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MInistry of Economic Development

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The Ministry of Economic Development in Ukraine has been actively engaged in several key initiatives, impacting the nation's economy, labor market, and international trade relations. The number of mine action operators has surged to 80, from just 28 in 2023, enhancing mine clearance efforts crucial for public safety. Major steps have been taken toward Ukraine's integration into the European labor market with the adoption of the EURES Action Plan. This ministry is also involved in the military exemption services offered via the Diia portal, reinstating available services. A focus on technological advancement is evident as drone manufacturers can now avail of state grants covering 80% of their project costs, facilitating innovation in defense and technology sectors. Economic strategies have started yielding results, with a marked GDP growth attributed to early agricultural yields. Meanwhile, 8 million economically inactive individuals are a focal point for reintegrating into the workforce. These initiatives represent a concerted effort by the ministry to stabilize and grow Ukraine's economy amidst ongoing challenges.
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News MInistry of Economic Development

Deputy Minister of Economy Ihor Bezkaravaynyi Number of mine action operators in Ukraine has increased to 80 - Ministry of Economy In Ukraine, the number of mine action operators has increased to 80 mine action operators, while at the beginning of 2023 there were only 28. 482 2

Diia Military exemption service on Diia portal is available again - Ministry of Economy The military exemption service on the Diia portal is available again. 1 097 9 Previously in trend: mobilization

Funds for weapons and equipment for the DIU Government allocates UAH 150 million for procurement of weapons and equipment for DIU The Cabinet of Ministers of Ukraine has allocated UAH 150 million from intellectual property fees for the purchase of weapons and equipment for the Defence Intelligence of Ukraine. 697 5

військовий,квиток Deferrals issued by Ministry of Economy and through Diia will be canceled on February 28, 2025, - Cabinet of Ministers decree (updated) The Cabinet of Ministers has issued a resolution to change the validity of the deferrals from mobilisation issued by the Ministry of Economy and through Diia, which will expire on 28 February 2025. 22 210 51

Трудова книжка About 8 million people in Ukraine are neither working nor looking for work - Ministry of Economy One of the government's priorities is to return economically inactive Ukrainians to the labor market, which is currently about 8 million people in the country. 16 183 128

єс,євросоюз,євроінтеграція Ukraine begins to prepare for integration into European labor market The Cabinet of Ministers has approved the Action Plan for joining the European Network of Employment Services (EURES). 10 0

машина для розмінування "Змій" Ukrainian demining machine "Zmii" successfully passes tests Rover Tech's Ukrainian mine-clearing vehicle Zmii has successfully passed tests at a training ground and received a certificate of conformity. It can operate in low and medium vegetation and is capable of destroying anti-personnel and anti-tank mines, as well as removing tripwires. 4 513 13

деньги,ввп,гроші Ukraine’s GDP growth accelerated due to early start of harvesting - Ministry of Economy Ukraine's GDP growth in July 2024 compared to July last year amounted to 2.7%, which is better than the June figure of 1.1%, but worse than the May and April figures of 3.7% and 4.3%, accordingly. 15 0

Кабмін готується впровадити економічне бронювання Government is preparing to launch economical booking that can start working as early as October - Zheleznyak The government is working on a mechanism to introduce economic booking from mobilisation. It is planned to be launched in October-November 2024. 6 355 38

Скільки чоловіків заброньовано Of all 615,000 people booked, only 5% work in defense-industrial complex - Ministry of Economy The most reserved men work in the energy industry. 9 752 99 Previously in trend: mobilization

свириденко I am canceling reservation order, we will deal with it - Svyrydenko on deferment of conscription for employees of Glovo and Favbet Tech After a public outcry, Economy Minister Yuliia Svyrydenko canceled the order to reserve employees of Glovo, Visa, and Favbet Tech. 25 802 118 War in Ukraine

безпілотник,дрони Drone manufacturers will be able to receive grants from government on preferable terms Companies that manufacture drones will be able to receive a grant from the state in the amount of 80% of the cost of the submitted project. The preferential regime for granting grants to such manufacturers will apply throughout the controlled territory of Ukraine. 668 3 Incidents

свириденко,данія Denmark to provide Ukraine with over €420 million for reconstruction and energy Ukraine and Denmark signed a memorandum on long-term cooperation and reconstruction of Ukraine. 381 0 World

військовий,мобілізація,квиток Model of "salary" booking is still at stage of interagency discussion - Ministry of Economy The Ministry of Economy reported that the booking model, including the "salary" model, is under interagency discussion. 4 172 44 Previously in trend: mobilization

прозоро Prozorro discloses information on non-armed defense procurement, - Ministry of Economy Since April 23, a new function has become available in the Prozorro system - the display of information on non-armed defense purchases. From now on, defense customers and military units will start publishing information on unit prices in their non-arms purchases. Such an obligation is provided for by the new version of the Law "On Defense Procurement". 1 878 13 Economics

свириденко Fall in Ukraine’s GDP slowed down thanks to improvement of energy sector, - Svyrydenko The fall in the gross domestic product (GDP) of Ukraine in February 2023 amounted to 26% (2%), which is better than the indicator of January - 32% (2%). 948 11 Previously in trend: War

ввп,падіння Ukraine’s economy shrank by 30.4%. This is biggest drop since independence, - Ministry of Economy In 2022, Ukraine’s GDP fell by 30.4% (2%). This is the largest reduction during the entire period of independence of Ukraine. 3 775 35 Economics

експорт,росія Ukraine has completely banned export of goods to Russia The Cabinet of Ministers of Ukraine adopted the resolution "On the prohibition of the export of goods from Ukraine to the customs territory of the Russian Federation". The Government made the relevant decision at a meeting on September 27. 3 916 47 Previously in trend: War

гривня,гроші In Cabinet of Ministers expect that in 2023 dollar exchange rate will reach 50 UAH, and inflation will be 30.6% - macro-forecast The government expects that in 2023 the dollar exchange rate will reach 50 UAH, and the consumer price index will be 30.6%. 10 985 82 Previously in trend: War

украина,экономика Economy will start to grow next year, - Minister of Economy Svyridenko The Cabinet of Ministers expects that the economy of Ukraine will stabilize in the near future, and next year it may grow by 15.5%. However, it depends on the events in the war against the Russian Federation. 5 205 69 Economics

Economy minister says Ukraine will receive IMF tranche this year Economy minister says Ukraine will receive IMF tranche this year First Deputy Prime Minister – Minister of Economy Oleksiy Lyubchenko has said that the Economy Ministry expects that Ukraine will receive a tranche from the IMF this year, but if this does not happen by the end of the year, this will not affect Ukraine. 2 415 34 Economics

Shmyhal submits motion to appoint three ministers Shmyhal submits motion to appoint three ministers Ukrainian Prime Minister Denys Shmyhal has tabled in the Verkhovna Rada a motion to appoint the ministers of infrastructure, health care and economy, his spokeswoman, Olha Kuryshko, has told. 2 259 3 Ukrainian Politics

Wuhan coronavirus to have minimum effect on Ukraine Wuhan coronavirus to have minimum effect on Ukraine's economy – ministry The Wuhan coronavirus will have a minimum effect on the economy of Ukraine due to low international tourist inflow in the country, Economic Development, Trade and Agriculture Minister of Ukraine Tymofii Mylovanov has said. 1 310 27 Previously in trend: Coronavirus from China

Minister Mylovanov: Taras Kachka will become Ukraine’s trade representative Minister Mylovanov: Taras Kachka will become Ukraine’s trade representative Minister for Economic Development, Trade and Agriculture Tymofiy Mylovanov has confirmed that ex-Foreign Minister Taras Kachka will become his deputy and Ukraine’s trade representative. 2 777 35 Economics

Ukraine imposed 12 restrictive measures against Russian goods, Deputy PM Kubiv says Ukraine imposed 12 restrictive measures against Russian goods, Deputy PM Kubiv says Deputy Prime Minister, Minister of Economic Development and Trade, Stepan Kubiv, says Ukraine has taken defensive action in the form of a number of trade measures against the Russian Federation. 10 554 34 Economics

экономика Shadow economy share dropped to 34 percent of GDP in 2016, - Ministry of Economic Development In 2016, the level of shadow economy in Ukraine reached 34 percent of the official GDP, which is by 6 percentage points lower than in 2015. 9 165 92 Previously in trend: Shadow economy

минэкономразвития Ukraine imposes new anti-dumping duties on Russia imports, - Ministry of Economic Development Ukraine's interdepartmental commission for international trade has decided to introduce anti-dumping measures against Russian imports and launch a probe into the import of certain Russian products. 33 705 63 Previously in trend: Trading Wars

пасха Price of homemade Easter cake grew by one third in 2017, - Ministry of Economic Development. INFOGRAPHICS The so-called 'Paska Index' shows that ingredients for 'paska' (Easter cake) became more expensive than in 2016. 17 452 125 Previously in trend: Easter

Ukraine lost $13B in export revenues over war in Donbas, Crimea occupation, - Economic Development Ministry The Ministry of Economic Development and Trade of Ukraine estimates export losses due to the armed conflict in the Donbas and Russia's occupation of Crimea at $13 billion. 10 544 51 Previously in trend: Occupied territories - Crimea and Donbas

омелян "Hroisman, Kistion, Dubnevych have been Balczun’s best friends since July 2016," – Ukraine’s infrastructure minister Ukrzaliznytsia transfer under jurisdiction of the Ministry of Economic Development and Trade stems from the desire to get rid of the "permanent stimulus." 38 912 141 Ukrainian Politics

Ukraine has bought no gas from Russia for more than five months, - Deputy Economy Minister Kovaliv Ukraine has not purchased natural gas from Russia's gas monopolist Gazprom for more than five months now as it is more profitable for the country to import the fuel from Europe. 17 307 114 Economics

Ukraine and Turkey agree on FTA negotiations soonest conclusion, - Trade Commissioner Mykolska Ukraine and Turkey have agreed to finalize as soon as possible the negotiations on the free trade area (FTA) agreement conclusion on balanced and mutually advantageous conditions. 3 964 27 Ukrainian Politics

First Deputy Economy Minister Kovaliv to chair Naftohaz Supervisory Board First Deputy Minister of Economic Development and Trade of Ukraine Yuliia Kovaliv has been elected head of the Naftohaz Ukrainy Supervisory Board. 5 522 49 Ukrainian Politics

U.S. hopes for development of joint defense production with Ukraine, - Pyatt The United States hopes to continue cooperation with Ukraine, as well as joint production in the defense sector. 22 218 131 Previously in trend: Defense

Ministries and major state-owned companies to make purchases via ProZorro from now on All ministries, agencies, and large state-owned enterprises must make their purchases through the ProZorro electronic public procurement system from April 1 in connection with the entry of the Law "on public procurement", into force. 14 810 26 Economics

Ukraine's GDP in Q4 2015 increased by 2 percent, - Deputy Economy Minister Kovaliv According to the Ministry of Economic Development and Trade, Ukraine's gross domestic product rose by 2 percent in the last quarter of 2015. 6 599 65 Economics

Abromavicius to bear testimony to NABU today, - Economy Ministry The Ministry of Economic Development and Trade of Ukraine informs that Aivaras Abromavicius plans to come to the National Anti-corruption Bureau of Ukraine to give testimony today. 5 506 24 Previously in trend: Abromavicius-Kononenko scandal

бурбак "I hope Abromavicius retracts resignation," - MP Burbak People's Front parliamentary faction chairman Maksym Burbak hopes Minister of Economic Development and Trade Aivaras Abromavicius will withdraw his resignation. 13 078 88 Previously in trend: Abromavicius-Kononenko scandal

гройсман Ukraine facing serious political crisis, - Hroisman on Abromavicius' resignation The National Anti-Corruption Bureau should publicly, clearly, and quickly react to the charges voiced by Minister of Economic Development and Trade Aivaras Abromavicius against Poroshenko Bloc faction first deputy chairman Ihor Kononenko. 43 710 210 Previously in trend: Abromavicius-Kononenko scandal

кононенко Kononenko on Abromavicius' statement: It's laying his own fault on someone else Today's statement of resignation by Minister of Economic Development and Trade Aivaras Abromavicius is emotional. 18 901 142 Ukrainian Politics

абрамавичус Economy Minister Abromavicius resigns in stalemate over reforms Minister of Economic Development and Trade of Ukraine Aivaras Abromavicius is set to resign. 120 937 555 Economics

таможня Ukraine's exports to third countries face new Russian restrictions Russia has imposed new restrictions banning Ukrainian exports to third countries through the territory of the Russian Federation. 31 748 75 Economics

эмбарго Cut in exports to Russia may result in up to $600 million losses, - Ministry of Economic Development and Trade Due to embargo imposed by the Kremlin and a drop in exports to the Russian Federation, Ukraine's lost revenues may range from $450 million to $600 million. 43 131 351 Economics

Complete transition to ProZorro procurement system will annually save at least 30 billion hryvnia, Deputy Defense Minister says Ukrainian lawmakers adopted the law "On public procurement" Thursday, Dec. 24. It completely changes the rules of the game on the public procurement market. 4 918 12 Ukrainian Politics

отмена гост 13,000 Soviet state standards abolished in Ukraine, - Deputy Economy Minister Nefiodov The Ministry of Economic Development and Trade of Ukraine has canceled almost 13,000 Soviet state standards which had been developed before 1992. 30 637 209 Ukrainian Politics

абромавичус abromavicius "Privatization was voted down 10th time! Split-up continues!" - Abromavicius commented on voting in parliament Tuesday, Dec. 8, Ukrainian lawmakers have once again voted down the legislation of the bill No.2319a, which should kick off the privatization of major facilities. 35 458 101 Ukrainian Politics

Abromavicius: Ukraine will have most advanced electronic procurement system in Europe before 2017 There will be Europe’s best public e-procurement system in Ukraine the beginning of 2017. 6 664 103 Ukrainian Politics

Ukraine to lose $600 million next year over Russia’s food embargo, - PM Yatseniuk Ukraine will lose $600 million in 2016 due to the food embargo imposed by Russia. 40 682 461 Economics

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