Ukraine adds Nestle to list of int'l war sponsors
Ukraine's National Agency for Corruption Prevention (NACP) has added the Swiss corporation Nestle to the list of international sponsors of Russia's war.
Economy - Latest news
03 November 2023
Western partners reorienting aid to Mykolaiv’s reconstruction
International partners are changing the format of aid to Mykolaiv – from humanitarian needs to reconstruction.
02 November 2023
IMF preparing mission for second review of program to raise another tranche of $900M – PM
During an online conversation, Ukrainian Prime Minister Denys Shmyhal and Director of the European Department at the International Monetary Fund (IMF) Alfred Kammer discussed the implementation of reforms in Ukraine.
Polish carriers postpone border blockade to Nov 6
Polish carriers have postponed the start of the blockade of freight traffic near the three largest road checkpoints on the Polish-Ukrainian border (Korczowa-Krakivets, Hrebenne-Rava Ruska, Dorohusk-Yahodyn) from November 3 to November 6.
DTEK wins case in The Hague: Russia must pay $267M for assets seized in Crimea
The Permanent Court of Arbitration in The Hague completely granted a lawsuit filed by the DTEK Ukraine’s commercial energy operator and ordered Russia to pay $267 million for the assets seized during the occupation of Crimea.
Ukraine cannot terminate contract for Russian gas transit - expert
Ukraine is unable to terminate the contract on the transit of Russian gas through its territory, as this would be in breach of its international obligations but in a year, Naftogaz will cease such transit to Europe.
Businesses assess their economic performance guardedly - NBU
In October, businesses returned to reporting guarded expectations for their current economic performance.
01 November 2023
PM Shmyhal names priority direction in state support for SMEs
The support for processing enterprises among small and medium-sized businesses (SMEs) is among the government's priorities, according to Prime Minister Denys Shmyhal.
CMU approves candidates for GTSOU's supervisory board
The Cabinet of Ministers of Ukraine (CMU) has approved three independent members of the supervisory board of the Gas Transmission System Operator of Ukraine (GTSOU) LLC and one representative of the state.
Ukraine to receive EUR 335M in aid from European Commission
The Cabinet of Ministers has approved an agreement to finance the program on EU support for recovery and reform. After its signing, Ukraine will receive EUR 335 million in aid from the European Commission.
Proceeds from oil sale donated to Ukraine’s Armed Forces
In Lviv region, UAH 1 million in proceeds from sale of oil were transferred as donations to the Armed Forces of Ukraine.
31 October 2023
Ukraine to receive assistance for farmers under World Bank's emergency project
The World Bank is implementing the Ukraine Agriculture Recovery Inclusive Support Emergency (ARISE) Project that will help more than 90,000 farmers to access affordable loans and receive grants for agricultural production.
Russia attacks DTEK thermal power plant in frontline region yesterday
Russia attacked a thermal power plant of DTEK Group in a frontline region on Monday evening, October 30.
Banks issue UAH 1.9B in affordable loans last week – Finance Ministry
Last week authorized banks issued 454 soft loans worth UAH 1.9 billion under the program Affordable Loans 5-7-9% in Ukraine.
ECB keeps up pressure on banks to cut ties with Russia
The European Central Bank (ECB) continues to put pressure on banks to loosen ties with Russia. However, the institution understands that it is not easy for banks to get approval from local authorities in Russia to go out of business.
30 October 2023
Government's task to ensure all seized Russian assets work toward rebuilding Ukraine - PM Shmyhal
Prime Minister Denys Shmyhal of Ukraine held a working meeting on the confiscation of frozen Russian assets, noting that Ukraine has sealed the support of a number of partners who are preparing relevant decisions on seizure on their soil.
Marhanets Mining and Processing Plant suspends operations amid shelling, water shortage
In October, the Marhanets MPP suspended mining and processing of raw manganese ore. The employees have been put on idle, and only some units are engaged in repair work.
Two vessels heading to Odesa region ports via temporary corridor
On Monday, October 30, 2023, two vessels will use the temporary Black Sea corridor to enter Ukrainian seaports.
Galushchenko presents nuclear and radiation safety plan in Malta
During a meeting of national security and foreign policy advisers in Malta, Minister of Energy of Ukraine German Galushchenko presented a nuclear and radiation safety plan which is a component of the Peace Formula and provides for the restoration of Ukraine’s control over the Zaporizhzhia NPP.
29 October 2023
Ukraine has already exported more than 8.7M tonnes of grain, legumes
In the 2023/2024 marketing year (from July 1 to October 27, 2023), Ukraine exported 8.721 million tonnes of grain and legumes.
Naftogaz CEO comments on progress in corporate governance reform
Naftogaz is actively pursuing the corporate governance reform and its Supervisory Board will see new members selected in the near future.
28 October 2023
Finland preparing new aid package for Ukraine to protect critical infrastructure – Klymenko
Finland is preparing a new aid package for Ukraine to protect critical infrastructure facilities.
Kubrakov, Janczak discuss Ukraine’s decentralization reform
The team of the Ukrainian Communities, Territories and Infrastructure Development Ministry, headed by Deputy Prime Minister for Restoration of Ukraine and Minister for Communities, Territories and Infrastructure Development Oleksandr Kubrakov, has met with Head of the Council of Europe Office in Ukraine Maciej Janczak and discussed the completion of decentralization reform in Ukraine.
Ukraine has exported 41,000 tonnes of honey this year
In January-September 2023, Ukraine exported 41,000 tonnes of honey.
Ukraine to attract $1.2B from IBRD
Ukraine will attract $1.2 billion from the International Bank for Reconstruction and Development, a member of the World Bank Group, to support the social sphere.
Ukraine already exported over 8.7M t of grain and leguminous crops
In the 2023/2024 marketing year (from July 1 to October 27, 2023), Ukraine exported 8.721 million tonnes of grain and leguminous crops, according to the Ministry of Agrarian Policy and Food of Ukraine.
Ukraine can meet 20% of EU's demand for biomethane - agrarian ministry
Ukraine has the potential to meet up to 20% of the European Union's demand for biomethane production.
Ukrainian farmers harvest 63.2M t of grains, oilseeds
As of October 27, 2023, Ukrainian farmers harvested 63.2 million tonnes of new grain and oilseeds.
Ukraine, Poland developing plan to resolve business issues
A Ukrainian-Polish joint working group will be developing a special action plan to resolve the issues of Polish businesses participating in Ukraine’s reconstruction efforts and Ukrainian businesses operating in Poland.
27 October 2023
Shmyhal: About 30 German companies considering investments in Ukraine’s economy
About 30 German companies are considering the possibility of investing in Ukraine’s economy.