NBU projects discount rate at 7.5% by the end of 2022
The National Bank of Ukraine (NBU) projects that the discount rate will decrease more gradually over the next year than expected, and will total 7.5% at the end of 2022.
Economy
Parliament approves law on energy efficiency
The Verkhovna Rada of Ukraine has adopted law No.4507 "On energy efficiency".
Maasikas: Ukraine needs to de-oligarchize electricity market
Ukraine has widely implemented EU requirements in the gas area but much remains to be done to secure the electricity market, including its de-oligarchization.
NBU expects Ukraine to receive $700M tranche from IMF by year-end
The National Bank of Ukraine (NBU) expects that Ukraine will receive a $700 million tranche from the International Monetary Fund (IMF) by the end of the year.
NBU worsens outlook for GDP growth
The National Bank has downgraded its economic growth forecast for 2021 from 3.8% to 3.1%.
NBU keeps main interest rate unchanged
The National Bank of Ukraine has decided to leave its main interest rate unchanged at 8.5%.
Ukraine’s grain exports reach almost 17M tonnes
Since the beginning of the current marketing year (MY, started on July 1, 2021), Ukraine has exported 16.954 million tonnes of grain and leguminous crops, which is 2.152 million tonnes more than in the same period last year, according to the Ministry of Agrarian Policy and Food.
Ukrnafta sold oil for UAH 2.1B at auction
PJSC Ukrnafta sold 118.7 thousand tonnes of oil for UAH 2.147 billion at an auction on October 20, 2021, Ukrinform reports, referring to the company’s press service.
Gas TSO of Ukraine applies for participation in Nord Stream 2 certification
Gas TSO of Ukraine, the country’s gas transmission system operator, applied to the German energy regulator (Bundesnetzagentur) to participate in the certification procedure for the Nord Stream 2 gas pipeline operator.
20 October 2021
PM Shmyhal: Only rapid spread of coronavirus can stop economic recovery
Ukraine's economy is actively recovering, and this process can be stopped only by one factor – the rapid spread of coronavirus.
Ukraine fully prepared for heating season – PM Shmyhal
Ukraine is fully prepared for the beginning of the heating season, Prime Minister Denys Shmyhal has said.
Ukraine decreases electricity imports by 966 times in September - Ukrenergo
In September 2021, Ukraine’s electricity exports decreased by 11.5%, to 304.3 million kWh compared with August 2021, imports dropped by 966 times, to 0.028 million kWh, Ukrinform reports, referring to the press service of NEC Ukrenergo.
MFA hopes for further growth of Saudi investments in promising sectors of Ukraine's economy
The Ministry of Foreign Affairs hopes for further growth of Saudi investments in promising sectors of Ukraine's economy.
Ukraine to export poultry meat to Georgia - MFA
The competent authorities of Ukraine and Georgia have agreed on the form of a certificate for the exports of poultry meat, offal and other poultry products from Ukraine to Georgia, Ukrinform reports, referring to the Ukrainian Ministry for Foreign Affairs.
Ukrainian parliament approves committee conclusions on 2022 state budget bill
The Verkhovna Rada has approved Resolution No. 6000-P "On Conclusions and Proposals to the Draft Law of Ukraine on the State Budget of Ukraine for 2022."
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.
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.