Founded in 1918
Saturday, 23 November 2024, 15:59
Since the beginning of the full-scale Russian invasion, Ukraine has attracted about USD 72 billion in budget support. The country has received about USD 72 billion in budget support from the G7 countries and the European Union.
Ukraine will receive EUR 560 million from the European Investment Bank (EIB) in 2024 for projects in energy, transport infrastructure, housing reconstruction, as well as for projects that will support Ukraine's economic recovery and businesses.
In the first quarter of 2024, Ukraine exported agricultural products by 4% less than in the same period last year.
Ukraine’s transport engineering industry has been preserved, and domestic manufacturers could ensure a local content in the production of diesel freight locomotives at 55%.
Due to a delay in arms supplies from international partners, the Ukrainian government has already spent $4 billion to purchase weapons, resulting in adverse consequences for the budget.
Ukraine is counting on the United States to unblock aid for 2024, including direct financial support, Prime Minister Denys Shmyhal has said.
The banking system proved to be quite prepared, having endured Russian missile attacks on Ukraine’s energy infrastructure in March-April 2024. However, some difficulties were observed in the operation of bank offices in the most affected settlements.
18 April 2024
Ukrainian Prime Minister Denys Shmyhal met with French Minister of Economy, Finance, Industrial and Digital Sovereignty Bruno Le Maire to discuss the confiscation of frozen Russian assets.
Ukraine needs at least $42 billion in international aid for budget support this year in the context of Russia's ongoing war.
Ukrainian Prime Minister Denys Shmyhal and IMF Managing Director Kristalina Georgieva have discussed the seizure of Russian assets and their use for Ukraine's needs.
In accordance with the document signed in the presence of Ukrainian Energy Minister German Galushchenko between Energoatom National Nuclear Energy Generating Company of Ukraine and Holtec International, Ukraine will start the production of small modular reactor (SMR) components.
17 April 2024
Ukraine needs an efficient financial shield in its fight against Russian aggression.
Ukrainian Prime Minister Denys Shmyhal has discussed the situation in Ukraine's energy sector with World Bank President Ajay Banga and offered to sign a memorandum on the development of the housing market.
Ukrainian Prime Minister Denys Shmyhal and U.S. Secretary of Commerce Gina Raimondo have discussed the tightening of sanctions against Russia, particularly in the field of high technologies.
Prime Minister Denys Shmyhal has stated that American business leaders are interested in Ukraine, and it is in Ukraine's interest to become the next destination for US investments.
Ukrainian Prime Minister Denys Shmyhal has held a meeting with American business representatives in Washington to discuss further support and assistance to Ukraine.
The International Monetary Fund (IMF) expects that Ukraine’s general government gross debt may rise to 94% of GDP in 2024, which is lower than the previous forecast.
Necessary repairs and inspections are not conducted in full at Zaporizhzhia Nuclear Power Plant (NPP) due to the lack of competence among the personnel hired by Russian occupiers.
Ukrainian Finance Minister Sergii Marchenko, while on a working visit to Washington, has held a series of meetings with the leadership of the International Monetary Fund and the European Commission as part of the Spring Meetings of the IMF and the World Bank Group to discuss Ukraine's urgent budgetary needs.
On April 16, 2024, Ukraine’s Ministry of Finance raised UAH 6.875 billion to the state budget at an auction for the placement of domestic government bonds.
Ukrainian Energy Minister German Galushchenko has attended an informal meeting of the EU energy ministers, dedicated to the development of energy infrastructure.
16 April 2024
Ukraine is creating the most favorable investment climate to encourage potential investors.
Prime Minister of Ukraine Denys Shmyhal met with American business representatives in the United States.
Ukrainian Prime Minister Denys Shmyhal has arrived in the United States for the Spring Meetings of the International Monetary Fund and the World Bank.
The International Monetary Fund (IMF) expects that Ukraine’s economy will show a rise of 3.2% in 2024 and 6.5% in 2025.
A delegation from the Ukrainian Finance Ministry has started a working visit to IMF and World Bank Spring Meetings in Washington.
The United States has provided about $23 billion in budget support to Ukraine since the beginning of the full-scale Russian invasion.
The Ukrainian Economy Ministry and the global technology company, Mastercard, have signed a Memorandum of Cooperation related to the implementation of the ‘Made in Ukraine’ policy.
15 April 2024
The European Commission has endorsed the Ukraine Plan, which is the basis for the implementation of the EU's EUR 50 billion Ukraine Facility for 2024-2027.