Ukrainian PM lists Ukraine’s main economic achievements in 2022

2 January, 12:41 PM
Denys Shmyhal (Photo:Денис Шмигаль / Facebook)

Denys Shmyhal (Photo:Денис Шмигаль / Facebook)

Ukrainian Prime Minister Denys Shmyhal, summing up the results of 2022, has listed Ukraine’s main achievements in the economic sphere.

“Ukraine entered the year 2023 resolute, invincible, united in its desire to defeat the enemy and liberate its land,” he wrote on Facebook on Jan. 1.

“And we’ll definitely do it.”

According to Shmyhal, the government and all Ukrainians laid a solid foundation for victory last year.

In particular, he noted the following economic achievements:

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— (Ukraine) maintained control over economic and financial processes;

— attracted $31.2 billion in support from international partners. These are mainly funds from the United States, the European Union and the International Monetary Fund, of which 45% are grants;

— two-third of all budget funds are Ukraine’s internal resources. “Everyone who paid taxes, duties, bought war bonds contributed to our victory,” the prime minister said;

— improved existing and launched new business support programs: preferential loans of 5-7-9%, eRobota grants (for opening or developing a business), portfolio guarantees;

— cancelled almost all business inspections, transferred the majority of permits and licenses to the declarative principle, set the single tax rate at 2%;

— relocated more than 700 enterprises to safe territories, saving thousands of jobs;

— helped to open access for Ukrainian goods to new markets: the EU, the United Kingdom, Canada and Australia cancelled import duties for Ukraine’s exporters;

— UAH 80 billion ($2.1 billion) of credit funds were allocated to farmers; helped them sow and harvest more than 60 million tons;

— 15 million tons of agricultural products were exported thanks to the “grain initiative,” while another 10 million tons were exported through the Danube ports;

— the import of fuel increased tenfold compared to March, which quelled the fuel crisis.

Shmyhal separately noted the following in the field of energy:

— the grid system withstood 10 major attacks and dozens of smaller ones;

— (Ukraine) attracted $1.5 billion for its restoration. New equipment and generators arrive in Ukraine every day;

— joined the European Network of Transmission System Operators (ENTSO-E) ahead of schedule;

— 14.5 billion cubic meters of gas and 1.5 million tons of coal were in stock at the beginning of the heating season, there are opportunities to replenish the resource;

— (Ukraine) has created more than 11,000 Invincibility Centers throughout Ukraine, the network is constantly expanding.

“The enemy won’t leave us without electricity,” Shmyhal said.

“We will not only endure, but also make our power system more modern and reliable.”

The prime minister also mentioned the following achievements in the field of social policy:

— the state fulfilled all obligations to citizens;

— UAH 30 billion ($820.3 million) were paid out under the eSupport program;

— 11 million pensioners are receiving pensions, which were indexed and increased by 16%;

— internally displaced people received UAH 53 billion ($1.4 billion);

— the government did not raise utility tariffs, and 2.5 million families are charged with housing subsidies.

“The state helps those who really need it, while simultaneously creating conditions for the self-realization of Ukrainians,” Shmyhal added.

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