Economy

26 November 2020

Zelensky tables bill to support businesses during lockdown

Zelensky tables bill to support businesses during lockdown

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.

Finance Ministry completes discussions with IMF on draft 2021 budget

Finance Ministry completes discussions with IMF on draft 2021 budget

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.

25 November 2020

24 November 2020

Ukraine to deepen cooperation with BSEC - Kryklii

Ukraine to deepen cooperation with BSEC - Kryklii

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.

Govt plans to raise USD 300M to modernize social support system

Govt plans to raise USD 300M to modernize social support system

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.

IMF evaluates tax policy in Ukraine

IMF evaluates tax policy in Ukraine

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

SkyUp resumes flights to Yerevan

SkyUp resumes flights to Yerevan

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.

NBU joins sustainable banking network

NBU joins sustainable banking network

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.

Passenger traffic in Ukraine decreased by 2.2 times

Passenger traffic in Ukraine decreased by 2.2 times

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

20 November 2020

Exports of goods from Ukraine to EU down 16% in nine months

Exports of goods from Ukraine to EU down 16% in nine months

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.

Ukrainian farmers gathered grain crops from 95% of projected area

Ukrainian farmers gathered grain crops from 95% of projected area

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.

19 November 2020

Ukraine to obtain loans from IBRD, EIB for road repair in Luhansk region

Ukraine to obtain loans from IBRD, EIB for road repair in Luhansk region

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.

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