Ukraine needs $42B in budget support this year - IMF
Ukraine needs at least $42 billion in international aid for budget support this year in the context of Russia's ongoing war.
Economy - Latest news
18 April 2024
Ukraine's PM, IMF head discuss seizure of Russian assets
Ukrainian Prime Minister Denys Shmyhal and IMF Managing Director Kristalina Georgieva have discussed the seizure of Russian assets and their use for Ukraine's needs.
Energoatom, Holtec International sign agreement to produce SMR components in Ukraine
In accordance with the document signed in the presence of Ukrainian Energy Minister German Galushchenko between Energoatom National Nuclear Energy Generating Company of Ukraine and Holtec International, Ukraine will start the production of small modular reactor (SMR) components.
17 April 2024
Zelensky to World Bank: Ukraine needs efficient financial shield
Ukraine needs an efficient financial shield in its fight against Russian aggression.
Shmyhal offers World Bank president to sign memorandum on the development of housing market
Ukrainian Prime Minister Denys Shmyhal has discussed the situation in Ukraine's energy sector with World Bank President Ajay Banga and offered to sign a memorandum on the development of the housing market.
Shmyhal, Raimondo discuss strengthening of tech sanctions against Russia
Ukrainian Prime Minister Denys Shmyhal and U.S. Secretary of Commerce Gina Raimondo have discussed the tightening of sanctions against Russia, particularly in the field of high technologies.
Shmyhal at forum in US: Ukraine should become next destination for American investments
Prime Minister Denys Shmyhal has stated that American business leaders are interested in Ukraine, and it is in Ukraine's interest to become the next destination for US investments.
PM Shmyhal meets with American business representatives in Washington
Ukrainian Prime Minister Denys Shmyhal has held a meeting with American business representatives in Washington to discuss further support and assistance to Ukraine.
Ukraine’s general government gross debt may reach 94% of GDP in 2024 – IMF
The International Monetary Fund (IMF) expects that Ukraine’s general government gross debt may rise to 94% of GDP in 2024, which is lower than the previous forecast.
Russian occupiers not conduct all necessary repairs at Zaporizhzhia NPP – Energoatom
Necessary repairs and inspections are not conducted in full at Zaporizhzhia Nuclear Power Plant (NPP) due to the lack of competence among the personnel hired by Russian occupiers.
Marchenko discusses Ukraine's needs with IMF, European Commission leadership
Ukrainian Finance Minister Sergii Marchenko, while on a working visit to Washington, has held a series of meetings with the leadership of the International Monetary Fund and the European Commission as part of the Spring Meetings of the IMF and the World Bank Group to discuss Ukraine's urgent budgetary needs.
Finance Ministry places domestic government bonds for almost UAH 6.9B
On April 16, 2024, Ukraine’s Ministry of Finance raised UAH 6.875 billion to the state budget at an auction for the placement of domestic government bonds.
Galushchenko at EU energy ministers’ meeting: Russians want to achieve Ukraine’s complete blackout
Ukrainian Energy Minister German Galushchenko has attended an informal meeting of the EU energy ministers, dedicated to the development of energy infrastructure.
16 April 2024
Shmyhal at briefing with Pritzker: Ukraine creating most favorable investment climate
Ukraine is creating the most favorable investment climate to encourage potential investors.
Shmyhal meets with American business representatives in US to discuss investments
Prime Minister of Ukraine Denys Shmyhal met with American business representatives in the United States.
Shmyhal arrives in U.S. for IMF-World Bank meetings
Ukrainian Prime Minister Denys Shmyhal has arrived in the United States for the Spring Meetings of the International Monetary Fund and the World Bank.
IMF expects Ukraine’s economic growth of 3.2% in 2024
The International Monetary Fund (IMF) expects that Ukraine’s economy will show a rise of 3.2% in 2024 and 6.5% in 2025.
Ukrainian Finance Ministry delegation arrives in Washington for IMF-World Bank meetings
A delegation from the Ukrainian Finance Ministry has started a working visit to IMF and World Bank Spring Meetings in Washington.
U.S. provides about $23B in budget support to Ukraine since Russian invasion
The United States has provided about $23 billion in budget support to Ukraine since the beginning of the full-scale Russian invasion.
Made in Ukraine: Economy ministry, Mastercard sign memorandum of cooperation
The Ukrainian Economy Ministry and the global technology company, Mastercard, have signed a Memorandum of Cooperation related to the implementation of the ‘Made in Ukraine’ policy.
15 April 2024
European Commission endorses Ukraine Plan, pawing way for payments from EUR 50B fund
The European Commission has endorsed the Ukraine Plan, which is the basis for the implementation of the EU's EUR 50 billion Ukraine Facility for 2024-2027.
Netherlands to provide EUR 4.4B in additional aid to Ukraine
The Dutch government is planning to allocate almost EUR 4.4 billion in additional aid to Ukraine over the next two years.
14 April 2024
Ukraine, Slovakia sign memorandum on deepening cooperation in nuclear industry
Ukraine and Slovakia have signed a Memorandum on deepening cooperation in the nuclear industry.
13 April 2024
All reactors at Zaporizhzhia NPP in cold shutdown for first time since 2022 - IAEA
All six reactor units of Ukraine's Zaporizhzhia Nuclear Power Plant (ZNPP) are now in cold shutdown for the first time since late 2022 after unit 4 reached this operational state early on Saturday, April 13.
Government approves concept of state program on AI use in economic sectors
The Cabinet of Ministers of Ukraine has approved the concept of a state targeted scientific and technical program on the use of artificial intelligence technologies in priority sectors of the economy, for the period until 2026.
Ukraine’s energy system lost significant amount of generating capacity - Galushchenko
As a result of Russian attacks, Ukraine’s energy system has lost a significant amount of generating capacity. However, it remains balanced and stable.
Government willing to help communities attract EU funds for project implementation – PM Shmyhal
The Cabinet of Ministers of Ukraine is ready to help communities attract European Union funds for project implementation.
State Department announces U.S.-Ukraine Partnership Forum in Washington
The U.S. Department of State, USAID, and the Department of Commerce, in partnership with the Government of Ukraine and the U.S. Chamber of Commerce, will host the U.S.-Ukraine Partnership Forum (UPF) on April 17 at the U.S. Chamber of Commerce headquarters in Washington, DC.
Antonov becomes joint-stock company
Antonov State Enterprise has been converted into a joint-stock company, remaining the legal successor of the enterprise.
Ukraine, Montenegro agree on ‘transport visa-free regime’ for freight operations
From June 1, 2024, Ukraine and Montenegro are launching a ‘transport visa-free regime’. The two countries are also working to develop bus services.