More than 700 transit declarations completed since ‘customs visa-free regime’ started
More than 700 transit declarations have been completed since the Convention on Common Transit (‘customs visa-free regime’) came into effect in Ukraine.
Economy - Latest news
11 January 2023
10 January 2023
IAEA monitoring missions to arrive at all Ukrainian NPPs
Monitoring missions of the International Atomic Energy Agency (IAEA) will arrive at all nuclear power plants in Ukraine to monitor their safety in wartime conditions.
Ukraine, Senegal to intensify cooperation in agriculture
The Ministry of Agrarian Policy and Food of Ukraine has signed a memorandum with the Ministry of Agriculture and Rural Equipment of Senegal on cooperation in the area of agriculture.
09 January 2023
Stefanishyna: Government together with EU to form new vision of Ukraine’s green transformation
The Government of Ukraine and the European Commission will join forces to form a new vision of Ukraine's "green" agenda.
Ukraine already exported 17M tonnes of agricultural products via ‘grain corridor’
From August 1, 2022 to January 9, 2023, Ukraine exported 17 million tonnes of agricultural products through the sea ports of Odesa region.
Shmyhal discusses energy resilience and recovery with EC’s Executive Vice-President
Prime Minister of Ukraine Denys Shmyhal discussed strengthening Ukraine’s energy resilience and recovery, sanctions against the Russian Federation with Executive Vice-President of the European Commission Frans Timmermans.
Ukraine's international reserves reach $28.5B — NBU
Ukraine's international reserves grew by 1.9% in December 2022 and amounted to $28.5 billion on January 1, 2023.
Ukrainian wind farms suffer losses worth over EUR 550M due to Russian invasion
Ukrainian wind farms have already suffered more than EUR 50 million worth of losses due to the Russian invaders causing damage and destruction to them and stealing equipment. Additionally, over EUR 500 million was lost due to forced downtime.
08 January 2023
This year Ukraine to increase area planted with oilseed crops - Agrarian Policy Ministry
This year Ukraine will increase the area planted with oilseed crops.
Russian energy workers helping destroy Ukrainian infrastructure - Ukrenergo
Terrorist attacks on Ukraine's energy system are coordinated by Russian energy workers, because they know it well from the inside.
07 January 2023
State Property Fund already held 20 auctions for UAH 6.5M this year
In the first week of 2023, the State Property Fund of Ukraine held 20 auctions for a total sum of UAH 6.5 million.
DTEK explains damage Iranian drones cause to power system
Drones launched by Russia at Ukraine inflict massive damage on the Ukrainian energy system as they hit energy facilities quite accurately.
06 January 2023
Situation with power supplies improves in most Ukrainian regions - Energy Ministry
Since the beginning of 2023, despite Russia's intensive attacks on energy facilities, the situation with power supplies has improved in most regions, but blackout schedules will still be applied during the cold season.
U.S. hits Iran with new sanctions over drone supplies to Russia, missile programs
The United States government announced the introduction of a new package of sanctions against key Iranian officials and an organization involved in the production and transfer of combat UAVs to Russia, as well as Tehran's continued missile programs.
Ukraine received UAH 410B in aid from US last year — Shmyhal
In 2022, Ukraine received the highest level of aid worth UAH 410 billion from the United States.
Ukraine exports more than 50M tonnes of agricultural products in 2022
Ukraine exported more than 50 million tonnes of grain, oil crops and their processing products in 2022.
05 January 2023
Global energy crisis consequence of plot between Russia, OPEC+
The reason behind high energy prices is the artificial curb in oil production by the OPEC+ member states, not Russian aggression against Ukraine, as is commonly believed. Such actions are an international cartel plot, prohibiting which is the only available tool to reduce high energy prices and deprive the Russian Federation of oil and gas revenues for waging a war of aggression.
Six more grain ships leave Ukrainian ports
Six ships carrying 355,000 tonnes of Ukrainian agricultural products departed from Ukraine's Black Sea ports on Thursday, January 5.
Economy Ministry: Ukraine's economy shrinks by 30.4%
The Ministry of Economy preliminarily estimates Ukraine's GDP decline in 2022 at the level of 30.4% (±2%).
04 January 2023
Over 20% of Ukraine's arable land temporarily occupied - agrarian policy minister
Over 20% of Ukraine's arable land is temporarily occupied by Russian forces.
EU to allocate $15.5M for project to support Ukrainian farmers
The European Union will provide $15.5 million to finance the project to support Ukrainian rural households, smallholder farmers and small-scale agricultural enterprises, which is implemented by the Food and Agriculture Organization of the United Nations (FAO).
World Bank to provide $50M for power generators for Ukrainian grain elevators
The World Bank will allocate $50 million to provide Ukrainian grain elevators with power generators or boilers in 2023.
Sales of new passenger cars in Ukraine down 63% in 2022
In 2022, Ukrainians purchased 37,900 new cars, which is 63% less than in 2021.
03 January 2023
Taxes paid by citizens and businesses to be directed to defense and security – PM Shmyhal
Taxes paid by citizens and businesses this year will be directed to the defense and security of Ukraine.
Ukraine plans to create oil reserve for domestic market
In 2023, Ukraine intends to design a legislative framework for the reform of the State Reserve, which implies forming a minimum reserve of oil and petroleum products for the domestic market.
Ukrainian nanosatellite launched into orbit
In the USA, the PolyITAN-HP-30 nanosatellite, created for the 30th anniversary of Ukraine’s Independence by specialists of Igor Sikorsky Kyiv Polytechnic Institute, was launched into orbit.
Ukraine to direct UAH17B confiscated from Russian banks to rebuild housing stock - Shmyhal
Ukraine’s government plans to start rebuilding in the near future the country’s destroyed housing stock at the expense of funds seized from Russian banks.
Government exploring opportunities for building decentralized power system in Ukraine
The Cabinet of Ministers of Ukraine is considering the possibility of building a decentralized energy system, in particular through constructing mini-power plants and smaller generation facilities, which will become less vulnerable to Russian strikes.
Ukrainians to have access to internet for 10-12 hours after blackout - Ministry of Digital Transformation
The Ministry of Digital Transformation together with Canada’s eQualitie handed over 172 SBL batteries to internet providers in all regions of Ukraine.
Nine grain ships depart from Ukrainian ports over past weekend
Nine ships carrying 432,000 tonnes of Ukrainian agricultural products have left Ukraine's Black Sea ports over the past weekend.