PM Shmyhal explains why IMF giving Ukraine nearly $700M
After the Government of Ukraine and the International Monetary Fund’s team reached a staff-level agreement, the first revision of the Stand-By Arrangement is set to start.
Economy
Zelensky signs amendments to 2021 budget, raising defense, social expenditures
President Volodymyr Zelensky has signed the law amending the country’s State Budget 2021, passed by the Verkhovna Rada on October 8.
IMF, Ukraine reach staff-level agreement on $700M loan
The International Monetary Fund and the Government of Ukraine have reached a staff-level agreement on the first review of the Stand-By Arrangement and allocating a nearly $700 million tranche for Ukraine.
18 October 2021
Naftogaz applies for participation in Nord Stream 2 certification
NJSC Naftogaz of Ukraine has submitted an application to the German regulator for participation in the certification of the Nord Stream 2 gas pipeline.
German supermarket chain Lidl preparing to enter Ukraine
Germany's supermarket chain Lidl, owned by the largest European retailer Schwarz Group, is preparing to start operations in Ukraine, Ukrinform reports, citing the Lebensmittelzeitung news site.
Ukraine’s GDP grew by 2.9% in Jan-Aug 2021 – Economy Ministry
Ukraine’s gross domestic product (GDP) grew by 2.9% in January-August 2021, according to data provided by the Ministry of Economy.
Fitch upgrades Ukreximbank’s viability rating
The international credit rating agency Fitch Ratings has upgraded JSC State Export-Import Bank of Ukraine's (Ukreximbank) Viability Rating (VR) and affirmed the bank's Long-Term Issuer Default Ratings (IDRs).
Court acquits ex-Infrastructure Minister Omelyan
Ukraine's High Anti-Corruption Court has acquitted former Infrastructure Minister Volodymyr Omelyan in the case of a reduction in port dues.
Ukraine’s coal stocks decreased by almost 6% over past week
As of October 18, there were 752,900 tonnes of coal stocks in the warehouses of Ukrainian thermal power plants (TPPs) and combined heat and power plants (CHPPs), which is 5.9% less compared to October 11, according to data provided by the Ministry of Energy.
Court acquits ex-Infrastructure Minister Omelyan
Ukraine's High Anti-Corruption Court has acquitted former Infrastructure Minister Volodymyr Omelyan in the case of a reduction in port dues.
NBU provides UAH 50M in refinancing to one bank
The National Bank of Ukraine (NBU) provided UAH 50 million in refinancing to one bank, Ukrinform reports, referring to the central bank’s press service.
NBU purchased $119.6M on interbank foreign exchange market last week
The National Bank of Ukraine (NBU) purchased $119.6 million on the interbank foreign exchange market last week, Ukrinform reports, referring to data provided by the central bank.
16 October 2021
Ukraine has huge potential for biogas production – Naftogaz CEO
Ukraine has a huge potential for large-scale biogas production so that to ensure its energy independence, CEO of NJSC Naftogaz of Ukraine Yuriy Vitrenko has said.
15 October 2021
Gazprom reduced gas transit through Ukraine three times this year - GTSOU
Russia's gas monopoly Gazprom reduced natural gas transit through the Ukrainian gas transmission system three times this year, according to Sergiy Makogon, CEO of the Gas Transmission System Operator of Ukraine (GTSOU).
G7 ambassadors, NBU governor discuss fulfillment of IMF program commitments
The ambassadors of the G7 countries and the governor of the National Bank of Ukraine, Kyrylo Shevchenko, have discussed the fulfillment of IMF program commitments and plans to continue the reform of the banking sector, according to the Twitter account of the UK Presidency of the G7 Ambassadors' Support Group in Kyiv.
14 October 2021
Ukraine may receive next IMF tranche by year-end
Ukraine may receive the next IMF tranche worth about $1.4 billion in October-December.
Shmyhal invites Swedish companies to implement joint projects in Ukraine
Prime Minister of Ukraine Denys Shmyhal invited Swedish companies to implement joint projects in Ukraine.
13 October 2021
NBU Board meets with G7 ambassadors
The Board of the National Bank of Ukraine (NBU) has met with G7 Ambassadors and the EU Delegation to Ukraine, according to the central bank's press service.
Almost 73,500 ha of agricultural land sold in Ukraine since market opened
As of October 13, Ukraine registered 29,493 agreements on the purchase and sale of agricultural land, Ukrinform reports.
Seven major accidents: Russia's GTS in poor condition
The ground infrastructure of Russia’s gas transmission system is in poor condition.
G7 Ambassadors, IMF mission chief discuss Ukraine’s progress in SBA
G7 Ambassadors discussed Ukraine’s progress in its IMF program with IMF mission chief to Ukraine Ivanna Vladkova Hollar.
Over UAH 4.6B already invested in Ukraine’s GTS in 2021 as part of modernization
The allegations claiming the Ukrainian gas transmission system is not being repaired or maintained are completely false as EUR 1.5 billion worth of investment in technology upgrades has been laid down for a 10-year period.
Finance Ministry places government bonds for UAH 514M
The Ministry of Finance raised UAH 514 million to the state budget at an auction for the placement of domestic government bonds, according to the ministry's press service.
Energy Ministry not planning to resume imports from Russia and Belarus
The Ukrainian Ministry of Energy is not considering the issue of commercial imports from Russia and Belarus for the heating season.
12 October 2021
PM Shmyhal thanks EU for 600 mln in aid
Prime Minister of Ukraine Denys Shmyhal thanked the European Union for allocating the second tranche of macro-financial assistance totaling EUR 600 million.
EU Gas Directive fully applies to Nord Stream 2 – European Commission president
The EU Gas Directive, which establishes European gas market rules for all pipelines entering the EU from third countries, including in matters of de-monopolization and third party access to their operation, fully applies to the Nord Stream 2 gas pipeline.
Ukraine has received over EUR 17 B in loans and grants from EU since 2014
The European Union has reaffirmed its support for Ukraine with a clear link to the effective implementation of reforms and policies.
EU supports gas transit through Ukraine after 2024
The European Union has reiterated its support to continue gas transit via Ukraine after 2024.
Ukraine needs some UAH 300B for energy modernization program - Zelensky
Ukraine has developed a detailed program of energy modernization, requiring about UAH 300 billion (US$9.82 billion) for its implementation.