Transit is only optimal utilization of Ukrainian GTS
Ukraine’s gas transmission system was built for gas transmission, and transit is currently the only way to use it optimally.
Economy
Foreign Ministry promotes deepening of business ties between Ukraine and Brazil
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.
Finance Ministry expects 2021 state budget to be approved by mid-December
The Finance Ministry of Ukraine expects that the state budget for 2021 will be approved by mid-December.
EBA launches education program for small businesses
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.
Zelensky proposes allocating money from COVID-19 fund to support businesses
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.
Government revised budget deficit for 2021 - PM Shmyhal
Ukraine's draft state budget for 2021 envisages a reduction in the budget deficit from 6% to 5.5%.
Cabinet of Ministers approves 2021 draft state budget for second reading
The Cabinet of Ministers has approved a draft law on the 2021 state budget for second reading.
26 November 2020
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.
Zelensky inspects facilities included in Great Construction program in Dnipropetrovsk region
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.
Qatari Businessmen Association ready for cooperation with Ukrainian counterparts
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".
Ukrainian Finance Ministry optimistic about further cooperation with IMF
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.
Kyiv-Skopje flights to be launched from Dec. 6 – embassy
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.
Energy Ministry: Concept for reforming coal regions submitted to government
The Energy Ministry has submitted a concept for reforming coal regions to the government for approval.
Deposits of individuals in Deposit Guarantee Fund’s banks grew by UAH 7.67B in October
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.
Sales of services in Ukraine decreased by 5.5% in Q3 2020
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.
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.
Naftogaz: Gas price for population in December to remain the same
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
Ukrainian diplomats forecast 20 percent increase in exports to South Korea
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.
Government allows Naftogaz to develop sea shelf
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.
Oschadbank provides more than UAH 1.2B under ‘Affordable Loans’ program
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.
Almost UAH 14B of unemployment benefits paid during quarantine in Ukraine
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 to impose 16.08% duty on imports of steel products from Belarus
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 presents investment opportunities for Danish companies in Ukraine
UkraineInvest team has presented investment opportunities for Danish companies in Ukraine.
Ukrtransnafta increased oil transportation in January-October 2020
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.
Finance Ministry attracts UAH 16.8B to state budget from government bonds’ sale
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
Energy Ministry finalizing concept of reforming coal industry
The Energy Ministry of Ukraine is finalizing a concept of reforming the coal industry to submit the project for government approval.
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.
SkyUp Airlines announces flights to Berlin
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.
Great Construction program: 100 schools already built in Ukraine
The construction of 100 schools has already been completed in Ukraine as part of the Great Construction program.
Ukrainian farmers harvest grain and leguminous crops from 96% of planted area
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.
Ukraine exported over 20M tonnes of grain in 2020/2021 MY
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.
FTA between Ukraine and Israel to come into effect on Jan. 1 – Zelensky
A free trade agreement (FTA) between Ukraine and Israel will take effect from January 1, 2021, Ukrainian President Volodymyr Zelensky has said.
NBU provides refinancing to two banks
The National Bank of Ukraine (NBU) provided UAH 600 million in refinancing to two banks on November 20, the NBU's press service reported.
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.
Ukraine’s retail trade turnover grows 7.3% - State Statistics Service
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.
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
Ukrainian banks receive almost UAH 40B of net profit since year-start – NBU
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).
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.
PM Shmyhal: Measures to support business during quarantine to be finalized this week
This week, the Ministry of Economic Development, Trade and Agriculture will finalize indicators on the support for industries affected by the coronavirus quarantine restrictions.
Alpari analyst: Moderate growth in U.S. dollar exchange rate expected this week
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.
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
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
Stand-By Arrangement: Shmyhal, Kammer discuss implementation of structural beacons
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
Ukraine’s agricultural price index totaled 117.8% in Q3 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 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
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.
Ukraine should continue work on protection of intellectual property - Romanishyn
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.
PM Shmyhal announces Ukraine's steps to enter TOP-30 in Doing Business ranking
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
Finance Ministry: Draft budget for 2021 projects 27 billion for culture development
The consolidated state budget for 2021 projects about UAH 27 billion to finance culture development.
Shmyhal, Dombrovskis discuss trade and economic cooperation between Ukraine and EU
On November 19, Prime Minister of Ukraine Denys Shmyhal held an online meeting with Executive Vice President of the European Commission Valdis Dombrovskis.
Creative economy should be priority for Ukraine's strategic development - Zelensky
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.
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.
Economic potential of Ukrainian-Kuwaiti cooperation discussed at online briefing
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".
Fedorov: Startup Fund should provide grants for creative industry as well
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.
Tkachenko: Ukraine’s creative industry has lost $3 B and 300,000 jobs due to quarantine
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 joins NBU's BankID system
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.
Ukrgasbank’s profit grows to UAH 725M since year-start
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.
Digital Transformation Ministry, UNDP launch East Expo 2020 online business exhibition
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
Government approves list of priority investment projects for the state – Economy Ministry
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.