In August 2024, Ukraine's economy grew by 3. 5% year-on-year. The main growth drivers were industry, transportation, construction and domestic trade.
Ukraine and Guatemala considered the possibility of strengthening economic cooperation, including the conclusion of a free trade agreement. Guatemala actively supports Ukraine in international initiatives and coalitions.
The Ministry of Economy of Ukraine has created a dashboard to track the implementation of Ukraine's plan under the EU's Ukraine Facility program. The dashboard allows the government, partners, and the public to monitor the progress of the indicators.
Ukraine and the Dominican Republic agreed to strengthen economic cooperation. They discussed the prospects for increasing trade and the possibility of turning the Dominican Republic into a logistics hub for Ukrainian exports in the region.
About 160,000 employees of critical enterprises have booked through the Diia portal. The total number of booked employees is 770 thousand, with the highest number in Kyiv, Dnipro and Lviv regions.
Since the beginning of 2024, Ukrainian entrepreneurs have received 14,645 soft loans worth UAH 55. 2 billion under the 'Affordable Loans 5-7-9%' program. Most of the funds have been allocated to agriculture and manufacturing.
Oschadbank has signed the first loan agreement in Ukraine for the installation of a gas reciprocating power plant under the '5-7-9%' program. The loan of UAH 28.7 million was granted for 5 years at 9% per annum for the installation of a 2.5 MW generator.
Turkey ratified the free trade agreement with Ukraine signed in February 2022. This is expected to increase bilateral trade from $7.3 billion to $10 billion in a short period of time.
Ukraine hopes for Turkey's active participation in ensuring food security and navigation safety in the Black Sea. The parties also discussed the ratification of the Free Trade Agreement and strengthening economic cooperation.
The Ministry of Economy has transferred the process of obtaining export licenses to an electronic format. The submission of documents has been simplified, the list of documents has been shortened, and application and license forms have been updated.
The Ukrainian government plans to raise an additional UAH 500 billion to finance defense. 75% of the funds will be raised through domestic borrowing and budget overruns, and 25% will be raised through revised tax policy.
The President thanked the manufacturers for supporting the economy and discussed energy and security issues. Volyn entrepreneurs will receive UAH 1.6 billion in support under the 'Made in Ukraine' platform.
President Zelenskyy met with business representatives in Poltava region. He thanked entrepreneurs for their contribution to the economy and promised to strengthen the region's air defense.
The Ministry of Economy of Ukraine has introduced a new online platform, Pulse, to collect business feedback on interaction with government agencies. The platform is in beta testing mode and allows you to evaluate the work of 22 government agencies.
U. S. Special Representative Penny Pritzker met with Ukrainian officials to discuss economic recovery. Opportunities for U.S. companies and the importance of reforms in Ukraine to attract investment were discussed.
Ukraine's Minister of Economy Yulia Svyrydenko met with American partners. They discussed investment, financial support, preferential lending and the removal of anti-dumping duties on Ukrainian steel products.
Since the beginning of the year, 5,000 employers have applied to employment centers to train the unemployed. The employment rate after vocational training is 85%, and the main result is employment in a new profession.
Yulia Svyrydenko announced the creation of Supervisory Boards in the vocational education centers of the Employment Service by the end of the year. The boards will be composed of business representatives to better align training programs with the needs of the labor market.
Ukreximbank signed an agreement to provide state support to industrial parks. The program provides for infrastructure financing and compensation for grid connection costs, with a budget of UAH 1 billion for 2024.