Sales of services in Ukraine decreased by 2% in Q1 2020
Services worth UAH 227 billion were sold in Ukraine in January-March 2020, which is 1.7% less than in the relevant period of 2019, according to the State Statistics Service.
Economy
Large, medium-sized enterprises in Ukraine report almost UAH 5 bln in losses in Q1 2020
Large and medium-sized enterprises of Ukraine suffered losses of UAH 4.9 billion in the first quarter of 2020, whereas in the same period of 2019 they received UAH 111.1 billion in profit, Ukraine's State Statistics Service has reported.
Government intends to split Energy Ministry into two ministries – PM Shmyhal
The Cabinet of Ministers intends to divide the Ministry of Energy and Environmental Protection into two ministries, according to Prime Minister Denys Shmyhal.
25 May 2020
Pension Fund completes financing pensions for May
The Pension Fund of Ukraine completed to finance pension payments for May, having allocated UAH 38.7 billion.
Shmyhal sees introduction of accumulation pension system from 2021 as realistic
Ukrainian Prime Minister Denis Shmyhal has said that he sees the introduction of an accumulation pension system in Ukraine from January 1, 2021 as quite realistic.
NBU provides refinancing to six banks for UAH 1.5 bln
The National Bank of Ukraine (NBU) provided UAH 1.459 billion in refinancing to six banks on May 22, the NBU's press service has reported.
Deposits of individuals in Deposit Guarantee Fund’s banks total UAH 524 bln
As of May 1, 2020, the amount of deposits of individuals in member banks of the Deposit Guarantee Fund made up UAH 524.33 billion, according to the Fund’s press service.
Sumy region exports agricultural products to 10 countries in 2020
This year, Sumy region has exported its agricultural products to ten countries of the world.
NBU: Remittances from Ukrainian migrant workers may decrease by $2 bln in 2020
Due to the coronavirus pandemic and quarantine restrictions, remittances from Ukrainian migrant workers are expected to amount to $10 billion in 2020, which is $2 billion less than last year, according to the National Bank of Ukraine (NBU).
23 May 2020
Gas price for population in May reduced by 21% – Naftogaz
In May 2020, NJSC Naftogaz of Ukraine has cut the gas price for the population by 21%.
22 May 2020
Pension Fund allocates another UAH 3.8 bln for May pension payments
The Pension Fund of Ukraine has allocated another UAH 3.8 billion to finance pension payments for May.
Ukraine hopes to update Association Agreement with EU – Economy Ministry
Ukraine hopes to start updating the Association Agreement with the EU, which is an important issue in the current situation with international trade.
Local budgets receive almost UAH 5 bln in revenues from real estate taxes in 2019
In 2019, local budgets received UAH 4.9 billion in revenues from real estate taxes, which is UAH 1.2 billion more than in 2018, according to the Finance Ministry.
Wheat stocks in Ukraine fall by 16.2% – experts
As of May 1, 2020, wheat grain resources in Ukraine decreased by 16.2% compared to the same date of the previous year, according to UkrAgroConsult consulting agency.