Mykolaiv farmers export 70% of niche crops produced by them
Mykolaiv farmers export 70% of niche crops produced by them, such as flax, coriander, mustard and millet, towards EU and neighboring countries.
Economy
04 June 2024
Deficit in power system expected tomorrow - Ukrenergo
On Wednesday, June 5, there may be a deficit in the power system throughout the day. Electricity consumption limits will be in effect for each region from 00:00 to 24:00.
South Korea could provide $2.1B loan to Ukraine - PM Shmyhal
The Cabinet of Ministers forwarded to the Verkhovna Rada a draft law on the ratification of the intergovernmental agreement between Ukraine and the Republic of Korea, which will allow for receiving a loan of up to $2.1 billion.
Polish farmers renew cargo traffic blockade at Rava-Ruska - Hrebenne checkpoint on Ukraine border
On the morning of June 4, Polish farmers started blocking the cross-border movement of trucks at the Rava-Ruska - Hrebenne checkpoint.
ARMA suggests that foreign investors be allowed to manage seized assets
The Ukrainian Asset Recovery and Management Agency (ARMA) has initiated legislative changes to regulate the issue of providing access for foreign companies to competitions for the selection of a seized property manager.
Ukraine’s exports via maritime corridor already reach 50M tonnes
Over the past nine months, a total of 50 million tonnes of goods have been exported via the Ukrainian maritime corridor.
03 June 2024
Switzerland's upper house rejects $5.5B in aid for Ukraine
Switzerland's upper house of parliament rejected a 5 billion Swiss franc ($5.58 billion) aid contribution for Ukraine.
Ukrenergo warns of higher electricity deficit across Ukraine on Tuesday
On June 4, a higher deficit in the Ukrainian energy system is foreseen; accordingly, consumption limits for each region will be in effect throughout the day.
Polish farmers to block freight traffic at Grebenne - Rava-Ruska checkpoint on Tuesday
On Tuesday, June 4, Polish farmers plan to block cargo transportation at the Hrebenne - Rava-Ruska checkpoint on the border with Ukraine.
Ukraine’s defense giant creating clusters as part of ongoing corporatization
JSC Ukrainian Defense Industry (UOP, Ukroboronprom) is setting up two research and production associations in the field of aviation and ammunition.
Ukrnafta receives first applications from investors to restore 30 wells
PJSC Ukrnafta has received the first applications from interested investors to restore production at 30 abandoned wells by drilling sidetracks.
02 June 2024
On Monday, rolling blackout schedules to be applied in three Ukrainian regions
Power outage schedules will be in effect on Monday, June 3, throughout the day in the city of Kyiv, as well as in Kyiv, Odesa, and Donetsk regions.
Ukrenergo to introduce restrictions on electricity consumption on Monday
On Monday, June 3, restrictions on electricity consumption for industrial and household consumers will be in effect across Ukraine from 00.00 and throughout the day.
Emergency blackouts canceled in Ukraine for Sunday
Emergency power shutdowns have been called off in the city of Kyiv, as well as Odesa, Dnipropetrovsk, Donetsk, and Kyiv regions.
Zelensky invites Singaporean investors to Ukraine Recovery Conference
President of Ukraine, Volodymyr Zelensky, invited Singaporean investors to take part in a joint conference with the European Union on issues of recovery, reform, and modernization of Ukraine’s economy set to be held in Berlin.
Emergency power outages being introduced in Kyiv and several regions
Emergency power outages are being introduced in Kyiv and the Kyiv, Odesa, Dnipropetrovsk and Donetsk regions.
Rolling blackouts possible throughout Ukraine on Sunday - Ukrenergo
In all regions of Ukraine on Sunday, June 2, from 01:00 to 05:00 and from 19:00 to 24:00, electricity consumption caps will be in place for household and industrial consumers.
01 June 2024
Power outage schedules across Ukraine will be in effect from 18:00 to 24:00 today
Power supply limits for industrial and household consumers across Ukraine on Saturday, June 1, will be in effect from 18:00 to 24:00.
Two Ukrainian HPPs suffer critical damage in latest Russian strikes - operator
In the early hours of Saturday, June 1, Russia hit two hydroelectric power plants, critically damaging the equipment there.
DTEK shows consequences of enemy attack on TPP
Thirty-three units of special equipment have been involved in extinguishing the fire that broke out at one of DTEK's thermal power plants following Russian air strikes on June 1.
Shmyhal: IMF, Ukraine seal fourth review of EFF
Ukraine and the International Monetary Fund agreed at the expert level on the fourth review of the Extended Fund Facility (EFF) programme in the amount of $15.6 billion. This will allow Ukraine to receive a $2.2 billion tranche in the coming weeks.
Energy ministry: Ukraine Energy Support Fund increases to about EUR 500M
With Australia’s recently announced contribution, the Ukraine Energy Support Fund has exceeded EUR 494 million.
Ukraine already exports 46.7M tonnes of grain, leguminous crops
In the marketing year 2023/2024 (between July 1, 2023 and May 30, 2024), Ukraine exported 46.72 million tonnes of grain and leguminous crops.
One in three Ukrainians live in poverty - World Bank
The number of Ukrainians living in poverty has grown by 1.8 million since 2020, bringing the total to about 29% of the population as Russia's 2022 invasion continues to ravage the country's economy, the World Bank said in a report.
31 May 2024
Government raises electricity rates for household consumers
From June 1, 2024, the electricity tariff rate for household consumers will be UAH 4.32 per kilowatt-hour.
Russia appropriates more than 1,700 tonnes of Ukrainian grain and agricultural products
The Ukrainian Prosecutor General's Office is investigating Russia's appropriation of over 1,700 tonnes of Ukrainian agricultural products.
More than 1,600 grain storage facilities operating across Ukraine
Currently, more than 1,600 grain storage facilities with a total capacity of over 50 million tonnes are operating across Ukraine.
30 May 2024
"Energy" aid from Sweden will be distributed among four regions
A new aid package for the Ukrainian energy sector, approved by the Swedish government, will be distributed among power facilities in Kharkiv, Odesa, Mykolaiv and Kyiv regions.
Increase in tariffs on grain imports from Russia and Belarus should stop its exports to Europe - PM
Increasing tariffs on imports of Russian and Belarusian grain should stop its exports to Europe and deprive the aggressor of profits.