Ukraine has enough tools to speed up economic recovery - PM
The state has enough tools to accelerate economic recovery, with more than UAH 40 billion budgeted to stimulate this area.
Economy - Latest news
12 April 2024
PM: It is important to intensify cooperation with partners on decentralization of energy system
It is important to intensify cooperation with partners on decentralization of the energy system at the regional level
Attacks on Russian refineries may disrupt global oil markets - IEA
The International Energy Agency (IEA) has supported the United States' position that Ukrainian drone attacks on Russian oil refineries may disrupt global markets for petroleum products.
Ireland has already transferred over 235 tons of power equipment to Ukraine
Since the beginning of the full-scale invasion, the Ukrainian energy sector has received more than 235 tons of energy equipment from Irish partners.
Ukraine, Slovakia to hold business forum in autumn
The governments of Ukraine and Slovakia have agreed to hold a joint business forum in autumn this year.
Russians may want to make Zaporizhzhia NPP unserviceable – expert’s opinion
One of Russia’s plans regarding Zaporizhzhia Nuclear Power Plant (NPP) may be to make the facility unserviceable.
Economy ministry reveals details of updated Canada-Ukraine FTA
The ratification of the updated Canada-Ukraine Free Trade Agreement (CUFTA) by the Verkhovna Rada of Ukraine will improve economic and trade relations between the two countries.
US EXIM approves $156M loan for Ukrzaliznytsia to acquire 40 Wabtec diesel locomotives
The Export-Import Bank of the United States (US EXIM) has approved a $156.6 million loan to Ukrzaliznytsia JSC [Ukrainian Railways] to support the potential acquisition of 40 Wabtec diesel locomotives.
Economy ministry, IOM sign cooperation agreement
The Ukrainian Economy Ministry and the International Organisation for Migration (IOM), which is part of the United Nations System, have signed a cooperation agreement.
11 April 2024
Some electricity shortage may occur in peak evening hours after losing Trypilska TPP – Ukrenergo
As Trypilska Thermal Power Plant (TPP) was destroyed in Russia’s overnight attack, the capacity to cover consumer needs in the peak evening hours has reduced. Thus, some electricity shortage may occur in Ukraine’s energy system between 07:00 p.m. and 10:00 p.m.
Ukrenergo: Energy objects in five regions damaged in Russia’s overnight attack
On the night of April 11, 2024, Russian projectiles caused damage to substations and power generating facilities of Ukrenergo National Power Company in five regions.
Minister Strilets: Ukraine’s war-related environmental damage already exceeds UAH 2.4T
Ukraine’s war-related environmental losses have preliminarily been estimated at more than UAH 2.4 trillion.
10 April 2024
Number of European traders using Ukrainian GTS and storage facilities is growing - MoE
The number of European traders using Ukraine's gas transportation system (GTS) and underground gas storage (UGS) facilities continues to grow.
Ukrenergo substation damaged due to Russian attack
As a result of the Russian attack on the night of April 10, equipment at one of the substations of NPC Ukrenergo was damaged.
UDP, Rhenus Logistics consider expanding cooperation
Ukrainian Danube Shipping Company PrJSC (UDP) and Rhenus Logistics are considering prospects for expanding cooperation in the delivery of cargo to the warehouses of European customers.
Ukraine’s metallurgical production up by one-third in Q1 2024
In the first quarter of 2024, Ukrainian metallurgical enterprises increased production volumes by about one-third compared to the same period last year.
Public contracting authorities announce tenders worth UAH 87.8B via Prozorro in Mar 2024
In March 2024, public contracting authorities announced UAH 87.8 billion worth of procurement tenders via the Prozorro system.
09 April 2024
NBU, EBRD pledge to support war veterans
The National Bank of Ukraine (NBU) and the European Bank for Reconstruction and Development (EBRC) will cooperate to promote the financial inclusion and reintegration of war veterans in Ukraine.
Risks to energy sector should be minimized by next winter - PM
Prime Minister Denys Shmyhal named three vectors of activity to minimize risks to the Ukrainian energy sector next winter.
EU handed over 167 generators to Ukraine
In response to Russian attacks against Ukraine's energy infrastructure, the European Union has sent 157 generators of various types and 10 more large generators with a capacity of 1 megawatt to the country.
Energoatom: Russia attempts to conceal truth through fake reports on alleged drone attacks on ZNPP
Energoatom National Nuclear Energy Generating Company of Ukraine considers Russian fake reports on Ukraine’s alleged drone attack on Zaporizhzhia Nuclear Power Plant (NPP) as the aggressor’s attempt to conceal its own intentions or incidents, which had already taken place at the plant.
EU agrees to restrict imports of Ukrainian agricultural products
On Monday, April 8, the EU countries and the European Parliament preliminarily agreed on stricter restrictions on imports of certain agricultural products from Ukraine, including poultry, sugar and corn.
NBU, U.S. Department of the Treasury sign memorandum of cooperation in cybersecurity
The National Bank of Ukraine (NBU) and the U.S. Department of the Treasury have signed a Memorandum of Cooperation in the field of cybersecurity.
Ukraine attracts more than $83B in international assistance since full-scale war started
Ukraine has already attracted more than $83 billion through coordinated cooperation with international partners since the Russian full-scale invasion started.
08 April 2024
Ukraine, eight other nations align with EU sanctions over Russian aggression
Ukraine and eight other nations from among candidate countries and members of the European Free Trade Area (EFTA) aligned with the decision of the EU Council of March 12, 2024, which expanded the list of persons and entities subject to EU sanctions for violation of sovereignty and territorial integrity of Ukraine, extending them for another six months, until September 2024.
U.S. National Defense Strategy Commission chair visits Ukraine
Oleksandr Kamyshyn, Minister of Strategic Industries of Ukraine, held a meeting with Jane Harman, Chair of the U.S. Commission on the National Defense Strategy.
Ukraine, Hungary agree on opening new border checkpoint
Ukraine and Hungary have signed amendments to the intergovernmental agreement on border traffic control, which will allow to launch a new checkpoint for passenger cars.
Ukraine can use Cambodia's approach to demining - Ministry of Economy
Ukraine can adopt Cambodia’s experience of disposal of explosive objects.
Additional air defense systems to strengthen protection of energy facilities - minister
At a meeting with U.S. congressmen, the Minister of Energy of Ukraine, German Galushchenko, informed the American delegation about the current situation of Ukraine's energy system and the consequences of the latest Russian attacks on Ukrainian energy infrastructure.
07 April 2024
Russian strike leaves high-voltage infrastructure in Kharkiv region damaged
Overnight Sunday, April 7, as a result of a Russian attack in Kharkiv region, one of the high-voltage substations was damaged and a power line went out of service.