Energy Ministry expects no significant power outages across Ukraine in coming days
The Ministry of Energy believes no major power shutdowns should be expected in Ukraine in the coming days.
Economy
10 August 2024
Last day, emergency power supply from Poland was used - MoE
In Ukraine, as of the morning of 10 August, 491 settlements remain without electricity due to hostilities and technical violations, and power companies have restored electricity supply to 4,713 more consumers.
Anti-graft bodies strengthen cooperation in asset recovery
A joint order signed by the Asset Recovery and Management Agency (ARMA) and National Corruption Prevention Agency (NACP) No. 267/198/24 has entered into force, laying down the procedure for cooperation between the two forces in locating illicitly obtained assets abroad.
Ministry of Social Policy drafting bill introducing basic social assistance
The Ministry of Social Policy is finalizing work on a draft law proposing to introduce basic social assistance to replace the subsistence minimum.
Public debt restructuring: Ukraine announced exchange offer for Eurobonds
On August 9, 2024, Ukraine announced an exchange offer and consent solicitation regarding for its existing sovereign Eurobonds and Ukravtodor guaranteed Eurobonds.
Ukraine already harvests over 30.6M tonnes of grain, oilseed crops
As of August 9, 2024, more than 30.6 million tonnes of the new-harvest crops were gathered across Ukraine.
09 August 2024
U.S. ambassador: 2,290 ships departed Ukraine’s Black Sea ports over one year
In just one year, 2,290 vessels left Ukraine’s Black Sea ports carrying 63 million tonnes of cargo.
Ukraine saves UAH 3.3B on purchase of drones – ministry
Due to the cooperation of the Ministry of Digital Transformation, the National Anti-Corruption Bureau of Ukraine (NABU) and the Specialized Anti-Corruption Prosecutor's Office (SAPO), more than UAH 3.3 billion of public funds were saved on the purchase of unmanned aerial vehicles.
Gas transit via Ukraine proceeds with no interruptions - operator
Despite the developments near Sudzha in Russia’s Kursk region, gas transit to European customers proceeds as usual.
Ukraine’s gas transmission system passes two independent stress tests - operator
The Ukrainian gas transmission system successfully passed independent stress tests in 2023 and 2024, where a transit halt was simulated.
Taras Kachka, Ukraine’s Trade Envoy to the EU
Our export-import trade situation has stabilized, logistics has been set up in place
No power outages expected on Friday - Ukrenergo
No power outage schedules are expected to be applied in Ukraine on Friday, August 9.
Ukroboronprom listed among Top 50 defense companies in the world
In 2023, Ukrainian Defense Industry JSC (Ukroboronprom) generated 72% more in revenues from product sales compared to 2022, which made the company a growth leader among the global arms manufacturers.
Finance ministry presents its vision of customs reform to G7 Ambassadors
Ukrainian Finance Minister Sergii Marchenko and Finance Deputy Minister for European Integration Yurii Draganchuk have presented their vision and plans regarding the further implementation of customs reform to the Ambassadors and representatives of the missions of the G7 countries in Ukraine.
08 August 2024
Galushchenko, U.S. Congress delegation discuss protection of energy facilities in Ukraine
Ukraine’s Minister of Energy German Galushchenko met with a delegation of the U.S. Congress to discuss preparations for the heating season and the protection of energy facilities in Ukraine.
Finance Ministry attracts over $93B in budget support from int’l partners since invasion
The Ministry of Finance of Ukraine has attracted more than $93 billion in budget support from international partners since February 2022 when Russia went for a full-scale incursion into Ukraine.
Ukraine, Mauritius to work on investment protection and double taxation agreements
Ukraine and Mauritius have agreed to start working on bilateral agreements to protect investments and avoid double taxation.
ARMA announces competition for bulk carrier’s manager
The Ukrainian Asset Recovery and Management Agency (ARMA) is looking for a manager to administer the seized bulk carrier, EMMAKRIS III, which is staying at the Port of Chornomorsk.
Ukrainian tech startups attract EUR 2M in investments from Seeds of Bravery
Fifty-nine Ukrainian tech companies will receive grants worth EUR 2 million from Seeds of Bravery.
07 August 2024
Ukrainian Energy Ministry, Brazilian parliament representatives discuss energy cooperation
Deputy Energy Ministers of Ukraine Svitlana Hrynchuk and Roman Andarak and representatives of the Chamber of Deputies of the National Congress of Brazil discussed prospects for the development of energy cooperation, with a particular focus on renewable energy sources.
Ukraine’s economy is overcoming the war’s challenges
Why is this important not only for Ukraine? What to expect next?
No rolling blackouts scheduled in Ukraine for Wednesday
On August 7, no power outages are expected in Ukraine.
Ukraine’s international reserves amount to $37.2B as of Aug 1
As of August 1, 2024, Ukraine’s international reserves came to $37.23 billion, having decreased by 1.8% in July 2024.
Ukraine’s export of processed products grows faster than supply of raw materials – Kachka
Ukraine’s export of value-added products is increasing at a much faster pace than the supply of raw commodities abroad.
06 August 2024
Ukraine will need EUR 12-13B to ensure resilience of energy system - Kudrytskyi
Ukraine must build more than 12 gigawatts of capacity in the coming years in order to have an energy system resistant to possible attacks, with EUR 12-13 billion needed for this.
Europe and Asia: which countries Ukraine plans to conclude and update FTAs with this year
Ukraine is preparing to approve and update several free trade agreements (FTAs) with several European and Asian countries in the near future.
EU Council approves EUR 4.2B tranche for Ukraine
On August 6, the EU Council approved a tranche of nearly EUR 4.2 billion for Ukraine under the Ukraine Facility program.
More than 20,000 consumers in three oblasts cut off power supply due to shelling - MoE
More than 20,000 subscribers in Donetsk, Kherson and Sumy regions have lost power as a result of hostile shelling.
Ukrainian seaports handle 45.8M tonnes of cargo since year-start
In January-July 2024, cargo turnover at Ukrainian seaports reached 59.9 million tonnes, almost as much as in the entire year of 2023.