Ukroboronprom corporatizes 34 enterprises
A total of 34 enterprises have already been corporatized as part of Ukrainian Defense Industry JSC (Ukroboronprom) under Ukraine’s defense industry reform.
Economy
28 March 2024
Ukraine's GDP grows by 5.3% in 2023 - Statistics Service
Ukraine's gross domestic product was up by 5.3% last year after dropping a staggering 28.8% in 2022 against the background of Russia’s full-scale invasion.
Ukraine, Poland hold first intergovernmental consultations to address infrastructure issues
As part of the first intergovernmental consultations, Ukrainian and Polish representatives discussed a number of urgent cooperation issues, namely the extension of the Agreement on Liberalization of Freight Transport.
Germany charges five over Crimea sanctions breach
Prosecutors in Hamburg charged four German nationals and a Swiss-French dual citizen with violating Crimea-related sanctions by helping export Siemens gas turbines to the Russian-occupied peninsula.
UK Defense Secretary calls on Europe not to impose restrictions on trade with Ukraine
UK Defense Secretary Grant Shapps has called on the European Union not to impose trade restrictions on Ukraine during the war.
Zaporizhzhia NPP’s safe operation at power levels currently impossible – SNRIU
As long as Zaporizhzhia Nuclear Power Plant (NPP) remains under Russian occupation, it is impossible to safely operate the plant at the power levels.
Moldova's largest oil producer suspends operations due to Ukrainian seed shortage
The largest oil producer in Moldova, Floarea Soarelui, has suspended work due to a pressing shortage of Ukrainian sunflower seeds.
27 March 2024
Talks between Ukraine, Poland’s agri ministries and farmers underway in Warsaw
The Ukrainian delegation from the Agriculture Ministry launched talks with their Polish counterparts in Warsaw.
Russia nationalizes 15 defense firms since early 2023
Since the beginning of 2023, the Prosecutor General's Office of Russia has ensured the return to state ownership of 15 enterprises of Russia’s military-industrial complex worth more than RUB 333 billion ($3.6 billion).
EU may extend "exemptions" from trade liberalizations for Ukraine to oats, corn, groats, honey
The Committee of Permanent Representatives of the EU at the level of ambassadors (COREPER) has launched a formal discussion of the extension of the so-called autonomous trade measures regarding Ukraine for another year.
Rheinmetall receives EUR 130M from EU to increase ammunition production
The European Union has allocated more than EUR 130 million to Germany’s arms manufacturer Rheinmetall to increase ammunition production.
World Bank approves $1.5B loan to Ukraine under Japanese and UK guarantees
On Tuesday, the World Bank's Board of Directors approved a $1.5 billion Growth Foundations Development Policy Loan (DPL) for Ukraine to support its development policy.
Finnish businesses open representative office in Kyiv
Confederation of Finnish Industries (EK) and EastCham Finland are opening a joint representative office in Kyiv.
GTSOU to maintain last year’s terms for transporting gas to underground storage facilities
In 2024, Gas Transmission System Operator of Ukraine LLC (GTSOU) is planning to maintain last year’s terms for transporting foreign-owned gas to underground storage facilities.
Ukrnafta boosts oil, gas production in Feb 2024
Last month Ukrnafta PJSC produced 110.3 thousand tonnes of oil and 92.1 million cubic meters of natural gas, which is 0.09% and 10.7% respectively higher compared to February 2023.
26 March 2024
Hungary not to reintroduce import ban on Ukrainian honey
Hungary will not reintroduce a ban on honey imported from Ukraine despite demands by honey farmers who have protested saying cheap honey from Ukraine pushed down prices and threatens to drive them out of business.
PM Shmyhal: Ukraine receives $880M from IMF under EFF Arrangement
Ukraine has already received a tranche of $880 million from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) Arrangement.
Swedish business ready to cooperate with Ukrainian companies in high-tech industries
Swedish businesses are interested in increasing their presence in Ukraine and developing cooperation with Ukrainian companies in high-tech industries, including energy, telecommunications, and cyber security.
Ukraine, Sweden to deepen cooperation in nuclear industry
The deepening of cooperation between Ukraine and Sweden in the nuclear industry will help strengthen the energy security of the two countries and the European continent as a whole.
Minister Kubrakov expects Latvia’s airBaltic to be among first to re-enter Ukrainian market
The team of the Ukrainian Communities, Territories and Infrastructure Development Ministry has met with the representatives of Latvia’s flag carrier, airBaltic.
Ukrhydroenergo: Dnipro HPP will need years to resume normal operation
It is likely to take Dnipro Hydroelectric Power Plant (HPP) years to resume normal operation following Russia’s recent missile attack.
25 March 2024
Yasno CEO: DTEK lost 50% of its generating capacity following Russia's Mar 22 attack
DTEK Group has lost about half of its generating capacity due to Russia's large-scale missile and drone attack on Ukraine's energy system on March 22.
Ukrainians buy new cars for UAH 15.8B in Jan-Feb - Ukrautoprom
Ukrainians spent almost UAH 15.8 billion on the purchase of new passenger cars in the first two months of 2024.
Russian attack on underground gas storage facilities not to affect gas supplies to Ukrainians - Naftogaz
There are no critical consequences after the attack by Russian troops on the infrastructure of the underground gas storage facility - the damage will not affect the supply services to gas consumers.
24 March 2024
Energy supply situation most challenging in Kharkiv
The situation of power supplies in the city of Kharkiv remains the most difficult following Russian strikes on Ukraine’s energy infrastructure.
Odesa introduces schedules of stabilization power outages
DTEK is restoring stabilization power outages in Odesa.
Russian strikes hit Naftogaz facilities in western Ukraine – CEO
In western Ukraine, as a result of Russian missile strikes in the early hours of Sunday, Naftogaz Group facilities suffered damage.
Energy teams repairing equipment in 11 Ukrainian regions following Russian strikes
Power engineers are working to restore electricity supply in 11 regions of Ukraine, where partial power outages occurred as a result of the Russian strikes.
Damage to Ukrainian energy system, excluding latest attack, amounts to $11.5B – energy official
Damages to the Ukrainian energy system since the full-scale invasion, excluding the latest missile and drone barrage aftermath, have reached $11.5 billion.