Motor Sich case: $100 million should be repaid to Chinese investors
Director General of Motor Sich Vyacheslav Bohuslayev says that $100 million, which he borrowed, should be repaid to Chinese investors by 2026.
Economy
12 July 2021
Zelensky orders Shmyhal to restore justice in payment of pensions to military
Ukrainian President Volodymyr Zelensky has instructed the government to take measures to restore justice in the payment of pensions to military retirees, the presidential press service has reported.
Revenues from tourist tax payments grow threefold in Kherson region in June
In June 2021, Kherson region received UAH 250,000 in tourist tax payments, which is three time more than in the same period year, according to the Main Department of the State Tax Service in Kherson region, the Autonomous Republic of Crimea and the city of Sevastopol.
Berlin ready to contribute to signing gas transit contract between Ukraine and Russia
Berlin has clearly determined its course on Ukraine's transit role and is doing everything in its power.
Ukrainian farmers gathered 1.4M tonnes of grain of new harvest
Ukrainian farmers harvested 1.4 million tonnes of grain and leguminous crops over the first week of July, Ukrinform reports with reference to the press service of the Ministry of Agrarian Policy and Food.
NBU bought $20M on interbank foreign exchange market last week
The National Bank of Ukraine (NBU) purchased $20 million on the interbank foreign exchange market last week, according to data provided by the central bank.
NBU provides refinancing to 17 banks
The National Bank of Ukraine (NBU) provided a total of UAH 5.425 billion in refinancing to 17 banks, the central bank’s press service reported.
PM Shmyhal: Banks already provided UAH 51.3B of affordable loans
Ukrainian banks have already issued UAH 51.3 billion of loans as part of the government program “Affordable Loans at 5-7-9%”, Prime Minister Denys Shmyhal has written on his Facebook page.
10 July 2021
Zhovkva: There is every chance to stop Nord Stream 2
Deputy Head of the Ukrainian President's Office Ihor Zhovkva has said he believes that there is every chance to stop the Nord Stream 2 gas pipeline project, and Ukraine will continue to negotiate with its Western partners.
Ukraine may get about $2.73B from IMF – NBU governor
Ukraine may receive about $2.73 billion from the IMF thanks to the initiative of Managing Director Kristalina Georgieva as part of a new general SDR allocation equivalent to $650 billion.
09 July 2021
Energy Ministry, Energy Community launch dialogue on Ukraine’s integration into ENTSO-E
Ukraine’s Deputy Minister of Energy Maksym Nemchynov, Director of the Energy Community Secretariat Janez Kopaс and Minister Counselor of the EU Delegation to Ukraine Torsten Wollert have discussed preparations for the integration of Ukraine's energy system into the European Network of Transmission System Operators for Electricity (ENTSO-E).
Online briefing on entering Tunisian market to take place next week
An online briefing "Entering the market and doing business in Tunisia" will take place on July 16 with the participation of Ukraine's Ambassador to the Republic of Tunisia Volodymyr Khomanets.
Berlin insists that Ukraine should maintain gas transit role
Germany is interested in Ukraine as a gas transit country regardless of the launch of the Nord Stream 2 pipeline.
Govnt signs, extends contracts for UAH 15B as part of defense order – Urusky
As of July 1, public contracting authorities concluded 12 and extended 147 contracts for a total amount of almost UAH 15 billion as part of the defense order.
Ukrainian banks issued almost UAH 3B of mortgage loans since year-start
In January-May 2021, Ukrainian banks issued 3,651 mortgage loans worth more than UAH 2.8 billion, Ukrinform reports with reference to the press of the National Bank of Ukraine (NBU).
Finance Minister Marchenko meets with IMF representatives
Representatives of the International Monetary Fund (IMF) have noted Ukraine's progress in carrying out reforms needed to continue the cooperation program.
Ukrainian electric vehicle market decreased by almost 25% in June
In June 2021, 623 electric vehicles were purchased in Ukraine, which is almost 25% less than in June 2020.
Slovak foreign minister outlines seven main areas of reform in Ukraine
Slovakia sees the urgent need for reforms in Ukraine in seven main areas.
SkyUp to start operating flights to Madeira in late July
The Ukrainian low-cost carrier SkyUp Airlines will start operating direct flights to Madeira (Portugal) from July 24, the airline’s press service reports.
PM Shmyhal, World Bank representatives discuss reforms, joint projects
As part of his working visit to Vilnius, Prime Minister of Ukraine Denys Shmyhal held a meeting with World Bank Vice President for Europe and Central Asia Anna Bjerde and World Bank Regional Director for Eastern Europe Arup Banerji, according to the Government portal.
08 July 2021
ACAA: Ukraine has implemented about 80% of EU food safety regulations
Executive Vice President of the European Commission Valdis Dombrovskis praised Ukraine's efforts to sign the ACAA Agreement with the European Union and drew attention to the implementation of EU food standards in Ukraine.
Italy’s Foreign Ministry: Ukraine needs irreversible reforms of banking and energy sector
Italy, as a member of the G7 Ambassadors' Support Group for Ukraine, welcomes the measures taken by Kyiv to implement reforms but draws attention to the need for changes in banking and energy sectors, as well as further progress in land reform.
Ukraine spends over UAH 26B on fight against COVID-19 in H1 2021
A total of UAH 26.3 billion was spent on the fight against COVID-19 in Ukraine in January-June 2021, which was UAH 6.8 billion more than at the beginning of June, the Ukrainian Finance Ministry's press service has reported.
Shmyhal invites Prime Minister of Lithuania to hold business forum in Ukraine
Prime Minister of Ukraine Denys Shmyhal invited Prime Minister of Lithuania Ingrida Šimonytė to visit Ukraine.
Nord Stream 2 strengthens EU's dependence on Russia – Lithuanian PM
Lithuanian Prime Minister Ingrida Simonyte has said that it is necessary to take into account the negative consequences of the completion of the Nord Stream 2 gas pipeline not only for Ukraine but also for the EU, as this project strengthens the EU's dependence on Russia.
Shmyhal: Situation in Belarus will not affect trade relations between Ukraine and Lithuania
Prime Minister of Ukraine Denys Shmyhal has said that the situation in Belarus will not affect trade relations between Ukraine and Lithuania, as there are alternatives for transit, in particular, through the European Union.
Denmark to give Ukraine about EUR 1M to modernize district heating systems
Denmark will provide Ukraine with about EUR 1 million of grant funds to modernize district heating systems as part of the Ukraine-Denmark Energy Partnership Programme (UDEPP), Ukrinform reports with reference to the press service of the Ministry Communities and Territories Development.
Shmyhal: Ukraine may get $10B of additional investments due to land market launch
Prime Minister Denys Shmyhal has said he expects that Ukraine will receive $10 billion of additional investments due to the launch of the agricultural land market.
Ukraine, Denmark sign new five-year agreement on energy cooperation
Ukraine and Denmark have signed a new five-year agreement on cooperation as part of the Ukraine-Denmark Energy Partnership Programme (UDEPP), Ukrinform reports with reference to the Ministry of Energy.