The Ministry of Economy has submitted to the European Commission a report package on the implementation of the Ukraine Facility Plan for the fourth quarter of 2024 confirming the fulfilment of 13 key tasks. In particular, Ukraine adopted 4 laws and 7 strategic documents. The Ministry of Economy is the national coordinator of the Ukraine Facility programme. Its main task is to monitor the implementation of the Ukraine Plan and submit quarterly reports to the European Commission.
During his address, President of Ukraine Volodymyr Zelenskyy noted that he was informed by the Minister of Foreign Affairs of Ukraine Andrii Sybiha and the Minister of Agrarian Policy and Food Vitalii Koval about their negotiations in Syria with the new Syrian administration and in Lebanon with Lebanese businesses.
During the negotiations, the prospects of cooperation in this region, in particular in the spheres of security and trade, were discussed.
On December 20, the Executive Board of the International Monetary Fund (IMF) has completed the sixth review of the Extended Fund Facility (EFF) for Ukraine.
Since its launch, the Ukrainian Sea Corridor has facilitated the export of 79.1 million tonnes of goods, including 52.7 million tonnes of agricultural products.
The Ukrainian Sea Ports Authority reported this on October 31, the International Black Sea Day.
On October 30, the European Commission published its 2024 Enlargement Package Reports. It contains the European Commission’s assessment of the progress made by the candidate and potential candidate countries. Specifically, it highlights Ukraine’s progress.
As part of the EU Enlargement Package, the Annual Progress Report on Ukraine’s preparation and progress towards the political and economic criteria for EU accession is presented. It also includes an assessment of the approximation of national legislation to EU acquis in accordance with all negotiated chapters.
NOVAAGRO takes control of AgroGeneration
NOVAAGRO Ukraine LLC (“NOVAAGRO”), a Ukrainian agro-industrial group of companies that operates in several areas: production and export of sunflower oil and wheat flour, poultry farming, transport and storage of grains and oilseeds, has completed the off-market acquisition from Konkur Investments Limited (“Konkur”) of a total of 126,084,106 shares representing 56.90% of AgroGeneration’s share capital and voting rights, for a price of USD 0.036 per share (or € 0.033 per share based on today’s exchange rate). The transfer of shares was executed on October 30th, 2024.
Ukrainian farmers have already sown 5.7 million hectares of winter crops. Winter cereals are sown in all regions, in total, almost 4.7 million hectares (90%) have already been sown. Over 1 million hectares of winter rapeseed have been planted.
At its plenary session on 29 October, the Verkhovna Rada of Ukraine adopted in second reading the draft law on plea bargaining. This is an indicator under Ukraine’s Plan for the implementation of the EU’s Ukraine Facility programme, which aims to strengthen the anti-corruption infrastructure and improve legislation in line with international standards.
Ukraine is now a member state of the International Fund for Agricultural Development (IFAD). This prestigious organisation is the only UN agency fully focused on agricultural transformation, rural economic development and food systems. This was announced by Vitalii Koval, Minister of Agrarian Policy and Food of Ukraine.
The Minister of Agrarian Policy and Food of Ukraine, Vitalii Koval, took part in the forum of U.S.-Ukraine Business Council (USUBC), which took place on October 22, 2024, in Kyiv.
The event brought together key agricultural leaders for an engaging discussion on the future of Ukraine’s agricultural sector. Vitalii Koval, the newly appointed Minister of Agrarian Policy and Food of Ukraine, and Oksana Osmachko, Deputy Minister of Agrarian Policy and Food of Ukraine, shared their vision for 2025, touching on crucial topics like agribusiness opportunities, international cooperation, and the critical role of demining in Ukraine’s agricultural revival.
The meeting, co-moderated by Leonid Kozachenko, USUBC Senior Advisor and President of the Ukrainian Agrarian Confederation, and Greg Fishman, USUBC Secretary-Treasurer, offered valuable insights and fostered dialogue between government officials and business leaders about the path forward for Ukraine’s agricultural growth.