Ukraine interested in attracting Azerbaijani investments – Kachka
The Ministry for Development of Economy, Trade and Agriculture of Ukraine is interested in maintaining a dialogue with Azerbaijani business.
Economy
Ukraine interested in attracting Azerbaijani investments – Kachka
The Ministry for Development of Economy, Trade and Agriculture of Ukraine is interested in maintaining a dialogue with Azerbaijani business.
Ministers of Ukraine and Canada discuss development of economic cooperation
Minister for Development of Economy, Trade and Agriculture of Ukraine Ihor Petrashko held talks with Mary Ng, Minister of Small Business, Export Promotion and International Trade of Canada.
17 December 2020
Ukraine, Germany sign agreement on financial cooperation
Ukraine and Germany have signed an agreement on financial cooperation, which provides for the allocation of a EUR 214.6 million loan on special terms.
Kyiv budget revenues decrease by UAH 5B this year – Klitschko
In 2020, budget revenues of Kyiv city have decreased by UAH 5 billion, according to Kyiv Mayor Vitali Klitschko.
Senik invites Indian business to invest in Ukrainian economy
Deputy Foreign Minister of Ukraine Dmytro Senik has invited Indian business to invest in the Ukrainian economy.
Ukrgasvydobuvannya transfers UAH 712M of rent payments to local budgets
JSC Ukrgasvydobuvannya transferred more than UAH 712 million of rent payments to local budgets in January-November 2020, the company’s press service reported.
16 December 2020
Ukraine withdraws from a number of CIS energy agreements
The Government of Ukraine has adopted a resolution "On withdrawal from certain international treaties concluded within the Commonwealth of Independent States."
MPs ratify protocol on avoidance of double taxation between Ukraine and Austria
The Verkhovna Rada, Ukraine's parliament, has ratified the Protocol on Amendments to the Convention between the Government of Ukraine and the Government of Austria on Avoidance of Double Taxation and Prevention of Tax Evasion with respect to Taxes on Income and Capital Gains, the Ukrainian Finance Ministry's press service has reported.
First stage of Ukraine’s decentralization reform ends
The first stage of decentralization reform has ended this year and regional development remains one of the main priorities of the Cabinet of Ministers.
Ukraine preparing political agreement to join European Green Deal
Ukraine is preparing a political agreement to join and implement the European Green Deal.
Denmark ready to cooperate with Ukraine in shipbuilding sector – ambassador
Ambassador Extraordinary and Plenipotentiary of the Kingdom of Denmark to Ukraine Ole Egberg Mikkelsen has said that Denmark is ready to develop cooperation between the two countries in various areas, including in the shipbuilding sector.
15 December 2020
Ukraine, Qatar double bilateral trade to almost $100M - Petrashko
Trade and economic relations between Ukraine and Qatar since the beginning of 2020 have shown positive dynamics and reached the highest volume in the history of diplomatic relations between the two countries, with trade doubling to $99.15 million in the first nine months of the year, the press service of the Ministry for Economic Development, Trade and Agriculture of Ukraine has reported.
Ukraine, Germany discuss economic cooperation
The deepening of Ukrainian-German relations is the key to Ukraine's European integration.
Ukraine interested in cooperation with Germany in tourism industry
Ukraine seeks to cooperate with Germany to increase tourist flows between the two countries.
Parliament approves amendments to Budget Code
The Verkhovna Rada, Ukraine's parliament, has approved amendments to the Budget Code.
Average salary in October was UAH 10.8 thousand – Pension Fund
The Pension Fund of Ukraine approved the average wage index at UAH 10,887.46 in October 2020, according to the Fund’s website.
NBU declares Misto Bank insolvent
The Board of the National Bank of Ukraine (NBU) has decided to classify JSC Misto Bank as insolvent due to the reduction of capital ratios by 50% and more of the minimum established level, the central bank’s press service reports.
Banks issued UAH 621M under ‘Affordable Loans’ program last week
Some 265 new loan agreements worth UAH 621 million were concluded last week under the state program "Affordable Loans at 5-7-9%,” according to the Finance Ministry.
NBU simplifies procedure for conducting cash transactions for entrepreneurs
The National Bank of Ukraine (NBU) has simplified the procedure for conducting cash transactions in the national currency for individual entrepreneurs, according to the central bank’s press service.
SkyUp to perform non-scheduled flights to Georgia, Uzbekistan and Azerbaijan
Ukraine’s SkyUp Airlines will operate a number of non-scheduled flights to Georgia, Uzbekistan and Azerbaijan in December and January, the airline's press service reports.
UkSATSE received new EASA certificate
The Ukrainian State Air Traffic Services Enterprise (UkSATSE) has received a new certificate from the European Aviation Safety Agency (EASA), according to the enterprise’s press service.
14 December 2020
Ukraine's state banks write off UAH 111B worth of NPLs - NBU
Ukraine's state-owned banks wrote off UAH 111 billion worth of bad debts in January-November 2020, which allowed them to reduce the share of NPLs in their portfolios below 60% for the first time in a long time, Governor of the National Bank of Ukraine (NBU) Kyrylo Shevchenko has written on his Facebook page.
Government planning to pay off wage arrears to miners this week - Mokan
The Ukrainian government is planning to pay off wage arrears to miners this week.
World Bank again proves its support for Ukraine in overcoming effects of COVID-19 pandemic – Marchenko
Today, December 14, Ukraine and the International Bank for Reconstruction and Development (IBRD) signed the Agreement on the Second Additional Financing, aimed at overcoming the consequences of the COVID-19 pandemic, under the Social Safety Nets Modernization Project.
U.S. dollar exchange rate against hryvnia expected to decline this week - experts
This week the U.S. dollar exchange rate against the hryvnia is expected to decline to UAH 27.75, according to a weekly forecast released by Alpari analytical company.
Agrarian Club established at Embassy of Ukraine in China
The Agrarian Club was established at the Embassy of Ukraine in the People's Republic of China to promote the bilateral cooperation in the field of agriculture.
All types of motor fuel dropped in price, except for liquefied gas - State Statistics Service
In November 2020, all types of motor fuel dropped in price in Ukraine compared with November 2019, except for liquefied gas, which rose in price by 9.8%, up to UAH 12.81 per liter, according to the State Statistics Service.
EU claims victory in wood export ban dispute with Ukraine
The European Union has claimed victory in the unprocessed wood export ban dispute with Ukraine. In accordance with the ruling, Ukraine must swiftly remove its 2015 export ban.
Ukraine ready to sign CAA agreement with EU during Association Council meeting - Stefanishyna
At a meeting of the Association Council on February 11, Ukraine and the European Union will determine the modalities for renewing the Association Agreement, as well as complete the procedures for signing a Common Aviation Area agreement.
Ukrainians biggest investors in Polish real estate among foreigners
Foreigners bought 8,500 apartments in Poland in 2019, and Ukrainians bought the most - 3,200 apartments - or 37.6% of the total, the real estate portal Gethhome.pl has reported, based on data from the Polish Ministry of the Interior and Administration.
12 December 2020
World Bank grants $300M loan to Ukraine to help protect low-income families
The World Bank will provide Ukraine with an additional loan worth $300 million to overcome the consequences of the COVID-19 pandemic as part of the Social Safety Nets Modernization Project.
11 December 2020
Ukraine wants to expand Association Agreement with EU to cover pharmaceuticals, seafood
In the upcoming negotiations with the EU on the renewal of the Association Agreement, Ukraine will propose to expand its effect to cover pharmaceuticals and seafood.
Vice PM Stefanishyna: Ukraine, EU agree to sign ACAA on some products
Ukraine has agreed with the European Union to sign the Agreement on Conformity Assessment and Acceptance of Industrial Products (ACAA) on certain types of value-added products.
Shmyhal: We have ambitious goal to enter TOP-30 of Doing Business ranking
Prime Minister Denys Shmyhal states that Ukraine's entering TOP-30 of Doing Business ranking is one of the main tasks for the Government.
State Property Fund names first facilities for privatization in 2021
In the first quarter of 2021, the State Property Fund intends to launch the privatization of JSC United Mining and Chemical Company, JSC First Kyiv Machine-Building Plant (formerly Bilshovyk Plant), as well as stakes in six regional power distribution companies.
Cooperation with IMF is crucial to Ukraine's macroeconomic stability – Zelensky
President Volodymyr Zelensky says that cooperation with the International Monetary Fund (IMF) is crucial to ensuring macroeconomic stability in Ukraine.
PM Shmyhal: Ukraine awaiting IMF mission, second tranche under SBA
Ukraine is awaiting the announcement of start of the IMF mission and disbursement of the second tranche under the Stand-By Arrangement in the near future.
Macroeconomic situation in Ukraine remains stable amid global recession - Kovaliv
The macroeconomic situation in Ukraine remains stable despite the global recession in the world economy.
Ukraine hopes to liberalize bilateral trade with Jordan
The Ministry of Foreign Affairs of Ukraine is looking forward to the liberalization of bilateral trade with Jordan.
10 December 2020
NBU expects strengthened quarantine will not have much influence on economic activity
The National Bank of Ukraine (NBU) estimates that strengthened quarantine restrictions planned for January 2021 will not have much influence on economic activity, consumer demand and, accordingly, on inflation.
November consumer prices rose higher than National Bank expected – NBU governor
In November 2020, consumer prices rose by 3.8% in annual terms and by 1.3% in monthly terms, which was slightly more than the National Bank of Ukraine (NBU) had expected.
NBU keeps discount rate at 6%
The National Bank of Ukraine (NBU) has decided not to change the discount rate and leave it at the level of 6%, NBU Governor Kyrylo Shevchenko says.
UIA plans to gradually restore route network from March 28
Ukraine International Airlines (UIA) will gradually restore the original network of routes starting from March 28, 2021, according to the company’s website.
Government introduces tax benefits for aircraft manufacturers
The Cabinet of Ministers has approved a decision to exempt aircraft manufacturers from paying import duties and value added tax on certain goods.
Ukraine, Yemen discuss prospects for development of trade relations
Deputy Foreign Minister of Ukraine Dmytro Senik has noted the positive dynamics of growth in bilateral trade between Ukraine and Yemen in recent years.
Danylyshyn: Situation in interbank foreign exchange market is stable
The situation in the interbank foreign exchange market is stable, which allows the National Bank of Ukraine (NBU) to refrain from conducting foreign exchange operations for the fourth week in a row.
Government hopes to attract UAH 12B from privatization in 2021 - Shmyhal
Ukraine did not conduct large-scale privatization this year due to the pandemic, the economic crisis and the government's fears that prices for privatization facilities will fall, but UAH 12 billion is to be raised from privatization next year, Prime Minister Denys Shmyhal has said in an interview with the Ukrayinska Pravda online news site.
PM Shmyhal: 440,000 Ukrainians employed since COVID-19 pandemic began
Since the beginning of the coronavirus pandemic, 440,000 people have been employed in Ukraine, according to Prime Minister Denys Shmyhal.
Government preparing for launching free trade zone between Ukraine and Britain
The Government of Ukraine is implementing a set of procedures required for the ratification of the Agreement on Political Cooperation, Free Trade and Strategic Partnership between Ukraine and the United Kingdom and for the full launch of a free trade zone between the two countries from January 1, 2021.
09 December 2020
Ukraine, EIB sign three loan agreements worth EUR 640 mn
The European Investment Bank (EIB) and the Government of Ukraine have signed three loan agreements totaling EUR 640 million for the implementation of priority infrastructure and transport projects.
EU provides Ukraine with EUR 600M in macro-financial assistance
The European Commission has disbursed EUR 600 million in macro-financial assistance to Ukraine as response to the COVID-19 pandemic.
Britain interested in cooperation with Ukraine in sphere of modern technologies
Defence Attaché of the British Embassy in Ukraine, Commodore of the Royal Navy, Tim Woods, during a meeting with officials from the Ministry of Strategic Industries stated that the United Kingdom is interested in developing cooperation with Ukraine, in particular in the field of modern technology transfer.
Ukraine approaching integration into European energy markets – PM Shmyhal
Ukraine works on integrating its energy markets into European ones and supports the European "green" course.
Ukraine to close all unprofitable mines within 10 years – Buslavets
The Energy Ministry expects that unprofitable mines in Ukraine will be closed within the next 10 years.
Finance Ministry attracts almost UAH 16B to state budget from government bonds’ sale
On December 8, 2020, the Ukrainian Finance Ministry raised UAH 15.96 billion towards the state budget as a result of auctions on the placement of domestic government bonds, the ministry’s press service wrote on Facebook.
08 December 2020
Wizz Air resumes flights from Ukraine, offers 50% discount
Hungary’s low-cost airline Wizz Air resumes a number of flights from Ukraine and offers a 50% discount on some flights, according to the airline's press service.
Ukraine’s Trade Representative on FTA with Turkey: Discussion between technical and political levels ongoing
Work on the Ukraine-Turkey Free Trade Agreement is ongoing, discussion is currently taking place between the technical and political levels.
Economy ministry keeps forecast for GDP growth in 2021 at 4.6%
The Ministry for Economic Development, Trade and Agriculture of Ukraine keeps unchanged the forecast of 4.6% growth in Ukraine's gross domestic product (GDP) for 2021, approved in July, the ministry's press service has reported.