Ukraine to use UAH 1.8B IBRD grant to restore critical logistics infrastructure
The Ukrainian government will use a UAH 1.8 billion grant from the International Bank for Reconstruction and Development to restore critical logistics infrastructure.
Economy - Latest news
09 October 2023
08 October 2023
Of planned 1.7 GW of additional capacity, 1.5 GW already added to Ukraine’s power grid
Of the planned 1.7 GW of additional capacity, 1.5 GW have already been added to the national power system.
Over 200 Ukrainian companies start developing drones this year – PM Shmyhal
Ukraine works on strengthening its own defense capabilities and recovery.
07 October 2023
South Korea, Ukraine discuss infrastructure reconstruction projects – media
South Korea's Trade Minister Dukgeun Ahn met with a group of Ukrainian officials on Friday and discussed ways to enhance bilateral cooperation on rebuilding war-torn infrastructure and broader economic ties.
PM Shmyhal meets with governors to discuss protection of energy facilities
Prime Minister Denys Shmyhal discussed with the heads of regional military administrations the protection of energy facilities and rapid recovery projects.
Ukraine develops AI regulation roadmap
The Ministry of Digital Transformation has developed a roadmap for the regulation of artificial intelligence in Ukraine.
Local budgets receive UAH 330.3B in Jan-Sept 2023
In January-September 2023, local budgets received UAH 330.3 billion in payments controlled by the State Tax Service.
Ukraine’s commercial vehicle market recovering in Sept 2023
In September 2023, a total of 1,012 new commercial vehicles were registered in Ukraine, which is 6% higher compared to August 2023 and 65% higher compared to September 2022.
Naftogaz Group’s portfolio of non-resident customers expands to 148 companies
Naftogaz Group’s portfolio of non-resident customers has increased to 148 companies since early 2023. A total of 2.2 billion cubic meters of natural gas is being stored by foreign customers in Ukrainian underground gas storage facilities at the moment.
Nobel prize winner Matviychuk: Legal mechanisms needed to use Russia’s frozen assets for Ukraine recovery
One and a half trillion rubles worth of Russia’s state assets has been frozen abroad, which should be legitimately used for the reconstruction and modernization of Ukraine.
NBU liquidates Ukrbudinvestbank
The National Bank of Ukraine (NBU) has decided to revoke the banking license and liquidate JSC Ukrainian Construction and Investment Bank (Ukrbudinvestbank).
06 October 2023
Antonov seals membership in ASD
SE Antonov received individual membership in the European Aerospace and Defense Industry Association (ASD).
Ukraine’s foreign reserves down to $39.7B in September - National Bank
International reserves of Ukraine as of October 1, 2023 amounted to $39.708 billion, which is 1.7% down against the previous month.
The Netherlands sending EUR 102M in extra aid to Ukraine
The Netherlands is allocating EUR 102 million for the third aid package to Ukraine in 2023.
Economy Ministry predicts GDP growth of up to 5% by year-end
Ukraine’s GDP is expected to grow up to 5% by the end of the year, according to the Ministry of Economy.
Almost 38,000 ha of land already sold at ProZorro.Sale auctions
At online auctions through the Prozorro.Sale system, almost 38,000 hectares of land have already been sold or leased in Ukraine.
Parliament increases 2023 state budget expenditures to record amount
The Verkhovna Rada, Ukraine’s parliament, adopted at second reading amendments to the State Budget of Ukraine for 2023, which increase budget expenditures by UAH 322.6 billion.
Some 46.7M tonnes of grain, oilseed crops already harvested in Ukraine
As of October 6, 2023, Ukrainian farmers harvested 46.7 million tonnes of grain and oilseed crops.
Eighteen new longwalls put into service by DTEK Energy over nine months
DTEK Energy put into service 18 new longwalls in January-September 2023 and is planning to launch nine more before the end of the year.
Ukraine’s steel exports reach 88,000 t over two months since temporary corridor opened
Over two months since the temporary humanitarian corridor was opened, about 88,000 tonnes of steel products and more than 172,000 tonnes of iron ore raw materials have been exported from Ukrainian sea ports.
Anti-graft watchdog raids companies involved in defense supplies
Detectives from the National Anti-corruption Bureau conducted searches in private companies related to the supply of defense industry products, within the framework of criminal proceedings regarding the possible grave embezzlement of budget funds in defense procurement.
Poland demands that Ukraine not "put on pause" but withdraw its claim from WTO
Warsaw demands that Kyiv pull its claim from the World Trade Organization regarding the import of Ukrainian grain rather than "put it on pause."
UK allocates funds to Ukraine to ease situation in winter
The UK government has announced financial assistance to Ukraine to help ease the situation in the winter period.
Azerbaijan, North Macedonia open markets for some Ukrainian products
The Ukrainian State Service on Food Safety and Consumer Protection has reached agreements on the export of certain Ukrainian products to the Republic of Azerbaijan and the Republic of North Macedonia.
Twenty-seven investment projects implemented in Vinnytsia region since early 2023
In January-September 2023, twenty-seven investment projects were implemented in the Vinnytsia region, totaling about UAH 1.2 billion.
Ukraine, UK discuss European integration, reforms, business support
The representatives of Ukraine and the United Kingdom have discussed Ukraine’s European integration commitments, priority reforms, and the development of key industries.
05 October 2023
Ukraine ‘pauses’ WTO lawsuit regarding grain case
Ukraine has ‘paused’ a lawsuit filed with the World Trade Organization (WTO) against certain Member States of the European Union and continues consultations in order to find a constructive solution to the ‘grain issue’, which would meet the interests of neighboring countries and Ukraine itself.
Moldova introducing free gas transit for Ukraine during winter months
The Emergency Situations Commission of Moldova called on the regulator of Moldova’s gas transmission system to ensure a free flow of European gas to storage facilities through four points on the Ukrainian-Moldovan border.
Turkish business hopes for restoration of Black Sea Grain Initiative
Harvesting increases the demand for grain exports from Ukraine as alternative land routes cannot sustain the volume of exports that the Black Sea Grain Initiative provided, so its restoration is important, especially to prevent food shortages in African countries.
Germany’s agri minister pays visit to Ukraine
Minister of Agriculture of the Federal Republic of Germany Cem Özdemir arrived on a visit to Odesa, where he vowed continued support to Ukraine.