NBU: Cash in circulation exceeds UAH 592B
As of October 1, cash in circulation in Ukraine totaled UAH 592.2 billion, including 2.9 billion banknotes worth UAH 587.7 billion and 13.9 billion coins worth UAH 4.4 billion.
Economy - Latest news
20 October 2021
Ukrainian GTS ready to ensure long-term transit of gas to Europe - operator
The Ukrainian gas transmission system is ready to provide long-term gas transit to Europe but at the same time, a long-term contract is needed to maintain the system.
More than 1.1M tourists from Ukraine visited Antalya this year
Between January and September 2021, more than 1.1 million tourists from Ukraine visited Antalya Province.
Verkhovna Rada approves laws to strengthen independence of National Bank
The Verkhovna Rada of Ukraine has adopted a package of laws on the National Bank of Ukraine (NBU), which is fundamentally important for further cooperation between Ukraine and the International Monetary Fund (IMF).
Finance Ministry places government bonds for UAH 2.1B
The Ministry of Finance raised UAH 2.15 billion to the state budget at an auction for the placement of domestic government bonds, according to the ministry's press service.
British Ambassador gets acquainted with promising investment projects in Ternopil region
Ambassador Extraordinary and Plenipotentiary of the United Kingdom to Ukraine Melinda Simmons, who is on a working visit to Ternopil region, praised the partnership between the two countries.
19 October 2021
SBI checking Medvedchuk's involvement in Russian diesel fuel imports at reduced prices
Ukraine's State Bureau of Investigation is checking reports on the supply of diesel fuel from Russia to Ukraine at reduced prices by entities affiliated with Ukrainian MP Viktor Medvedchuk, the SBI's press service has reported.
Land market is developing, but needs further support - Minister Leshchenko
The Ministry of Agrarian Policy and Food and the State Service of Ukraine for Geodesy, Cartography and Cadastre have signed a tripartite Memorandum of Cooperation with the National Agency on Corruption Prevention.
Naftogaz interested in developing biogas and hydrogen production
NJSC Naftogaz of Ukraine intends to develop biogas and hydrogen production, according to Naftogaz CEO Yuriy Vitrenko.
Oschadbank gets UAH 849M in net profit in Jan-Sept 2021
The net profit of JSC Oschadbank reached UAH 849 million in January-September 2021, according to the bank’s press service.
Ukraine’s electricity exports decreased 2.8 times last week
Ukraine’s electricity exports totaled 31.7 million kWh between October 11 and October 17, which is 2.8 times less than in the previous week, Ukrinform reports, referring to the press service of NEC Ukrenergo.
Ukraine to export breeding cattle to Libya - MFA
Ukraine will export breeding cattle to Libya, according to the Ministry for Foreign Affairs of Ukraine.
Deposit Guarantee Fund paid UAH 353.6M to depositors of insolvent banks in September
In September 2021, the Deposit Guarantee Fund paid UAH 353.6 million to depositors of insolvent banks within the guaranteed refund program, according to the Fund’s press service.
Businesses improve their expectations for economic development – NBU survey
In the third quarter of 2021, businesses have improved their expectations for total sales of own production, investment costs for construction and the number of employees at enterprises.
PM Shmyhal explains why IMF giving Ukraine nearly $700M
After the Government of Ukraine and the International Monetary Fund’s team reached a staff-level agreement, the first revision of the Stand-By Arrangement is set to start.
Zelensky signs amendments to 2021 budget, raising defense, social expenditures
President Volodymyr Zelensky has signed the law amending the country’s State Budget 2021, passed by the Verkhovna Rada on October 8.
IMF, Ukraine reach staff-level agreement on $700M loan
The International Monetary Fund and the Government of Ukraine have reached a staff-level agreement on the first review of the Stand-By Arrangement and allocating a nearly $700 million tranche for Ukraine.
18 October 2021
Naftogaz applies for participation in Nord Stream 2 certification
NJSC Naftogaz of Ukraine has submitted an application to the German regulator for participation in the certification of the Nord Stream 2 gas pipeline.
German supermarket chain Lidl preparing to enter Ukraine
Germany's supermarket chain Lidl, owned by the largest European retailer Schwarz Group, is preparing to start operations in Ukraine, Ukrinform reports, citing the Lebensmittelzeitung news site.
Ukraine’s GDP grew by 2.9% in Jan-Aug 2021 – Economy Ministry
Ukraine’s gross domestic product (GDP) grew by 2.9% in January-August 2021, according to data provided by the Ministry of Economy.
Fitch upgrades Ukreximbank’s viability rating
The international credit rating agency Fitch Ratings has upgraded JSC State Export-Import Bank of Ukraine's (Ukreximbank) Viability Rating (VR) and affirmed the bank's Long-Term Issuer Default Ratings (IDRs).
Ukraine’s coal stocks decreased by almost 6% over past week
As of October 18, there were 752,900 tonnes of coal stocks in the warehouses of Ukrainian thermal power plants (TPPs) and combined heat and power plants (CHPPs), which is 5.9% less compared to October 11, according to data provided by the Ministry of Energy.
Court acquits ex-Infrastructure Minister Omelyan
Ukraine's High Anti-Corruption Court has acquitted former Infrastructure Minister Volodymyr Omelyan in the case of a reduction in port dues.
NBU provides UAH 50M in refinancing to one bank
The National Bank of Ukraine (NBU) provided UAH 50 million in refinancing to one bank, Ukrinform reports, referring to the central bank’s press service.
NBU purchased $119.6M on interbank foreign exchange market last week
The National Bank of Ukraine (NBU) purchased $119.6 million on the interbank foreign exchange market last week, Ukrinform reports, referring to data provided by the central bank.
16 October 2021
Ukraine has huge potential for biogas production – Naftogaz CEO
Ukraine has a huge potential for large-scale biogas production so that to ensure its energy independence, CEO of NJSC Naftogaz of Ukraine Yuriy Vitrenko has said.
15 October 2021
Gazprom reduced gas transit through Ukraine three times this year - GTSOU
Russia's gas monopoly Gazprom reduced natural gas transit through the Ukrainian gas transmission system three times this year, according to Sergiy Makogon, CEO of the Gas Transmission System Operator of Ukraine (GTSOU).
G7 ambassadors, NBU governor discuss fulfillment of IMF program commitments
The ambassadors of the G7 countries and the governor of the National Bank of Ukraine, Kyrylo Shevchenko, have discussed the fulfillment of IMF program commitments and plans to continue the reform of the banking sector, according to the Twitter account of the UK Presidency of the G7 Ambassadors' Support Group in Kyiv.
14 October 2021
Ukraine may receive next IMF tranche by year-end
Ukraine may receive the next IMF tranche worth about $1.4 billion in October-December.
Shmyhal invites Swedish companies to implement joint projects in Ukraine
Prime Minister of Ukraine Denys Shmyhal invited Swedish companies to implement joint projects in Ukraine.