Government spending budget 2024 will be boosted by UAH 500 billion
Ukrinform has explored and found out where the money is going to come from
Economy
Four helicopters, two planes previously owned by Crimean businessmen transferred to ARMA
Following the materials of the State Bureau of Investigation, four helicopters and two planes of the Crimean entrepreneurs, who had been exposed as financing Russian armed aggression, were transferred to the Ukrainian Asset Recovery and Management Agency (ARMA).
22 July 2024
Ukraine’s debt restructuring: First payment scheduled for 2029
Ukraine has reached an agreement in principle with creditors on the restructuring of USD 23.4 billion in external debt, following which the maturity of Eurobonds will be extended.
Ukraine agrees with Eurobond owners on debt restructuring - Shmyhal
Ukraine has reached an agreement with the Committee of Eurobond Owners of Ukraine on debt restructuring.
21 July 2024
Ukrenergo increases electricity consumption restrictions for Monday
On July 22, Ukrenergo introduced consumption restrictions for the entire day. Most of the time, two rounds of blackouts will be applied.
Germany's Heller Tools sells equipment to FSB-linked firms - media
Heller Tools exported tools to companies affiliated with a smuggling ring set up by Russia’s FSB security agency.
20 July 2024
On Sunday, power outage schedules to be in effect throughout day
Measures to limit electricity consumption on Sunday, July 21, will be in effect throughout the day.
On Saturday, Ukraine plans to attract help from power systems of Romania, Slovakia, Poland and Hungary
On Saturday, 20 July, it is planned to import electricity from Romania, Slovakia, Poland and Hungary with a maximum capacity of 1,385 MW.
Ukrainian fund to receive more than EUR 1.5B from frozen Russian assets in July 2024
This month Belgium-based clearinghouse Euroclear will transfer the first proceeds from frozen Russian assets to the European Fund for Ukraine.
Lithuania to provide Ukraine with equipment from decommissioned thermal power plant
Lithuanian Energy Minister Dainius Kreivys will visit the third thermal power plant in Vilnius (TPP-3) to inspect the unused equipment that is being transferred to Ukraine and will discuss the safety of energy facilities and support for Ukraine.
Naftogaz makes payments under Eurobonds in accordance with restructuring schedule
Naftogaz of Ukraine NJSC has made mandatory payments under Eurobonds in accordance with the restructuring schedule.
19 July 2024
IMF replaces resident representative in Ukraine
The International Monetary Fund (IMF) has appointed Italian Priscilla Toffano as its Resident Representative in Ukraine.
UK to provide Ukraine with credit support for defense production
Ukrainian Defense Minister Rustem Umerov and British Defense Secretary John Healey have signed an intergovernmental agreement on official credit support for the development of Ukraine's defense capabilities.
Polish EU Presidency in 2025 will propose changes to trade cooperation with Ukraine
In the first half of next year, the Polish presidency of the EU will have its own proposals for changes to the EU's trade cooperation with Ukraine.
Ukraine to receive EUR 100 M from EU for reconstruction of electricity transmission system
The European Union will provide EUR100 million to NPC Ukrenergo for the reconstruction of the electricity transmission system under the Ukraine Investment Facility (UIF) programme, which is part of the Ukraine Facility plan.
UK at OSCE condemns Russia's targeting of Ukraine's energy infrastructure
Russia's relentless targeting of Ukraine's critical infrastructure is a violation of humanitarian law and OSCE principles.
Government approves distributed generation development strategy until 2035
The Cabinet of Ministers of Ukraine has endorsed a strategy for the development of distributed generation until 2035.
Parliament raises excise duties on fuel
The Verkhovna Rada of Ukraine has adopted as a whole draft bill No. 11256-2 on making amendments to the Tax Code of Ukraine regarding the implementation of the provisions of the EU law on the excise tax.
18 July 2024
Ukraine's PM visits Zaporizhzhia Automobile Building Plant
Zaporizhzhia Automobile Building Plant (ZAZ) plans to produce more than 160 buses this year.
Ukraine mulling half-trillion increase of defense budget
In the near future, the Verkhovna Rada will consider the government’s draft law on the revision of the State Budget of Ukraine for 2024, with the expenditures set to increase by more than UAH 500 billion.
EU has something to learn from Ukraine in energy domain – expert’s opinion
Europe can learn a lot from Ukraine in the energy sector, namely with regard to maintaining the energy grid while under attack, and should also be interested in establishing cooperation in other areas related to energy.
Buckwheat prices likely to rise in Ukraine
The new-harvest buckwheat prices are expected to increase in Ukraine.
Ukraine’s domestic gas production capacity is sufficient to fully provide for the upcoming heating season
Domestic gas production and storage injections are key to ensuring a sustainable heating season
17 July 2024
European Commission approves first payment of EUR 4.2B under Ukraine Facility - von der Leyen
The European Commission has approved the first regular payment of EUR 4.2 billion under the EU's Ukraine Facility.
European Commission supports allocation of almost EUR 4.2B to Ukraine - Shmyhal
Ukrainian Prime Minister Denys Shmyhal has said that the European Commission supports the disbursement of almost EUR 4.2 billion to Ukraine.
Mykolaiv region’s agricultural enterprises increasingly grow niche crops in 2024
This year agricultural enterprises in the Mykolaiv region have started to increasingly grow niche crops.
Energoatom completes repairs at NPP power unit
A power unit is back in operation following scheduled repairs at one of Ukraine’s nuclear power plants.
Japan to provide $3.3B in loans to Ukraine from frozen Russian assets
Japan is arranging to shoulder $3.3 billion in loans to Ukraine as part of support to be provided by Group of Seven members utilizing interest from Russian sovereign assets frozen as part of their sanctions over Moscow's invasion of its neighbor.
OECD to cover Ukraine’s contributions for 2024, partnership fees from its own budget
In sign of support, the Organisation for Economic Co-operation and Development (OECD) will cover from its own budget Ukraine’s contributions for 2024 and partnership fees to a number of its bodies, as well as Ukraine’s arrears for 2022 and previous years.