"Green Week": big agri exhibit with Ukraine’s participation wraps up in Berlin
The 10-day largest international agri-industrial exhibition fair Grüne Woche 2025 ("Green Week") completed its work in Berlin.
Economy - Latest news
26 January 2025
25 January 2025
Estonia not ruling out provocations during disconnection from Russian grid
Estonian Minister of Internal Affairs Lauri Läänemets believes provocations from the Russian side are possible during the desynchronization of the Estonian energy system from the Russian one.
Zelensky: Ukraine ready to export gas from Azerbaijan
President Volodymyr Zelensky has stated that Ukraine is ready to transport gas from Azerbaijan.
Russia exporting Ukrainian kaolin, coal via Mariupol port
The invaders are exporting kaolin and coal brought by rail from Luhansk region through the Mariupol port on the Sea of Azov.
ISW: Oil prices affecting Russia's ability to wage war concerns Putin
Vladimir Putin demonstrated that he is worried about the effect that lower oil prices would have on his domestic stability and ability to wage war in Ukraine.
International businesses show interest in construction of RDF-fired CHPPs in Ukraine
The Ukrainian State Agency for Restoration and Infrastructure Development, together with international companies, has considered projects on the construction of combined heat and power plants (CHPPs) running on refuse-derived fuel (RDF).
24 January 2025
Ukraine is interested in cooperation with Japan in pharmaceutical industry - HM
Ukraine is interested in localizing the production of innovative Japanese medicines in cooperation with Ukrainian pharmaceutical manufacturers.
Trump’s suspension of U.S. aid not to hinder financial support for Ukraine – NBU Governor
President Trump’s 90-day suspension of funding for international assistance programs from the United States does not pose a threat to Ukraine’s receipt of USD 38.4 billion in international assistance planned for 2025.
Economy ministry submits report package on implementation of Ukraine Facility Plan to EC
The Ukrainian Economy Ministry has submitted to the European Commission a report package on the implementation of the Ukraine Facility Plan in the fourth quarter of 2024 with 13 key tasks confirmed as fulfilled.
Wind farm construction on Runa Meadow halted in Zakarpattia
The Ministry of Environmental Protection and Natural Resources of Ukraine has suspended the review of environmental impact assessment (EIA) documents regarding the construction of 30 wind turbines on the Runa Meadow in Zakarpattia (Transcarpathia).
Deputy PM Svyrydenko outlines economic prospects for investors in Davos
The future agreements on security guarantees for Ukraine should be very practical to enable foreign businesses to plan their development in the country.
23 January 2025
Canada freezes over $350M in Russian assets since Ukraine war start
As part of sanctions imposed for violating Ukraine's sovereignty, Canada has frozen Russian assets worth more than $457 million Canadian dollars (over USD $350 million).
DTEK, Vestas announce construction of phase II of Eastern Europe’s largest wind farm
Ukraine’s DTEK Group and Denmark’s Vestas, a leading global wind turbine manufacturer, have signed an agreement for the construction of the second phase of Tylihul Wind Farm in the Mykolaiv region.
Ukraine produces 1.8M tonnes of sugar in 2024
Last year, according to the estimated data, Ukraine’s sugar production output reached 1.8 million tonnes.
Government establishes Forests of Ukraine’s supervisory board
The Cabinet of Ministers of Ukraine has approved candidates for the Supervisory Board of Forests of Ukraine State Enterprise. The Supervisory Board will include three independent members and one representative of the state.
22 January 2025
EU to provide Ukraine with EUR 35B in financial aid in 2025
In 2025, the European Union will allocate EUR 35 billion in financial aid to Ukraine as part of the G7 ERA initiative and the Ukraine Facility program.
Zelensky discusses economic cooperation with Vietnamese PM in Davos
During the World Economic Forum in Davos, Volodymyr Zelensky met with Vietnamese Prime Minister Pham Minh Chinh.
21 January 2025
Russia's oil exports see sharpest drop since November following U.S. sanctions – Bloomberg
Last week, Russia's seaborne oil exports experienced their steepest decline since November, following sweeping sanctions imposed by former U.S. President Joe Biden.
Sharp rise in companies with Russian participation in Bulgaria – media
The number of companies with Russian participation in Bulgaria had risen sharply by the end of 2024.
Ukraine expects to attract EUR 30.6B in budget support from EU this year – Finance Ministry
Ukraine expects to receive EUR 30.6 billion in budget support from the European Union in 2025.
Ukraine’s state budget receives UAH 1,133.5B in tax payments in 2024
During 2024, Ukraine’s state budget received UAH 1,133.5 billion worth of payments controlled by the Ukrainian State Tax Service.
20 January 2025
NBU updates its strategy for second time since beginning of war
For the second time since the beginning of the full-scale invasion, the National Bank of Ukraine has updated its institutional Strategy, adding new tasks on the price stability of the hryvnia and the digital security of the banking system.
Minister Koval: Small farms in Ukraine obtain EUR 20M from EU in 2024
Ukrainian farmers receive international assistance, but it is much lower compared to some other sectors.
Ukraine, Britain, Lithuania launch system to track stolen grain
At the Berlin Agriculture Ministers’ Conference, Ukraine's Minister of Agrarian Policy and Food Vitalii Koval signed an updated Memorandum with his British and Lithuanian counterparts to implement the Grain Verification Scheme (GVS). This scheme aims to address and prevent the illegal export of Ukrainian grain from the occupied territories.
18 January 2025
Ukrainian banks fulfil EU requirement, shifting to new capital structure
Ukraine’s banking system has successfully completed the second stage of transition to a new three-tier capital structure in line with EU requirements. As of January 1, 2025, banks' capital is sufficient to cover all key risks.
Poland planning defense industry delegation visit to Ukraine - defense chief
Deputy Prime Minister, Minister of National Defense Wladyslaw Kosiniak-Kamysz of Poland is preparing a visit of the country’s defense industry delegation to Ukraine.
Naftogaz Group’s annual performance: 83 new wells, gas production at 13.9 bcm
Ukrgasvydobuvannya JSC, which is part of Naftogaz Group, produced 13.9 billion cubic meters of commercial-grade gas in 2024 (compared to 13.2 billion cubic meters in 2023).
World Bank expects Ukraine’s economic growth of 2% in 2025
The World Bank expects that Ukraine’s gross domestic product (GDP) rate will increase to 2% at the end of 2025.
17 January 2025
Zelensky: Only our own efforts towards energy independence can help Europe
Once the Russian transit terms have simply expired, the reality is simple: only relations with Europe’s partners and Ukraine’s own efforts towards energy independence can help Europe.
Ukraine signs memorandum to supply hydrogen to EU
Gas Transmission System Operator of Ukraine LLC (GTSOU) and several key organizations and companies have signed a Memorandum of Understanding to establish and support the implementation of the Ukraine-EU Hydrogen Corridor.