Banks issue UAH 1.9B in affordable loans last week – Finance Ministry
Last week authorized banks issued 454 soft loans worth UAH 1.9 billion under the program Affordable Loans 5-7-9% in Ukraine.
Economy
ECB keeps up pressure on banks to cut ties with Russia
The European Central Bank (ECB) continues to put pressure on banks to loosen ties with Russia. However, the institution understands that it is not easy for banks to get approval from local authorities in Russia to go out of business.
30 October 2023
Government's task to ensure all seized Russian assets work toward rebuilding Ukraine - PM Shmyhal
Prime Minister Denys Shmyhal of Ukraine held a working meeting on the confiscation of frozen Russian assets, noting that Ukraine has sealed the support of a number of partners who are preparing relevant decisions on seizure on their soil.
Marhanets Mining and Processing Plant suspends operations amid shelling, water shortage
In October, the Marhanets MPP suspended mining and processing of raw manganese ore. The employees have been put on idle, and only some units are engaged in repair work.
Two vessels heading to Odesa region ports via temporary corridor
On Monday, October 30, 2023, two vessels will use the temporary Black Sea corridor to enter Ukrainian seaports.
Galushchenko presents nuclear and radiation safety plan in Malta
During a meeting of national security and foreign policy advisers in Malta, Minister of Energy of Ukraine German Galushchenko presented a nuclear and radiation safety plan which is a component of the Peace Formula and provides for the restoration of Ukraine’s control over the Zaporizhzhia NPP.
29 October 2023
Ukraine has already exported more than 8.7M tonnes of grain, legumes
In the 2023/2024 marketing year (from July 1 to October 27, 2023), Ukraine exported 8.721 million tonnes of grain and legumes.
Naftogaz CEO comments on progress in corporate governance reform
Naftogaz is actively pursuing the corporate governance reform and its Supervisory Board will see new members selected in the near future.
28 October 2023
Finland preparing new aid package for Ukraine to protect critical infrastructure – Klymenko
Finland is preparing a new aid package for Ukraine to protect critical infrastructure facilities.
Kubrakov, Janczak discuss Ukraine’s decentralization reform
The team of the Ukrainian Communities, Territories and Infrastructure Development Ministry, headed by Deputy Prime Minister for Restoration of Ukraine and Minister for Communities, Territories and Infrastructure Development Oleksandr Kubrakov, has met with Head of the Council of Europe Office in Ukraine Maciej Janczak and discussed the completion of decentralization reform in Ukraine.
Ukraine has exported 41,000 tonnes of honey this year
In January-September 2023, Ukraine exported 41,000 tonnes of honey.
Ukraine to attract $1.2B from IBRD
Ukraine will attract $1.2 billion from the International Bank for Reconstruction and Development, a member of the World Bank Group, to support the social sphere.
Ukraine already exported over 8.7M t of grain and leguminous crops
In the 2023/2024 marketing year (from July 1 to October 27, 2023), Ukraine exported 8.721 million tonnes of grain and leguminous crops, according to the Ministry of Agrarian Policy and Food of Ukraine.
Ukraine can meet 20% of EU's demand for biomethane - agrarian ministry
Ukraine has the potential to meet up to 20% of the European Union's demand for biomethane production.
Ukrainian farmers harvest 63.2M t of grains, oilseeds
As of October 27, 2023, Ukrainian farmers harvested 63.2 million tonnes of new grain and oilseeds.
Ukraine, Poland developing plan to resolve business issues
A Ukrainian-Polish joint working group will be developing a special action plan to resolve the issues of Polish businesses participating in Ukraine’s reconstruction efforts and Ukrainian businesses operating in Poland.
27 October 2023
Shmyhal: About 30 German companies considering investments in Ukraine’s economy
About 30 German companies are considering the possibility of investing in Ukraine’s economy.
ESBU reboot: when to expect it and what will happen to Bureau afterwards
The IMF's requirement is to create a single body in Ukraine to combat economic crimes. Will the Economic Security Bureau of Ukraine be up to the task?
NBU improves its economic growth forecast for 2023
The National Bank of Ukraine (NBU) has improved its forecast for real GDP growth from 2.9% to 4.9% in 2023.
NBU governor: Ukraine to get about $45B in loans and grants this year
According to forecasts of the National Bank of Ukraine, the total amount of financial assistance in the form of loans and grants will reach about $45 billion dollars in 2023.
Ukraine, Spain to enhance cooperation in ensuring global food security
Ukraine and Spain discussed the key areas of strengthening economic cooperation between the countries, including ensuring global food security.
26 October 2023
Germany transfers more than €54 million to Energy Support Fund for Ukraine
The German Federal Ministry for Economic Affairs and Climate Protection will transfer another 54.3 million euros to the Energy Support Fund of Ukraine
Japan’s Reconstruction Agency to assist Ukraine in restoration
Japan’s Reconstruction Agency, which has many years of experience in successfully restoring large-scale damage after natural disaster, is ready to help the Agency for Restoration of Ukraine in reconstruction and in several areas of project implementation.
NBU improves inflation forecast for year end
The National Bank of Ukraine (NBU) estimates that inflation will reach 5.8% by the end of 2023.
NBU cuts key policy rate to 16%
The National Bank of Ukraine (NBU) has decided to cut its key policy rate to 16%.
NBU, EBRD discuss Ukraine’s financial sector situation
The National Bank together with the European Bank for Reconstruction and Development discussed a number of issues, including the state of the financial sector of Ukraine, the results of the latest assessment of the banking system stability and the transformation of the non-banking sector.
Ukraine, France discuss support for SMEs
Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine, and Gaël Veyssière, Ambassador Extraordinary and Plenipotentiary of France to Ukraine, have discussed war risk insurance, the involvement of French business in the reconstruction and recovery of Ukraine, cooperation with Ukrainian companies and support for small and medium-sized businesses (SMEs).
Kuwait opens its market for Ukrainian poultry
Kuwait has opened its market for Ukrainian poultry meat and other poultry products.
25 October 2023
Ukraine negotiating road ‘green corridor’ for agricultural exports with Moldova, Romania
Ukraine has started negotiations with Moldova and Romania regarding the creation of a "green corridor" between the border crossing points "Reni (Ukraine) – Giurgiuleşti (Moldova) – Galați (Romania)" to speed up the movement of goods and the export of Ukrainian agricultural products.