Polish farmers block railroad near border, dump Ukrainian grain on tracks
Protesting Polish farmers blocked the railroad near the Medyka checkpoint on the border with Ukraine and poured Ukrainian grain from a freight car onto the tracks.
Economy - Latest news
20 February 2024
Ukraine invites Japan to invest in environmental projects with estimated potential of $28.4B
Ukraine has invited Japan to invest in environmental projects with an estimated potential of $28.4 billion.
Ukraine’s ECA, Japan’s NEXI enhance cooperation
Ukraine’s Export Credit Agency (ECA) and Japan’s Nippon Export and Investment Insurance (NEXI) have signed a Memorandum of Understanding on the Development of Cooperation.
Ukroboronprom corporatizes 33 enterprises
The Supervisory Board of Ukrainian Defense Industry JSC (Ukroboronprom) has endorsed a decision to transform a total of 33 state-owned defense industry enterprises into economic entities.
NBU sold $322.6M on interbank market over past week
The National Bank of Ukraine (NBU) sold $322.6 million on the interbank foreign exchange market over the past week.
19 February 2024
Hungary not to block 13th package of sanctions against Russia - Szijjarto
Hungarian Foreign Minister Peter Szijjarto has said that his country will not veto the 13th package of EU sanctions against Russia.
Ukraine, Japan sign Convention for Elimination of Double Taxation
The representatives of Ukraine and Japan have signed the Convention for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance and the Protocol thereto.
Japan already provided support worth $4.6B to Ukraine since war began – Finance Ministry
Since February 2022, Japan has already provided Ukraine with a total of $4.6 billion in support through World Bank projects and the Japan International Cooperation Agency (JICA).
Ukraine joins Japan's Joint Crediting Mechanism
Ukraine has joined the Joint Crediting Mechanism. This will enable the country to receive Japanese investment for decarbonization programs in various sectors of the economy.
17 February 2024
Germany's Rheinmetall to build artillery ammunition plant in Ukraine
Germany's defense company Rheinmetall plans to build a new factory for the production of artillery ammunition in Ukraine.
Ukroboronprom to cooperate with leading German arms manufacturer
JSC Ukrainian Defense Industry signed a memorandum of cooperation with the leading German company Dynamit Nobel Defense.
Zelensky discusses prospects for Ukrainian grain supplies with Bangladeshi PM
In Munich, President of Ukraine Volodymyr Zelensky and Prime Minister of Bangladesh Sheikh Hasina Wazed discussed the creation of an alternative "grain corridor" in the Black Sea.
Ukraine, Azerbaijan presidents meet in Munich, discuss joint economic projects
President of Ukraine Volodymyr Zelensky and President of Azerbaijan Ilham Aliyev met on the sidelines of the Munich Security Conference.
Six checkpoints blocked on border with Poland, 3,300 trucks are waiting in line
On Saturday morning, protesters in Poland blocked six checkpoints on the border with Ukraine, with 3,300 trucks in line.
Belgium sends 10 humanitarian aid shipments for Ukraine’s energy sector
Belgium ha sent 10 humanitarian aid shipments for Ukraine’s energy sector since the Russian full-scale invasion started.
Ukrainian Danube Shipping Company begins to create container convoys
Ukrainian Danube Shipping Company has held consultations with carriers regarding the creation of the first barge container convoys sailing towards the Middle Danube and the Upper Danube.
Biomethane in Ukraine: Expert comments on when production, domestic market can be launched
The biomethane plants built in Ukraine are not operated commercially, as there is no customs procedure for produced gas exports.
Ukraine needs another $9.5B for priority recovery needs – Finance Ministry
Ukraine needs another $9.5 billion to finance priority recovery needs, according to the Ministry of Finance.
16 February 2024
EBRD may invest up to EUR 15 billion in Ukraine over five years
Since the beginning of Russia's full-scale invasion of Ukraine, the European Bank for Reconstruction and Development (EBRD) has invested 3.8 billion euros in Ukraine's economy. Over the next five years, the EBRD may invest between 7.5 and 15 billion euros in Ukraine.
For future of Ukraine, it is important to return refugees and reintegrate veterans - Pritzker
For the further economic development of Ukraine, it is extremely important to create conditions for refugees to return home, as well as to ensure the reintegration of veterans into social life and business.
Thirty-eight Ukrainian companies present organic food products at BIOFACH trade fair
The world’s largest trade fair for organic food, BIOFACH 2024, has opened in Germany’s Nuremberg with two pavilions representing Ukraine. A total of 38 companies are displaying the potential of Ukraine’s organic food sector.
Galushchenko, Granholm discuss cooperation in nuclear industry between Ukraine, USA
Ukrainian Energy Minister German Galushchenko and United States Secretary of Energy Jennifer Granholm have discussed cooperation in the nuclear industry between the two countries.
PM Shmyhal believes seizure of frozen Russian assets must start this year
The main resource for Ukraine’s recovery should be the confiscation of frozen Russian assets.
15 February 2024
Zelensky meets with Entrepreneurship Support Council representatives
President Volodymyr Zelensky has met with representatives of the Council for Entrepreneurship Support.
Losses from war amount to nearly $500B: Shmyhal names most affected economic sectors
Russia's armed aggression has affected Ukraine's commercial, industrial, agricultural, energy and transportation sectors the most. These sectors require significant funds for recovery.
Ukrainian drivers start protest at border with Poland
Ukrainian drivers have started a protest at the Yahodyn-Dorohusk checkpoint in response to Polish farmers obstructing truck traffic.
Poland has not yet decided on construction of oil pipeline from Ukraine to Gdansk
Poland has not yet made a decision on the possible construction of a pipeline for the transportation of edible oil from Yahodyn, Volyn region of Ukraine, to the port of Gdansk.
IMF’s UCDF approves initial workplan with $27.5M in financing
As part of the Inaugural Meeting, the Steering Committee of the Ukraine Capacity Development Fund (UCDF) has approved an initial workplan with $27.5 million in financing to support the implementation of economic reform programs by Ukrainian authorities under the International Monetary Fund’s coordination.
Trade turnover reached USD 8.5 billion in January, with Ukraine's largest exports going to Poland, Spain and China
Ukraine's trade turnover in January 2024 was USD 8.5 billion. This is 7% more than in the same period in 2023.
Finance Ministry places domestic government bonds for more than UAH 5.4B
On February 13, 2024, Ukraine’s Ministry of Finance raised UAH 5.448 billion to the state budget at an auction for the placement of domestic government bonds.