Power supply restrictions for industry, business on Mon
In Ukraine, a restriction on electricity capacity for industry and business is scheduled for March 17.
Economy - Latest news
16 March 2025
15 March 2025
Tax Service reveals amount of military tax revenues since start of year
Ukrainian taxpayers transferred a total of UAH 51.2 billion in military tax to the budget in 2024. In just the first two months of 2025, they have already paid UAH 22.1 billion.
Fund managers fail to submit 13.5% of budget programs on time - Hetmantsev
Out of 453 budget programs, 13.5% were not submitted by fund managers to the Ministry of Finance for approval within the established deadline. Additionally, 27% of the submitted programs were rejected due to not meeting the required standards.
14 March 2025
PM Shmyhal meets Austrian FM to discuss economy, EU integration
Ukrainian Prime Minister Denys Shmyhal held a productive meeting with Austrian Federal Minister for European and International Affairs Beate Meinl-Reisinger to discuss economic cooperation and Ukraine's path toward European integration.
Ukraine needs to import 2.5 bcm of gas to prepare for winter – expert
To prepare for the heating season, Ukraine will need to import 2.5-3 billion cubic meters of natural gas if gas production resumes.
Naftogaz chief: Situation difficult but controlled after 17 Russian combined attacks
Russian attacks have severely damaged the production facilities of Naftogaz Group, but specialists are doing everything possible to ensure the gas supply to consumers.
Prominvestbank's money seized in U.S. to be returned to Ukraine
The Deposit Guarantee Fund has proven in the U.S. Court of Appeals that over EUR 36.6 million and over $2 million, seized in the accounts of PJSC Prominvestbank, belong to Ukraine.
Naftogaz Group pays UAH 5.8B in taxes in February
In February 2025, Naftogaz Group transferred UAH 5.8 billion in taxes to the state and local budgets, which is 9.4% more compared to February 2024.
About 20% of cargo in Ukraine inspected by private phytosanitary laboratories - Tkachuk
Twenty-one state and five private phytosanitary laboratories currently operate in Ukraine to inspect agricultural enterprises.
13 March 2025
U.S. toughens sanctions on Russia's oil, gas, banking sectors – media
The Trump administration is imposing tougher restrictions on Russia's oil, gas, and banking sectors by further limiting Russia's access to American payment systems.
Hetmantsev talks about money for budget: Possibilities of domestic borrowing are not yet exhausted
The possibilities of raising money to the budget through domestic government bonds have not been exhausted, with funds from time deposits and local community resources among the reserves.
Ukraine receives USD 1.7B through G7 initiative – PM Shmyhal
Ukraine has received 2.5 billion Canadian dollars (about USD 1.7 billion) as part of the G7 ERA initiative.
Ukraine sends 3,850 more tonnes of wheat flour to Syria
Ukraine has sent 3,850 tonnes of flour to Syria as part of the “Grain from Ukraine” humanitarian food programme.
Ukraine planning to enter 31 new export markets
The State Service of Ukraine on Food Safety and Consumer Protection is committed to expanding market opportunities and has already started work on 31 new markets to which Ukrainian companies want to export.
12 March 2025
USAID terminates agreement with Ukraine Energy Support Fund
The U.S. Agency for International Development (USAID) has notified the Energy Community Secretariat about the termination of its grant agreement with the Ukraine Energy Support Fund, amounting to USD 75 million.
Denmark allocates EUR 98M for energy equipment for Ukraine
As part of the Ukraine-Denmark Energy Partnership Program, Denmark has allocated EUR 98 million for the purchase of equipment to strengthen Ukraine's energy security.
Thirteen large wind turbines commissioned in Ukraine last year
In 2024, 13 large wind turbines with a total capacity of 27 MW were commissioned in Ukraine.
Renewable energy sources should become basis of generation in Ukraine - expert
As Ukraine moves towards European integration, the country should gradually transition away from coal and eventually from gas as well. Renewable energy sources should become the primary source of electricity production, and it is also advisable to maintain current nuclear generation.
11 March 2025
Communities exploring prospects for developing distributed generation after USAID projects cut - expert
After the termination of support programs from USAID, communities are looking for other opportunities to develop distributed generation, including attracting private investors to solar generation projects.
Electricity consumption rises in Ukraine – Ukrenergo
Due to cloudy weather, as of the morning of March 11, electricity consumption in Ukraine is 4.1% higher than the previous day.
Iceland donates over EUR 2B to Ukraine Energy Support Fund
The Government of Iceland contributed over EUR 2 million to the Ukraine Energy Support Fund.
Turkey among countries that make largest contribution to Ukraine's energy security - expert
Turkey is among the countries that make the largest contribution to Ukraine's energy security, with current investments in the country’s energy sector amounting to approximately $600 million.
Turkish businesses open most companies in Ukraine last year – TUİD head
Turkish businesses opened the most companies in Ukraine last year. Despite the negative consequences of the war, difficult conditions, and challenges, Turkey and Turkish businesses continue to demonstrate a strong interest in doing business in Ukraine.
10 March 2025
Ukraine becomes world's biggest arms importer – SIPRI
Ukraine became the world's largest importer of major arms during the 2020-2024 period, with its imports increasing nearly 100 times compared with 2015-2019, while Russian exports fell by 64%.
09 March 2025
Turkish businesses waiting for Ukraine's FTA ratification – TUID
Negotiations on the Free Trade Agreement (FTA) between Turkey and Ukraine began in 2007. The agreement was signed by the presidents three weeks before Russia's full-scale invasion of Ukraine and is now at its final stage.
08 March 2025
Trump administration considering easing sanctions on Russia's energy sector – Reuters
The U.S. government is studying ways it could ease sanctions on Russia's energy sector as part of a broad plan to enable Washington to deliver swift relief if Moscow agrees to end the Ukraine war.
Naftogaz, Poland’s ORLEN to cooperate in supplying LNG to Ukraine
NJSC Naftogaz of Ukraine and Polish company ORLEN sign a memorandum of cooperation in the liquefied natural gas (LNG) sector.
Finance Ministry: Partners more willing to engage in dialogue on use of Russian assets
The Ukrainian government is collaborating closely with its Western partners to seek a consensus on Russian assets, and they are now more willing to engage in a dialogue on this subject.
07 March 2025
UK transfers first GBP 752M to Ukraine from frozen Russian assets
Ukraine has received the first GBP 752 million from the United Kingdom, funded by revenues generated from frozen Russian assets.
Hetmantsev: Trump aims to change global rules, assesses threats to dollar as reserve currency
The leading role of the US currency in global trade, international payments and reserves is unlikely to be threatened in the coming years.