In January, businesses maintained their business performance expectations at the level of the previous year due to seasonal factors, the difficult security situation and rising production costs. This is evidenced by the business activity expectations index (BAEI), which the National Bank of Ukraine (NBU) calculates on a monthly basis. “The BAEI was 41.0 in January…
The International Atomic Energy Agency (IAEA) has inspected nine substations essential to the operation of Ukraine’s nuclear power plants, assessing the situation as quite critical. IAEA Director General Rafael Grossi made this statement during his visit to one of the substations. Grossi emphasized that nuclear power plants not only generated electricity but also required a…
On February 3, a Memorandum of Understanding on cooperation was signed between the Ukrainian Defence Industry and the Polish Armaments Group (PGZ). The document outlines the framework cooperation agreements between the defence industries of both countries. In particular, it covers the production of ammunition, maintenance of armoured vehicles and artillery, and strengthening of air defence.…
Ukrainians are already receiving more than 600 different types of medicines and medical products free of charge or with a small surcharge under the Affordable Medicines programme. This was announced by Prime Minister Denys Shmyhal at a meeting of the Cabinet on February 4. He stressed that last year the Government expanded the programme and…
Deputy Minister of Finance of Ukraine Olga Zykova took part in the meeting of the Administrative Council of the Council of Europe Development Bank (CEB) as the official representative of Ukraine. The event was held in Paris, France. During the meeting of the Administrative Council of the Bank, a new EUR 50-million project for Ukraine…
On January 31, First Deputy Minister of Economy Oleksii Sobolev chaired the first meeting of the Project Preparation Unit for Public Investment Projects (PPU). The working group will serve as an advisory body to the Cabinet of Ministers of Ukraine. It will act as the interface between the Public Investment Management (PIM) system and the…
The National Bank of Ukraine (NBU) expects a gradual decline in external financial support over the forecast horizon as the economy stabilizes. This is said in the NBU’s January 2025 Inflation Report. “Significant amounts of external financial assistance from international partners are expected to remain with a gradual decline over the forecast horizon as the…