Poland ready to provide extra energy supplies to Ukraine in winter – diplomat
In the challenging winter season, Warsaw is ready to provide additional electricity volumes to the Ukrainian side, namely from its own coal power plants.
Economy - Latest news
24 October 2024
More than 130,000 t of sugar produced in Ternopil region
The Ternopil region’s sugar refineries have produced more than 130,000 tonnes of sugar.
Experimental cotton harvesting campaign near completion in Ukraine
Ukrainian farmers are finishing the harvesting of cotton, which was sown in the Odesa-based trial fields, totaling more than 5 hectares in area.
IMF expects Ukraine’s public debt to exceed 100% of GDP in 2025
In 2025, Ukraine’s public debt is expected to exceed 100% of gross domestic product (GDP).
23 October 2024
Profits from Russian assets to cover Ukraine’s vital financial needs - PM Shmyhal
Funds received from the USA, as well as other G7 countries and the EU in the amount of $50 billion, will aim to address Ukraine’s most important financial needs in 2025.
G7 loan for Ukraine: U.S. allocating $20B
The U.S. government has agreed to allocate a $20 billion share of a larger G7 loan for Ukraine, which will be secured with the frozen Russian assets.
EU finally approves EUR 35B macro-financial loan for Ukraine
On October 23, the EU Council finally approved, under a written procedure, a macro-financial loan of 35 billion euros to Ukraine, which will be paid and serviced from the extraordinary proceeds of Russian assets frozen in the EU.
Sybiha: Ukraine has strategic edge in defense tech as it can immediately test new products on frontlines
Ukraine is currently at the forefront of developing its military-industrial complex and enjoys a strategic advantage, which reflects in the ability to immediately test freshly-manufactured defense products on the battlefield.
Ukraine receives nearly $1.1B from IMF - PM Shmyhal
About $1.1 billion from the IMF has already reached the Ukrainian budget.
FM Sybiha at SAHA EXPO 2024 calls on Turkish companies to invest in Ukraine’s defense industry
At the International Defence & Aerospace Exhibition SAHA EXPO 2024, taking place in Istanbul, Ukrainian Foreign Affairs Minister Andrii Sybiha held negotiations with high-ranking officials of Türkiye’s government and Armed Forces, as well as the heads of defense industry companies.
IMF expects Ukraine’s economic growth of 3.0% in 2024
The International Monetary Fund (IMF) expects that Ukraine’s economy will show a rise of 3.0% in 2024 and decline to 2.5% in 2025.
New industrial park to be created in Chernivtsi – PM Shmyhal
The Cabinet of Ministers has decided to create an industrial park in Chernivtsi.
Energy ministry, UN delegation discuss support for Ukraine’s energy system
Ukraine’s Energy Deputy Ministers, Roman Andarak and Mykola Kolisnyk, have held a meeting with a delegation of the United Nations, led by United Nations Under-Secretary-General and UNDP Associate Administrator Haoliang Xu.
22 October 2024
Naftogaz Trading signs contracts with more than 6,000 non-domestic consumers
Naftogaz Trading Gas Supply Company LLC, supplying gas to district heating providers, state-financed entities and religious organizations, has signed gas supply contracts with more than 6,000 consumers for the duration of the heating season.
European Parliament approves EUR 35B loan to Ukraine backed by frozen Russian assets
The European Parliament has endorsed a resolution on establishing the Ukraine Loan Cooperation Mechanism and providing exceptional macro-financial assistance.
Ukraine, France sign agreement on EUR 200M in grant assistance
First Vice Prime Minister and Minister of Economy of Ukraine Yulia Svyrydenko and Ambassador Extraordinary and Plenipotentiary of the French Republic to Ukraine Gaël Veyssière have signed the Implementation Agreement on the EUR 200 million Grant Agreement between the two governments.
UK announces $2.93B loan to Ukraine backed by profits from frozen Russian assets
The United Kingdom has announced a £2.26 billion (about $2.93 billion - ed.) loan to Ukraine backed by profits from sanctioned Russian sovereign assets.
Zelensky's Office: Kremlin using fake transit scheme to get sanctioned goods from EU
The Kremlin exploits a false transit scheme that allows the supply of sanctioned goods from EU countries destined for Central Asia and the Caucasus region.
21 October 2024
Resumption of Russian attacks on Ukrainian ports has led to 6% increase in wheat prices - UN Security Council
The UN has noted a rise in grain prices on world markets due to renewed Russian attacks on Ukraine's Black Sea ports.
Defense microelectronics plant in Bryansk halts production following drone attack
As a result of the drone attack on the Kremniy EL microelectronics factory in Bryansk, production was put to a halt due to power supply disruptions and interrupted technological chains.
IAEA extends mission at Ukrainian NPP’s power substation
The International Atomic Energy Agency has prolonged its mission at one of the Ukrainian high-voltage substations critical for nuclear safety.
Stable winter season depends also on effective interaction with communities – Chernyshov
Going through the heating season in stable mode depends not only on sufficient fuel stocks but also on interaction with local authorities, which allows for all issues to be resolved effectively.
Gas Distribution Networks restores gas supply for 58,000 households since early 2024 – Naftogaz CEO
Since the beginning of 2024, Gas Distribution Networks of Ukraine LLC, which is part of Naftogaz Group, has restored gas supply services for 58,000 households.
Ukraine in talks with Hungary to build another freight checkpoint – Mykyta
The development of transport services between Ukraine and Hungary is beneficial to both countries.
Oleh Huliak appointed Ukroboronprom CEO
Oleh Huliak has become a chief executive officer at Ukraine’s defense industry giant, Ukroboronprom.
20 October 2024
IAEA to resume missions at Ukrainian NPPs’ substations from Monday
This week, from October 21 to 27, the International Atomic Energy Agency will continue its missions at high-voltage substations critical for nuclear safety.
Russia-Ukraine war to continue throughout coming year – IMF
The International Monetary Fund (IMF) has updated its forecast regarding the duration of Russia's war in Ukraine, now estimating that the conflict will continue at least until the end of 2025.
Allocation of IMF tranche recognition of Ukraine’s economic stability - NBU
The decision of the International Monetary Fund to allocate for Ukraine another tranche under the Extended Fund Facility is a recognition of the stability of the country's economy and an important signal to partners.
Ukraine, Italy explore potential defense cooperation areas
The team from the Ministry of Strategy and Industry discussed with the Italian Ambassador to Ukraine, Carlo Formosa and Military Attache Igor Torti the issue of cooperation in the field of defense industry.
Ukraine completes 28 structural benchmarks under EFF - finance ministry
Within the framework of the Extended Fund Facility for Ukraine (EFF) from the International Monetary Fund, Ukraine has already completed 28 structural benchmarks.