Finnish businesses open representative office in Kyiv
Confederation of Finnish Industries (EK) and EastCham Finland are opening a joint representative office in Kyiv.
Economy - Latest news
27 March 2024
GTSOU to maintain last year’s terms for transporting gas to underground storage facilities
In 2024, Gas Transmission System Operator of Ukraine LLC (GTSOU) is planning to maintain last year’s terms for transporting foreign-owned gas to underground storage facilities.
Ukrnafta boosts oil, gas production in Feb 2024
Last month Ukrnafta PJSC produced 110.3 thousand tonnes of oil and 92.1 million cubic meters of natural gas, which is 0.09% and 10.7% respectively higher compared to February 2023.
26 March 2024
Hungary not to reintroduce import ban on Ukrainian honey
Hungary will not reintroduce a ban on honey imported from Ukraine despite demands by honey farmers who have protested saying cheap honey from Ukraine pushed down prices and threatens to drive them out of business.
PM Shmyhal: Ukraine receives $880M from IMF under EFF Arrangement
Ukraine has already received a tranche of $880 million from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) Arrangement.
Swedish business ready to cooperate with Ukrainian companies in high-tech industries
Swedish businesses are interested in increasing their presence in Ukraine and developing cooperation with Ukrainian companies in high-tech industries, including energy, telecommunications, and cyber security.
Ukraine, Sweden to deepen cooperation in nuclear industry
The deepening of cooperation between Ukraine and Sweden in the nuclear industry will help strengthen the energy security of the two countries and the European continent as a whole.
Minister Kubrakov expects Latvia’s airBaltic to be among first to re-enter Ukrainian market
The team of the Ukrainian Communities, Territories and Infrastructure Development Ministry has met with the representatives of Latvia’s flag carrier, airBaltic.
Ukrhydroenergo: Dnipro HPP will need years to resume normal operation
It is likely to take Dnipro Hydroelectric Power Plant (HPP) years to resume normal operation following Russia’s recent missile attack.
25 March 2024
Yasno CEO: DTEK lost 50% of its generating capacity following Russia's Mar 22 attack
DTEK Group has lost about half of its generating capacity due to Russia's large-scale missile and drone attack on Ukraine's energy system on March 22.
Ukrainians buy new cars for UAH 15.8B in Jan-Feb - Ukrautoprom
Ukrainians spent almost UAH 15.8 billion on the purchase of new passenger cars in the first two months of 2024.
Russian attack on underground gas storage facilities not to affect gas supplies to Ukrainians - Naftogaz
There are no critical consequences after the attack by Russian troops on the infrastructure of the underground gas storage facility - the damage will not affect the supply services to gas consumers.
24 March 2024
Energy supply situation most challenging in Kharkiv
The situation of power supplies in the city of Kharkiv remains the most difficult following Russian strikes on Ukraine’s energy infrastructure.
Odesa introduces schedules of stabilization power outages
DTEK is restoring stabilization power outages in Odesa.
Russian strikes hit Naftogaz facilities in western Ukraine – CEO
In western Ukraine, as a result of Russian missile strikes in the early hours of Sunday, Naftogaz Group facilities suffered damage.
Energy teams repairing equipment in 11 Ukrainian regions following Russian strikes
Power engineers are working to restore electricity supply in 11 regions of Ukraine, where partial power outages occurred as a result of the Russian strikes.
Damage to Ukrainian energy system, excluding latest attack, amounts to $11.5B – energy official
Damages to the Ukrainian energy system since the full-scale invasion, excluding the latest missile and drone barrage aftermath, have reached $11.5 billion.
23 March 2024
If Russia seeks to destroy Dnipro HPP dam, more attacks expected – energy minister
If Russia’s goal is to destroy the Dnipro hydropower plant’s dam, more missile attacks should be expected.
Most difficult situation with electricity remains in Kharkiv region - Ukrenergo
The most difficult situation with power supply remains in the Kharkiv region. There are still disconnected consumers in the Kharkiv and Khmelnytskyi regions, and there are blackout schedules in the Odesa region.
Russia’s latest attack severs backup power supply to Zaporizhzhia NPP
In Dnipropetrovsk region, two main 330 kV overhead lines providing backup power supply to the Zaporizhzha nuclear power plant were disabled as a result of the latest Russian strike.
PM Shmyhal outlines Ukraine’s important financial victories
This week Ukraine has achieved a number of important victories, namely those related to receiving financial assistance from international partners.
Some 400 new international bus routes unlocked for Ukrainian carriers in 2023
Last year the Ukrainian Communities, Territories and Infrastructure Development Ministry unlocked 400 new international routes for bus carriers.
More than 210,000 ha already sown with spring crops across Ukraine
Twenty regions across Ukraine have already started the sowing of spring grain and leguminous crops.
22 March 2024
International partners ready to help Ukraine restore Dnipro HPP
Ukrhydroenergo, the operator of Ukraine’s hydropower plants, discussed with international partners assistance in the restoration of the Dnipro hydroelectric plant that suffered a massive Russian missile strike early Friday.
Ukraine, Poland to present joint position on unblocking border
The Ukraine-Poland intergovernmental meeting will take place on March 28, where the parties will present a joint position on unblocking the border from farmers’ protests.
No electricity deficit in Ukraine grid as power system survives Russian pummeling – PM Shmyhal
Ukraine's energy system, which today suffered one of the largest missile and drone strike since the invasion, has withstood the blow as there is no capacity shortage in the grid and none is predicted.
Physical protection systems at energy facilities “performed effectively” on Friday - expert
Physical protection systems installed since Russia’s full-scale invasion at critical energy infrastructure facilities across Ukraine proved quite effective.
Power engineers restore line supplying Zaporizhzhia NPP
The repair crews of Ukrenergo National Power Company have restored a line supplying Zaporizhzhia Nuclear Power Plant (NPP), which was de-energized during Russia’s recent massive attack.
Situation in Ukraine’s energy system controlled despite Russian recent attack – PM Shmyhal
Following Russia’s recent massive missile attack, the situation in Ukraine’s energy system is remaining controlled, and there is no need to introduce power outage schedules all over the country.
Ukrhydroenergo: No threat of dam breach at Dnipro Hydroelectric Power Plant
Firefighters are continuing to put out a fire at the Dnipro Hydroelectric Power Plant following a Russian missile attack, but there is no threat of a dam breach.