The freight turnover of Ukrainian transport enterprises in January-August 2020 shrank by 17.1% compared to the same period in 2019, to 185.7 billion tonne-kilometers, the State Statistics Service has reported.
21 September 2020
Ivano-Frankivsk region needs an additional UAH 350 million to restore facilities affected by the June floods.
In the first half of 2020, enterprises of Ukraine’s agro-industrial holding company Myronivsky Hliboproduct (MHP) transferred UAH 1.59 billion of tax payments to the budgets of all levels, according to the company’s press service.
More than 27 billion cubic meters of gas have already been accumulated in Ukrainian underground gas storage facilities, the press service of NJSC Naftogaz of Ukraine reports.
The National Bank of Ukraine (NBU) sold $71 million on the interbank foreign exchange market over the past week, according to data provided by the central bank.
Ukraine's public debt will amount to 68% of GDP at the end of 2020, Ukrainian Finance Minister Serhiy Marchenko has said in an interview with Radio Free Europe/Radio Liberty.
Ukraine and Turkey have agreed to deepen cooperation to create joint programs in the space industry.
Finance Minister of Ukraine Serhiy Marchenko has announced that the government may envisage the provision of mortgage loans for 30,000 Ukrainian families in the state budget for 2021.
19 September 2020
Since the launch of the state program "Affordable Loans at 5-7-9%", Ukrainian entrepreneurs have received loans worth about UAH 8 billion, Finance Minister Serhiy Marchenko has said.
Prime Minister of Ukraine Denys Shmyhal believes that GDP growth at 4.6%, which is included in the draft state budget for 2021, is completely realistic.
18 September 2020
Shmyhal suggests resuming work of Ukraine-Bulgaria intergovernmental commission on economic cooperation
Prime Minister of Ukraine Denys Shmyhal has stressed that Ukraine is interested in deepening bilateral relations with the Republic of Bulgaria and suggested resuming the work of the Ukraine-Bulgaria Joint Intergovernmental Commission on Economic Cooperation.
Ukraine and Turkey have restarted the negotiation process on signing a free trade agreement.
Ukrainian Finance Minister Serhiy Marchenko has said that it will be possible to ensure health care expenditures at 5% of GDP by 2023.
The Ministry of Finance of Ukraine is currently discussing the parameters of the draft state budget of Ukraine for 2021with the International Monetary Fund.
July 1 - September 18, Ukraine exported 10.33 million tonnes of grain crops and legumes. Compared to the same period last year, the exports fell by 1.17 million tonnes.
17 September 2020
Secretary of Ukraine's National Security and Defense Council (NSDC) Oleksiy Danilov and China's Ambassador to Ukraine Fan Xianrong have discussed the further development of Ukrainian-Chinese cooperation in the political, economic and security spheres, noting that the trade between the two countries in 2019 amounted to $12.8 billion, the NSDC's press service has reported.
Ukrainian plants manufactured 121 vehicles in August 2020, which is 5.5 times less than in August 2019, according to the Ukrainian Motor Vehicle Manufacturers Association, UkrAutoProm.
The Ukrainian government may extend the program of energy efficiency loans for 2021.
The European "green" course is an incentive for Ukraine to reform its energy system and become stronger as a state.
The renovated Dnipro International Airport will become another step by the state towards a civilized and comfortable public life, the President's Office has reported on Facebook.
16 September 2020
Land reform will provide additional impetus to more active lending to agricultural enterprises.
Since the beginning of the coronavirus pandemic, about 300,000 people have been employed in Ukraine, testifying to progress in the implementation of a program to create half a million jobs.
The Cabinet of Ministers has supported the national anti-corruption strategy for 2020-2024 developed by the National Agency on Corruption Prevention (NACP), taking into account technical and legal amendments.
Ukraine International Airlines (UIA) will launch five new international flights from Kyiv from October 1, the airline’s press service reports.
The draft state budget of Ukraine for 2021 takes into account the needs of the people and is likely to be implemented.
Kuleba, Schallenberg discuss Ukrainian-Austrian business projects in infrastructure and energy sectors
Ukrainian Foreign Minister Dmytro Kuleba and Austrian Federal Minister for European and International Affairs Minister Alexander Schallenberg have discussed the development of business projects between Austria and Ukraine in the infrastructure and energy sectors.
Ukraine’s Ambassador to the State of Qatar Andrii Kuzmenko held a meeting with Senior Vice President for Aeropolitical and Corporate Affairs at Qatar Airways Fathi Atti.
Ukraine has already used 22.9 billion from the special Fund to fight COVID-19, according to the press service of the Finance Ministry of Ukraine.
JSC Ukrzaliznytsia (Ukrainian railways) has carried 11.8 million passengers within Ukraine since the beginning of 2020, according to the company's press service.
Luhansk region has already received about UAH 4 billion for road repairs in 2020.
Naftogaz of Ukraine CEO Andriy Kobolyev has said that Ukraine will receive about $2 billion from Russia's Gazprom for the use of Ukraine's gas transmission system.
President Volodymyr Zelensky has invited Austrian investors to take part in the implementation of infrastructure projects in Ukraine, in particular in tunneling and the creation of ski resorts.
15 September 2020
Prime Minister Denys Shmyhal has held a meeting with representatives of wood processing companies to discuss the fight against illegal logging.
Ukraine is considering the issue of participating in the Powering Past Coal Alliance (PPCA) to attract investments and launch new projects in mining towns.
Taxpayers transferred UAH 645 million of single tax payments to local budgets in Donetsk region between January-August 2020, according to the main department of the State Tax Service in the region.
Deputy Foreign Minister of Ukraine Dmytro Senik and Ambassador of the State of Israel to Ukraine Joel Lion emphasized the need for the Israeli government's early ratification of a Free Trade Agreement between Ukraine and Israel.
The Finance Ministry of Ukraine has reported that draft amendments to the Tax Code of Ukraine approved by the Cabinet of Ministers aim to raise the level of tax administration, improve the conditions for starting a business and, as a result, increase revenues from taxes and fees to the state budget by UAH 2.7 billion in 2021.
14 September 2020
Ukraine's draft state budget for 2021 provides for a reduction in the national debt by 3.4% - to 64.6% of GDP, Finance Minister Serhiy Marchenko has said.
The Hungarian low-cost airline Wizz Air has canceled 12 flights from Ukraine until March 2021, Lowcost Avia reports.
Ukraine's draft state budget for 2021 envisages the provision of UAH 19.4 billion for the fight against COVID-19, Finance Minister Serhiy Marchenko has said.
Another round of consultations has begun in Ankara as part of the negotiation process on the conclusion of a free trade agreement between Ukraine and the Republic of Turkey, an Ukrinform correspondent reports.
Ukraine's draft state budget for 2021 envisages a 1.5% reduction in the budget deficit compared to 2020, to UAH 270 billion, Ukrainian Finance Minister Serhiy Marchenko has said.
Prime Minister Denys Shmyhal has stated that the draft state budget for 2021 is well-balanced and meets the challenges that Ukraine is facing, the Government portal reports.
The price of buckwheat in Ukraine has grown by 2.2 times since August 2019, up to UAH 36.92 per kilogram in August 2020, according to the State Statistics Service.
The Cabinet of Ministers has instructed the State Audit Service to conduct checks of the use of funds from the special Fund to prevent the spread of coronavirus disease, according to the press service of the Finance Ministry.
The Cabinet of Ministers has approved the draft state budget for 2021 at an extraordinary meeting on Monday.
Since the beginning of the 2020/2021 marketing year, Ukraine has exported 9.2 million tonnes of grain, which is 1.1 million tonnes less than in the same period of last season, according to the Information and Analytical Portal of Ukraine’s Agro-Industrial Complex.
11 September 2020
Ukrainian farmers have started gathering corn in eight regions, threshing the first 107,000 tonnes of corn from an area of 25.8 thousand hectares, according to the press service of the Ministry for Development of Economy, Trade and Agriculture of Ukraine.
Ukraine's GDP in January-July 2020 decreased by 6.2% compared to the same period in 2019, according to preliminary estimates of the Ministry of Economic Development, Trade and Agriculture of Ukraine.
JSC Ukrzaliznytsia (Ukrainian Railways) paid over UAH 16.4 billion in taxes and fees to the budgets of all levels and state trust funds in January-August 2020, the company's press service reports.
Poland's state oil and gas company PGNiG exported 0.9 billion cubic meters of natural gas to Ukraine in the first half of 2020.
Ukraine’s consumer inflation in annual terms accelerated to 2.5% in August 2020 (from 2.4% in July), according to the press service of the National Bank of Ukraine (NBU).
Ukraine has slightly reduced its own agricultural exports to the European Union during the coronavirus crisis, but retained its place among the top five largest agricultural exporters to European countries, according to a report posted on the European Commission’s website.
Ukraine should maintain the independence of all anti-corruption bodies in order to continue the current IMF-supported program, Director of the IMF Communications Department Gerry Rice has said.
The U.S. Treasury Department's Office of Foreign Asset Control (OFAC) has imposed sanctions on independent Ukrainian MP Andriy Derkach, according to a press release posted on the agency's website.
10 September 2020
Ukraine has climbed four spots in the global economic freedom ranking, but remains the only European country in the category of economically unfree countries, according to the Fraser Institute's annual Economic Freedom of the World report released on September 10.
Ukraine and Spain discussed expanding cooperation in investment, energy efficiency, renewable energy sources, transport infrastructure and tourism, the press service of the Ministry of Economic Development, Trade and Agriculture of Ukraine has reported.
Ukraine's draft state budget for 2021 will be submitted to the Verkhovna Rada on September 15, Prime Minister Denys Shmyhal has said.
The Pension Fund of Ukraine has approved the average wage for July 2020 at 9,837 hryvnias and 35 kopecks, according to the Fund’s press service.