Drone attack damages power facility in Sumy region - Ukrenergo
On the night of June 12, a Russian drone attack damaged a power facility in the Sumy region, leaving 14 settlements without electricity.
Economy - Latest news
12 June 2024
Finance Ministry places domestic government bonds for more than UAH 11.3B
On June 11, 2024, Ukraine’s Ministry of Finance raised UAH 11.355 billion to the state budget at an auction for the placement of domestic government bonds.
Chernyshov: Ukrainian market needs liberalization to grow energy production
To stimulate business and develop production capacity, the Ukrainian energy market needs to be liberalized wherever possible.
Business ready to build about 1 GW of generation - Kudrytskyi
According to NPC Ukrenergo, the business is ready to build about 1 GW of generation.
Switzerland donating CHF 10M for restoring Ukraine's railway infrastructure
In 2024, Switzerland will provide additional grant funds in the amount of 10 million Swiss francs for the restoration of Ukraine's railway infrastructure.
11 June 2024
EBRD to provide €25 million to restore water supply in Mykolaiv
Mykolaivvodokanal and the European Bank for Reconstruction and Development (EBRD) have signed an agreement to provide almost €25 million to restore the water supply in Mykolaiv.
Russian fuel can still enter Ukrainian market - expert
Liquefied natural gas is entering the Ukrainian market from Poland, and there are signs of Russian diesel fuel entering the market through Romania.
Reforms in Ukraine boost investor confidence - Estonian PM
Reforms help to increase and strengthen the confidence of foreign investors in Ukraine, and it is in the EU's interest that Ukraine succeeds.
Business support and economic recovery: Ukraine and Germany sign declaration
Ukraine and Germany have signed a declaration that will further develop the capacity for institutional development and implementation of corporate reform of the Entrepreneurship Development Fund.
Pritzker is in Berlin: US provides Ukraine with USD 824 million in energy support
The United States is providing USD 824 million to support Ukraine's energy infrastructure.
World Bank mobilises USD 42 billion to support Ukraine
The World Bank, together with partners and donors, has mobilised USD 42 billion in support of Ukraine under the PEACE initiative, of which more than USD 38 billion has already been disbursed in tranches.
EBRD to provide another billion euros to rebuild Ukraine's energy infrastructure
The European Bank for Reconstruction and Development will sign another agreement to allocate one billion euros to Ukraine for energy needs as part of the international conference on the restoration of Ukraine in Berlin.
EU establishing EUR 1.4B investment support program for Ukraine
The European Union is providing Ukraine with substantial financial assistance as part of the EUR 50 billion Facility for Ukraine, and at the same time, is signing the first agreements worth EUR 1.4 billion together with partner European banks to attract foreign capital investment to Ukraine.
Ukraine needs up to $30B in annual investments over next ten years – PM Shmyhal
Ukraine needs $10 to $30 billion in annual investments from partners over the next 10 years.
NBU adopts decisions to strengthen financing of energy reconstruction projects - Shmyhal
The National Bank of Ukraine has made decisions that will facilitate the development of lending for energy infrastructure reconstruction projects.
Ukraine, Norway to cooperate in energy sector
Minister of Energy German Galushchenko of Ukraine and the Minister of Trade and Industry of Norway, Cecilie Myrseth, have signed a memorandum on energy partnership.
Ukrainian, Japanese companies sign several cooperation memoranda
Ukraine and Japan will deepen cooperation in the field of infrastructure recovery, green recovery, energy, and agriculture.
NBU comes up with incentives for banks to invest in recovery projects
The National Bank of Ukraine adopted a set of decisions to stimulate the involvement of the banking sector in financing projects for Ukraine’s economic recovery.
Ukraine imports 24.8 thousand MWh of electricity on Monday
As of June 10, the planned volume of electricity imports to Ukraine is 24.8 thousand MWh, while no exports are planned.
Ukraine’s steel production up by almost a third
Since the beginning of the year, Ukraine’s metallurgical enterprises have increased steel production by 31.2% compared to the same period in 2023.
10 June 2024
Ukraine needs over $32B in foreign aid next year - Rada’s Finance Committee chair
In 2025, there remains a risk regarding the rhythm of foreign aid inflows and the ability to ensure full coverage of military expenditures.
Shmyhal outlines priorities within donor coordination platform
Predictable and consistent budget support, as well as the reconstruction of the energy sector, are the main priorities within the scope of the work of the Multilateral Donor Coordination Platform for Ukraine.
USAID AGRO to provide mineral fertilisers for farmers from frontline areas
The US government will provide free mineral fertilisers for field work in the 2024-2025 season for more than 3,300 Ukrainian agricultural producers from the frontline and de-occupied regions as part of the AGRI-Ukraine initiative.
UAH 1.4 billion has already been allocated to residents of Donetsk region under eRecovery programme
In Donetsk region, the owners of destroyed and damaged housing have already been allocated UAH 1.4 billion under the eRestoration programme.
Naftogaz signs number of agreements in Berlin
"Naftogaz" is signing a number of agreements in Berlin, in particular to decarbonise the Ukrainian energy sector.
Losses and damage to Ukraine's energy sector due to Russian shelling exceeded USD 56 billion - KSE
As of May 2024, losses and damages to Ukraine's energy sector as a result of Russia's full-scale invasion exceeded USD 56 billion.
Nearly 11,000 entrepreneurs received affordable loans since year-start
Since the beginning of 2024, nearly 10,900 entrepreneurs in Ukraine have received loans for a total sum of UAH 42.6 billion under the state program “Affordable Loans at 5-7-9%”.
Ukraine, Slovakia simplify procedure for opening bus routes
The Ministry for Communities, Territories and Infrastructure Development of Ukraine and the Ministry of Transport of Slovakia have agreed to simplify the procedure for opening international bus routes between the countries.
Ukraine’s sowing campaign: work completed on nearly 600K ha in Volyn region
Farmers across Ukraine’s Volyn region completed this year’s sowing campaign for spring grain and technical crops across 595,000 hectares.
Repairs completed at interstate power transmission line - operator
The interstate power transmission line, which had been recently shut off for scheduled repairs, resumed operation.