Ukraine's GDP grows by 3.7% in May – Economy Ministry
Ukraine's gross domestic product (GDP) growth in May 2024 amounted to about 3.7% compared to May last year, according to preliminary estimates by the Ministry of Economy.
Economy
20 June 2024
Power outage schedules on Friday to be in effect in all regions during day
On Friday, June 21, from 00:00 to 24:00, schedules of hourly power outages will be applied in all regions of Ukraine.
Number of food industry enterprises in Donetsk region decreased threefold due to war
In the Donetsk region, the number of food and processing enterprises has almost tripled from 79 to 27 since the start of the full-scale war.
Zelensky: Government should provide clear plan for completion of all protective structures for energy sector
During a meeting of the Staff of the Supreme Commander-in-Chief, President Volodymyr Zelensky instructed the government to present a "clear plan for the completion of protective structures for the energy sector."
Zelensky holds Supreme CinC Staff meeting to discuss energy security
President of Ukraine Volodymyr Zelensky chaired a meeting of the Staff of the Supreme Commander-in-Chief to discuss the issues of energy security. At the meeting, he instructed the government to develop conditions that will facilitate the installation of solar panels and batteries for citizens.
Ukraine needs another $9.5B this year to finance priority recovery needs
In 2024, Ukraine needs another $9.5 billion to finance the priority recovery needs: defense industry, energy sector, restoration of damaged housing, etc.
Government hopes to receive $2.2B from IMF this month - PM
Ukrainian Prime Minister Denys Shmyhal has held a meeting with First Deputy Managing Director of the International Monetary Fund Gita Gopinath during which both parties discussed providing Ukraine with $2.2 billion this month within the IMF's Extended Fund Facility.
EU, Ukraine extend road transport agreement for one more year
Ukraine and the European Union have extended their Road Transport Agreement for one more year with the possibility of its extension.
Lithuanian Litgrid transfers power equipment worth more than €4 million to Ukraine
Lithuanian electricity transmission system operator Litgrid will provide Ukraine with autotransformers and other equipment worth more than €4 million.
Ukrenergo increases power supply limits on Thursday from 11:00
As a result of Russia’s attack on the energy infrastructure, Ukraine increased power supply limits from 11:00 on June 20.
IAEA has no powers to force Russia to leave ZNPP - Grossi
The International Atomic Energy Agency has no powers to enforce its resolutions, including those calling on Russia to immediately withdraw all unauthorized personnel from the Zaporizhzhia Nuclear Power Plant and immediately return the plant to the control of the competent authorities of Ukraine.
IAEA chief announces visit to Ukraine
Director General of the International Atomic Energy Agency Rafael Mariano Grossi will make a visit to Ukraine this summer during which he will travel to Kyiv and the Russian-occupied Zaporizhzhia Nuclear Power Plant and discuss further support for Ukraine.
Ukrnafta gets UAH 14.1M in revenue from Glusco filling stations in May
In May 2024, PJSC Ukrnafta received UAH 14.1 million in revenue from the use of Glusco filling stations, which is 2.5 times more than in January-February.
War, lack of staff main risks for banking system - NBU
The war remains the key risk for the banking system, but the lack of qualified personnel has become another additional risk.
Cultivated farmland area in Sumy region shrinks by 4% since war-start
Over two years into Russia’s large-scale invasion of Ukraine, the cultivated farmland area in Sumy region decreased by 4%.
19 June 2024
Clear to IAEA that ZNPP belongs to Ukraine - Grossi
It is very clear to the IAEA that the Zaporizhzhia nuclear power plant, currently held by the Russian forces, is a Ukrainian facility, but the organization refrains from calling Russia out over seizing the NPP because this could harm the IAEA's technical work to ensure nuclear safety.
French arms firm to set up joint venture in Ukraine
The French arms producer Thales signed three agreements with Ukrainian defense enterprises.
Ukraine wants to create two lists for critical infrastructure - for summer and winter seasons
The State Energy Supervision Inspectorate plans to complete the update of the list of critical infrastructure facilities that are not subject to the shutdown schedules by July 1.
EU reintroduces duties on oats from Ukraine
On June 19, the European Union reintroduced duties on oats from Ukraine because the country exceeded the volume of established quotas.
Rafael Mariano Grossi. Director General at the International Atomic Energy Agency (IAEA)
Director General of the International Atomic Energy Agency (IAEA), Rafael Mariano Grossi, explained his non-participation in the inaugural Peace Summit with the intention not to mix political aspects with the Agency's technical work.
Ministry of Agrarian Policy forecasts high winter crop this year
This year, the ripening of crops and, accordingly, the harvest began two to three weeks earlier than usual.
Energy Ministry: Russian attack damages power facility in center region of Ukraine
A Russian attack on the night of June 19 damaged one of the energy facilities in the central region.
Nowadays, Ukraine imports almost 28 thousand MWh of electricity
As of June 19, the planned volume of electricity imports to Ukraine is 27,979 thousand MWh, and no exports will be carried out.
Japan ready to host Ukraine Mine Action Conference – Economy Ministry
The Government of Japan, jointly with Ukraine, is ready to organize and host the Ukraine Mine Action Conference that will take place in the autumn of 2025.
Naftogaz Group pays UAH 37.7B in taxes in Jan-May
The Naftogaz Group paid UAH 37.7 billion in taxes to the state and local budgets in the first five months of 2024.
Denmark to increase support for Ukrainian arms manufacturers by $170M
Denmark will make a second contribution of about $170 million to the ZBROYARI: Manufacturing Freedom project.
Parliament approves bill on creating register of biofuel production units
The Verkhovna Rada has approved at first reading a bill to create a register of production units that use biofuels as the only type of fuel.
Nvidia becomes most valuable company in world
On Tuesday, shares of the American chipmaker Nvidia rose by 4% to about USD 3.3 trillion, and it became the most expensive company in the world, ahead of Microsoft Corp. and Apple Inc.
Supervisory Board created in nationalized PIN bank
Following the results of the competition, the supervisory board of First Investment Bank JSC, which was nationalized and transferred to the management of the State Property Fund, was elected.