Ukraine's gross domestic product will decline by about 6% in 2020, according to preliminary forecasts of the National Bank of Ukraine (NBU).
The government of Ukraine and the European Bank for Reconstruction and Development (EBRD) have signed a Memorandum of Understanding to strengthen anti-corruption measures and improve the corporate governance of state-owned enterprises.
07 October 2020
Despite the global COVID-19 pandemic, Ukraine remains a reliable trading partner for EU member states.
Prime Minister of Ukraine Denys Shmyhal and representatives of the German Committee on Eastern European Economic Relations discussed ways to improve the investment and business climate between Ukraine and Germany, infrastructure projects, energy efficiency initiatives and digitalization, according to the Ukrainian government’s press service.
The European Investment Bank (EIB) will provide EUR 30 million loan to JSC Ukrposhta, Ukraine’s national postal operator, to continue the modernization and digitalization of the country’s postal services. The loan will allow Ukrposhta to start modernizing its logistics network with three new sorting hubs, 20 postal depots and IT infrastructure.
The World Bank has predicted that Ukraine's economy is expected to decline by 5.5% in 2020, which is lower than for many countries in the region, the World Bank office in Ukraine has reported on its Facebook page.
On October 6, 2020, the Ukrainian Finance Ministry raised UAH 7.2 billion towards the state budget as a result of auctions on the placement of domestic government bonds, the ministry’s press service report.
President of Ukraine Volodymyr Zelensky stated that the Ukrainian delegation presented a vision for renewing the Association Agreement in the field of trade and sectoral cooperation.
06 October 2020
Ukraine hopes to revise the economic part of the Association Agreement with the European Union to increase the volume of trade, Ukrainian Minister for Development of Economy, Trade and Agriculture Ihor Petrashko has said.
Minister Kryklii: Ukraine seeks road freight transport liberalisation within Association Agreement renewal
Minister of Infrastructure of Ukraine Vladyslav Kryklii has stated that Ukraine seeks to include the liberalisation of international road freight transport services in the renewed Association Agreement with the European Union.
Ukrainian President Volodymyr Zelensky has signed the law introducing amendments to certain legislative acts concerning the moratorium on foreclosures on foreign currency mortgages, the presidential press service has reported.
As of October 6, Ukraine produced 125.3 thousand tonnes of sugar and processed 940.4 thousand tonnes of sugar beet, according to the Ukrtsukor National Association of Sugar Producers of Ukraine.
Ukraine’s National Nuclear Energy Generating Company Energoatom transferred UAH 9.399 billion in tax and insurance payments to the budgets of all levels between January-August 2020, according to the company’s press service.
In September 2020, Ukrainians registered 35.9 thousand used cars imported from abroad, which is 56% more than in September 2019, according to the Ukrainian Motor Vehicle Manufacturers Association (Ukrautoprom).
The Council of the National Bank of Ukraine (NBU) announced a reprimand and expressed no confidence in NBU First Deputy Governor Kateryna Rozhkova and NBU Deputy Governor Dmytro Solohub.
The Deposit Guarantee Fund has completed payments to the depositors of PJSC CB Khreschatyk, according to the Fund’s press service.
Ukraine’s Windrose Airlines has started selling tickets for direct flights on the Kyiv-Kherson route, according to Kherson Regional State Administration.
05 October 2020
Half of the medical institutions in Ukraine have already received funds for increased salaries to doctors for September this year, Ukrainian Prime Minister Denys Shmyhal has said.
Digital transformation in Ukraine will help entrepreneurs to develop their business faster.
Ukraine is interested in the cooperation with the Republic of South Africa in the sector of transport, in particular aviation and maritime transport.
Ukraine will start natural gas exports to the EU during the heating season if the situation on the European market is favorable, acting Director General of Ukrtransgaz Sergiy Pereloma has said.
The hryvnia exchange rate may fluctuate within UAH 28.0-28.75 per the U.S. dollar and in October 2020, according to a forecast by the Forex Club Group of Companies.
As of October 5, PJSC Gazprom’s gas transit via Ukraine’s gas transmission system reached 40 billion cubic meters, or 2/3 of the gas volumes contracted for 2020, the press service of LLC Gas Transmission System Operator of Ukraine (GTSOU) wrote on Facebook.
The National Bank of Ukraine (NBU) sold $51.1 million on the interbank foreign exchange market last week, according to data provided by the central bank.
Ukraine's state budget was 115% fulfilled in September 2020, with revenues being UAH 10.1 billion above the target, Ukrainian Prime Minister Denys Shmyhal has said.
03 October 2020
Ambassador of the Federal Republic of Germany to Ukraine Anka Feldhusen sees several opportunities for Ukraine-Germany economic cooperation, mentioning pharmaceuticals industry and clean energy among them.
02 October 2020
Ukraine International Airlines (UIA) has updated its plans and schedule for non-stop wide-body flights between Kyiv and New York. UIA is planning to resume flights as the spring season takes hold in both cities, according to the airline’s press service.
As of October 1, Ukrainian farmers harvested 51.8 million tonnes of main crops from an area of 16.8 million hectares.
As part of a working trip to Chernivtsi region, President of Ukraine Volodymyr Zelensky inspected the newly-built bridges across the Cheremosh River and infrastructure facilities reconstructed under the Great Construction national program.
Families who lost their houses in fires in Luhansk region will receive UAH 300,000 each, Prime Minister of Ukraine Denys Shmyhal said on Friday.
The Ministry for Reintegration of the Temporarily Occupied Territories of Ukraine has submitted a draft concept of the strategy for economic development of Donetsk and Luhansk regions to the central executive bodies and local government bodies of Donetsk and Luhansk regions for approval.
JSC Moldovagaz is planning to pump about 100 million cubic meters of gas into Ukrainian underground gas storage facilities for storage.
The Energy Ministry is completing the process of developing a concept of reforming the Ukrainian coal industry, the ministry’s press service reports.
The central banks of Poland and Lithuania and the National Bank of Ukraine (NBU) have launched a joint Twinning project “Strengthening the institutional and regulatory capacity of the National Bank of Ukraine to implement the EU–Ukraine Association Agreement”, the NBU’s press service reports.
01 October 2020
In September, Ukraine’s exports totaled $4.19 billion, up 2.87% compared to September last year.
The construction of a bypass road around the city of Rivne is planned to be fully completed next year; the total cost of the work is UAH 830 million.
The European Bank for Reconstruction and Development forecasts a 5.5% decline in Ukraine's GDP this year and recovery of 3% in 2021.
Ukrainian Minister for Development of Economy, Trade and Agriculture Ihor Petrashko and representatives of the U.S. investment company Argentem Creek discussed potential investment projects, the ministry’s press service wrote on its Facebook page.
As of October 1, 2020, the balance of funds on the Ukrainian single treasury account reached UAH 21.275 billion, which is half of that as of September 1, 2020.
In September 2020, the State Customs Service transferred UAH 33.15 billion in revenues from customs payments to the state budget of Ukraine, which is UAH 1 billion more the revenue plan, the press service of the State Customs Service reported.
In September 2020, Ukrainian mining enterprises produced 2.626 million tonnes of coal, which is 103% of the production plan, the Coal Miners Union of Ukraine reported with a reference to the Energy Ministry.
From 1 October 2020, the National Bank of Ukraine withdraws from circulation 25-kopiika coins and old design hryvnia banknotes (introduced in circulation before 2003).
The Cabinet of Ministers of Ukraine has decided to allocate additional funds in the amount of UAH 175.27 million to overcome the consequences of the June flood in western regions of Ukraine, according to the press service of the Economy Ministry.
President Volodymyr Zelensky has signed the Law "On the provision of construction products on the market,” the president’s press service reports.
30 September 2020
The Hungarian low-cost airline Wizz Air has changed its flight schedule from the Ukrainian city of Kharkiv due to COVID-19.
Ukraine's National Nuclear Energy Generating Company Energoatom and Westinghouse Electric Company (the United States) have signed a new contract for the supply of fuel for VVER-440 reactors to Ukraine.
Specialists of the Ukrainian State Service on Food Safety and Consumer Protection and representatives of the competent body of the United Mexican States discussed issues of strengthening cooperation between the countries.
The Deposit Guarantee Fund of Ukraine sold insolvent banks' assets worth UAH 42.60 million last week, the fund's press service reported.
The Finance Ministry is not considering a scenario in which Ukraine will not receive a tranche from the International Monetary Fund (IMF).
The Deposit Guarantee Fund started to pay refunds to the depositors of JSC Bank Arcada from September 29, the fund's press service reports.
Ukraine International Airlines (UIA) has canceled two flights to Israel in October 2020 and postponed the launch of two new flights to Europe, the company's press service has reported.
As of September 28, Ukrainian farmers have already sown more than 2.2 million hectares with winter grains, which is 27% of a projected area totaling 8.2 million hectares, the press service of the Ministry for Development of Economy, Trade and Agriculture reports.
This year, 104.5 km of roads and eight facilities will be repaired in Vinnytsia region within the framework of the Great Construction national program.
29 September 2020
In August 2020, Ukraine's total public and state-guaranteed debt in the national currency decreased by UAH 16.9 billion, to UAH 2,338.18 billion, the press service of the Ukrainian Finance Ministry reported.
In January-July 2020, Ukraine’s fish and crustacean exports grew by 23.3% compared with the same period last year, up to over $18.7 million, the press service of the Ukrainian State Agency of Fisheries reports referring to data provided by the State Statistics Service.
In January-August 2020, Zakarpattia region received UAH 3.8 million in tourist tax payments, according to the Main Department of the State Tax Service of Zakarpattia region.
The Energy Ministry recommends that UAH 150 million be envisaged for the program of energy efficiency loans in the state budget for 2020, according to the ministry’s press service.
The average nominal salary of Ukrainians in August 2020 was 8.6% higher than in August 2019 and amounted to UAH 11,446, the State Statistics Service has reported.
Vice Prime Minister - Minister of Strategic Industries of Ukraine Oleh Urusky suggests expanding the use of titanium in various spheres and improving the quality of its processing.