Ukreximbank generates UAH 3.6B in profit since early 2023
State Export-Import Bank of Ukraine JSC (Ukreximbank) has generated UAH 3.6 billion in profit since the beginning of 2023.
Economy - Latest news
20 October 2023
19 October 2023
Ambassador: Türkiye thinks that grain initiative can be revived
Türkiye considers that the resumption of the Black Sea Grain Initiative is possible and continues to make efforts in this direction, being in touch with both the main actors and parties that can contribute to the process.
Government expects Ukraine’s milk production to decline in 2023
The Ukrainian Agrarian Policy and Food Ministry expects that Ukraine’s milk production volumes will reduce by 300,000-400,000 tonnes in 2023.
Ambassador does not rule out further adjustments to Ukraine-Türkiye FTA
The Free Trade Agreement (FTA), which was signed by Ukraine and the Republic of Türkiye in early February 2022, is under the process of ratification at both sides now. Later, considering the war-related circumstances, the parties are likely to make adjustments and changes if needed.
Head of State signs bill increasing budget expenditures for 2023
Ukrainian President Volodymyr Zelensky has signed bill No. 10038 on amendments to the Law of Ukraine ‘On the State Budget of Ukraine for 2023’ to increase funding for the security and defense sector and address priority issues in the amount of UAH 322.6 billion.
NBU: Ukraine received about $34B in loans, grants since early 2023
Ukraine has received about $34 billion in loans and grants from international partners since the beginning of 2023.
Kazakhstan bans exports of drones, microelectronics to Russia
Kazakhstan has introduced a ban on export to Russia of 106 types of goods, including technology, which Russia can potentially use in the defense sector.
Verkhovna Rada passes bill on taxation of banks at first reading
The Verkhovna Rada of Ukraine supported the bill on additional taxation of banks, the proceeds from which will finance the army, at first reading.
Rada passes draft state budget for 2024 at first reading
The Verkhovna Rada of Ukraine passed the draft State Budget of Ukraine for 2024 at first reading.
Two more vessels leave Odesa region ports through Black Sea corridor
Two more bulk carriers left the ports of Odesa region through the temporary Black Sea corridor.
State Property Fund raises UAH 21.4M from five privatization auctions
On October 18, 2023, the Ukrainian State Property Fund held five privatization auctions, raising UAH 21.4 million towards the state budget.
Ukraine, Romania agree to build bridge on state border
During the Rebuilding Ukraine Forum 2023, which opened in Bucharest on October 18, 2023, Ukraine and Romania signed an intergovernmental agreement on the construction of a road bridge crossing.
Ukraine may send humanitarian grain shipment to Nigeria, Sudan
As part of the Grain from Ukraine humanitarian food program, the Ukrainian side may send 57,000 tonnes of grain to Nigeria and Sudan.
Warsaw to supply 18 subway cars to Ukraine’s Kharkiv
Warsaw Metro will hand over to Kharkiv three subway trains, which totals 18 cars, as humanitarian aid.
Germany seeks to accelerate integration of Ukrainians into labor market
Over the past one and a half years, Germany has welcomed many Ukrainians fleeing war, giving them access to the labor market, but now the need is obvious to accelerate the process and streamline employment for displaced persons.
Etsy Payments online platform starts working in Ukraine
Ukrainian sellers of handmade goods get an opportunity to register on Etsy Payments online platform.
NBU says new banks not in demand in Ukraine
Over the past five years, the National Bank of Ukraine (NBU) has not received a single package of documents for the creation of a new bank.
Number of rebuilt objects in Kyiv region to increase to 18,000 before year end
In the Kyiv region, the number of objects, which were renovated following Russian attacks, is expected to increase to 18,000 by the end of 2023.
Over 225,000 ha of Ukrainian farmland inspected for mines since year-start - Economy Ministry
Since the start of 2023, more than 225,000 hectares of agricultural land prioritized for return to economic use have been surveyed.
NACP initiates sanctions against Russian manufacturers of diamond mining equipment
The National Agency on Corruption Prevention (NACP) put six Russian companies that manufacture diamond mining and processing equipment on the list of candidates for sanctions.
18 October 2023
Businesses maintain positive assessments of development prospects - survey
Despite the ongoing war, Ukrainian CEOs are expecting an increase in business activity in the next 12 months, for the second quarter in a row.
Germany, UK not to return to former energy ties with Russia after war in Ukraine
Germany and the United Kingdom believe that, even if Russia ended its war in Ukraine and there was regime change in Moscow, the trading relationship between Europe and the aggressor state would not be restored.
Naftogaz Group’s tax payments exceed UAH 70B over nine months
In January-September 2023, Naftogaz Group transferred more than UAH 70 billion worth of tax payments to Ukraine’s state and local budgets.
PM Shmyhal: 60% of Ukrainian grain exported through Romania
Cooperation between Ukraine and Romania, which is a reliable economic partner, reaches a qualitatively new level.
Most employers plan to increase number of vacancies next year
In 2023, 51% of companies continued to hire employees, and 65% of businesses plan to open job vacancies next year.
ENTSO-E planning to increase electricity trade capacity in November
The European Network of Transmission System Operators (ENTSO-E) is planning to endorse a decision on increasing the capacity of interstate crossings between Ukraine and EU countries for electricity trade purposes in November 2023.
Electricity production volumes enough to meet all consumer needs – Ukrenergo
Ukrainian power plants are generating enough electricity volumes to meet the needs of household and commercial consumers.
IAEA inspects Rivne NPP
The International Atomic Energy Agency conducted an inspection at the Rivne nuclear power plant for the absence of undeclared nuclear material.
Nibulon grain exports this marketing year stand at 596K tons
In the first quarter of the 2023/2024 marketing year, Ukraine’s Nibulon shipped 596,000 tons of grain for export.
Shmyhal: UAH 62B already allocated from Recovery Fund for infrastructure restoration
UAH 62 billion has already been allocated from the Recovery Fund for the restoration of critical and social infrastructure.