State Property Fund schedules first large privatization auctions
The Ukrainian State Property Fund has announced the dates for auctions to sell such objects as Ukraine Hotel and United Mining and Chemical Company (UMCC).
Economy - Latest news
17 July 2024
16 July 2024
New import laws to ensure energy sustainability of businesses and citizens - Shmyhal
Bills No. 11258 and No. 11259 approved by the Verkhovna Rada will ensure the energy sustainability of enterprises and households.
Ukraine's finance minister meets with IMF mission chief
Ukrainian Finance Minister Sergii Marchenko and IMF Mission Chief for Ukraine Gavin Gray have discussed preparations for the fifth review of the four-year program of the Extended Fund Facility (EFF) and budget financing in 2024 and 2025.
Kyiv delivers on all Q2 commitments under Ukraine Facility - economy ministry
Ukraine has taken all the necessary actions to fulfill the indicators designated for the second quarter of 2024, laid down in Ukraine’s Plan within the framework of the EU’s Ukraine Facility, and sent the European Commission a corresponding motion to receive EUR 4.1 billion.
Production of rifles, cartridges: Ukraine, Czechia sign deals
As part of joint intergovernmental consultations, the governments of Ukraine and the Czech Republic signed a number of agreements, including on the construction of a new cartridge factory in Ukraine and on the manufacture of assault rifles.
Defense industry launches integration into defense structures of U.S., NATO - Ministry of Strategic Industries
Oleksandr Kamyshin, Minister of Strategic Industries of Ukraine, summarized the results of his trip to the United States of America, where the Ukrainian delegation took part in the NATO Summit and held a number of bilateral meetings with American defense companies.
Odesa region one of leaders among cherry suppliers this year
This year, 10 thousand tons of sweet cherries were harvested in the Odesa region - the region was among the main suppliers in Ukraine.
Hydro power plants operating as scheduled despite heat wave – Ukrhydroenergo
Despite the hot temperatures, Ukrainian hydro power plants continue to operate as scheduled.
15 July 2024
UK, EU to strengthen inspections of Russia’s dark fleet of tankers - media
Britain plans to appeal to several European countries to take action against the so-called dark fleet of oil tankers used by Russia to evade international sanctions.
Ukraine may soon use up quotas for duty-free trade with EU in honey, corn, chicken - European Commission
Ukraine, against whose exports of sugar, eggs and oats to the EU, protective measures have already been introduced, in accordance with the updated Autonomous Trade Measures (ATM), is about to use up the limits of duty-free trade with the EU and other types of agricultural products, which means that soon Ukraine will reach the limit in duty-free trade with the EU in honey, corn, and chicken.
Caterpillar equipment being supplied to Russia in circumvention of sanctions - media
American-made Caterpillar heavy equipment is supplied to Russia by the official dealer - the UK-based company Vostochnaya Technica, despite Caterpillar’s withdrawal from Russia, and in evasion of U.S. and UK sanctions.
Russia increases domestic gas prices due loss of EU market - British intelligence
The Russian regime was forced to raise domestic gas prices due to the loss of exports to the European Union after the start of the war against Ukraine.
PM Shmyhal discusses Ukraine’s needs with World Bank delegation
Prime Minister Denys Shmyhal met with the World Bank delegation headed by Executive Director Eugene Rhuggenaath to discuss Ukraine's needs and cooperation priorities.
14 July 2024
Austria donates EUR 153M to Ukraine via European Peace Facility in 2023
Last year, neutral Austria contributed nearly EUR 153.5 million to the European Peace Facility, through which a total of EUR 5.5 billion euros was allocated to Ukraine. The Austrian donation was spent on the needs unrelated to arms and ammunition supply.
Ukraine currently not exporting electricity - energy ministry
No electricity is being exported from Ukraine and the government has no plans to this end so far.
Ukrenergo will buy electricity in advance from businesses that will build distributed generation - Kudrytskyi
NPC Ukrenergo will procure power system support services in advance from distributed generation facilities under construction.
13 July 2024
Ukraine’s energy minister talks with EBRD of upping aid to distributed generation
Minister of Energy German Galushchenko held a meeting with the delegation from the European Bank for Reconstruction and Development, headed by Managing Director for Ukraine and Moldova, Arvid Türkner.
Ukraine exported 57.5 M tonnes of grains and oilseeds in 2023/2024 MY
In the marketing season 2023/2024, which ended on 30 June 2024, Ukraine exported 57.5 M tonnes of grains and oilseeds.
More than 8M tonnes of grain already threshed across Ukraine
As of July 12, 2024, more than 8.3 million tonnes of grain and leguminous crops were threshed from over 2.4 million hectares across Ukraine.
12 July 2024
Dutch company fined for participating in Crimea bridge construction
In the Netherlands, construction equipment supplier Dieseko Group BV, which illegally participated in the construction of the Crimea bridge, was fined almost EUR 1.8 million.
Ukraine can additionally generate up to UAH 500B per annum through deshadowing – Hetmantsev
The potential effect of deshadowing on the annual budget revenues is UAH 500 billion.
11 July 2024
Developers set exchange rate of UAH 45-47 for U.S. dollar in cost of new construction – expert’s opinion
The cost of residential objects, whose construction is starting in the second quarter, is based on the exchange rate of UAH 45-47 for the U.S. dollar.
Ukraine, Slovakia presidents talk prospects of joint energy projects
On the sidelines of the NATO Summit in Washington, Ukrainian President Volodymyr Zelensky held a meeting with the new President of the Slovak Republic, Peter Pellegrini.
NBU delegation travels to Moldova to meet with IMF and World Bank officials
The National Bank’s delegation led by NBU Governor Andriy Pyshnyi will participate in a meeting of the regional group of countries of the International Monetary Fund and the World Bank Group to be held in Chisinau, Moldova.
Inflation in Ukraine accelerated to 2.2% in June - SSS
In June 2024, inflation in Ukraine's consumer market was 2.2% compared to May; a month ago, consumer prices rose by 0.6% compared to April.
10 July 2024
Denmark to be first NATO country to directly fund Ukrainian arms and ammunition production
Denmark is the first NATO country to directly fund Ukrainian arms and ammunition production.
Portugal pledges EUR 220M in aid to Ukraine this year and next
Portugal plans to allocate EUR 220 million in assistance for Ukraine in 2024 and the same amount in 2025.
Minister Galushchenko, Swedish ambassador discuss procurement of distributed power generation equipment
Ukrainian Energy Minister German Galushchenko and Ambassador Extraordinary and Plenipotentiary of Sweden to Ukraine Martin Åberg have discussed the various aspects of purchasing distributed power generation equipment for one of regions of Ukraine.
09 July 2024
Methodology for determining country of origin of grain to be finalized by end of August - Agrarian Policy Ministry
By the end of August, the UK Ministry of Agriculture is expected to finalize a methodology for verifying grain originating in Ukraine, which will allow determining whether Russians are transporting stolen grain from Ukrainian territories for sale under the guise of their own.
Slovakia is not ready to lift ban on imports of Ukrainian agricultural products - Fico
During his first trip outside Bratislava after the assassination attempt, Prime Minister Robert Fico said that Slovakia is not ready to lift the ban on imports of agricultural products from Ukraine.