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Thursday, 21 November 2024, 11:14
The European Commission has welcomed the announced consensus reached by the Group of Seven leaders to collectively provide financial assistance to Ukraine in the form of a €45 billion macro-financial loan to be serviced from frozen Russian assets.
The Group of Seven leaders have reached a consensus on the procedure for providing Ukraine with a $50 billion loan from frozen Russian assets.
In January-September 2024, Ukraine allocated UAH 1.3 trillion from the state budget for the security and defense sector, including UAH 146.9 billion in September.
In January-August 2024, the bilateral trade turnover between Ukraine and the Portuguese Republic increased by USD 29.2 million (+15.1%).
The Made in Ukraine programme, aimed at increasing the production of Ukrainian high-quality goods and their promotion across the globe, was presented at Ukraine House in Washington on Thursday, October 24, 2024.
Since the outset of Russia’s full-scale invasion, Ukrainian energy companies have received 19,200 tons of humanitarian aid from 36 countries.
25 October 2024
The Financial Action Task Force (FATF) did not add Russia to its ‘blacklist,’ instead reiterating that the suspension of Russia’s membership remains in effect.
The European Union, the United States, and the United Kingdom have agreed to provide Ukraine with financial support from frozen Russian assets, with $50 billion to be made available as early as this year.
The Vinnytsia region’s sugar refineries have already produced 140,000 tonnes of sugar.
As of October 25, Vinnytsia agrarians have harvested over 3.3 million tons of grain, having collected crops from 87% of the sown area.
In 2024, Ukrzaliznytsia JSC will transport 175 million tonnes of goods, which is 15% higher compared to last year’s results.
Ukrainian energy specialists have accumulated enough fuel and lubricants ahead of the heating season.
The total economic effect of the small privatization of state-owned assets has reached UAH 9.58 billion over the past two years.
The owners of the Auchan supermarket chain have found a buyer for their branch in Russia, as they can no longer resist European sanctions.
24 October 2024
Despite the ongoing war and Russia’s intensified attacks, Ukrainian authorities have done an amazing job to steer the economy very effectively. At the same time, more needs to be done, namely with regard to domestic revenue mobilization.
Russian strikes on Ukraine’s power generating facilities have reduced the country’s gross domestic product (GDP) growth rate but failed to prevent it from increasing.
More than 3,000 tonnes of honey is produced in the Poltava region annually, which is 5% of Ukraine’s total honey output.
In the challenging winter season, Warsaw is ready to provide additional electricity volumes to the Ukrainian side, namely from its own coal power plants.
The Ternopil region’s sugar refineries have produced more than 130,000 tonnes of sugar.
Ukrainian farmers are finishing the harvesting of cotton, which was sown in the Odesa-based trial fields, totaling more than 5 hectares in area.
In 2025, Ukraine’s public debt is expected to exceed 100% of gross domestic product (GDP).
23 October 2024
Funds received from the USA, as well as other G7 countries and the EU in the amount of $50 billion, will aim to address Ukraine’s most important financial needs in 2025.
The U.S. government has agreed to allocate a $20 billion share of a larger G7 loan for Ukraine, which will be secured with the frozen Russian assets.
On October 23, the EU Council finally approved, under a written procedure, a macro-financial loan of 35 billion euros to Ukraine, which will be paid and serviced from the extraordinary proceeds of Russian assets frozen in the EU.
Ukraine is currently at the forefront of developing its military-industrial complex and enjoys a strategic advantage, which reflects in the ability to immediately test freshly-manufactured defense products on the battlefield.
About $1.1 billion from the IMF has already reached the Ukrainian budget.
At the International Defence & Aerospace Exhibition SAHA EXPO 2024, taking place in Istanbul, Ukrainian Foreign Affairs Minister Andrii Sybiha held negotiations with high-ranking officials of Türkiye’s government and Armed Forces, as well as the heads of defense industry companies.
The International Monetary Fund (IMF) expects that Ukraine’s economy will show a rise of 3.0% in 2024 and decline to 2.5% in 2025.
The Cabinet of Ministers has decided to create an industrial park in Chernivtsi.