World Bank allocates $50 mln to support vulnerable groups in Ukraine
The World Bank allocates additional $50 million to Ukraine to support vulnerable populations during the COVID-19 epidemic.
Economy
10 April 2020
Government improves procedure for financing measures to tackle coronavirus
The Cabinet of Ministers allowed regions to direct subventions of the social and economic development primarily for the fight against the coronavirus spread.
Deposit Guarantee Fund accumulated over UAH 10.2 bln
The Deposit Guarantee Fund of Ukraine accumulated a total of UAH 10,282.6 million as of April 1, 2020, the Fund’s press service reported.
09 April 2020
Ukraine’s GDP may drop 3.5% this year over coronavirus crisis – World Bank
Ukraine's GDP may decline by 3.5% in 2020 due to the coronavirus COVID-19 pandemic, according to the World Bank.
Ukrgasbank sees profit grow by six times in Q1, 2020
Ukrgasbank earned UAH 340 million as net profit in the first quarter of 2020 compared to UAH 54.3 million as the profit received in the same period last year, the bank's press service has reported.
Ukraine’s international reserves estimated at USD 25 bln remain at the level of year-start - NBU
Ukraine's international reserves exceed $25 billion and remain at the level of the year-start, according to the National Bank of Ukraine (NBU).
Ukraine, Iceland to speed up preparation of mutual investment protection agreement
Foreign Minister of Ukraine Dmytro Kuleba and Minister for Foreign Affairs of Iceland Gudlaugur Thór Thórdarson agreed to accelerate the preparation of an agreement on promotion and mutual protection of investments.
08 April 2020
Ukraine suspends electricity imports from Russia, Belarus
The National Commission for the State Regulation of Energy and Utilities of Ukraine has approved a resolution on the actions of electricity market participants during the quarantine and restrictive measures related to the spread of coronavirus disease (Covid-19).
Finance Ministry reduces expenditure on cultural events
The Ministry of Finance of Ukraine reduces expenditure on holding of festivals, forums, cultural events, salaries of state officials and non-priority spending in the state budget for 2020.
Operator of Gas Transmission System pays UAH 1.5 bln of taxes in Q1 2020
Operator of the Gas Transmission System of Ukraine LLC (OGTSU) transferred UAH 1.511 billion of taxes and fees to the budgets of all levels in the first quarter of 2020, the company’s press service reported.
Infrastructure Ministry, EIB to launch another project on urban transport renewal in Ukraine
The Infrastructure Ministry of Ukraine with the support of the European Investment Bank (EIB) will launch a new project “Urban Public Transport of Ukraine ІІ” for 2020, the ministry’s press service has reported.
Naftogaz preparing for new lawsuits against Gazprom for over $17 bln
Executive Director at Naftogaz of Ukraine Yuriy Vitrenko has said that he is preparing for additional lawsuits against Gazprom for $17.3 billion.
Ukraine already spent almost UAH 1 bln to fight coronavirus spread
From March 20 to April 4, the Ukrainian government spent UAH 952 million for the purchase of goods needed to prevent the coronavirus spread, according to the Economy Ministry.
07 April 2020
Every fifth small business in Ukraine may shut down due to quarantine
Every fifth small business in Ukraine may shut down due to the quarantine imposed amid the coronavirus pandemic.
Government to attract $135 mln for healthcare improvement project
The Cabinet of Ministers of Ukraine takes out a $135 million loan from the International Bank for Reconstruction and Development to finance the healthcare project.
PrivatBank increases lending by 15%
PrivatBank increased the number of target loans and mortgage loans to small and medium-sized enterprises (SMEs) by 15% in March 2020, the bank's press service has reported.
Ivano-Frankivsk region reports on tourist tax revenues received in Q1 2020
In January-March 2020, local budgets of Ivano-Frankivsk region received UAH 1.5 million in tourist tax revenues.
National Bank: Situation on foreign exchange market stable
Currency supply on the interbank foreign exchange market on Monday, April 6, was again significantly higher than demand, according to the National Bank of Ukraine (NBU).
Zelensky initiates programs to support businesses during coronavirus pandemic
President Volodymyr Zelensky has offered that new programs be created in Ukraine to assist small and medium-sized businesses during and after the coronavirus pandemic.