UK extends tariff-free trade with Ukraine until 2029
The UK government will support Ukrainian businesses by extending duty-free trade with Ukraine for an additional five years, until 2029.
Economy
Türkiye’s Baykar factory in Ukraine to offer 500 jobs – CEO
Türkiye’s defense company Baykar is building a drone manufacturing factory near the city of Kyiv, which will employ about 500 people.
07 February 2024
IAEA chief visits Zaporizhzhia NPP
Director General of the International Atomic Energy Agency (IAEA) Rafael Mariano Grossi has visited the Zaporizhzhia Nuclear Power Plant to assess the situation at the plant occupied by the Russians.
Ukraine’s power grid stable following massive attack, no outages planned – PM Shmyhal
Ukraine's power system remains stable following Russia’s massive air attack: no outages are planned.
Kyiv, Warsaw discuss involvement of Polish carriers in Ukraine’s road transport market
As part of the second meeting of the Polish-Ukrainian working group, Ukrainian Communities, Territories and Infrastructure Development Deputy Minister Serhiy Derkach and Polish Infrastructure Deputy Minister Paweł Gancarz discussed the involvement of Polish carriers in Ukraine’s road transport market.
Aluminum producers urge EU to sanction Russia’s metal imports
European aluminum producers — supported by four EU countries — are pressing Brussels to impose an embargo on cheap metal imports from Russia.
06 February 2024
Austrian MP calls for sending Ukraine interest from frozen Russian assets
Western democracies should find mechanisms for immediately transferring to Ukraine interest accrued from Russian assets frozen in foreign jurisdictions, and later – these assets themselves, in order to compensate for damage Russia inflicted on Ukraine.
Reforming BES: vision of government, MPs and experts
According to the terms of the Memorandum with the IMF, the reboot of the Bureau of Economic Security of Ukraine should begin no later than the end of June
Ukraine reaches pre-war volumes of exports by sea - Shmyhal
In January 2024, Ukraine reached the pre-war volume of maritime exports, bringing their total volume almost to a pre-war level.
Ukraine nationalizes UAH 500M in oil and gas assets of Russian oligarch Khudaynatov
The High Anti-Corruption Court of Ukraine (HACC) has sustained a claim filed by the Ukrainian Justice Ministry regarding the nationalization of the Ukrainian assets owned by the sanctioned Russian oligarch, Eduard Khudaynatov.
Economy ministry: Ukraine’s physical export volumes close to pre-war levels
In January 2024, Ukrainian producers exported 12 million tonnes of products, which is a record high since the Russian full-scale invasion started.
More than UAH 33B transferred from NBU’s special account to finance defense needs
More than UAH 33 billion has already been transferred to finance the defense needs from the special account, which was opened by the National Bank of Ukraine (NBU) with the start of the Russian full-scale invasion.
Russia has to increase domestic taxes, debt to fund expenditures - British intelligence
Russia is unlikely to achieve its target indicator of the 2024 Russian budget as laid down in the budget plan. It is possible that the Russian government will have to consider other policy measures to fund the intended expenditure.
Ukroboronprom corporatizing another 10 enterprises
The Supervisory Board of Ukrainian Defense Industry JSC (Ukroboronprom) has endorsed a decision to transform another 10 state-owned defense industry enterprises into economic entities as part of Ukraine’s defense industry reform.
05 February 2024
Ukrnafta begins to drill another oil well in northeastern Ukraine
Ukrnafta PJSC has started well construction operations in northeastern Ukraine. The estimated initial rate of the new well is 26.5 tonnes of oil per day.
G7, EU may use frozen Russian assets as collateral for Ukraine aid - media
The Group of Seven (G7) nations and the European Union are discussing a plan to use more than $250 billion in frozen Russian central bank assets as collateral to help finance Ukraine's recovery.
04 February 2024
Poland tightening inspection of agricultural goods on Ukraine border
Polish Agriculture and Rural Development Minister Czesław Siekierski has announced the strengthening of control and inspections of Ukrainian agricultural products that are exported to Poland.
Poland’s deputy minister of agriculture inspects checkpoint at Ukraine border
Deputy Minister of Agriculture and Rural Development of Poland, Michal Kolodziejczak, arrived at the Dorohusk border crossing with Ukraine with an inspection.
03 February 2024
Ukraine supports global food security - Vice PM
In January, Ukraine 6.3 million tons of cargo were exported through the Ukrainian corridor, which is almost equal to the pre-war level of exports, said Deputy Prime Minister for Reconstruction, Minister of Community Development, Territories and Infrastructure Oleksandr Kubrakov.
Nova Poshta pays UAH 10.7B in taxes and fees in 2023
In 2023, the NOVA Group of companies (Nova Poshta) paid UAH 10.7 billion in taxes and fees to the budgets of all levels, 50% more than in 2022.
Ukraine planning to create national water management company
In order to monitor and control water management, Ukraine is planning to create Water of Ukraine NJSC.
02 February 2024
Romanian government agrees with farmers to end protests
Romania's coalition government said on Friday it had reached an agreement with farmers to end weeks of protests against high business costs.
Shmyhal on confiscation of Russian assets in EU: we find best legal solution
Today, European leaders confirm the plan to use the proceeds of frozen Russian assets in favor of Ukraine, the confiscation of which was called impossible a year ago.
IMF chief warns that European governments may regret supporting farmers' protests
Governments should resist calls to increase financial support for farmers protesting in Europe, IMF Managing Director Kristalina Georgieva said.
EU Ambassador on trade liberalization with Ukraine: Not ban, but quantitative restrictions
The continuation of the trade liberalization regime between the European Union and Ukraine provides for quantitative restrictions for three agricultural products, but not their prohibition.
€50 billion for Ukraine: Ambassador to EU explains how money will be controlled
Mechanisms for controlling the expenditures of the 50 billion euro Ukrainian Fund were envisaged from the very beginning, with the need for annual reporting to the European Commission and the possibility of revising the funding parameters in two years if necessary.
FM Kuleba expects decision on use of frozen Russian assets to be endorsed in 2024
Ukrainian Foreign Affairs Minister Dmytro Kuleba has expressed confidence that a decision on the use of the frozen Russian assets in support of Ukraine will be endorsed in 2024.
Bundestag approves state budget that includes almost EUR 7.6B in aid for Ukraine
Members of the German Bundestag have approved the state budget for 2024 in its second and third reading.
State Sanctions Registry launched in Ukraine
The State Sanctions Registry has been launched in Ukraine, containing information about 17,202 individuals and legal entities, which are considered as sanctioned.