On Monday, power outage schedules to be in effect throughout the day
Due to rising temperatures and increased electricity consumption, restrictions will be in effect throughout the day on Monday, June 8.
Economy - Latest news
08 July 2024
State Property Fund attracts over UAH 181M at privatization auctions this week
Ukraine's State Property Fund held eight auctions this week, selling UAH 181.6 million worth of objects.
07 July 2024
Power outage schedules on Sunday to be in effect until 3 p.m. - Ukrenergo
On Sunday, July 7, from 7:00 a.m. to 3:00 p.m., the power supply restriction schedules will not be in effect.
06 July 2024
Ukrenergo: Blackout schedules on Sunday to not apply from 7:00 a.m. to 3:00 p.m
On Sunday, July 7, from 7:00 a.m. to 3:00 p.m., power supply restriction schedules will not apply.
Ukrenergo reduces effect of power outage schedules on Saturday for another hour
On Saturday, July 6, Ukrenergo reduced the use of power outage schedules by another hour, with restrictions effective from 4 p.m.
Ukrenergo cancels power outage today until 15:00
On Saturday, July 6, the national power grid operator Ukrenergo canceled power outages across Ukraine until 15:00.
Power outage schedules to be in effect all day on Saturday
On Saturday, July 6, all regional power distribution companies will apply hourly power outage schedules from 00:00 to 24:00. From 17:00 to 22:00, restrictions for three groups of consumers will be in effect simultaneously.
Ukraine’s energy sector receives 184 humanitarian aid shipments from partners after March 22
Since March 22, 2024, as Russia resumed its massive attacks on Ukraine’s energy infrastructure, international partners have sent 184 humanitarian aid shipments to Ukrainian power engineers.
Ukrnafta begins to drill new oil well in western Ukraine
Ukrnafta PJSC has started to drill a new exploratory oil well in western Ukraine.
05 July 2024
Ukraine can produce up to 10 bcm of biogas from waste annually – Vysotskyi
Potentially, Ukraine can produce up to 10 billion cubic meters of biogas per annum, but this would require multibillion investments.
Ukraine, EU need to look for new agricultural cooperation model – Vysotskyi
One of the key tasks during negotiations on Ukraine’s accession to the European Union is to agree on a compromise model of interaction that will combine the benefits of Ukrainian and European agricultural sectors.
Ukraine's international reserves reach $37.9B as of July 1
Ukraine's international reserves decreased by 2.9% in June and reached USD 37.894 billion as of July 1, 2024.
Eighteen cogeneration plants from USAID ESP already connected across Ukraine
Eighteen out of 91 cogeneration plants, which were transferred to Ukrainian communities by the USAID Energy Security Project (ESP), have already been connected.
First episodes of animal removal from Askania Nova reserve resulted in UAH 60 million in damages
Four criminal proceedings have been registered over the illegal export of animals from the Askania Nova Biosphere Reserve, with the first episodes causing more than UAH 60 million in damages.
Galushchenko, Coleman discuss strengthening resilience of Ukraine’s energy system
Ukrainian Energy Minister German Galushchenko and United States Agency for International Development (USAID) Deputy Administrator Isobel Coleman have discussed strengthening the resilience of Ukraine’s energy system amid Russian attacks.
04 July 2024
Minister Galushchenko holds meeting with U.S. Secretary of Energy
As part of his working visit to the United States, Ukrainian Energy Minister German Galushchenko met with United States Secretary of Energy Jennifer Granholm.
03 July 2024
Zelensky: We do not want to extend gas contract with Russia so that it does not make money here
The Ukrainian side does not want to extend the gas contract with the Russian Federation because it does not want it to make money here.
Zhytomyr region’s entrepreneurs obtain over UAH 9B under Affordable Loans program
Small and medium-sized enterprises in the Zhytomyr region have obtained more than UAH 9 billion in loan funds since the government program ‘Affordable Loans at 5-7-9%’ was launched.
Finance Ministry places domestic government bonds for more than UAH 9.4B
On July 2, 2024, Ukraine’s Ministry of Finance raised UAH 9.409 billion to the state budget at an auction for the placement of domestic government bonds.
Naftogaz Group increases gas production volumes by 8% in H1 2024
In January-June 2024, Naftogaz Group increased gas production volumes by 8% compared to the same period last year.
02 July 2024
Zelensky: We fully choose volume of electricity imports agreed with EU
President Volodymyr Zelensky said that Ukraine fully chooses the volume of electricity imports agreed with the EU.
Transit of products across Hungarian border increased by 30% over year - OP
Transit of Ukrainian products across the Hungarian border increased by 30% over the year.
Zelensky: We are doing everything to increase electricity imports, and this should be a European solution
Ukraine is doing everything possible to increase electricity imports, and this should be a European solution.
EU reinstates duties on eggs and sugar from Ukraine
On July 2, the European Union reintroduced tariff quotas from the Deep and Comprehensive Free Trade Area (DCFTA) on imports of eggs and sugar from Ukraine.
Ukraine’s state budget receives $20.2B in financing in H1 2024
In January-June 2024, Ukraine’s state budget received USD 20.2 billion in financing, namely USD 13.8 billion in external financing and USD 6.4 billion from domestic government bonds.
World Bank appoints new country director for Ukraine and Moldova
The World Bank has appointed Bob Saum as the World Bank Country Director for Eastern Europe, based in Kyiv, overseeing the Bank’s programs in Ukraine and Moldova, effective July 1.
01 July 2024
Expert: 1.5 million builders needed to rebuild Ukraine in 5-10 years
Through its genocidal war, Russia has already destroyed more than 60 million square meters of housing in Ukraine.
Modernized Canada-Ukraine free trade agreement enters into force
The modernized free trade agreement between Ukraine and Canada has officially entered into force on July 1.
Government expects inflation to slow to 5.9% in 2027
The government has forecast that inflation in Ukraine will remain below 10.4% on an annual basis over the next two years, with a further slowing to 5.9% in 2027. This information is set out in the Budget Declaration for 2025-2027.
Government expects GDP to grow by 2.7% next year
The Cabinet of Ministers of Ukraine has approved the Budget Declaration for 2025-2027, which outlines a gradual economic recovery. In particular, GDP is expected to grow by 2.7% in 2025.