President of Ukraine Volodymyr Zelensky has signed the Law “On Amendments to the Bankruptcy Procedure Code of Ukraine” (No.686-IX), which was adopted by the Verkhovna Rada on June 5, 2020, the president’s press service reports.
All types of motor fuel dropped in price in Ukraine, except for liquefied gas - State Statistics Service
In September 2020, all types of motor fuel dropped in price in Ukraine compared with September 2019, except for liquefied gas, which rose in price by 0.9%, up to UAH 12.14 per liter, according to the State Statistics Service.
Consumer inflation slowed down to 2.3% in annual terms in September 2020 (from 2.5% in August). Prices rose by 0.5% in monthly terms, according to the press service of the National Bank of Ukraine (NBU).
President Volodymyr Zelensky has signed the Law “On Amendments to the Budget Code of Ukraine” regarding the delimitation of district budgets and budgets of united territorial communities, according to the president’s press service.
President of Ukraine Volodymyr Zelensky has appointed Bohdan Horobets as state commissioner of the Antimonopoly Committee of Ukraine (AMCU).
12 October 2020
Ukraine and the Islamic Republic of Afghanistan open a new page in the development of bilateral economic relations.
Oschadbank issued more than 800 mortgage loans worth over UAH 450 million in January-September 2020, the bank's press service has reported.
Ukraine and Poland can recover the positive dynamics and growth of trade and economic cooperation which slowed down in the first half of 2020.
This week the dollar exchange rate will continue to decline to UAH 28.10, and if the NBU pursues a policy similar to last week and does not redeem the surplus currency keeping the dollar exchange rate, the hryvnia may gradually strengthen to UAH 28.00, according to Alpari.
Prime Minister Denys Shmyhal has stated that Ukraine needs to create competitive conditions for business and investment.
10 October 2020
Ukraine has the potential for production of rocket and space equipment and should occupy a niche in the segment of orbital services.
09 October 2020
Due to the signed Agreement on Political Cooperation, Free Trade, and Strategic Partnership between Ukraine and the United Kingdom, about 98% of all Ukrainian goods will have free access to the market of this country.
JSC Ukrposhta, Ukraine’s national postal operator, the Ministry of Digital Transformation of Ukraine and the Infrastructure Ministry of Ukraine have signed a trilateral memorandum of cooperation, according to the press service of Ukrposhta.
President Volodymyr Zelensky has said he expects Ukraine will be more economically stable than other countries during the coronavirus crisis, as key industries such as agro-industry and IT have been hit less.
The Memorandum of Understanding between Her Majesty's Secretary of State, acting through the Export Credit Guarantee Department, which is operating under the name UK Export Finance, and the Cabinet of Ministers of Ukraine was signed in the presence of President of Ukraine Volodymyr Zelensky on October 8.
The UK's export credit agency, UK Export Finance, is resuming operations in the Ukrainian market with the possibility of issuing credit guarantees worth up to GBP 2.5 billion, the UK government has said in a press release.
President of Ukraine Volodymyr Zelensky has invited representatives of British financial circles to invest in Ukraine.
08 October 2020
Ukraine's SBU Security Service officers have blocked the illegal activities of merchants who appropriated the vessels of PJSC Ukrainian Danube Shipping Company that are subordinated to the Ukrainian Infrastructure Ministry, the SBU's press service has reported.
Some 5,400 electric cars were registered in Ukraine in January-September 2020, which is 6% more than in the same period last year, the Association of Ukrainian Motor Vehicles Manufacturers (Ukrautoprom) has reported.
In January-September 2020, Gas Transmission System Operator (TSO) of Ukraine LLC transported 6.1 billion cubic meters (bcm) of gas in short-haul mode. The growth of demand for short-haul services has risen tenfold since the beginning of the year, according to the press service of the company.
Between January-September 2020, Ukraine reduced exports of goods by 5.6% to $35.1 billion, while imports decreased by 11.8% to $38 billion compared to the same period in 2019, according to the State Customs Service of Ukraine.
The National Bank of Ukraine (NBU) will cooperate with the UK’s company Vaultex on converting to the delegated cash circulation model, according to the press service of the central bank.
Ukraine's gross domestic product will decline by about 6% in 2020, according to preliminary forecasts of the National Bank of Ukraine (NBU).
The government of Ukraine and the European Bank for Reconstruction and Development (EBRD) have signed a Memorandum of Understanding to strengthen anti-corruption measures and improve the corporate governance of state-owned enterprises.
07 October 2020
Despite the global COVID-19 pandemic, Ukraine remains a reliable trading partner for EU member states.
Prime Minister of Ukraine Denys Shmyhal and representatives of the German Committee on Eastern European Economic Relations discussed ways to improve the investment and business climate between Ukraine and Germany, infrastructure projects, energy efficiency initiatives and digitalization, according to the Ukrainian government’s press service.
The European Investment Bank (EIB) will provide EUR 30 million loan to JSC Ukrposhta, Ukraine’s national postal operator, to continue the modernization and digitalization of the country’s postal services. The loan will allow Ukrposhta to start modernizing its logistics network with three new sorting hubs, 20 postal depots and IT infrastructure.
The World Bank has predicted that Ukraine's economy is expected to decline by 5.5% in 2020, which is lower than for many countries in the region, the World Bank office in Ukraine has reported on its Facebook page.
On October 6, 2020, the Ukrainian Finance Ministry raised UAH 7.2 billion towards the state budget as a result of auctions on the placement of domestic government bonds, the ministry’s press service report.
President of Ukraine Volodymyr Zelensky stated that the Ukrainian delegation presented a vision for renewing the Association Agreement in the field of trade and sectoral cooperation.
06 October 2020
Ukraine hopes to revise the economic part of the Association Agreement with the European Union to increase the volume of trade, Ukrainian Minister for Development of Economy, Trade and Agriculture Ihor Petrashko has said.
Minister Kryklii: Ukraine seeks road freight transport liberalisation within Association Agreement renewal
Minister of Infrastructure of Ukraine Vladyslav Kryklii has stated that Ukraine seeks to include the liberalisation of international road freight transport services in the renewed Association Agreement with the European Union.
Ukrainian President Volodymyr Zelensky has signed the law introducing amendments to certain legislative acts concerning the moratorium on foreclosures on foreign currency mortgages, the presidential press service has reported.
As of October 6, Ukraine produced 125.3 thousand tonnes of sugar and processed 940.4 thousand tonnes of sugar beet, according to the Ukrtsukor National Association of Sugar Producers of Ukraine.
Ukraine’s National Nuclear Energy Generating Company Energoatom transferred UAH 9.399 billion in tax and insurance payments to the budgets of all levels between January-August 2020, according to the company’s press service.
In September 2020, Ukrainians registered 35.9 thousand used cars imported from abroad, which is 56% more than in September 2019, according to the Ukrainian Motor Vehicle Manufacturers Association (Ukrautoprom).
The Council of the National Bank of Ukraine (NBU) announced a reprimand and expressed no confidence in NBU First Deputy Governor Kateryna Rozhkova and NBU Deputy Governor Dmytro Solohub.
The Deposit Guarantee Fund has completed payments to the depositors of PJSC CB Khreschatyk, according to the Fund’s press service.
Ukraine’s Windrose Airlines has started selling tickets for direct flights on the Kyiv-Kherson route, according to Kherson Regional State Administration.
05 October 2020
Half of the medical institutions in Ukraine have already received funds for increased salaries to doctors for September this year, Ukrainian Prime Minister Denys Shmyhal has said.
Digital transformation in Ukraine will help entrepreneurs to develop their business faster.
Ukraine is interested in the cooperation with the Republic of South Africa in the sector of transport, in particular aviation and maritime transport.
Ukraine will start natural gas exports to the EU during the heating season if the situation on the European market is favorable, acting Director General of Ukrtransgaz Sergiy Pereloma has said.
The hryvnia exchange rate may fluctuate within UAH 28.0-28.75 per the U.S. dollar and in October 2020, according to a forecast by the Forex Club Group of Companies.
As of October 5, PJSC Gazprom’s gas transit via Ukraine’s gas transmission system reached 40 billion cubic meters, or 2/3 of the gas volumes contracted for 2020, the press service of LLC Gas Transmission System Operator of Ukraine (GTSOU) wrote on Facebook.
The National Bank of Ukraine (NBU) sold $51.1 million on the interbank foreign exchange market last week, according to data provided by the central bank.
Ukraine's state budget was 115% fulfilled in September 2020, with revenues being UAH 10.1 billion above the target, Ukrainian Prime Minister Denys Shmyhal has said.
03 October 2020
Ambassador of the Federal Republic of Germany to Ukraine Anka Feldhusen sees several opportunities for Ukraine-Germany economic cooperation, mentioning pharmaceuticals industry and clean energy among them.
02 October 2020
Ukraine International Airlines (UIA) has updated its plans and schedule for non-stop wide-body flights between Kyiv and New York. UIA is planning to resume flights as the spring season takes hold in both cities, according to the airline’s press service.
As of October 1, Ukrainian farmers harvested 51.8 million tonnes of main crops from an area of 16.8 million hectares.
As part of a working trip to Chernivtsi region, President of Ukraine Volodymyr Zelensky inspected the newly-built bridges across the Cheremosh River and infrastructure facilities reconstructed under the Great Construction national program.
Families who lost their houses in fires in Luhansk region will receive UAH 300,000 each, Prime Minister of Ukraine Denys Shmyhal said on Friday.
The Ministry for Reintegration of the Temporarily Occupied Territories of Ukraine has submitted a draft concept of the strategy for economic development of Donetsk and Luhansk regions to the central executive bodies and local government bodies of Donetsk and Luhansk regions for approval.
JSC Moldovagaz is planning to pump about 100 million cubic meters of gas into Ukrainian underground gas storage facilities for storage.
The Energy Ministry is completing the process of developing a concept of reforming the Ukrainian coal industry, the ministry’s press service reports.
The central banks of Poland and Lithuania and the National Bank of Ukraine (NBU) have launched a joint Twinning project “Strengthening the institutional and regulatory capacity of the National Bank of Ukraine to implement the EU–Ukraine Association Agreement”, the NBU’s press service reports.
01 October 2020
In September, Ukraine’s exports totaled $4.19 billion, up 2.87% compared to September last year.
The construction of a bypass road around the city of Rivne is planned to be fully completed next year; the total cost of the work is UAH 830 million.
The European Bank for Reconstruction and Development forecasts a 5.5% decline in Ukraine's GDP this year and recovery of 3% in 2021.
Ukrainian Minister for Development of Economy, Trade and Agriculture Ihor Petrashko and representatives of the U.S. investment company Argentem Creek discussed potential investment projects, the ministry’s press service wrote on its Facebook page.