National Bank raises discount rate to 8%
The National Bank of Ukraine (NBU) has decided to raise the discount rate to 8% per annum, NBU Governor Kyrylo Shevchenko has said.
Economy
Merkel sees U.S.-Germany deal on Nord Stream 2 as good for Ukraine
German Chancellor Angela Merkel has said she is sure that the gas transit contract for Ukraine will be extended after 2024, and that the Berlin-Washington deal on the Nord Stream 2 gas pipeline is good for Ukraine.
It's already impossible to stop Nord Stream 2 - Biden
U.S. President Joe Biden has said that the Nord Stream 2 gas pipeline is 99% finished and that it is not possible to stop its completion, according to CNN.
U.S. politicians unhappy with U.S.-Germany deal on Nord Stream 2 - Axios
Almost nobody in the United States - neither Republicans nor Democrats - is happy with the U.S.-Germany deal on the Nord Stream 2 gas pipeline, according to American news website Axios.
21 July 2021
PM Shmyhal: Industry Centers 4.0 to be established in regions
The establishment of Industry Centers 4.0 is rolled out in the regions of Ukraine as they should become an important tool for innovative development at the regional level.
Energy Ministry: Creating transparent biofuels market to increase budget revenues
The bill on the creation of a single e-commerce system for solid biofuels will regulate the market situation and increase budget revenues.
Ambassador: Increasing number of big Chinese companies willing to work in Ukraine
An increasing number of big Chinese companies are willing to work in the Ukrainian market.
Developing creative economy among ways to boost labor productivity, economist says
In the labor sphere, Ukraine needs two types of initiatives – shaping a creative economy, as well as high quality and competitive vocational education.
Ukrainian energy minister, Austrian ambassador discuss cooperation in carbon neutrality
Ukrainian Energy Minister Herman Halushchenko has met with Austrian Ambassador to Ukraine Gernot Pfandler to discuss prospects for expanding cooperation in the field of carbon neutrality, the Ukrainian Energy Ministry's press service has reported.
20 July 2021
Ukraine intends to build 25 industrial parks in next three years
Over the next three years, the Government of Ukraine plans to build infrastructure for 25 industrial parks.
Finance Ministry raises UAH 7.75B from sale of bonds
The Ukrainian Finance Ministry on July 20 raised UAH 7.75 billion to the state budget at an auction for the placement of domestic government bonds, the ministry's press service has reported.
Czech economy would stop functioning without Ukrainians - Perebyinis
Ukrainians form the largest national minority in the Czech Republic, and it would be much harder for the Czech economy to function without them, Ukraine's Ambassador to the Czech Republic Yevhen Perebyinis has said.
President's Office plans to develop economic recovery program
Ukraine plans to create and implement an economic recovery program since the crisis caused by the COVID-19 pandemic is over.
FTA agreement with China would give a boost to Ukrainian economy – expert
Ukraine and China could sign a free trade agreement (FTA) which, if concluded on an equal footing, would give a boost to the Ukrainian economy.
Ukraine to host IT Arena 2021 tech conference in October
The IT Arena 2021 technology conference will be held in online and offline formats in Lviv on October 7-9, 2021, the State Institution ‘Entrepreneurship and Export Promotion Office’ has reported.
Ambassador Deshchytsia: Some 1.5 mln Ukrainians working in Poland
Currently, nearly 1.5 million Ukrainians are living and working in neighboring Poland.
Electricity consumption in Ukraine growing due to heat
Last week, due to the heat, the average daily electricity consumption increased by 5.9% on weekdays and by 5.3% on weekends compared to the previous week, Ukrinform reports with reference to the press service of Ukrenergo National Power Company.
Liubchenko: Ukraine leads in Europe in terms of number of people working abroad
The effective use of labor potential and the return of migrant workers from abroad is a matter of national security and statehood, Ukraine's First Deputy Prime Minister, Economy Minister Oleksii Liubchenko has said.
Zelensky, Sandu discuss trade and energy cooperation
During a visit to Georgia, President of Ukraine Volodymyr Zelensky discussed the priority steps to intensify trade and economic cooperation with President of the Republic of Moldova Maia Sandu.
19 July 2021
Ukrainian rural areas will be funded within special program
Rural areas will be financed within a special regional program entitled "New Ukrainian Village" to promote their development.
Kuleba, Onyeama discuss steps to strengthen cooperation between Ukraine and Nigeria
In the context of strengthening relations between Ukraine and African countries, Minister of Foreign Affairs of Ukraine Dmytro Kuleba held a phone conversation with Minister of Foreign Affairs of the Federal Republic of Nigeria Geoffrey Onyeama.
Çetin: Ukrainian business should enter Turkey more actively
Turkey expects Ukrainian business to take more active steps to develop joint projects, and the Government of Ukraine – to sign a bilateral free trade agreement.
Number of Ukrainian debtors up by almost 15% in H1 2021
In the first six months of 2021, the number of Ukrainians included in the Unified Register of Debtors increased by almost 15%, including more than 700,000 new debts registered.
Finland expects more than 500 seasonal workers from Ukraine to pick wild berries
The season of cloudberries and blueberries launches in Finland as the first groups of foreign berry pickers have already arrived in the country.
16 July 2021
Economy Ministry identifies five potential points of economic growth
The Ministry of Economy drafts a system of intersectoral balance with five points of economic growth.
State budget gets UAH 35B more revenues than planned – PM Shmyhal
The state budget of Ukraine received UAH 583 billion in revenues in the first half of 2021, which is UAH 35 billion more than the target plan for this period and UAH 63 billion more than in the first half of 2020.
Ukraine will get $2.7B from IMF in addition to SBA - Mylovanov
Ukraine will receive $2.7 billion from the International Monetary Fund (IMF) as part of the Fund's new initiative to issue additional special drawing rights, while negotiations are underway on new IMF tranches under the traditional Stand-By Arrangement (SBA), according to Tymofiy Mylovanov, an adviser to the head of the President's Office and the president of the Kyiv School of Economics.
Ukrzaliznytsia already received $300M from bonds’ placement
JSC Ukrzaliznytsia has already received funds from the July placement of Eurobonds, Ukrinform reports with reference to the press service of the Ministry of Infrastructure.
NBU revokes two licenses of credit union
The National Bank of Ukraine (NBU) has revoked two licenses of Credit Union “Shans-Plus” on the basis of its own application, Ukrinform reports with reference to the central bank’s press service.