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The meeting in Copenhagen will be an extension of the Ramstein format.

Today’s News

Tuesday, August 9

The meeting in Copenhagen will be an extension of the Ramstein format. The conference between the defense ministers from the Northern European allies in support of Ukraine scheduled in Copenhagen this week will be a continuation and expansion of the Ramstein forma...

The US is preparing a new $1B military aid package.

Monday, August 8

The US is preparing a new $1B military aid package.

NATO is working with arms manufacturers to increase supplies to Ukraine.

Friday, August 5

NATO is working with arms manufacturers to increase supplies to Ukraine.

President Zelenskyy’s office claims that Germany and other countries have blocked €8B of macro-finance.

Thursday, August 4

President Zelenskyy’s office claims that Germany and other countries have blocked €8B of...

Ukraine has completed preparations for the Trans-Balkan Corridor launch.

Wednesday, August 3

Ukraine has completed preparations for the Trans-Balkan Corridor launch.

Morning Economic Digest

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

Today’s News

Tuesday, August 9

The US will allocate $4.5B in additional financing for Ukraine.

The US will allocate $4.5B in additional financing for Ukraine. The World Bank Group today announced $4.5B in additional financing mobilized for Ukraine under the Public Expenditures for Administrative Capacity Endurance in Ukraine (PEACE), reported the World Ban...

Ukraine has called on the UN and the IAEA to send a security mission to the Zaporizhzhia NPP.

Ukraine has called on the UN and the IAEA to send a security mission to the Zaporizhzhia NPP. The Ukrainian Parliament Commissioner for Human Rights, Dmytro Lubinets, called on the UN and the International Atomic Energy Agency (IAEA) to send a security mission to the occupied Zaporizhzhya NPP...

Ukraine has developed a methodology for determining business losses due to war.

Ukraine has developed a methodology for determining business losses due to war. The Ministry of Economy, together with the State Property Fund, completed the development of a methodology for determining the losses suffered by enterprises as a result of the Russian Federation’s mi...

Germany promises to release €8B in aid from the EU.

Germany promises to release €8B in aid from the EU. Germany will help Ukraine to quickly receive the next €8B in macro-financial assistance from the EU and will take the lead in this process, said German Finance Minister Christian Lindner. The Prime Mi...

The Yuzhny Ukrainian port has resumed operation.

The Yuzhny Ukrainian port has resumed operation. On the morning of August 8 the bulk carrier SACURA, loaded with Ukrainian products, was the first ship to leave the Yuznhy port and then headed on its way to Italy. The vessel joined a caravan with th...

Ukraine has submitted an official proposal for a new special program to the IMF.

Ukraine has submitted an official proposal for a new special program to the IMF. This was stated by the Prime Minister of Ukraine, Denys Shmyhal, during an online conversation with the Minister of Finance of Germany, Christian Lindner. According to the prime minister, the letter w...

The Ukrainian Parliament will approve new anti-Russian sanctions.

The Ukrainian Parliament will approve new anti-Russian sanctions. In the upcoming plenary week, the Parliament will approve the decision of the National Security Council regarding sanctions against individuals and legal entities from the Russian Federation. The pack...

The EU plans to punish Turkey for helping the Russian Federation.

The EU plans to punish Turkey for helping the Russian Federation. Western countries are increasingly concerned about deepening ties between Turkish President Recep Tayyip Erdogan and Vladimir Putin. They have warned Ankara about the consequences if Turkey helps Russ...

Germany has confirmed that the possibility of launching Nord Stream-2 has been ruled out.

Germany has confirmed that the possibility of launching Nord Stream-2 has been ruled out. German Chancellor Olaf Scholz and the German government are not even considering the possibility of putting the Nord Stream 2 pipeline into operation. This was stated by the German federal government ...

The manufacturer of the Bayraktar is ready to start the construction of a plant in Ukraine.

The manufacturer of the Bayraktar is ready to start the construction of a plant in Ukraine. The Turkish drone manufacturer Baykar Makina purchased land and will build a factory in Ukraine. Just a week ago, the Ukrainian government approved a bilateral agreement and sent it to the parliament ...

A Ukrainian application reaches first place in the US App Store.

A Ukrainian application reaches first place in the US App Store. In August, the Ukrainian application Obimy topped the ratings of the most popular applications from the American App Store in the Lifestyle section, writes ain.ua. After the team redesigned the app, &...

Monday, August 8

The US is preparing a new $1B military aid package.

The US is preparing a new $1B military aid package. The Biden administration is preparing a new $1B military aid package for Ukraine. Reuters writes that it will include ammunition for long-range weapons and armored medical vehicles. The package should...

Half of the G20 countries do not support the US and European sanctions against Russia.

Half of the G20 countries do not support the US and European sanctions against Russia. Also, these states oppose the Russian Federation’s isolation, according to Bloomberg. It is noted that the G20, unlike the G7, does not actively support Ukraine in its fight against Russian aggr...

The first ship has arrived in Ukraine to load grain.

The first ship has arrived in Ukraine to load grain. On August 6, for the first time since the beginning of the war, a bulk carrier, the FULMAR S, arrived in Ukraine to load grain. The vessel arrived though the implementation of the safe transportation ...

Ukrainians’ food availability has decreased by almost 50%.

Ukrainians’ food availability has decreased by almost 50%. As of June 2022, the Food Availability Index (FAI) fell to 6.5, which is 47.6% lower than the pre-war level, 12% lower than in the first half of June, and 14.9% lower than in May. This is evidenced by...

The UN announces a drop in global food prices.

The UN announces a drop in global food prices. World food prices fell in July after record growth. This is evidenced by the World Food Index published by the Food and Agriculture Organization of the United Nations (FAO). It is noted that the news ...

Ukraine is finalizing negotiations on the industrial visa-free agreement with the EU.

Ukraine is finalizing negotiations on the industrial visa-free agreement with the EU. The ACAA agreement is a recognition of the equivalence of Ukraine’s technical regulation and conformity assessment system to the European one. Signing the industrial visa-free agreement would allow ma...

The Russian Federation is shelling the Zaporizhzhia NPP to cut off electricity in south Ukraine.

The Russian Federation is shelling the Zaporizhzhia NPP to cut off electricity in south Ukraine. Artillery shelling of the Zaporizhzhya NPP is intended to destroy the plant’s infrastructure, damage all power lines through which electricity is supplied to Ukraine’s power system, and cu...

USAID will help Ukrainian farmers to purchase grain storage equipment.

USAID will help Ukrainian farmers to purchase grain storage equipment. The United States Agency for International Development (USAID) will issue up to 15 sub-grants for a total amount of about UAH 300M to Ukrainian farmers. It is assumed that the sub-grants will be used ...

Ukraine will begin the privatization of bread factories and distilleries.

Ukraine will begin the privatization of bread factories and distilleries. The resumption of the privatization process, which is planned for September, will start with bread factories and distilleries, announced the State Property Fund. Currently, there are about 200 objects...

The US has introduced sanctions against Russian aircraft made in the EU.

The US has introduced sanctions against Russian aircraft made in the EU. For the first time, the US Department of Commerce introduced sanctions against aircraft from Russian airlines manufactured in Europe. The restrictions apply to 25 Airbus A320, A321, and A330 airliners...

The global economy will lose $1T due to the war in Ukraine.

The global economy will lose $1T due to the war in Ukraine. This year, the world’s economy will lose $1T because of the Russian Federation’s invasion of Ukraine, reported The Economist. According to the latest forecast, the hostilities in Ukraine will continue...

IT giant EPAM’s profits fell due to the war in Ukraine.

IT giant EPAM’s profits fell due to the war in Ukraine. The net profit of the international IT service company EPAM, which is one of the largest IT employers in Ukraine, amounted to $18.6M in the second quarter. This is 16% of the $114.7M profit from same ...

Friday, August 5

NATO is working with arms manufacturers to increase supplies to Ukraine.

NATO is working with arms manufacturers to increase supplies to Ukraine. NATO member countries are working closely with defense complex manufacturers to supply more weapons and equipment to Ukraine and ensure its readiness for a long-term confrontation with the Russian Fe...

NATO will create a single trust fund for Ukraine’s needs.

NATO will create a single trust fund for Ukraine’s needs. “NATO plans to replace six Ukrainian aid funds with one fund that will finance the needs of our country,” said deputy head of the President’s Office Ihor Zhovkva. Up to six NATO trust funds wer...

The armed forces will receive a helicopter purchased through United24.

The armed forces will receive a helicopter purchased through United24. The armed forces of Ukraine will receive an MI-2AM-1 helicopter for evacuating the wounded, purchased with the funds raised through the United24 global initiative, announced the Minister of Digital Tr...

The UN calls for increase taxation of oil and gas companies due to excess profits.

The UN calls for increase taxation of oil and gas companies due to excess profits. UN Secretary-General Antonio Guterres has criticized oil and gas companies for profiting from an energy crisis caused partly by the war in Ukraine. The statement was made against the background of th...

The Ukrainian government announces the launch of mass privatization.

The Ukrainian government announces the launch of mass privatization. On September 1, mass privatization should start in Ukraine, said the Prime Minister of Ukraine, Denys Shmyhal. “Small-scale privatization, especially in regions where people in villages and town...

DTEK Energy will pay September bond coupon in full.

DTEK Energy will pay September bond coupon in full. Ukraine’s largest private electricity and coal producer, DTEK Energy, plans to pay September’s $29.5M coupon on its 2027 note in cash, said the CEO of the company, Maxim Timchenko. That would mark the...

Ukrainian exporters are offered port facilities in Montenegro.

Ukrainian exporters are offered port facilities in Montenegro. The Embassy of Ukraine in Montenegro suggested that Ukrainian exporters consider the possibilities of the local port of Bar. Its capacity reaches five million tons per year, of which only 50% is used,...

The EU will allocate €8B to Ukraine by September.

The EU will allocate €8B to Ukraine by September. The European Union will agree on a new financial assistance package for Ukraine by September. It will amount to about €8B, writes Daily Maverick. Sources in the German government note that part of the...