IMF set to run frequent reviews of EFF for Ukraine
The International Monetary Fund has scheduled frequent reviews of the Enhanced Financing Program for Ukraine (EFF): one in the summer and one in the fall.
Economy
01 May 2023
Ukraine’s fiscal service implements tax plan by 107%
In April, the State Tax Service exceeded by 7% the plan of receipts to the state budget.
Restoring bonuses to Ukraine’s military may increase budget burden - IMF
The return of additional payments to the military, which was supported by the Verkhovna Rada of Ukraine in April, may lead to an increase in the Ukrainian budget deficit in 2023.
Sanctions pressure on Russia must be constantly increased - Ukraine’s finance minister
Sanctions pressure on the Russian Federation should be steadily intensified, according to Ukraine’s Minister of Finance Serhiy Marchenko.
Ministry of Reconstruction launches anonymous survey to identify areas of corruption
The Ministry of Communities, Territories and Infrastructure Development has launched an anonymous survey to identify the most vulnerable areas of its activities to corruption
NBU: Business improves its activity expectations
The business activity expectations index (BAEI) in Ukraine continues to demonstrate positive dynamics due to improvement in the situation in the energy sector, increase in supply of food and fuel, better inflation and exchange rate expectations, and stronger consumer confidence of households.
Another rotation of IAEA mission at Zaporizhzhia NPP takes place
Another staff rotation of the permanent monitoring mission of the International Atomic Energy Agency (IAEA) took place at the Zaporizhzhia nuclear power plant (NPP).
Ukraine’s grain, legume exports almost at 41.6M tonnes since MY start
Over the 10 months of the current marketing year (from July 1, 2022 to April 30, 2023), Ukraine exported 41.595 million tonnes of cereals and legumes.
Ukraine calls on global community to accelerate seizure of Russian assets
Ukraine has called on the global community to focus on strengthening the implementation of sanctions against Russia and accelerate the development of mechanisms to confiscate Russian assets and direct them to Ukraine’s reconstruction efforts.
Naftogaz leaves gas price for population unchanged for another year
Ukraine's state-owned gas company Naftogaz has extended the "Fixed" tariff plan for another year, with a price of UAH 7.96 per cubic meter (with VAT).
Energy ministry: About $3.4B needed to make preparations for next heating season
About $3.4 billion is needed to make preparations for the next heating season, namely to restore generating facilities and purchase the required resources.
NBU sells $445M on interbank market in past week
The National Bank of Ukraine (NBU) sold $444.74 million on the interbank foreign exchange market over the past week.
30 April 2023
Reconstruction of Kharkiv estimated at about $9.5B – mayor
The reconstruction of Kharkiv city, affected by Russian strikes, is estimated at about $9.5 billion.
Ukraine, EU discuss cooperation within large-scale macro-financial assistance
Ukrainian Finance Minister Sergii Marchenko and Executive Vice-President of the European Commission Valdis Dombrovskis discussed cooperation as part of the large-scale Macro-Financial Assistance (MFA) for Ukraine for 2023.
Three new contracts signed with Baykar – Minister Kamyshin
Following the 2023 Teknofest aviation, space and technology exhibition, three new contracts have been signed between Ukraine and Türkiye’s Baykar, the manufacturer of the Bayraktar unmanned combat aerial vehicles.
Government approves mutual access to Ukraine, EU public procurement markets – Shmyhal
The Cabinet of Ministers has endorsed a decision of the EU-Ukraine Association Committee and the Association Council on mutual access to each other's public procurement markets.
29 April 2023
Ministry of Energy: Ukraine will have to increase electricity tariffs
Ukraine will have to make the decision to increase electricity tariffs, otherwise the country's power system will not be able to prepare for the next winter.
Russia launched over 1,000 drones, missiles at Ukraine's energy infrastructure since Oct
Russia has used more than 1,000 drones and missiles in 33 large-scale attacks on Ukraine's energy infrastructure since October 2022.
President Zelensky thanks Horizon Capital for raising $254M for Ukraine
Ukrainian President Volodymyr Zelensky has held a meeting with the leadership and investors of Horizon Capital, and has thanked the company for raising $254 million in support of Ukraine.
U.S. delegation arrives in Kyiv to sign agreement on $25M investment to help businesses
A U.S. delegation has arrived in Kyiv to sign an agreement with President Volodymyr Zelensky on a $25 million investment by the International Development Finance Corporation (DFC) in Horizon Capital to help fast-growing small and medium-sized businesses.
USAID disburses another $1.25B for Ukraine's needs
The U.S. Agency for International Development (USAID), through the World Bank, has disbursed another $1.25 billion for Ukraine's needs in the field of healthcare, education, and emergency services.
Estonia provides over €500 million aid to Ukraine since beginning of war
Since the first days of the full-scale Russian invasion, Estonia has expressed support for Ukraine and provided assistance worth more than 500 million euros.
Czechia sends $1M for training of Ukrainian civil aviation pilots
This year, the Czech Republic will allocate CZK 22 million (over $1 million) to cover tuition for up to 25 students of Ukraine's National Aviation University.
28 April 2023
Denmark gives EUR1B for Ukraine recovery
The Danish government has launched a new support program for Ukraine for 2023.
European Commission, five EU countries agree to ban imports of five types of agricultural products from Ukraine
The European Commission and Poland, Slovakia, Hungary, Romania, and Bulgaria have agreed to ban the import of grain, corn, rapeseed, sunflower, and oil from Ukraine to the markets of these EU countries.
Ukraine gets $1.25B from U.S. through World Bank Trust Fund
Today, April 28, the State Budget of Ukraine received a grant of $1.25 billion from the United States of America through the World Bank’s Trust Fund. The money will be allocated for the payment of pensions, wages to medics, and allowances to emergency and rescue workers.
EU ambassadors agree to extend duty-free trade with Ukraine
The Committee of Permanent Representatives of the EU at the level of ambassadors (Coreper) supported the proposal to extend the liberalization of trade rules between Ukraine and the EU for another year, which provides for the abolition of any import duties for Ukrainian goods.
G7 ambassadors familiarized with draft tax reform
Rostyslav Shurma, Deputy Head of the Office of the President of Ukraine, familiarized the ambassadors of the Group of Seven countries with the draft tax reform.
Ambassador Zvarych: Polish business should be involved in rebuilding Ukraine right now
Warsaw is Kyiv's main trading partner in the EU with a trade turnover of over $12 billion. Polish companies should be actively involved in rebuilding Ukraine now, without waiting for the end of the war unleashed by Russia.