State Property Fund raises over UAH 627M from privatization in March
In March, the State Property Fund held 53 privatization auctions and raised over UAH 627 million.
Economy
01 April 2023
Zelensky introduces sanctions against more than 650 individuals, legal entities
The sanctions list in Ukraine has been replenished with more than 650 individuals and legal entities that work for Russian aggression, including Russian officials, companies of the military and industrial complex, as well as collaborators.
Law on e-residency comes into force in Ukraine
The law on e-residency has come into effect in Ukraine, allowing foreign IT specialists to become entrepreneurs in Ukraine and pay taxes online.
Ukraine’s nominal GDP may reach UAH 10.5T in 2027 – IMF
Ukraine’s nominal gross domestic product (GDP) may reach UAH 10.5 trillion in 2027.
Zelensky approves NSDC sanctions against individuals, legal entities from Russia, Iran
Ukrainian President Volodymyr Zelensky has enacted a decision of the National Security and Defense Council of Ukraine (NSDC) to impose sanctions on a number of individuals and legal entities.
PM Shmyhal: New IMF program to help maintain macrofinancial stability of Ukraine
The new Extended Fund Facility (EFF) arrangement for Ukraine, which has been approved by the International Monetary Fund (IMF) Executive Board, will help the Ukrainian government to finance all critical expenditures and maintain the country’s macrofinancial stability.
422 non-bank financial institutions leave market in 2022
In 2022, the number of non-bank financial institutions in Ukraine decreased by 422, mainly due some finance companies and credit unions exiting the market.
Ukraine drafting strategy for aviation infrastructure development
The Ministry of Communities, Territories and Infrastructure Development of Ukraine is already drafting a strategy for the development of aviation infrastructure.
Germany has sent more than 420 tonnes of energy equipment to Ukraine
Ukraine has received energy equipment with a total weight of 423 tonnes from German partners.
31 March 2023
IMF approves $15.6B financing program for Ukraine
The Executive Board of the International Monetary Fund (IMF) at its meeting on Friday approved a new $15.6 billion Extended Fund Facility (EFF) arrangement for Ukraine.
Ukraine may produce up to 8 bcm of biomethane per year – Energy Ministry
Ukraine has significant potential for the biofuel market development and may produce up to 8 billion cubic meters of biomethane per year, according to the Ministry of Energy.
Ukraine wants IAEA mission to work at ZNPP until plant is fully liberated
Ukraine is interested in the extension of the International Atomic Energy Agency (IAEA) mission at the Zaporizhzhia Nuclear Power Plant (NPP) at least until the plant is fully liberated from the Russian invaders.
Ukraine has already exported more than 37.6M tonnes of grain and leguminous crops
For the nine months of the current marketing year (from July 1, 2022 to March 31, 2023), Ukraine exported 37,639 million tonnes of grain and leguminous crops.
Energy Ministry: Generation capacity reserves sufficient to cover domestic demand
As of March 31, Ukrainian power generation has the necessary capacity in reserve to fully meet the needs of electricity consumers throughout the country.
Gov’t eases rules for importing UAV components
The Cabinet of Ministers adopted a resolution simplifying the procedure for importing components for unmanned aerial vehicles amid martial law.
Ministry of Energy: Germany may become Ukraine’s partner in hydrogen production
Germany is considering the possibility of joint implementation of hydrogen production and transportation projects with Ukraine.
State Property Fund plans to resume large-scale privatization
The State Property Fund of Ukraine plans to put up objects of large-scale privatization for sale in the second or third quarter of 2023.
Ukraine restoration: SECI estimates potential investments at several trillion dollars
The Southeast European Cooperative Initiative (SECI) assumes that the potential investments in the restoration of Ukraine – calculated for many years ahead – may total several trillion dollars.
Energy Ministry, German Eastern Business Association to develop ‘green’ projects in Ukraine
The Ukrainian Ministry of Energy and the German Eastern Business Association have signed a memorandum of cooperation on ensuring the stable operation of Ukraine’s energy sector, as well as the development of a stable and sustainable energy system of the future.
Ukraine, Switzerland to cooperate on regional development and recovery
Ukraine and Switzerland will jointly implement the project "Ukraine’s Cohesion and Regional Development" (UCORD), which is aimed at establishing effective cooperation between central and local authorities, business and the public in the issues of Ukraine’s recovery and regional development.
30 March 2023
Strengthening Ukraine's energy security: Naftogaz to cooperate with Energy Community
The Energy Community and Naftogaz of Ukraine will create an expert group to design tools for boosting Ukrainian energy security.
Russian war on Ukraine continues to impact EU agrimarket - report
The consequences of Russian aggression against Ukraine continue to reflect on agricultural production in EU countries, which, along with other factors, such as high summer temperatures and winter draught, have led to high inflation on food products and a change in the consumption structure across Europe.
Japan allocates $400M for reconstruction of Ukraine
Japan allocates $400 million for the purchase of equipment and services necessary for the reconstruction of Ukrainian critical infrastructure.
Ukraine gets 25 tonnes of humanitarian aid from Canada
Ukraine has already received seven batches of humanitarian aid from Canada with a total weight of more than 25 tonnes to overcome the consequences of Russian aggression.
PM Shmyhal: Ukraine reconstruction project opens up many opportunities for business
The reconstruction of Ukraine is the most ambitious project of the 21st century which opens up great opportunities and prospects for the business.
United States transfers $1.25B grant to Ukrainian state budget
The state budget of Ukraine has received $1.25 billion of grant funds from the United States, which will mainly be used for social payments.
Lithuania to join IMF program for Ukraine
Lithuania will take part in the IMF's $15.6 billion financing program for Ukraine.
Minister Galushchenko: Renewable energy is a matter of national security
Russian armed aggression has not only made Ukraine to accelerate energy transition but has proven that renewable energy is a matter of national security.
Ukrnafta plans to attract foreign partners to boost production
PJSC Ukrnafta plans to boost oil production up to 1.45 million tonnes in 2023.