Government approves creation of two more industrial parks
The Cabinet of Ministers of Ukraine has decided to create industrial parks in the Rivne and Lviv regions.
Economy - Latest news
17 March 2024
16 March 2024
Ukraine, Romania plan to improve border crossing points
Head of the Chernivtsi Regional State Administration Ruslan Zaparaniuk met with Romanian Ambassador to Ukraine Alexandru Victor Micula and discussed cooperation at the state and regional levels and the launch of new initiatives in the framework of economic, educational and cultural cooperation.
Nuclear regulators of Ukraine, USA discuss situation around Russian-seized ZNPP
Head of the Ukrainian State Nuclear Regulatory Inspectorate Oleh Korikov and Chairman of the U.S. Nuclear Regulatory Commission Christopher T. Hanson have discussed the situation around the temporarily occupied Zaporizhzhia Nuclear Power Plant (ZNPP).
Economy ministry: Italy to promote ‘Made in Ukraine’ brand in global markets
Italy will help Ukrainian producers enter the global market, as well as promote the ‘Made in Ukraine’ brand on trading platforms.
Energoatom chief, U.S. diplomats discuss joint projects in nuclear energy
Energoatom Board Acting Chairman Petro Kotin and the representatives of the United States Embassy in Ukraine have discussed joint projects in the field of nuclear energy.
15 March 2024
Ukrainian entrepreneurs paid over PLN 5 billion to Polish budget
In 2023, Ukrainians in Poland paid taxes to the Polish budget totaling more than PLN 5 billion.
France interested in expanding its business in Ukraine
France is interested in increasing the presence of its business in Ukraine, particularly in the energy sector and extraction of critical materials, and is ready to support measures to insure exports of French companies to Ukraine.
NBU expects inflation rate to remain around 5% in H1 2024
As estimated by the National Bank of Ukraine (NBU), the inflation rate will remain within the target range of 5% ± 1 percentage point in the first half of 2024. Meanwhile, in the second half of the year, inflation processes may accelerate.
Naftogaz signs contract with Havel & Partners law firm to protect its interests in IUGAS case
Naftogaz of Ukraine NJSC has signed a contract with the law firm Havel & Partners to protect the company’s interests in courts of the Slovak Republic in the case of Italia Ukraina Gas (IUGAS) for EUR 150,000.
Ukraine to boost domestic output, including in defense industry - Vice PM
Increasing the share of domestic output of defense products will become a driving force for Ukraine’s economy growth and can be achieved soon.
Ukrposhta, DHL Global Match establish partnership
Ukraine’s national postal operator Ukrposhta JSC has entered into partnership with DHL Global Match in transport and mail delivery services.
14 March 2024
Electricity consumption by Ukraine’s manufacturing industry up by 23% over four months
During the heating season, thanks to the stable performance of Ukraine’s energy system, the consumption rate of electricity by the country’s manufacturing industry increased by 23%.
Polish businesses lose hundreds of millions of dollars due to border blockade
Polish companies doing business in Ukraine suffer hundreds of millions of dollars in losses due to the blockade of Ukraine’s border by Polish farmers.
13 March 2024
Shmyhal meets with EBRD leadership
Ukrainian Prime Minister Denys Shmyhal has discussed priorities in the Ukrainian economy with the leadership of the European Bank for Reconstruction and Development, headed by First Vice President Jurgen Rigterink.
Finance Ministry places domestic government bonds for UAH 8.9B
On March 12, 2024, Ukraine’s Ministry of Finance raised UAH 8.9 billion to the state budget at an auction for the placement of domestic government bonds.
About 330,000 ha of agricultural lands cleared of mines across Ukraine in 2023
Last year about 330,000 hectares of agricultural lands were cleared of mines across Ukraine, and they will be used as crop areas in 2024.
UGA expects Ukraine’s grain, oilseed harvest to decline in 2024
The Ukrainian Grain Association (UGA) has estimated the country’s potential harvest of grain and oilseed crops for 2024 at 76.1 million tonnes compared to 82.6 million tonnes predicted by the analysts in 2023.
12 March 2024
Ukraine to receive EUR 6B of bridge financing from EU - Finance Ministry
Today, Ukraine and the European Union have signed a Loan Agreement and a Memorandum on bridge financing for Ukraine under the Ukraine Facility. The total amount of concessional funds is EUR 6 billion.
EU endorses criminal liability for dodging sanctions
MEPs have approved new rules to harmonize the enforcement of EU sanctions across member states.
Ukraine interested in cooperation with Korea in infrastructure, nuclear projects
Ukraine is interested in cooperating with Korean companies in infrastructure and nuclear projects, primarily in the development and restoration of nuclear generation.
Some global electronics manufacturers renew advertising in Russia – media
Some of the world's major electronics manufacturers, which after the invasion of Ukraine said they were freezing operations in the Russian Federation, last year increased their budgets for marketing and advertising in the Russian market.
Polish construction company to renovate Shehyni-Medyka border crossing
Poland’s Unibep Spółka Akcyjna has signed a contract for renovation and modernization works at the Shehyni-Medyka checkpoint on the Ukrainian-Polish border.
NBU sold $156.8M on interbank market over past week
The National Bank of Ukraine (NBU) sold $156.8 million on the interbank foreign exchange market over the past week.
11 March 2024
Polish police deny reports of Ukrainian buses being stopped by protesters
The Polish police have refuted reports that protesters, along with police officers, were stopping charter buses heading to and from Ukraine near border checkpoints.
Polish farmers hindering movement of charter buses on Ukrainian border
Ukraine officials are recording cases where charter buses heading to or from Poland are being blocked by protesters on the Polish-Ukrainian border. Previously, protesters focused only on freight vehicles.
Agriculture ministers of Ukraine, Poland hold talks in Lviv
Ukrainian Agrarian Policy and Food Minister Mykola Solskyi has offered Polish Agriculture and Rural Development Minister Czesław Siekierski to hold inter-ministerial talks involving the representatives of agricultural associations of the two countries.
Ukraine becomes Europe's largest arms importer – SIPRI
In recent years, Russia's arms exports have almost halved, and France has overtaken it in the rankings of arms suppliers. At the same time, Ukraine has become the largest arms importer in Europe.
10 March 2024
National Bank sees little progress in discussion on use of Russian assets
The National Bank is making gradual, cautious progress in the discussion on the use of immobilized Russian assets.
Kaczyński rallies supporters for massive march in Warsaw against Green Deal, Ukraine imports
The leader of the Polish opposition party Law and Justice (PiS) Jaroslaw Kaczyński is gathering his supporters for a large demonstration in Warsaw on May 18 against the EU Green Deal and agricultural imports from Ukraine.
Russian invaders restrict IAEA experts’ access to turbine halls at ZNPP
The Russian invaders, who control the Zaporizhzhia nuclear power plant, have again restricted IAEA experts' access to the turbine halls at power units 3 and 5.