Economy

PrivatBank increases lending by 15%

PrivatBank increases lending by 15%

PrivatBank increased the number of target loans and mortgage loans to small and medium-sized enterprises (SMEs) by 15% in March 2020, the bank's press service has reported.

06 April 2020

Experts predict 5.9% drop in Ukraine's real GDP in 2020

Experts predict 5.9% drop in Ukraine's real GDP in 2020

A gradual economic recovery in Ukraine is expected in the second half of 2020, but economic activity will remain lower than before the crisis and real GDP may drop by 5.9% this year, Ukraine's Institute for Economic Research and Policy Consulting has said in a survey for April 2020 entitled "Ukraine's Macroeconomic Forecast – Corona Crisis."

04 April 2020

03 April 2020

Online public services to change Ukraine, President promises

Online public services to change Ukraine, President promises

President of Ukraine Volodymyr Zelensky praised the fact that 27 public services, including the first simplified services for self-employed individuals, are already available online on the web portal "Diia" launched by the Ministry of Digital Transformation of Ukraine.

02 April 2020

Consolidation of the meat industry during a crisis will solve a number of problems

Consolidation of the meat industry during a crisis will solve a number of problems

Today Ukraine faces a crisis, the consequences of which cannot be fully predicted, but it is obvious that it will affect all economic processes and citizens’ social status. Food production is also undergoing structural changes: consumer behaviour changes, buyers become more price-sensitive, and some distribution channels, such as markets or HoReCa, are cut off or narrowed down for an undefined period.

Ukraine increases gas imports to 2.7 bcm in Q1 2020

Ukraine increases gas imports to 2.7 bcm in Q1 2020

Ukraine’s imports of natural gas rose to 2.7 billion cubic meters (bcm) in the first quarter of 2020, which is 76% higher than in the relevant period of the last year, according the LLC Operator of the Gas Transmission System of Ukraine (OGTSU). 

01 April 2020

No grounds to impose currency restrictions - NBU

No grounds to impose currency restrictions - NBU

The National Bank of Ukraine (NBU) has said there are no grounds to impose currency restrictions despite the not very favorable macroeconomic situation in Ukraine, the central bank's press service has reported on Facebook, following an online communication of the NBU Board with EBA representatives.

31 March 2020

Ukrposhta joins EMS global network

Ukrposhta joins EMS global network

Ukraine's national postal operator Ukrposhta will start providing the international Express Mail Service (EMS) from April 1, according to the company’s website.

NBU explains importance of law on non-return of banks to former owners

NBU explains importance of law on non-return of banks to former owners

The bill on the non-return of banks to their former owners guarantees the inevitability of banks' withdrawal from the market, changes the procedure for appealing against decisions of the National Bank of Ukraine (NBU) and other state bodies in the process of withdrawing banks from the market, and leaves such a phenomenon as "zombie banks" in the past, according to Head of the Office of the NBU Board Arsen Makarchuk.

Ukrainian government still has a lot to do to build fair land market - Yermak

Ukrainian government still has a lot to do to build fair land market - Yermak

The Cabinet of Ministers still has a lot to do to build a transparent land market in Ukraine - from the creation of an efficient land cadastre to systematic support for farmers, Head of the Office of the President Andriy Yermak has reported on Facebook following the parliament's adoption of a law opening the country's land market.

Parliament adopts land market law

Parliament adopts land market law

The Verkhovna Rada of Ukraine adopted the Law of Ukraine "On Amendments to Some Legislative Acts of Ukraine on the Circulation of Agricultural Land" at an extraordinary sitting on March 30.

30 March 2020

Zelensky: IMF assistance is very important to us

Zelensky: IMF assistance is very important to us

Ukrainian President Volodymyr Zelensky has emphasized the importance for Ukraine of assistance from the International Monetary Fund (IMF) and called on MPs to adopt the land and banking laws needed to obtain it.

Ukrainian government reviews GDP forecast

Ukrainian government reviews GDP forecast

The Ukrainian government has specified the macroeconomic forecast for 2020, in particular, having reviewed Ukraine's GDP forecast for 2020, the Ministry of Economic Development, Trade and Agriculture of Ukraine has reported on Facebook.

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