Uber Eats to close down in Ukraine on June 3
Uber will end the operations of its food delivery service Uber Eats in Ukraine from June 3, 2020, the company's press service has said in a letter seen by Ukrinform.
Economy
Situation in Ukraine's economy extremely difficult - Shmyhal
The situation in Ukraine's economy is extremely difficult due to lockdown measures aimed at combating the spread of coronavirus disease (COVID-19), Prime Minister Denys Shmyhal has said.
04 May 2020
Ukraine, Latvia to double efforts to develop trade and economic cooperation
Foreign Minister of Ukraine Dmytro Kuleba and Minister of Foreign Affairs of the Republic of Latvia Edgars Rinkēvičs discussed the development of economic and trade cooperation between the two countries despite the negative impact of the COVID-19 pandemic.
Pension Fund transfers UAH 2.6 bln for pension payments since start of May
Since the beginning of May, the Pension Fund of Ukraine has transferred UAH 2.6 billion for the payment of pensions.
Ukraine’s market of new passenger cars decreased by half - UkrAutoProm
In April 2020, Ukrainians purchased and registered 3,700 new cars, which is down by half compared with April 2019, according to the Ukrainian Motor Vehicle Manufacturers Association, UkrAutoProm.
Energy security of Ukraine and Poland: Construction of Baltic Pipe starts
Construction of the Baltic Pipe gas pipeline starts simultaneously in Poland and Denmark so that Poland and other countries in the region, including Ukraine, could become energy independent of Russia.
State Forest Resources Agency regenerated over 22,000 ha of forests this year
Almost 122 million trees have been planted in Ukraine since the start of spring forest-cultivation campaign, according to the State Forest Resources Agency of Ukraine.
NAPC, State Property Fund sign memorandum of cooperation
The National Agency for Prevention of Corruption (NAPC) and the State Property Fund have signed a Memorandum of Cooperation, the agency’s press has reported.
NBU: Volume of remittances by labor migrants to Ukraine expected to decrease in 2020
The volume of transactions by labor migrants to Ukraine is expected to decrease from USD 12.5 billion to USD 10 billion in 2020.
Economy Ministry, entrepreneurs discuss steps to restore and develop industry
Ukrainian Economy, Trade and Agriculture Minister Ihor Petrashko and relevant associations have discussed steps to restore and develop the industry.
Makohon: Ukraine will lose up to $3 bln annually if Nord Stream 2 launched
Ukraine has almost completely lost its gas transit from the Russian Federation to Turkey, Greece, and Bulgaria after the first line of the TurkStream gas pipeline was launched.
Ukraine’s inflation remained low in April - NBU
Ukraine’s inflation remained low in April 2020 – below 3% in annual terms, the National Bank of Ukraine (NBU) said in its Inflation Report for April 2020.
NBU forecasts 11% decline in Ukrainian economy in Q2 2020
The National Bank of Ukraine (NBU) in its Inflation Report for April 2020 forecasts that the Ukrainian economy will decline by 11% in annual terms, unemployment will rise to about 12% in seasonally adjusted terms, and wage growth will halt.
Infrastructure industries need 150,000 new specialists – Kryklii
Despite the coronavirus crisis, infrastructure and related industries need to attract 150,000 new specialists, Ukrainian Infrastructure Minister Vladyslav Kryklii has said.
02 May 2020
Ukravtodor to receive second tranche of loan under state guarantees in June
The State Agency of Automobile Roads of Ukraine (Ukravtodor) plans to receive the second tranche of the loan under state guarantees in June 2020.
Zelensky promises 3-5% loan program for SMEs
The state will act as a guarantor for small and medium-sized enterprises (SMEs) who want to take out a loan, Ukrainian President Volodymyr Zelensky has said.
30 April 2020
Ukreximbank, Ukravtodor sign agreement on financing road repairs
JSC Ukreximbank and the State Agency of Automobile Roads of Ukraine (Ukravtodor) have signed an agreement on financing of road construction in the amount of more than UAH 5.7 billion.
Ukraine exports fish products for over $1 mln in Jan-Feb
Ukraine delivered 437 tonnes of ready-to-eat and canned fish to foreign markets in the first two months of this year for more than $1 million, Ukraine's State Fisheries Agency has reported, with reference to the State Statistics Service.
Ukrgasvydobuvannya invested almost UAH 23 bln in hydrocarbon production in 2019
In 2019, JSC Ukrgasvydobuvannya invested UAH 22.9 billion, or 22% of its cash income over the past year, in the production of gas and liquid hydrocarbons, the company’s press service reported.
PM Shmyhal holds first meeting of anti-crisis energy headquarters
On Wednesday, April 29, the Cabinet of Ministers summoned the first meeting of the Anti-Crisis Energy Headquarters chaired by Prime Minister Denys Shmyhal.
Ukraine’s Government ready to negotiate with European countries on employment of seasonal workers
The Cabinet of Ministers is ready to hold talks with European countries on the official employment of Ukrainian seasonal workers.
Pension Fund starts financing pensions for May
The Pension Fund of Ukraine has started to finance pensions for May 2020, the Fund’s press service has reported.
29 April 2020
Wizz Air announces launch of five new flights from Lviv in July
Hungary’s low-cost airline Wizz Air has announced it will open five new flights from Lviv starting from July, the press service of Lviv International Airport reports on Facebook.
Average salary of Ukrainians grows by almost 12% – State Statistics Service
The average salary of Ukrainians in March 2020 amounted to UAH 11,446, which is 11.8% more than in March 2019, the State Statistics Service has reported.
Government appoints Liubchenko as State Tax Service head
The Cabinet of Ministers has appointed Oleksiy Liubchenko as chairman of the State Tax Service, according to a government representative in the Verkhovna Rada, Vasyl Mokan.
Ukrainian government allows food markets to reopen
The Cabinet of Ministers has supported the criteria developed by the health and economy ministries that enable food markets to resume their operations, Prime Minister Denys Shmyhal has reported on Telegram.
NBU to put UAH 10 coins into circulation in June
The National Bank of Ukraine (NBU) will put into circulation UAH 10 coins that will gradually replace the relevant paper banknotes, according to the central bank’s press service.
NBU to put UAH 10 coins into circulation in June
The National Bank of Ukraine (NBU) will put into circulation UAH 10 coins that will gradually replace the relevant paper banknotes, according to the central bank’s press service.
Social Policy Ministry: 8.4 mln retirees to get raised pensions in May
Social Policy Minster Maryna Lazebna has said that 8.4 million Ukrainian retired persons will receive raised pensions in May.
Finance Ministry replenishes state budget with UAH 9.86 bln from domestic bonds’ sale
The Ukrainian Finance Ministry attracted UAH 9.86 billion to the state budget as a result of the sale of government domestic loan bonds on April 28, 2020, the Finance Ministry’s press service reported.
Naftogaz receives UAH 63.3 bln in net profit in 2019
The consolidated net profit of NJSC Naftogaz of Ukraine reached UAH 63.3 billion in 2019, according to the company’s press service.
Energy Ministry intends to accelerate Ukraine’s integration with ENTSO-E
The Ukrainian Ministry of Energy and Environmental Protection is planning to accelerate the integration of Ukraine with the European power grid ENTSO-E.
28 April 2020
UIA to perform 11 special flights to return Ukrainians in early May
Ukraine International Airlines will perform 11 special flights to return Ukrainians from abroad, the company has reported on Facebook.
Ukraine already exported almost 50 mln tonnes of grain
Ukraine has exported 49.99 million tonnes of grain and leguminous crops in the current marketing year, which is 7.7 million tonnes more than in the same period of the previous marketing year, according to the Information and Analytical Portal of Ukraine’s Agro-Industrial Complex.
UkraineInvest to open its offices in each region
UkraineInvest (Ukraine Investment Promotion Office) plans to open its offices in each region.
Zelensky signs law on sale of agricultural land
Ukrainian President Volodymyr Zelensky has signed into law a bill introducing amendments to certain legislative acts of Ukraine on the terms of sale of agricultural land, which was approved by the Verkhovna Rada on March 31, 2020, the Office of the President has reported.
PM Shmyhal: Great Construction program will create new jobs in Ukraine
As part of the Great Construction program, at least 170,000 new jobs will be created in Ukraine, according to Prime Minister Denys Shmyhal.
Bakanov, Abromavicius discuss Ukroboronprom reform
The Security Service of Ukraine (SBU) intends to provide expert assistance to State Concern Ukroboronprom in order to ensure more efficient and transparent reform of the state-owned concern, according to the SBU press service.
Small business support initiative launched in Ukraine
Inprime and MediaHub organized and lunched #DigitalDopomoha program to support Ukrainian small and medium-sized business affected by the coronavirus pandemic.
Lithuanian president speaks about plans of European companies to invest in Ukraine
During a phone conversation with Ukrainian President Volodymyr Zelensky, Lithuanian President Gitanas Nausėda noted the importance of anti-corruption measures needed for European companies that are considering significant investments in Ukraine.
Finance Ministry to review IT capabilities of State Fiscal Service
The Ukrainian Finance Ministry is launching a comprehensive review and analysis of IT capabilities of the State Fiscal Service, according to the ministry’s press service.
Zelensky says gas price for households lowest in four years
Ukrainian President Volodymyr Zelensky has said that the price of natural gas for households shrank by another 15% in April 2020 and has become the lowest in the past four years.
Ukrainian president announces two lending programs
Ukrainian President Volodymyr Zelensky has welcomed the decision by the National Bank of Ukraine (NBU) to reduce the discount rate and said it allows other banks to reduce interest rates on loans to businesses and individuals.
27 April 2020
Ukraine hopes to get $3.5 bln from IMF this year – finance minister
Ukraine could receive two tranches of $1.75 billion each from the International Monetary Fund (IMF) in 2020, Ukrainian Finance Minister Serhiy Marchenko has said.
Intercity passenger transportation could be resumed from May 12
The Ministry of Infrastructure of Ukraine plans to resume the operation of suburban and intercity bus and rail services in Ukraine from May 12. However, this will depend on the coronavirus spread rates.
Shmyhal counts on further fruitful cooperation with IMF
Ukraine values cooperation with the International Monetary Fund (IMF) and hopes for further fruitful cooperation, Ukrainian Prime Minister Denys Shmyhal has said on Twitter.
NBU hopes for support of banking bill
The National Bank of Ukraine (NBU) has said it hopes that MPs will adopt bill No. 2571-d on banking regulation, which the Verkhovna Rada committee on finance, tax and customs policy recommended to support at second reading and as a whole, the NBU's press service has reported on Facebook.
Government to consider possible reopening of farmers’ markets – Shmyhal
The Cabinet of Ministers will consider the issue of resuming the operation of some farmers’ markets in Ukraine, according to Prime Minister Denys Shmyhal.
More than 3.5 mln trees planted in mountainous areas of Ukrainian Carpathians
Forest enterprises have already planted more than 3.5 million trees in mountainous areas of the Ukrainian Carpathians this year, according to the State Forest Resources Agency of Ukraine.
Cabinet to appoint new heads of Tax and Customs Services under simplified procedure
The Cabinet of Ministers will appoint new heads of the State Tax and State Customs Services under the simplified procedure, according to Finance Minister Serhiy Marchenko.
PM Shmyhal: Situation in customs and tax services requires comprehensive approach
The situation in Ukraine’s customs and tax services requires a comprehensive approach, not just the dismissal of senior officials.
NBU reports of suspicious transactions by clients of 7 banks to law enforcers in Q1 2020
The National Bank of Ukraine (NBU) provided law enforcement bodies with information about suspicious transactions by clients of seven banks and two non-banking financial institutions in Q1 2020, according to the press service of the central bank.
25 April 2020
Saakashvili on importance of cooperation with IMF: It’s artificial respiration for economy
Former president of Georgia and candidate for the post of Ukraine’s Vice Prime Minister Mikheil Saakashvili likened cooperation with the International Monetary Fund to an artificial respirator for the Ukrainian economy.
24 April 2020
Kuleba, Asselborn discuss cooperation in restoring Luhansk region
Ukrainian Foreign Minister Dmytro Kuleba has discussed with Minister of Foreign and European Affairs of Luxembourg the cooperation in restoring Luhansk region.
Parliament plans to renew state oversight of nuclear energy use
The Verkhovna Rada of Ukraine has adopted a bill on the amendments to certain laws of Ukraine on the safety of nuclear energy use at first reading.
Ukraine rises to 11th place in ranking of world's largest steel producers
Ukraine took 10th place in the ranking of world's largest pig iron producers and climbed to 11th place in the ranking of world's largest steel producers in the first quarter of 2020.
Deposits of individuals in Deposit Guarantee Fund’s banks total UAH 520 bln
The total amount of deposits of individuals in banks-participants of the Deposit Guarantee Fund amounted to UAH 520.24 billion as of April 1, 2020, according to the Fund’s press service.
Ukrzaliznytsia pays almost UAH 22 bln in taxes in 2019
JSC Ukrzaliznytsia paid over UAH 21.8 billion in taxes and fees to budgets of all levels in 2019, according to the company’s press service.
NBU decreases planned volumes of interventions to buy foreign currency to $20 mln a day
The National Bank of Ukraine (NBU) has reduced the planned volume of interventions to buy foreign currency in the interbank foreign exchange market from $50 to $20 million per day, according to the central bank’s press service.