Ukrnafta begins to drill another oil well in northeastern Ukraine
Ukrnafta PJSC has started well construction operations in northeastern Ukraine. The estimated initial rate of the new well is 26.5 tonnes of oil per day.
Economy - Latest news
05 February 2024
G7, EU may use frozen Russian assets as collateral for Ukraine aid - media
The Group of Seven (G7) nations and the European Union are discussing a plan to use more than $250 billion in frozen Russian central bank assets as collateral to help finance Ukraine's recovery.
04 February 2024
Poland tightening inspection of agricultural goods on Ukraine border
Polish Agriculture and Rural Development Minister Czesław Siekierski has announced the strengthening of control and inspections of Ukrainian agricultural products that are exported to Poland.
Poland’s deputy minister of agriculture inspects checkpoint at Ukraine border
Deputy Minister of Agriculture and Rural Development of Poland, Michal Kolodziejczak, arrived at the Dorohusk border crossing with Ukraine with an inspection.
03 February 2024
Ukraine supports global food security - Vice PM
In January, Ukraine 6.3 million tons of cargo were exported through the Ukrainian corridor, which is almost equal to the pre-war level of exports, said Deputy Prime Minister for Reconstruction, Minister of Community Development, Territories and Infrastructure Oleksandr Kubrakov.
Nova Poshta pays UAH 10.7B in taxes and fees in 2023
In 2023, the NOVA Group of companies (Nova Poshta) paid UAH 10.7 billion in taxes and fees to the budgets of all levels, 50% more than in 2022.
Ukraine planning to create national water management company
In order to monitor and control water management, Ukraine is planning to create Water of Ukraine NJSC.
02 February 2024
Romanian government agrees with farmers to end protests
Romania's coalition government said on Friday it had reached an agreement with farmers to end weeks of protests against high business costs.
Shmyhal on confiscation of Russian assets in EU: we find best legal solution
Today, European leaders confirm the plan to use the proceeds of frozen Russian assets in favor of Ukraine, the confiscation of which was called impossible a year ago.
IMF chief warns that European governments may regret supporting farmers' protests
Governments should resist calls to increase financial support for farmers protesting in Europe, IMF Managing Director Kristalina Georgieva said.
EU Ambassador on trade liberalization with Ukraine: Not ban, but quantitative restrictions
The continuation of the trade liberalization regime between the European Union and Ukraine provides for quantitative restrictions for three agricultural products, but not their prohibition.
€50 billion for Ukraine: Ambassador to EU explains how money will be controlled
Mechanisms for controlling the expenditures of the 50 billion euro Ukrainian Fund were envisaged from the very beginning, with the need for annual reporting to the European Commission and the possibility of revising the funding parameters in two years if necessary.
FM Kuleba expects decision on use of frozen Russian assets to be endorsed in 2024
Ukrainian Foreign Affairs Minister Dmytro Kuleba has expressed confidence that a decision on the use of the frozen Russian assets in support of Ukraine will be endorsed in 2024.
Bundestag approves state budget that includes almost EUR 7.6B in aid for Ukraine
Members of the German Bundestag have approved the state budget for 2024 in its second and third reading.
State Sanctions Registry launched in Ukraine
The State Sanctions Registry has been launched in Ukraine, containing information about 17,202 individuals and legal entities, which are considered as sanctioned.
Ukraine Facility: Ukraine may receive EUR 4.5B from EU aid package as early as March
Ukraine expects to receive the first payment of EUR 4.5 billion from a EUR 50 billion aid package agreed by the EU countries as early as March.
Finance ministry sees renewal of medium-term budget planning as key objective for 2024
The renewal of medium-term budget planning is a key objective of the Ukrainian Finance Ministry for 2024.
Ukrainians acquire about 4.4 thousand new light vehicles in Jan 2024
In January 2024, about 4.4 thousand new light motor vehicles were registered in Ukraine, which is 47% higher compared to the same period last year.
01 February 2024
Ukraine could get up to EUR 15B annually off frozen Russian assets - Tusk
If the EU adopts a corresponding decision, Ukraine will be able to receive up to EUR 15 billion of interest accrued from the frozen Russian assets annually.
Vice PM outlines priority tasks for Ukrainian drone manufacturers
Deputy Prime Minister for Innovation, Development of Education, Science and Technology - Minister for Digital Transformation Mykhailo Fedorov named the priority tasks the Defense Forces set before manufacturers of unmanned aerial systems.
FTA between Ukraine, Türkiye may become functional in coming months
During a meeting of Ukraine and Türkiye delegations led by the Deputy Prime Minister for the Reconstruction of Ukraine Oleksandr Kubrakov and Minister of Trade of Türkiye Omer Bolat in Istanbul on January 31, a roadmap was laid down for the Free Trade Agreement to enter into force, which may take place in the coming months.
Ukraine’s agricultural exports mainly go to Romania, China, Türkiye in 2023
In 2023, Romania, China and Türkiye were the major importers of Ukrainian agricultural products.
Ukrnafta increases non-fuel sales at its filling stations
In 2023, the number of receipts for the purchase of non-fuel products at Ukrnafta's filling stations amounted to 4.6 million, up 53% compared to 2022.
31 January 2024
Ukraine’s budget receives UAH 32M in seized assets of sanctioned individuals
For the first time, Ukraine’s state budget has received more than UAH 32 million in seized assets of individuals affected by sanctions.
‘Economic visa-free regime’ for another year: Ukraine hopes for approval by Council of the EU
The European Commission has proposed to renew the suspension of import duties and quotas on Ukrainian exports to the EU until June 2025, and Kyiv hopes that this decision will be approved by the Council of the European Union.
European Commission proposes to prolong trade liberalization for Ukraine, Moldova
The European Commission proposed on Wednesday that the Autonomous Trade Measures in relation to the goods produced in Ukraine and Moldova be extended for another year, which implies continued liberalization of trade between the European Union and both countries.
Finance Ministry briefs international partners on use of U.S. aid funds
Ukraine’s Ministry of Finance is actively cooperating with the World Bank and USAID to ensure that financial assistance provided by the U.S. government is used for its intended purpose.
Farmers to have their verification revoked in case of export rule violations in certain EU countries
Ukrainian agricultural producers will have their verification revoked for a period of six months in case of breaking the rules of exporting products to certain EU countries.
30 January 2024
PACE committee approves draft resolution on confiscation of frozen Russian assets
The Committee on Political Affairs of the Parliamentary Assembly of the Council of Europe (PACE) has adopted a draft resolution on the confiscation of frozen Russian assets and their use in support of Ukraine's recovery.
Almost no trucks waiting to cross border with Ukraine today – Demchenko
For the first time since the border blockade started, almost no trucks have been spotted waiting in line at the border between Ukraine and neighboring countries.