State Treasury Service: Balance of single treasury account decreased to UAH 21.3B
As of October 1, 2020, the balance of funds on the Ukrainian single treasury account reached UAH 21.275 billion, which is half of that as of September 1, 2020.
Economy
State Customs Service transfers UAH 33.2B to state budget in September
In September 2020, the State Customs Service transferred UAH 33.15 billion in revenues from customs payments to the state budget of Ukraine, which is UAH 1 billion more the revenue plan, the press service of the State Customs Service reported.
Ukrainian miners produced 2.6M tonnes of coal in September
In September 2020, Ukrainian mining enterprises produced 2.626 million tonnes of coal, which is 103% of the production plan, the Coal Miners Union of Ukraine reported with a reference to the Energy Ministry.
Old design hryvnia banknotes, 25-kopiika coins withdrawn from circulation
From 1 October 2020, the National Bank of Ukraine withdraws from circulation 25-kopiika coins and old design hryvnia banknotes (introduced in circulation before 2003).
Govt allocates over UAH 175M for flood relief – Economy Ministry
The Cabinet of Ministers of Ukraine has decided to allocate additional funds in the amount of UAH 175.27 million to overcome the consequences of the June flood in western regions of Ukraine, according to the press service of the Economy Ministry.
President Zelensky signs law on construction products market
President Volodymyr Zelensky has signed the Law "On the provision of construction products on the market,” the president’s press service reports.
30 September 2020
Wizz Air cuts flights from Kharkiv due to coronavirus
The Hungarian low-cost airline Wizz Air has changed its flight schedule from the Ukrainian city of Kharkiv due to COVID-19.
Energoatom, Westinghouse sign new contract for supply of nuclear fuel
Ukraine's National Nuclear Energy Generating Company Energoatom and Westinghouse Electric Company (the United States) have signed a new contract for the supply of fuel for VVER-440 reactors to Ukraine.
Ukraine plans to start exporting chicken meat to Mexico
Specialists of the Ukrainian State Service on Food Safety and Consumer Protection and representatives of the competent body of the United Mexican States discussed issues of strengthening cooperation between the countries.
Deposit Guarantee Fund sold insolvent banks' assets worth UAH 43M
The Deposit Guarantee Fund of Ukraine sold insolvent banks' assets worth UAH 42.60 million last week, the fund's press service reported.
Finance Ministry not considering scenario in which Ukraine will not receive IMF tranche
The Finance Ministry is not considering a scenario in which Ukraine will not receive a tranche from the International Monetary Fund (IMF).
Deposit Guarantee Fund begins payments to depositors of Bank Arcada
The Deposit Guarantee Fund started to pay refunds to the depositors of JSC Bank Arcada from September 29, the fund's press service reports.
UIA cancels two flights to Israel in October
Ukraine International Airlines (UIA) has canceled two flights to Israel in October 2020 and postponed the launch of two new flights to Europe, the company's press service has reported.
Ukrainian farmers already sown winter grains on 27% of planned area
As of September 28, Ukrainian farmers have already sown more than 2.2 million hectares with winter grains, which is 27% of a projected area totaling 8.2 million hectares, the press service of the Ministry for Development of Economy, Trade and Agriculture reports.
Over 100 km of roads to be repaired in Vinnytsia region this year
This year, 104.5 km of roads and eight facilities will be repaired in Vinnytsia region within the framework of the Great Construction national program.
29 September 2020
Ukraine's public and state-guaranteed debt fell by about UAH 17B in August
In August 2020, Ukraine's total public and state-guaranteed debt in the national currency decreased by UAH 16.9 billion, to UAH 2,338.18 billion, the press service of the Ukrainian Finance Ministry reported.
Ukraine increases fish and crustacean exports
In January-July 2020, Ukraine’s fish and crustacean exports grew by 23.3% compared with the same period last year, up to over $18.7 million, the press service of the Ukrainian State Agency of Fisheries reports referring to data provided by the State Statistics Service.
Zakarpattia region receives UAH 3.8M in tourist tax payments
In January-August 2020, Zakarpattia region received UAH 3.8 million in tourist tax payments, according to the Main Department of the State Tax Service of Zakarpattia region.
Energy Ministry planning to allocate UAH 150M for energy efficiency loans
The Energy Ministry recommends that UAH 150 million be envisaged for the program of energy efficiency loans in the state budget for 2020, according to the ministry’s press service.
Average salary in August grows by 8.6% – State Statistics Service
The average nominal salary of Ukrainians in August 2020 was 8.6% higher than in August 2019 and amounted to UAH 11,446, the State Statistics Service has reported.
Vice PM Urusky suggests expanding use of titanium in various spheres
Vice Prime Minister - Minister of Strategic Industries of Ukraine Oleh Urusky suggests expanding the use of titanium in various spheres and improving the quality of its processing.
Finance committee recommends VR to approve bill on Bureau of Economic Security
The parliamentary committee on finance, tax and customs policy has recommended the Verkhovna Rada to adopt a draft law on the Bureau of Economic Security in its entirety.
Poland's PGNiG wins tender to supply gas to Gas TSO of Ukraine
Poland's state oil and gas company PGNiG and Energy Resources of Ukraine (ERU) have won a tender to supply natural gas to Gas Transmission System Operator (TSO) of Ukraine LLC.
28 September 2020
EIB, EBRD to provide $420 M for electrification of railway section in Ukraine
The European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) will allocate $420 million for the Dolynska-Mykolaiv-Kolosivka railway section electrification project.
Chornobyl zone tourism falls by 70%
Chornobyl Exclusion Zone tourism numbers have fallen by 70% this year due to the coronavirus pandemic.
Ukraine’s Government to raise EUR 6 mln to improve nuclear safety
The Cabinet of Ministers of Ukraine adopted a draft order providing for the development of a legal basis for concluding a nuclear safety agreement between the Government of Ukraine and the European Commission.
Alpari predicts slight decrease in exchange rate of hryvnia against dollar
This week the exchange rate of the hryvnia against the U.S. dollar is expected to decrease slightly; the cash dollar in banks can be traded at UAH 28.3/28.5, according to Alpari.
Government decides to additionally capitalize Ukreximbank for UAH 6.8B
The Cabinet of Ministers of Ukraine has decided to additionally capitalize Ukreximbank for UAH 6.8 billion by issuing 15-year government domestic loan bonds at a rate of up to 9.3% to the authorized capital, the Finance Ministry reports.
NBU sold $160.5M on interbank market last week
The National Bank of Ukraine (NBU) sold $160.5 million on the interbank foreign exchange market last week, according to data provided by the central bank.
25 September 2020
Zelensky announces construction of new airport in Zakarpattia region
Ukrainian President Volodymyr Zelensky has announced the construction of a new modern airport in Zakarpattia region, and there are currently three options for its location.
PM Shmyhal: Several countries inquire about Ukrainian food supplies during coronavirus crisis
During the coronavirus crisis, ambassadors of several foreign countries inquired about the amount of food and agriculture products Ukraine will be able to supply them with if necessary.
Zelensky names three most promising industries in Zakarpattia region
Ukraine’s Zakarpattia region has the potential for the development of tourism, the automotive industry, ski infrastructure, viticulture, and a creative and innovative economy.
Zelensky names three most promising industries in Zakarpattia region
Ukraine’s Zakarpattia region has the potential for the development of tourism, the automotive industry, ski infrastructure, viticulture, and a creative and innovative economy.
Ukraine offers China to expand nomenclature of agricultural products
Ukraine and China will strengthen trade and economic cooperation, including cooperation in industry and agriculture, the press service of the Ministry of Economic Development, Trade and Agriculture of Ukraine has reported.
Fedorov: More funds for cybersecurity should be projected in state budget
Deputy Prime Minister, Minister for Digital Transformation Mykhailo Fedorov has said that Ukraine needs to invest more funds in the cybersecurity education.
Zhytomyr region increases exports to Indonesia nine times
Since the beginning of the year, Zhytomyr region has increased its exports to Indonesia by nine times, according to the Zhytomyr Regional State Administration.
EBRD: Economic downturn in Ukraine not critical
The economic downturn in Ukraine not critical and reaches 4.5%, according to the EBRD estimates. The official statistics and forecasts are planned to be released in early October when a shareholders' meeting will take place.
NBU decides to liquidate Bank Arcada
The National Bank of Ukraine (NBU) has decided to revoke a banking license and liquidate JSC Bank Arcada, the central bank’s press service reports.
NBU deputy governor: Ukraine can get only one IMF tranche by year-end
According to preliminary forecasts of the National Bank, Ukraine will be able to get only one loan from the International Monetary Fund by the end of the year.
PM Shmyhal: ‘Affordable loans at 5-7-9%’ to be extended for next year
Prime Minister of Ukraine Denys Shmyhal has stated that the government program “Affordable loans at 5-7-9%” will be extended for the next year.
24 September 2020
Zelensky, Slovak PM discuss cooperation in trade, transport, energy
President of Ukraine Volodymyr Zelensky and Prime Minister of the Slovak Republic Igor Matovič discussed ways to expand cooperation in such areas as bilateral trade, transport, energy, and cross-border interaction.
Zelensky: Ukraine, Slovakia have shared vision of risks posed by Nord Stream 2
Ukraine and Slovakia have a shared vision of Europe's energy security and the risks posed by the Nord Stream 2 gas pipeline project.
PM Shmyhal, Indian ambassador discuss trade and economic cooperation
Prime Minister of Ukraine Denys Shmyhal met with Indian Ambassador Extraordinary and Plenipotentiary to Ukraine Partha Satpathy on Thursday, September 24.
Foreign Ministry launching online briefings to support Ukrainian exporters
The Council of Exporters and Investors at the Ukrainian Foreign Ministry is launching regular online briefings with the participation of Ukrainian ambassadors and representatives of Ukrainian business, according to the ministry’s press service.
NBU, VR Commissioner for Human Rights to cooperate on personal data protection in Ukraine
The National Bank of Ukraine (NBU) and the Verkhovna Rada Commissioner for Human Rights have signed a Memorandum of Cooperation in the field of protection of personal data of Ukrainians.
Ukraine, Slovakia sign agreement on resumption of Uzhhorod airport operation
Ukraine and Slovakia have signed an agreement on the resumption of the operation of Uzhhorod International Airport, Ukrainian Foreign Minister Dmytro Kuleba has stated.
Further reduction in cost of loans to depend on protection of creditors' rights - NBU
Ukrainian banks issue loans to corporate borrowers at 11-12% per annum, and further reduction in the cost of resources will depend on the protection of creditors' rights.
Ukraine to attract EUR 300M from EIB to improve energy efficiency
The Cabinet of Ministers of Ukraine has adopted two resolutions to attract a EUR 300 million loan from the European Investment Bank (EIB) for energy efficiency, the Ukrainian Communities and Territories Development Ministry reports.
Ukraine’s Special Communication Service to cooperate with Cisco on cybersecurity
The State Service of Special Communication and Information Protection of Ukraine (SSSCIP) and Cisco Systems Representative Office in Ukraine have signed a memorandum on cooperation in cybersecurity and information protection.
23 September 2020
President orders drafting of bill to complete two reactors at Khmelnytskyi NPP
Ukrainian President Volodymyr Zelensky has instructed the Cabinet of Ministers to submit a bill on the location, design and construction of nuclear reactors Nos. 3 and 4 of the Khmelnytskyi Nuclear Power Plant to the Verkhovna Rada within two months.
Deposits of individuals in Deposit Guarantee Fund’s banks rose by UAH 1.1B in August
In August 2020, the total amount of deposits of individuals in member banks of the Deposit Guarantee Fund grew by UAH 1.1 billion, up to UAH 554.5 billion, according to the Fund’s press service.
NBU approves candidacy of Naumov for Oschadbank CEO
The National Bank of Ukraine (NBU) has approved the candidacy of Serhii Naumov to the post of Chairman of the Management Board of the state-owned Oschadbank, the central bank’s press service reports.
22 September 2020
Ukraine, IMF considering possibility of organizing online mission in autumn
Ukraine and the International Monetary Fund (IMF) are in constant dialogue and are working on the possibility of organizing an online mission of the Fund this autumn.
Retail trade turnover grows by 5.9% in Ukraine
In January-August 2020, the turnover of Ukrainian retail trade enterprises increased by 5.9% (in comparable prices), up to UAH 542.44 billion, compared to the same period in 2019.
UkraineInvest: $2.2 B to be invested in Ukraine's economy in two years
According to preliminary estimates of the Investment Promotion Office (UkraineInvest), it is expected to attract about $2.2 billion in investments in the Ukrainian economy in 2020-2022.
Oschadbank provided affordable loans worth UAH 600M
Since the beginning of the state program "Affordable Loans at 5-7-9%", JSC Oschadbank has issued loans worth UAH 600 million to entrepreneurs, according to the bank’s press service.
Energy Ministry, UkraineInvest sign memorandum of cooperation in energy sector
Acting Energy Minister of Ukraine Olha Buslavets and Executive Director of the state institution “Ukraine Investment Promotion Office” (UkraineInvest) Serhiy Tsivkach have signed a Memorandum of Cooperation in the energy sector, according to the Energy Ministry’s press service.
NBU expects gradual economic recovery in Q3 2020
The recovery of the Ukrainian economy in the third quarter of 2020 will be facilitated not only by eased quarantine restrictions, but also by a revival of external demand and a boost in domestic consumption, the press service of the National Bank of Ukraine has reported.
Ukrainian farmers already gathered 36M tonnes of grain - Economy Ministry
As of September 17, Ukraine harvested 43.2 million tonnes of main crops, including almost 36 million tonnes of grain and leguminous crops from an area of 9.8 million hectares, or 64% of the forecast.