Finland provides EUR 2.1B in aid to Ukraine since war began
Finland has provided EUR 2.1 billion worth of aid to Kyiv since the beginning of Russia's full-scale armed aggression against Ukraine.
Economy - Latest news
12 November 2023
Ukraine’s rail freight volumes rise 12.8% in Oct
JSC Ukrzaliznytsia railway operator transported 13.584 million tons of cargo in October 2023, which is 12.8% up against September.
All revenues from Road Fund in 2024 to be forwarded to cover defense needs - MP
The Law on Amendments to the Budget Code to ensure the country’s defense capability and the defense industry development provides for directing the revenues of the Road Fund to cover defense needs.
Ukrainian steelmakers produce 5.16M t of steel since year-start
In January-October 2023, Ukraine’s metallurgical enterprises produced 5.16 million tonnes of steel, down 11.7% year-on-year.
Rebuild Ukraine Business Conference to be held in Canada
On November 21-22, a business conference dedicated to rebuilding Ukraine will be held in Toronto, Canada.
11 November 2023
Ukraine’s energy minister comments on option to attack Russia’s energy sector as mirror move
It would only be fair to attack Russia’s oil and gas sector if Russia targets Ukraine’s critical energy infrastructure this winter.
Fuel for Ukrainian military to be color-marked by type
The Ministry of Defense plans to start supply to the Army diesel batches marked with red dye as early as next week.
Ukraine, Poland officials to meet at border Monday to resolve checkpoint blocking issue
On November 13, representatives from the Ministry for Development of Communities, Territories and Infrastructure of Ukraine will hold a meeting at the border with the Polish side toward unblocking the checkpoints.
South Korea to help Ukraine produce drones - Lviv mayor
South Korea will help Ukraine produce more high quality drones for war against Russia.
IMF upgrades Ukraine's GDP growth forecast to 4.5%
The International Monetary Fund (IMF) has released an upgraded economic forecast for Ukraine, projecting a GDP growth of 4.5% by the end of 2023.
Ukrainian farmers harvest 71.5M t of grains, oilseeds
As of November 10, 2023, Ukrainian farmers harvested 71.5 million tonnes of new grain and oilseeds.
Ukraine, France work to deepen cooperation between companies, risk insurance
Ukraine and France continue to engage in a productive dialogue on Ukraine's recovery without waiting for the end of Russia's war, including deepening cooperation between companies, risk insurance, assistance in humanitarian demining, and export support.
10 November 2023
Czech, Taiwanese governments sign agreement to help reconstruction efforts in Ukraine
On Friday, the Czech and Taiwanese governments signed an agreement to work together to help reconstruction work in Ukraine.
Latvia to allocate about EUR 5M for reconstruction efforts in Chernihiv region
In 2024, Latvia is planning to allocate about EUR 5 million in order to assist with reconstruction efforts in the Chernihiv region.
09 November 2023
Lithuania sending Ukraine EUR 2M to address social implications of war
The Government of Lithuania approved the decision to allocate EUR 2 million to Ukraine to help the nation tackle the social consequences of the ongoing war.
EU not to revoke “visa-free transport” for Ukraine at demand of Polish carriers - Minister Kubrakov
The demands of Polish carriers to amend the Agreement on the Liberalization of Road Freight Transport between Ukraine and the European Union (the so-called visa-free transport) are unfounded, therefore such changes are not on the table.
Despite Russian shelling, corridor in Black Sea working - 11 ships near ports
The movement of merchant ships to and from Ukrainian ports in the Black Sea through the temporary sea corridor does not stop despite the shelling of port infrastructure by Russian troops.
Ukraine ready to resume supply of agricultural products to Indonesia - Zelensky
Ukrainian President Volodymyr Zelensky has said in a phone call with his Indonesian counterpart Joko Widodo that Ukraine is ready to resume the supply of agricultural products to Indonesia.
Rada approves state budget for 2024
The Verkhovna Rada has adopted in the second reading and in general the draft law No. 10000 On the State Budget of Ukraine for 2024 with a revenue part of UAH 1.768 trillion and expenditures of UAH 3.35 trillion.
Poland’s PSE providing emergency assistance to Ukraine – Ukrenergo
On November 9, 2023, Ukrenergo National Power Company appealed to Poland’s transmission system operator PSE regarding the urgent purchase of 510 megawatt-hours of surplus electricity generated by Ukraine.
Energoatom to produce equipment for small modular nuclear reactors
NAEC Energoatom plans to build in Ukraine a plant for the production of basic equipment for small modular reactors (SMR) using the technology provided by the U.S.-based Holtec.
Ukraine simplifies rules for humanitarian aid imports
The Verkhovna Rada passed legislation that changes the conditions for importing humanitarian aid into Ukraine.
Minister Kamyshin: Additional UAH 112B to be transferred to defense sector
The Verkhovna Rada of Ukraine has endorsed a bill on the redirection of the so-called ‘military’ personal income tax, and now Ukraine’s defense industry will receive an additional UAH 112 billion for development purposes.
Britain imposes new sanctions on Russia's gold, oil sectors
The United Kingdom has imposed new sanctions against 29 individuals and organizations operating in Russia's gold, oil, and strategic sectors.
Ukraine's government to allocate additional funds for water supply in Mykolaiv - Shmyhal
The Cabinet of Ministers of Ukraine is preparing the allocation of additional funds for a stable water supply in Mykolaiv.
08 November 2023
Resilience despite war, destruction: European Commission notes Ukraine's progress in energy sector development
Thanks to the resilience of critical energy infrastructure in the face of Russian attacks, Ukraine's economy is recovering and the transformation of the energy industry, despite the ongoing war and colossal destruction, remains successful.
Ukraine interested in engaging American businesses in recovery projects - PM Shmyhal
Ukraine is willing to involve American businesses in reconstruction projects through public-private partnership projects.
Zelensky, U.S. Secretary of Transportation discuss infrastructure restoration, export routes
President Volodymyr Zelensky discussed with U.S. Secretary of Transportation Pete Buttigieg the restoration of Ukraine's infrastructure and the development of transportation opportunities for the export of Ukrainian goods.
H&M reopens in Ukraine tomorrow
Starting from November 9, the H&M store will resume its work in Ukraine, in the Lavina Mall.
Polish carriers continue to block three checkpoints
Polish carriers continue to block the movement of Ukrainian trucks at three checkpoints: Yahodyn-Dorohusk, Rava-Ruska-Hrebenne, and Krakivets-Korczowa.