NBU expects inflation to slow down in 2025
Next year Ukraine’s price dynamics is likely to slow down following the supply of the new harvest and the improved situation in the energy sector.
Economy - Latest news
13 December 2024
Ukraine’s GDP up by 4% over 11 months – economy ministry
In January-November 2024, Ukraine’s gross domestic product (GDP) increased by 4% compared to the same period last year. Last month Ukraine’s economy grew by 0.9% in annual terms.
12 December 2024
IMF to decide on next tranche for Ukraine on Dec 20
The Executive Board of the International Monetary Fund will meet next Friday, December 20, to consider the results of the Sixth Review of the Extended Fund Facility and allocate the next loan tranche for Ukraine.
IAEA Board of Governors condemns attacks on Ukraine's energy infrastructure, makes no mention of Russia
The 35-nation IAEA Board of Governors adopted a resolution on Thursday condemning attacks on Ukraine's energy infrastructure but stopped short of calling out Russia as the perpetrator of the attacks.
Galushchenko, Grossi talk new IAEA mission to electrical substations
Ukrainian Energy Minister German Galushchenko and IAEA Director General Rafael Mariano Grossi met during an extraordinary meeting of the IAEA Board of Governors.
Pressure on Russia must be increased: Energy Minister briefs IAEA on consequences of Russian strikes
Ukrainian Energy Minister German Galushchenko called on IAEA member states to increase pressure on Russia in order to stop the aggressor's attacks on infrastructure critical to nuclear safety.
FDI volume expected to reach $5B this year - Ukraine’s Vice PM
The volume of foreign direct investment (FDI) in Ukraine last year amounted to $4.2 billion, while this year the Government expects it to rise by 20%.
New European Commissioner seeks to sever all energy ties with Russia
New European Commissioner for Energy Dan Jørgensen sees as his top priority to draw up a plan that would ultimately break all "energy links" between the European Union and Russia.
Ukrainian economy demonstrating remarkable resilience - Austrian expert
The Ukrainian economy continues to demonstrate remarkable resilience, but continued support from international partners remains essential.
Ukraine’s SkyUp launching scheduled flights from Chișinău next spring
From April 2025, Ukraine’s SkyUp Airlines will launch scheduled flights from Chișinău Airport.
Ukrainian manufacturers to get UAH 348M in grants for development
The next phase of the "Made in Ukraine" grant program for processing enterprises has selected its winners, with 75 companies receiving a total of UAH 348.1 million in funding.
11 December 2024
Shmyhal names seven promising areas for cooperation between Ukraine and EU
European countries can gain strategic benefits in key sectors, including energy and defense, from cooperation with Ukraine.
Ukraine, Poland agree on procedure for returning seized funds
Ukraine and Poland have agreed on practical mechanisms for enforcing court decisions in both countries to facilitate the return of unlawfully withdrawn and seized funds to Ukraine.
Scholz calls on German businesses to invest more in Ukraine
Germany firmly supports Ukraine not only through military assistance but also through economic aid. However, private investment is essential to complement state efforts.
7th German-Ukrainian Business Forum kicks off in Berlin
The VII German-Ukrainian Business Forum with the participation of the heads of government of both countries has started in Berlin.
Relocated businesses pay UAH 9.2M in taxes in Kirovohrad region over nine months
In January-September 2024, relocated businesses transferred UAH 9.2 million worth of tax payments to various-level budgets in the Kirovohrad region.
U.S. considering tougher sanctions on Russian energy resources – Bloomberg
The administration of U.S. President Joe Biden is exploring the possibility of significantly stricter sanctions on Russian oil before Donald Trump’s inauguration.
State budget to receive additional UAH 5.2B from agricultural sector next year – minister
The state budget will receive an additional UAH 5.2 billion from the agricultural sector in 2025.
Ukraine, Estonia to develop digital partnership
Ukrainian Deputy Prime Minister for Innovation, Education, Science and Technology Development - Digital Transformation Minister Mykhailo Fedorov and Estonian Prime Minister Kristen Michal have discussed further cooperation in developing a digital state.
10 December 2024
Ukrainian envoy: Developments on diamond market go against Russia’s interests
Opening a diamond certification center in cooperation with the Group of Seven (G7) by Botswana in 2025 and the general developments on the diamond market do not serve the interests of Russia.
Ukraine to receive $454M from World Bank for healthcare development - PM
The World Bank will provide Ukraine with $454 million as part of the THRIVE project, aimed at assisting in reforming the nation’s healthcare system.
Naftogaz Group produces more than 13.5 bcm of gas over 11 months
In January-November 2024, Naftogaz Group’s companies produced more than 13.5 billion cubic meters of natural gas.
Russia keeps purchasing U.S. microchips for arms production despite sanctions - media
Moscow is actively using American electronics to manufacture weapons and devices for waging war against Ukraine.
Ukraine’s steel production exceeds 7M tonnes since early 2024 – Ukrmetalurgprom
In January-November 2024, Ukrainian metallurgical enterprises produced 7.03 million tonnes of steel, which is 23.1% higher compared to the same period last year.
09 December 2024
Galushchenko, Merz visit energy facility destroyed by Russian strikes
Ukrainian Energy Minister German Galushchenko and Friedrich Merz, the leader of Germany’s CDU/CSU bloc, visited one of the Ukrainian energy facilities destroyed by Russian shelling.
Romania's largest energy company targeted in cyberattack
Electrica, the largest electricity supplier in Romania, which operates in 18 counties, was notified of a cyberattack on Monday, December 9.
Decarbonization Fund expects to generate about UAH 1.75B in 2025
In 2025, Decarbonization Fund JSC is expected to generate UAH 1.75 billion in revenues from the carbon tax.
Decarbonization Fund provides support for over 30 projects – State Agency on Energy Efficiency
Decarbonization Fund JSC has provided support for more than 30 projects since it was launched to increase energy efficiency in communities and enterprises.
Ukraine to receive EUR 4.2B under Ukraine Facility in Dec – Shmyhal
The EU Council has approved an additional payment of EUR 4.2 billion to Ukraine under the Ukraine Facility initiative, set to arrive this month.
Estonia sends over 140 transformers, 300 units of energy equipment to Ukraine - Shmyhal
Through the EU Civil Protection Mechanism, Estonia has provided Ukraine with over 140 transformers and over 300 pieces of energy equipment.