The EBRD will provide Ukraine with €300M to restore energy infrastructure and construct new decentralized generation. Ukraine and the EBRD signed a memorandum under which the European Bank will provide €300M to support Ukraine’s energy sector. “This support will help to fulfill our goal – to ensure ... #DenysShmyhal #ebrd #EnergyDecentralization #energyukraine #UkraineEnergyLosses
Russia has already destroyed 9.2 GW of Ukrainian power generation; the state will work on creating an alternative. Due to the missile attacks over the last few days, Russia has destroyed 9.2 GW of Ukrainian power generation, noted EU Ambassador to Ukraine Katarina Mathernova. In turn, the Prime Minister of Ukraine... #DenysShmyhal #ElectricityGeneration #EnergyDecentralization #KatarinaMathernova #UkraineENergySystem
Ukrainian munitions manufacturers will achieve a 25% profit, and France’s €200M grant will be used for defense needs. Prime Minister Denys Shmyhal announced that the government has approved a resolution establishing a profit margin of up to 25% of their cost for domestic ammunition manufacturers. He noted the success... #ArtilleryShells #DefenseIndustryUkraine #DenysShmyhal #France #WeaponsProduction
Ukraine announces its expectations for international financial assistance for this year. Since the beginning of the full-scale war, Ukraine has attracted more than $85B in external financing, Prime Minister Denys Shmyhal said. “Over ₴1T was attracted to the budget thanks to military... #DenysShmyhal #EFFprogram #financialaidforUkraine #imf #UkraineBudget2024 #UkraineFacility
State companies plan to extract 15 cubic meters of gas and two million tons of oil this year and have launched seven new gas wells. The Naftogaz group expects that state gas production companies will produce about 15 billion cubic meters of gas in 2024, said the state company’s CEO, Oleksiy Chernyshov. He added that in addition to... #DenysShmyhal #energyukraine #GasProductionUkraine #Naftogaz #OilProductionUkraine #OleksiyChernyshov
The EIB will provide up to €30M to support Ukrainian business: what other support programs are available to Ukraine? The Government of Ukraine has allowed two Ukrainian banks to borrow up to €30M from the European Investment Bank to further support Ukrainian small and medium-sized businesses by improving preferentia... #BusinessSupport #CzechRepublic #DenysShmyhal #EIB #ForestsOfUkraine #LoansforBusiness
Ukraine needs at least $1B to restore its power system before the winter. Prime Minister Denys Shmyhal held the first meeting to prepare for the upcoming heating season. The head of the government named several challenges the government of Ukraine is facing: Scales o... #DenysShmyhal #energyukraine #HeatingSeasonUkraine #Ukrenergo #Ukrhydroenergo
Australia will support Ukraine’s defense capability with a $100M aid package. During a press conference in Lviv with Ukrainian Prime Minister Denys Shmyhal, Australian Defense Minister Richard Marles announced a new $100M aid package aimed at repelling Russian airstrikes and he... #AirDefenseSystems #AustraliaAidForUkraine #DenysShmyhal #dronestoUkraine #RichardMarles
Denys Shmyhal and Jake Sullivan ensure the $60B US aid package will arrive within a month. Prime Minister of Ukraine Denys Shmyhal said blocked US funding could arrive as soon as this month, as the more than $60B in assistance continues to be held up by House Republicans in Washington. Acco... #DenysShmyhal #financialaidforUkraine #JakeSullivan #SupportUkraine #USaidforUkraine #UScongress
The EIB has increased investment in Ukraine by 700% and plans to allocate €100M for the restoration of hydropower. In 2023, the European Investment Bank increased project financing in Ukraine by 700% compared to the previous year, up to €262M. The main direction for this financing was €133M to restore damaged crit... #DenysShmyhal #EIB #EnergyInvestments #InvestmentsinUkraine #Ukrainianhydropower #Ukrhydroenergo
The government has named five key sectors of Ukraine as future EU members. Prime Minister of Ukraine Denys Shmyhal singles out five sectors – defense, energy, agriculture, raw materials, and digital – in which Ukraine hopes to declare itself a future member of th... #agroUkraine #AssociationwithEU #DenysShmyhal #energyukraine #UkraineEconomy #UkrainianEnterprises
Ukraine will open five joint defense enterprises with Western manufacturers. According to Prime Minister Denys Shmyhal, “We are cooperating very fruitfully with the leaders of the world’s arms production. We can already talk about five signed contracts and five joi... #DefenseIndustryUkraine #DenysShmyhal #Rheinmetall #WeaponsProduction
The EU does not plan on negotiating with Russia regarding gas transit through Ukraine, while Kyiv is open to some options. The European Commission does not plan to engage in any contact with Russia to continue the transit of Russian gas to European countries through Ukraine’s GTS. European Energy Commissioner Kadri ... #DenysShmyhal #GasTransit #KadriSimson #REPowerEU #RussianGas #UkraineGTS
US President Joe Biden will meet with Congressional leaders regarding the approval of aid to Ukraine: When, and how much, can Ukraine expect? Biden will meet on Tuesday with four leaders in Congress to discuss the provision of assistance to Ukraine. As The Hill writes, Biden has been asking Congress for several weeks to allocate funds to su... #DenysShmyhal #JoeBiden #USaidforUkraine #UScongress #Zelenskyy
The state is moving to a new economic policy – Made in Ukraine, that will bring ₴4B to the budget and 1% GDP growth. President Zelenskyy announced the start of Ukraine’s new economic strategy, Made in Ukraine, which will become a platform for constant, direct dialogue between the state and entrepreneurs. He also ann... #DenysShmyhal #MadeinUA #UkraineEconomicStrategy #UkraineEconomy #Zelenskyy
Money, defense office and framework conditions: What Ukraine and the European Commission agreed on in Kyiv. Prime Minister of Ukraine Denys Shmyhal and President of the European Commission Ursula von der Leyen met in Kyiv. They discussed issues of financing, Ukrainian exports, and cooperation in the defense... #DenysShmyhal #EUdefense #EuropeanIntegration #UrsulavonderLeyen
While Ukraine is working to unblock its borders, Poland is preparing significant restrictions on Ukrainian products. Polish authorities plan to restrict Ukrainian products such as sugar, poultry meat, eggs, frozen raspberries, apple juice, sunflower, and rapeseed oil. Thus, the restrictions on grain are planned to b... #agroexportukraine #BorderBlockade #CzesławSiekierski #DenysShmyhal #GrainEmbargo
Japan allocates more than $12B in aid to Ukraine. Prime Minister Denys Shmyhal reported that Japan will provide Ukraine with $12.1B in aid, including previously announced and allocated amounts. “This is, in particular, a grant worth $4.7B, which we w... #DenysShmyhal #EmergencyRecoveryProgram #JapanAidForUkraine #UkraineRecovery
Japan will spend €1.25B to support its investors in Ukraine. The relevant documents were signed during the Tokyo Conference on Economic Development and Reconstruction. Prime Minister of Ukraine Denys Shmyhal specified that the Japanese export credit agency, NEX... #DenysShmyhal #EEPO #InvestmentsinUkraine #JapanandUkraine #JETRO #KenSaito #TokyoConference #YuliyaSvyridenko
Poland and Ukraine are approaching the resolution of their trade dispute. Poland’s Agriculture Minister Czeslaw Siekierski said: “We are negotiating a bilateral agreement with Ukraine to establish certain rules that will determine the size of quotas for certain ... #BorderBlockade #CzesławSiekierski #DenysShmyhal #DonaldTusk #TradeAgreement #TradeVisaFree #UkrainePoland
An IMF team arrived in Kyiv to discuss reforms and financing for this year. The IMF team will participate in the inaugural meeting of the Steering Committee of the Fund for the Development of Potential of Ukraine, which the IMF administers. After these meetings, on February 1... #DenysShmyhal #EFFprogram #GavinGray #imf #IMFprogramm
Ukraine plans to introduce preferential conditions for manufacturers of electric vehicles and use domestic lithium to manufacture batteries. “We plan to establish the production of electric cars for domestic needs and export. Our domestic needs are so high that, in the next 5-10 years, we can work to saturate the national market,R... #DenysShmyhal #ElectricCarProduction #LithiumUkraine #UkraineEconomy
Ukraine will abolish customs duties on goods in the association agreement with the EU. The EC has already supported maintaining this status until June 2025, Prime Minister Denys Shmyhal said. “We not only expect the rapid approval of this initiative by all EU members but also cons... #CustomDutiesUkraine #DenysShmyhal #TradeAgreement #transportvisafree #UkraineTrade
The US will provide Ukraine with about $12B in budget support. On January 23, US Treasury Secretary Janet Yellen assured Ukrainian Prime Minister Denys Shmyhal that the Biden administration plans to provide Ukraine with $11.8B in budgetary support for $11.8B as p... #DenysShmyhal #JanetYellen #SupportUkraine #UkraineBudget2024 #USaidforUkraine #USsenate
Slovakia will support the €50B allocation and allow private companies to supply arms to Ukraine. The Prime Ministers of Ukraine and Slovakia, Denys Shmyhal and Robert Fico, reached an agreement on several issues, including the EU’s allocation of €50B to Ukraine. Moreover, the parties agreed... #DenysShmyhal #RobertFico #SlovakiaAidforUkraine #SlovakiaUkraine #UkraineFacility
Ukraine and Poland discuss economic cooperation: development of interconnectors, new checkpoints, highways, and the export of agricultural products. Ukrainian Prime Minister Denys Shmyhal and Polish Prime Minister Donald Tusk discussed the further development of electricity interconnectors in addition to the interconnector between the Khmelnytskyi... #DenysShmyhal #DonaldTusk #UkrainePoland #UkrainePolandCheckpoints
The EC will present trade measures for Ukraine’s agricultural products and extend the economic visa-free program. The European Commission will propose trade measures against Ukraine this week after Bulgaria, Poland, Romania, Slovakia, and Hungary, in a joint letter, demanded import duties on Ukrainian grain, EC t... #agroexportukraine #DenysShmyhal #GrainEmbargo #OlofGill
The US special representative for Ukraine’s reconstruction discusses exports, logistics, and strengthening the economy. Penny Pritzker arrived in Kyiv on January 12. Along with her, top managers from Bank of America, the agricultural company Archer Daniels Midland, and one of the world’s largest insurers, Marsh M... #ArcherDanielsMidland #DenysShmyhal #InvestmentsinUkraine #MarshMcLennan #PennyPritzker #Zelenskyy
14 export credit agencies provide guarantees to businesses for investment in Ukraine, said Prime Minister Denys Shmyhal. Ukraine, together with MIGA (The Multilateral Investment Guarantee Agency) and the DFC (The US International Development Finance Corporation), are implementing an in... #BlackSeaCorridor #DenysShmyhal #DFC #InsuranceUkraine #MIGA #UkrainianShipInsurance
Japanese businesses will join Ukraine’s reconstruction. The Prime Minister of Ukraine and the Minister of Foreign Affairs of Japan, Yoko Kamikawa, discussed several cooperative prospects between the countries. On the agenda: support for the Peace Formula o... #DenysShmyhal #JapanandUkraine #UkraineReconstruction #YokoKamikawa
The White House needs Congress’ approval to continue aid to Ukraine and continue working on confiscating Russian assets. The White House no longer has funds for new military aid packages to Ukraine until the US Congress approves it, the representative of the National Security Council of the White House, John Kirby, said... #DenysShmyhal #JohnKirby #RussianAssetsConfiscation #SupportUkraine #USaidforUkraine #UScongress
Ukraine has significantly reduced the need for external financing and plans to increase its weapon production. Ukraine’s foreign funding needs in 2024 will amount to more than $37B, said Prime Minister of Ukraine Denys Shmyhal. According to him, in 2023 Ukraine attracted $42.6B in external financing, 27%... #DefenseIndustryUkraine #DenysShmyhal #financialaidforUkraine #UkraineBudget2024 #WeaponsProduction
The government approves the EU’s €50B Ukraine Facility plan. The Ukrainian government has approved a draft of the Ukraine Facility plan, according to which Ukraine should receive a €50B package of support from the EU that will be delivered during 2024-2027, Pri... #DenysShmyhal #EUsummit #financialaidforUkraine #SupportUkraine #UkraineFacility
The share of IT exports exceeds pre-war indicators by about 3%. IT services account for 40% of Ukrainian service exports. For comparison, the share of IT export services was almost 45% in 2022 and 37% in 2021, according to the Prime Minister of Ukraine, Denys Shmy... #DenysShmyhal #DiiaSummitkyiv #ITexport #TechUkraine #UkraineITexport #UkrainianITcompany
Ukraine must implement more than 2,700 European acts, while 59% of requirements have been implemented in the energy sector. The government calculated that for EU membership, Ukraine must implement 2,739 acts of EU law, Prime Minister Denys Shmyhal said. According to him, Ukraine has analyzed about 28,000 acts of EU law for... #DenysShmyhal #EKrecommendation #energyukraine #EuropeanIntegration #UkraineEU
Ukraine starts joint production of armored vehicles with Rheinmetall, but Germany could not keep up with weapon production, so Azerbaijan and South Korea tried to help. Ukraine and German arms concern Rheinmetall will soon launch the production of armored vehicles on Ukraine’s territory, Prime Minister Denys Shmyhal announced. He noted that Rheinmetall already ... #AmmunitionForUkraine #BorisPistorius #DefenseIndustryUkraine #DenysShmyhal #WeaponsProduction
The European Investment Bank has opened a regional office in Kyiv. The EIB announced the opening of a new regional EIB Eastern European representative office in Kyiv. The new regional office will provide enhanced support to Ukraine and Eastern Europe, cooperating and... #DenysShmyhal #EIB #EIBukraine
Ukraine’s third damage assessment will determine 2024’s investment priorities for recovery. The UN, in cooperation with the government of Ukraine, the World Bank, and the EU, has initiated the third rapid assessment of the damage done to and needs of Ukraine, which will determine investment ... #DamagesRegisterUkraine #DenysShmyhal #UkraineRecovery #UkraineWarDamages
Ukraine will receive almost ₴10B in additional aid from partners. According to Prime Minister Denys Shmyhal, Norway will provide $190M, and $70M will be allocated by Switzerland for aid to Ukraine. These grants will be provided through funds administered by the Worl... #DenysShmyhal #financialaidforUkraine #GrantsforUkraine #SupportUkraine #worldbank
The UK will help Ukraine make insurance for ships in the Black Sea more affordable. Ukraine and the UK have agreed on a special mechanism for the insurance of military risks during exports through the Black Sea corridor, Prime Minister of Ukraine Denys Shmyhal said. As he clarified, ... #BlackSeaCorridor #DenysShmyhal #MilitaryRiskInsurance #UkrainianShipInsurance #ВідвантаженнятоварівУкраїна
The EU is looking for ways to finance the Ukrainian budget deficit next year, and Ukraine is expecting to receive more than $30B in funding. The EC is considering all possible options to finance and support Ukraine but hopes that the EU Council will approve the Ukrainian Fund, which will provide funds to Kyiv from 2024 to 2027, said Execut... #BudgetDeficit #DenysShmyhal #UkraineBudget #ValdisDombrovskis
Ukraine takes another step towards receiving €50B from the EU. Prime Minister Denys Shmyhal said that Ukraine is submitting the preliminary draft plan for the Ukraine Facility program to the European Commission. He noted that the Ukraine Facility, or Ukraine Plan... #DenysShmyhal #ReformsinUkraine #UkraineFacility #UrsulavonderLeyen
The EU will provide €335M in aid and goes to the US to support Ukraine. The Cabinet of Ministers approved the EU Support for Recovery and Reforms financing program. After its signing, Ukraine will receive financing from the European Commission. As the head of the governme... #DenysShmyhal #EUfinancialAid #SupportUkraine #UkraineRecovery
Germany is preparing a €1.4B winter military aid package for Ukraine and is opening a joint defense enterprise with Ukraine. According to German Chancellor Olaf Scholz, the main task of the new aid package is to create a protective shield against Russia’s plans to continue attacking critical infrastructure. The packag... #DefenseIndustryUkraine #DenysShmyhal #GermanyMilitaryAid #OlafScholz #Rheinmetall
Germany wants to obtain permanent financial support for Ukraine from the EU. Federal Chancellor Olaf Scholz promised to work on ensuring that by the end of the year, the EU adopts concrete decisions to ensure stable support for Ukraine in the coming years, referring to the Dec... #DenysShmyhal #EUfinancialAid #EUsupportforUkraine #financialaidforUkraine #OlafScholz
Shmyhal voiced optimistic forecasts regarding Ukraine’s economic growth in Berlin and called on German businesses to invest. According to the current year’s results, Ukraine’s GDP will grow by more than 4%, even though the economy fell by 30% after the start of the war. In addition, inflation has already slowed ... #DenysShmyhal #GDPinUkraine #InflationinUkraine #InvestmentsinUkraine #UkraineEconomy
A German manufacturer of construction materials receives investment insurance and €12M to construct a second plant in Ukraine. Fixit Gruppe will receive a €12M loan from German bank KfW for a new project in Ukraine, and the German government will provide guarantees, said Prime Minister Denys Shmyhal. According to him, Ukraine... #ConstructionMaterialsUkraine #DenysShmyhal #GermanyInvestingInUkraine #InvestmentsinUkraine #KreiselFixit #RobertHabeck
The EU will provide Ukraine with €4.5B by the end of the year, while Ukraine hopes for another $2.3B from the US. The EU has become Ukraine’s largest donor in 2023, with €13.5B already allocated as part of a macro-financial aid instrument, and expects to provide additional funding for the Ukrainian budget b... #DenysShmyhal #financialaidforUkraine #PaoloGentiloni #SupportUkraine #UkraineBudget
Ukraine is expanding the corridors of solidarity with Slovakia and is preparing to increase the export of agricultural products through Moldova and Romania. The new transport corridor, which will pass through these countries, will allow the export of Ukrainian agricultural products to double, said Prime Minister Denys Shmyhal. “We are in active dial... #agroexportukraine #DenysShmyhal #GrainExportControl #LudovitOdor #PathsOfSolidarity #Ukrainiangrain
The government has announced the privatization of five large companies but wants to maintain control of strategic assets. The State Property Fund (SPFU) has already sold assets worth ₴4.5B within the framework of small privatization this year. Next year, it is planned to privatize five large objects, Prime Minister Denys... #DenysShmyhal #OleksandrFedoryshyn #PrivatizationUkraine #StatePropertyFund #UkraineStateCompanies
