SkyUp resumes flights to Yerevan
Ukraine’s SkyUp Airlines has resumed flights from Kyiv to Yerevan (Armenia), which were suspended due to the conflict in Nagorno-Karabakh, the airline's press service reports.
Economy
PM Shmyhal: Measures to support business during quarantine to be finalized this week
This week, the Ministry of Economic Development, Trade and Agriculture will finalize indicators on the support for industries affected by the coronavirus quarantine restrictions.
Alpari analyst: Moderate growth in U.S. dollar exchange rate expected this week
Moderate growth in the U.S. dollar exchange rate against the hryvnia is expected this week, according to Vadym Iosub, a senior analyst at Alpari analytical company.
NBU joins sustainable banking network
The National Bank of Ukraine (NBU) has joined a sustainable banking network (SBN), which brings together financial regulators and banking associations from developing countries, the Bank’s press service reports on Facebook.
Passenger traffic in Ukraine decreased by 2.2 times
The number of passengers served by Ukrainian transport companies in January-October 2020 decreased by 53.7% (2.2 times) compared with the relevant period in 2019, to 41.8 billion passenger-kilometers, according to the data provided by the State Statistics Service of Ukraine.
21 November 2020
Stand-By Arrangement: Shmyhal, Kammer discuss implementation of structural beacons
Prime Minister of Ukraine Denys Shmyhal discussed with Director of the European Department at the International Monetary Fund Alfred Kammer the implementation of structural beacons provided for in the IMF-Ukraine Memorandum under the Stand-By Arrangement.
20 November 2020
Ukraine’s agricultural price index totaled 117.8% in Q3 2020
In the third quarter of 2020, the price index of agricultural products sold by Ukrainian agricultural enterprises amounted to 117.8% compared to January-October last year, the Ukrainian State Statistics Service has reported.
Exports of goods from Ukraine to EU down 16% in nine months
Exports of goods from Ukraine to the European Union shrank by 16.3% in January-September 2020 year-over-year, to $13.06 billion, whereas imports from the EU decreased by 10.5%, to $16.44 billion, Ukraine's State Statistics Service has reported.
Ukrainian farmers gathered grain crops from 95% of projected area
As of November 19, Ukraine harvested 78.5 million tonnes of main crops from an area of 23.4 million hectares, including 60.3 million tonnes of grain and leguminous crops from an area of 14.6 million hectares, or 95% of the forecast, according to the Ministry for Development of Economy, Trade and Agriculture.
Ukraine should continue work on protection of intellectual property - Romanishyn
Deputy Minister for Development of Economy, Trade and Agriculture Oleksandr Romanishyn says that Ukraine should continue to create efficient mechanisms for the protection of intellectual property.
PM Shmyhal announces Ukraine's steps to enter TOP-30 in Doing Business ranking
Apart from the anti-crisis support provided during the coronavirus pandemic, the Ukrainian government is also focused on strategic steps to improve the business climate in the country.
19 November 2020
Finance Ministry: Draft budget for 2021 projects 27 billion for culture development
The consolidated state budget for 2021 projects about UAH 27 billion to finance culture development.
Shmyhal, Dombrovskis discuss trade and economic cooperation between Ukraine and EU
On November 19, Prime Minister of Ukraine Denys Shmyhal held an online meeting with Executive Vice President of the European Commission Valdis Dombrovskis.
Creative economy should be priority for Ukraine's strategic development - Zelensky
Ukrainian President Volodymyr Zelensky has said that the world's creative economy has never been as timely as it is now due to the COVID-19 pandemic, and it should become a priority for Ukraine's strategic development.
Ukraine to obtain loans from IBRD, EIB for road repair in Luhansk region
As part of the project "Eastern Ukraine: Reunification, Restoration and Revival (Project 3B)", Ukraine will obtain a USD 65 million loan from the International Bank for Reconstruction and Development (IBRD) and a EUR 100 million loan from the European Investment Bank (EIB), according to the Ukrainian Infrastructure Ministry.
Economic potential of Ukrainian-Kuwaiti cooperation discussed at online briefing
The Embassy of Ukraine, in cooperation with the Exporters and Investors Council under the Ministry of Foreign Affairs of Ukraine as well as Ukrainian and Kuwaiti Chambers of Commerce and Industry, held an online briefing entitled “The economic potential of Ukrainian-Kuwaiti cooperation".
Fedorov: Startup Fund should provide grants for creative industry as well
Deputy Prime Minister - Minister of Digital Transformation Mykhailo Fedorov proposes that grants for startups and products related to the creative industry be included on the list of grants provided through the Ukrainian Startup Fund.
Tkachenko: Ukraine’s creative industry has lost $3 B and 300,000 jobs due to quarantine
Ukraine’s creative industry has lost $3 billion, accounting for 2% of GDP, due to the coronavirus epidemic and the introduced quarantine measures in the country.
Raiffeisen Bank Aval joins NBU's BankID system
Raiffeisen Bank Aval has joined the BankID remote identification system of the National Bank of Ukraine (NBU), the central bank’s press service has written on Facebook.
Ukrgasbank’s profit grows to UAH 725M since year-start
The net profit of JSB Ukrgasbank for January-October 2020 rose to UAH 725 million, which is 26% more than in the same period last year, the bank’s press service reports.
Digital Transformation Ministry, UNDP launch East Expo 2020 online business exhibition
The online exhibition, launched with the support of international partners, brings together 170 entrepreneurs from all across eastern Ukraine to help them expand businesses and establish partnerships
Government approves list of priority investment projects for the state – Economy Ministry
The Cabinet of Ministers has approved a list of priority investment projects for the state until 2023, the press service of the Ministry for Development of Economy, Trade and Agriculture reports.
Oleh Struk appointed acting CEO of Boryspil Airport
Director General of Boryspil International Airport Pavlo Riabikin is leaving his post in connection with the winning in the competition and appointment as head of the State Customs Service of Ukraine.
Govt to present business support program in coming days
Ukrainian President Volodymyr Zelensky has instructed the government to develop a comprehensive program of measures to support small and medium-sized businesses during a lockdown.
Ukraine wants to purchase coronavirus vaccine using funds from project with EIB
Prime Minister of Ukraine Denys Shmyhal and Vice-President of the European Investment Bank (EIB) Teresa Czerwińska during a meeting discussed the financing of joint investment projects and the expansion of cooperation through new programs.
Zelensky waiting for arrival of IMF mission, next tranche
Ukrainian President Volodymyr Zelensky has said he expects the arrival of a mission from the International Monetary Fund (IMF) in Kyiv and the granting of the next tranche to Ukraine.
18 November 2020
Ukraine, Qatar agree to promote amber culture
Representatives of Ukraine and Qatar signed a memorandum of understanding between the Ukrainian Amber World Association and Katara Cultural Village in Doha.
Poland should stop restricting transit for Ukrainian carriers – Kryklii
Poland should stop restricting transit for Ukrainian carriers, as this negatively affects trade relations with EU countries.
Foreign Ministry working to increase trade between Ukraine and Uzbekistan
The Ministry of Foreign Affairs of Ukraine hosted negotiations between Uzbek Republican Commodity Exchange (UzEX) delegation and Ukrainian agricultural producers of sugar, sunflower oil, flour, grain, meat and other goods in order to discuss supplies to the Republic of Uzbekistan.
Government appoints Riabikin head of State Customs Service
The Cabinet of Ministers has appointed Pavlo Riabikin, former director general of Boryspil International Airport, as head of the State Customs Service of Ukraine, according to Vasyl Mokan, the government's representative in the Verkhovna Rada and a Servant of the People MP.
SkyUp to perform non-scheduled flight to Serbia on Nov. 24
Ukraine’s SkyUp Airlines will operate one non-scheduled flight on the Kyiv-Belgrade route on November 24, the airline's press service reports.
Digital Transformation Ministry initiates reform of State Special Service of Communications
The Ministry of Digital Transformation is initiating the reform of the State Special Service of Communications and Information Protection of Ukraine.
Infrastructure Ministry planning to improve railway safety management system
The draft resolution on approving new regulations on railway safety management system has been published on the website of the Infrastructure Ministry of Ukraine.
UIA to resume flights to Armenia from December 4
Ukraine International Airlines (UIA) will start operating flights to Yerevan (Armenia) on December 4, 2020, the company’s press service reports.
Energy Ministry: UAH 1.4B to be allocated to pay off salaries to miners
The state budget provides UAH 1.4 billion for the payment of wage arrears to miners by the end of the current year.
Zelensky held phone talk with IMF Managing Director
President of Ukraine Volodymyr Zelensky had a phone conversation with Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva.
17 November 2020
Parliament rejects bill on postponement of introduction of cash registers for individual entrepreneurs
The Verkhovna Rada of Ukraine has rejected a bill on the postponement of the introduction of cash registers for sole proprietors.
Ukraine, Algeria discuss prospects for expanding energy cooperation
Ukrainian Ambassador to Algeria Maksym Subkh has visited the headquarters of Algeria's largest private energy company Al-Hayat Petroleum.
Ukrgasvydobuvannya transfers UAH 628M of rent payments to local budgets
JSC Ukrgasvydobuvannya transferred more than UAH 628 million of rent payments to local budgets in January-October 2020, the company’s press service reported.
Banks issued UAH 963M last week under Affordable Loans at 5-7-9% state program
Some 477 new loan agreements worth UAH 963 million were concluded last week under the state program "Affordable Loans at 5-7-9%,” according to the Finance Ministry.
NBU advises banks to close some branches on weekend lockdown - Shevchenko
The National Bank of Ukraine (NBU) has advised banks to close on non-working days their branches located in large shopping centers and buildings that are closed during a weekend lockdown, NBU Governor Kyrylo Shevchenko has said on Facebook.
Finance Ministry attracts first tranche under joint project with EIB to support agribusiness
The Finance Ministry of Ukraine has started to implement a loan program for small and medium-sized enterprises in the agricultural sector under the joint project with the European Investment Bank (EIB) “Ukraine Agri-Food APEX Loan”.
Parliamentary committee supports bill on agricultural receipts
The Committee on Finance, Taxation and Customs Policy of Ukraine’s Verkhovna Rada has supported the draft law (No.2805) on the functioning and circulation of agricultural receipts prepared for the first reading, the press service of the Ministry for Development of Economy, Trade and Agriculture reports.
Ukraine’s GDP decreased by 3.5% in Q3 2020
The gross domestic product (GDP) of Ukraine in the third quarter of 2020 decreased by 3.5% compared to the third quarter of 2019, according to data from the State Statistics Service.
16 November 2020
Ukraine already exported 18.7M tonnes of grain
Between July 1 (when the 2020/2021 marketing year (MY) began) and November 16, Ukraine exported 18.7 million tonnes of grain and leguminous crops, which is 3.6 million less compared to the same period last year.
Ukraine expects signing of common aviation area agreement with EU - Shmyhal
Ukraine expects the signing of a common aviation area agreement with the EU, the beginning of the integration of gas and electricity markets and integration into the EU's digital market, according to Ukrainian Prime Minister Denys Shmyhal.
Qatar Airways resumes flights to Kyiv
Qatar Airways has resumed flights to previously existing destinations, in particular to Kyiv, and added two new ones, according to the airline's press service.
NBU approves candidates for Ukrgasbank, OTP bank heads
The National Bank of Ukraine (NBU) has approved the candidates to the posts of heads of JSB Ukrgasbank and JSC OTP bank, the central bank’s press service reports.
Deposit Guarantee Fund accumulates almost UAH 15.8B
The Deposit Guarantee Fund of Ukraine accumulated UAH 15.77 billion as of November 1, 2020, the Fund’s press service reported.
Ukraine, Spain to hold online business marathon in Nov
The Embassy of Ukraine in Spain has launched a four-day online business marathon entitled "Ukraine-Spain", which includes an online business conference and online meetings of representatives of diplomatic institutions and businesses of both countries.
Alpari analyst: No significant changes in U.S. dollar exchange rate expected this week
This week the U.S. dollar exchange rate against the hryvnia is expected to remain almost the same, according to Vadym Iosub, a senior analyst at Alpari analytical company.
Ukraine-Montenegro flights to open on Dec. 1
Regular flights between Ukraine and Montenegro on the Kyiv-Pòdgorica route will be launched on December 1.
14 November 2020
Egypt wants to buy more Ukrainian grain – ambassador
Deputy Head of the Ukrainian President’s Office Ihor Zhovkva discussed with newly appointed Ambassador of the Arab Republic of Egypt to Ukraine Ayman Elgammal the possibilities of increasing the export of Ukrainian products and projects in industry and infrastructure.
13 November 2020
Ukraine, Israel start cooperation in digital transformation
The Ministry of Digital Transformation of Ukraine has held the first online working meeting with Director General of Israel's Mobileye Mickey Ayalon with the support of the Embassy of Ukraine in Israel.
Energoatom submits financial plan for 2021 to Energy Ministry
Ukraine's National Nuclear Energy Generating Company Energoatom has submitted its financial plan for 2021 to the Energy Ministry of Ukraine, the company’s press service reports.
Number of passengers using Kyiv subway dropped by 40%
Between May 25 and October 31, 2020, the Kyiv subway serviced 132.8 million passengers, compared with 214.7 million passengers recorded over the same period last year.
Ministry for Strategic Industries interested in cooperation with trade unions
The Ukrainian Ministry for Strategic Industries is interested in cooperation with domestic trade unions for the social and economic development of the country.
Energoatom sixth among Top 20 green power generators
Energy Intelligence has announced the ranking of the global Top 100 Green Utilities, with Ukraine's National Nuclear Energy Generating Company Energoatom taking sixth place among the world's top green power generators, the company's press service has reported.
Ukraine, EU planning to deepen cooperation in the field of critical raw materials
Prime Minister of Ukraine Denys Shmyhal and Vice-President of the European Commission for Interinstitutional Relations Maroš Šefčovič have held a virtual meeting to discuss ways to enhance cooperation between Ukraine and the European Commission in the field of critical raw materials.