Economy ministry: Ukraine’s GDP up by 4.3% in Apr 2024
As estimated by the Ukrainian Economy Ministry, Ukraine’s gross domestic product (GDP) growth rate reached about 4.3% in April 2024 compared to the same period last year.
Economy - Latest news
23 May 2024
22 May 2024
U.S. provides 10 generators to Ukrainian agricultural enterprises
The United States has provided Ukraine with 10 generators to support six agricultural enterprises across the country.
Germany ready to transfer revenues from frozen Russian assets to Ukraine - Reuters
Germany is ready to quickly redirect revenues from frozen Russian assets to Ukraine.
Zelensky: Mozambique can be link in supply of grain to Africa
Ukrainian President Volodymyr Zelensky has said in a phone call with Mozambican President Filipe Nyusi that Mozambique can be an important logistical link in the supply of Ukrainian food to other African countries.
Ukraine's budget received about EUR 50B thanks to Solidarity Lanes - European Commission
The EU's Solidarity Corridors have helped export Ukrainian goods to the European and global markets for two years and generated about EUR 50 billion in income for Ukraine's economy.
Ukraine's parliament passes law on single roaming zone with EU
The Verkhovna Rada has adopted Bill No. 10265 on a single roaming zone with the European Union at second reading.
UK intelligence assesses potential for Ukraine's economic recovery
High levels of exports demonstrate Ukraine's ability to export products through its shipping corridor in the Black Sea, contributing to the recovery of the Ukrainian economy in 2024.
Parliament introduces moratorium on bankruptcy of state-owned critical infrastructure facilities
The Verkhovna Rada of Ukraine has adopted a law on the settlement of disputes concerning state ownership of state-owned critical infrastructure facilities.
Ukrtatnafta’s shareholders to establish independent supervisory board
Naftogaz of Ukraine NJSC and the Ukrainian Defense Ministry have launched the procedure for establishing an independent supervisory board of Ukrtatnafta PJSC.
Over 48,000 individual enterprises registered by Ukrainians in Poland in past two years
A total of 48,464 individual enterprises have been registered by Ukrainians in Poland over the past two years.
Ukraine Energy Support Fund exceeds EUR 438M
As of May 21, 2024, the amount of contributions, announced and already transferred to the Ukraine Energy Support Fund, reached more than EUR 438 million.
21 May 2024
Galushchenko, Baerbock visit thermal power plant destroyed by Russian missiles
Ukrainian Energy Minister German Galushchenko has demonstrated to German Foreign Minister Annalena Baerbock the extent of the damage caused to Ukraine's largest thermal power plant by Russia’s extensive missile strike.
Ukrainians in Poland try to register businesses that require least amount of money
Ukrainians usually try to start a business in Poland that requires the least amount of money to purchase fixed assets, mostly services and online trading.
More than 1,600 developments registered on Brave1 platform – Digital Transformation Ministry
The Brave1 defense tech cluster, which was created at the initiative of the Ukrainian Digital Transformation Ministry in cooperation with defense agencies and the National Security and Defense Council of Ukraine a year ago, has significantly accelerated the supply of technologies to the front. Today, more than 1,600 developments and 1,000 producers have already been registered on the platform.
20 May 2024
IAEA investigation finds no indications of nuclear material misuse in Ukraine
The IAEA's impartial investigation confirmed that no nuclear material had been diverted in Ukraine.
Grid operator comments on blackout prospects across Ukraine
Warmer weather has reduced electricity consumption across Ukraine, but the power network operator will not be able to avoid shutdowns in the near future.
19 May 2024
Danone completes sale of its assets and leaves Russia
Food giant Danone has announced that it has completed the sale of its assets and is winding down its operations in Russia, which accounted for about 5% of the company's global sales and where it had been operating for more than 30 years.
U.S. to push G7 on bond for Ukraine backed by frozen Russian asset profits - Reuters
U.S. Treasury Secretary Janet Yellen will push fellow G7 finance officials next week to agree to a plan to bring forward the interest earnings on frozen Russian assets to provide more money to Ukraine quickly, a senior U.S. Treasury official said on May 17.
18 May 2024
Naftogaz put into service seven new wells since early 2024 – PM
This year Naftogaz Group’s goal is to reach about 15 billion cubic meters of natural gas in production volumes.
Economy ministry: Chilean businesses show interest in investing in Ukraine
The main areas of interest to Chilean partners are mining, especially cooperation in critical materials, agriculture and processing industry.
17 May 2024
Ukraine's energy sector has lost significant part of generation - Zelensky
The Ukrainian energy sector has lost a significant part of its generation, and there is a need for rational electricity consumption again.
Energy autonomy: Shmyhal sets tasks for all ministries
Providing energy autonomy, generators or solar panels to medical and social welfare facilities should become a major task for each ministry in Ukraine.
Ukraine nationalises two Russian passenger planes
The High Anti-Corruption Court upheld the claim of the Ministry of Justice of Ukraine and confiscated two Russian passenger aircraft owned by the Rostec Corporation.
Govt allocates UAH 1.5B to rebuild thermal power plants in Kyiv, Kharkiv regions
The Cabinet of Ministers of Ukraine has decided to allocate more than UAH 1.5 billion for the restoration and reconstruction of the Zmiivska thermal power plant in the Kharkiv region and the Trypilska thermal power plant in the Kyiv region.
G7 ambassadors, Ukraine's finance minister discuss economic situation, civil servant salaries
The ambassadors of the G7 countries have met with Ukrainian Finance Minister Sergii Marchenko to discuss the current macroeconomic situation, the civil service reform and the salaries of civil servants.
UN experts foresee moderate growth of Ukrainian economy in 2024
UN experts believe Ukraine’s economy will show moderate growth in 2024 after it climbed 5.3% last year.
EBRD assistance to Ukraine reached almost EUR 4B since Feb 2022 – Finance Ministry
Since the beginning of Russia's full-scale invasion, the European Bank for Reconstruction and Development's (EBRD) assistance to Ukraine has reached almost EUR 4 billion.
Blackout schedule in Ukraine may ease next week - grid operator
As warmer weather is expected to come to Ukraine next week, the situation of the country’s power system may improve, but deficit periods will emerge in place for a long time.
UK intel believes Ukraine’s economy likely to grow by around 3% in 2024
Ukraine’s economy remains resilient after two years of Russia’s invasion, and the country is likely to see real economic growth of around 3% in 2024.
Fedorov, Blinken visit drone production facility in Ukraine
Ukrainian Deputy Prime Minister for Innovation, Education, Science and Technology Development - Digital Transformation Minister Mykhailo Fedorov and U.S. Secretary of State Antony Blinken have discussed the peculiarities of drone production.