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).
Economy
06 October 2023
Antonov seals membership in ASD
SE Antonov received individual membership in the European Aerospace and Defense Industry Association (ASD).
Ukraine’s foreign reserves down to $39.7B in September - National Bank
International reserves of Ukraine as of October 1, 2023 amounted to $39.708 billion, which is 1.7% down against the previous month.
The Netherlands sending EUR 102M in extra aid to Ukraine
The Netherlands is allocating EUR 102 million for the third aid package to Ukraine in 2023.
Economy Ministry predicts GDP growth of up to 5% by year-end
Ukraine’s GDP is expected to grow up to 5% by the end of the year, according to the Ministry of Economy.
Almost 38,000 ha of land already sold at ProZorro.Sale auctions
At online auctions through the Prozorro.Sale system, almost 38,000 hectares of land have already been sold or leased in Ukraine.
Parliament increases 2023 state budget expenditures to record amount
The Verkhovna Rada, Ukraine’s parliament, adopted at second reading amendments to the State Budget of Ukraine for 2023, which increase budget expenditures by UAH 322.6 billion.
Some 46.7M tonnes of grain, oilseed crops already harvested in Ukraine
As of October 6, 2023, Ukrainian farmers harvested 46.7 million tonnes of grain and oilseed crops.
Eighteen new longwalls put into service by DTEK Energy over nine months
DTEK Energy put into service 18 new longwalls in January-September 2023 and is planning to launch nine more before the end of the year.
Ukraine’s steel exports reach 88,000 t over two months since temporary corridor opened
Over two months since the temporary humanitarian corridor was opened, about 88,000 tonnes of steel products and more than 172,000 tonnes of iron ore raw materials have been exported from Ukrainian sea ports.
Anti-graft watchdog raids companies involved in defense supplies
Detectives from the National Anti-corruption Bureau conducted searches in private companies related to the supply of defense industry products, within the framework of criminal proceedings regarding the possible grave embezzlement of budget funds in defense procurement.
Poland demands that Ukraine not "put on pause" but withdraw its claim from WTO
Warsaw demands that Kyiv pull its claim from the World Trade Organization regarding the import of Ukrainian grain rather than "put it on pause."
UK allocates funds to Ukraine to ease situation in winter
The UK government has announced financial assistance to Ukraine to help ease the situation in the winter period.
Azerbaijan, North Macedonia open markets for some Ukrainian products
The Ukrainian State Service on Food Safety and Consumer Protection has reached agreements on the export of certain Ukrainian products to the Republic of Azerbaijan and the Republic of North Macedonia.
Twenty-seven investment projects implemented in Vinnytsia region since early 2023
In January-September 2023, twenty-seven investment projects were implemented in the Vinnytsia region, totaling about UAH 1.2 billion.
Ukraine, UK discuss European integration, reforms, business support
The representatives of Ukraine and the United Kingdom have discussed Ukraine’s European integration commitments, priority reforms, and the development of key industries.
05 October 2023
Ukraine ‘pauses’ WTO lawsuit regarding grain case
Ukraine has ‘paused’ a lawsuit filed with the World Trade Organization (WTO) against certain Member States of the European Union and continues consultations in order to find a constructive solution to the ‘grain issue’, which would meet the interests of neighboring countries and Ukraine itself.
Moldova introducing free gas transit for Ukraine during winter months
The Emergency Situations Commission of Moldova called on the regulator of Moldova’s gas transmission system to ensure a free flow of European gas to storage facilities through four points on the Ukrainian-Moldovan border.
Turkish business hopes for restoration of Black Sea Grain Initiative
Harvesting increases the demand for grain exports from Ukraine as alternative land routes cannot sustain the volume of exports that the Black Sea Grain Initiative provided, so its restoration is important, especially to prevent food shortages in African countries.
Germany’s agri minister pays visit to Ukraine
Minister of Agriculture of the Federal Republic of Germany Cem Özdemir arrived on a visit to Odesa, where he vowed continued support to Ukraine.
Ukraine's GDP to grow by 3.5% this year - World Bank
The World Bank says that despite the Russian invasion, Ukraine's economy is showing signs of moderate recovery due to more reliable electricity supplies and steady receipt of aid from Western powers. This year, GDP is expected to grow by 3.5%.
Japan joins restoration of Ukrainian agriculture
Ukraine and Japan will set up a working group to develop a strategy for the restoration of Ukrainian agriculture.
Pandemic, Russian aggression against Ukraine: European auditors identify budget risks for EU
The European Court of Auditors has identified budget risks associated with the use of the spending part of the EU budget in 2022.
Ukraine receives two autotransformers to ensure power supply for 500,000 consumers
The United Nations Development Program and Japan have purchased and handed over two high-voltage autotransformers to Ukraine's National Power Company Ukrenergo.
Blinken: U.S., Europe preparing legal framework for forwarding seized Russian assets to Ukraine
The United States is working with European allies and partners to create the necessary legal framework for the use of confiscated Russian assets for Ukrainian reconstruction projects.
Total damage to Ukraine’s infrastructure exceeds $151B – KSE
As of September 1, 2023, the total documented direct damage caused by Russian armed aggression to Ukraine’s infrastructure increased by $700 million compared to June 2023.
Ukraine could be entitled to EUR 186B after accession to EU - Financial Times
Ukraine's accession to the EU would entitle Kyiv to about EUR 186 billion over seven years, according to internal estimates of the union's common budget.
04 October 2023
IAEA confirms transition of ZNPP’s unit 4 to hot shutdown
The International Atomic Energy Agency (IAEA) confirmed that unit 4 of the Zaporizhzhia Nuclear Power Plant, temporarily seized by the Russians, was put in hot shutdown.
IMF predicts Ukrainian economy will continue to grow next year
The International Monetary Fund predicts that the Ukrainian economy will continue to grow in 2024.