Ukrainian manufacturers to get UAH 348M in grants for development
The next phase of the "Made in Ukraine" grant program for processing enterprises has selected its winners, with 75 companies receiving a total of UAH 348.1 million in funding.
Economy
11 December 2024
Shmyhal names seven promising areas for cooperation between Ukraine and EU
European countries can gain strategic benefits in key sectors, including energy and defense, from cooperation with Ukraine.
Ukraine, Poland agree on procedure for returning seized funds
Ukraine and Poland have agreed on practical mechanisms for enforcing court decisions in both countries to facilitate the return of unlawfully withdrawn and seized funds to Ukraine.
Scholz calls on German businesses to invest more in Ukraine
Germany firmly supports Ukraine not only through military assistance but also through economic aid. However, private investment is essential to complement state efforts.
7th German-Ukrainian Business Forum kicks off in Berlin
The VII German-Ukrainian Business Forum with the participation of the heads of government of both countries has started in Berlin.
Relocated businesses pay UAH 9.2M in taxes in Kirovohrad region over nine months
In January-September 2024, relocated businesses transferred UAH 9.2 million worth of tax payments to various-level budgets in the Kirovohrad region.
U.S. considering tougher sanctions on Russian energy resources – Bloomberg
The administration of U.S. President Joe Biden is exploring the possibility of significantly stricter sanctions on Russian oil before Donald Trump’s inauguration.
State budget to receive additional UAH 5.2B from agricultural sector next year – minister
The state budget will receive an additional UAH 5.2 billion from the agricultural sector in 2025.
Ukraine, Estonia to develop digital partnership
Ukrainian Deputy Prime Minister for Innovation, Education, Science and Technology Development - Digital Transformation Minister Mykhailo Fedorov and Estonian Prime Minister Kristen Michal have discussed further cooperation in developing a digital state.
10 December 2024
Ukrainian envoy: Developments on diamond market go against Russia’s interests
Opening a diamond certification center in cooperation with the Group of Seven (G7) by Botswana in 2025 and the general developments on the diamond market do not serve the interests of Russia.
Ukraine to receive $454M from World Bank for healthcare development - PM
The World Bank will provide Ukraine with $454 million as part of the THRIVE project, aimed at assisting in reforming the nation’s healthcare system.
Naftogaz Group produces more than 13.5 bcm of gas over 11 months
In January-November 2024, Naftogaz Group’s companies produced more than 13.5 billion cubic meters of natural gas.
Russia keeps purchasing U.S. microchips for arms production despite sanctions - media
Moscow is actively using American electronics to manufacture weapons and devices for waging war against Ukraine.
Ukraine’s steel production exceeds 7M tonnes since early 2024 – Ukrmetalurgprom
In January-November 2024, Ukrainian metallurgical enterprises produced 7.03 million tonnes of steel, which is 23.1% higher compared to the same period last year.
09 December 2024
Galushchenko, Merz visit energy facility destroyed by Russian strikes
Ukrainian Energy Minister German Galushchenko and Friedrich Merz, the leader of Germany’s CDU/CSU bloc, visited one of the Ukrainian energy facilities destroyed by Russian shelling.
Romania's largest energy company targeted in cyberattack
Electrica, the largest electricity supplier in Romania, which operates in 18 counties, was notified of a cyberattack on Monday, December 9.
Decarbonization Fund expects to generate about UAH 1.75B in 2025
In 2025, Decarbonization Fund JSC is expected to generate UAH 1.75 billion in revenues from the carbon tax.
Decarbonization Fund provides support for over 30 projects – State Agency on Energy Efficiency
Decarbonization Fund JSC has provided support for more than 30 projects since it was launched to increase energy efficiency in communities and enterprises.
Ukraine to receive EUR 4.2B under Ukraine Facility in Dec – Shmyhal
The EU Council has approved an additional payment of EUR 4.2 billion to Ukraine under the Ukraine Facility initiative, set to arrive this month.
Estonia sends over 140 transformers, 300 units of energy equipment to Ukraine - Shmyhal
Through the EU Civil Protection Mechanism, Estonia has provided Ukraine with over 140 transformers and over 300 pieces of energy equipment.
08 December 2024
Power outage schedules to be in place from 8:00 to 19:00 on Monday – Ukrenergo
Hourly electricity restrictions for residential consumers are scheduled for Monday, December 9, from 8:00 to 19:00, with outages affecting one group at a time.
Ukraine to import electricity from five countries on Sunday
Last day, the energy sector restored electricity supply to 4,747 consumers who had been in blackout as a result of hostilities. Imports from five countries are scheduled for Sunday.
NBU allocates over UAH 57.3M for defense needs in November
Since the beginning of the full-scale war, nearly UAH 37.9 billion has been transferred from the special account opened by the National Bank of Ukraine (NBU) for defense needs. In November 2024, over UAH 57.3 million was allocated.
07 December 2024
Power outage schedules to be in place on Sunday from 14:00 to 18:00 – Ukrenergo
Hourly power outages for residential consumers are scheduled for Sunday, December 8, from 14:00 to 18:00, with one group of consumers affected at a time.
Fitch affirms Ukraine's rating at Restricted Default
The international rating agency Fitch Ratings has affirmed Ukraine's long-term foreign currency issuer default rating (IDR) at Restricted Default (RD).
Russia’s attacks on Ukrainian infrastructure disrupt food supplies, destroy healthcare system, environment – Global Rights Compliance (GRC)
The international human rights organization Global Rights Compliance (GRC) emphasized that since the full-scale invasion of Ukraine, Russia has been targeting critical infrastructure, causing serious consequences. Due to Russian attacks on Ukraine’s energy system, healthcare workers are forced to operate in darkness, food supply chains are disrupted, and the environment is suffering.
Grid operator reports on schedule of power outages for Saturday
On Saturday, December 7, hourly power shutdown schedules for household consumers will be in effect from 09:00, and capacity restrictions for businesses were introduced from 08:00.
Agricultural trade turnover between Ukraine and South Korea reaches $200M a year
Ukraine exports corn, wheat, and sunflower oil to the Republic of Korea. The trade turnover between the two countries in the agricultural sector is currently only $200 million a year.
06 December 2024
PM of Ukraine, Secretary General of Council of Europe discuss compensation for damages caused by Russia to Ukraine
Prime Minister of Ukraine Denys Shmyhal and Secretary General of the Council of Europe Alain Berset discussed compensation for the damage caused by Russia to Ukraine.