Investors trying to withdraw capital from Ukraine amid information threats – Shmyhal
Investors are trying to withdraw their capital from Ukraine under the pressure of information threats.
Economy - Latest news
17 February 2022
16 February 2022
Economy minister outlines priority projects for GDP growth
The Government focuses on a number of key priority projects that will help accelerate the growth of national GDP.
Ukraine interested in cooperation with Lithuania in cybersecurity
The Ministry of Energy of Ukraine is interested in cooperation with Lithuania in cybersecurity, in particular, at the level of cybercenters operating on the basis of NEC Ukrenergo and NJSC Naftogaz of Ukraine.
NBU sells $377M to smooth out excessive fluctuations on foreign exchange market
On February 14, 2022, the National Bank of Ukraine (NBU) sold $377 million to smooth out excessive fluctuations on the foreign exchange market.
Finance Ministry places government bonds for UAH 66M
The Ukrainian Ministry of Finance raised UAH 66 million to the state budget at an auction for the placement of domestic government bonds, according to the ministry's press service.
15 February 2022
Ukraine presents encapsulated watermelon seed oil at Gulfood
The Association of Producers of Kherson Watermelons became the winner in the nomination "Most Innovative Organic Product" at the Gulfood Trade Show 2022, presenting encapsulated watermelon seed oil.
Ukraine prevented blockade of Black Sea ports – Infrastructure Ministry
A sea corridor with a confirmed depth of 15-22.5 m has been identified for the safe entry of merchant vessels into Ukrainian ports, which allows bypassing the area of illegal military exercises being conducted by Russia, the Ministry of Infrastructure of Ukraine has said.
Ukrzaliznytsia gets UAH 21M in net profit in Jan 2022
JSC Ukrzaliznytsia received a net profit of UAH 21.2 million in January 2022, according to the company’s press service.
Ukraine’s cast iron production decreased by 1.8% in Jan 2022
In January 2022, Ukraine’s cast iron production decreased by 1.8% compared with January 2020, Ukrinform reports, referring to the Ukrmetalurgprom Association.
Zelensky: Chancellor confirms Germany's intentions to support development of RES in Ukraine
President of Ukraine Volodymyr Zelensky said that German Chancellor Olaf Scholz had confirmed Germany's intention to financially support green energy initiatives in Ukraine.
Ukraine’s exports of goods grew by 38.4%, imports of services by 32.9% - statistics service
In 2021 compared to 2020, Ukraine’s imports of goods grew by 34.0% to $72.82 billion, exports - by 38.4% to $68.09 billion; Ukraine’s imports of services increased by 32.9% to $7.59 billion, exports - by 14.2% to $13.16 billion, according to the State Statistics Service.
President’s Office forecasts hryvnia stabilization within two-three months
The national currency exchange rate is expected to stabilize at UAH 27 per U.S. dollar within two or three months, according to the Ukrainian President’s Office.
U.S. offering Ukraine loan guarantee of up to $1B - Blinken
U.S. Secretary of State Antony Blinken has said the United States is offering Ukraine a sovereign loan guarantee of $1 billion loan to help Ukraine's economy.
14 February 2022
Zelensky, Scholz have ‘some differences’ in assessment of Nord Stream 2
President of Ukraine Volodymyr Zelensky said that he discussed the security risks posed by Nord Stream 2 with German Chancellor Olaf Scholz, noting they have "some differences in assessment."
Zelensky proposes holding fifth German-Ukrainian economic forum
Ukraine and Germany have promising areas for cooperation, so it would be important to hold the fifth German-Ukrainian economic forum in 2022, President Volodymyr Zelensky has said.
Germany provides EUR 150M loan in support of Ukraine - Scholz
German Chancellor Olaf Scholz has announced the disbursement of a EUR 150 million loan in support of Ukraine.
All types of motor fuel increased in price – statistics service
From January 2021 to January 2022, all types of motor fuel grew in price in Ukraine, according to the State Statistics Service.
Ukraine increases gas imports
Ukraine has imported 162 million cubic meters of natural gas since the beginning of February 2022, Gas Transmission System Operator of Ukraine (GTSOU) CEO Sergiy Makogon has posted on Facebook.
NBU provides more than UAH 1B in refinancing to five banks
The National Bank of Ukraine (NBU) provided UAH 1.045 billion in refinancing to five banks, Ukrinform reports, referring to the central bank’s press service.
President’s Office: Ukraine ready to undertake financial commitments for aircraft safety
Ukraine is ready to undertake financial commitments on flight safety in Ukrainian airspace.
13 February 2022
Govt allocates UAH 16.6B to guarantee flight safety in Ukraine's airspace – Shmyhal
The Cabinet of Ministers of Ukraine is allocating UAH 16.6 billion to guarantee the safety of flights in Ukraine's airspace, Prime Minister Denys Shmyhal has said.
11 February 2022
More than 94,000 land agreements registered in Ukraine
As of February 11, 2022, 94,265 agreements on the purchase and sale of agricultural land were registered in Ukraine, Ukrinform reports, referring to the press service of the Agrarian Policy and Food Ministry.
Ukraine’s electricity production grew 5.7% in Jan 2022 – Energy Ministry
In January 2022, Ukraine's electricity production amounted to 15.102 billion kWh, which is 5.7% more than in January 2021, according to the Energy Ministry’s press service.
Non-residents reduced government bonds’ portfolio since year-start – NBU
Since the start of 2022, non-resident investors have reduced their portfolio of hryvnia denominated domestic government bonds by UAH 10.8 billion.
Ukrainian president signs law on electronic communications watchdog
Ukrainian President Volodymyr Zelensky has signed the law "On the National Commission for State Regulation in the Spheres of Electronic Communications, Radio Frequency Spectrum and the Provision of Postal Services of Ukraine," which the Verkhovna Rada approved on December 16, 2021, the press service of the Ministry of Digital Transformation of Ukraine has said.
Sweden to provide EUR 22M to Ukraine annually to support reforms
As part of a new strategy for cooperation, Sweden will allocate EUR 22 million to Ukraine annually within the next seven years.
IMF plans to send next review mission to Ukraine in Q1 2022
The International Monetary Fund is monitoring the situation in Ukraine and is planning to send the next review mission under the Stand-By Arrangement for Ukraine in the first quarter of 2022.
10 February 2022
Ukraine sees NPL share shrink to 30% in 2021
The share of non-performing loans in Ukrainian banks shrank by 11% in 2021, to 30%, the press service of the National Bank of Ukraine (NBU) has said.
Deposits of individuals in Deposit Guarantee Fund’s banks grew by UAH 68B in 2021
The total amount of deposits of individuals in banks-participants of the Deposit Guarantee Fund of Ukraine amounted to UAH 675.6 billion in 2021, Ukrinform reports, referring to the Fund’s press service.
Zelensky: No obstacles in terms of security that would hinder business
President Volodymyr Zelensky assures that there are no obstacles in terms of security that would prevent business from working in Ukraine.