President announces launch of ‘grain corridor’ from Ukraine through Moldova to Romania
President Volodymyr Zelensky announced that a new "grain corridor" for the export of Ukrainian grain through Moldova to Romania will be launched soon.
Economy
IMF upgrades outlook for Ukraine’s GDP growth in 2023 to 2%
The International Monetary Fund expects Ukraine's GDP to grow by 2% by the end of 2023, which is significantly different from the Fund's April outlook, which suggested negative dynamics at the level of -3% for the war-torn country.
G7 finance ministers to discuss support for Ukraine at meeting in Marrakech
Support for Ukraine and the world economy will be discussed at a meeting of finance ministers and central bank governors from the Group of Seven (G7) countries under the chairmanship of Japan in Marrakech on October 12.
Ukrnafta plans to involve partners to develop 21 fields
PJSC Ukrnafta is looking for partners for the joint development of 21 oil and gas fields.
Unscrupulous arms manufacturers intend to withdraw almost 6B from budget – State Audit Service
Since the beginning of the full-scale Russian invasion, the State Audit Service of Ukraine has discovered abuses to the tune of UAH 6 billion which unscrupulous manufacturers, contractors of state defense orders, wanted to withdraw from the country's budget.
Government plans to double financing of micro-grant program for business – Economy Ministry
The Cabinet of Ministers will double the funding for the micro-grant program for business development; next year it is planned to issue grants worth UAH 3.5 billion.
09 October 2023
IMF recommends that Ukraine focus on capacity to collect tax, customs revenues
The International Monetary Fund (IMF) recommends the Ukrainian government to focus on strengthening the capacity to collect tax and customs revenues.
Veon leaves Russian market
Veon Ltd., a multinational telecommunication services company, said on Monday that it has completed the sale of its Russia unit to senior country managers, capping months of negotiations to exit the Russian market after the 2022 invasion of Ukraine.
Finance ministry raises UAH 23B in state budget from sale of war bonds in Sept 2023
In September 2023, the Ukrainian Finance Ministry raised about UAH 23 billion in the state budget from the placement of war bonds.
Finland allocates EUR 92M to Ukraine, other countries affected by Russia's aggression
Finland is contributing EUR 92 million to the World Bank Group's International Development Association (IDA) to scale up support to Ukraine, Moldova and other countries affected by Russia's aggression against Ukraine.
Azerbaijan to provide more equipment to restore Ukraine's power grid this year
Since the beginning of Russia's full-scale invasion of Ukraine, Azerbaijan has provided ten shipments of humanitarian aid to restore the country's power grid, with a new batch of aid for the restoration of distribution networks expected by the end of the year.
NBU governor to participate in World Bank and IMF Annual Meetings in Morocco
Governor of the National Bank of Ukraine Andriy Pyshnyy and his deputy Serhiy Nikolaychuk left for Marrakech as part of Ukraine’s official delegation to participate in the Annual Meetings of the World Bank Group and the International Monetary Fund.
Communities have leading role in restoration process – Kubrakov
The restoration of the country should begin with communities because it is at this level that the priorities of recovery are best understood.
High Anti-Corruption Court closes Rotterdam+ case
Ukraine’s High Anti-Corruption Court closed the Rotterdam+ case.
Nobel Prize: This year’s laureate in Economic Sciences announced
American Claudia Goldin won the 2023 Nobel Prize in the Economic Sciences.
OECD praises Ukraine's achievements in anti-corruption policy in five areas
The Organization for Economic Cooperation and Development (OECD) has praised Ukraine's achievements in anti-corruption policy in five areas, Ukraine's National Agency on Corruption Prevention (NACP) said.
Oil rises in price amid attack on Israel
Oil prices jumped on Monday, October 9, amid the Hamas group's attack on Israel.
In Donetsk region, 315 agrifirms devastated since war-start
Since went for a full-blown invasion of Ukraine, the enemy has destroyed or damaged 315 agricultural enterprises, inflicting losses worth at least UAH 4 million.
Ukraine to use UAH 1.8B IBRD grant to restore critical logistics infrastructure
The Ukrainian government will use a UAH 1.8 billion grant from the International Bank for Reconstruction and Development to restore critical logistics infrastructure.
08 October 2023
Of planned 1.7 GW of additional capacity, 1.5 GW already added to Ukraine’s power grid
Of the planned 1.7 GW of additional capacity, 1.5 GW have already been added to the national power system.
Over 200 Ukrainian companies start developing drones this year – PM Shmyhal
Ukraine works on strengthening its own defense capabilities and recovery.
07 October 2023
South Korea, Ukraine discuss infrastructure reconstruction projects – media
South Korea's Trade Minister Dukgeun Ahn met with a group of Ukrainian officials on Friday and discussed ways to enhance bilateral cooperation on rebuilding war-torn infrastructure and broader economic ties.
PM Shmyhal meets with governors to discuss protection of energy facilities
Prime Minister Denys Shmyhal discussed with the heads of regional military administrations the protection of energy facilities and rapid recovery projects.
Ukraine develops AI regulation roadmap
The Ministry of Digital Transformation has developed a roadmap for the regulation of artificial intelligence in Ukraine.
Local budgets receive UAH 330.3B in Jan-Sept 2023
In January-September 2023, local budgets received UAH 330.3 billion in payments controlled by the State Tax Service.
Ukraine’s commercial vehicle market recovering in Sept 2023
In September 2023, a total of 1,012 new commercial vehicles were registered in Ukraine, which is 6% higher compared to August 2023 and 65% higher compared to September 2022.
Naftogaz Group’s portfolio of non-resident customers expands to 148 companies
Naftogaz Group’s portfolio of non-resident customers has increased to 148 companies since early 2023. A total of 2.2 billion cubic meters of natural gas is being stored by foreign customers in Ukrainian underground gas storage facilities at the moment.
Nobel prize winner Matviychuk: Legal mechanisms needed to use Russia’s frozen assets for Ukraine recovery
One and a half trillion rubles worth of Russia’s state assets has been frozen abroad, which should be legitimately used for the reconstruction and modernization of Ukraine.
NBU liquidates Ukrbudinvestbank
The National Bank of Ukraine (NBU) has decided to revoke the banking license and liquidate JSC Ukrainian Construction and Investment Bank (Ukrbudinvestbank).