Heating season starts in all regions except Kherson, Odesa
As of the morning of October 31, the heating season has commenced in all regions of Ukraine except Odesa and Kherson, where the delay is due to air temperatures.
Economy
31 October 2024
Russian drone attack damages power line in Kyiv
In Kyiv this morning, a high-voltage overhead power line operated by DTEK was damaged as the downed drone plunged to the ground.
Parliament endorses draft state budget for 2025 in first reading
On October 31, 2024, the Verkhovna Rada of Ukraine endorsed in the first reading the draft bill on the State Budget of Ukraine for 2025.
Ukraine actively starting heating season – Naftogaz CEO
Ukrainian cities are actively starting the heating season, which is the result of the coordinated interaction and teamwork of all professionals involved in the energy sector.
In worst-case scenario, power outages this winter could last up to eight hours – Ukrenergo
If Russian forces continue to target Ukraine's energy infrastructure and these attacks are successful, power consumption restrictions lasting up to eight hours may be implemented this winter.
Russia keeps violating OPEC+ agreements - research
By concealing the true extent of its production and sales, Russia has flagrantly violated its obligations under the OPEC+ agreement to reduce oil output.
Ukraine presents roadmap for opening airspace amid martial law
With the support of the Embassy of the United States in Ukraine and in cooperation with the Ukrainian State Aviation Administration, Ukrainian State Air Traffic Services Enterprise (UkSATSE), the Air Force Command, and the directors of international airports, the Ukrainian Communities and Territories Development Ministry has presented a roadmap for opening Ukraine’s airspace amid martial law.
Ukraine signs memorandum on natural gas quality with GTS operators of CESEC countries
Gas Transmission System Operator of Ukraine LLC (GTSOU) has signed a Memorandum of Understanding related to the harmonization of the natural gas quality requirements as part of the Central and South-Eastern Europe Energy Connectivity (CESEC) initiative.
EBRD allocating EUR 300M for Ukrzaliznytsia to purchase electric locomotives
The European Bank for Reconstruction and Development (EBRD) will allocate funds to upgrade the dual-voltage electric locomotive fleet, and Ukrzaliznytsia JSC will purchase 50 electric locomotives as part of this loan.
30 October 2024
Naftogaz Group to hold conference ‘Day of Supplier of State-Owned Enterprises in Oil and Gas Industry: Plans for 2025’ in Kyiv
In cooperation with the Ukrainian Economy Ministry, Naftogaz Group will hold a conference dedicated to the development of partnerships in the field of public procurement between the Government of Ukraine, state-owned oil and gas industry enterprises, as well as producers, suppliers of goods, and service providers.
Veterans pursue nearly every possible business field – Rohovets
Veteran-led businesses now cover nearly all possible entrepreneurial fields.
Ukraine generally prepared for heating season – ExPro
The increased gas production compared to 2023 and the accumulated natural gas stocks allow us to assert that Ukraine is ready to go through the heating season.
Parliament endorses law on plea bargaining under Ukraine Facility
On October 29, 2024, the Verkhovna Rada of Ukraine endorsed in the second reading the draft bill on plea bargaining as one of the Ukraine Plan indicators under the EU’s Ukraine Facility initiative.
Economy ministry updates guide for investors with projects worth at least EUR 12M
The Ukrainian Economy Ministry has published an updated guide with instructions and recommendations for entrepreneurs who are planning to implement investment projects worth at least UAH 12 million.
29 October 2024
Finance Ministry places government bonds for UAH 23.2B
On October 29, 2024, the Ministry of Finance of Ukraine raised UAH 23.16 billion (in equivalent) to the state budget at an auction for the placement of domestic government bonds.
Canada will provide Ukraine with nearly $4B as part of G7 support
Canada will provide Ukraine with 5 billion Canadian dollars (3.7 billion US dollars) as part of the G7 financial support.
ENTSO-E raises electricity export capacity limit to Ukraine, Moldova to 2.1GW
The European Network of Transmission System Operators for Electricity (ENTSO-E) has increased the electricity export capacity limit to Ukraine and Moldova by 400 megawatts to 2.1 gigawatts.
Naftogaz to receive distributed generation equipment from Norway
Naftogaz Group expects to receive equipment shipments from Norway, which will add 80 megawatts in capacity to Ukraine’s energy system.
Ukraine joins International Fund for Agricultural Development
Ukraine has become a member state of the International Fund for Agricultural Development (IFAD) that works to develop rural economies and food systems.
28 October 2024
Parliamentary Budget Committee recommends State Budget 2025 for first reading
The Budget Committee of the Verkhovna Rada has recommended the draft State Budget of Ukraine for 2025 and the draft Budget Conclusions for the first reading; their review in the session hall is expected in the coming days.
Finance Ministry expects to attract over $15B in external financing by year-end
Ukraine’s Ministry of Finance expects to attract more than USD 15 billion in external financing by the end of the year.
Ternopil region’s residents obtain business development grants worth UAH 170M
More than 1,500 new jobs will be created in the Ternopil region thanks to grant assistance for the creation and development of own businesses.
At Naftogaz’s request, court in Helsinki freezes certain Russian assets in Finland
The District Court of Helsinki has sustained a motion of Naftogaz of Ukraine NJSC and another five companies, which are part of Naftogaz Group, and ordered the freezing of certain assets owned by Russia on the territory of Finland.
Running low on resources, Russia still able to sustain war effort - media
The huge burden that the war lays on Russia’s economy lead to its overheating, but the Kremlin still has the resources to pursue the war.
Russians set to export over 300t of sunflower crop from occupied Luhansk region - watchdog
The Russian invaders intend to "export" from the temporarily occupied Luhansk region more than 300 tons of sunflower seed, which they "bought" from local farmers at dumped prices.
27 October 2024
G7 finance ministers acknowledge price cap violations on Russian oil
The finance ministers of the Group of Seven (G7) pledged to increase efforts to prevent Russia from circumventing sanctions related to the oil price cap.
Over 500 Ukrainian settlements in blackout due to hostilities, technological failures
As of the morning of October 27, as many as 528 settlements in Ukraine remain partially or completely without electricity due to combat actions and technological disruptions.
26 October 2024
Minister of Strategic Industries meets Indian Ambassador to discuss defense industry cooperation
Minister of Strategic Industries Herman Smetanin held discussions with Indian Ambassador Ravi Shankar regarding the potential cooperation between Ukraine and India in the defense industry.
Russia seeks to weaken Ukraine’s economy, force it out of foreign markets – FM
On Saturday, October 26, during a visit to Egypt, Ukrainian Foreign Minister Andrii Sybiha held bilateral talks in Cairo with the Egyptian Minister of Foreign Affairs, Migration, and Affairs of Egyptians Abroad, Badr Abdel Ati.