Kyiv tourism industry lost USD 1B due to lockdown
The travel industry of the capital of Ukraine has suffered losses worth almost USD 1 billion due to a coronavirus lockdown.
Economy
Ukrzaliznytsia paid UAH 7B in taxes to local budgets in Jan-Oct 2020
JSC Ukrzaliznytsia, Ukraine's state rail operator, paid almost UAH 7.1 billion in taxes to local budgets in January-October 2020, the company’s press service reports.
Windrose launches Kyiv-Belgrade flight
The first flight on the Kyiv (Ukraine) – Belgrade (Serbia) route was performed on December 7, 2020.
Ukraine sees vehicle production grow by 25% in Nov - Ukrautoprom
Some 638 vehicles were manufactured in Ukraine in November 2020, which was almost a quarter more than in the same month in 2019, the Ukrainian Motor Vehicle Manufacturers Association (Ukrautoprom) has reported.
Ukrainian farmers gathered grain crops from 99% of planted area
As of December 7, Ukraine harvested 81.9 million tonnes of main crops from an area of 24 million hectares, including 63.5 million tonnes of grain and leguminous crops from an area of 15.1 million hectares, or 99% of planted area, according to the Ministry for Development of Economy, Trade and Agriculture.
State budget received UAH 61B of excise tax payments in Jan-Nov 2020
In January-November 2020, the general fund of Ukraine’s state budget received almost UAH 61.1 billion of excise tax payments for Ukrainian-manufactured goods, which is UAH 7.5 billion more compared with the relevant period last year, according to the Ukrainian State Tax Service.
Ukraine’s honey exports hit record high in Jan-Nov 2020 - expert
Ukraine exported 69,800 tonnes of honey for a total sum of $117.5 million in January-November 2020.
Honda seeks to increase its presence in Ukraine
Honda Japanese corporation seeks to increase its presence in the Ukrainian market.
Ukraine’s air traffic in November down 56.7% - UkSATSE
The air traffic in Ukraine fell by 56.7% in November 2020 compared to the relevant period last year, according to the Ukrainian State Air Traffic Services Enterprise (UkSATSE).
President signs law to postpone introduction of cash registrars for individual entrepreneurs
President Volodymyr Zelensky has signed a law on the liberalization of the use of registrars of settlement operations (RSO) by unified tax payers and abolition of the compensation mechanism for buyers (consumers) on complaints about settlement transactions.
IRENA ready to hold renewable energy investment forum in Ukraine
The International Renewable Energy Agency (IRENA) is ready to hold the first regional renewable energy investment forum in Ukraine as soon as the world's quarantine restrictions related to the COVID-19 pandemic are eased.
07 December 2020
NBU provides refinancing to six banks for UAH 997.7M
The National Bank of Ukraine (NBU) provided UAH 997.7 million in refinancing to six banks, the NBU's press service reported.
Air and railway tickets booking recover up to 70% of pre-quarantine level – Opendatabot
Reservation of railway and air tickets in Ukraine began to resume in November - early December 2020, according to the Opendatabot open registration data monitoring service.
Ukraine's international reserves decreased by $4.7M in November
In November 2020, Ukraine's international reserves decreased by USD 4.7 million – to USD 26.136 billion (in equivalent), according to the press service of the National Bank of Ukraine (NBU).
Experts predict hryvnia strengthening this week
This week the U.S. dollar exchange rate against the hryvnia is expected to decline, and the cash dollar in banks may be traded at about UAH 28.1/28.3, according to a weekly forecast released by Alpari analytical company.
ARMA transferred UAH 13M to state budget in Jan-Oct 2020
In January-October 2020, the Asset Recovery and Management Agency (ARMA) transferred UAH 13 million in revenues from asset management to the state budget.
Ukraine’s FM, Director-General of IRENA discuss renewable energy cooperation
During a working visit to the United Arab Emirates, Minister of Foreign Affairs of Ukraine Dmytro Kuleba met with Francesco La Camera, Director-General of the International Renewable Energy Agency (IRENA) to discuss cooperation in the field of renewable energy.
UkraineInvest to hold international conference for investors on Dec.11
The Ukrainian government's investment promotion office UkraineInvest will hold an online international conference for investors on December 11.
Urusky expects government to approve concept of new space program by year-end
The Ministry of Strategic Industries has submitted to the Cabinet of Ministers a concept of the National Targeted Scientific and Technical Space Program for 2021-2025.
First ever direct flight on Kyiv-Skopje route performed
Ukraine and the Republic of North Macedonia have been connected by regular flights. On Sunday, a direct flight on the Kyiv-Skopje route was carried out for the first time in history.
04 December 2020
Shmyhal invites British business delegation to Ukraine
Ukrainian Prime Minister Denys Shmyhal has invited a British business delegation to Ukraine for meetings with Ukrainian businessmen, according to the website of the Ukrainian government.
UIA to operate flight to Tashkent on Dec. 15 and 28
Ukraine International Airlines (UIA) will perform a flight to Tashkent (Uzbekistan) on December 15 and 28.
Deposit Guarantee Fund already paid more than UAH 170M to depositors of Bank Arcada
The Deposit Guarantee Fund has already paid over UAH 170 million as guaranteed refunds to the depositors of JSC Bank Arcada, the Fund’s press service reports.
Verkhovna Rada passes law on one-time assistance to entrepreneurs due to lockdown
The Verkhovna Rada has adopted at first reading and as a whole a bill that provides for the payment of one-time assistance to support entrepreneurs and employees for the period of the COVID-19 lockdown.
Funds for salaries of miners to be transferred soon – PM Shmyhal
Prime Minister Denys Shmyhal has said that UAH 1.4 billion will be soon transferred to pay off wage arrears of coal miners.
Ukraine, Brazil identify promising projects in military and aerospace industries
Deputy Head of the Ukrainian President’s Office Ihor Zhovkva met with a Brazilian delegation led by Deputy Defense Minister of Brazil Marcos Rosas Degaut Pontes on December 3, according to the press service of the head of state.
03 December 2020
Ukraine’s infrastructure minister: Airline industry may show 50% recovery by end of 2021
Next year, the Ukrainian airline industry may recover by 50% compared to its performance in 2019.
Ukraine interested in strengthening cooperation with E5P Fund
Ukraine is interested in strengthening cooperation with the E5P Fund, which will help ensure the implementation of infrastructure modernization projects in the country.
Ukraine could borrow about $1B on foreign market by year-end - PM Shmyhal
Prime Minister Denys Shmyhal has said that by the end of the current year, Ukraine could borrow UAH 50-60 billion on the domestic market [about $2 billion] and about $1 billion on the foreign market.
PM Shmyhal: State budget to be fulfilled this year
Prime Minister Denys Shmyhal says that the current economic situation enables Ukraine to fulfill the 2020 budget.
Share of non-performing loans in Ukrainian banks decreasing - NBU
As of November 1, the share of non-performing loans (NPLs) in the banking sector decreased to 43.4%, the press service of the National Bank of Ukraine (NBU) wrote on Facebook.
02 December 2020
Kryklii authorized to sign agreement with EIB on road repair in Luhansk region
The Cabinet of Ministers endorsed the decree “On attracting a EUR 100 million loan from the European Investment Bank (EIB) to restore the road infrastructure of Luhansk region."
Ukraine’s minimum wage to increase in Jan and Dec next year
The minimum wage in Ukraine will rise to UAH 6,000 from January 1, 2021 and to UAH 6,500 from December 1, 2021.
Verkhovna Rada ratifies agreement with EIB on Ukrenergo loan
The Verkhovna Rada, Ukraine's parliament, has adopted a law ratifying the guarantee agreement between Ukraine and the European Investment Bank (EIB), which creates legal grounds for using a EUR 136 million loan to implement National Power Company Ukrenergo's project, the Ukrainian Finance Ministry's press service has reported.
PM Shmyhal: Expenditures on healthcare projected at UAH 161B in 2021
Expenditures on the healthcare sector have been projected at UAH 161 billion in the state budget for 2021.
Zelensky signs law on functioning of state agrarian register
President Volodymyr Zelensky has signed the law on the functioning of the State Agrarian Register, which will simplify the provision of targeted state support for agricultural producers, the president’s press service reports.
Ukraine cooperates with Sweden in digital transformation sector
Vice Prime Minister - Minister of Digital Transformation of Ukraine Mykhailo Fedorov met with representatives of the Swedish business community.
Verkhovna Rada amends law on concession
The Verkhovna Rada of Ukraine approved at second reading and as a whole the bill on postponing the introduction of the Electronic Trading System (ETS) for concession tenders until September 1, 2021.
Mariupol Sea Port increases volumes of cargo transshipment by 11%
In January-November 2020, Mariupol Sea Commercial Port increased the volumes of cargo transshipment by 11.2% or almost 600,000 tonnes – from 5.150 million to 5.725 million tonnes, the port’s press service wrote on its Facebook page.
01 December 2020
Ukraine, Brazil agree on cooperation in defense industry
First Deputy Minister for Strategic Industries of Ukraine Valeriy Ivashchenko and Deputy Defense Minister of Brazil Marcos Rosas Degaut Pontes have signed a memorandum of understanding.
EU shows interest in Ukraine’s extractive industry – Economy Ministry
The European Union has expressed interest in the extractive industry of Ukraine, and believes that Ukraine can become a reliable partner in the supply of raw materials and processed products.
Ukraine already harvested 62.5M tonnes of grain and leguminous crops
As of November 30, Ukrainian farmers harvested 62.5 million tonnes of grain and leguminous crops from an area of 15 million hectares, or 98% of the planted area, according to the press service of the Ministry for Development of Economy, Trade and Agriculture.
Shmyhal: Ukraine and Turkey are one step away from doubling trade
Ukraine-Turkey bilateral relations have gained momentum and open up opportunities for doubling trade and increasing investment.
State Customs Service exceeds revenue plan in November
The State Customs Service of Ukraine transferred UAH 35.86 billion in revenues from customs payments to the state budget in November 2020, according to the agency’s press service.
Parliament postpones mandatory use of registrars of settlement transactions
The Verkhovna Rada of Ukraine has approved as a basis and as a whole the law postponing mandatory use of registrars of settlement transactions for some individual entrepreneurs for the period of one year.
Ukraine’s pensions to grow from Dec. 1
Due to the increase in the living wage, pensions and some social benefits in Ukraine will grow from December 1, 2020.
Khmelnytskoblenergo, South Korea's KT Corporation to cooperate on smart grid technologies
Ukraine's state-owned electricity distribution service operator Khmelnytskoblenergo and South Korea's telecommunications service provider KT Corporation intend to collaborate in developing an advanced metering infrastructure project in Ukraine, Khmelnytskoblenergo has said in a press release.
PM Shmyhal announces ‘major privatization’ for 2021, invites Turkish investors
Ukraine offers Turkish companies great potential in the field of infrastructure projects, seaports and telecommunications, in the privatization of state-owned companies of energy, chemical and machinery industries.
PM Shmyhal, vice president of Turkey discuss joint investment projects
As part of an official visit to the Republic of Turkey, Prime Minister of Ukraine Denys Shmyhal has met with Vice President of Turkey Fuat Oktay.
Ukraine’s construction output grew by 2% in Jan-Oct 2020
In January-October 2020, Ukraine’s construction output grew by 1.9% compared to the relevant period last year, according to the data provided by the State Statistics Service of Ukraine.
30 November 2020
Ukrzaliznytsia joins First Lady's 'Business without Barriers' initiative
Ukraine's state rail operator Ukrzaliznytsia has joined First Lady Olena Zelenska's initiative to sign a declaration "Business without Barriers" between major Ukrainian and international companies so as to make travel accessible to all citizens, the company has reported on its Facebook page.
Arakhamiya: Verkhovna Rada to consider state budget for 2021 next week
The Verkhovna Rada of Ukraine plans to consider the draft state budget for 2021 at a special meeting next week.
Ukraine interested in implementing investment projects with Turkish companies
Ukraine is interested in developing mutually beneficial investment cooperation with Turkey, Infrastructure Minister of Ukraine Vladyslav Kryklii said at a round table meeting with leading Turkish companies.
G7 Ambassadors comment on privatization of state-owned assets in Ukraine
During a meeting with the head of the State Property Fund of Ukraine, the G7 Ambassadors reaffirmed their support for the transparent and fair privatization of state-owned assets.
PM Shmyhal meets with Turkish minister of industry and technology
As part of a working visit to the Republic of Turkey, Prime Minister of Ukraine Denys Shmyhal met Minister of Industry and Technology of the Republic of Turkey Mustafa Varank.
PM Shmyhal meets with representatives of leading Turkish companies
As part of a working visit to the Republic of Turkey, Prime Minister of Ukraine Denys Shmyhal met with top Turkish companies with a total investment portfolio of USD 5 billion.
PM Shmyhal meets with representatives of leading Turkish companies
As part of a working visit to the Republic of Turkey, Prime Minister of Ukraine Denys Shmyhal met with top Turkish companies with a total investment portfolio of USD 5 billion.
28 November 2020
Ukraine, Estonia sign agreement on financial cooperation
Prime Minister of Ukraine Denys Shmyhal and Prime Minister of the Republic of Estonia Jüri Ratas have signed an intergovernmental agreement on technical and financial cooperation.
Drop in Ukraine’s GDP should not exceed 5% at year-end – Kovaliv
A decline in Ukraine’s GDP at the end of 2020 should not exceed 5%, according to Deputy Head of the President’s Office Yulia Kovaliv.