Three sugar refineries already running in Vinnytsia region
Three out of five sugar refineries that declared readiness to start the production season are already running in the Vinnytsia region and have produced 21,000 tonnes of sugar.
Economy - Latest news
20 September 2024
Kirovohrad region’s agricultural enterprises suffer UAH 5.1M in losses from Russian aggression
The area of crop fields destroyed by Russian attacks has reached about 130 hectares in the Kirovohrad region, and the total amount of losses is UAH 5.1 million.
Ukraine’s gas transmission system to increase connectivity between gas markets of Europe – GTSOU
Ukraine’s gas transmission system is capable of removing obstacles between the markets of the Central and Eastern Europe (CEE) and the Balkans, as well as increasing the security of supply in Europe.
19 September 2024
This winter, Ukrainians should expect blackouts lasting from 4 to 18 hours - UN
From March to August, Russia executed ine waves of large-scale, complex, and coordinated attacks on energy facilities in 20 regions of Ukraine and in Kyiv. This can cause power outages lasting from 4 to 18 hours per day in the upcoming winter.
EU allocates another EUR 160 million to prepare Ukraine's energy system for winter
The European Commission will additionally allocate about 160 million euros to help Ukraine's energy system in the face of Russian attacks.
Naftogaz Group increases gas production volumes by more than 7% since early 2024
In January-August 2024, Naftogaz Group increased gas production volumes by more than 7% compared to the same period last year.
EU seeks to sanction as many Russian "shadow fleet” tankers as possible - special envoy
Russia's use of a "shadow fleet" of tankers is a major factor in evading EU sanctions on maritime oil trade.
Large privatization: Kyiv-based Ukraine Hotel sold for UAH 2.5B
The first large privatization auction has been completed in the Prozorro.Sale system, selling Kyiv-based Ukraine Hotel for UAH 2.5 billion.
18 September 2024
Zelensky: For more than year of work, 70 million tonnes of cargo have been transported through sea corridor
For more than a year of operation of our export sea corridor, 70 million tons of cargo have been transported. More than 2500 vessels have left Ukrainian ports.
G7 ambassadors welcome Ukraine's approval of customs reform
The ambassadors of the Group of Seven (G7) countries have welcomed the adoption by the Verkhovna Rada of the customs service reform legislation.
VR supports increasing budget by UAH 500B for military needs
The Verkhovna Rada of Ukraine has endorsed as a whole a draft bill on increasing the 2024 budget by UAH 500 billion for military needs.
Ukraine's GDP up by 3.5% in August - economy ministry
In August 2024, Ukraine’s gross domestic product increased by 3.5% on year.
Minister Galushchenko, U.S. delegation discuss protection of critical NPP substations against Russian attacks
Within the framework of the 68th Regular Session of the International Atomic Energy Agency (IAEA) General Conference in Vienna, Ukrainian Energy Minister German Galushchenko met with the U.S. delegation led by U.S. Deputy Secretary of Energy David Turk to discuss the need to protect critical nuclear power plant (NPP) substations against Russian attacks.
Energoatom planning to enhance cooperation with France’s Framatome
Energoatom National Nuclear Energy Generating Company of Ukraine Acting CEO Petro Kotin has held talks with Framatome CEO Bernard Fontana regarding further cooperation.
17 September 2024
Kirovohrad region harvested 2 million tons of late grains and legumes
As of September 10, late grains, legumes and corn were harvested on an area of 470,100 hectares, or 62% of the forecast, and 2 million tons of grain were harvested in Kirovohrad region.
Ukraine may start biomethane exports this November – expert’s opinion
In November 2024, Ukraine may start the export of biomethane towards Europe, after sufficient stocks are accumulated in storage facilities and personnel is trained properly.
VR endorses draft bill on raising taxes on second attempt
The Verkhovna Rada of Ukraine has endorsed in the first reading draft bill No. 11416-d on raising taxes, which is expected to generate an additional UAH 58 billion for the state budget in 2024 and UAH 137 billion in 2025.
Naftogaz Group steps up cooperation with UNDP in relation to 2024/2025 heating season
Naftogaz Group is increasing cooperation with the United Nations Development Programme (UNDP) in relation to energy security and going through the 2024/2025 heating season, namely with regard to the procurement of gas piston plants.
ECA insures first investment loan against war risks
The Export Credit Agency of Ukraine (ECA) has signed the first war risk insurance contract for an investment loan.
16 September 2024
Naftogaz Group transfers UAH 60.8B in tax payments since early 2024
In January-August 2024, Naftogaz Group transferred UAH 60.8 billion in tax payments to Ukraine’s state and local budgets.
No blackouts scheduled across Ukraine - operator
On Monday, September 16, electricity consumption will not be restricted.
Estonia’s total aid to Ukrainian energy sector exceeds 320 tonnes of equipment
Estonia has already handed over more than 320 tonnes of humanitarian aid to Ukraine for the energy sector.
15 September 2024
Most electricity in Ukraine produced without carbon emissions – Energy Ministry
Ukraine is significantly ahead of many European countries in terms of its share of decarbonized energy, with most of Ukrainian electricity being produced without carbon dioxide emissions.
No power outages planned for Sunday – Ukrenergo
No power outages are expected to be applied in Ukraine on Sunday, September 15.
14 September 2024
Assistance to Ukraine's energy sector is priority for UNDP - MoE
Representatives of the United Nations Development Program (UNDP) will continue to provide assistance to the Ukrainian energy sector to recover from Russian attacks.
Draft state budget for 2025 submitted to Parliament
The draft state budget for 2025 has been submitted to the Verkhovna Rada of Ukraine.
13 September 2024
Russians again restrict IAEA access to Zaporizhzhia NPP facilities
The Russian occupation administration of the Zaporizhzhia NPP continues to restrict access to the IAEA mission present at the plant, in particular, experts were again not allowed to enter the western part of the turbine hall.
More than 200,000 ha of farmland cleared of mines since-year start – PM Shmyhal
Since the beginning of 2024, more than 200,000 hectares of agricultural lands have been inspected and cleared of mines.
Ukraine expects $1.1B tranche from IMF soon – PM Shmyhal
Ukraine expects to receive a $1.1 billion tranche from the International Monetary Fund (IMF) soon, Prime Minister Denys Shmyhal has said.
Bulgaria extends for six months talks on selling Ukraine Russian nuclear reactors
The Parliament of Bulgaria decided to extend by six months the deadline given to the government for negotiations on the sale of two Russian nuclear reactors and auxiliary equipment to Ukraine.