EU extends trade support for Ukraine with safeguards for EU farmers
On Wednesday, the EU Parliament and Council reached a provisional agreement on extending trade liberalization measures for Ukraine in the face of Russia’s war of aggression.
Economy
Canada ratifies updated FTA deal with Ukraine
Canada has completed the ratification process of the updated agreement on free trade with Ukraine
Naftogaz CEO: Russian gas transit via Ukraine not critical to Europe
Europe receives about 14 billion cubic meters of natural gas via Ukraine’s gas transmission system annually, while the consumption rate of European countries is about 350 billion cubic meters per annum.
GTSOU, Moldovan partners discuss expansion of Trans-Balkan route
Gas Transmission System Operator of Ukraine LLC (GTSOU) has discussed the creation of a joint product with Moldova’s Vestmoldtransgaz (VMTG) and the Moldovan Energy Ministry in order to ensure the increased use of the gas transmission system capacities of the two countries.
Power engineers restore electricity to over 36,000 families in Donetsk region in past week
Over the past week, power engineers have restored electricity supply to more than 36,000 households in the Donetsk region.
19 March 2024
UDP expands combined shipping services to European river ports
Ukrainian Danube Shipping Company PrJSC (UDP) has created a combined transportation service at a uniform tariff rate for European river ports.
Ukraine Facility Plan to strengthen sustainability of national economy – Svyrydenko
The implementation of the Ukraine Facility Plan will help carry out structural reforms in the public sector, as well as a number of economic reforms.
18 March 2024
Shmyhal, Graham discuss Ukraine's urgent needs
Ukrainian Prime Minister Denys Shmyhal and U.S. Republican Senator Lindsey Graham have discussed Ukraine's urgent needs for the economy and the front.
Government approves Ukraine Facility plan – PM Shmyhal
The Cabinet of Ministers has approved a plan for the Ukraine Facility programme.
Czech Republic proposes to EU to ban imports of Russian and Belarusian grain
Importing Russian grain means supporting the aggressor, so the Czech Republic will propose to the European Union to include this article on EU imports in the sanctions list.
Naftogaz Group paid UAH 11.4B in taxes since year-start
In January-February 2024, Naftogaz Group paid UAH 11.4 billion in taxes to the state and local budgets.
17 March 2024
Russia expropriates nearly 500 enterprises in occupied areas - Ukraine official
In the temporarily occupied territories, Russian invaders seized control of almost 500 enterprises and continue to "nationalize" households.
Government approves creation of two more industrial parks
The Cabinet of Ministers of Ukraine has decided to create industrial parks in the Rivne and Lviv regions.
16 March 2024
Ukraine, Romania plan to improve border crossing points
Head of the Chernivtsi Regional State Administration Ruslan Zaparaniuk met with Romanian Ambassador to Ukraine Alexandru Victor Micula and discussed cooperation at the state and regional levels and the launch of new initiatives in the framework of economic, educational and cultural cooperation.
Nuclear regulators of Ukraine, USA discuss situation around Russian-seized ZNPP
Head of the Ukrainian State Nuclear Regulatory Inspectorate Oleh Korikov and Chairman of the U.S. Nuclear Regulatory Commission Christopher T. Hanson have discussed the situation around the temporarily occupied Zaporizhzhia Nuclear Power Plant (ZNPP).
Economy ministry: Italy to promote ‘Made in Ukraine’ brand in global markets
Italy will help Ukrainian producers enter the global market, as well as promote the ‘Made in Ukraine’ brand on trading platforms.
Energoatom chief, U.S. diplomats discuss joint projects in nuclear energy
Energoatom Board Acting Chairman Petro Kotin and the representatives of the United States Embassy in Ukraine have discussed joint projects in the field of nuclear energy.
15 March 2024
Ukrainian entrepreneurs paid over PLN 5 billion to Polish budget
In 2023, Ukrainians in Poland paid taxes to the Polish budget totaling more than PLN 5 billion.
France interested in expanding its business in Ukraine
France is interested in increasing the presence of its business in Ukraine, particularly in the energy sector and extraction of critical materials, and is ready to support measures to insure exports of French companies to Ukraine.
NBU expects inflation rate to remain around 5% in H1 2024
As estimated by the National Bank of Ukraine (NBU), the inflation rate will remain within the target range of 5% ± 1 percentage point in the first half of 2024. Meanwhile, in the second half of the year, inflation processes may accelerate.
Naftogaz signs contract with Havel & Partners law firm to protect its interests in IUGAS case
Naftogaz of Ukraine NJSC has signed a contract with the law firm Havel & Partners to protect the company’s interests in courts of the Slovak Republic in the case of Italia Ukraina Gas (IUGAS) for EUR 150,000.
Ukraine to boost domestic output, including in defense industry - Vice PM
Increasing the share of domestic output of defense products will become a driving force for Ukraine’s economy growth and can be achieved soon.
Ukrposhta, DHL Global Match establish partnership
Ukraine’s national postal operator Ukrposhta JSC has entered into partnership with DHL Global Match in transport and mail delivery services.
14 March 2024
Electricity consumption by Ukraine’s manufacturing industry up by 23% over four months
During the heating season, thanks to the stable performance of Ukraine’s energy system, the consumption rate of electricity by the country’s manufacturing industry increased by 23%.
Polish businesses lose hundreds of millions of dollars due to border blockade
Polish companies doing business in Ukraine suffer hundreds of millions of dollars in losses due to the blockade of Ukraine’s border by Polish farmers.
13 March 2024
Shmyhal meets with EBRD leadership
Ukrainian Prime Minister Denys Shmyhal has discussed priorities in the Ukrainian economy with the leadership of the European Bank for Reconstruction and Development, headed by First Vice President Jurgen Rigterink.
Finance Ministry places domestic government bonds for UAH 8.9B
On March 12, 2024, Ukraine’s Ministry of Finance raised UAH 8.9 billion to the state budget at an auction for the placement of domestic government bonds.
About 330,000 ha of agricultural lands cleared of mines across Ukraine in 2023
Last year about 330,000 hectares of agricultural lands were cleared of mines across Ukraine, and they will be used as crop areas in 2024.
UGA expects Ukraine’s grain, oilseed harvest to decline in 2024
The Ukrainian Grain Association (UGA) has estimated the country’s potential harvest of grain and oilseed crops for 2024 at 76.1 million tonnes compared to 82.6 million tonnes predicted by the analysts in 2023.