NBU sold $630.1M on interbank foreign exchange market last week
The National Bank of Ukraine (NBU) sold $630.1 million on the interbank foreign exchange market last week, Ukrinform reports, referring to data provided by the central bank.
Economy - Latest news
29 November 2021
Ukraine to receive EUR 200M of loans to improve public transport – Finance Ministry
Ukraine will receive EUR 200 million of loans from international financial organizations within the framework of the project Urban Public Transport of Ukraine II, Ukrinform reports, referring to the Finance Ministry’s press service.
EIB has invested more than EUR 7B in Ukraine
The European Investment Bank (EIB) has invested more than EUR 7 billion in Ukraine since 2007, including one billion last year.
Ukraine’s car imports grew by 40% - Ukrautoprom
In January-September 2021, 471,600 cars were imported to Ukraine, which is 40% more than in the same period last year and is a record high for this period, according to the Ukrainian Motor Vehicle Manufacturers Association (Ukrautoprom).
Bill on 2022 State Budget should be considered this plenary week – 1st deputy parliament chair
Oleksandr Kornienko, First Deputy Speaker of the Verkhovna Rada, insists that the draft law on the 2022 State Budget of Ukraine (No. 6000) should be considered as early as this plenary week, which will last from November 30 to December 3.
Shmyhal: Integration into ENTSO-E to ensure Ukraine's energy independence
The integration into the European network ENTSO-E will allow Ukraine to ensure energy independence from Russia.
Volume of aviation equipment sales may exceed UAH 300B by 2030 – Shmyhal
The volume of aviation equipment sales in Ukraine in the period up to 2030 is estimated at over UAH 300 billion, Prime Minister Denys Shmyhal wrote on Facebook.
26 November 2021
Zelensky names most successful reform in Ukraine over last 50 years
President of Ukraine Volodymyr Zelensky named the ongoing infrastructure reform in Ukraine the largest and the most successful one over last 50 years.
Ukraine, Russia did not discuss extension of gas transit contract - Zelensky
Ukraine and Russia did not hold any substantive meetings to discuss increasing gas transit or extending the existing gas transit contract, Ukrainian President Volodymyr Zelensky has said.
Galushchenko discusses funding for decarbonisation projects with EBRD leadership
Minister of Energy of Ukraine German Galushchenko met with the leadership of the European Bank for Reconstruction and Development, during which he discussed the prospects for EBRD investments in the decarbonisation projects in Ukraine.
IMF outlines Ukraine’s losses due to Nord Stream 2 operation
Once Nord Stream 2 is operational, Ukraine’s transit revenues could fall to $1.2 billion per year.
25 November 2021
Ukraine PM, EBRD reps discuss creation of quality stock market infrastructure in Ukraine
Ukrainian Prime Minister Denys Shmyhal and representatives of the European Bank for Reconstruction and Development have discussed the creation of a quality stock market infrastructure in Ukraine, the strengthening of the banking sector and the implementation of energy efficiency projects, the Ukrainian government's press service has said.
Three new airports will be built in Ukraine - Zelensky
The establishment of a national airline, the construction and reconstruction of airports and the revival of Ukrainian aircraft construction are major goals for the government in the coming years, Ukrainian President Volodymyr Zelensky has said.
Passenger flow at Boryspil Airport may reach 9.5M in 2021
Passenger traffic at Boryspil International Airport is expected to reach 9.5 million passengers in 2021.
Convention on joint transit to open 35 countries for Ukrainian business – Finance Ministry
Ukraine's accession to the Convention on a Common Transit Procedure and the NCTS system will open more than 35 countries for Ukrainian business.
Government launches Bureau of Economic Security
The Cabinet of Ministers has launched the work of the Bureau of Economic Security.
Ukraine, Airbus sign memorandum to create Ukrainian National Airlines
The Ukrainian Infrastructure Ministry has signed a memorandum with Airbus on the intention to cooperate in establishing a national airline in Ukraine.
Banks issued UAH 987M of loans under Affordable Mortgage program
Some 1,135 loan agreements have been already signed for a total sum of UAH 987.06 million under the government program “Affordable Mortgage at 7%”, Ukrinform reports with reference to the Finance Ministry’s press service.
Ukraine mulls slashing VAT rate for domestic flights
The Ministry of Infrastructure of Ukraine has proposed to reduce the VAT rate for domestic air transportation services from 20% to 7%.
Ukraine transported more than 3 trillion cubic meters of gas to Europe over 30 years - GTSOU
Ukraine has transported more than three trillion cubic meters of gas to European countries over the past 30 years, which corresponds to almost annual consumption of natural gas by all the countries of the world.
Zelensky announces establishment of Ukrainian National Airlines
Ukrainian President Volodymyr Zelensky has announced the establishment of a new state airline that will be called Ukrainian National Airlines (UNA).
Ukraine's Bureau for Economic Security will start operating by end-Dec – memo with IMF
Ukraine's Bureau for Economic Security will become operational by the end of December 2021.
IMF downgrades forecast for Ukraine's GDP growth by 0.3% in 2021
The International Monetary Fund (IMF) has downgraded Ukraine's real GDP growth forecast by 0.3% in 2021 compared to its previous forecast released in October, according to a report published by the Fund following the review under the Stand-By Arrangement for Ukraine, Ukrinform reports.
Venediktova meets with World Bank delegation
Prosecutor General of Ukraine Iryna Venediktova and representatives of the World Bank have discussed the cooperation in the field of returning assets illegally withdrawn from Ukraine and the fight against corruption.
Ukraine vows to fulfill 12 conditions to receive next IMF tranches
The Government of Ukraine has committed to implementing 12 major “structural benchmarks” to receive IMF funding within the current Stand-By Arrangement, which the Fund extended until June 2022.
24 November 2021
Ukraine gets $699M as second tranche from IMF – NBU governor
Ukraine has received the second tranche from the International Monetary Fund under the Stand-By Arrangement in the amount of SDR 500 million (equivalent to $699 million).
Government approves draft agreement on raising funds for energy efficiency measures
The Cabinet of Ministers has approved a draft loan agreement (EUR 25.5 million) and a grant (EUR 1 million) between the Government of Ukraine and the German state-owned development bank KfW (Kreditanstalt für Wiederaufbau) for the implementation of energy efficiency measures.
Investors are ready to pour money into Ukrainian sustainable business – UBTA
International investors are ready to pour money into the sustainable business but the market for "green" financing in Ukraine is still being formed.
Stefanishyna: Ukraine supported number of international initiatives at COP26
During the COP26 UN Climate Change Conference in Glasgow, Ukraine supported a number of international initiatives, which will help implement the second Nationally Determined Contribution (NDC2).
Energy efficiency program to become part of Great Construction - Shmyhal
Next year the Great Construction project will include a program on raising energy efficiency, Prime Minister Denys Shmyhal has said.