Economy

EU Council approves EUR 3.5B in aid for Ukraine – Shmyhal

The Council of the European Union has approved the allocation of EUR 3.5 billion to Ukraine under the Ukraine Facility program.

Finance Ministry denies tax increases for sole proprietors

The Ministry of Finance of Ukraine has denied false information regarding plans to increase taxes for sole proprietors.

Power supply restrictions for industry, business on Mon

In Ukraine, a restriction on electricity capacity for industry and business is scheduled for March 17.

Russian attacks on Ukraine’s gas production infrastructure: the aftermath and forecasts

Tax Service reveals amount of military tax revenues since start of year

Ukrainian taxpayers transferred a total of UAH 51.2 billion in military tax to the budget in 2024. In just the first two months of 2025, they have already paid UAH 22.1 billion.

Fund managers fail to submit 13.5% of budget programs on time - Hetmantsev

Out of 453 budget programs, 13.5% were not submitted by fund managers to the Ministry of Finance for approval within the established deadline. Additionally, 27% of the submitted programs were rejected due to not meeting the required standards.

PM Shmyhal meets Austrian FM to discuss economy, EU integration

Ukrainian Prime Minister Denys Shmyhal held a productive meeting with Austrian Federal Minister for European and International Affairs Beate Meinl-Reisinger to discuss economic cooperation and Ukraine's path toward European integration.

Ukraine needs to import 2.5 bcm of gas to prepare for winter – expert

To prepare for the heating season, Ukraine will need to import 2.5-3 billion cubic meters of natural gas if gas production resumes.

Naftogaz chief: Situation difficult but controlled after 17 Russian combined attacks

Russian attacks have severely damaged the production facilities of Naftogaz Group, but specialists are doing everything possible to ensure the gas supply to consumers.

Prominvestbank's money seized in U.S. to be returned to Ukraine

The Deposit Guarantee Fund has proven in the U.S. Court of Appeals that over EUR 36.6 million and over $2 million, seized in the accounts of PJSC Prominvestbank, belong to Ukraine.

Naftogaz Group pays UAH 5.8B in taxes in February

In February 2025, Naftogaz Group transferred UAH 5.8 billion in taxes to the state and local budgets, which is 9.4% more compared to February 2024.

About 20% of cargo in Ukraine inspected by private phytosanitary laboratories - Tkachuk

Twenty-one state and five private phytosanitary laboratories currently operate in Ukraine to inspect agricultural enterprises.

U.S. toughens sanctions on Russia's oil, gas, banking sectors – media

The Trump administration is imposing tougher restrictions on Russia's oil, gas, and banking sectors by further limiting Russia's access to American payment systems.

Hetmantsev talks about money for budget: Possibilities of domestic borrowing are not yet exhausted

The possibilities of raising money to the budget through domestic government bonds have not been exhausted, with funds from time deposits and local community resources among the reserves.

Ukraine receives USD 1.7B through G7 initiative – PM Shmyhal

Ukraine has received 2.5 billion Canadian dollars (about USD 1.7 billion) as part of the G7 ERA initiative.

Ukraine sends 3,850 more tonnes of wheat flour to Syria

Ukraine has sent 3,850 tonnes of flour to Syria as part of the “Grain from Ukraine” humanitarian food programme.

Ukraine planning to enter 31 new export markets

The State Service of Ukraine on Food Safety and Consumer Protection is committed to expanding market opportunities and has already started work on 31 new markets to which Ukrainian companies want to export.

USAID terminates agreement with Ukraine Energy Support Fund

The U.S. Agency for International Development (USAID) has notified the Energy Community Secretariat about the termination of its grant agreement with the Ukraine Energy Support Fund, amounting to USD 75 million.

Denmark allocates EUR 98M for energy equipment for Ukraine

As part of the Ukraine-Denmark Energy Partnership Program, Denmark has allocated EUR 98 million for the purchase of equipment to strengthen Ukraine's energy security.

Burak Pehlivan, President of the Turkish-Ukrainian Business Association (TUID)

Turkish business community maintains the level of investment in Ukraine for five years in a row despite the war ongoing

Thirteen large wind turbines commissioned in Ukraine last year

In 2024, 13 large wind turbines with a total capacity of 27 MW were commissioned in Ukraine.

Renewable energy sources should become basis of generation in Ukraine - expert

As Ukraine moves towards European integration, the country should gradually transition away from coal and eventually from gas as well. Renewable energy sources should become the primary source of electricity production, and it is also advisable to maintain current nuclear generation.

Communities exploring prospects for developing distributed generation after USAID projects cut - expert

After the termination of support programs from USAID, communities are looking for other opportunities to develop distributed generation, including attracting private investors to solar generation projects.

Electricity consumption rises in Ukraine – Ukrenergo

Due to cloudy weather, as of the morning of March 11, electricity consumption in Ukraine is 4.1% higher than the previous day.

Iceland donates over EUR 2B to Ukraine Energy Support Fund

The Government of Iceland contributed over EUR 2 million to the Ukraine Energy Support Fund.

Turkey among countries that make largest contribution to Ukraine's energy security - expert

Turkey is among the countries that make the largest contribution to Ukraine's energy security, with current investments in the country’s energy sector amounting to approximately $600 million.

Turkish businesses open most companies in Ukraine last year – TUİD head

Turkish businesses opened the most companies in Ukraine last year. Despite the negative consequences of the war, difficult conditions, and challenges, Turkey and Turkish businesses continue to demonstrate a strong interest in doing business in Ukraine.

Ukraine becomes world's biggest arms importer – SIPRI

Ukraine became the world's largest importer of major arms during the 2020-2024 period, with its imports increasing nearly 100 times compared with 2015-2019, while Russian exports fell by 64%.

Turkish businesses waiting for Ukraine's FTA ratification – TUID

Negotiations on the Free Trade Agreement (FTA) between Turkey and Ukraine began in 2007. The agreement was signed by the presidents three weeks before Russia's full-scale invasion of Ukraine and is now at its final stage.