Economy Ministry expects Ukraine to attract $5B in investments this year
The Ukrainian Ministry for Economic, Trade and Agriculture Development expects that Ukraine will attract $5 billion in investments in 2021.
Economy
Pensions in Ukraine grow by 13.8% in 2020 – Pension Fund
Pensions in Ukraine grew by 13.8% in 2020, according to the press service of the Pension Fund of Ukraine.
Ukraine resumes poultry meat exports to EU – Kachka
Ukraine resumes poultry meat exports to the European Union, suspended in the winter due to an outbreak of bird flu, Ukrainian Economy, Trade and Agriculture Development Deputy Minister - Trade Representative of Ukraine Taras Kachka has stated.
17 March 2021
Cabinet of Ministers approves agreement to resume operation of Uzhgorod airport
The Cabinet of Ministers of Ukraine has approved an intergovernmental agreement between Ukraine and Slovakia to resume the operation of the Uzhgorod International Airport.
President's Office forecasts 5.1% GDP growth
Ukraine’s gross domestic product (GDP) is expected to reach 5.1% in 2021, Deputy Head of the Office of the President of Ukraine Yulia Svyrydenko has said.
President’s Office developing package of measures for economic growth
The President's Office develops a package of measures that would stimulate economic growth in 2021-2022.
Government to ensure crediting part of fuel excise tax to local budgets - Shmyhal
The Cabinet of Ministers of Ukraine will approve the procedure for crediting part of fuel excise tax (13.44%) to the budgets of local communities, Prime Minister Denys Shmyhal has said.
Ukraine’s egg production decreased by 16% - State Statistics Service
In January-February 2021, Ukraine’s production of eggs declined by 16.1%, to 2.03 billion eggs, according to the press service of the State Statistics Service.
Czech Airlines resumes flight from Prague to Odesa
The Czech Republic’s flag carrier CSA-Czech Airlines will resume regular flights on the Prague-Odesa route, according to Odesa International Airport’s press service.
Environmental Protection Ministry: Ukraine’s agriculture should become climate-oriented
Agriculture in Ukraine should become climate-oriented and take into account the components of environmental protection and climate change.
More than 360 Ukrainian producers export their products to UK – Magaletska
More than 360 Ukrainian producers export their products to the United Kingdom, Vladyslava Magaletska, Head of the Ukrainian State Service for Food Safety and Consumer Protection, has said.
Ukrainian ambassador, ECCI director general discuss economic cooperation
Ambassador of Ukraine to Estonia Mariana Betsa and Director General of the Estonian Chamber of Commerce and Industry (ECCI) Mait Palts have discussed issues of the Ukrainian-Estonian cooperation, according to the Ukrainian Embassy in Estonia.
Finance Ministry raises UAH 14.3B to state budget from government bonds’ sale
On March 16, 2021, the Ukrainian Finance Ministry raised UAH 14.3 billion towards the state budget as a result of auctions on the placement of domestic government bonds, the Finance Ministry wrote on its Facebook page.
Shmyhal: Government seeks to transform economy towards carbon-neutral development
The Ukrainian government is working to gradually transform the economy towards carbon-neutral development, Prime Minister Denys Shmyhal has said.
16 March 2021
Turkey remains biggest exporter of fruit to Ukraine
In 2020, Turkey's share in Ukrainian fruit imports was 28.8%, making the country a leader among suppliers of these products, the Institute of Agrarian Economics reports.
Jordan could become a hub for Ukrainian food products in Middle East
The Hashemite Kingdom of Jordan has every chance to become a kind of hub to meet the food requirements of the people of the Middle East and North Africa.
Representative office of Ukrainian Business Council opens in Dubai
The official opening of a representative office of the Ukrainian Business Council took place in Dubai (UAE), according to the Ukrainian Consulate in Dubai.
Kuleba sees no preconditions for returning to business as usual with Russia
Minister for Foreign Affairs of Ukraine Dmytro Kuleba says he does not see any preconditions for the European Union to return to business as usual with Russia, as the Kremlin shows no constructiveness in its behavior.
Ukraine interested in economic cooperation with Vietnam
Ukraine is interested in enhancing economic cooperation with Vietnam and building effective cooperation with the Association of Southeast Asian Nations (ASEAN).
Volume of domestic government bonds exceeds UAH 92B - Danylyshyn
Since the beginning of the year, the volume of domestic government bonds amounted to UAH 92.6 billion, according to Chairman of the Council of the National Bank of Ukraine (NBU) Bohdan Danylyshyn.
15 March 2021
Justice minister: Large-scale privatization of prisons to start tomorrow
The auction for the sale of the Irpin Correctional Center in Kyiv region will be held on Tuesday, March 16.
Ukraine’s Council of Exporters, Kuwait Chamber of Commerce and Industry sign memorandum
A memorandum of understanding between the Council of Exporters and Investors under the Ministry of Foreign Affairs of Ukraine and Kuwait Chamber of Commerce and Industry (KCCI) was signed at the KCCI Office on March 14.
New Ukrainian carrier Bees Airline to perform first flight on March 18
The new Ukrainian low-cost carrier Bees Airline has received an operator certificate and will perform its first flight on March 18, the Ukrainian State Air Traffic Services Enterprise (UkSATSE) wrote on Facebook.
NBU intends to continue to increase discount rate
The National Bank of Ukraine (NBU) is planning to continue to raise its discount rate so that to ease inflationary pressures.
Experts forecast slight decrease of U.S. dollar exchange rate this week
This week the U.S. dollar exchange rate against the hryvnia is expected to decrease slightly, and the cash dollar in banks may be traded at about UAH 27.6/27.8, according to a weekly forecast released by Alpari analytical company.
Total debts to miners reach UAH 1.75B - Volynets
The total amount of salary debts to miners in Ukraine have reached UAH 1.75 billion, according Mykhailo Volynets, chairman of the Independent Trade Union of Miners of Ukraine.
NBU provides refinancing to 13 banks for UAH 2.6B
The National Bank of Ukraine (NBU) provided a total of UAH 2.58 billion in refinancing to 13 banks, the central bank’s press service reported.
Ukraine-Malaysia trade growing despite pandemic – ambassador
Bilateral trade between Malaysia and Ukraine increased by 6.4% in the first 11 months of 2020 and amounted to $310 million, despite the coronavirus pandemic, Ambassador of Malaysia to Ukraine Raja Reza Raja Zaib Shah has said in an exclusive interview with Ukrinform.
Latvia’s airBaltic resumes Kyiv-Riga flights
The Latvian airline airBaltic has announced the resumption of flights from Riga to Kyiv from March 17, the company's press service reports.
NBU considers creation of specialized financial court in Ukraine
The creation of a specialized financial court in Ukraine will allow banks to more effectively regulate non-performing loans and will generally have a positive impact on the investment environment, according to the National Bank of Ukraine (NBU).
Incentives needed to increase Malaysian investment in Ukraine - ambassador
Malaysia is interested in participating in infrastructure projects in Ukraine, but it needs more information and incentives, Ambassador of Malaysia to Ukraine Raja Reza Raja Zaib Shah has said in an exclusive interview with Ukrinform.
MP Kucher: Implementation of Green Deal must build on national situation
When deciding on Ukraine's accession to the European Green Deal, it is necessary to take into account the strengths and weaknesses of our country and domestic producers.
All alcohol and tobacco products grew in price - State Statistics Service
In February 2021, beer, vodka and cigarettes grew in price in Ukraine from February 2020, according to the State Statistics Service of Ukraine.
S&P affirms Ukraine's ‘B/B’ ratings with stable outlook
The international rating agency S&P Global Ratings has affirmed Ukraine's "B/B" ratings with a stable outlook, noting that the country's public finances exceeded experts' expectations in 2020.
12 March 2021
China interested in increasing exports of Ukrainian goods – ambassador
Ambassador of the People's Republic of China to Ukraine Fan Xianrong says China is interested in increasing exports of Ukrainian goods, especially food.
Ukreximbank generated UAH 201.9M in net profit this year
In February 2021, JSC Ukreximbank generated UAH 99.5 million in net profit, according to the bank’s press service.
Ukraine, Croatia sign memorandum of cooperation in agricultural sector
Ukraine and Croatia have signed a memorandum on cooperation in the agricultural sector, according to the Embassy of Ukraine in the Republic of Croatia.
Minister Urusky wants to strengthen cooperation with Uzbekistan
Ukraine's Deputy Prime Minister and Minister for Strategic Industries Oleh Urusky considers it necessary to strengthen cooperation with Uzbekistan.
Shmyhal: We have taken important step towards construction of toll highway in Ukraine
Ukraine’s State Agency of Automobile Roads (Ukravtodor) will soon announce a tender for the selection of an investor for the construction of the Krakovets-Brody-Rivne road on the terms of a public-private partnership (concession).
Motor Sich will return to state ownership - NSDC secretary
Ukraine's National Security and Defense Council (NSDC) has considered the issue of returning the Motor Sich enterprise to state ownership, NSDC Secretary Oleksiy Danilov has said.
Antonov Company reducing dependence on Russian-made components in its airplanes
Antonov Company, the Ukrainian aircraft maker, in January 2021 placed an order with Honeywell International Inc. for four avionics equipment sets, Defense Express has reported.
11 March 2021
NSDC extends sanctions against two Russian banks
Ukraine's National Security and Defense Council (NSDC) has decided to extend restrictive measures against two Russian banks, which are due to expire on March 15, NSDC Secretary Oleksiy Danilov has said.
UAH 562B in taxes collected in Kyiv city last year – Klitschko
In 2020, UAH 562 billion of taxes were collected in the city of Kyiv, according to Kyiv Mayor Vitali Klitschko.
SkyUp launches flights to Istanbul from Zaporizhzhia and Kharkiv
The Ukrainian low-cost carrier SkyUp Airlines expands its flight program to Istanbul and launches flights from Zaporizhzhia and Kharkiv, the airline’s press service reports.
PM: Ukraine seeks to implement judicial reform as soon as possible to guarantee business confidence
Prime Minister of Ukraine Denys Shmyhal discussed topical issues of bilateral cooperation with Swiss business representatives in Ukraine and stressed that Ukraine seeks to implement judicial reform as soon as possible to ensure investor confidence.
Ukraine implementing 40 projects in cooperation with IFIs
Ukraine is implementing 40 projects in cooperation with international financial institutions (IFIs), the press service of the Finance Ministry has reported referring to data as of March 1, 2021.
Inflation accelerates to 7.5% in February - NBU
Consumer inflation in Ukraine in February accelerated to 7.5% in annual terms, due to a higher-than-expected rise in food and fuel prices, the press service of the National Bank of Ukraine (NBU) reported.
Government to work on further reduction in mortgage rates
Prime Minister of Ukraine Denys Shmyhal has issued an instruction to develop a detailed plan for launching mortgage products at minimum rates.
Ministry drafts project to divide Ukraine into ten functional zones
Ukraine will be divided into ten functional zones to concentrate resources for regional development.
Ukraine should become interesting market for foreign investment - Yermak
The Ukrainian government seeks to attract institutional and private investors so that Ukraine could become an interesting market for foreign investment, Head of the President's Office Andriy Yermak has said.
PM Shmyhal discusses prospects of cooperation with German business
Prime Minister of Ukraine Denys Shmyhal and members of the German-Ukrainian Chamber of Commerce have discussed the prospects of cooperation.
10 March 2021
Chernivtsi airport to resume regular flights to Kyiv in April
Motor Sich Airlines will launch direct flights from Kyiv to Chernivtsi and back from April 12, Director of Chernivtsi International Airport Serhiy Tomniuk told Ukrinform.
Government approves draft act on Economic Security Strategy until 2025
The Cabinet of Ministers approved a draft act "On the Economic Security Strategy until 2025" which aims to determine the strategic course of state policy in the field of economic security, to meet basic national interests and ensure economic sovereignty.
Digitalization of construction sector to save UAH 734M per year – Fedorov
The introduction of electronic services in the construction sector could potentially save UAH 734 million per year, Deputy Prime Minister - Minister for Digital Transformation of Ukraine Mykhailo Fedorov has said.
Pensions in Ukraine will be raised in three more stages this year - Shmyhal
Pensions for different categories of retirees in Ukraine are to be raised in three more stages in 2021, Prime Minister Denys Shmyhal has said.
Shmyhal orders daily monitoring of fuel prices in regions
Prime Minister of Ukraine Denys Shmyhal has instructed special interdepartmental working groups in the regions to enhance activities to fight against illegal fuel trade.
UIA refunds over USD 29M to passengers for canceled flights
Ukraine International Airlines (UIA) has refunded more than USD 29 million to its passengers for canceled flights due to the COVID-19 pandemic, the airline's press service reports.
Hungary, Zakarpattia region to cooperate within 141 agreements - regional council
The local government agencies of Zakarpattia region and Hungary have concluded 141 agreements on cooperation, in particular on the supply of BCG vaccine, the reconstruction of palaces and cultural monuments, the construction of a waste sorting plant, Chairman of Zakarpattia Regional Council Oleksiy Petrov has said on Facebook.
4th German-Ukrainian Business Forum to be held on March 19
The 4th German-Ukrainian Business Forum will be held online on March 19, the Ukrainian Embassy in Germany has reported.