Ukrhydroenergo estimates war-related losses at more than EUR 3B
Following Russia’s full-scale invasion of Ukraine, Ukrhydroenergo PrJSC has already suffered more than EUR 3 billion in losses.
Economy - Latest news
22 March 2024
Minister Galushchenko: We must force Russia to leave not only occupied ZNPP but global nuclear market
Ukrainian Energy Minister German Galushchenko has held an online meeting with Chairman of the U.S. Senate Committee on Energy and Natural Resources, Senator Joe Manchin to discuss cooperation in the nuclear and uranium industries, as well as sanctions against Russia’s Rosatom.
Ukraine to direct at least EUR 800M to support SMEs and processing by 2026 - Economy Ministry
The Ukraine Facility Plan, among other things, requires Ukraine to meet four investment indicators, according to the Ministry of Economy.
21 March 2024
Lithuania’s president calls on EU to forward Russian assets to Ukraine ASAP
Lithuanian President Gitanas Nauseda says it is unacceptable to further delay the decision on the use of immobilized Russian assets for the needs of Ukraine.
Polish protesters unblock truck traffic at Ustyluh-Zosin checkpoint
On Thursday, Polish farmers completed the all-Polish rally outside the Zosin checkpoint, where traffic was effectively restored in both directions across the border.
Russia’s anti-European actions require not only military but also political consolidation – Zelensky
Anti-European actions pursued by the Russian Federation require from Europe not only economic but also political consolidation.
Ukrainian, Dutch defense companies sign first documents under security agreement
Ukrainian and Dutch companies operating in the defense industry have signed documents on cooperation.
War forces Ukraine to accelerate energy efficiency efforts – Fareniuk
Prior to the war, Ukraine began to implement energy saving technologies. Now, the war is forcing the country to speed up efforts in this area.
Ukraine may receive next tranche of EUR 1.5B under Ukraine Facility this April
In case of the successful implementation of reforms and positive assessment by the European Commission, Ukraine may receive the next tranche of EUR 1.5 billion in bridge financing as soon as this April.
Ukraine, UK preparing to cooperate in passenger services
The representatives of the competent ministries of Ukraine and the United Kingdom have discussed bilateral cooperation in the field of passenger services.
20 March 2024
Ukraine receives $1.5B from Canada - Shmyhal
Ukraine has received CAD 2 billion ($1.5 billion) from Canada.
Ukraine to start using Ukraine Facility funds today – PM Shmyhal
Ukraine will start using funds received from its European partners under the Ukraine Facility programme to pay pensions, salaries, and other state needs from today.
Ukraine together with UN developing new routes for Grain from Ukraine programme – Zelensky
Ukraine and the UN World Food Programme are developing new routes for the Grain from Ukraine humanitarian programme.
PM Shmyhal submits Ukraine Plan to European Commission
At a meeting with European Commission President Ursula von der Leyen in Brussels, Ukrainian Prime Minister Denys Shmyhal has delivered to the European Commission the Ukraine Plan for the Ukraine Facility program, which was approved by the Cabinet of Ministers.
Ukraine receives EUR 4.5B within Ukraine Facility - Shmyhal
Ukraine has received EUR 4.5 billion as part of transitional financing envisaged by the Ukraine Facility, Prime Minister Denys Shmyhal has said.
PM Shmyhal: ‘Economic visa-free regime’ will allow Ukraine to maintain export dynamics
The extension of the European Union’s "economic visa-free regime" will allow Ukraine to maintain its export dynamics.
EIB increases funding for projects in Ukraine eightfold in 2023
In 2023, the European Investment Bank (EIB) increased its financing of projects in Ukraine eightfold compared to investments in the previous year - up to EUR 262 million.
Canadian businesses ready to help Ukraine recover - Minister of Trade
The ratification of the modernized free trade agreement with Ukraine testifies to Canada’s firm support for Ukraine's victory in the war and its long-term prosperity.
EU extends trade support for Ukraine with safeguards for EU farmers
On Wednesday, the EU Parliament and Council reached a provisional agreement on extending trade liberalization measures for Ukraine in the face of Russia’s war of aggression.
Canada ratifies updated FTA deal with Ukraine
Canada has completed the ratification process of the updated agreement on free trade with Ukraine
Naftogaz CEO: Russian gas transit via Ukraine not critical to Europe
Europe receives about 14 billion cubic meters of natural gas via Ukraine’s gas transmission system annually, while the consumption rate of European countries is about 350 billion cubic meters per annum.
GTSOU, Moldovan partners discuss expansion of Trans-Balkan route
Gas Transmission System Operator of Ukraine LLC (GTSOU) has discussed the creation of a joint product with Moldova’s Vestmoldtransgaz (VMTG) and the Moldovan Energy Ministry in order to ensure the increased use of the gas transmission system capacities of the two countries.
Power engineers restore electricity to over 36,000 families in Donetsk region in past week
Over the past week, power engineers have restored electricity supply to more than 36,000 households in the Donetsk region.
19 March 2024
UDP expands combined shipping services to European river ports
Ukrainian Danube Shipping Company PrJSC (UDP) has created a combined transportation service at a uniform tariff rate for European river ports.
Ukraine Facility Plan to strengthen sustainability of national economy – Svyrydenko
The implementation of the Ukraine Facility Plan will help carry out structural reforms in the public sector, as well as a number of economic reforms.
18 March 2024
Shmyhal, Graham discuss Ukraine's urgent needs
Ukrainian Prime Minister Denys Shmyhal and U.S. Republican Senator Lindsey Graham have discussed Ukraine's urgent needs for the economy and the front.
Government approves Ukraine Facility plan – PM Shmyhal
The Cabinet of Ministers has approved a plan for the Ukraine Facility programme.
Czech Republic proposes to EU to ban imports of Russian and Belarusian grain
Importing Russian grain means supporting the aggressor, so the Czech Republic will propose to the European Union to include this article on EU imports in the sanctions list.
Naftogaz Group paid UAH 11.4B in taxes since year-start
In January-February 2024, Naftogaz Group paid UAH 11.4 billion in taxes to the state and local budgets.
17 March 2024
Russia expropriates nearly 500 enterprises in occupied areas - Ukraine official
In the temporarily occupied territories, Russian invaders seized control of almost 500 enterprises and continue to "nationalize" households.