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

Today’s News

Thursday, February 2

Poland is ready for negotiations with its allies regarding the transfer of F-16s to Ukraine. Polish President Andrzej Duda, commenting on the issue of providing Ukraine with F-16 fighter jets, said that his country is ready to negotiate and reach an agreement with ...

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...

Ukraine has ambitious plans to join the EU within two years.

Tuesday, January 31

Ukraine has ambitious plans to join the EU within two years.

Ukraine is accelerating negotiations for the provision of aviation and long-range missiles,

Monday, January 30

Ukraine is accelerating negotiations for the provision of aviation and long-range missiles,

US senators call on Biden to provide Ukraine with F-16 fighter jets and ATACMS.

Friday, January 27

US senators call on Biden to provide Ukraine with F-16 fighter jets and ATACMS.

Morning Economic Digest

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

Today’s News

Thursday, February 2

Stefanchuk calls from the rostrum of the National Assembly of France to provide Ukraine with fighter jets and tanks.

Stefanchuk calls from the rostrum of the National Assembly of France to provide Ukraine with fighter jets and tanks. Ukrainian Parliament Chairman Ruslan Stefanchuk called on the France leadership to provide Ukraine with Dassault Mirage 2000 and Dassault Rafale fighter jets, as well as AMX-56 Leclerc tanks. In parti...

The SBU is conducting investigative actions against several Ukrainian government officials.

The SBU is conducting investigative actions against several Ukrainian government officials. Yesterday, the Security Service of Ukraine (SBU) charged the former Ministry of Defense procurement director with embezzlement as part of anti-corruption searches and crackdowns across the country. Ac...

The US' new $2B aid package will include long-range artillery and ammunition.

The US' new $2B aid package will include long-range artillery and ammunition. According to US government officials, the new military aid package will consist mainly of artillery and shells. Bloomberg claims it will not contain the certain requested weapons, such as long-range m...

Zelenskyy meets with the Austrian President and asks to relocate businesses from Russia to Ukraine.

Zelenskyy meets with the Austrian President and asks to relocate businesses from Russia to Ukraine. Following a meeting with Austrian President Alexander Van der Bellen in Kyiv, President Volodymyr Zelenskyy called on Austrian businesses to abandon cooperation with Russia as an aggressor country and...

The National Bank continues to sell significant amounts of currency from its reserves.

The National Bank continues to sell significant amounts of currency from its reserves. During January 2023, the NBU bought $28.5M and sold $3.11B on the interbank foreign exchange market. The negative balance amounted to $3.082B, according to NBU data. Thus, the central bank slightly re...

Norway will approve a five-year plan to support Ukraine.

Norway will approve a five-year plan to support Ukraine. The government of Norway, which previously allocated about $100M for Ukraine’s reconstruction, plans to approve a five-year, long-term support plan. It is assumed that billions of Norwegian kroner wil...

The Ministry of Finance attracted only UAH10.6B from the sale of military bonds.

The Ministry of Finance attracted only UAH10.6B from the sale of military bonds. On January 31, the Ministry of Finance attracted only UAH 10.61B to the state budget at auctions for the sale of domestic state loan military bonds, despite the increase in the issuance of the benchma...

Ukraine fell to 25th place in the world ranking of steel producers.

Ukraine fell to 25th place in the world ranking of steel producers. Last year, Ukrainian metallurgists smelted 6.3 million tons of steel, compared to 21.4 million tons in 2021. As a result, Ukraine moved from 14th to 25th place in the global ranking of steel producers...

Ukrainian businesses predict layoffs and rising prices.

Ukrainian businesses predict layoffs and rising prices. Despite adapting to current conditions, Ukrainian businesses have worsened their expectations regarding economic activity. The index of expectations of business activity in January 2023 decreased to 3...

Ukraine’s exports fell by 30% and imports by 4%.

Ukraine’s exports fell by 30% and imports by 4%. Ukraine’s export of goods and services decreased by 29.9% in 2022, while imports decreased by only 3.9%, according to the NBU Balance of Payments Review. The export of goods decreased by 35.1% l...

Wednesday, February 1

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

American financial institution DFC allocates $250M in loans for small businesses and promises another $1B in investment. The US International Development Finance Corporation (DFC) is mobilizing $250M to develop Ukrainian small and medium size businesses. The funds will be transferred to banks that will in turn lend to U...

In Paris, Reznikov will ask for jet fighters and surface-to-air defense systems.

In Paris, Reznikov will ask for jet fighters and surface-to-air defense systems. Defense Minister of Ukraine Oleksiy Reznikov will meet with French President Emmanuel Macron during his visit to Paris and ask for fighter jets for the Ukrainian military, The Guardian suggests. Macro...

Scholz did not receive South American countries’ support for Ukraine.

Scholz did not receive South American countries’ support for Ukraine. During his tour of South America, German Chancellor Olaf Scholz wanted to involve Argentina, Brazil, and Chile in assisting Ukraine in the fight against the Russian Federation’s invasion. Unfortunatel...

Ukraine needs about 200 fighter jets to protect the sky.

Ukraine needs about 200 fighter jets to protect the sky. According to Yuriy Ignat, the spokesman of the Air Force of the Ukrainian Armed Forces, fighter jets should be multi-purpose. In general, Ukraine needs to carry out an aviation rearmament, to replace ...

Ukraine has fulfilled almost all the requirements of the IMF.

Ukraine has fulfilled almost all the requirements of the IMF. Ukraine has already fulfilled four of the five structural checkpoints provided for in the IMF’s monitoring program, which the state undertook to fulfill by the end of January. National Bank Chairman A...

Ukrainian banks need to form additional mandatory reserves of UAH 73B.

Ukrainian banks need to form additional mandatory reserves of UAH 73B. The National Bank has increased mandatory reserve requirements for banks for funds on demand and funds on current accounts. The NBU informed financial institutions that from February 11, reserve stand...

Dmytro Kuleba voices some expectations from the Ukraine-EU summit.

Dmytro Kuleba voices some expectations from the Ukraine-EU summit. At the Ukraine-EU summit several industry documents and a joint statement will be signed, and work is still ongoing, said the Minister of Foreign Affairs Dmytro Kuleba. He clarified that Ukraine is pr...

Energy companies were obliged to pay debts to the owners of domestic SPPs in Ukraine.

Energy companies were obliged to pay debts to the owners of domestic SPPs in Ukraine. The National Commission for Regulation of the Energy Market obliged state company Ukrenergo to pay their debts to the owners of domestic solar power plants. In particular, the commission canceled the ...

In 2022, central banks bought the most gold since 1967.

In 2022, central banks bought the most gold since 1967. Central banks added a whopping 1,136 tons of gold worth some $70B to their stockpiles in 2022, by far the most of any year since 1967, reported the WGC. The data underlines a shift in attitude to gold...

Serbia and Canada have opened their markets for bees and rendered fats.

Serbia and Canada have opened their markets for bees and rendered fats. The Canadian Food Inspection Agency (CFIA) has agreed on a veterinary certificate to export live bee packages from Ukraine to Canada. This certificate enables Ukrainian producers to export to Canada n...

Last year, the share of agricultural products in Ukrainian exports was 53%.

Last year, the share of agricultural products in Ukrainian exports was 53%. In 2022, the share of products of the agro-industrial complex in the overall structure of exports of goods from Ukraine was about 53%, said the Deputy Chairman of the All-Ukrainian Agrarian Council, D...

Tuesday, January 31

Ukraine has ambitious plans to join the EU within two years.

Ukraine has ambitious plans to join the EU within two years. Ukraine’s leadership has a very ambitious plan for the country to accede to EU membership within the next two years, said Prime Minister Denys Shmyhal. He added that the state expects preliminary nego...

Poland is ready to transfer fighter jets to Ukraine after an agreement with NATO countries.

Poland is ready to transfer fighter jets to Ukraine after an agreement with NATO countries. “We coordinate all measures related to strengthening the defense forces of Ukraine with our NATO partners,” said Polish Prime Minister Mateusz Morawiecki. He clarified that, as of a few months ago, in...

Russia attacked Kharkiv and Kherson, damaged ships, and caused oil leaks into the Dnipro river.

Russia attacked Kharkiv and Kherson, damaged ships, and caused oil leaks into the Dnipro river. After the Russian shelling of the port of Kherson, oil products leaked into the Dnipro waters from one of the affected ships. According to local authorities, Russian shells damaged the fuel storage of...

Half of Ukraine’s business regulatory procedures will be canceled.

Half of Ukraine’s business regulatory procedures will be canceled. The interdepartmental working group conducting an accelerated review of the state’s regulatory instruments for economic activity recommended that the Cabinet of Ministers cancel a significant amount o...

A global oil and gas giant predicts a quick transition to clean energy against the backdrop of Russia’s war against Ukraine.

A global oil and gas giant predicts a quick transition to clean energy against the backdrop of Russia’s war against Ukraine. According to the multinational oil and gas company BP, Russia’s war against Ukraine will put pressure on long-term energy demand and accelerate the world’s transition to RES and low-carbon...

Delays in the provision to Ukraine of Western weapons prevented it from continuing its counteroffensives.

Delays in the provision to Ukraine of Western weapons prevented it from continuing its counteroffensives. The West did not comply with Ukraine’s request to transition from Soviet to Western weapons, which was voiced as soon as the West undertook action to aid Ukraine in defending itself against the ...

G7 and EU ambassadors expect tough anti-corruption decisions from Ukraine.

G7 and EU ambassadors expect tough anti-corruption decisions from Ukraine. The G7 and the EU ambassadors expect Ukraine to resume electronic declarations and approve the State Anti-Corruption Program. The approval of the program will help Ukraine save taxpayers up to UAH 200...

Officials identify the main topics of the Ukraine-EU summit on February 3 in Kyiv.

Officials identify the main topics of the Ukraine-EU summit on February 3 in Kyiv. At the event, the military situation, President Volodymyr Zelenskyy’s peace plan, and the support of Ukraine from its partners will be discussed, said Matti Maasikas, the EU’s ambassador to Ukraine. H...

Stoltenberg says the Russian Federation is preparing for a new attack on Ukraine.

Stoltenberg says the Russian Federation is preparing for a new attack on Ukraine. According to NATO’s secretary general, “We see that they are preparing for a new offensive, that they are mobilizing more soldiers, over 200,000, and even more. Furthermore, they actively buy new weap...