EU does not extend ban on Ukrainian grain exports
The European Union will not extend temporary restrictions on Ukrainian grain exports to five neighboring countries.
Economy - Latest news
15 September 2023
Polish minister promises indefinite embargo on grain from Ukraine
If the European Commission (EC) does not decide by the end of the day to extend the embargo on imports of Ukrainian grain to the markets of five EU countries (Poland, Slovakia, Hungary, Romania, Bulgaria), the Polish government will independently adopt such a decree, which will be indefinite.
Ukraine will need $10-15B for rapid recovery next year - PM
In 2024, Ukraine will need USD 10-15 billion for rapid recovery.
Ukraine will be forced to resort to WTO arbitration in case of blocking grain exports - Shmyhal
Ukraine will be forced to go to World Trade Organization (WTO) arbitration if Ukrainian grain exports are blocked. But the country hopes for a consistent position of the European Commission (EC) and the responsibility of neighboring countries.
Korean business to help rebuild Ukraine, bilateral documents signed in Kyiv
Ukraine and South Korea have agreed to develop infrastructure recovery projects with the involvement of Korean expertise in high technology and Korean business investments.
Govt approves bill on Ukraine's state budget for 2024
The Cabinet of Ministers at a meeting on Friday approved the bill on Ukraine's state budget for 2024.
European Commissioner proposes phase-out of Russian LNG imports
The European Union should strive to reduce the import of Russian liquefied natural gas (LNG) to the point of its complete cessation.
Russian oligarchs withdrew at least $50B from Europe - Bloomberg
Russian billionaires, burdened by international sanctions and pressured by Putin to repatriate their wealth, have withdrawn tens of billions of dollars in assets from Europe after Russia's invasion of Ukraine.
British intelligence notes Ukraine's decoupling from Russian nuclear fuel
Britain noted Ukraine's transition to Western-made nuclear fuel, which is another step towards energy independence from Russia.
14 September 2023
Ukraine, South Korea sign intergovernmental agreement on soft loans
Ukraine and South Korea have signed an agreement on the provision of concessional loans for the implementation of projects with the participation of Korean companies.
Ukraine's president meets with South Korea's infrastructure minister
Ukrainian President Volodymyr Zelensky has held a meeting with South Korea's Minister of Land, Infrastructure, and Transport Won Hee-ryong and business representatives.
Biden announces new U.S. special representative for Ukraine's economic recovery
U.S. President Joe Biden has named former U.S. Secretary of Commerce Penny Pritzker as Special Representative for Ukraine's Economic Recovery.
NBU cuts key policy rate to 20%
The National Bank of Ukraine (NBU) has decided to cut its discount rate to 20%.
Any restrictions on agri-exports from Ukraine to be unkustified, illegal – MFA
Ukraine expects that the European Commission will cancel any restrictions on Ukrainian agricultural products after its expiration on September 15.
IAEA missions complete rotations at Ukrainian NPPs - inspectorate
On September 4-8, the International Atomic Energy Agency rotated its missions at Ukrainian nuclear power plants.
Bulgarian parliament allows Ukrainian grain imports after Sept 15
Bulgaria’s National Assembly approved a decision to lift the ban on the imports of various foodstuffs from Ukraine after September 15.
UN plans to help 1M Ukrainians in winter
The UN Shelter and Non-Food Item (SNFI) Cluster in Ukraine plans to provide winter kits to 1 million Ukrainians.
No plans to apply blackouts from Oct 1 - Energy Ministry
The Ministry of Energy states that there are no plans to introduce blackouts in any region starting October 1. As of today, no power outages for household consumers are expected during the entire autumn-winter period.
Owner of Calvin Klein, Tommy Hilfiger withdraws from business in Russia
The American company PVH Corp., which owns the Calvin Klein and Tommy Hilfiger brands, has left the Russian market.
13 September 2023
Ukrainian, Slovak PMs discuss Ukrainian grain exports
Ukrainian Prime Minister Denys Shmyhal and his Slovak counterpart Ludovit Odor have discussed exports of Ukrainian agricultural products, including assistance in lifting all restrictions on grain exports.
Russia's attacks on Ukrainian ports damaged 105 infrastructure facilities
Russia’s attacks have damaged 105 port infrastructure facilities in Ukraine since July 18, the suspension of the grain export deal.
Hetmantsev to support opening of asset declarations register
Chairman of the Verkhovna Rada Committee on Finance, Taxation and Customs Policy Danylo Hetmantsev will support the immediate opening of the register of declarations in accordance with the President's proposals to the vetoed bill that retained restrictions on e-declarations.
Hungary wants to extend ban on Ukrainian grain imports after Sept 15
Hungarian Agriculture Minister Istvan Nagy has said that Hungary has agreed with Romania, Slovakia and Bulgaria that the four countries would impose national bans on Ukrainian grain imports to protect their markets if the EU does not extend a ban that expires on September 15.
12 September 2023
Defense Procurement Agency to build transparent relations with all stakeholders - CEO
The Defense Procurement Agency under Ukraine’s Defense Ministry will build up clear and transparent relations with all stakeholders.
Prices for gas, heating, hot water will remain unchanged until end of heating season - PM
Prices for natural gas, heating and hot water in Ukraine will remain unchanged until the end of the heating season.
Ukraine receives $2.3B from partners to restore, protect energy infrastructure - PM
Ukraine's international partners have already provided $2.3 billion to restore and protect the country's energy infrastructure.
Poland warns European Commission it will extend ban on Ukrainian grain after Sep 15
The Council of Ministers of Poland at a meeting on Tuesday adopted a resolution warning the European Commission that it will unilaterally extend the embargo on Ukrainian grain after September 15 if Brussels does not take a respective decision.
Poland will not open its border for Ukrainian grain - Morawiecki
The Polish government will unilaterally decide to blockade Ukrainian grain starting September 15 if the European Commission (EC) does not extend the ban on imports of wheat, corn, rapeseed, and sunflower from Ukraine to five EU countries (Poland, Slovakia, Hungary, Romania, and Bulgaria).
European Commission to hold extended meeting of "grain" Coordination Platform Sep 13
The European Commission continues exploring a mutually acceptable solution to the problem of Ukrainian grain imports to five neighbors of Ukraine from among the EU members, and next Wednesday, September 13, will hold another meeting within the framework of the Coordination Platform with the participation of Ukraine and the five mentioned countries - Poland, Slovakia, Bulgaria, Romania, and Hungary.
11 September 2023
Orbán announces Hungary's plans to snub Russian nuclear fuel
The Prime Minister of Hungary, Viktor Orbán, announced his intention to abandon the use of Russian fuel at the country's only nuclear power plant.