Year-over-year Ukrainian consumer price index inflation was at 26.6% for 2022, State Statistics Service reported on Jan. 10. In December 2022, price growth levels remained the same as in November – at 0.7%, compared to 2.5% in October, 1.9% in September and 1.1% in August. In December 2021, inflation was at 0.6%, so in annual … Read more
80% of Ukraine’s wind power generation capacity has been knocked out of order or captured, Ukrainian deputy energy minister Yaroslav Demchenkov said in an article for Ukrainian business publication Ekonomichna Pravda. According to the official, as of Feb. 24, 2022, the total capacity of Ukrainian wind power plants (excluding the temporarily occupied territories of Donbas … Read more
The state rail company Ukrzaliznytsia transported 150.58 million tons of cargo, according to operational data for 2022, which is 52.1% less than in 2021, RAIL.insider reported on Jan. 5. The results of the year were discussed during an online meeting of Ukrzaliznytsia with participants in the agricultural transportation market on Jan. 5. “Cargo transportation almost halved in … Read more
During 2022, Ukraine exported 99.8 million tons of goods worth 44.1 billion dollars. This was announced by Deputy Minister of Economy and Trade Representative of Ukraine Taras Kachka. The official noted that from 2021, the value of exports fell by 35%, and physical volumes decreased by 38.4%. “However, in war conditions, this is a feat: … Read more
The Ukrainian government has simplified rules for importing civil and dual-use drones, removing requirements for additional documents and certificates – including end-user warranty letters – Ukraine’s Economy Minister Yulia Svyrydenko said in a Facebook post on Jan. 3. According to the minister, all the necessary paperwork can now be performed at customs, by submitting a … Read more
The Cabinet of Ministers is considering building a decentralized energy system that will become less vulnerable to russian shelling. It is, in particular, about the construction of mini-power plants and small generation facilities. Prime Minister Denys Shmyhal announced this during the government meeting on January 3. Shmyhal also noted that it is about the creation … Read more
The government of Ukraine has changed the rules for holding auctions and temporarily canceled auctions in the ProZorro e-procurement system, since not everyone can participate in them due to constant shelling of energy infrastructure facilities. As the press service of the Ministry of Economy reported on Tuesday, the Cabinet of Ministers adopted relevant resolution No. … Read more
Russia’s full-scale invasion of Ukraine has already caused $700 billion in damage, Ukrainian PM Denys Shmyhal said during a cabinet meeting on Jan. 3. Shmyhal noted that at the beginning of June 2022, that amount was estimated at around $350 billion. “Given the latest attacks on our infrastructure, today this amount exceeds $700 billion,” the … Read more
The International Monetary Fund (IMF) is working on providing support for Ukraine, IMF Managing Director Kristalina Georgieva said in an interview with U.S. news channel CBS News on Jan. 1. She was asked to comment on Ukrainian President Volodymyr Zelenskyy’s expectations to get $55 billion in foreign support in 2023, including $20 billion from the … Read more
Ukraine exported 22.76 million tons of grain crops from the beginning of the 2022/2023 marketing year (from July to June) and until Jan. 2, the Ministry of Agrarian Policy reported. According to the agency, more than half (55.5%) of the total supply is corn —12.64 million tons, another 8.41 million tons of wheat (36.9%) and … Read more