Government to consider possible reopening of farmers’ markets – Shmyhal
The Cabinet of Ministers will consider the issue of resuming the operation of some farmers’ markets in Ukraine, according to Prime Minister Denys Shmyhal.
Economy
More than 3.5 mln trees planted in mountainous areas of Ukrainian Carpathians
Forest enterprises have already planted more than 3.5 million trees in mountainous areas of the Ukrainian Carpathians this year, according to the State Forest Resources Agency of Ukraine.
Cabinet to appoint new heads of Tax and Customs Services under simplified procedure
The Cabinet of Ministers will appoint new heads of the State Tax and State Customs Services under the simplified procedure, according to Finance Minister Serhiy Marchenko.
PM Shmyhal: Situation in customs and tax services requires comprehensive approach
The situation in Ukraine’s customs and tax services requires a comprehensive approach, not just the dismissal of senior officials.
NBU reports of suspicious transactions by clients of 7 banks to law enforcers in Q1 2020
The National Bank of Ukraine (NBU) provided law enforcement bodies with information about suspicious transactions by clients of seven banks and two non-banking financial institutions in Q1 2020, according to the press service of the central bank.
25 April 2020
Saakashvili on importance of cooperation with IMF: It’s artificial respiration for economy
Former president of Georgia and candidate for the post of Ukraine’s Vice Prime Minister Mikheil Saakashvili likened cooperation with the International Monetary Fund to an artificial respirator for the Ukrainian economy.
24 April 2020
Kuleba, Asselborn discuss cooperation in restoring Luhansk region
Ukrainian Foreign Minister Dmytro Kuleba has discussed with Minister of Foreign and European Affairs of Luxembourg the cooperation in restoring Luhansk region.
Parliament plans to renew state oversight of nuclear energy use
The Verkhovna Rada of Ukraine has adopted a bill on the amendments to certain laws of Ukraine on the safety of nuclear energy use at first reading.
Ukraine rises to 11th place in ranking of world's largest steel producers
Ukraine took 10th place in the ranking of world's largest pig iron producers and climbed to 11th place in the ranking of world's largest steel producers in the first quarter of 2020.
Deposits of individuals in Deposit Guarantee Fund’s banks total UAH 520 bln
The total amount of deposits of individuals in banks-participants of the Deposit Guarantee Fund amounted to UAH 520.24 billion as of April 1, 2020, according to the Fund’s press service.
Ukrzaliznytsia pays almost UAH 22 bln in taxes in 2019
JSC Ukrzaliznytsia paid over UAH 21.8 billion in taxes and fees to budgets of all levels in 2019, according to the company’s press service.
NBU decreases planned volumes of interventions to buy foreign currency to $20 mln a day
The National Bank of Ukraine (NBU) has reduced the planned volume of interventions to buy foreign currency in the interbank foreign exchange market from $50 to $20 million per day, according to the central bank’s press service.
National Bank forecasts low inflation in April
Inflation will remain low in Ukraine in April, as there is no increased demand in the commodity and foreign exchange markets, according to preliminary data provided by the National Bank of Ukraine (NBU).
23 April 2020
Foreign ministers of Ukraine and Azerbaijan discuss economic cooperation
Foreign Minister of Ukraine Dmytro Kuleba and Foreign Minister of Azerbaijan Elmar Mammadyarov have discussed agenda of economic cooperation and cooperation within GUAM organization.
PM Shmyhal: Repair of local roads is Government’s priority
More than UAH 80 billion will be allocated for road repair in 2020. This is an unprecedented amount preserved in the updated State Budget of Ukraine.
Ukraine expects to receive $2 bln tranche from IMF in Q2 2020
The National Bank of Ukraine (NBU) expects that Ukraine will receive a tranche of USD 2 billion from the International Monetary Fund in the second quarter of 2020.
Ukraine's forex reserves to exceed $27 bln at end of 2020 - NBU
Ukraine's foreign exchange reserves will reach over $27 billion at the end of 2020, Deputy Governor of the National Bank of Ukraine (NBU) Dmytro Solohub has said.
Ukraine’s economy works, PM Shmyhal assures
Prime Minister of Ukraine Denys Shmyhal has assured that Ukraine's economy works, except for six areas.
Ukrainian economy to decline by 5% in 2020 - NBU
The Ukrainian economy will decline by 5% in 2020 but will resume growth at around 4% in the coming years.
Fitch affirms Ukraine at 'B', outlook stable
Fitch Ratings has affirmed Ukraine's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B'.
NBU cuts discount rate to 8%
The National Bank of Ukraine (NBU) has decided to reduce the discount rate to 8%.
Naftogaz reduces gas price for population by 15%
NJSC Naftogaz of Ukraine has cut the gas price for the population to UAH 2.9 per cubic meter in April 2020, according to the company’s press service.
President: Ukraine expecting to get $8 bln from IMF
President of Ukraine Volodymyr Zelensky expressed his hope that the Verkhovna Rada would adopt all the decisions necessary to sign a memorandum of cooperation with the IMF.
Pension Fund transferred almost UAH 33 bln for pension payments in April
The Pension Fund of Ukraine has directed UAH 32.9 billion for pension payments since April began.
Zelensky wants state-owned airline be established in Ukraine
President Volodymyr Zelensky has said that it is necessary to create a state-owned airline in Ukraine, the fleet of which will consist of domestic-made aircraft.
22 April 2020
Government allocates UAH 25 mln to eliminate consequences of fires in Zhytomyr region
The Cabinet of Ministers of Ukraine allocated UAH 25 million to eliminate the consequences of fires in Zhytomyr region, Prime Minister Denys Shmyhal has said.
EU to provide Ukraine with EUR 1.2 bln of macro-financial assistance – Zelensky
The European Commission has decided to provide EUR 1.2 billion of macro-financial assistance to Ukraine to tackle the COVID-19 pandemic
Ukraine’s import of buckwheat grew 6.5 times in Q1 2020
Ukraine’s buckwheat imports reached UAH 115 million in January-March 2020, which is 6.5 times more than in the relevant period of 2019, according to the State Customs Service.
Akhmetov's fortune tumbled 80% over past seven years - Bloomberg
The fortune of Ukrainian oligarch and Ukraine's richest man Rinat Akhmetov has tumbled 80% over the past seven years, according to Bloomberg.
NBU provided law enforcers with access to information on 36 occasions in Q1 2020
The National Bank of Ukraine (NBU) 36 times opened access for the law enforcement agencies to information in the scope of financial criminal investigations in the banking sector in January-March 2020, the press service of the central bank reported.
Passenger traffic in Ukraine down 16% in January-March 2020
The number of passengers served by Ukrainian transport companies in January-March 2020 decreased by 16.3% compared with the relevant period in 2019, to 19.6 billion passenger-kilometers, according to the data provided by the State Statistics Service of Ukraine.
21 April 2020
Internet fraud rate in Ukraine increases by 15 percent
The coronavirus quarantine in Ukraine has reduced crime rates overall, but the Internet fraud rate has increased by 15%.
Ukraine's exports of agricultural machinery down nearly 10% in 2019
Exports of agricultural machinery from Ukraine shrank by 9.4% in 2019, to $37.6 million, the head of the department of investment and logistics of the Institute of Agrarian Economics, Oleksandr Zakharchuk, has said.
Ukrspyrt already sold 2.6 mln disinfectant for antiseptic production
State Enterprise Ukrspyrt has already sold 2.6 million liters of disinfectant to Ukrainian enterprises for the production of antiseptics, according to the company’s press service.
Accounting Chamber: Courts of appeal inefficiently spent UAH 139 mln
The audit conducted by the Accounting Chamber of Ukraine found that UAH 139 million was used inefficiently to support the activity of general courts of appeal in 2018-2019, according to the press service of the Accounting Chamber.
Ukraine can offer Europe 10 bln cu m of gas in storage facilities
Ukraine can offer Europe 10 billion cubic meters of gas in the underground gas storage facilities to accumulate the fuel for 2020-2021.
Ukrtransgaz calls on government to cancel customs duties for users of UGS facilities
JSC Ukrtransgaz has called on the Cabinet of Ministers of Ukraine to abolish the obligation to pay customs duties for storing natural gas in underground gas storage (UGS) facilities in “the customs warehouse” regime, according to the company’s press service.
18 April 2020
Scheduled flights inside Ukraine may be resumed by summer’s end
Scheduled flights inside Ukraine may be resumed in September or even by summer’s end.
Zelensky doesn’t want reject cooperation with IMF
President of Ukraine Volodymyr Zelensky is committed to the cooperation with the International Monetary Fund and does not consider it expedient to take risks under the current conditions and bring the economy to default.
17 April 2020
Minister Chernyshov: Great Construction project is important regional development tool
The Great Construction nationwide project is an important tool for regional development.
Minister Chernyshov: Great Construction project is important regional development tool
The Great Construction nationwide project is an important tool for regional development.
Pension Fund: UAH 4.9 bln more for pension payments
The Pension Fund of Ukraine has transferred another UAH 4.9 billion for pension payments.
Parliament’s committee to start consideration of ‘bill on banks’ on April 21
The Verkhovna Rada Committee on Finance, Taxation and Customs Policy will start consideration of the Draft Law “On Amending Legislative Acts of Ukraine to Improve Certain Mechanisms of Banking Activity Regulation” at second reading on Tuesday, April 21.
Amendments to state budget: Expenditures for government cut by UAH 1.9 bln
Expenditures for the Cabinet of Ministers have been reduced by UAH 1 9 billion, according to amendments to the 2020 state budget adopted by the Verkhovna Rada.
Government appoints acting board member of Ukrzaliznytsia
The Cabinet of Ministers has approved a resolution to appoint Director for Infrastructure of JSC Ukrzaliznytsia as acting member of the Board of Ukrzaliznytsia.
Corporatization of Sea Ports Authority to be completed – Kryklii
Infrastructure Minister Vladyslav Kryklii has stated that the corporatization of the Ukrainian Sea Ports Authority will be completed and agreements on some ports’ concession will be signed.
Ukraine, UAE agree to work on joint investment projects
Minister of Foreign Affairs of Ukraine Dmytro Kuleba and Minister of Foreign Affairs and International Cooperation of the United Arab Emirates His Highness Sheikh Abdullah bin Zayed Al Nahyan agreed on the implementation of joint investment projects in priority areas.
Pension Fund transfers UAH 2.5 bln more for pension payments
The Pension Fund of Ukraine has directed another UAH 2.5 billion for pension payments.
Ukrainian government replaces energy minister
The Cabinet of Ministers has dismissed Vitaliy Shubin as first deputy minister of energy and environmental protection, relieving him of the fulfillment of the energy minister's duties, and appointed Olha Buslavets to the post, entrusting her with corresponding responsibilities.
Affordable Loans Program: Government extends funding to UAH 35 bln
As part of the program “Affordable Loans at 5-7-9%”, micro and small businesses can get up to UAH 35 billion of loans, according to the Ministry for Development of Economy, Trade and Agriculture.
16 April 2020
Ukrainian business expects drop in production – NBU
Ukrainian business expects a decrease in production and sales.
EBA concerned about increased prices for electronics
The European Business Association (EBA) is concerned that some provisions of the Law on Collective Management of Copyright will lead to a rise in prices for certain electronics, the EBA's press service has reported.
Infrastructure Ministry to create commission to select investment projects in transport sector
The Infrastructure Ministry will set up a special commission to review and recommend investment projects in the fields of transport, road management and postal services, according to the ministry’s press service.
Minister Kryklii: Ports need to optimize their strategic and investment plans due to quarantine
Ukrainian ports need to optimize their strategic and investment plans, as well as to review spending on major construction due to coronavirus quarantine.
All alcohol and tobacco products grow in price in Ukraine
Prices for beer, wine, vodka and cigarettes in Ukraine rose from March 2019 to March 2020, according to the State Statistics Service.
Ukraine’s average wage exceeds UAH 9,600 in February – Pension Fund
The Pension Fund of Ukraine has approved the average wage rate for February 2020 in the amount of 9,658 hryvnias 3 kopecks.
Switzerland among top 5 investors of Ukraine – ambassador
Switzerland is one of the main foreign investors of Ukraine, having invested more than USD 1.7 billion in the country’s economy, Ukrainian Ambassador to Switzerland Artem Rybchenko has said.
15 April 2020
Court orders PrivatBank to pay over $250 mln to Surkis family
Kyiv Court of Appeal has upheld a ruling of Kyiv's Pechersky District Court that obliged PrivatBank to pay more than $250 million to the offshore companies of the Surkis family.
IMF's European Department recommends continuing cooperation with Ukraine
The European Department of the International Monetary Fund (IMF) has good reason to recommend that the IMF Executive Board continue cooperation with Ukraine, which will provide it with additional capabilities to combat the crisis caused by the COVID-19 pandemic.