More than UAH 80 billion will be allocated for road repair in 2020. This is an unprecedented amount preserved in the updated State Budget of Ukraine.
The National Bank of Ukraine (NBU) expects that Ukraine will receive a tranche of USD 2 billion from the International Monetary Fund in the second quarter of 2020.
Ukraine's foreign exchange reserves will reach over $27 billion at the end of 2020, Deputy Governor of the National Bank of Ukraine (NBU) Dmytro Solohub has said.
Prime Minister of Ukraine Denys Shmyhal has assured that Ukraine's economy works, except for six areas.
The Ukrainian economy will decline by 5% in 2020 but will resume growth at around 4% in the coming years.
Fitch Ratings has affirmed Ukraine's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B'.
The National Bank of Ukraine (NBU) has decided to reduce the discount rate to 8%.
NJSC Naftogaz of Ukraine has cut the gas price for the population to UAH 2.9 per cubic meter in April 2020, according to the company’s press service.
President of Ukraine Volodymyr Zelensky expressed his hope that the Verkhovna Rada would adopt all the decisions necessary to sign a memorandum of cooperation with the IMF.
The Pension Fund of Ukraine has directed UAH 32.9 billion for pension payments since April began.
President Volodymyr Zelensky has said that it is necessary to create a state-owned airline in Ukraine, the fleet of which will consist of domestic-made aircraft.
22 April 2020
The Cabinet of Ministers of Ukraine allocated UAH 25 million to eliminate the consequences of fires in Zhytomyr region, Prime Minister Denys Shmyhal has said.
The European Commission has decided to provide EUR 1.2 billion of macro-financial assistance to Ukraine to tackle the COVID-19 pandemic
Ukraine’s buckwheat imports reached UAH 115 million in January-March 2020, which is 6.5 times more than in the relevant period of 2019, according to the State Customs Service.
The fortune of Ukrainian oligarch and Ukraine's richest man Rinat Akhmetov has tumbled 80% over the past seven years, according to Bloomberg.
The National Bank of Ukraine (NBU) 36 times opened access for the law enforcement agencies to information in the scope of financial criminal investigations in the banking sector in January-March 2020, the press service of the central bank reported.
The number of passengers served by Ukrainian transport companies in January-March 2020 decreased by 16.3% compared with the relevant period in 2019, to 19.6 billion passenger-kilometers, according to the data provided by the State Statistics Service of Ukraine.
21 April 2020
The coronavirus quarantine in Ukraine has reduced crime rates overall, but the Internet fraud rate has increased by 15%.
Exports of agricultural machinery from Ukraine shrank by 9.4% in 2019, to $37.6 million, the head of the department of investment and logistics of the Institute of Agrarian Economics, Oleksandr Zakharchuk, has said.
State Enterprise Ukrspyrt has already sold 2.6 million liters of disinfectant to Ukrainian enterprises for the production of antiseptics, according to the company’s press service.
The audit conducted by the Accounting Chamber of Ukraine found that UAH 139 million was used inefficiently to support the activity of general courts of appeal in 2018-2019, according to the press service of the Accounting Chamber.
Ukraine can offer Europe 10 billion cubic meters of gas in the underground gas storage facilities to accumulate the fuel for 2020-2021.
JSC Ukrtransgaz has called on the Cabinet of Ministers of Ukraine to abolish the obligation to pay customs duties for storing natural gas in underground gas storage (UGS) facilities in “the customs warehouse” regime, according to the company’s press service.
18 April 2020
Scheduled flights inside Ukraine may be resumed in September or even by summer’s end.
President of Ukraine Volodymyr Zelensky is committed to the cooperation with the International Monetary Fund and does not consider it expedient to take risks under the current conditions and bring the economy to default.
17 April 2020
The Great Construction nationwide project is an important tool for regional development.
The Great Construction nationwide project is an important tool for regional development.
The Pension Fund of Ukraine has transferred another UAH 4.9 billion for pension payments.
The Verkhovna Rada Committee on Finance, Taxation and Customs Policy will start consideration of the Draft Law “On Amending Legislative Acts of Ukraine to Improve Certain Mechanisms of Banking Activity Regulation” at second reading on Tuesday, April 21.
Expenditures for the Cabinet of Ministers have been reduced by UAH 1 9 billion, according to amendments to the 2020 state budget adopted by the Verkhovna Rada.
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.