At meeting of G7 defense ministers, Umerov calls for investment in Ukrainian defense industry
During the G7 meeting of defense ministers in Naples, Defense Minister Rustem Umerov invited partners to invest in the Ukrainian defense industry.
Economy - Latest news
19 October 2024
Ukraine’s GDP up by 4.5% over nine months – economy ministry
In January-September 2024, Ukraine’s gross domestic product (GDP) increased by 4.5% compared to the same period last year.
Ukraine already harvests 60.8M tonnes of grain, oilseed crops
As of October 18, 2024, a total of 60.8 million tonnes of the new-harvest crops were gathered across Ukraine, including 22.3 million tonnes of wheat.
18 October 2024
IMF allocates another $1.1B tranche for Ukraine
The International Monetary Fund approved the allocation of another tranche to Ukraine, worth $1.1 billion, within the framework of the Extended Fund Facility (EFF).
Over 740 customs investigations conducted by Finland into possible violations of sanctions against Russia – Shmyhal
Finland has carried out more than 740 customs investigations into the possible violations of sanctions restrictions imposed on the Russian Federation.
Poltava region’s farmers obtain development loans worth more than UAH 3.4B
In the Poltava region, a total of 507 farmers have been provided development loans worth more than UAH 3.4 billion.
Ukraine's partners provide additional USD 70M to support demining
During the Ukraine Mine Action Conference-2024 (UMAC-2024), partner countries announced additional commitments to support humanitarian demining in the amount of almost USD 70 million.
Some 115,000 t of sugar produced in Vinnytsia region
The Vinnytsia region’s sugar refineries have already produced 115,000 tonnes of sugar.
Russia’s assets should remain immobilised until Russia ceases its war, compensates Ukraine for damage caused – European Council
The European Union leaders have supported a EUR 35 billion loan to Ukraine as part of the G7 initiative to provide Ukraine with a USD 50 billion loan using proceeds from frozen Russian assets. At the same time, Russian assets will remain blocked until Russia ends the war.
World Bank forecasts Ukraine's GDP to grow by 3.2% this year
The World Bank (WB) expects the Ukrainian economy will grow by 3.2% this year and by 6.5% in 2025.
President signs law on customs service reboot
President of Ukraine Volodymyr Zelensky has signed the draft bill ‘On Amendments to the Customs Code Regarding the Introduction of the Appraisal of Customs Officials’.
17 October 2024
IAEA visits to Ukrainian NPP substations: Galushchenko comments on talks with Grossi
Energy Minister German Galushchenko has said that a new round of visits by the International Atomic Energy Agency (IAEA) mission to Ukrainian NPP substations will begin next week to check the current situation there. He discussed this issue in detail at a meeting with IAEA Director General Rafael Grossi in Paris.
Economic component of Victory Plan aimed at protecting Ukraine's and EU's interests – Zelensky
An important part of Ukraine's Victory Plan is its economic component, which aims to protect the economic interests of both Ukraine and the European Union which Ukraine seeks to join.
Ternopil region produces more than 109,000 t of sugar
This season sugar refineries in the Ternopil region have already produced more than 109,000 tonnes of sugar.
Almost $300M from Canada already transferred to Ukraine’s budget – PM Shmyhal
Almost $300 million, which Canada allocated for Ukraine, have already arrived on treasury accounts.
Russia to lose $6.5B annually after EU abandons Russian gas – expert’s opinion
The European Union’s readiness to live without Russian gas and suspend its supply towards the EU are very beneficial to Ukraine, as the aggressor state will lose USD 6.5 billion annually in budget revenues in this case.
Ukraine working with partners to increase electricity imports ahead of winter – MP
Ukraine is working with the European partners to increase electricity imports during the winter period.
Improvement on global steel market expected not sooner than in H2 2025 – expert’s opinion
The global decline in the demand for steel is the biggest problem of Ukraine’s metallurgical industry. The revival of steel consumption in Europe is expected not sooner than in the second half of 2025.
16 October 2024
Nordic-Baltic Eight countries sign ‘winter aid package’ worth EUR 44M for Ukraine
The foreign ministers of the Nordic-Baltic Eight (NB8) countries have signed a EUR 44 million aid package for Ukraine. The funds will be used to purchase generators and solar panels.
Naftogaz Group transfers about UAH 67B in tax payments since early 2024
In January-September 2024, Naftogaz Group transferred about UAH 67 billion in tax payments to Ukraine’s state and local budgets.
Gas reserves in Ukrainian underground storage facilities reach 12.8 bcm - ExPro
As of October 15, natural gas reserves in Ukraine's underground storage facilities exceeded 12.8 billion cubic meters (bcm).
State-owned banks ready to provide lending for communities to install generation – energy ministry
Ukrainian state-owned banks are ready to provide lending for local communities planning to install power generation facilities.
Brave1 participants already receive $8M in grants from the state – Fedorov
The Brave1 defense tech cluster participants have already received USD 8 million in grant support from the state for the development of technology startups.
15 October 2024
PM Shmyhal assures that there enough money for “winter” subsidies, benefits
The Pension Fund will automatically recalculate the amount of payments for the heating season for people who receive housing subsidies and benefits.
Kharkiv will receive 127 cogeneration units - PM
As part of its winterization efforts, the government is paying attention to nine frontline and border areas. In particular, 127 cogeneration units and eight gas piston units have been delivered or confirmed to Kharkiv.
14 October 2024
Poltava region’s farmers obtain over UAH 69M in government assistance via SAR
In the Poltava region, a total of 515 agricultural producers have obtained UAH 69.2 million in government assistance for about 17.3 thousand hectares of cultivated land.
More than 180 small businesses set up by veterans in Ivano-Frankivsk community
The veterans who returned from the Russo-Ukrainian war have already set up more than 180 small businesses in the Ivano-Frankivsk community.
Zelensky visits production facilities of defense industry
President Volodymyr Zelensky visited production facilities of the defense industry and thanked its employees for their contribution to strengthening the country.
13 October 2024
Heat supply phase begins in preparation for heating season – State Energy Inspection
As Ukraine prepares for the heating season, the heat supply phase is now beginning.
Every region of Ukraine to receive development roadmap in February
In February 2025, each Ukrainian region will receive its own development roadmap.