Finance Ministry transfers UAH 16.4B from state budget to local budgets in November
In November 2024, the Ministry of Finance made inter-budget transfers to local budgets in the amount of UAH 16.4 billion.
Economy
05 December 2024
World Bank to continue financing Ukraine's reconstruction programs in 2025
Ukraine and the World Bank plan to continue cooperation in 2025, focusing on entrepreneurship programs, mortgage programs, and support for regional development.
Ukraine, U.S. agree to renew trade agreement in early 2025
Ukraine and the United States are ready to sign a protocol to the Trade and Investment Cooperation Agreement in early January 2025.
Ukraine's international reserves reach $39.9B as of Dec 1 – NBU
Ukraine's international reserves increased by 9.1% in November and stood at USD 39.9 billion as of December 1, 2024.
Ukraine, EU sign greement on use of proceeds from frozen Russian assets
Finance Minister Serhii Marchenko signed an agreement with the EU on the establishment of the Ukraine Loan Cooperation Mechanism (ULCM), which will allow for the use of proceeds from frozen Russian assets to repay loans worth up to EUR 45 billion within the framework of the G7 Extraordinary Revenue Acceleration Loans for Ukraine (ERA) initiative.
Naftogaz Supervisory Board elects acting CEO
The Supervisory Board of NJSC Naftogaz of Ukraine has appointed CFO Roman Chumak as acting Chairman of the Board.
Ukraine needs to open agro-processing facilities - agrarian policy minister
Ukraine should pursue the active transition to a value-added economy model through the establishment of processing plants, which will enhance the value of its agricultural exports.
Govt raises almost UAH 1.4T from sale of government bonds since war began
Since the beginning of the full-scale war through November 30, 2024, the Ukrainian government has raised almost UAH 1.397 trillion in equivalent from the sale of domestic government bonds through primary auctions.
Corporate lending in Ukraine grows 22% over past year – NBU
The banks’ net hryvnia corporate loan portfolio has grown by almost 22% over the past 12 months, which is higher than the nominal growth rate of the economy.
04 December 2024
Poland must address border blockade issue - Minister Koval
Warsaw needs to resolve the ongoing problem of periodic border blockades by Polish farmers and the threat of future disruptions.
EBRD Board of Directors approves investments in Ukraine amounting to over EUR 1.3B
The EBRD Board of Directors has approved investments totaling over EUR 1.3 billion in Ukraine as part of eight projects supporting the public and private sectors.
International reserves to exceed $40B by year-end - NBU
The National Bank of Ukraine projects that Ukraine’s international reserves will exceed $40 billion before the end of 2024.
Ukraine signs loan agreement with EU for up to EUR 35B in macro-financial assistance
Ukrainian Finance Minister Sergii Marchenko, Governor of the National Bank of Ukraine Andriy Pyshnyy, and Vice-President of the European Commission Valdis Dombrovskis have signed a Memorandum of Understanding and a loan agreement with the European Union to secure up to EUR 35 billion in Macro-Financial Assistance (MFA).
Senator explains how Canada can help rebuild Ukraine
Canada's greatest contribution to rebuilding Ukraine may be about increasing military aid.
Ukrainian exports to receive more opportunities in Canada
The Ministry of Foreign Affairs of Ukraine and the Canada-Ukraine Chamber of Commerce have signed a Memorandum of Understanding to assist Ukrainian exporters.
Finance Ministry: Ukraine already performed 199 commitments under intl cooperation programs
In January-September 2024, Ukraine performed 199 out of 531 indicators to be implemented under international cooperation programs over the next 10 years.
Amendments to tax legislation should not affect fuel prices – expert
The introduction of an advance payment for each filling station should not affect fuel prices, as it is not actually a tax increase.
‘Forests of Ukraine’ plant almost 5,000 ha of new trees this year
Nearly 5,000 hectares of new trees were planted during the large-scale reforestation campaign in Ukraine from January to November 2024.
03 December 2024
EP's Foreign Affairs Committee discusses strengthening sanctions against Russia with Ukrainian MPs
Sanctions against Russia and its allies must be strengthened to cripple the Russian war machine more effectively, with expanded sanction lists and rigorous enforcement.
Sybiha, Blinken sign USD 825M assistance agreement for Ukraine's energy system
Ukraine's Minister of Foreign Affairs, Andrii Sybiha, and U.S. Secretary of State, Antony Blinken, signed a memorandum of understanding between the governments of Ukraine and the United States on cooperation to enhance the resilience of Ukraine's energy system.
Polish minister: Warsaw committed to preventing farmers from blocking Ukraine border
The Polish authorities are doing everything possible to reach an agreement with local farmers to prevent future blockades of the Polish-Ukrainian border.
Prices at filling stations now at lowest possible levels – expert
Due to high competition and market saturation, fuel prices are currently at the lowest possible levels.
‘Firewood law’ does not differentiate between household storage and illegal timber for commercial use - Bolokhovets
The draft law, No.9665, which aims to combat illegal logging and timber sales, contains clauses that allow for different interpretations. In particular, the legislation does not distinguish between the concepts of household storage of firewood and the use of illegal wood for commercial purposes.
Anti-Russian Sanctions: How to Make Them Work as Desired and Expected to Prevent Russia Making Billions to Sustain its War Effort
The measures that urgently need to be undertaken include making improving updates to the oil price cap mechanism, blocking Russia’s “shadow” fleet of oil tankers, as well as imposing restrictions on Rosatom
Ukraine exports over 18M t of grain this year
Ukraine has exported 18.380 million tonnes of grains and legumes since the beginning of 2024/2025 marketing year (MY).
Ukrenergo recorded increase in electricity consumption
On Monday, December 2, electricity consumption in Ukraine as of 6:00 a.m. is 6% higher than on November 29.
02 December 2024
This year, consolidated budget received UAH 1T 423.3B in taxes
Revenues to the consolidated budget in January-November 2024 from payments controlled by the State Tax Service of Ukraine amounted to UAH 1423.3 billion.
Ukraine's EU membership could boost EU economy – Costa
Ukraine could have a positive impact on overcoming vulnerabilities in the competitiveness of the European Union, which were discussed in a plan to stop the EU's economic decline.
01 December 2024
Power engineers restore damaged power line to Zaporizhzhia NPP
Ukrenergo repair crews have repaired damage to a high-voltage line that supplies power to the Zaporizhzhia nuclear power plant temporarily seized by Russians.