Government replaces acting head of Ukrzaliznytsia
The Cabinet of Ministers dismissed Zeljko Marcek as acting CEO of JSC Ukrzaliznytsia and appointed Ivan Yuryk to replace him, according to Infrastructure Minister Vladyslav Kryklii.
Economy
Pension Fund: 66.4% of Ukrainian retirees receive pensions through banks
As of April 1, 7.5 million Ukrainian retirees receive pension payments through banks, according to the Pension Fund of Ukraine.
NBU: Banks to remain closed for three days over Easter holiday
The Ukrainian banking system will remain closed for three days due to the Easter holiday celebrated in Ukraine on April 19, according to the National Bank of Ukraine (NBU).
Number of unemployed rises by 45% in Kyiv city
The number of unemployed has increased by 45% in Kyiv city since the introduction of quarantine measures on March 12, according to Director of Kyiv City Employment Center Viktor Bilych.
NBU determines criteria for write-off of banks' impaired financial assets
The National Bank of Ukraine (NBU) has determined the criteria for writing off the impaired financial assets of banks from reserves for expected losses, which will allow banks to get rid of non-performing loans, the central bank's press service has reported.
14 April 2020
Minister Kuleba: Some countries ready to organize charter flights for Ukrainian seasonal workers
Demand for Ukrainian labor migrants in the neighboring countries is so high given the onset of seasonal works that the governments are ready to pay for charter flights and preparation of documents for them.
IMF projects drop in Ukraine's GDP to -7.7% due to coronavirus
The International Monetary Fund (IMF) expects a serious drop in Ukraine's economic growth due to the coronavirus - down to -7.7% in 2020, according to the IMF's World Economic Outlook for April 2020.
Public procurement: UAH 1.5 bln already spent on fight against coronavirus
State agencies have already allocated UAH 1.47 billion for the purchase of goods and services to tackle the coronavirus epidemic, according to the Ministry for Development of Economy, Trade and Agriculture.
PM Shmyhal, French ambassador agree on implementation of infrastructure projects
Prime Minister Dmytro Shmyhal met with Ambassador Extraordinary and Plenipotentiary of France to Ukraine Etienne de Ponsen and agreed on the implementation of infrastructure projects in Ukraine.
Government dismisses two deputy economy ministers
The Cabinet of Ministers has dismissed Pavlo Kukhta as Ukraine's first deputy minister for economic development, trade and agriculture.
Ukrnafta pays over UAH 5 bln in taxes in Q1 2020
PJSC Ukrnafta paid UAH 5.08 billion in taxes to the budgets of all levels in the first quarter of 2020, the company’s press service reported.
Ukraine, Hungary to develop economic cooperation despite COVID-19 – Foreign Ministry
Ukraine’s Foreign Minister Dmytro Kuleba and Hungary's Foreign Minister Péter Szijjártó in a phone conversation have discussed the fight against the COVID-19 pandemic and issues of economic cooperation.
Finance Minister: Budget amendments provide for IMF aid
The support from international financial institutions, including direct support from the International Monetary Fund, is provided for in the adopted state budget.
Ukraine demonstrates progress in public financial management - World Bank
The Ukrainian government has made progress in the application of International Public Sector Accounting Standards (IPSAS), the World Bank said in the 2019 Ukraine Public Expenditure and Financial Accountability (PEFA) Assessment report published on April 13.
Ukraine's PM hopes economic growth will resume in H2, 2020
Ukrainian Prime Minister Denys Shmyhal has said he hopes that economic growth in Ukraine will resume in the second half of the year thanks to the joint efforts of the authorities.
13 April 2020
Ukrainian MPs refuse to cancel land market bill
The Verkhovna Rada has rejected all 13 draft resolutions proposing to cancel the land market bill.
Commissioner for Land Affairs: UAH 4 bln to support farmers preserved in state budget
UAH 4 billion to support Ukrainian farmers have been preserved in the state budget.
Parliament removes ‘tobacco amendment’ from law on single account for paying taxes
The Verkhovna Rada adopted the Law of Ukraine “On Amendments to Some Laws of Ukraine on the Introduction of Single Account for Paying Taxes and Duties, Single Social Security Contribution”, taking into account the proposals of President Volodymyr Zelensky.
Parliament opens access to geospatial data for Ukrainians
The Verkhovna Rada adopted the Law of Ukraine "On National Geospatial Data Infrastructure" (bill No. 2370) which established free access to relevant information for citizens and economic entities.
Ukrainian parliament approves amendments to state budget for 2020
The Verkhovna Rada, Ukraine's parliament, has approved amendments to the country's state budget 2020 at first reading and as a whole.
Fight against COVID-19 and economy: Government action plan released
The action plan of the Cabinet of Ministers of Ukraine submitted to the Verkhovna Rada is aimed at overcoming the risks to life and health of Ukrainian citizens in the short term, as well as restoring economic growth in the long term.
Pension Fund transferred over UAH 19 bln for pension payments since start of April
The Pension Fund of Ukraine has already transferred UAH 19.1 billion for pension payments since the start of April.
Ukraine’s air traffic drops 37.5% in March - UkSATSE
The air traffic in Ukraine fell by 37.5% in March 2020 compared to the relevant period last year, according to the Ukrainian State Air Traffic Services Enterprise (UkSATSE).
NBU provides UAH 260 mln in refinancing to three banks
The National Bank of Ukraine (NBU) provided UAH 260 million in refinancing to three banks on April 10, the central bank’s press service reported.
Government intends to raise budget of Pension Fund by UAH 29.7 bln
The Cabinet of Ministers of Ukraine has proposed that expenditures for the Pension Fund be raised by UAH 29.7 billion.
Great Construction project: Six thousand kilometers of roads planned to be built this year
The works on 150 sites have already started within the Great Construction project, and more than 6,000 kilometers of national and local roads are planned to be built this year.
Ukrzaliznytsia has no plans to raise ticket prices – infrastructure minister
JSC Ukrzaliznytsia does not plan to raise ticket prices after quarantine.
11 April 2020
Finance Minister: Ukraine not to face default without cooperation with IMF
If Ukraine has limited external borrowing opportunities, the Government will be forced to take other radical steps.
Government works to increase electricity exports
The Government of Ukraine is in talks to increase electricity export capacities.
Shmyhal pledges 500,000 jobs to Ukrainians in May
The Government of Ukraine is working to create 500,000 jobs for Ukrainians who lost their jobs because of quarantine.
10 April 2020
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.
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.