Ukraine’s gas transmission system was built for gas transmission, and transit is currently the only way to use it optimally.
A video conference of the Ukrainian Chamber of Commerce and Industry with Brazilian business associations has been held with the assistance of the Ukrainian Foreign Ministry.
The Finance Ministry of Ukraine expects that the state budget for 2021 will be approved by mid-December.
The European Business Association (EBA), together with Raiffeisen Bank Aval and VISA, is launching an online education program for small businesses, according to the EBA press service.
Ukrainian President Volodymyr Zelensky has registered in the Verkhovna Rada a bill proposing to allocate money from the Fund to Combat COVID-19 to support entrepreneurs and employees.
Ukraine's draft state budget for 2021 envisages a reduction in the budget deficit from 6% to 5.5%.
The Cabinet of Ministers has approved a draft law on the 2021 state budget for second reading.
26 November 2020
Ukrainian President Volodymyr Zelensky has registered in the Verkhovna Rada the bill No. 4429 "On Social Support for Insured Persons and Business Entities for the Period of Restrictive Anti-Epidemic Measures Introduced to Prevent the Spread in Ukraine of the Acute Respiratory Disease COVID-19 Caused by the Coronavirus SARS-Co V-2," according to the website of the Ukrainian parliament.
During a working trip to Dnipropetrovsk region, President Volodymyr Zelensky inspected the construction of a southern bypass road around the city of Dnipro, which is being carried out within the framework of the Great Construction national program.
On November 26, Ukraine’s Ambassador to the State of Qatar Andrii Kuzmenko held a meeting with H.E. Faisal Bin Qassim Al Thani, chairman of Qatari Businessmen Association and owner of the largest private industrial investment holding "Al Faisal Holding".
The Ukrainian Finance Ministry is optimistic about Ukraine's further cooperation with the International Monetary Fund and other strategic partners, according to Finance Minister Serhiy Marchenko.
Flights between Kyiv and Skopje, the capital of North Macedonia, will start performing from December 6, according to the Ukrainian Embassy in the Republic of North Macedonia.
The Energy Ministry has submitted a concept for reforming coal regions to the government for approval.
The total amount of deposits of individuals in banks-participants of the Deposit Guarantee Fund of Ukraine amounted to UAH 575.66 billion as of November 1, 2020, according to the Fund’s press service.
Services worth UAH 238.3 billion were sold in Ukraine in the third quarter of 2020, which is 5.5% less than in the relevant period of 2019, according to the State Statistics Service.
The Finance Ministry of Ukraine has completed discussions with the International Monetary Fund (IMF) on the main parameters of a draft state budget for 2021, which was one of the main prerequisites for starting the first revision of the IMF Stand-by Program, setting up the mission date of the IMF European Department and receiving another tranche.
NJSC Naftogaz of Ukraine, a gas supply company, will not raise the gas price for households in December 2020, according to the company’s press service.
25 November 2020
The Embassy of Ukraine in the Republic of Korea forecasts a 20 percent increase in Ukrainian exports to this country and equalization of the negative trade balance which currently stands at $15 million.
The Cabinet of Ministers has transferred to Naftogaz of Ukraine a section of the sea shelf for the development of oil and gas fields without an auction.
Since the beginning of the state program "Affordable Loans at 5-7-9%", JSC Oschadbank has issued 846 loans for a total sum of UAH 1.23 billion to entrepreneurs, according to the bank’s press service.
Since the beginning of the coronavirus quarantine, almost UAH 14 billion has been paid to persons eligible for unemployment or partial unemployment benefits in Ukraine, according to the Ministry for Development of Economy, Trade and Agriculture.
Ukraine will impose in a week a special duty of 16.08% on imports of steel products from Belarus in response to discriminatory and unfriendly actions by Belarus against Ukrainian steel producers.
UkraineInvest team has presented investment opportunities for Danish companies in Ukraine.
JSC Ukrtransnafta transported 13.2 million tonnes of oil in January-October 2020, which is 4.9% higher compared to the relevant period last year, the company’s press service reports.
On November 24, 2020, the Ukrainian Finance Ministry raised UAH 16.768 billion towards the state budget as a result of auctions on the placement of domestic government bonds, the ministry’s press service wrote on Facebook.
24 November 2020
The Energy Ministry of Ukraine is finalizing a concept of reforming the coal industry to submit the project for government approval.
Ukraine will deepen cooperation within the Organization of the Black Sea Economic Cooperation (BSEC) to ensure the transportation of goods in the Black Sea region, according to Ukrainian Infrastructure Minister Vladyslav Kryklii.
Ukraine’s SkyUp Airlines has announced its intention to launch Kyiv-Berlin-Kyiv flights in the spring of 2021, the airline's press service reports.
The construction of 100 schools has already been completed in Ukraine as part of the Great Construction program.
As of November 23, Ukrainian farmers harvested 60.9 million tonnes of grain and leguminous crops from an area of 14.7 million hectares, or 96% of the forecast, according to the press service of the Ministry for Development of Economy, Trade and Agriculture.
Since the 2020/2021 marketing year (MY) began (July 1-November 23), Ukraine has exported almost 20.2 million tonnes of grain, which is 3.2 million tonnes less compared with the same period last year.
A free trade agreement (FTA) between Ukraine and Israel will take effect from January 1, 2021, Ukrainian President Volodymyr Zelensky has said.
The National Bank of Ukraine (NBU) provided UAH 600 million in refinancing to two banks on November 20, the NBU's press service reported.
The Cabinet of Ministers approved a draft decree of the President of Ukraine on the composition of a Ukrainian delegation to take part in talks with the International Bank for Reconstruction and Development (IBRD) in order to obtain a USD 300 million loan to overcome the consequences of the COVID-19 pandemic, namely to modernize the social support system.
Retail trade turnover of retail trade enterprises in Ukraine grew by 7.3%, to UAH 697.98 billion, in January-October 2020 compared to the relevant period in 2019, according to the data provided by the State Statistics Service.
The International Monetary Fund (IMF) considers that Ukraine's current tax policy has been significantly updated in recent years, but it still needs proper improvement through the introduction of effective instruments.
23 November 2020
As of November 1, 2020, the net profit of Ukrainian banks amounted to UAH 39.828 billion, which is 23.4% less than in the same period last year, according to data provided by the National Bank of Ukraine (NBU).
Ukraine’s SkyUp Airlines has resumed flights from Kyiv to Yerevan (Armenia), which were suspended due to the conflict in Nagorno-Karabakh, the airline's press service reports.
This week, the Ministry of Economic Development, Trade and Agriculture will finalize indicators on the support for industries affected by the coronavirus quarantine restrictions.
Moderate growth in the U.S. dollar exchange rate against the hryvnia is expected this week, according to Vadym Iosub, a senior analyst at Alpari analytical company.
The National Bank of Ukraine (NBU) has joined a sustainable banking network (SBN), which brings together financial regulators and banking associations from developing countries, the Bank’s press service reports on Facebook.
The number of passengers served by Ukrainian transport companies in January-October 2020 decreased by 53.7% (2.2 times) compared with the relevant period in 2019, to 41.8 billion passenger-kilometers, according to the data provided by the State Statistics Service of Ukraine.
21 November 2020
Prime Minister of Ukraine Denys Shmyhal discussed with Director of the European Department at the International Monetary Fund Alfred Kammer the implementation of structural beacons provided for in the IMF-Ukraine Memorandum under the Stand-By Arrangement.
20 November 2020
In the third quarter of 2020, the price index of agricultural products sold by Ukrainian agricultural enterprises amounted to 117.8% compared to January-October last year, the Ukrainian State Statistics Service has reported.
Exports of goods from Ukraine to the European Union shrank by 16.3% in January-September 2020 year-over-year, to $13.06 billion, whereas imports from the EU decreased by 10.5%, to $16.44 billion, Ukraine's State Statistics Service has reported.
As of November 19, Ukraine harvested 78.5 million tonnes of main crops from an area of 23.4 million hectares, including 60.3 million tonnes of grain and leguminous crops from an area of 14.6 million hectares, or 95% of the forecast, according to the Ministry for Development of Economy, Trade and Agriculture.
Deputy Minister for Development of Economy, Trade and Agriculture Oleksandr Romanishyn says that Ukraine should continue to create efficient mechanisms for the protection of intellectual property.
Apart from the anti-crisis support provided during the coronavirus pandemic, the Ukrainian government is also focused on strategic steps to improve the business climate in the country.
19 November 2020
The consolidated state budget for 2021 projects about UAH 27 billion to finance culture development.
On November 19, Prime Minister of Ukraine Denys Shmyhal held an online meeting with Executive Vice President of the European Commission Valdis Dombrovskis.
Ukrainian President Volodymyr Zelensky has said that the world's creative economy has never been as timely as it is now due to the COVID-19 pandemic, and it should become a priority for Ukraine's strategic development.
As part of the project "Eastern Ukraine: Reunification, Restoration and Revival (Project 3B)", Ukraine will obtain a USD 65 million loan from the International Bank for Reconstruction and Development (IBRD) and a EUR 100 million loan from the European Investment Bank (EIB), according to the Ukrainian Infrastructure Ministry.
The Embassy of Ukraine, in cooperation with the Exporters and Investors Council under the Ministry of Foreign Affairs of Ukraine as well as Ukrainian and Kuwaiti Chambers of Commerce and Industry, held an online briefing entitled “The economic potential of Ukrainian-Kuwaiti cooperation".
Deputy Prime Minister - Minister of Digital Transformation Mykhailo Fedorov proposes that grants for startups and products related to the creative industry be included on the list of grants provided through the Ukrainian Startup Fund.
Ukraine’s creative industry has lost $3 billion, accounting for 2% of GDP, due to the coronavirus epidemic and the introduced quarantine measures in the country.
Raiffeisen Bank Aval has joined the BankID remote identification system of the National Bank of Ukraine (NBU), the central bank’s press service has written on Facebook.
The net profit of JSB Ukrgasbank for January-October 2020 rose to UAH 725 million, which is 26% more than in the same period last year, the bank’s press service reports.
The online exhibition, launched with the support of international partners, brings together 170 entrepreneurs from all across eastern Ukraine to help them expand businesses and establish partnerships
The Cabinet of Ministers has approved a list of priority investment projects for the state until 2023, the press service of the Ministry for Development of Economy, Trade and Agriculture reports.