Oleh Huliak appointed Ukroboronprom CEO
Oleh Huliak has become a chief executive officer at Ukraine’s defense industry giant, Ukroboronprom.
Economy
- 21.10.2024 12:23
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Exclusive
The development of transport services between Ukraine and Hungary is beneficial to both countries.
20 October 2024
IAEA to resume missions at Ukrainian NPPs’ substations from Monday
This week, from October 21 to 27, the International Atomic Energy Agency will continue its missions at high-voltage substations critical for nuclear safety.
Russia-Ukraine war to continue throughout coming year – IMF
The International Monetary Fund (IMF) has updated its forecast regarding the duration of Russia's war in Ukraine, now estimating that the conflict will continue at least until the end of 2025.
Allocation of IMF tranche recognition of Ukraine’s economic stability - NBU
The decision of the International Monetary Fund to allocate for Ukraine another tranche under the Extended Fund Facility is a recognition of the stability of the country's economy and an important signal to partners.
Ukraine, Italy explore potential defense cooperation areas
The team from the Ministry of Strategy and Industry discussed with the Italian Ambassador to Ukraine, Carlo Formosa and Military Attache Igor Torti the issue of cooperation in the field of defense industry.
Ukraine completes 28 structural benchmarks under EFF - finance ministry
Within the framework of the Extended Fund Facility for Ukraine (EFF) from the International Monetary Fund, Ukraine has already completed 28 structural benchmarks.
19 October 2024
At meeting of G7 defense ministers, Umerov calls for investment in Ukrainian defense industry
During the G7 meeting of defense ministers in Naples, Defense Minister Rustem Umerov invited partners to invest in the Ukrainian defense industry.
Ukraine’s GDP up by 4.5% over nine months – economy ministry
In January-September 2024, Ukraine’s gross domestic product (GDP) increased by 4.5% compared to the same period last year.
Ukraine already harvests 60.8M tonnes of grain, oilseed crops
As of October 18, 2024, a total of 60.8 million tonnes of the new-harvest crops were gathered across Ukraine, including 22.3 million tonnes of wheat.
18 October 2024
IMF allocates another $1.1B tranche for Ukraine
The International Monetary Fund approved the allocation of another tranche to Ukraine, worth $1.1 billion, within the framework of the Extended Fund Facility (EFF).
Over 740 customs investigations conducted by Finland into possible violations of sanctions against Russia – Shmyhal
Finland has carried out more than 740 customs investigations into the possible violations of sanctions restrictions imposed on the Russian Federation.
Poltava region’s farmers obtain development loans worth more than UAH 3.4B
In the Poltava region, a total of 507 farmers have been provided development loans worth more than UAH 3.4 billion.
Ukraine's partners provide additional USD 70M to support demining
During the Ukraine Mine Action Conference-2024 (UMAC-2024), partner countries announced additional commitments to support humanitarian demining in the amount of almost USD 70 million.
Some 115,000 t of sugar produced in Vinnytsia region
The Vinnytsia region’s sugar refineries have already produced 115,000 tonnes of sugar.
Maintaining gas transit via Ukraine: What solutions Europe is looking for
For some EU countries, maintaining gas transit through Ukraine’s territory is a matter of keeping up the prices of energy resources
Russia’s assets should remain immobilised until Russia ceases its war, compensates Ukraine for damage caused – European Council
The European Union leaders have supported a EUR 35 billion loan to Ukraine as part of the G7 initiative to provide Ukraine with a USD 50 billion loan using proceeds from frozen Russian assets. At the same time, Russian assets will remain blocked until Russia ends the war.
World Bank forecasts Ukraine's GDP to grow by 3.2% this year
The World Bank (WB) expects the Ukrainian economy will grow by 3.2% this year and by 6.5% in 2025.
President signs law on customs service reboot
President of Ukraine Volodymyr Zelensky has signed the draft bill ‘On Amendments to the Customs Code Regarding the Introduction of the Appraisal of Customs Officials’.
17 October 2024
IAEA visits to Ukrainian NPP substations: Galushchenko comments on talks with Grossi
Energy Minister German Galushchenko has said that a new round of visits by the International Atomic Energy Agency (IAEA) mission to Ukrainian NPP substations will begin next week to check the current situation there. He discussed this issue in detail at a meeting with IAEA Director General Rafael Grossi in Paris.
Economic component of Victory Plan aimed at protecting Ukraine's and EU's interests – Zelensky
An important part of Ukraine's Victory Plan is its economic component, which aims to protect the economic interests of both Ukraine and the European Union which Ukraine seeks to join.
Ternopil region produces more than 109,000 t of sugar
This season sugar refineries in the Ternopil region have already produced more than 109,000 tonnes of sugar.
Almost $300M from Canada already transferred to Ukraine’s budget – PM Shmyhal
Almost $300 million, which Canada allocated for Ukraine, have already arrived on treasury accounts.
Russia to lose $6.5B annually after EU abandons Russian gas – expert’s opinion
The European Union’s readiness to live without Russian gas and suspend its supply towards the EU are very beneficial to Ukraine, as the aggressor state will lose USD 6.5 billion annually in budget revenues in this case.
Ukraine working with partners to increase electricity imports ahead of winter – MP
Ukraine is working with the European partners to increase electricity imports during the winter period.
Improvement on global steel market expected not sooner than in H2 2025 – expert’s opinion
The global decline in the demand for steel is the biggest problem of Ukraine’s metallurgical industry. The revival of steel consumption in Europe is expected not sooner than in the second half of 2025.
16 October 2024
Nordic-Baltic Eight countries sign ‘winter aid package’ worth EUR 44M for Ukraine
The foreign ministers of the Nordic-Baltic Eight (NB8) countries have signed a EUR 44 million aid package for Ukraine. The funds will be used to purchase generators and solar panels.
Naftogaz Group transfers about UAH 67B in tax payments since early 2024
In January-September 2024, Naftogaz Group transferred about UAH 67 billion in tax payments to Ukraine’s state and local budgets.
Gas reserves in Ukrainian underground storage facilities reach 12.8 bcm - ExPro
As of October 15, natural gas reserves in Ukraine's underground storage facilities exceeded 12.8 billion cubic meters (bcm).
State-owned banks ready to provide lending for communities to install generation – energy ministry
Ukrainian state-owned banks are ready to provide lending for local communities planning to install power generation facilities.