The Verkhovna Rada of Ukraine has adopted the Law "On Amendments to Certain Legislative Acts of Ukraine on Simplification of Investment Attraction and Introduction of New Financial Instruments".
The Finance Ministry next year intends to continue indexation of pensions for Ukrainian retirees.
Prime Minister Denys Shmyhal has said that the 2020 state budget envisages UAH 22 billion for repairs and reconstruction of local roads across the country.
As of June 18, 2020, about UAH 36.1 billion has been already allocated from the special Fund to tackle the spread of the coronavirus COVID-19 in Ukraine.
President of Ukraine Volodymyr Zelensky says that he feels confident and safe on board of AN aircraft, which are part of the presidential fleet, and assures that they combine the unique knowledge and experience of Ukrainian aircraft designers.
Infrastructure Minister of Ukraine Vladyslav Kryklii and Turkish Ambassador to Ukraine Yağmur Ahmet Güldere have discussed the resumption of scheduled flights between Ukraine and Turkey, the Government portal reports.
18 June 2020
President Volodymyr Zelensky defends Ukraine's economic interests in the international arena.
The Hungarian low-cost airline Wizz Air has announced the reopening of its base at Kyiv International Airport (Zhuliany) and flights from Ukraine to six countries.
International partners do not demand the conduct of privatization in Ukraine but support the program of small, medium-sized and large privatization elaborated by the Cabinet of Ministers for this year.
A mission of the International Monetary Fund (IMF) may arrive in Ukraine in July, according to Ukrainian Finance Minister Serhiy Marchenko.
The Verkhovna Rada has approved a report on the implementation of the Law "On the State Budget of Ukraine for 2019" (No.3269-d).
Social Policy Minster Maryna Lazebna states that the average pension in Ukraine has increased to UAH 3,400.
The Parliamentary Committee on Finance, Taxation and Customs Policy supported a draft resolution of the Verkhovna Rada on the report of the Governor of the National Bank of Ukraine (NBU) in Parliament on the activities of the regulator.
17 June 2020
The National Bank of Ukraine (NBU) and the European Bank for Reconstruction and Development (EBRD) have agreed to set up a currency swap, the central bank wrote on Facebook.
The Ukrainian and Czech sides hope to hold a meeting of the intergovernmental trade and economic commission this autumn, which was postponed from March to a later date due to coronavirus.
In January-May 2020, Ukraine’s state-owned salt-producing enterprise Artemsil replenished the budgets of all levels and funds with UAH 217 million, according to the company’s website.
Prime Minister of Ukraine Denys Shmyhal held a video conference with the leadership of the European Bank for Reconstruction and Development (EBRD), during which issues of attracting investment in the construction of Ukrainian roads were discussed.
The Ukrainian Finance Ministry attracted over UAH 1.9 billion to the state budget as a result of the sale of government domestic loan bonds on June 16, 2020, the ministry’s press service wrote on Facebook.
A total of 56,000 enterprises have taken the opportunity of partial unemployment benefits, and 131,000 employees have already received financial assistance from the state, according to Economy, Trade and Agriculture Development Minister Ihor Petrashko.
16 June 2020
Israel’s Knesset (Parliament) plans to ratify the Free Trade Agreement with Ukraine in the coming weeks.
Milk production in Ukraine decreased by 3.6% in January-May 2020 compared with the same period in 2019, according to the State Statistics Service of Ukraine.
The Finance Ministry has developed a draft strategy until 2023, according to the Finance Ministry’s press service.
Ukraine has started the implementation of the Accelerating Private Investment in Agriculture Program Project, according to which the International Bank for Reconstruction and Development (IBRD) gives Ukraine USD 200 million.
The Deposit Guarantee Fund last week sold insolvent banks' assets worth UAH 49.42 million, the fund's press service reported.
The Ukrainian government has developed a program to stimulate the economy, which is primarily aimed at supporting small and medium-sized businesses.
15 June 2020
The Board of Directors of the World Bank Group will consider a new loan for Ukraine on June 26, aimed at restoring economic growth in the country during the crisis.
The Government of Ukraine plans to elaborate an anti-corruption strategy and submit it to the Verkhovna Rada.
The economy of Ukraine could fall by 4-8% in 2020 compared to 2019 as a result of the coronavirus pandemic.
Since the beginning of 2020, UAH 4.9 billion in revenues from personal income tax collected in Donetsk region have been transferred to the state and local budgets of Ukraine.
JSC Concord Bank has joined the BankID remote identification system of the National Bank of Ukraine (NBU), the central bank’s press service has written on Facebook.
Belavia Belarusian Airlines will resume flights to Kyiv, Lviv, Odesa and Kharkiv from June 15.
Gas Transmission System Operator (TSO) of Ukraine LLC and PJSC Ukrenergo National Power Company have launched the cooperation on consolidating the development of the gas transmission and energy systems of Ukraine, according to the Corporate Communications Department of Gas TSO of Ukraine.
13 June 2020
France has agreed to allocate about EUR 80 million for the reconstruction of Popasna Regional Water Utility in Luhansk region, according the press service of Luhansk Regional State Administration.
12 June 2020
The Pension Fund of Ukraine has allocated another UAH 3.1 billion to finance pension payments for June.
Ukraine's recovery from the economic crisis caused by the coronavirus pandemic may last until 2024, the International Monetary Fund warned, according to Bloomberg.
Ukraine has fully received $2.1 billion as the first tranche from the International Monetary Fund, having increased international reserves to $ 28.7 billion, Governor of the National Bank of Ukraine (NBU) Yakiv Smolii has reported on Twitter.
As of June 10, UAH 35.8 billion has been allocated from the fund to combat coronavirus.
The information technology (IT) sector will generate 10% of Ukraine’s GDP, according to the updated Government Action Program.
The International Monetary Fund has published the text of the Letter of Intent and the Memorandum of Economic and Financial Policies on the new 18-month Stand-By Arrangement for Ukraine.
11 June 2020
After the first tranche from the International Monetary Fund, Ukraine will be able to receive four more.
Prime Minister Denys Shmyhal expects Ukraine’s economy to grow from the beginning of the third quarter of 2020 and sees no reason for collapse in the fall.
Some 276,000 people lost their jobs in Ukraine during the coronavirus lockdown, Ukrainian Prime Minister Denys Shmyhal has said.
Approaching the "industrial visa-free regime", i.e., the signing of the Agreement on Conformity Assessment and Acceptance of Industrial Products (ACAA), with the EU will take at least a year.
International financial partners will provide Ukraine with more than USD 3.2 billion in financial assistance within a month, Prime Minister Denys Shmyhal has stated.
The National Bank of Ukraine (NBU) has decided to lower the discount rate from 8% to 6% from June 12, 2020.
10 June 2020
Ukraine received the second tranche of EUR 500 million as part of the fourth macro-financial assistance (MFA) program from the European Commission, President Volodymyr Zelensky has stated.
The first tranche of $2.1 billion under a new Stand-By Arrangement with the IMF will come to Ukraine in the near future, Ukrainian President Volodymyr Zelensky has said.
Ukraine's Deputy Minister for Economic Development, Trade and Agriculture, Ukraine's Trade Representative Taras Kachka has been elected vice chairperson of the International Grains Council, the press service of the Ministry for Economic Development, Trade and Agriculture has reported.
President Volodymyr Zelensky held a meeting with members of the Cabinet of Ministers of Ukraine, during which they discussed the first steps and results of the economic stimulus program to overcome the consequences of COVID-19.
Ukrainian President Volodymyr Zelensky believes that an 18-month Stand-By Arrangement for Ukraine, approved by the IMF Executive Board, will help the country overcome COVID-19 pandemic challenges.
The new Stand-By Arrangement for Ukraine, approved by the IMF Executive Board on June 9, is aimed primarily at overcoming the impact of the pandemic crisis, as well as creating conditions for a speedy economic recovery, IMF Managing Director Kristalina Georgieva has said.
The IMF Executive Board has approved an 18-month Stand-By Arrangement for Ukraine, with total access of about $5 billion, the IMF said in a statement on June 9.
09 June 2020
The first direct container train from China has arrived in Ukraine, the press service of Ukraine's state rail operator Ukrzaliznytsia has reported.
Fitch Ratings has assigned Mykolaiv long-term foreign- and local-currency issuer default ratings (IDRs) of 'B'.
Kuleba, Vice President of European Commission discuss Ukraine's involvement in EU hydrogen initiatives
Minister of Foreign Affairs of Ukraine Dmytro Kuleba discussed with Executive Vice President of the European Commission Frans Timmermans Ukraine's involvement in the EU hydrogen initiatives.
08 June 2020
The European Union is ready to support Ukraine in reforming the coal industry.
06 June 2020
Ukraine's international reserves decreased by 1.3% in May, to USD 25.3 billion (in equivalent) as of June 1, according to the press service of the National Bank of Ukraine (NBU).
05 June 2020
In January-May 2020, local budgets of Luhansk region received UAH 1.321 billion, according to the press service of the Main Directorate of the State Tax Service in Luhansk region.
In 2019, Ukraine became second largest exporter of organic products to the European Union.