Draft state budget for 2022 includes UAH 3B for affordable loans’ program – Finance Ministry
The draft state budget for 2022 provides for UAH 3 billion for the program to support Ukrainian entrepreneurs "Affordable Loans at 5-7-9%".
Economy
21 September 2021
Finance minister: Doctors, service members, veterans are key priorities of 2022 draft budget
The state budget for 2022 is a budget of investment in people, the country, and the future, and its priority is to support doctors, who are at the forefront of the fight against the coronavirus, as well as the military and veterans.
Ukrainian solvent banks received UAH 45.6B in profit in Jan-Aug 2021
The net profit of Ukrainian solvent banks amounted to UAH 45.6 billion in January-August 2021, which is UAH 13 billion more than in the same period last year.
Ukroboronprom doubled its net profit in H1 2021
In the first half of 2021, 78 enterprises of Ukroboronprom State Concern received UAH 517.6 million in net profit, which is 2.1 times more than in the same period last year.
Over 21% of state budget 2022 costs set to cover national security, defense - finance minister
The draft state budget for 2022 envisages 21% of expenditures on the security and defense sector.
Deposit Guarantee Fund paid UAH 10.9M to depositors of insolvent banks in August
In August 2021, the Deposit Guarantee Fund paid UAH 10.9 million to depositors of insolvent banks within the guaranteed refund program, according to the Fund’s press service.
IMF starts virtual mission to Ukraine
The International Monetary Fund (IMF) has started a virtual mission to Ukraine, according to Bloomberg.
20 September 2021
Ukraine's GDP grows by 5.7% in Q2 2021 – State Statistics Service
Ukraine's gross domestic product increased by 5.7% compared in the second quarter of 2021 compared to the same period in 2020, the State Statistics Service has reported.
Ukraine ready to transport twice as much gas as Russian 'streams' combined - Makogon
The annual capacity of the Ukrainian gas transit system is 146 billion cubic meters of natural gas, which allows Ukraine to transport almost twice as much gas as the Nord Stream 1 and Nord Stream 2 gas pipelines combined because they can pump only 55 billion cubic meters of gas per year, according to Sergiy Makogon, General Director of the Gas Transmission System Operator of Ukraine (GTSOU).
Ukraine to develop wellness, business tourism with Saudi Arabia
Ukraine intends to develop health and business tourism with Saudi Arabia and other countries of the Arabian Gulf, seeing the area as promising.
NBU expects discount rate reduction in Q2 2022
The National Bank of Ukraine (NBU) expects to start a cycle of key policy rate reduction in the second quarter of 2022.
Almost 19,000 land agreements registered in Ukraine
As of September 20, Ukraine registered 18,771 agreements on the purchase and sale of agricultural land, Ukrinform reports, referring to the press service of the Ministry of Agrarian Policy and Food.
Deposit Guarantee Fund repays another UAH 2B to Finance Ministry ahead of schedule
The Deposit Guarantee Fund of Ukraine has transferred UAH 2.07 billion ahead of schedule under its obligations to the Finance Ministry of Ukraine.
Banks provided UAH 5.5B of loans under state guarantees – Ministry of Finance
As of September 1, 2021, ten banks provided loans for a total sum of UAH 5.543 billion under state guarantees on a portfolio basis, Ukrinform reports with a reference to the Finance Ministry’s press service.
Ukraine achieved significant results in fulfilling its obligations to IMF - Ministry of Finance
Ukraine has achieved significant results in fulfilling its obligations under the International Monetary Fund’s Stand-by Program.
NBU provides UAH 217M in refinancing to four banks
The National Bank of Ukraine (NBU) provided a total of UAH 217 million in refinancing to four banks, Ukrinform reports, referring to the central bank’s press service.
Ukrainian farmers gathered almost 46M tonnes of grain and leguminous crops
Ukrainian farmers have harvested 45.7 million tonnes of grain and leguminous crops so far, Ukrinform reports with reference to the press service of the Ministry of Agrarian Policy and Food.
Foreign direct investment grew by $2.7B in H1 2021 – PM Shmyhal
In the first half of the current year, foreign direct investment in Ukraine increased by $2.7 billion compared to the same period last year, according to Prime Minister of Ukraine Denys Shmyhal.
18 September 2021
Ryanair eyes expansion in Ukraine
Ryanair CEO Michael O'Leary says that the Irish low-cost carrier plans to significantly expand its presence in the Ukrainian market.
17 September 2021
Ukrainian minister, Danish ambassador discuss cooperation under Danida Business Finance program
Ukraine's Deputy Prime Minister, Minister for Reintegration of Temporarily Occupied Territories Oleksii Reznikov has met with Danish Ambassador to Ukraine Ole Egberg Mikkelsen to discuss the implementation of the Danida Business Finance program in Ukraine, according to a statement posted on the website of the Ministry for Reintegration of Temporarily Occupied Territories of Ukraine.
Stefanchuk, U.S. Treasury official discuss reforms in Ukraine's economic, financial spheres
First Deputy Speaker of the Verkhovna Rada Ruslan Stefanchuk has discussed reforms in Ukraine's economic and financial spheres at a meeting with Acting Under Secretary of International Affairs at the U.S. Department of the Treasury Andy Baukol.
National security committee recommends parliament to approve bill on oligarchs at second reading
The Verkhovna Rada Committee on National Security, Defense and Intelligence recommends that Parliament adopt at second reading the bill "On Prevention of Threats to National Security Related to Excessive Influence of Persons Who Have Significant Economic or Political Weight in Public Life (Oligarchs)".
Ukraine, Germany continue energy efficiency cooperation - Bezus
Ukraine and Germany continue the cooperation in implementing modern energy efficiency policy for sustainable development and improving the welfare of society, Valariy Bezus, Head of the State Agency on Energy Efficiency and Energy Saving of Ukraine, has said at the second meeting of the Coordinating Committee of the Ukrainian-German Energy Partnership.
$1,000 per 1,000 cubic meters: how to repel Gazprom-driven crisis
The key question is whether the gas shortage Europe has faced, which has led to a sharp price hike, can already be seen as Russia using energy as geopolitical weapon?
Government seeks to reduce shadow economy to 25% - Economy Ministry
The Ukrainian government is planning to draw up a three-year action plan to reduce the shadow economy in the country to 25%.
Ukraine’s cast iron production grows by almost 7%
In January-August 2021, Ukraine’s cast iron production grew by 6.8% compared with the same period last year, Ukrinform reports.
Zelensky sets up special group to counter threats from Nord Stream 2
President Volodymyr Zelensky has created a working group to develop proposals to minimize threats from the construction of gas pipelines bypassing Ukraine.
Fight against corruption, NBU independence to be on IMF mission’s agenda in Ukraine
The International Monetary Fund's review mission will start working on the Ukraine issue in a virtual format in the second half of September, set to focus on the National Bank’s independence, reforms, and strengthening of anti-corruption institutions.
16 September 2021
Milk production in Ukraine down 6.2% in eight months – statistics
Milk production in Ukraine shrank by 6.2% in January-August 2021 compared to the same period in 2020, to 6.04 million tonnes, the State Statistics Service has reported.