Ukrnafta begins to drill new oil well in western Ukraine
Ukrnafta PJSC has started to drill a new exploratory oil well in western Ukraine.
Economy
05 July 2024
Ukraine can produce up to 10 bcm of biogas from waste annually – Vysotskyi
Potentially, Ukraine can produce up to 10 billion cubic meters of biogas per annum, but this would require multibillion investments.
Ukraine, EU need to look for new agricultural cooperation model – Vysotskyi
One of the key tasks during negotiations on Ukraine’s accession to the European Union is to agree on a compromise model of interaction that will combine the benefits of Ukrainian and European agricultural sectors.
Ukraine's international reserves reach $37.9B as of July 1
Ukraine's international reserves decreased by 2.9% in June and reached USD 37.894 billion as of July 1, 2024.
Eighteen cogeneration plants from USAID ESP already connected across Ukraine
Eighteen out of 91 cogeneration plants, which were transferred to Ukrainian communities by the USAID Energy Security Project (ESP), have already been connected.
First episodes of animal removal from Askania Nova reserve resulted in UAH 60 million in damages
Four criminal proceedings have been registered over the illegal export of animals from the Askania Nova Biosphere Reserve, with the first episodes causing more than UAH 60 million in damages.
Galushchenko, Coleman discuss strengthening resilience of Ukraine’s energy system
Ukrainian Energy Minister German Galushchenko and United States Agency for International Development (USAID) Deputy Administrator Isobel Coleman have discussed strengthening the resilience of Ukraine’s energy system amid Russian attacks.
04 July 2024
Minister Galushchenko holds meeting with U.S. Secretary of Energy
As part of his working visit to the United States, Ukrainian Energy Minister German Galushchenko met with United States Secretary of Energy Jennifer Granholm.
03 July 2024
Zelensky: We do not want to extend gas contract with Russia so that it does not make money here
The Ukrainian side does not want to extend the gas contract with the Russian Federation because it does not want it to make money here.
Zhytomyr region’s entrepreneurs obtain over UAH 9B under Affordable Loans program
Small and medium-sized enterprises in the Zhytomyr region have obtained more than UAH 9 billion in loan funds since the government program ‘Affordable Loans at 5-7-9%’ was launched.
Finance Ministry places domestic government bonds for more than UAH 9.4B
On July 2, 2024, Ukraine’s Ministry of Finance raised UAH 9.409 billion to the state budget at an auction for the placement of domestic government bonds.
Naftogaz Group increases gas production volumes by 8% in H1 2024
In January-June 2024, Naftogaz Group increased gas production volumes by 8% compared to the same period last year.
02 July 2024
Zelensky: We fully choose volume of electricity imports agreed with EU
President Volodymyr Zelensky said that Ukraine fully chooses the volume of electricity imports agreed with the EU.
Transit of products across Hungarian border increased by 30% over year - OP
Transit of Ukrainian products across the Hungarian border increased by 30% over the year.
Zelensky: We are doing everything to increase electricity imports, and this should be a European solution
Ukraine is doing everything possible to increase electricity imports, and this should be a European solution.
Yulia Svyrydenko, First Vice Premier, Minister of Economy
Buy Ukrainian policy is meant to create thousands of new jobs and provide a supportive boost to the economy
EU reinstates duties on eggs and sugar from Ukraine
On July 2, the European Union reintroduced tariff quotas from the Deep and Comprehensive Free Trade Area (DCFTA) on imports of eggs and sugar from Ukraine.
Ukraine’s state budget receives $20.2B in financing in H1 2024
In January-June 2024, Ukraine’s state budget received USD 20.2 billion in financing, namely USD 13.8 billion in external financing and USD 6.4 billion from domestic government bonds.
World Bank appoints new country director for Ukraine and Moldova
The World Bank has appointed Bob Saum as the World Bank Country Director for Eastern Europe, based in Kyiv, overseeing the Bank’s programs in Ukraine and Moldova, effective July 1.
01 July 2024
Expert: 1.5 million builders needed to rebuild Ukraine in 5-10 years
Through its genocidal war, Russia has already destroyed more than 60 million square meters of housing in Ukraine.
Modernized Canada-Ukraine free trade agreement enters into force
The modernized free trade agreement between Ukraine and Canada has officially entered into force on July 1.
Government expects inflation to slow to 5.9% in 2027
The government has forecast that inflation in Ukraine will remain below 10.4% on an annual basis over the next two years, with a further slowing to 5.9% in 2027. This information is set out in the Budget Declaration for 2025-2027.
Government expects GDP to grow by 2.7% next year
The Cabinet of Ministers of Ukraine has approved the Budget Declaration for 2025-2027, which outlines a gradual economic recovery. In particular, GDP is expected to grow by 2.7% in 2025.
29 June 2024
Ukraine currently imports 35,203 MWh of electricity
Currently, 35,203 MWh of electricity is expected to be imported.
Zelensky signs law on BES reboot
The President signed the Law "On the Bureau of Economic Security of Ukraine" to improve the work of this agency.
IMF approves USD 2.2 billion tranche for Ukraine
The International Monetary Fund has approved a USD 2.2 billion tranche to support Ukraine's state budget.
Power outage schedules on Saturday to be in effect from 00:00 to 24:00 across Ukraine
On Saturday, June 29, power supply limits will be in effect from 00:00 to 24:00.
Harvesting campaign launched across 16 regions of Ukraine
Sixteen regions of Ukraine have already started the harvesting campaign. Early grain crops were gathered from more than 200 thousand hectares with over 720 thousand tonnes of the new-harvest grain threshed.
28 June 2024
Shmyhal assured that government will pay all social payments in full - this year and next
Thanks to the support of partners, social payments will be paid to Ukrainians in full next year.