Vinnytsia region produces 140,000 t of sugar
The Vinnytsia region’s sugar refineries have already produced 140,000 tonnes of sugar.
Economy - Latest news
25 October 2024
Over 3.3M tons of grain harvested in Vinnytsia region
As of October 25, Vinnytsia agrarians have harvested over 3.3 million tons of grain, having collected crops from 87% of the sown area.
Ukrzaliznytsia expects to increase freight traffic volumes by 15% in 2024
In 2024, Ukrzaliznytsia JSC will transport 175 million tonnes of goods, which is 15% higher compared to last year’s results.
Ukraine accumulates sufficient fuel reserves for winter – Ministry of Energy
Ukrainian energy specialists have accumulated enough fuel and lubricants ahead of the heating season.
Small privatization generates about UAH 9.58B for Ukraine’s state budget over two years
The total economic effect of the small privatization of state-owned assets has reached UAH 9.58 billion over the past two years.
Auchan supermarket chain sells its Russian branch
The owners of the Auchan supermarket chain have found a buyer for their branch in Russia, as they can no longer resist European sanctions.
24 October 2024
IMF chief: Ukraine’s performance remarkable, but more needs to be done
Despite the ongoing war and Russia’s intensified attacks, Ukrainian authorities have done an amazing job to steer the economy very effectively. At the same time, more needs to be done, namely with regard to domestic revenue mobilization.
Russian strikes on Ukraine’s energy objects decrease GDP growth rate – German economist
Russian strikes on Ukraine’s power generating facilities have reduced the country’s gross domestic product (GDP) growth rate but failed to prevent it from increasing.
Poltava region produces more than 3,000 t of honey annually
More than 3,000 tonnes of honey is produced in the Poltava region annually, which is 5% of Ukraine’s total honey output.
Poland ready to provide extra energy supplies to Ukraine in winter – diplomat
In the challenging winter season, Warsaw is ready to provide additional electricity volumes to the Ukrainian side, namely from its own coal power plants.
More than 130,000 t of sugar produced in Ternopil region
The Ternopil region’s sugar refineries have produced more than 130,000 tonnes of sugar.
Experimental cotton harvesting campaign near completion in Ukraine
Ukrainian farmers are finishing the harvesting of cotton, which was sown in the Odesa-based trial fields, totaling more than 5 hectares in area.
IMF expects Ukraine’s public debt to exceed 100% of GDP in 2025
In 2025, Ukraine’s public debt is expected to exceed 100% of gross domestic product (GDP).
23 October 2024
Profits from Russian assets to cover Ukraine’s vital financial needs - PM Shmyhal
Funds received from the USA, as well as other G7 countries and the EU in the amount of $50 billion, will aim to address Ukraine’s most important financial needs in 2025.
G7 loan for Ukraine: U.S. allocating $20B
The U.S. government has agreed to allocate a $20 billion share of a larger G7 loan for Ukraine, which will be secured with the frozen Russian assets.
EU finally approves EUR 35B macro-financial loan for Ukraine
On October 23, the EU Council finally approved, under a written procedure, a macro-financial loan of 35 billion euros to Ukraine, which will be paid and serviced from the extraordinary proceeds of Russian assets frozen in the EU.
Sybiha: Ukraine has strategic edge in defense tech as it can immediately test new products on frontlines
Ukraine is currently at the forefront of developing its military-industrial complex and enjoys a strategic advantage, which reflects in the ability to immediately test freshly-manufactured defense products on the battlefield.
Ukraine receives nearly $1.1B from IMF - PM Shmyhal
About $1.1 billion from the IMF has already reached the Ukrainian budget.
FM Sybiha at SAHA EXPO 2024 calls on Turkish companies to invest in Ukraine’s defense industry
At the International Defence & Aerospace Exhibition SAHA EXPO 2024, taking place in Istanbul, Ukrainian Foreign Affairs Minister Andrii Sybiha held negotiations with high-ranking officials of Türkiye’s government and Armed Forces, as well as the heads of defense industry companies.
IMF expects Ukraine’s economic growth of 3.0% in 2024
The International Monetary Fund (IMF) expects that Ukraine’s economy will show a rise of 3.0% in 2024 and decline to 2.5% in 2025.
New industrial park to be created in Chernivtsi – PM Shmyhal
The Cabinet of Ministers has decided to create an industrial park in Chernivtsi.
Energy ministry, UN delegation discuss support for Ukraine’s energy system
Ukraine’s Energy Deputy Ministers, Roman Andarak and Mykola Kolisnyk, have held a meeting with a delegation of the United Nations, led by United Nations Under-Secretary-General and UNDP Associate Administrator Haoliang Xu.
22 October 2024
Naftogaz Trading signs contracts with more than 6,000 non-domestic consumers
Naftogaz Trading Gas Supply Company LLC, supplying gas to district heating providers, state-financed entities and religious organizations, has signed gas supply contracts with more than 6,000 consumers for the duration of the heating season.
European Parliament approves EUR 35B loan to Ukraine backed by frozen Russian assets
The European Parliament has endorsed a resolution on establishing the Ukraine Loan Cooperation Mechanism and providing exceptional macro-financial assistance.
Ukraine, France sign agreement on EUR 200M in grant assistance
First Vice Prime Minister and Minister of Economy of Ukraine Yulia Svyrydenko and Ambassador Extraordinary and Plenipotentiary of the French Republic to Ukraine Gaël Veyssière have signed the Implementation Agreement on the EUR 200 million Grant Agreement between the two governments.
UK announces $2.93B loan to Ukraine backed by profits from frozen Russian assets
The United Kingdom has announced a £2.26 billion (about $2.93 billion - ed.) loan to Ukraine backed by profits from sanctioned Russian sovereign assets.
Zelensky's Office: Kremlin using fake transit scheme to get sanctioned goods from EU
The Kremlin exploits a false transit scheme that allows the supply of sanctioned goods from EU countries destined for Central Asia and the Caucasus region.
21 October 2024
Resumption of Russian attacks on Ukrainian ports has led to 6% increase in wheat prices - UN Security Council
The UN has noted a rise in grain prices on world markets due to renewed Russian attacks on Ukraine's Black Sea ports.
Defense microelectronics plant in Bryansk halts production following drone attack
As a result of the drone attack on the Kremniy EL microelectronics factory in Bryansk, production was put to a halt due to power supply disruptions and interrupted technological chains.
IAEA extends mission at Ukrainian NPP’s power substation
The International Atomic Energy Agency has prolonged its mission at one of the Ukrainian high-voltage substations critical for nuclear safety.