The Cabinet of Ministers has approved a resolution to appoint Director for Infrastructure of JSC Ukrzaliznytsia as acting member of the Board of Ukrzaliznytsia.
Infrastructure Minister Vladyslav Kryklii has stated that the corporatization of the Ukrainian Sea Ports Authority will be completed and agreements on some ports’ concession will be signed.
Minister of Foreign Affairs of Ukraine Dmytro Kuleba and Minister of Foreign Affairs and International Cooperation of the United Arab Emirates His Highness Sheikh Abdullah bin Zayed Al Nahyan agreed on the implementation of joint investment projects in priority areas.
The Pension Fund of Ukraine has directed another UAH 2.5 billion for pension payments.
The Cabinet of Ministers has dismissed Vitaliy Shubin as first deputy minister of energy and environmental protection, relieving him of the fulfillment of the energy minister's duties, and appointed Olha Buslavets to the post, entrusting her with corresponding responsibilities.
As part of the program “Affordable Loans at 5-7-9%”, micro and small businesses can get up to UAH 35 billion of loans, according to the Ministry for Development of Economy, Trade and Agriculture.
16 April 2020
Ukrainian business expects a decrease in production and sales.
The European Business Association (EBA) is concerned that some provisions of the Law on Collective Management of Copyright will lead to a rise in prices for certain electronics, the EBA's press service has reported.
The Infrastructure Ministry will set up a special commission to review and recommend investment projects in the fields of transport, road management and postal services, according to the ministry’s press service.
Ukrainian ports need to optimize their strategic and investment plans, as well as to review spending on major construction due to coronavirus quarantine.
Prices for beer, wine, vodka and cigarettes in Ukraine rose from March 2019 to March 2020, according to the State Statistics Service.
The Pension Fund of Ukraine has approved the average wage rate for February 2020 in the amount of 9,658 hryvnias 3 kopecks.
Switzerland is one of the main foreign investors of Ukraine, having invested more than USD 1.7 billion in the country’s economy, Ukrainian Ambassador to Switzerland Artem Rybchenko has said.
15 April 2020
Kyiv Court of Appeal has upheld a ruling of Kyiv's Pechersky District Court that obliged PrivatBank to pay more than $250 million to the offshore companies of the Surkis family.
The European Department of the International Monetary Fund (IMF) has good reason to recommend that the IMF Executive Board continue cooperation with Ukraine, which will provide it with additional capabilities to combat the crisis caused by the COVID-19 pandemic.
The Government of Ukraine has postponed the imposition of duty on coal from the Russian Federation until May 1.
The Cabinet of Ministers dismissed Zeljko Marcek as acting CEO of JSC Ukrzaliznytsia and appointed Ivan Yuryk to replace him, according to Infrastructure Minister Vladyslav Kryklii.
As of April 1, 7.5 million Ukrainian retirees receive pension payments through banks, according to the Pension Fund of Ukraine.
The Ukrainian banking system will remain closed for three days due to the Easter holiday celebrated in Ukraine on April 19, according to the National Bank of Ukraine (NBU).
The number of unemployed has increased by 45% in Kyiv city since the introduction of quarantine measures on March 12, according to Director of Kyiv City Employment Center Viktor Bilych.
The National Bank of Ukraine (NBU) has determined the criteria for writing off the impaired financial assets of banks from reserves for expected losses, which will allow banks to get rid of non-performing loans, the central bank's press service has reported.
14 April 2020
Demand for Ukrainian labor migrants in the neighboring countries is so high given the onset of seasonal works that the governments are ready to pay for charter flights and preparation of documents for them.
The International Monetary Fund (IMF) expects a serious drop in Ukraine's economic growth due to the coronavirus - down to -7.7% in 2020, according to the IMF's World Economic Outlook for April 2020.
State agencies have already allocated UAH 1.47 billion for the purchase of goods and services to tackle the coronavirus epidemic, according to the Ministry for Development of Economy, Trade and Agriculture.
Prime Minister Dmytro Shmyhal met with Ambassador Extraordinary and Plenipotentiary of France to Ukraine Etienne de Ponsen and agreed on the implementation of infrastructure projects in Ukraine.
The Cabinet of Ministers has dismissed Pavlo Kukhta as Ukraine's first deputy minister for economic development, trade and agriculture.
PJSC Ukrnafta paid UAH 5.08 billion in taxes to the budgets of all levels in the first quarter of 2020, the company’s press service reported.
Ukraine’s Foreign Minister Dmytro Kuleba and Hungary's Foreign Minister Péter Szijjártó in a phone conversation have discussed the fight against the COVID-19 pandemic and issues of economic cooperation.
The support from international financial institutions, including direct support from the International Monetary Fund, is provided for in the adopted state budget.
The Ukrainian government has made progress in the application of International Public Sector Accounting Standards (IPSAS), the World Bank said in the 2019 Ukraine Public Expenditure and Financial Accountability (PEFA) Assessment report published on April 13.
Ukrainian Prime Minister Denys Shmyhal has said he hopes that economic growth in Ukraine will resume in the second half of the year thanks to the joint efforts of the authorities.
13 April 2020
The Verkhovna Rada has rejected all 13 draft resolutions proposing to cancel the land market bill.
UAH 4 billion to support Ukrainian farmers have been preserved in the state budget.
The Verkhovna Rada adopted the Law of Ukraine “On Amendments to Some Laws of Ukraine on the Introduction of Single Account for Paying Taxes and Duties, Single Social Security Contribution”, taking into account the proposals of President Volodymyr Zelensky.
The Verkhovna Rada adopted the Law of Ukraine "On National Geospatial Data Infrastructure" (bill No. 2370) which established free access to relevant information for citizens and economic entities.
The Verkhovna Rada, Ukraine's parliament, has approved amendments to the country's state budget 2020 at first reading and as a whole.
The action plan of the Cabinet of Ministers of Ukraine submitted to the Verkhovna Rada is aimed at overcoming the risks to life and health of Ukrainian citizens in the short term, as well as restoring economic growth in the long term.
The Pension Fund of Ukraine has already transferred UAH 19.1 billion for pension payments since the start of April.
The air traffic in Ukraine fell by 37.5% in March 2020 compared to the relevant period last year, according to the Ukrainian State Air Traffic Services Enterprise (UkSATSE).
The National Bank of Ukraine (NBU) provided UAH 260 million in refinancing to three banks on April 10, the central bank’s press service reported.
The Cabinet of Ministers of Ukraine has proposed that expenditures for the Pension Fund be raised by UAH 29.7 billion.
The works on 150 sites have already started within the Great Construction project, and more than 6,000 kilometers of national and local roads are planned to be built this year.
JSC Ukrzaliznytsia does not plan to raise ticket prices after quarantine.
11 April 2020
If Ukraine has limited external borrowing opportunities, the Government will be forced to take other radical steps.
The Government of Ukraine is in talks to increase electricity export capacities.
The Government of Ukraine is working to create 500,000 jobs for Ukrainians who lost their jobs because of quarantine.
10 April 2020
The World Bank allocates additional $50 million to Ukraine to support vulnerable populations during the COVID-19 epidemic.
The Cabinet of Ministers allowed regions to direct subventions of the social and economic development primarily for the fight against the coronavirus spread.
The Deposit Guarantee Fund of Ukraine accumulated a total of UAH 10,282.6 million as of April 1, 2020, the Fund’s press service reported.
09 April 2020
Ukraine's GDP may decline by 3.5% in 2020 due to the coronavirus COVID-19 pandemic, according to the World Bank.
Ukrgasbank earned UAH 340 million as net profit in the first quarter of 2020 compared to UAH 54.3 million as the profit received in the same period last year, the bank's press service has reported.
Ukraine's international reserves exceed $25 billion and remain at the level of the year-start, according to the National Bank of Ukraine (NBU).
Foreign Minister of Ukraine Dmytro Kuleba and Minister for Foreign Affairs of Iceland Gudlaugur Thór Thórdarson agreed to accelerate the preparation of an agreement on promotion and mutual protection of investments.
08 April 2020
The National Commission for the State Regulation of Energy and Utilities of Ukraine has approved a resolution on the actions of electricity market participants during the quarantine and restrictive measures related to the spread of coronavirus disease (Covid-19).
The Ministry of Finance of Ukraine reduces expenditure on holding of festivals, forums, cultural events, salaries of state officials and non-priority spending in the state budget for 2020.
Operator of the Gas Transmission System of Ukraine LLC (OGTSU) transferred UAH 1.511 billion of taxes and fees to the budgets of all levels in the first quarter of 2020, the company’s press service reported.
The Infrastructure Ministry of Ukraine with the support of the European Investment Bank (EIB) will launch a new project “Urban Public Transport of Ukraine ІІ” for 2020, the ministry’s press service has reported.
Executive Director at Naftogaz of Ukraine Yuriy Vitrenko has said that he is preparing for additional lawsuits against Gazprom for $17.3 billion.
From March 20 to April 4, the Ukrainian government spent UAH 952 million for the purchase of goods needed to prevent the coronavirus spread, according to the Economy Ministry.