Emergency power outages introduced in Kyiv and four regions
Due to the threat of a missile strike, emergency power outages have been introduced in Kyiv.
Economy - Latest news
11 November 2024
10 November 2024
Gazprom withdrawn from Latvijas gāze
In October, 34% of AS Latvijas gāze (Latvian Gas, LG) shares were bought back from the Russian company Gazprom.
09 November 2024
Naftogaz delivers power supply stations to vulnerable categories in Kharkiv region
The harshest winter is approaching. Due to Russian shelling, Ukrainians risk facing power outages once again. In cold weather, it is crucial to support those who need it the most.
Energy workers restore power to over 1,860 consumers affected by hostilities
Yesterday, energy workers restored electricity to 1,861 consumers who had been left without power due to ongoing hostilities.
Ukraine terminates air transport agreement with Iran
The Cabinet of Ministers of Ukraine has terminated an intergovernmental air transport agreement with Iran.
Ukraine receives EUR 12B for fulfilling Ukraine Facility indicators in H1 2024
Ukraine received EUR 12 billion from the European Union under the Ukraine Facility for progress in implementing the Ukraine Plan in January-June 2024.
Ukraine already harvests 68.9M tonnes of grain, oilseed crops
As of November 8, 2024, a total of 68.9 million tonnes of the new-harvest crops were gathered across Ukraine.
Ukraine, UK sign memorandum launching Green Transition Office
The Ukrainian Economy Ministry and the Foreign, Commonwealth and Development Office of the Government of the United Kingdom have signed a Memorandum of Understanding on establishing enhanced cooperation and launching the Green Transition Office.
08 November 2024
Government approves draft state budget for 2025 for second reading
The Government has endorsed the draft state budget for 2025 for the second reading.
Ukraine to receive $1.37B for social spending through World Bank
On November 8, the Ministry of Finance of Ukraine and the World Bank signed a grant agreement to raise about $1.37 billion under the PEACE in Ukraine project to finance social and humanitarian expenditures.
Ukraine needs out-of-the-box solutions to achieve climate goals – expert’s opinion
Amid the full-scale war, Ukraine has to seek non-standard solutions and technologies, and develop in bursts in order to achieve climate goals until 2030.
Fortification works in Odesa region 99% complete – PM Shmyhal
The state has allocated nearly UAH 2.7 billion for fortification works in Odesa region, with 99% of the planned work completed to date.
PM Shmyhal inspects energy facilities in Odesa region
As part of his working visit to Odesa region, Prime Minister Denys Shmyhal inspected the operation of various energy facilities, including a thermal power generation site.
Vinnytsia region produces 188,000 t of sugar as of Nov 8
The Vinnytsia region’s sugar refineries have already produced 188,000 tonnes of sugar.
NBU predicts utility tariffs will remain unchanged in 2025
The National Bank of Ukraine (NBU) expects the current tariffs for natural gas, heating and hot water supply not to be revised next year.
All available funds to support Ukraine will be used before end of Biden's presidential term – Pentagon
The U.S. Department of Defense has stated that all remaining funds for programmes to support Ukraine will be used before the end of Joe Biden's presidential term.
World Bank announces USD 750M support package for Ukraine – PM
The World Bank has announced a new support package for Ukraine amounting to USD 750 million.
Ukraine can become key to solving EU’s economic challenges - Vice PM
Ukraine is able to provide significant added value to the economy of the European Union and help it solve the key challenges laid down in the report drawn by the former President of the European Central Bank and former Prime Minister of Italy, Mario Draghi.
Ukraine planning to enhance cooperation with EIB – President’s Office
Deputy Head of the Office of the President of Ukraine Iryna Mudra met with the newly appointed Head of the European Investment Bank’s Regional Hub for Eastern Europe Kristina Mikulova.
Finance Ministry, GLOBSEC discuss prospects for Ukraine's economic recovery
Ukrainian Finance Minister Sergii Marchenko and Deputy Finance Minister Oleksandr Kava have met with John Barter, Senior Vice President at the security and development think tank GLOBSEC, to discuss prospects for Ukraine's economic recovery.
Ukraine’s electricity imports cut by 58% in Oct 2024 – DiXi Group
Last month Ukraine’s electricity imports reduced by 58% to 181.8 thousand megawatt-hours compared to September 2024. Meanwhile, the export of electricity increased by 88 times to 60.7 thousand megawatt-hours.
07 November 2024
Naftogaz steadily increasing gas production – CEO Chernyshov
Naftogaz Group’s companies have been steadily increasing natural gas production volumes for two years in a row to fully meet the needs of Ukrainians, and are planning to further develop the gas production sector.
Navy spox comments on operation of Ukraine’s maritime corridor, enemy activity at sea
Ukraine’s maritime corridor continues to operate as scheduled. Currently, the enemy does not use missile weapons against the Odesa region’s port infrastructure.
Zelensky: Every operating enterprise is investment in Ukraine's future
Ukrainian President Volodymyr Zelensky has said that the economic element will be a key element of an internal Plan for Strengthening Ukraine.
Zhytomyr, Rivne regions partially blacked out after drone attack - grid operator
Zhytomyr and Rivne regions of Ukraine were partially left without electricity as a result of the Russian strile targeting an energy infrastructure facility.
Ukrenergo suspends payments on green bonds
From November 9, 2024, Ukrenergo National Power Company will suspend payments under its outstanding green notes.
06 November 2024
Ukrgasvydobuvannya’s rent payments exceed UAH 18B over 10 months
In January-October 2024, Ukrgasvydobuvannya JSC transferred UAH 18.04 billion in rent payments to the consolidated budget.
Naftogaz transfers UPS units to vulnerable categories of Ukrainians
In cooperation with Charitable Foundation ‘Energy of Victory of Ukraine’ [Enerhiia Peremohy Ukrainy] and Dobrobat Non-Governmental Organization, Naftogaz Group has transferred 4,000 charging stations ensuring the autonomous operation of household gas boilers to the vulnerable categories of Ukrainians.
Ukraine exempts mobile network operators from forced blackouts
The Cabinet of Ministers included technical facilities operated by telecommunication companies in the list of critical sites that are not subject to compulsory blackout schedules.
State Property Fund announces repeated auction for Zaporizhzhia Industrial Aluminium Plant
The Ukrainian State Property Fund has scheduled a repeated auction for November 7, 2024 to sell the state-owned block of shares in the amount of 97.5458% in the authorized capital of Zaporizhzhia Industrial Aluminium Plant JSC.