Ukraine exports more than 7.5 million tons of grains, pulses
In the 2023/2024 marketing year (from July 1 to October 13, 2023), Ukraine has exported 7.545 million tons of grains and legumes.
Economy - Latest news
13 October 2023
President’s Office outlines main conditions for investment inflow
The main condition for the investment inflow for the country's recovery is the minimization of military risks and structural reforms.
EIB provides €30 million to projects in Ukraine
EIB President Werner Hoyer and EIB Vice-President Teresa Czerwińska met Ukrainian Minister for Finance Sergii Marchenko during the World Bank Group-IMF Annual Meetings in Marrakesh.
Minister Marchenko: GDP growth this year forecasted at 4.7%
Ukraine's economy demonstrated resilience this year, its growth is expected to reach 4.7%.
State Property Fund sells Kryvbasproekt for UAH 54.3M
The State Property Fund of Ukraine sold the State Institute for Design of Mining Enterprises Kryvbasproekt for UAH 54.3 million; the starting price was almost doubled.
NBU Governor meets with central bank heads in Morocco
At the Annual Meetings of the World Bank Group and the International Monetary Fund (IMF) in Morocco, National Bank of Ukraine (NBU) Governor Andriy Pyshnyy held a number of bilateral meetings with central bank heads.
Lithuania implements three new projects in Ukraine worth €1 million
The Lithuanian Cabinet of Ministers has approved the implementation of three new reconstruction projects in Ukraine with a budget of almost €1 million.
Shmyhal announces privatization of five large objects next year
The State Property Fund of Ukraine has already implemented objects worth UAH 4.5 billion as part of small privatization this year, and it is planned to privatize five more large objects next year.
Economy Ministry expects Ukraine’s economy to grow at least 4% this year
Ukraine’s economy is expected to grow at least 4% this year, and at least 5% next year.
PM Shmyhal: Inflation will not exceed 8-9% in 2023
Prime Minister Denys Shmyhal has said that inflation will not exceed 8-9% in 2023.
Ukraine expects U.S. assistance regarding seized Russian assets – Finance Ministry
The Ukrainian Finance Ministry expects that the United States and its allies will develop a mechanism to use the seized assets of the Russian Federation for the benefit of Ukraine.
12 October 2023
Decentralization of energy system is matter of security – Kudrytskyi
The construction of small power plants is a matter of security of energy supply, as well as a lower price of the energy mix in Ukraine.
PM Shmyhal speaks at Kyiv International Forum about key sectors of economy
Prime Minister Denys Shmyhal has said that the military-industrial complex, the agricultural, IT and energy sectors are key sectors that will form the basis of the future economy.
Minister Kamyshin: Ukraine’s defense production to grow monthly
In the next six months, Ukraine’s defense production volumes will be growing on a monthly basis.
Marchenko, Gentiloni discuss Ukraine’s budget policy, European integration
At the Annual Meetings of the World Bank Group and the IMF, Ukrainian Finance Minister Sergii Marchenko met with European Commissioner for Economy Paolo Gentiloni.
Minister Galushchenko: Ukraine’s energy system ready for heating season
Ukraine’s energy system is ready for the autumn and winter period.
Russia acts as ‘unnecessary link’ in Ukraine’s grain exports to international markets – envoy
Russia acts as an ‘unnecessary link’ in the chain of Ukrainian grain supplies to international markets.
Georgieva outlines three important achievements of Ukraine under IMF's arrangement
In the process of preparing for the second review of the Extended Fund Facility (EFF) arrangement for Ukraine, the International Monetary Fund noted at least three important achievements of Ukraine related to the economic stabilization.
World Bank President: Private investments may meet one third of Ukraine's needs
The World Bank positively assesses Ukraine's course towards the implementation of reforms and assumes that, under appropriate conditions, private investments may meet a third of the needs for the country’s recovery.
Next year's budget deficit will be about 21% of GDP - PM Shmyhal
Ukraine will require about $42 billion in financial assistance to cover the budget deficit in 2024.
Yatsenyuk about transferring Russia's frozen assets to Ukraine: Punishment and justice must come
Russia's frozen assets do not cover all Ukraine's losses, but their transfer to Ukraine and affected citizens is a fundamentally important contribution to compensating for the aggressor's crimes.
Ukraine, IFC discuss joint projects at World Bank-IMF Annual Meetings
At the Annual Meetings of the World Bank Group and the International Monetary Fund (IMF) in Morocco, the Ukrainian delegation held a meeting with the International Finance Corporation’s Managing Director Makhtar Diop and Vice President for Europe, Latin America and the Caribbean Alfonso Garcia Mora.
Ukraine’s state budget receives $1.15 B grant from US
The Ministry of Finance of Ukraine attracted a $1.15 billion grant from the USA through the World Bank's Multi-Donor Trust Fund.
Over 57 mcm of natural gas sold on UEEX in Sept
In September 2023, 57.19 million cubic meters of natural gas were sold on the Ukrainian Energy Exchange (UEEX).
Ukraine accumulates 15.75 bcm of natural gas in underground storage facilities
Ukraine's JSC Naftogaz expects natural gas reserves in the country's underground storage facilities to exceed 16 billion cubic meters before the winter sets in.
Ukraine’s finance minister meets with IMF, World Bank management
Finance Minister Sergii Marchenko of Ukraine held a series of meetings with the management of the International Monetary Fund and the World Bank to discuss the current economic situation in Ukraine and progress of cooperation.
UNDP to provide Kyiv region with technical support to restore another 56 objects
The United Nations Development Programme (UNDP) will provide Kyiv region with technical support in the restoration of 56 objects with funds from the Fund for the Elimination of the Consequences of Armed Aggression.
11 October 2023
IMF chief says Ukraine recovering quicker than expected
Managing Director of the International Monetary Fund, Kristalina Georgieva, praised the Ukrainian government’s efforts in the field of managing the economy amid war, noting that the economic recovery is happening quicker than the fund predicted.
Ukraine, Slovakia prime ministers discuss transit of agricultural products
Prime Minister of Ukraine Denys Shmyhal discussed the issue of transit of Ukrainian agricultural products with Prime Minister of Slovakia Ľudovít Ódor.
Ukraine nearing second review of EFF arrangement – Pyshnyy
Ukraine is on the threshold of the second review of the Extended Fund Facility arrangement with the IMF, so the key focus is on what has been done to complete it and on overall progress throughout the year.