Capital investments in Ukraine's energy sector up by 2.2 times in 2023 - DiXi Group
Capital investments in the production, processing and supply of energy resources in Ukraine increased by 2.2 times in 2023 year-over-year, to UAH 109.3 billion.
Economy - Latest news
04 November 2024
02 November 2024
Russian victory would cost Germany 10 to 20 times more than aid to Ukraine - German experts
The price of a Russian victory will be times higher for Germany than helping Ukraine win over Russia in the ongoing war.
Germany hands EUR 2.4M to UNIDO project toward restoring Ukraine’s "green industry"
The German Federal Ministry for Economic Cooperation and Development (BMZ) has provided an additional EUR 2.4 million to support the project on the recovery of green industry through development at the level of Ukrainian municipalities as part of the UNIDO Program for a green industrial recovery in Ukraine for 2024-2028.
Belgian and Ukrainian defense companies sign agreement on joint missile production
The Belgian company Thales and a Ukrainian defense company have signed a memorandum on joint production of missiles to counter enemy drones.
Ukraine already harvests 66.7M tonnes of grain, oilseed crops
As of November 1, 2024, a total of 66.7 million tonnes of the new-harvest crops were gathered across Ukraine.
World Bank launching new private sector development program worth $593M in Ukraine
On October 31, 2024, the World Bank announced that a new private sector development program, totaling USD 593 million, would launch in Ukraine.
01 November 2024
National Bank governor: breakthrough in West’s perception of Russian assets
The West saw a major shift in the attitude toward Russian assets immobilized since the full-scale invasion of Ukraine.
Combatants, their relatives obtain over UAH 21.7M for business development purposes in Ternopil region
Forty-six combatants and their family members have received more than UAH 21.7 million worth of business development grants in the Ternopil region.
Repairs being conducted in one of six reactors at ZNPP
At Ukraine's Zaporizhzhia Nuclear Power Plant (ZNPP), repairs are being conducted in one of its six reactors after a small water leakage was detected from an impulse line – essentially a small pipe – connected to the unit's primary circuit, with the work expected to be completed later this week.
Grain harvesting campaign near completion in Donetsk region
In the Ukrainian-controlled Donetsk region, farmers are finishing the harvesting of grain crops. A total of 317.4 thousand tonnes of grain has already been gathered from 95.7% of crop fields.
More than 160,000 t of sugar produced in Vinnytsia region as of Nov 1
The Vinnytsia region’s sugar refineries have already produced 164,000 tonnes of sugar.
NBU Governor outlines reasons for accelerated inflation
In recent months, the inflation rate has increased expectedly. However, the pace of the increase turned out to be faster than the forecast, and it may reach 9.7% by the end of the year.
Germany increases grain imports from Ukraine since start of full-scale war
The German federal government confirms the increase in Ukrainian grain imports in recent years and at the same time refutes reports of the negative impact on its market.
31 October 2024
Heating season starts in all regions except Kherson, Odesa
As of the morning of October 31, the heating season has commenced in all regions of Ukraine except Odesa and Kherson, where the delay is due to air temperatures.
Russian drone attack damages power line in Kyiv
In Kyiv this morning, a high-voltage overhead power line operated by DTEK was damaged as the downed drone plunged to the ground.
Parliament endorses draft state budget for 2025 in first reading
On October 31, 2024, the Verkhovna Rada of Ukraine endorsed in the first reading the draft bill on the State Budget of Ukraine for 2025.
Ukraine actively starting heating season – Naftogaz CEO
Ukrainian cities are actively starting the heating season, which is the result of the coordinated interaction and teamwork of all professionals involved in the energy sector.
In worst-case scenario, power outages this winter could last up to eight hours – Ukrenergo
If Russian forces continue to target Ukraine's energy infrastructure and these attacks are successful, power consumption restrictions lasting up to eight hours may be implemented this winter.
Russia keeps violating OPEC+ agreements - research
By concealing the true extent of its production and sales, Russia has flagrantly violated its obligations under the OPEC+ agreement to reduce oil output.
Ukraine presents roadmap for opening airspace amid martial law
With the support of the Embassy of the United States in Ukraine and in cooperation with the Ukrainian State Aviation Administration, Ukrainian State Air Traffic Services Enterprise (UkSATSE), the Air Force Command, and the directors of international airports, the Ukrainian Communities and Territories Development Ministry has presented a roadmap for opening Ukraine’s airspace amid martial law.
Ukraine signs memorandum on natural gas quality with GTS operators of CESEC countries
Gas Transmission System Operator of Ukraine LLC (GTSOU) has signed a Memorandum of Understanding related to the harmonization of the natural gas quality requirements as part of the Central and South-Eastern Europe Energy Connectivity (CESEC) initiative.
EBRD allocating EUR 300M for Ukrzaliznytsia to purchase electric locomotives
The European Bank for Reconstruction and Development (EBRD) will allocate funds to upgrade the dual-voltage electric locomotive fleet, and Ukrzaliznytsia JSC will purchase 50 electric locomotives as part of this loan.
30 October 2024
Naftogaz Group to hold conference ‘Day of Supplier of State-Owned Enterprises in Oil and Gas Industry: Plans for 2025’ in Kyiv
In cooperation with the Ukrainian Economy Ministry, Naftogaz Group will hold a conference dedicated to the development of partnerships in the field of public procurement between the Government of Ukraine, state-owned oil and gas industry enterprises, as well as producers, suppliers of goods, and service providers.
Veterans pursue nearly every possible business field – Rohovets
Veteran-led businesses now cover nearly all possible entrepreneurial fields.
Ukraine generally prepared for heating season – ExPro
The increased gas production compared to 2023 and the accumulated natural gas stocks allow us to assert that Ukraine is ready to go through the heating season.
Parliament endorses law on plea bargaining under Ukraine Facility
On October 29, 2024, the Verkhovna Rada of Ukraine endorsed in the second reading the draft bill on plea bargaining as one of the Ukraine Plan indicators under the EU’s Ukraine Facility initiative.
Economy ministry updates guide for investors with projects worth at least EUR 12M
The Ukrainian Economy Ministry has published an updated guide with instructions and recommendations for entrepreneurs who are planning to implement investment projects worth at least UAH 12 million.
29 October 2024
Finance Ministry places government bonds for UAH 23.2B
On October 29, 2024, the Ministry of Finance of Ukraine raised UAH 23.16 billion (in equivalent) to the state budget at an auction for the placement of domestic government bonds.
Canada will provide Ukraine with nearly $4B as part of G7 support
Canada will provide Ukraine with 5 billion Canadian dollars (3.7 billion US dollars) as part of the G7 financial support.
ENTSO-E raises electricity export capacity limit to Ukraine, Moldova to 2.1GW
The European Network of Transmission System Operators for Electricity (ENTSO-E) has increased the electricity export capacity limit to Ukraine and Moldova by 400 megawatts to 2.1 gigawatts.