Last week, Deputy Minister of Finance of Ukraine Olga Zykova met with IFC’s Country Manager for Ukraine and Moldova Lisa Kaestner. The parties discussed the mechanisms for attracting private investments in Ukraine’s recovery as well as the priority areas of cooperation. Olga Zykova thanked IFC for the joint work on the implementation of initiatives to…
The Ukrainian Economy Ministry expects Ukraine’s gross domestic product to grow to 4% this year, First Deputy Prime Minister, Minister of Economy Yulia Svyrydenko has said at the YES 2023 Yalta European Strategy Forum. “We predict that the inflation rate will continue to slow in the coming years. All institutions are revising their GDP growth…
The Ukrainian economy is being shaped in three dimensions: the wartime economy, the recovery economy and the economy of the future. This was stated by Prime Minister Denys Shmyhal in a statement at the Yalta European Strategy in Kyiv. “The wartime economy is working. The recovery economy has been successfully launched and is gaining momentum.…
At its last meeting, the Government amended the rules for public procurement during martial law. In particular, it was decided that for procurements over UAH 50,000, it was necessary not only to publish a report on the contract concluded without the use of the electronic procurement system, but also to provide a justification for the…
On September 7, representatives of the Ministry of Finance of Ukraine and the World Bank reviewed the World Bank’s project portfolio. The review was led by Deputy Minister of Finance of Ukraine Olga Zykova and World Bank Manager in Ukraine Gevorg Sargsyan. The review took place for the first time since 2021. In total, the…
The financial infrastructure of the Three Seas Initiative (3SI), in particular the 3SI Investment Fund, can play an important role in securing investment in long-term projects in Ukraine. And 3SI risk insurance through export credit agencies and DFI project financing will allow companies from the Three Seas Initiative countries to make greater inroads into the…
The situation in the power grid was stable on September 7: the electricity generated by domestic power plants is enough to meet the needs of consumers. Power engineers continue to prepare the power system for the heating season, which may be affected by russian attacks. A large-scale repair campaign is underway at thermal, hydro and…