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The Ukrainian government has fulfilled 72% of its obligations under the Ukraine-EU Association Agreement.

Today’s News

Monday, March 27

The Ukrainian government has fulfilled 72% of its obligations under the Ukraine-EU Association Agreement. The government presented a report on its implementation of the Association Agreement for 2022, stating that Ukraine has fulfilled 72% of its obligations under ...

NATO says Ukraine already has enough weapons for a counteroffensive, but analysts disagree.

Friday, March 24

NATO says Ukraine already has enough weapons for a counteroffensive, but analysts disagree.

Russia carried out two massive strikes on residential buildings in the last 24 hours.

Thursday, March 23

Russia carried out two massive strikes on residential buildings in the last 24 hours.

The Pentagon is discussing the possibility of transferring old models of M1 Abrams tanks to Ukraine.

Wednesday, March 22

The Pentagon is discussing the possibility of transferring old models of M1 Abrams tanks to...

The extension of the grain initiative has caused a collapse in global prices for wheat and corn.

Tuesday, March 21

The extension of the grain initiative has caused a collapse in global prices for wheat and corn.

Morning Economic Digest

Straight, factual, timely and investable business news and economic trends from Ukraine, Europe’s next Frontier Economy.

Today’s News

Monday, March 27

The EU removed Ukraine from its blacklist of countries that are not fighting corruption.

The EU removed Ukraine from its blacklist of countries that are not fighting corruption. The Group of States of the Council of Europe Against Corruption (GRECO) recognized Ukraine’s progress in preventing corruption among deputies, judges, and prosecutors. The corresponding report a...

The EU will use frozen Russian assets for the benefit of Ukraine.

The EU will use frozen Russian assets for the benefit of Ukraine. The EU is studying its legal options for the use of frozen Russian currency reserves, including their investment to obtain profits that will be directed to Ukraine’s restoration, writes Politico. Unde...

The EU supports the creation of an international mechanism for registering losses in Ukraine, limiting Russian oil prices, and strengthening sanctions.

The EU supports the creation of an international mechanism for registering losses in Ukraine, limiting Russian oil prices, and strengthening sanctions. According to the EU summit results, the European Council has supported the creation of an international mechanism that will document the damage caused by Russia during the war in Ukraine. The EU also ...

The Government of Ukraine approved a memorandum with the IMF and its G7 creditors - loan guarantees and postponement of debt payments until 2027.

The Government of Ukraine approved a memorandum with the IMF and its G7 creditors - loan guarantees and postponement of debt payments until 2027. The Cabinet of Ministers of Ukraine approved the government’s and the National Bank’s draft letter of intent to the IMF and the draft Memorandum on Economic and Financial Policy. Minister ...

The IMF predicts a challenging year for the global economy.

The IMF predicts a challenging year for the global economy. According to the Fund, risks to financial stability have increased. 2023 will be another difficult year, where global growth will slow to below 3% due to the pandemic’s consequences, the war in Ukrain...

The government has provided conditions for the mass production of drones in Ukraine.

The government has provided conditions for the mass production of drones in Ukraine. The Cabinet of Ministers adopted a resolution that will significantly speed up the creation and supply of domestic drones to the front and will create conditions for the rapid development of Ukrainian...

Ukraine will have a direct railway connection with the port of Reni through Moldova.

Ukraine will have a direct railway connection with the port of Reni through Moldova. The government approved a draft protocol on amendments to the agreement between the governments of Ukraine and the Republic of Moldova on the operation of railway transport, as announced by the Prime ...

Qatari investors remain in Ukraine despite the war.

Qatari investors remain in Ukraine despite the war. The Qatar company QTerminals, which took over the concession of the Olivia seaport in Mykolaiv, has continued jobs for its Ukrainian workers even though the port is not functioning, and intends to con...

Ukraine continues to develop the Grain from Ukraine program - Spain and France have provided an additional €20.4M.

Ukraine continues to develop the Grain from Ukraine program - Spain and France have provided an additional €20.4M. Over the weekend, 30,000 tons of humanitarian grain were sent to Yemen as part of the program with the help of the US, Spain, and France. US Ambassador to Ukraine Bridget Brink emphasized that 65% of ...

Russia stole at least 1150 companies from Ukraine in the occupied territories.

Russia stole at least 1150 companies from Ukraine in the occupied territories. The Russian Federation illegally took over at least 1,150 companies that were previously under Ukrainian jurisdiction in the temporarily occupied territories. About 80% of these companies previously a...

Friday, March 24

NATO says Ukraine already has enough weapons for a counteroffensive, but analysts disagree.

NATO says Ukraine already has enough weapons for a counteroffensive, but analysts disagree. NATO Secretary General Jens Stoltenberg made a corresponding statement, stressing the continuing need for tanks, combat vehicles, and fighter-bomber jets. However, as Newsweek writes, the success of t...

Military aid to Ukraine is the main agenda for the EU summit on March 23-24.

Military aid to Ukraine is the main agenda for the EU summit on March 23-24. Heads of EU governments will gather for a two-day summit of the European Union in Brussels. The Chairman of the European Council, Charles Michel, said in the invitation letter that the meeting will be...

Ukrainian intelligence has summarized the results of the latest Russian offensive.

Ukrainian intelligence has summarized the results of the latest Russian offensive. According to the deputy head of intelligence, Vadym Skibitskyi, Russian troops are unable to simultaneously attack in several directions. “And the general bravado of the enemy’s army is more bas...

The Czech Republic has given all its available weapons to Ukraine and predicts a decrease in support next year.

The Czech Republic has given all its available weapons to Ukraine and predicts a decrease in support next year. According to Czech President Petr Pavel, Prague has only a few options left for further military support for Kyiv. He claims that the Czech Republic has already sent all the weapons it could to Ukrain...

“Poland’s aid to Ukraine has reached more than $7B this year,”

“Poland’s aid to Ukraine has reached more than $7B this year,” said the Minister of Finance of Poland, Magdalena Zhechkovska. She specified that these funds make up about 1% of the country’s GDP, or almost 30 billion zloty. These funds came from the state b...

Ukraine has officially requested F/A-18 fighter jets from Finland.

Ukraine has officially requested F/A-18 fighter jets from Finland. Tripartite negotiations between Finland, Ukraine, and the US are taking place regarding the transfer of combat aircraft. However, achieving this objective requires US approval because the F/A-18 Horne...

Here are the countries that have joined the joint purchase of ammunition for Ukraine.

Here are the countries that have joined the joint purchase of ammunition for Ukraine. Spain and Denmark decided to join the European Defense Agency and will participate in the purchase of ammunition for Ukraine. Norway, Austria, Belgium, Croatia, Cyprus, the Czech Republic, Estonia, Fi...

Naftogaz Ukraine provided creditors with a working scenario for debt restructuring.

Naftogaz Ukraine provided creditors with a working scenario for debt restructuring. During an online meeting with investors, the company proposed a working plan for resolving the situation with 2022 and 2026 Eurobonds. Naftogaz and financial advisor Lazard Frères SAS are currently pr...

The former CEO of Ukrainian Railways has been asked to provide the army with Ukrainian weapons as soon as possible.

The former CEO of Ukrainian Railways has been asked to provide the army with Ukrainian weapons as soon as possible. The new Minister of Strategic Industries, Oleksandr Kamyshin, must complete the reform of Ukroboronprom and establish weapons production for the military, Deputy Prime Minister Yuliya Svyridenko stres...

Since the war began, Ukraine has lost 24% of its tourist tax revenue.

Since the war began, Ukraine has lost 24% of its tourist tax revenue. Specifically, the state’s tax revenue has dropped from UAH 235.5M to UAH 178.9M, and the decrease was recorded in 14 regions of Ukraine, reported tourism.gov. These are the regions that were or are in...

Thursday, March 23

Russia carried out two massive strikes on residential buildings in the last 24 hours.

Russia carried out two massive strikes on residential buildings in the last 24 hours. During Tuesday’s late-night drone attack, Russia launched 21 Iranian-made Shahed 136/131 drones into Ukraine, 16 of which were eliminated. Seven people were killed in the Kyiv region overnight ...

The Swiss parliament proposes the allocation of more than €5B for Ukraine.

The Swiss parliament proposes the allocation of more than €5B for Ukraine. The Committee on Foreign Policy of the National Council of Switzerland has proposed to the Federal Council to submit to the parliament a program of support for Ukraine in the amount of at least 5B Sw...

Ukraine and the IMF have agreed on a four-year, $15.6B program.

Ukraine and the IMF have agreed on a four-year, $15.6B program. As the IMF specified, the agreement still has to be approved by the Fund’s Board of Directors in the coming weeks. The program’s goal is to maintain fiscal, external, and financial stabili...

Ukraine’s foreign debts have grown to 90% of GDP, and the balance of payments deficit has increased despite Western aid.

Ukraine’s foreign debts have grown to 90% of GDP, and the balance of payments deficit has increased despite Western aid. Ukraine’s gross foreign debt increased by $2.3B in 2022 and amounted to $132B at the end of last year. Concerning the GDP, the amount of debt increased over the year from 64.6% to 89% of its tot...

Patriot missile systems will arrive in Ukraine earlier than expected.

Patriot missile systems will arrive in Ukraine earlier than expected. According to Pentagon representatives, instructors have quickly conducted training for Ukrainian soldiers. Thus, 65 Ukrainian military personnel will complete their training at an American military ba...

Foreign investors can only withdraw interest on Ukrainian government bonds abroad.

Foreign investors can only withdraw interest on Ukrainian government bonds abroad. The National Bank of Ukraine will only allow foreign investors to withdraw interest on OVDPs received after April 1, 2023. The central bank postponed the decision on repatriating the principal amount ...

A US federal agency will consider five Ukrainian investment projects.

A US federal agency will consider five Ukrainian investment projects. The Advantage Ukraine investment platform prepared and directed the first investment projects for consideration by the American International Development Finance Corporation (DFC) regarding the financ...

The production of mineral fertilizers in Ukraine has increased by 25%.

The production of mineral fertilizers in Ukraine has increased by 25%. In the first two months of the year, Cherkasy Azot, part of the Ostchem nitrogen holding, produced 235,000 tons of mineral fertilizers. This is 23% more compared to the same period last year when 191,...

The West and Ukraine have recalculated the recovery needs to $411B.

The West and Ukraine have recalculated the recovery needs to $411B. The World Bank, the European Commission, the UN, and the government of Ukraine revised the assessment of Ukraine’s needs for post-war recovery. Now it is $411B, up from $349B, or more than twice...

Ukrainian Railway’s integration with the European network will cost €4.5B.

Ukrainian Railway’s integration with the European network will cost €4.5B. Including Ukrainian Railways (UZ) in the European TEN-T network will allow access to EU aid instruments. Within the framework of integration into TEN-T in Ukraine, it is planned to implement railway t...