the possibility of their full integration into the EU's single market.
Shortage of coal in warehouses to be covered with imports – energy minister
Minister of Energy German Galushchenko has said that the shortage of coal in the warehouses of Ukrainian thermal power plants and combined heat and power plants will be covered with imports.
Banks provided UAH 6.1B of loans under state guarantees – Finance Ministry
As of October 1, 2021, ten banks provided loans for a total sum of UAH 6.1 billion under state guarantees on a portfolio basis, Ukrinform reports, referring to the Finance Ministry’s press service.
21 October 2021
Ukraine, Czech Republic to cooperate in digitalization
During the meeting with Deputy Minister of Industry and Trade of the Czech Republic Silvana Jirotková, Deputy Minister of Digital Transformation of Ukraine for European Integration Valeria Ionan presented the ecosystem of Diia projects.
Central bank forecasts inflation at 9.6% in 2021
The National Bank of Ukraine keeps the inflation forecast for 2021 at 9.6%.
NBU projects discount rate at 7.5% by the end of 2022
The National Bank of Ukraine (NBU) projects that the discount rate will decrease more gradually over the next year than expected, and will total 7.5% at the end of 2022.
Parliament approves law on energy efficiency
The Verkhovna Rada of Ukraine has adopted law No.4507 "On energy efficiency".
Maasikas: Ukraine needs to de-oligarchize electricity market
Ukraine has widely implemented EU requirements in the gas area but much remains to be done to secure the electricity market, including its de-oligarchization.
NBU expects Ukraine to receive $700M tranche from IMF by year-end
The National Bank of Ukraine (NBU) expects that Ukraine will receive a $700 million tranche from the International Monetary Fund (IMF) by the end of the year.
NBU worsens outlook for GDP growth
The National Bank has downgraded its economic growth forecast for 2021 from 3.8% to 3.1%.
NBU keeps main interest rate unchanged
The National Bank of Ukraine has decided to leave its main interest rate unchanged at 8.5%.
Ukraine’s grain exports reach almost 17M tonnes
Since the beginning of the current marketing year (MY, started on July 1, 2021), Ukraine has exported 16.954 million tonnes of grain and leguminous crops, which is 2.152 million tonnes more than in the same period last year, according to the Ministry of Agrarian Policy and Food.
Ukrnafta sold oil for UAH 2.1B at auction
PJSC Ukrnafta sold 118.7 thousand tonnes of oil for UAH 2.147 billion at an auction on October 20, 2021, Ukrinform reports, referring to the company’s press service.
Gas TSO of Ukraine applies for participation in Nord Stream 2 certification
Gas TSO of Ukraine, the country’s gas transmission system operator, applied to the German energy regulator (Bundesnetzagentur) to participate in the certification procedure for the Nord Stream 2 gas pipeline operator.
20 October 2021
PM Shmyhal: Only rapid spread of coronavirus can stop economic recovery
Ukraine's economy is actively recovering, and this process can be stopped only by one factor – the rapid spread of coronavirus.
Ukraine fully prepared for heating season – PM Shmyhal
Ukraine is fully prepared for the beginning of the heating season, Prime Minister Denys Shmyhal has said.
Ukraine decreases electricity imports by 966 times in September - Ukrenergo
In September 2021, Ukraine’s electricity exports decreased by 11.5%, to 304.3 million kWh compared with August 2021, imports dropped by 966 times, to 0.028 million kWh, Ukrinform reports, referring to the press service of NEC Ukrenergo.
MFA hopes for further growth of Saudi investments in promising sectors of Ukraine's economy
The Ministry of Foreign Affairs hopes for further growth of Saudi investments in promising sectors of Ukraine's economy.
Ukraine to export poultry meat to Georgia - MFA
The competent authorities of Ukraine and Georgia have agreed on the form of a certificate for the exports of poultry meat, offal and other poultry products from Ukraine to Georgia, Ukrinform reports, referring to the Ukrainian Ministry for Foreign Affairs.
Ukrainian parliament approves committee conclusions on 2022 state budget bill
The Verkhovna Rada has approved Resolution No. 6000-P "On Conclusions and Proposals to the Draft Law of Ukraine on the State Budget of Ukraine for 2022."
NBU: Cash in circulation exceeds UAH 592B
As of October 1, cash in circulation in Ukraine totaled UAH 592.2 billion, including 2.9 billion banknotes worth UAH 587.7 billion and 13.9 billion coins worth UAH 4.4 billion.
Ukrainian GTS ready to ensure long-term transit of gas to Europe - operator
The Ukrainian gas transmission system is ready to provide long-term gas transit to Europe but at the same time, a long-term contract is needed to maintain the system.
More than 1.1M tourists from Ukraine visited Antalya this year
Between January and September 2021, more than 1.1 million tourists from Ukraine visited Antalya Province.