NBU improves its economic growth forecast for 2023
The National Bank of Ukraine (NBU) has improved its forecast for real GDP growth from 2.9% to 4.9% in 2023.
Economy - Latest news
27 October 2023
NBU governor: Ukraine to get about $45B in loans and grants this year
According to forecasts of the National Bank of Ukraine, the total amount of financial assistance in the form of loans and grants will reach about $45 billion dollars in 2023.
Ukraine, Spain to enhance cooperation in ensuring global food security
Ukraine and Spain discussed the key areas of strengthening economic cooperation between the countries, including ensuring global food security.
26 October 2023
Germany transfers more than €54 million to Energy Support Fund for Ukraine
The German Federal Ministry for Economic Affairs and Climate Protection will transfer another 54.3 million euros to the Energy Support Fund of Ukraine
Japan’s Reconstruction Agency to assist Ukraine in restoration
Japan’s Reconstruction Agency, which has many years of experience in successfully restoring large-scale damage after natural disaster, is ready to help the Agency for Restoration of Ukraine in reconstruction and in several areas of project implementation.
NBU improves inflation forecast for year end
The National Bank of Ukraine (NBU) estimates that inflation will reach 5.8% by the end of 2023.
NBU cuts key policy rate to 16%
The National Bank of Ukraine (NBU) has decided to cut its key policy rate to 16%.
NBU, EBRD discuss Ukraine’s financial sector situation
The National Bank together with the European Bank for Reconstruction and Development discussed a number of issues, including the state of the financial sector of Ukraine, the results of the latest assessment of the banking system stability and the transformation of the non-banking sector.
Ukraine, France discuss support for SMEs
Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine, and Gaël Veyssière, Ambassador Extraordinary and Plenipotentiary of France to Ukraine, have discussed war risk insurance, the involvement of French business in the reconstruction and recovery of Ukraine, cooperation with Ukrainian companies and support for small and medium-sized businesses (SMEs).
Kuwait opens its market for Ukrainian poultry
Kuwait has opened its market for Ukrainian poultry meat and other poultry products.
25 October 2023
Ukraine negotiating road ‘green corridor’ for agricultural exports with Moldova, Romania
Ukraine has started negotiations with Moldova and Romania regarding the creation of a "green corridor" between the border crossing points "Reni (Ukraine) – Giurgiuleşti (Moldova) – Galați (Romania)" to speed up the movement of goods and the export of Ukrainian agricultural products.
Germany to donate almost EUR 200M for Ukraine’s energy sector
Germany will allocate an additional EUR 195 million for the needs of Ukraine’s energy companies ahead of the winter period.
Chernyshov: Utilities owe ₴95B to Naftogaz
The problem of debts for consumed gas is quite acute and needs to be addressed.
Two buildings near Khmelnytskyi NPP damaged in Russian attack
On the night of October 25, two buildings of the Khmelnytskyi nuclear power plant (NPP) were damaged; in Netishyn and Slavuta, 1,800 consumers were left without electricity.
GDP grows by 9.1% in Sept - economy ministry
According to preliminary estimates of the Ministry of Economy, GDP growth in September 2023 compared to September last year was about 9.1%.
Ukraine accumulates 16 bcm of gas in UGS facilities – Chernyshov
Ukraine has accumulated 16 billion cubic meters of "blue fuel" in underground gas storage facilities, which will allow country to go through the heating season without importing gas.
Fifty vessels loaded at Ukrainian sea ports since new export corridor opened – Zelensky
Fifty vessels have been loaded at Ukrainian sea ports since the new export corridor was established in the Black Sea, and another 50 vessels are expected to arrive soon.
Ukraine set to see 10% crop increase, up to 79M tonnes - ministry
In September-October, more than 20 vessels departed from the ports of Odesa region, carrying various types of cargo, including agricultural products.
24 October 2023
New sanctions should clamp on import of Western technology to Russia - expert
In the issue of Russia sanctions, there is still a lot of work ahead as Moscow is adapting to existing restrictions, finding loopholes for further import of Western components for weapons production, including through third countries.
Ukraine exports nearly 1.5M tons of agri products via new corridors - Vice PM
Ukraine already sees the results of exports through a new alternative corridor, although deepwater Black Sea ports are still required to restore the country’s economy.
Germany signs investment insurance guarantee with Fixit to support its work in Ukraine
The creation of insurance guarantee programs by Ukraine's partners for their residents encourages foreign companies to invest in the Ukrainian economy now.
Ukraine negotiating with European Commission on financial support worth EUR 18B – Shmyhal
The government of Ukraine is holding talks with the European Commission on the provision of EUR 18 billion in 2024 to cover the budget deficit that will amount to about USD 42 billion.
Zelensky: Ukraine is working on agreements with partners on joint production of air defense systems
Ukraine is working to conclude agreements with international partners on the joint production of air defense systems to protect Ukrainian skies.
Ukrgazvydobuvannia boosts gas deposit exploration efforts by 50% in 2023
In January-September, Geophysical Directorate Ukrgazpromgeofizyka, a branch of JSC Ukrgazvydobuvannia, completed 2,000 deployments to take samples from promising deposits, which is 50% more than made January through September in 2022.
Over UAH 11B raised at Prozorro.Sale auctions this year
Since the beginning of 2023, as of October 16, UAH 11.04 billion has been raised to the budgets at auctions in the Prozorro.Sale system.
Ukrainian farmers raise UAH 60.1B of development loans
Ukrainian agricultural enterprises have raised UAH 60.1 billion worth of loans from banks for development purposes since the beginning of 2023.
23 October 2023
Ukraine facing no default despite large public debt - financial expert
There is no threat of default despite significant growth of Ukraine’s public debt.
Former MEP Harms praises Ukraine’s rapid energy transformation
The war unleashed by Russia forces Ukraine to accelerate its energy transformation efforts, withdrawing from the obsolete Soviet-era centralized system.
EU has to work on strengthening corridors for Ukrainian grain - German Minister
The European Union should make every effort to ensure that Ukraine can export its agricultural products, and that the countries of the Global South receive Ukrainian grain.
Ukraine receives EUR 1.5B from EU - PM Shmyhal
Ukraine received a ninth macro-financial assistance tranche of EUR 1.5 billion from the European Union.