How Kremlin's "grain war" threatens world
By destroying Ukraine's port infrastructure, the aggressor is undermining global food security, pushing tens of millions of people to the brink of starvation
Economy
NBU improves inflation forecast for 2023
The National Bank of Ukraine (NBU) has improved its inflation forecast for 2023 from 14.8% to 10.6%.
NBU improves economic growth forecast for 2023 to 2.9%
The National Bank of Ukraine (NBU) has improved its GDP growth forecast for this year to 2.9%. Next year, the economy will grow by 3.5%, and by 6.8% in 2025.
National Bank cuts key policy rate to 22%
The National Bank of Ukraine (NBU) has decided to cut its key policy rate to 22%.
Ukraine to consider Czech Republic’s experience of energy system decentralization
The experience of the Czech Republic in developing the distributed generation and building networks is a good example of energy system decentralization. Hence, Ukraine is interested in implementing the joint projects on distributed generation.
Ukraine received about $27B from international partners since early 2023
Ukraine has received about $27 billion from international partners since the beginning of 2023.
Shmyhal announces launch of program to support industrial parks this year
A program to support industrial parks will be launched in Ukraine this year.
Ukraine returns pre-war taxes, Zelensky signs law
President Volodymyr Zelensky has signed a law amending the Tax Code and other laws of Ukraine regarding taxation during martial law.
26 July 2023
Russian attacks cause damage to main power line in eastern Ukraine
On July 25, 2023, following Russian attacks, one of the main power transmission lines was damaged in eastern Ukraine.
Ukraine could resume electricity trade with Romania
The National Energy and Utility Regulation Commission (NEURC) agreed on the procedure for the distribution of revenues from the management of restrictions between operators of the transmission systems of Ukraine and Romania.
Ukraine developing 4-year plan reform, recovery investment projects plan
The government team is drafting a special road map - the Ukraine Plan for structural reforms and investment projects that Ukraine is set to implement in the next four years.
Ukraine plans to export over 50M t of grain through alternative routes - expert
This year, Ukrainian farmers expect to harvest 69 million tonnes of grain and oil crops, so the export potential of Ukraine may exceed 50 million tonnes.
Int'l partners to provide Ukraine with $244M for demining - Svyrydenko
Currently, there is already an agreement with donors to allocate USD 244 million to Ukraine and special equipment for the needs of humanitarian demining.
EC announces regular transfers within MFA+ for Ukraine
After the announcement of the transfer to Ukraine of EUR 1.5 billion from the package of macro-financial assistance plus (MFA+), which the EU allocated for Ukraine in 2023, the European Commission (EC) announced the decision to carry out the next transfers in August and September of 2023, in view of Ukraine's progress on the path of reforms even in the conditions of Russia's war.
Ukraine’s gas infrastructure more protected than energy sites - expert
The gas infrastructure is more stable and protected than the energy infrastructure, but Ukrainians should still stock up on backup power sources today, rather than waiting for winter.
Trucks with stolen Ukrainian grain from Crimean direction not decreasing - Andryushchenko
Enemy trucks with stolen Ukrainian grain from the Crimean direction do not decrease, traffic on the roads remains dense.
25 July 2023
Russia has made cynical calculation by blocking exports from Ukraine – EU at OSCE
By blocking Ukrainian grain exports to foreign markets, Russia cynically hopes to increase its own export profits in order to finance its war of aggression against Ukraine.
Ukraine’s defense industry presents its exhibition stands at IDEF’23 in Istanbul
Ukrainian defense companies and enterprises have displayed their stands at the IDEF’23 International Defense Industry Fair, which has opened in Istanbul today.
Five ports in Baltic states can be used to export Ukrainian grain
The Baltic states are ready to offer five large ports within their borders to contribute to the export of Ukrainian grain to the global markets.
Alfonso Garcia Mora, International Finance Corporation (IFC) Vice President for Europe, Latin America, and the Caribbean
"Ukraine's recovery will be crucial for the whole world."
Lithuania offers to expand Baltic route for Ukrainian grain export
In view of Russia's withdrawal from the Black Sea Grain Initiative, Lithuania considers it expedient to make wider use of the Baltic route for Ukrainian grain export. It involves Baltic ports in export operations with Ukrainian food. Customs and border clearance procedures for such cargoes should also be done there.
Eight regions to receive UAH 3.5 billion for reconstruction - PM
Cabinet of Ministers has allocated UAH 3.5 billion for the reconstruction of communities in Kyiv, Zaporizhzhia, Mykolaiv, Odesa, Sumy, Chernihiv, Kharkiv and Kherson regions from the Fund for the Elimination of the Consequences of Armed Aggression.
Restrictions on export of Ukrainian agri-products unacceptable - Zelensky
Any continuation of restrictions on the export of Ukrainian agricultural products is unacceptable and un-European.
European Commission sends another EUR 1.5B tranche to Ukraine
The President of the European Commission, Ursula von der Leyen, announced today the transfer of the next tranche of additional macro-financial assistance for Ukraine in the amount of EUR 1.5 billion.
With missile strikes, Russia wants to deprive Ukraine's economy of its main source of income - DOS
With its missile and air strikes on Odesa and other cities and regions of Ukraine, Russia purposefully seeks to deprive the Ukrainian economy of its main source of income, and unconditionally destroys peaceful residences and historical heritage.
Ukraine exports over 1.6M t of grains, pulses
In the 2023/2024 marketing year (MY) (July 1-24, 2023), Ukraine exported 1.666 million tonnes of grains and legumes.
24 July 2023
Ukraine’s envoy calls on Egypt to join efforts to restore grain supplies
The Special Representative of Ukraine for the Middle East and Africa, Maksym Subh, called on the Deputy Minister of Foreign Affairs of Egypt, Igab Nasr, to join the implementation of Volodymyr Zelensky’s Peace Formula and to actively join international efforts to restore supplies of Ukrainian grain to the African continent.
Zelensky chairs meeting on Ukrainian agri-exports
President Volodymyr Zelensky of Ukraine held a meeting on the export of Ukrainian agricultural products.
Capital outflow from Russia reaches 13% of GDP - Yermak
Since February 24 last year, capital outflows from Russia have reached USD 253 billion, an outflow rate of 13% of GDP.