The Cabinet of Ministers of Ukraine takes out a $135 million loan from the International Bank for Reconstruction and Development to finance the healthcare project.
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.
In January-March 2020, local budgets of Ivano-Frankivsk region received UAH 1.5 million in tourist tax revenues.
Currency supply on the interbank foreign exchange market on Monday, April 6, was again significantly higher than demand, according to the National Bank of Ukraine (NBU).
President Volodymyr Zelensky has offered that new programs be created in Ukraine to assist small and medium-sized businesses during and after the coronavirus pandemic.
06 April 2020
In March 2020, the remains on bank accounts of households decreased by 2.752 billion in hryvnia equivalent and by $19 million in dollar terms.
As of March 31, 2020, gas volumes in Ukrainian underground storage facilities made up 15.9 billion cubic meters, which is one of the highest figures as of the end of March recorded over the last 10 years.
State Enterprise Ukrspyrt sold about 300,000 liters of raw materials to Ukrainian enterprises for the production of antiseptics, according to the company’s press service.
Large taxpayers transferred UAH 83.1 billion to the state budget in January-March 2020, according to the Large Taxpayers’ Office of the State Tax Service.
Ryanair was granted a temporary permit to operate up to 28 weekly flights between cities of Italy and Ukraine.
The dynamics of relations with Kazakhstan will be preserved despite the pandemic, and the arrangements have been reached to hold the second meeting of the working group on increasing Ukraine-Kazakhstan trade in the near future.
The number of vacancies in the Ukrainian labor market has decreased by 34% over the past two week of quarantine.
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
The World Bank has expressed its willingness to disburse additional funding to Ukraine as part of a joint project with the Ministry of Health "Serving People. Improving Health".
The International Monetary Fund (IMF) welcomes the Ukraine's initial parliament's adoption of legislation to strengthen the bank resolution framework and looks forward to its final approval, IMF Resident Representative in Ukraine said on Saturday.
03 April 2020
A solar power plant with a capacity of 8 MW will be built in Kharkiv region this year, the press service of Kharkiv Regional State Administration reports.
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.
Ukraine is interested in increasing bilateral cooperation with South Korea, in particular, in the trade sector and direct investments.
Ukraine intends to build new supply chains of its products in the world markets, especially in Asia, and Singapore is one of the key countries in this context.
The Cabinet of Ministers has raised its 2020 inflation forecast to 11.6% from a previous estimate of 5.5%.
Ukraine has exported 46.04 million tonnes of grain crops and legumes since the beginning of the 2019/2020 marketing year (MY; started July 1, 2019), which is 22.5% more compared with the relevant period last year.
Ukraine International Airlines (UIA) plans to perform cargo operations, UIA President Yevhenii Dykhne announced.
The World Bank has welcomed the adoption by the Verkhovna Rada of Ukraine of the law to launch a land market in the country. However, it calls for the adoption of a number of additional legislative acts.
The Cabinet of Ministers at its extraordinary meeting approved a resolution prohibiting buckwheat exports until 1 July.
02 April 2020
Ukrainian Prime Minister Denys Shmyhal and Minister for Economic Development, Trade and Agriculture Ihor Petrashko have discussed activities with representatives of the American Chamber of Commerce in Ukraine amid the coronavirus quarantine.
The Cabinet of Ministers has permitted the sale of spare parts for vehicles, day-old poultry and the work of pawnshops and credit unions during the quarantine period, the press service of the Ministry of Economic Development, Trade and Agriculture of Ukraine has reported.
The Ukrainian market of new commercial vehicles decreased by 16% in January-March 2020 compared with the relevant period of the last year, according to the Ukrainian Motor Vehicle Manufacturers Association UkrAutoProm.
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’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).
State Enterprise Ukrspyrt has received the right to produce disinfectants at its factories until April 30, the company’s press service has reported.
In the first quarter of 2020, the transit of Russian gas through Ukraine amounted to 11.1 billion cubic meters.
In March 2020, revenues of the state budget amounted to UAH 87.92 billion, which is UAH 10.4% or UAH 10.19 billion less than the target, according to data provided by the State Treasury Service.
President Volodymyr Zelensky has signed the law on providing additional social and economic guarantees during the coronavirus quarantine, according to the president’s press service.
01 April 2020
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.
Ukraine and China are interested in developing and strengthening strategic partnership, in particular in the context of implementation of the One Belt One Road initiative.
In 2019, the number of registered unemployed in Ukraine decreased by 5.7%, to about 1.49 million, according to the State Statistics Service.
The Ukrainian national supermarket chain Silpo has allocated UAH 100 million to purchase equipment for hospitals and protective equipment for healthcare workers, the company’s press service reports.
Ukraine’s total household income grows to almost UAH 3.7 trillion in 2019 - State Statistics Service
In 2019, Ukraine’s total household income amounted to UAH 3,699 billion, which is UAH 479 billion more compared to 2018, according to the State Statistics Service.
In January-March 2020, 20.3 thousand new passenger cars were registered in Ukraine, which is 11% more than in the relevant period last year, according to the Ukrainian Motor Vehicle Manufacturers Association, UkrAutoProm.
Minister of Foreign Affairs of Ukraine Dmytro Kuleba met with Ambassador of the Republic of Korea to Ukraine Kwon Ki-Chang.
31 March 2020
The coronavirus pandemic has a negative impact on industrial production, but the demand for food products is growing so Ukraine has good potential to increase exports of agricultural products.
The Economic Development, Trade and Agriculture Ministry of Ukraine sets up a working group to implement the Law of Ukraine "On Amendments to Certain Legislative Acts of Ukraine on the Circulation of Agricultural Land", according to which the land market opening is scheduled for July 1, 2021.
Ukraine's national postal operator Ukrposhta will start providing the international Express Mail Service (EMS) from April 1, according to the company’s website.
The Antimonopoly Committee of Ukraine (AMCU) has demanded that advertisers, advertising holdings and television channels not create or distribute advertisements that may mislead citizens about the ability of medicines to prevent or treat coronavirus disease (COVID-19), the committee's press service has reported.
From 19 to 27 March, SkyUp Airlines performed more than 100 special flights to 30 countries to evacuate more than 20,000 people, according to the company’s website.
JSC Ukrzaliznytsia may incur losses in the amount between UAH 6 and 10 billion in the first half of 2020, according to acting Board Chairman of Ukrzaliznytsia Željko Marček.
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.
Ukraine’s Economic Development Ministry will make efforts to create conditions for industrial development as Ukraine currently faces industrial crisis, not financial.
NEQSOL Holding, the owner of telecom operator Vodafone Ukraine, will give Ukraine USD 1 million to fight the coronavirus spread, according to the company’s press service.
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.
Default is possible in Ukraine without external support from international financial institutions, but the government is doing its best to keep the country financially stable, Ukrainian Prime Minister Denys Shmyhal has said.
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
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.
The updated Council of Exporters and Investors will operate at the Ministry of Foreign Affairs of Ukraine.
The Cabinet of Ministers has proposed that expenditures on the central government bodies be reduced by UAH 1 billion.
In February 2020, Ukraine's state and government-guaranteed debt estimated in the national currency decreased by 1.46%, and grew by 0.02% in the foreign currency, according to the Finance Ministry.
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.
President of Ukraine Volodymyr Zelensky has called on MPs to adopt at an extraordinary meeting two laws needed to receive assistance from international financial partners.
The Cabinet of Ministers has developed new amendments to the state budget and updated its macroeconomic forecast.