Business news | Latest business news in Ukraine - UBN

<img data-lazyloaded="1" src="data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSIzMDAiIGhlaWdodD0iNzQiIHZpZXdCb3g9IjAgMCAzMDAgNzQiPjxyZWN0IHdpZHRoPSIxMDAlIiBoZWlnaHQ9IjEwMCUiIGZpbGw9IiNlZGVkZWQiLz48L3N2Zz4=" width="300" height="74" data-src="https://ubn.news/wp-content/uploads/2022/11/logo-header-new-2022.png" alt="Ukraine Business News"><noscript><img data-lazyloaded="1" src="data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSIzMDAiIGhlaWdodD0iNzQiIHZpZXdCb3g9IjAgMCAzMDAgNzQiPjxyZWN0IHdpZHRoPSIxMDAlIiBoZWlnaHQ9IjEwMCUiIGZpbGw9IiNlZGVkZWQiLz48L3N2Zz4=" width="300" height="74" data-src="https://ubn.news/wp-content/uploads/2022/11/logo-header-new-2022.png" alt="Ukraine Business News"><noscript><img width="300" height="74" src="https://ubn.news/wp-content/uploads/2022/11/logo-header-new-2022.png" alt="Ukraine Business News">

Language:

Українська

Français

Deutsch

Español

Polski

Русский

<img data-lazyloaded="1" src="data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSIzMDAiIGhlaWdodD0iNzQiIHZpZXdCb3g9IjAgMCAzMDAgNzQiPjxyZWN0IHdpZHRoPSIxMDAlIiBoZWlnaHQ9IjEwMCUiIGZpbGw9IiNlZGVkZWQiLz48L3N2Zz4=" width="300" height="74" data-src="https://ubn.news/wp-content/uploads/2022/11/logo-header-new-2022.png" alt="Ukraine Business News"><noscript><img data-lazyloaded="1" src="data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSIzMDAiIGhlaWdodD0iNzQiIHZpZXdCb3g9IjAgMCAzMDAgNzQiPjxyZWN0IHdpZHRoPSIxMDAlIiBoZWlnaHQ9IjEwMCUiIGZpbGw9IiNlZGVkZWQiLz48L3N2Zz4=" width="300" height="74" data-src="https://ubn.news/wp-content/uploads/2022/11/logo-header-new-2022.png" alt="Ukraine Business News"><noscript><img width="300" height="74" src="https://ubn.news/wp-content/uploads/2022/11/logo-header-new-2022.png" alt="Ukraine Business News">

The prime rate will not change before the end of the year.

Today’s News

Tuesday, February 7

The prime rate will not change before the end of the year. Most of the NBU’s Monetary Policy Committee members are considering keeping the discount rate at 25% at least until the first quarter of 2024. However, some board members assume that the key rate reduction ...

The plan for integration into the common EU market was approved.

Monday, February 6

The plan for integration into the common EU market was approved.

The Ukraine-EU summit in Kyiv will demonstrate the gap between Ukraine’s expectations and the EU’s capabilities.

Friday, February 3

The Ukraine-EU summit in Kyiv will demonstrate the gap between Ukraine’s expectations and the...

Poland is ready for negotiations with its allies regarding the transfer of F-16s to Ukraine.

Thursday, February 2

Poland is ready for negotiations with its allies regarding the transfer of F-16s to Ukraine.

American financial institution DFC allocates $250M in loans for small businesses and promises another $1B in investment.

Wednesday, February 1

American financial institution DFC allocates $250M in loans for small businesses and promises...

Morning Economic Digest

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

Today’s News

Tuesday, February 7

Norway has developed a five-year aid package for Ukraine worth $7.2B.

Norway has developed a five-year aid package for Ukraine worth $7.2B. Norwegian Prime Minister Jonas Haar Støre said that his government has agreed to provide Ukraine with a $7.2B aid package over the next five years. According to the prime minister, this year, it is pr...

Ukraine's defense minister replacement postponed due to security reasons.

Ukraine's defense minister replacement postponed due to security reasons. A day after a senior lawmaker in President Zelenskyy’s party announced the replacement of Defense Minister Oleksii Reznikov by Ukraine’s head of military intelligence, a parliamentary official said n...

Prices in Ukraine this year will grow at the same pace as last year.

Prices in Ukraine this year will grow at the same pace as last year. In 2023, it should not be expected to see a slowdown in the growth of consumer prices because inflation in Ukraine will be similar to the previous year’s rate, when it reached 26.6%, according t...

Another Ukrainian seaport has been put up for sale.

Another Ukrainian seaport has been put up for sale. On March 3, the State Property Fund will hold a privatization auction to sell the Bilhorod-Dniester Sea Trade Port. This will be the second privatization of the port in Ukraine’s entire history. The s...

Zelenskyy is planning to visit Brussels this week.

Zelenskyy is planning to visit Brussels this week. During the visit, Zelenskyy is expected to speak at a special session of the European Parliament. However, the president himself is concerned about security issues related to the trip. His only visit ...

Ukraine’s grain exports this marketing year decreased by a third.

Ukraine’s grain exports this marketing year decreased by a third. The actual volume of grain exports by Ukraine since the beginning of the 2022-2023 marketing year (July 2022-June 2023) as of February 6 is 27.69 million tons. This is 29.4% or 11.520 million tons les...

Russian and Belarusian mineral fertilizers worth UAH 100M were seized in a Ukrainian Seaport.

Russian and Belarusian mineral fertilizers worth UAH 100M were seized in a Ukrainian Seaport. The court seized a bulk shipment of mineral fertilizers of Russian and Belarusian production, with a total value of almost UAH 100M ($2.7M). The products were found in 170 wagons in the Mykolaiv seapo...

Josep Borrell spoke about the EU's red lines in helping Ukraine.

Josep Borrell spoke about the EU's red lines in helping Ukraine. Sending EU troops to the territory of Ukraine was never on the agenda. This is not planned because the EU is not a party to the conflict, said the head of the European diplomacy, Josep Borrell. At the...

Turkey has been rocked by a series of powerful earthquakes that has led to the death of more than 2,000 people.

Turkey has been rocked by a series of powerful earthquakes that has led to the death of more than 2,000 people. An earthquake with a magnitude of 7.7 on the Richter scale shook the province of Kahramanmaras-Pazardzhik in Turkey on the morning of February 6. It became the most powerful earthquake since 1939. A f...

Monday, February 6

The plan for integration into the common EU market was approved.

The plan for integration into the common EU market was approved. According to President Zelenskyy, the plan details priority actions for 2023-2024. He explained that its implementation would make Ukraine a de facto member of the EU at the economic level including a...

Ukraine has fulfilled 72% of its obligations under the Association Agreement with the EU,

Ukraine has fulfilled 72% of its obligations under the Association Agreement with the EU, said Deputy Prime Minister for European Integration Olga Stefanishyna. According to her, the leader in fulfilling obligations has become the field of intellectual property with progress of 33% of its...

The European Commission presents a report on Ukraine’s compliance with EU legislation.

The European Commission presents a report on Ukraine’s compliance with EU legislation. According to a EC assessment, Ukraine’s legislation in matters of financial control standards, free movement of workers, intellectual property, social policy, environmental and climate protection, as ...

Ukraine will join key European Union programs.

Ukraine will join key European Union programs. Ukraine now joins the EU’s single market program, justice program, and civil program. Soon, Ukrainians will be able to apply for funding and to support various investment projects. This means more sup...

Allies pressure the IMF to provide Ukraine with a new $14-16B program.

Allies pressure the IMF to provide Ukraine with a new $14-16B program. According to the FT, IMF representatives plan to meet Ukrainian officials in Warsaw in mid-February to discuss the loan terms. The fund is considering the possibility of launching a program for $14-16...

New US $2.1B military aid package includes new hybrid rockets.

New US $2.1B military aid package includes new hybrid rockets. The US is sending Ukraine a new $2.1B weapons package, according to Defense Press Secretary Patrick S. Ryder, including a new ground-launched, bomb-tipped missile. The latest aid includes $425M in equ...

Ukraine is ready to ensure the transit and storage of natural gas from the Caspian Sea to the EU,

Ukraine is ready to ensure the transit and storage of natural gas from the Caspian Sea to the EU, said Deputy Minister of Energy of Ukraine Mykola Kolisnyk during the Ninth ministerial meeting of the Consultative Council of the Southern Gas Corridor in Baku, Azerbaijan. During the event, the parti...

Ukraine will begin producing 500 MW of green energy and increase the import of electricity.

Ukraine will begin producing 500 MW of green energy and increase the import of electricity. In 2023, Ukraine intends to put into operation 500 MW of new power generation capacities from renewable sources, as well as to increase the import of electricity from Europe to 2,000 MW, as detailed ...

Confiscated Russian assets will be transferred to Ukraine for the first time.

Confiscated Russian assets will be transferred to Ukraine for the first time. The US Attorney General’s Office announced the first transfer to Ukraine of confiscated assets seized from Russian oligarch Konstantin Malofeev, said the US Attorney General, Merrick Garland. On...

Ukraine will receive tens of millions of dollars due to other countries’ launch of a Diia analog.

Ukraine will receive tens of millions of dollars due to other countries’ launch of a Diia analog. At least five countries have already announced their intention to create digital applications based on the Ukrainian Diia app, said the Minister of Digital Transformation, Mykhailo Fedorov. According ...

The UN counts the number of Ukrainian refugees in Europe.

The UN counts the number of Ukrainian refugees in Europe. According to the UN, the number of Ukrainian refugees with temporary protection status in Europe reached 4.8 million as of January 31, 2023. In the last two months there has been a significant outflow...

Friday, February 3

The Ukraine-EU summit in Kyiv will demonstrate the gap between Ukraine’s expectations and the EU’s capabilities.

The Ukraine-EU summit in Kyiv will demonstrate the gap between Ukraine’s expectations and the EU’s capabilities. This week, Ukrainian officials will have a long list of requests for their European allies: fighter jets and other heavy weapons, rapid EU membership, a legal mechanism to hold Russia accountable, and...

Ukraine’s economic integration into the EU will take up to four years.

Ukraine’s economic integration into the EU will take up to four years. Ukraine’s full economic integration into the European Union may take two to four years, said Ukrainian trade representative Taras Kachka. He explained that Ukraine has made great progress in the...

Ukraine will negotiate a full-fledged program with the IMF.

Ukraine will negotiate a full-fledged program with the IMF. Ukraine expects to complete its monitoring program with the involvement of the IMF’s Board of Directors and to start negotiations on a full-fledged program in the second quarter. This is necessary to ...

The EU Council approves €500M in military aid to Ukraine.

The EU Council approves €500M in military aid to Ukraine. On the eve of the Ukraine-EU summit, the Council of the European Union adopted aid measures within the European Peace Fund (EPF) framework, providing further military assistance to the Armed Forces of...

Ukraine signs an agreement on participation in the EU single market.

Ukraine signs an agreement on participation in the EU single market. According to the results of a joint meeting of the Ukrainian government and the European Commission in Kyiv on Thursday, an agreement on Ukraine’s participation in the EU Single Market program ...

In January, Ukrainians increased their purchases of foreign currency to a record amount.

In January, Ukrainians increased their purchases of foreign currency to a record amount. In January 2023, Ukraine’s population sold cash and non-cash currency to commercial banks for $1.2B and bought $1.8B. The net purchase of currency amounted to $564M. Thus, in January, Ukrainians incre...

Ukrainian energy companies manage to provide 80% of Ukraine’s electricity needs.

Ukrainian energy companies manage to provide 80% of Ukraine’s electricity needs. As of February 2, Ukraine’s power system generating capacity is sufficient to cover about 80% of consumers’ electricity needs. The loss of generation capacity in the aftermath of the Russian mis...

Ukraine presents its reconstruction plan to the G7 ambassadors.

Ukraine presents its reconstruction plan to the G7 ambassadors. At a meeting with the ambassadors from the Big Seven countries, Minister of Infrastructure Oleksandr Kubrakov presented the strategic recovery directions for 2023. The restoration of critical infrastr...

February’s Ramstein meeting inspires cautious optimism about long-range missiles and aircraft for Ukraine.

February’s Ramstein meeting inspires cautious optimism about long-range missiles and aircraft for Ukraine. According to Deputy Chairman of National Security, Defense, and Intelligence Yehor Chernev, Ukraine’s partners have realized that the future of the EU depends on the number of weapons they trans...