Ukraine, EU sign credit agreement under Ukraine Facility
National Bank of Ukraine (NBU) Governor Andriy Pyshnyy and Ukrainian Finance Minister Sergii Marchenko have signed a credit agreement under the Ukraine Facility.
Economy - Latest news
25 June 2024
PM Shmyhal, Swedish government and business representatives discuss increasing investment in Ukraine
Ukrainian Prime Minister Denys Shmyhal has met with Swedish International Development Cooperation and Foreign Trade Minister Johan Forssell and business representatives to discuss increasing investment in Ukraine.
24 June 2024
Shmyhal, Bundesrat president discuss decentralization of Ukrainian energy system
At a meeting in Kyiv with German Bundesrat President Manuela Schwesig, Prime Minister Denys Shmyhal expressed gratitude to Germany for its support and significant contribution to strengthening Ukraine.
New sanctions: EU cracks down on Russian "dark fleet", bans private flights from Russia
The EU Council of Ministers adopted the 14th package of sanctions against Russia, which provides for measures against Russia’s "shadow" fleet of tankers and introduces tougher restrictions on Russian flights in the EU airspace.
Two substations damaged in satellite city of Zaporizhzhia NPP - IAEA
In the past few days, two substations were damaged in the temporarily occupied city of Enerhodar, where most of the Zaporizhzhia Nuclear Power Plant (NPP) staff live.
EU Council bans European parties, organizations from receiving funding from Russia
In the 14th package of sanctions against Russia, the EU Council has banned European parties, NGOs and think tanks from receiving any funding of Russian origin.
EU passes 14th package of Russia sanctions
EU foreign ministers, who met today in Luxembourg in the format of the EU Council of Ministers, adopted the 14th package of sanctions against Russia in relation to its aggression against Ukraine, which, in particular, puts further pressure on Russia’s energy sector and contains measures to prevent attempts to evade European sanctions.
23 June 2024
EU, China agree to discuss duties on electric cars
China and the EU have agreed to start negotiations on the planned introduction of EU tariffs on Chinese-made electric vehicles.
ProZorro.Sale has already hosted 35,000 auctions for lease of state and municipal property
Since its launch in 2020, ProZorro.Sale has already held 35,000 auctions for the lease of state and municipal property, which annually bring up to UAH 200,000 to the organisers.
Ukraine is second in Central and Eastern Europe by number of AI companies
Ukraine ranks second among the countries of Central and Eastern Europe in terms of the number of companies operating in the field of artificial intelligence - 243 companies and about 5200 specialists.
EU is the largest donor of direct budgetary assistance – Finance Ministry
Since the beginning of Russia’s full-scale invasion, the European Union has been the largest donor of direct budgetary assistance; in the first five months of 2024 alone, financial support from the EU accounted for more than half of all funds raised.
22 June 2024
Power outage schedules across Ukraine on Sunday to be in effect only in the evening
On Sunday, June 23, hourly power outage schedules will be applied in all regions of Ukraine from 19:00 to 23:00.
Ukraine to receive $50B from G7 by year-end - Belgian finance chief
Finance ministers of the EU member states considered practical issues regarding the implementation of the G7 decision to provide Ukraine with a $50 billion loan at the expense of frozen Russian assets, and will continue their work in July so that Ukraine can receive the money by the end of the year.
Ukrzaliznytsia has already shipped more than 1200 wagons with agricultural products at reduced rate
Ukrzaliznytsia has already exported 1260 wagons with Ukrainian agricultural products at a discount.
More than 30 wind power projects are under construction in Ukraine
In total, more than 30 projects are being developed in Ukraine to launch new wind generation, and they are at different stages of readiness.
Russian strikes leave energy equipment damaged at facilities in Zaporizhzhia, Lviv regions
The Russian army launched the eighth massive combined missile and drone strike targeting Ukraine’s critical energy infrastructure.
Putin's war in Ukraine turning point for global economy - IMF
In addition to human losses, as well as the economic damage caused by Putin's war in Ukraine, Russian aggression also entailed serious consequences for the global economy, becoming a turning point that will affect the world in the future.
Government allocates UAH 1B to buy school buses - Shmyhal
The Cabinet of Ministers has decided to allocate UAH 1 billion as a subvention to the Ukrainian regions for the purchase of school buses.
Ukraine attracted $85.4B in international aid since war began
Since the beginning of Russia’s full-scale invasion, Ukraine has attracted $85.4 billion in international financial assistance.
Poltava region enterprises exported goods worth more than $730M in Jan-April
In January-April 2024, enterprises in the Poltava region increased their exports by 47% - to more than USD 730 million.
NB bans gambling with credit money
Starting from 22 June 2024, the National Bank of Ukraine (NBU) will introduce a ban on the use of credit funds for gambling.
21 June 2024
Defence Procurement Agency is largest customer of drones in Prozorro
Since the beginning of the year, the Defence Procurement Agency of the Ministry of Defence of Ukraine has purchased drones worth UAH 2.5 billion through Prozorro.
Ukraine's government approves bill on unified information system of social sphere
The Cabinet of Ministers of Ukraine has approved a bill on the unified information system of the social sphere.
More than half of direct budget aid comes from EU - Ministry of Finance
Since the start of the full-scale invasion, the European Union has been the largest donor of direct budgetary assistance; in the first five months of 2024 alone, EU financial support accounted for more than half of all funds raised.
Cabinet of Ministers allocates almost 2.6 million to help families of fallen volunteers
The government has allocated almost UAH 2.6 million to the Ministry of Veterans Affairs to pay one-time financial assistance to relatives of volunteers killed in combat.
Ukraine renews agreement with ESA on cooperation in use of outer space for peaceful purposes
The Cabinet of Ministers has approved a draft agreement between Ukraine and the European Space Agency on the renewal of a similar agreement of 2008.
Government approves program to strengthen resilience of power system for 759 million
The Cabinet of Ministers has approved the procedure for using the funds of the State Fund for Decarbonization and Energy Efficient Transformation.
Finance Ministry calls on FATF to blacklist Russia
Ukraine’s Ministry of Finance is calling on the Financial Action Task Force (FATF) to blacklist Russia at its upcoming plenary session on June 23.
Hot drinks and hot dogs: Ukrnafta doubles its non-fuel sales this year
In January-May 2024, PJSC Ukrnafta received UAH 260 million from non-fuel sales, which is twice as much as in the same period last year.
Ukraine launches new high-rate gas well
Naftogaz Group has put into operation a gas well with a daily flow rate of 439,000 cubic meters of natural gas.