The international reserves of Ukraine increased by 5.5%, amounting to $25.24 billion as of November 1, according to preliminary estimates of the National Bank. “As of November 1, Ukraine’s international reserves amounted to $25,244.2 million, according to tentative data. They increased by 5.5% thanks to stable inflows from international partners and a decrease in the…
External power has been restored to Ukraine’s Zaporizhzhia Nuclear Power Plant (ZNPP) two days after it lost all access to off-site electricity due to Russia’s shelling, the International Atomic Energy Agency (IAEA) reports. On November 4, at around 22:00, the 750 kV power supply to all six units of the ZNPP had been re-established, and…
The Cabinet of Ministers will direct almost 90% of all taxes and fees paid by citizens and businesses next year to the Army and security needs. The budget deficit is planned to be closed thanks to the support of international partners. Prime Minister Denys Shmyhal announced this on Facebook, summarizing the Government’s work for the…
Chairman of the Verkhovna Rada of Ukraine, Ruslan Stefanchuk, said that the parliament adopted the wartime state budget, in which the lion’s share of expenditures was allocated for defense. “We are aware that this is a great responsibility, which is primarily related to war. And the budget that’s been adopted is a wartime budget. But…
During the drafting of the state budget for 2023, a moderately conservative macroeconomic forecast scenario was applied by the Government team. It anticipates a GDP growth by 3.2%, inflation at 28% and the average annual dollar exchange rate at about UAH 42, Prime Minister Denys Shmyhal said during the Government’s session on November 4. “I…
The Verkhovna Rada of Ukraine has approved at second reading and in its entirety the law “On the State Budget of Ukraine for 2023”. A total of 295 MPs voted for the relevant document, the Telegram channel of MP Yaroslav Zhelezniak says. In 2023, state budget revenues are projected at UAH 1.3 trillion and expenditures…
NEC Ukrenergo introduces restrictions on power supply in Dnipropetrovsk, Zaporizhia and Kirovohrad regions, the company’s press service reported via Telegram on November 2. The limitations will affect all categories of consumers, the report reads, “to maintain the stability of the power system”. Ukrenergo says that temporary controlled restrictions are required to reduce the load on…