Passenger train services in western Ukraine to resume on June 4
Rail passenger transport services in western Ukraine will resume on June 4.
Economy
30 May 2020
PM Shmyhal: Ukraine expects to receive first tranche from IMF in early June
Ukraine expects to receive the first tranche within the agreed Stand-By Arrangement with the IMF in early June.
Szijjártó: We will continue providing reverse gas supplies to Ukraine
Hungary will continue providing reverse gas supplies to Ukraine.
Ukraine, Hungary to develop trade and border infrastructure
Ukraine and Hungary intend to focus on the development of trade relations and border infrastructure.
29 May 2020
Air traffic between Ukraine and Austria may resume after June 23
Regular flights between Ukraine and Austria may resume after June 23, Ukraine's Ambassador to Austria Olexander Scherba has said.
EU approves disbursement of EUR 500 mln in macro-financial assistance to Ukraine
The European Commission, on behalf of the EU, has approved the disbursement of a EUR 500 million loan to Ukraine as part of its fourth macro-financial assistance (MFA) program, under which the EU has now provided Ukraine with EUR 3.8 billion in MFA loans since 2014, according to a statement posted on the website of the European Commission.
Ukraine, Japan to enhance bilateral economic cooperation
Ukraine and Japan discussed issues of enhancing bilateral economic cooperation.
Average salary in Ukraine grows by 1.6% - State Statistics Service
In April 2020, the average nominal salary in Ukraine amounted to UAH 10,430, which is 1.6% higher compared with April 2019, according to the State Statistics Service.
Banks allocate UAH 56.5 mln to fight coronavirus – NBU
Ukrainian banks have allocated UAH 56.5 million for the fight against coronavirus as part of charitable projects, the NBU press service reports on Facebook.
Government publishes main provisions of state program to stimulate economy
The Cabinet of Ministers has published the main provisions of the state program to stimulate the economy to address the negative impact of COVID-19 pandemic, the Government portal reports.
28 May 2020
About 70% of coal mining enterprises shut down in Donbas over occupation
Since the beginning of the occupation of certain areas of Donetsk and Luhansk regions, approximately 70% of all coal mining enterprises and mines have been shut down.
NBU forecasts high unemployment in Q2 2020
Ukraine’s unemployment rate will peak at 11.5% in the second quarter of this year due to the coronavirus pandemic.
One third of small businesses lost more than 50% of income - EBA
One third of small entrepreneurs, totaling 33%, lost more than 50% of their income.
Investments in Ukraine's economy decreased by 29% in Q1 2020 - IAE
In the first quarter of 2020, investments in Ukraine's economy decreased by 29%, in the agriculture sector - by 35.3%.
PM Shmyhal meets with representatives of German business
Prime Minister of Ukraine Denys Shmyhal has held a meeting with representatives of the business community of the Federal Republic of Germany with the participation of Ambassador Extraordinary and Plenipotentiary of the Federal Republic of Germany to Ukraine Ms. Anka Feldhuzen, according to the Government portal.
27 May 2020
Ukraine's budget did not get UAH 45 bln in planned revenues in Q1 2020 - Patskan
Ukraine's state budget did not receive UAH 45 billion in planned revenues to the general fund in the first quarter of 2020, including UAH 27 billion as customs and tax payments, Chairman of the Accounting Chamber Valeriy Patskan has said on Facebook.
Poland exports almost 700 mcm of natural gas to Ukraine in Q1 2020
Poland's state oil and gas company PGNiG exported 690 million cubic meters of natural gas to Ukraine in the first quarter of 2020.
Ukraine's economy could fall by 6-7% in 2020 - NBU
Ukraine's economy could contract 6-7% in 2020, Deputy Governor of the National Bank of Ukraine (NBU) Dmytro Sologub has said in an interview with LIGA.net.
Apple registers office in Ukraine
U.S. corporation Apple has registered a representative office in Ukraine.
Finance Ministry attracts over UAH 1 bln to budget from government bonds’ sale
The Ukrainian Finance Ministry attracted UAH over 1 billion to the state budget as a result of the sale of government domestic loan bonds on May 26, 2020, the ministry’s press service wrote on Facebook.
26 May 2020
Govnt to present program to spur economy to overcome coronavirus crisis
The Cabinet of Ministers at a meeting on Wednesday, May 27, will present a program to stimulate the economy to overcome the consequences of the COVID-19 pandemic, Prime Minister Denys Shmyhal has stated.
Ukraine, Georgia discuss air traffic and fertilizer import
Ukraine's Ambassador to Georgia Ihor Dolhov and Deputy Minister of Economy and Sustainable Development of Georgia Genadi Arveladze discussed issues of further development of trade and economic relations between the two states.
Deposit Guarantee Fund sold insolvent banks’ assets worth UAH 410 mln last week
The Deposit Guarantee Fund last week sold insolvent banks' assets worth UAH 410 million, the fund's press service reported.
Ukraine's public debt in April shrinks in hryvnias, grows in U.S. dollars – Finance Ministry
Ukraine's public and publicly guaranteed debt in national currency shrank by 2.7% in April 2020, to UAH 2.196 trillion, whereas in foreign currency it grew by 1.3%, to $81.4 billion, the press service of the Ukrainian Finance Ministry has reported.
Sales of services in Ukraine decreased by 2% in Q1 2020
Services worth UAH 227 billion were sold in Ukraine in January-March 2020, which is 1.7% less than in the relevant period of 2019, according to the State Statistics Service.
Large, medium-sized enterprises in Ukraine report almost UAH 5 bln in losses in Q1 2020
Large and medium-sized enterprises of Ukraine suffered losses of UAH 4.9 billion in the first quarter of 2020, whereas in the same period of 2019 they received UAH 111.1 billion in profit, Ukraine's State Statistics Service has reported.
Government intends to split Energy Ministry into two ministries – PM Shmyhal
The Cabinet of Ministers intends to divide the Ministry of Energy and Environmental Protection into two ministries, according to Prime Minister Denys Shmyhal.
25 May 2020
Pension Fund completes financing pensions for May
The Pension Fund of Ukraine completed to finance pension payments for May, having allocated UAH 38.7 billion.
Shmyhal sees introduction of accumulation pension system from 2021 as realistic
Ukrainian Prime Minister Denis Shmyhal has said that he sees the introduction of an accumulation pension system in Ukraine from January 1, 2021 as quite realistic.
NBU provides refinancing to six banks for UAH 1.5 bln
The National Bank of Ukraine (NBU) provided UAH 1.459 billion in refinancing to six banks on May 22, the NBU's press service has reported.
Deposits of individuals in Deposit Guarantee Fund’s banks total UAH 524 bln
As of May 1, 2020, the amount of deposits of individuals in member banks of the Deposit Guarantee Fund made up UAH 524.33 billion, according to the Fund’s press service.
Sumy region exports agricultural products to 10 countries in 2020
This year, Sumy region has exported its agricultural products to ten countries of the world.
NBU: Remittances from Ukrainian migrant workers may decrease by $2 bln in 2020
Due to the coronavirus pandemic and quarantine restrictions, remittances from Ukrainian migrant workers are expected to amount to $10 billion in 2020, which is $2 billion less than last year, according to the National Bank of Ukraine (NBU).
23 May 2020
Gas price for population in May reduced by 21% – Naftogaz
In May 2020, NJSC Naftogaz of Ukraine has cut the gas price for the population by 21%.
22 May 2020
Pension Fund allocates another UAH 3.8 bln for May pension payments
The Pension Fund of Ukraine has allocated another UAH 3.8 billion to finance pension payments for May.
Ukraine hopes to update Association Agreement with EU – Economy Ministry
Ukraine hopes to start updating the Association Agreement with the EU, which is an important issue in the current situation with international trade.
Local budgets receive almost UAH 5 bln in revenues from real estate taxes in 2019
In 2019, local budgets received UAH 4.9 billion in revenues from real estate taxes, which is UAH 1.2 billion more than in 2018, according to the Finance Ministry.
Wheat stocks in Ukraine fall by 16.2% – experts
As of May 1, 2020, wheat grain resources in Ukraine decreased by 16.2% compared to the same date of the previous year, according to UkrAgroConsult consulting agency.
Zelensky signs banking law
Ukrainian President Volodymyr Zelensky has signed a law introducing amendments to some legislative acts of Ukraine to improve some mechanisms for banking regulation, which will make it impossible to repeal the decision by the National Bank of Ukraine (NBU) to nationalize banks, the press service of the head of state has reported.
Ukraine, Poland discuss economic cooperation
The directors of departments of the economy ministries of Ukraine and Poland, Oleksiy Rozhkov and Jan Pawelec, discussed the dynamics of bilateral economic cooperation in the first quarter of 2020 during a videoconference on May 21, Ukraine's Embassy in Poland has reported on Facebook.
Venediktova discusses with National Reform Council ways to reduce pressure on business
Prosecutor General Iryna Venediktova has held a meeting with representatives of the National Reform Council and business associations to discuss ways to reduce pressure on business and increase its trust in law enforcement agencies, according to the press service of the Prosecutor General's Office.
IMF says agreement reached with Ukraine on new $5 bln program
The International Monetary Fund (IMF) and Ukraine have reached a preliminary agreement on a new 18-month Stand-By Arrangement worth $5 billion, the IMF has said in a press release.
21 May 2020
State Emergency Service to receive over UAH 105 mln for aircraft restoration
The Cabinet of Ministers has allocated UAH 105.4 million to the State Emergency Service of Ukraine for the restoration of aircraft.
Ukraine needs to borrow about UAH 457 bln this year – finance minister
Ukraine needs to borrow about UAH 457 billion in 2020, Finance Minister Serhiy Marchenko has stated.
Finance Ministry not ruling out possible revision of state budget for 2020
The Finance Ministry has stated that the state budget for 2020 may be revised, including in the direction of a positive scenario, according to the ministry’s press service.
Government approves PrivatBank’s annual report for 2019
The Cabinet of Ministers has approved the annual report of JSC CB PrivatBank for 2019, according to Prime Minister Denys Shmyhal.
20 May 2020
EU Council approves allocation of EUR 1.2 bln in macro-financial assistance to Ukraine
The European Council has finally approved the allocation of EUR 1.2 billion in macro-financial assistance to Ukraine to overcome the effects of the COVID-19 pandemic, Ukrainian Foreign Ministry Dmytro Kuleba has said.
Ukrainian president to sign banking bill into law this week
Ukrainian President Volodymyr Zelensky has said he intends to sign into law a bill introducing amendments to some legislative acts of Ukraine to improve some mechanisms for banking regulation as this will help sign a memorandum with the International Monetary Fund (IMF) in May.
NBU: Receiving money from IMF is a matter of coming weeks
Receiving money from the International Monetary Fund is a matter of the coming weeks and traditional procedures of the Fund.
Zelensky instructs Investment Office to attract $7 bln within 18 months
Ukraine will open an Investment Office in September that should attract about $7 billion to the country within 18 months.
Mortgage rates to drop 10% in near future - Zelensky
Mortgage rates in Ukraine will drop to 10% per annum in the near future, Ukrainian President Volodymyr Zelensky has said.
U.S. allocates over $15 mln to Ukraine to combat COVID-19
The United States has allocated $15.5 million to Ukraine to fight the coronavirus disease (COVID-19), the press service of the U.S. Department of State has reported.
Law on nuclear energy safety to allow Energoatom to attract EUR 200 mln loan - Shmyhal
Prime Minister of Ukraine Denys Shmyhal has stated that the law, approved by the Verkhovna Rada, “On Amendments to Certain Laws of Ukraine on the Safety of Nuclear Energy Use” is a fulfilment of international obligations undertaken by Ukraine, the Government portal reports.
19 May 2020
Zelensky: SMEs need export opportunities available to large business
Small and medium-sized enterprises should be given the same opportunities to enter the international market as a large business has.
Ukraine, Georgia discuss resumption of flights
Ukrainian Infrastructure Minister Vladyslav Kryklii has held a videoconference with Georgian Minister of Economy and Sustainable Development Natela Turnava to discuss the resumption of regular passenger flights between the two countries, the Ukrainian Infrastructure Ministry has reported.
Kryklii expects Verkhovna Rada to approve law on banking services for Ukrposhta
Infrastructure Minister Vladyslav Kryklii says he hopes that the parliament will pass a law on the provision of banking services to the national postal operator Ukrposhta.
Pension Fund directs another UAH 2.1 bln for pension payments
The Pension Fund of Ukraine has directed another UAH 2.1 billion to finance pension payments for May, the Fund’s press service reports.
Oschadbank posts UAH 3.3 bln in net profit in January-April 2020
The net profit of JSC Oschadbank reached UAH 3.3 billion in January-April 2020, the bank’s press service reported.
PM Shmyhal: Flights could be resumed in June
Prime Minister of Ukraine Denys Shmyhal believes that flights are likely to be resumed in June.