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.
Economy - Latest news
09 December 2024
08 December 2024
Power outage schedules to be in place from 8:00 to 19:00 on Monday – Ukrenergo
Hourly electricity restrictions for residential consumers are scheduled for Monday, December 9, from 8:00 to 19:00, with outages affecting one group at a time.
Ukraine to import electricity from five countries on Sunday
Last day, the energy sector restored electricity supply to 4,747 consumers who had been in blackout as a result of hostilities. Imports from five countries are scheduled for Sunday.
NBU allocates over UAH 57.3M for defense needs in November
Since the beginning of the full-scale war, nearly UAH 37.9 billion has been transferred from the special account opened by the National Bank of Ukraine (NBU) for defense needs. In November 2024, over UAH 57.3 million was allocated.
07 December 2024
Power outage schedules to be in place on Sunday from 14:00 to 18:00 – Ukrenergo
Hourly power outages for residential consumers are scheduled for Sunday, December 8, from 14:00 to 18:00, with one group of consumers affected at a time.
Fitch affirms Ukraine's rating at Restricted Default
The international rating agency Fitch Ratings has affirmed Ukraine's long-term foreign currency issuer default rating (IDR) at Restricted Default (RD).
Russia’s attacks on Ukrainian infrastructure disrupt food supplies, destroy healthcare system, environment – Global Rights Compliance (GRC)
The international human rights organization Global Rights Compliance (GRC) emphasized that since the full-scale invasion of Ukraine, Russia has been targeting critical infrastructure, causing serious consequences. Due to Russian attacks on Ukraine’s energy system, healthcare workers are forced to operate in darkness, food supply chains are disrupted, and the environment is suffering.
Grid operator reports on schedule of power outages for Saturday
On Saturday, December 7, hourly power shutdown schedules for household consumers will be in effect from 09:00, and capacity restrictions for businesses were introduced from 08:00.
Agricultural trade turnover between Ukraine and South Korea reaches $200M a year
Ukraine exports corn, wheat, and sunflower oil to the Republic of Korea. The trade turnover between the two countries in the agricultural sector is currently only $200 million a year.
06 December 2024
PM of Ukraine, Secretary General of Council of Europe discuss compensation for damages caused by Russia to Ukraine
Prime Minister of Ukraine Denys Shmyhal and Secretary General of the Council of Europe Alain Berset discussed compensation for the damage caused by Russia to Ukraine.
Nearly 90 companies relocated to Kirovohrad region since full-scale war
Since the beginning of the full-scale war, 87 companies have moved their production facilities to the Kirovohrad region.
Three Ukrainian nuclear power plants resume generation - IAEA
Three operating nuclear power plants (NPPs) in Ukraine – Khmelnytskyi, Rivne and South Ukraine – have almost fully resumed electricity generation after a sharp reduction in capacity last week as a precautionary measure due to renewed Russian attacks on the country’s power grid.
Bashtanka Cheese Plant plans to resume production in Mykolaiv region
Bashtanka Cheese Plant, which is known for its Slavia brand products, is considering resuming operations in the Mykolaiv region.
Finance Ministry transfers UAH 16.4B from state budget to local budgets in November
In November 2024, the Ministry of Finance made inter-budget transfers to local budgets in the amount of UAH 16.4 billion.
05 December 2024
World Bank to continue financing Ukraine's reconstruction programs in 2025
Ukraine and the World Bank plan to continue cooperation in 2025, focusing on entrepreneurship programs, mortgage programs, and support for regional development.
Ukraine, U.S. agree to renew trade agreement in early 2025
Ukraine and the United States are ready to sign a protocol to the Trade and Investment Cooperation Agreement in early January 2025.
Ukraine's international reserves reach $39.9B as of Dec 1 – NBU
Ukraine's international reserves increased by 9.1% in November and stood at USD 39.9 billion as of December 1, 2024.
Ukraine, EU sign greement on use of proceeds from frozen Russian assets
Finance Minister Serhii Marchenko signed an agreement with the EU on the establishment of the Ukraine Loan Cooperation Mechanism (ULCM), which will allow for the use of proceeds from frozen Russian assets to repay loans worth up to EUR 45 billion within the framework of the G7 Extraordinary Revenue Acceleration Loans for Ukraine (ERA) initiative.
Naftogaz Supervisory Board elects acting CEO
The Supervisory Board of NJSC Naftogaz of Ukraine has appointed CFO Roman Chumak as acting Chairman of the Board.
Ukraine needs to open agro-processing facilities - agrarian policy minister
Ukraine should pursue the active transition to a value-added economy model through the establishment of processing plants, which will enhance the value of its agricultural exports.
Govt raises almost UAH 1.4T from sale of government bonds since war began
Since the beginning of the full-scale war through November 30, 2024, the Ukrainian government has raised almost UAH 1.397 trillion in equivalent from the sale of domestic government bonds through primary auctions.
Corporate lending in Ukraine grows 22% over past year – NBU
The banks’ net hryvnia corporate loan portfolio has grown by almost 22% over the past 12 months, which is higher than the nominal growth rate of the economy.
04 December 2024
Poland must address border blockade issue - Minister Koval
Warsaw needs to resolve the ongoing problem of periodic border blockades by Polish farmers and the threat of future disruptions.
EBRD Board of Directors approves investments in Ukraine amounting to over EUR 1.3B
The EBRD Board of Directors has approved investments totaling over EUR 1.3 billion in Ukraine as part of eight projects supporting the public and private sectors.
International reserves to exceed $40B by year-end - NBU
The National Bank of Ukraine projects that Ukraine’s international reserves will exceed $40 billion before the end of 2024.
Ukraine signs loan agreement with EU for up to EUR 35B in macro-financial assistance
Ukrainian Finance Minister Sergii Marchenko, Governor of the National Bank of Ukraine Andriy Pyshnyy, and Vice-President of the European Commission Valdis Dombrovskis have signed a Memorandum of Understanding and a loan agreement with the European Union to secure up to EUR 35 billion in Macro-Financial Assistance (MFA).
Senator explains how Canada can help rebuild Ukraine
Canada's greatest contribution to rebuilding Ukraine may be about increasing military aid.
Ukrainian exports to receive more opportunities in Canada
The Ministry of Foreign Affairs of Ukraine and the Canada-Ukraine Chamber of Commerce have signed a Memorandum of Understanding to assist Ukrainian exporters.
Finance Ministry: Ukraine already performed 199 commitments under intl cooperation programs
In January-September 2024, Ukraine performed 199 out of 531 indicators to be implemented under international cooperation programs over the next 10 years.
Amendments to tax legislation should not affect fuel prices – expert
The introduction of an advance payment for each filling station should not affect fuel prices, as it is not actually a tax increase.