State Property Fund held eight successful privatization auctions in week
From April 15 to 19, the State Property Fund held eight successful online privatization auctions in the Prozorro.Sale system for a total of UAH 28.5 million.
Economy
19 April 2024
Since February 2022, Ukraine has attracted $72 billion in budget support from G7 countries and EU
Since the beginning of the full-scale Russian invasion, Ukraine has attracted about USD 72 billion in budget support. The country has received about USD 72 billion in budget support from the G7 countries and the European Union.
EIB to provide EUR 560M for projects in Ukraine this year
Ukraine will receive EUR 560 million from the European Investment Bank (EIB) in 2024 for projects in energy, transport infrastructure, housing reconstruction, as well as for projects that will support Ukraine's economic recovery and businesses.
Ukraine has reduced agricultural exports by 4% since beginning of year
In the first quarter of 2024, Ukraine exported agricultural products by 4% less than in the same period last year.
Ukraine has no freight locomotive production: MP Kysylevskyi comments on Ukrzaliznytsia-Wabtec contract
Ukraine’s transport engineering industry has been preserved, and domestic manufacturers could ensure a local content in the production of diesel freight locomotives at 55%.
Government spends $4B from budget due to lack of promised weapons from partners – Marchenko
Due to a delay in arms supplies from international partners, the Ukrainian government has already spent $4 billion to purchase weapons, resulting in adverse consequences for the budget.
Shmyhal, US Treasury Secretary discuss military aid, Russia’s assets
Ukraine is counting on the United States to unblock aid for 2024, including direct financial support, Prime Minister Denys Shmyhal has said.
Banks overcome consequences of Russian missile attacks this spring – expert’s opinion
The banking system proved to be quite prepared, having endured Russian missile attacks on Ukraine’s energy infrastructure in March-April 2024. However, some difficulties were observed in the operation of bank offices in the most affected settlements.
18 April 2024
Shmyhal, French economy minister discuss confiscation of frozen Russian assets
Ukrainian Prime Minister Denys Shmyhal met with French Minister of Economy, Finance, Industrial and Digital Sovereignty Bruno Le Maire to discuss the confiscation of frozen Russian assets.
Ukraine needs $42B in budget support this year - IMF
Ukraine needs at least $42 billion in international aid for budget support this year in the context of Russia's ongoing war.
Ukraine's PM, IMF head discuss seizure of Russian assets
Ukrainian Prime Minister Denys Shmyhal and IMF Managing Director Kristalina Georgieva have discussed the seizure of Russian assets and their use for Ukraine's needs.
Energoatom, Holtec International sign agreement to produce SMR components in Ukraine
In accordance with the document signed in the presence of Ukrainian Energy Minister German Galushchenko between Energoatom National Nuclear Energy Generating Company of Ukraine and Holtec International, Ukraine will start the production of small modular reactor (SMR) components.
17 April 2024
Zelensky to World Bank: Ukraine needs efficient financial shield
Ukraine needs an efficient financial shield in its fight against Russian aggression.
Shmyhal offers World Bank president to sign memorandum on the development of housing market
Ukrainian Prime Minister Denys Shmyhal has discussed the situation in Ukraine's energy sector with World Bank President Ajay Banga and offered to sign a memorandum on the development of the housing market.
Shmyhal, Raimondo discuss strengthening of tech sanctions against Russia
Ukrainian Prime Minister Denys Shmyhal and U.S. Secretary of Commerce Gina Raimondo have discussed the tightening of sanctions against Russia, particularly in the field of high technologies.
Shmyhal at forum in US: Ukraine should become next destination for American investments
Prime Minister Denys Shmyhal has stated that American business leaders are interested in Ukraine, and it is in Ukraine's interest to become the next destination for US investments.
PM Shmyhal meets with American business representatives in Washington
Ukrainian Prime Minister Denys Shmyhal has held a meeting with American business representatives in Washington to discuss further support and assistance to Ukraine.
Ukraine’s general government gross debt may reach 94% of GDP in 2024 – IMF
The International Monetary Fund (IMF) expects that Ukraine’s general government gross debt may rise to 94% of GDP in 2024, which is lower than the previous forecast.
Russian occupiers not conduct all necessary repairs at Zaporizhzhia NPP – Energoatom
Necessary repairs and inspections are not conducted in full at Zaporizhzhia Nuclear Power Plant (NPP) due to the lack of competence among the personnel hired by Russian occupiers.
Marchenko discusses Ukraine's needs with IMF, European Commission leadership
Ukrainian Finance Minister Sergii Marchenko, while on a working visit to Washington, has held a series of meetings with the leadership of the International Monetary Fund and the European Commission as part of the Spring Meetings of the IMF and the World Bank Group to discuss Ukraine's urgent budgetary needs.
Finance Ministry places domestic government bonds for almost UAH 6.9B
On April 16, 2024, Ukraine’s Ministry of Finance raised UAH 6.875 billion to the state budget at an auction for the placement of domestic government bonds.
Galushchenko at EU energy ministers’ meeting: Russians want to achieve Ukraine’s complete blackout
Ukrainian Energy Minister German Galushchenko has attended an informal meeting of the EU energy ministers, dedicated to the development of energy infrastructure.
16 April 2024
Shmyhal at briefing with Pritzker: Ukraine creating most favorable investment climate
Ukraine is creating the most favorable investment climate to encourage potential investors.
Shmyhal meets with American business representatives in US to discuss investments
Prime Minister of Ukraine Denys Shmyhal met with American business representatives in the United States.
Shmyhal arrives in U.S. for IMF-World Bank meetings
Ukrainian Prime Minister Denys Shmyhal has arrived in the United States for the Spring Meetings of the International Monetary Fund and the World Bank.
IMF expects Ukraine’s economic growth of 3.2% in 2024
The International Monetary Fund (IMF) expects that Ukraine’s economy will show a rise of 3.2% in 2024 and 6.5% in 2025.
Ukrainian Finance Ministry delegation arrives in Washington for IMF-World Bank meetings
A delegation from the Ukrainian Finance Ministry has started a working visit to IMF and World Bank Spring Meetings in Washington.
U.S. provides about $23B in budget support to Ukraine since Russian invasion
The United States has provided about $23 billion in budget support to Ukraine since the beginning of the full-scale Russian invasion.
Made in Ukraine: Economy ministry, Mastercard sign memorandum of cooperation
The Ukrainian Economy Ministry and the global technology company, Mastercard, have signed a Memorandum of Cooperation related to the implementation of the ‘Made in Ukraine’ policy.