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.
The Ukrainian government has made progress in the application of International Public Sector Accounting Standards (IPSAS), the World Bank said in the 2019 Ukraine Public Expenditure and Financial Accountability (PEFA) Assessment report published on April 13.
Ukrainian Prime Minister Denys Shmyhal has said he hopes that economic growth in Ukraine will resume in the second half of the year thanks to the joint efforts of the authorities.
13 April 2020
The Verkhovna Rada has rejected all 13 draft resolutions proposing to cancel the land market bill.
UAH 4 billion to support Ukrainian farmers have been preserved in the state budget.
The Verkhovna Rada adopted the Law of Ukraine “On Amendments to Some Laws of Ukraine on the Introduction of Single Account for Paying Taxes and Duties, Single Social Security Contribution”, taking into account the proposals of President Volodymyr Zelensky.
The Verkhovna Rada adopted the Law of Ukraine "On National Geospatial Data Infrastructure" (bill No. 2370) which established free access to relevant information for citizens and economic entities.
The Verkhovna Rada, Ukraine's parliament, has approved amendments to the country's state budget 2020 at first reading and as a whole.
The action plan of the Cabinet of Ministers of Ukraine submitted to the Verkhovna Rada is aimed at overcoming the risks to life and health of Ukrainian citizens in the short term, as well as restoring economic growth in the long term.
The Pension Fund of Ukraine has already transferred UAH 19.1 billion for pension payments since the start of April.
The air traffic in Ukraine fell by 37.5% in March 2020 compared to the relevant period last year, according to the Ukrainian State Air Traffic Services Enterprise (UkSATSE).
The National Bank of Ukraine (NBU) provided UAH 260 million in refinancing to three banks on April 10, the central bank’s press service reported.
The Cabinet of Ministers of Ukraine has proposed that expenditures for the Pension Fund be raised by UAH 29.7 billion.
The works on 150 sites have already started within the Great Construction project, and more than 6,000 kilometers of national and local roads are planned to be built this year.
JSC Ukrzaliznytsia does not plan to raise ticket prices after quarantine.
11 April 2020
If Ukraine has limited external borrowing opportunities, the Government will be forced to take other radical steps.
The Government of Ukraine is in talks to increase electricity export capacities.