Due to the free trade agreement with the United Kingdom, which enters into force on January 1, 2021, 98% of Ukrainian products will have free access to the market of this country, and another 2% of goods will be liberalized for Ukraine from 2023.
In July-September 2020, Ukraine’s household income amounted to UAH 1.03 trillion, which is 7.0% more than in the same period in 2019, according to the Ukrainian State Statistics Service.
In January-November 2020, Ukraine’s construction output grew by 2.8% compared to the relevant period last year, according to the data provided by the State Statistics Service of Ukraine.
30 December 2020
On the night of 31 December 2020 to 1 January 2021, Ukraine’s free trade agreements with the United Kingdom and Israel will take effect.
As of December 28, UAH 57.1 billion was used from Ukraine's COVID-19 Fund, the Ukrainian Finance Ministry's press service has reported.
Finance Minister Serhiy Marchenko advises Ukrainians to pay less attention to currency rate fluctuations at exchange offices.
Prime Minister of Ukraine Denys Shmyhal has said he hopes that Ukraine and Georgia will continue to expand bilateral dialogue and resume the positive dynamics of trade and economic cooperation.
Ukraine has already received UAH 3.7 billion of investments from the implementation of first concession agreements, Minister of Economic Development, Trade and Agriculture Ihor Petrashko has said.
In 2020, Ukrainian farmers have harvested 83.8 million tonnes of basic agricultural crops from an area of 24.1 million hectares.
Local budgets of Donetsk region received UAH 2.6 million in revenues from tourist tax payments in January-November 2020, according to the Main Department of the State Tax Service of Donetsk region.
The second round of talks between Ukraine and a mission from the International Monetary Fund (IMF) will begin in January 2021, Ukrainian Finance Minister Serhiy Marchenko has said in an interview with the TSN.ua online news site.
29 December 2020
The Ukrainian Finance Ministry has attracted UAH 23.6 billion to the state budget at an auction on the placement of domestic government bonds, the ministry's press service has reported.
More than 600,000 people have been employed through employment centers since the beginning of the year, Minister of Economic Development, Trade and Agriculture Ihor Petrashko has said, the ministry’s press service reports.
The decline in Ukraine's GDP in 2020 will not exceed 4.8%, Minister of Economic Development, Trade and Agriculture Ihor Petrashko has said.
Budget received more than UAH 1B in revenues from privatization of distilling enterprises - Petrashko
Revenues from the privatization of 18 distilling enterprises exceeded UAH 1 billion, according to Minister for Development of Economy Trade and Agriculture Ihor Petrashko.
Ukrainian President Volodymyr Zelensky has enacted the National Security and Defense Council (NSDC) decision of December 28 "On Improving the State Policy of Innovative Development of Ukraine."
The Government of Ukraine has approved a draft renewal of the memorandum with the Organization for Economic Co-operation and Development (OECD) to deepen cooperation between Ukraine and the organization.
The government has approved amendments to the state target program for the development of airports for the period up to 2023, which update and define the tasks and activities required to bring the airport infrastructure in line with international standards, according to Ukrainian Infrastructure Minister Vladyslav Kryklii.
The total amount of deposits of individuals in banks-participants of the Deposit Guarantee Fund of Ukraine amounted to UAH 582.39 billion as of December 1, 2020, according to the Fund’s press service.
Due to state support for business and the economy, Ukraine has managed to avoid a significant drop in GDP in 2020.
28 December 2020
In January-November 2020, PJSC Ukrnafta paid UAH 11.25 billion in taxes to the budgets of all levels, the company’s press service reports.
This week the U.S. dollar exchange rate against the hryvnia is expected to grow, and the cash dollar in banks may be traded at about UAH 28.3/28.5, according to a weekly forecast released by Alpari analytical company.
Ukraine expects to receive UAH 7.5 billion of legal revenues from the gambling business in 2021.
The Ukrainian Finance Ministry has established PJSC Ukrainian Financial Housing Company, the ministry's press service has reported.
NJSC Naftogaz of Ukraine will raise the gas price by 14% for households in January 2021, according to the company’s press service.
26 December 2020
About half of flights may resume next year.
President of Ukraine Volodymyr Zelensky signed the Law of Ukraine "On the State Budget of Ukraine for 2021" which was passed by the Verkhovna Rada on December 15.
25 December 2020
Revenues from privatization in 2020 amounted to UAH 2.5 billion against the planned UAH 400 million.
24 December 2020
The Lviv City Council sold property for UAH 145.8 million at auctions in 2020.
Ukraine intends to attract a short-term loan of up to $350 million from Deutsche Bank AG by the end of the current year, according to the Government portal.
23 December 2020
For four years of its existence, the Ukrainian-Arab Business Council has managed to establish Ukraine’s cooperation with 22 countries.
Ukraine's state budget for 2021 could be revised after the first quarter of 2021, Prime Minister Denys Shmyhal has said.
The Cabinet of Ministers has approved Naftogaz of Ukraine's financial plan for 2020, with a net profit projected at UAH 11.489 billion.
A further reduction in investment remains a key factor behind the decline in gross domestic product (GDP) in Ukraine, according to a report released by the National Bank of Ukraine (NBU).
Poland has every chance of being one of the three largest trading partners of Ukraine this year, Ukraine's Ambassador to Poland Andrii Deshchytsia has said in an interview with Ukrinform.
In December 2020, the wholesale price of natural gas for heat producers receiving gas from NJSC Naftogaz of Ukraine under the special terms of public service obligations (PSO) is UAH 6,103.1 per 1,000 cubic meters, the company’s press service reports.
On December 22, 2020, the Ukrainian Finance Ministry raised UAH 22.2 billion towards the state budget as a result of auctions on the placement of domestic government bonds, the ministry’s press reports.
22 December 2020
Representatives of Ukraine and the International Labor Organization (ILO) have signed a memorandum of understanding on the implementation of the Decent Work Country Program for Ukraine for 2020-2024.
President Volodymyr Zelensky established the Council for Promoting Small Business Development and approved its regulations.
The contract with Antonov State Enterprise for three An-178 aircraft will be signed by the end of 2020, Director General of the State Concern Ukroboronprom Yuri Husev announced.
In January-September 2020, the volume of loans issued by financial companies in Ukraine increased by 15% compared to the same period last year, to UAH 66 billion.
Ukrainian Prime Minister Denys Shmyhal has welcomed the beginning of the IMF mission's work in Ukraine, the Ukrainian government's press service has reported.
An International Monetary Fund mission has started its work in Ukraine, Governor of the National Bank of Ukraine (NBU) Kyrylo Shevchenko has said on Facebook.
21 December 2020
The total portfolio of projects of the European Bank for Reconstruction and Development (EBRD) in Ukraine this year amounted to EUR 730 million and may reach EUR 900 million by January 2021, according to Ukrainian President Volodymyr Zelensky.
Tightened COVID-19 restrictions, due to be introduced in Ukraine in January 2021, will be less painful to banks and their customers, according to Kateryna Rozhkova, First Deputy Governor of the National Bank of Ukraine (NBU).
The National Bank of Ukraine (NBU) has fulfilled all the tasks required to obtain a loan from the International Monetary Fund (IMF).
During the 7th meeting of the EU-Ukraine Association Council, the parties could sign the Common Aviation Area Agreement, the Agreement on Conformity Assessment and Acceptance of Industrial Products, the Agreement on the international occasional carriage of passengers by coach and bus and expand the rules of the Pan-euro-Mediterranean Convention.
The new placement of domestic government bonds by the Finance Ministry may help strength the hryvnia, according to a weekly forecast made by Alpari.
The National Bank of Ukraine (NBU) provided UAH 9.267 billion in refinancing to five banks, the NBU's press service reported.
Ukraine completed the placement of additional Eurobonds in the amount of $600 million with a yield of 7.253% and maturing in 2033, the total outstanding amount of bonds is $2.6 billion.
19 December 2020
President Volodymyr Zelensky thanked international partners for financial support and informed that Ukraine will receive EUR 600 million from the EU, EUR 170 million from the World Bank and EUR 640 million from the European Investment Bank.
The International Monetary Fund's mission will start the first review of the Stand-By Arrangement for Ukraine on December 21.
18 December 2020
The volume of bilateral trade between Ukraine and Pakistan for nine months of 2020 amounted to USD 237.5 million, which is 2.3 times higher than in 2019.
Ukraine's First Deputy Energy Minister Olha Buslavets has taken part in a meeting, chaired by Deputy Prime Minister Olha Stefanishyna, to discuss the synchronization of Ukraine's integrated energy system with the European ENTSO-E system, the Ukrainian Energy and Coal Mining Ministry's press service has reported.
The Canada-Ukraine Free Trade Agreement (CUFTA) will be deepened in 2021, in particular at the expense of better services, Ambassador of Canada to Ukraine Larisa Galadza has said.
The Ukrainian government aims to enter TOP-50 in the Global Competitiveness Index and TOP-30 in the Doing Business ranking.
Ukraine has signed a $100 million loan agreement with the International Bank for Reconstruction and Development (IBRD) to implement the project "Eastern Ukraine: Reunification, Reconstruction and Revival".
Prime Minister Denys Shmyhal predicts that Ukraine will receive the next tranche from the International Monetary Fund (IMF) in February-March 2021.
Ukraine will soon join the Powering Past Coal Alliance.