Japan to assist Ukraine with humanitarian demining, agricultural sector recovery
The Government of Japan will help Ukraine with humanitarian demining efforts and the restoration of agricultural sector.
Economy - Latest news
16 October 2023
Kyiv allocates more than UAH 1B for winter preparations, energy infrastructure repairs
Kyiv authorities have allocated more than UAH 1 billion to make preparations for the winter period and renovate the energy infrastructure objects damaged by Russian attacks.
Ukraine’s winter crop plantations to reduce by 20% this year – MP Solomchuk
In 2023, Ukrainian farmers are expected to sow 20% less winter crops compared to last year due to the lack of financing.
More than UAH 11B raised in budgets via ProZorro.Sale auctions
A total of UAH 11.04 billion has been raised towards Ukraine’s various-level budgets via auctions in the ProZorro.Sale system since the beginning of 2023.
This year, 15 new vegetable storage facilities completed in Ukraine
In 2023, 15 new vegetable storage facilities were completed in Ukraine.
Energy ministry: No power supply limits in effect across Ukraine
There has been no need to introduce power outage schedules across Ukraine so far. Power supply limits can be put into effect in case of Russian attacks, adverse weather, or technical failures.
Economy Ministry: Government plans to reduce gender pay gap to 13.6%
The Cabinet of Ministers of Ukraine developed and approved the National Strategy for Reducing Gender Pay Gap, as a result of which the pay gap between men and women will be reduced from 18.6% to 13.6% by 2030.
U.S. special representative for Ukraine's economic recovery arrives in Kyiv
Penny Pritzker, U.S. Special Representative for Ukraine's Economic Recovery, has arrived in Kyiv.
Water level in Zaporizhzhia NPP cooling pond drops to 15.72 m - Energoatom
As of today, October 16, the water level in the cooling pond at the Zaporizhzhia Nuclear Power Plant (NPP) is at 15.72 m. compared to 15.74 m as of October 13.
United States to urge allies to direct interest generated on Russian assets to Ukraine – mass media
The United States is planning to encourage European officials to take concrete steps to capture the interest generated on the Russian assets that had been frozen.
Ukraine’s non-bank financial institutions to disclose information in line with int’l standards from next year
Starting next year, non-bank financial institutions will report to the banking regulator in accordance with international standards and EU directives.
State Property Fund raises UAH 59M from eight privatization auctions
Over the past week, the Ukrainian State Property Fund has raised UAH 59 million in the state budget from eight privatization auctions.
Ukraine finding it harder to receive financial support from partners – finance minister
Ukraine is finding it harder to secure financial support as the attention of officials in key donor countries shifts to upcoming elections and geopolitical tensions heighten.
15 October 2023
Guarantee letters from Ukraine’s military units for humanitarian aid to be canceled from Dec 1
Among the innovations in the import of humanitarian aid from December 1 is the cancellation of guarantee letters previously required from military units, as well as a number of other documents.
IMF creates fund to support reforms in Ukraine
The International Monetary Fund (IMF) established a Ukraine Capacity Development Fund, which had already received $14 million from donors.
Ukraine's membership in IAEA Board of Governors can speed up ZNPP's de-occupation - Galushchenko
Ukraine will work on expanding the powers of the International Atomic Energy Agency during its membership in the IAEA Board of Governors and this, in turn, will help speed up the de-occupation of the Zaporizhzhia Nuclear Power Plant (ZNPP).
Farmers in Kharkiv region thresh almost 1.5M tons of grain
Agricultural companies operating in Kharkiv region have already threshed 1,473,000 tons of grain from early and late crops.
14 October 2023
Another TPP power unit put into operation following repairs - Energy Ministry
Two days ahead of schedule, the repair of another power unit of a Ukrainian thermal power plant was completed, which allowed adding 160 MW of power to the energy grid.
Ukraine gets almost $33B from G7 since war-start - Finance Minister
Since the start of the full-scale war, Ukraine has received almost $33 billion from the G7 member states. These funds have become key in ensuring the balance of Ukraine's state budget and financing critical expenses.
Ukrainian, U.S. officials discuss support for Ukraine's energy sector
Ukrainian Energy Minister German Galushchenko has held a virtual meeting with U.S. Assistant Secretary of State for Energy Resources Geoffrey Pyatt.
Kubrakov: Export potential of Ukrainian ports shrinks by 40%
A 40% decrease in the export potential of Ukrainian ports and almost 300,000 tonnes of destroyed grain is Russia's attempt to deepen the food crisis in countries that depend on Ukrainian products.
Ukraine’s trade turnover reached $73.7B over nine months
In January-September 2023, Ukraine’s trade turnover reached $73.7 billion.
More than 26,000 individual entrepreneurs registered in Diia in Sept
In September 2023, 26,032 new individual entrepreneurs were registered in Ukraine in the Diia app, which is the highest number in the past three years.
13 October 2023
Zelensky: Netherlands will help guarantee safety of export corridor in Black Sea
The Netherlands will help guarantee the safety of cargo ships passing through alternative corridors in the Black Sea.
IMF optimistic about Ukraine's economic growth
The International Monetary Fund expects that Ukraine's GDP will demonstrate growth dynamics in the coming months and will exceed forecasts given the efforts of macroeconomic stabilization and restoration of economic activity.
Romania approves new conditions for Ukrainian grain imports
The Romanian government has adopted a resolution approving a mechanism for the import of a group of Ukrainian agricultural products agreed with Kyiv, which aims to protect Romanian farmers.
Government planning to raise about $42B in aid from partners by year-end – PM Shmyhal
The government is planning to raise about $42 billion in aid from international partners by the end of the year.
Second review of IMF programme for Ukraine expected next month
The second review of the International Monetary Fund's Extended Fund Facility (EFF) programme for Ukraine is expected next month.
Some 28 enterprises already corporatized – Ukroboronprom CEO
Twenty-eight enterprises, acting as part of Ukrainian Defense Industry JSC (formerly known as Ukroboronprom State Concern), have already changed their organizational and legal form. Another seven enterprises are undergoing corporate restructuring.
Ukraine accumulates 15.5 bcm of gas, over 1.2M tonnes of coal – PM Shmyhal
As part of preparations for the heating season, Ukraine has already accumulated 15.5 billion cubic meters of natural gas and more than 1.2 million tonnes of coal.