‘Affordable Mortgage at 7%’: First loans under new program to be issued today
The first loans under the new government program "Affordable Mortgage at 7%” will be provided today, March 1.
Economy
Ukrainian miners produced 2.56M tonnes of coal in February
In February 2021, Ukrainian mining enterprises produced 2,555,628 tonnes of coal, which is 19% higher than the production plan, the Coal Miners Union of Ukraine reported with a reference to the Energy Ministry.
Senik meets with Qatari partners to discuss Olvia Port concession
During a working visit to Qatar, Deputy Foreign Minister of Ukraine Dmytro Senik met with the management of the Qatari company QTerminals to discuss the implementation of the concession agreement for Olvia Sea Port in the Ukrainian city of Mykolaiv.
Markarova: Ukraine can offer U.S. business interesting prospects
Ukraine can offer U.S. business interesting prospects of investing in IT sector, high technology in agriculture, medicine, military and defense sector.
Pensions will grow by 11% from March 1 – PM Shmyhal
From Monday, March 1, 2021, pensions for eight million citizens of Ukraine will grow by 11%, according to Prime Minister Denys Shmyhal.
Fitch forecasts Ukraine’s GDP will grow by 4.1% in 2021
International rating agency Fitch Ratings forecasts that Ukraine’s GDP will grow by 4.1% in 2021.
26 February 2021
UIA to launch flights to Cappadocia from March
On March 25, Ukraine International Airlines (UIA) will launch direct flights to Nevsehir for those wishing to travel to Cappadocia (Turkey).
Plant for titanium goods production based on Velta Holding technology to be built in UAE
A plant for titanium goods production based on the innovative technology of the Velta Holding US Inc., which owns a titanium ore mining and processing complex in Ukraine, will be built in the United Arab Emirates (UAE).
Ambassador: Conclusion of free trade agreement to double Ukraine-Turkey trade
This year should be decisive for the finalization of the free trade agreement between Ukraine and Turkey. Once it is signed, it will be easy to double trade turnover up to $10 billion.
U.S. business community welcomes appointment of Markarova as Ukraine’s ambassador
The American business community welcomes the appointment of Oksana Markarova as Ukraine's Ambassador to the United States, Morgan Williams, President and CEO of the U.S.-Ukraine Business Council (USUB), has said.
Government outlines main vectors for development of SMEs in Ukraine
As part of the preparation of Ukraine’s National Economic Strategy until 2030, the Government has unveiled the main vectors for the development of small and medium-sized businesses in Ukraine.
Ukraine interested in joint projects with U.S. business in maritime sector - Kryklii
Ukraine is interested in implementing promising investment projects in the maritime sector in cooperation with American business.
25 February 2021
SkyUp launches Odesa-Zaporizhzhia flights in May
The Ukrainian low-cost carrier SkyUp launches Odesa-Zaporizhzhia flights in late May, according to the company’s press service.
Yenin, Chinese ambassador discuss increase in bilateral trade
Deputy Foreign Minister of Ukraine Yevhen Yenin met with Ambassador of the People's Republic of China to Ukraine Fan Xianrong to discuss an increase in trade between the two countries, the Ukrainian Foreign Ministry's press service has reported.
Ukravtodor, tourism agency to develop mountain resorts with Ukrainian businesses
The State Agency for Tourism Development, Ukravtodor and Ukrainian companies Bukovel, OKKO-Holding and Borzhava Eset have signed a memorandum of cooperation on the development of mountain resort infrastructure.
Capital investment in Ukraine's economy down 28% in 2020
In 2020, UAH 419.84 billion of capital investment was attracted to the economy of Ukraine, which is down 28.2% from 2019, according to the State Statistics Service.
Government increases amount of financial assistance for small businesses
The Cabinet of Ministers has approved amendments to the Procedure for providing state financial support to small and medium-sized enterprises (SMEs) during the restrictive measures introduced in Ukraine to prevent the spread of COVID-19.
Zelensky, Duda coordinate steps to stop Nord Stream 2
President of Ukraine Volodymyr Zelensky and President of the Republic of Poland Andrzej Duda have coordinated steps to prevent the completion of the Nord Stream 2 gas pipeline.
24 February 2021
Shmyhal, Landsbergis discuss strengthening of trade and economic cooperation
Ukraine and Lithuania have great prospects for the development of trade and economic relations, Prime Minister of Ukraine Denys Shmyhal has said.
Healthy eating trend: Ukraine’s avocado imports up 28% over past year
Ukrainian Agribusiness Club (UCAB) Analyst Svitlana Lytvyn believes that the main reason for the growth in demand for avocado is the trend of healthy eating, Ukrinform reports with reference to the UCAB press service.
Ukraine, Greece discuss common interests in space exploration and use
Representatives of the space industries of Ukraine and Greece have discussed common interests in the field of space exploration and use during a video conference.
EIB has invested almost €8 B in Ukraine since 2007
The European Investment Bank (EIB) has invested almost EUR 8 billion in Ukraine since 2007, including more than EUR 1 billion last year.
Naftogaz sets gas price for population for March
NJSC Naftogaz of Ukraine has set the March gas price for population at the level of UAH 6.86 per cubic meter (including VAT, excluding transportation costs), according to the company’s press service.
Great Construction project to increase Ukraine's GDP by 2.2% in 5 years
According to experts of the Kyiv School of Economics (KSE), the implementation of the presidential Great Construction project will increase Ukraine's GDP by 2.2% in the next five years.
Melnyk replaces heads of State Fiscal Service’s offices in 10 regions
Head of the State Fiscal Service of Ukraine Vadym Melnyk has replaced the heads of regional offices in 10 regions.
Finance Ministry raises UAH 10.5B to state budget from government bonds’ sale
On February 23, 2021, the Ukrainian Finance Ministry raised UAH 10.5 billion towards the state budget as a result of auctions on the placement of domestic government bonds, according to a report posted on the ministry’s website.
23 February 2021
Ukraine gets opportunity to export eggs to Ethiopia – State Service for Food Safety
The competent agencies of Ukraine and Ethiopia have agreed on health certificates for the export of edible eggs, which allows Ukrainian producers to export their products to Ethiopia, the press service of the State Service of Ukraine for Food Safety and Consumer Protection reports.
UAE’s company offers Ukraine cooperation in customs reform
Representatives of the UAE’s company DT World, which belongs to one the world's largest port operators DP World and specializes in trade facilitation solutions and services using the latest technologies, offer Ukraine cooperation in reforming, modernizing Ukrainian customs, simplifying, accelerating and improving its work.
Zelensky appoints new head of National Securities and Stock Market Commission
Ukrainian President Volodymyr Zelensky has appointed Ruslan Mahomedov chairman of the National Securities and Stock Market Commission.
Ukravtodor to cooperate with EBRD in combating corruption - Kubrakov
Over 30 specialists of the European Bank for Reconstruction and Development (EBRD) will be involved in the activities of Ukravtodor at the level of consultations in 2021 - from the procurement stage to the commissioning of roads, Ukravtodor Chairman Oleksandr Kubrakov has said.
Indexation of pensions: payments to grow by 11% from March
The Cabinet of Ministers has decided to index pension payments by 11% from March 1, the Social Policy Ministry of Ukraine reports.
Ukraine’s retail trade turnover grows by almost 5% in Jan 2021
In January 2021, retail trade turnover of retail trade enterprises in Ukraine grew by 4.9% (in comparative prices) to UAH 71.91 billion compared to the relevant month last year, according to the data provided by the State Statistics Service.
Ukrposhta intends to digitize its services in 2021
Ukraine’s national postal operator Ukrposhta is planning to digitize its services in 2021, Infrastructure Minister Vladyslav Kryklii has said.
Ukravtodor planning to rehabilitate 20% of main road network in 2021
Ukraine’s State Agency of Automobile Roads (Ukravtodor) intends to rehabilitate 20% of Ukraine's main road network as part of the Great Construction project in 2021.
EBRD allocates EUR 50M to Kyiv to purchase metro cars - Klitschko
The Kyiv City Council at its meeting on Friday will approve a decision on local guarantees to the European Bank for Reconstruction and Development (EBRD) to allow conclusion of an agreement on financing purchase of metro cars for the city, Kyiv Mayor Vitali Klitschko has said.
Ukrgasvydobuvannya transfers UAH 116M of rent payments to local budgets
JSC Ukrgasvydobuvannya transferred UAH 115.9 million of rent payments to local budgets in January 2021, according to the company’s press service.
Urusky meets representatives of UAE, Jordan, Brazil at IDEX 2021 exhibition
Ukraine's Deputy Prime Minister and Minister for Strategic Industries Oleh Urusky has held a number of important meetings as part of the IDEX 2021 international defense exhibition, which are aimed at expanding Ukraine's cooperation with the UAE, Jordan and Brazil.
IDEX 2021: Ukraine signs contract with Pakistan for $85.6M
Within the framework of the International Arms Exhibition and Conference (IDEX 2021), Ukraine’s Ukrspecexport and Pakistan signed a contract for the repairs of T-80UD MBTs for a total of $85.6 million.
Zelensky signs law on reducing VAT on imports of certain agricultural products
President of Ukraine Volodymyr Zelensky has signed a law on reducing the VAT rate for certain types of agricultural products, according to the president’s press service.
Mortgage lending grew by 11.5% in 2020 – NBU Governor
Mortgage lending in Ukraine grew by 11.5% in 2020 compared to 2019, whereas the mortgage rate decreased by 6 percentage points, according to Governor of the National Bank of Ukraine (NBU) Kyrylo Shevchenko.
22 February 2021
Ukraine continues cooperation with IMF - Zelensky
Ukraine continues cooperation with the International Monetary Fund (IMF), but the country should make a number of decisions to receive the next tranche, including at the legislative level, which takes some time, according to President Volodymyr Zelensky.
President: Program for development of regional airports to cover 16 cities
The program for reconstruction and construction of regional airports in Ukraine will cover a total of 16 cities.
Finance Ministry represents digital transformation projects for Public catalog
The Finance Ministry of Ukraine has represented digital transformation projects for the Public catalog, namely: state budget planning and monitoring (e-budget), financial resources management (e-liquidity) and interbudgetary relations and local budgets (e-local budgets), the ministry’s press service reports.
Finance Ministry represents digital transformation projects for Public catalog
The Finance Ministry of Ukraine has represented digital transformation projects for the Public catalog, namely: state budget planning and monitoring (e-budget), financial resources management (e-liquidity) and interbudgetary relations and local budgets (e-local budgets), the ministry’s press service reports.
Large marina and new port to be built in Odesa - Zelensky
A large marina and a new port for business development and transportation will be built in the city of Odesa, President Volodymyr Zelensky has said.
NBU provides refinancing to five banks for UAH 660M
The National Bank of Ukraine (NBU) provided a total of UAH 660 million in refinancing to five banks, the central bank’s press service reported.
Zelensky: ‘Affordable Mortgage’ program will be simplified every month
The government program “Affordable Mortgage”, which will ease access to a mortgage and offer a rate of up to 7%, will be simplified on a monthly basis.
Ukrainian-American rocket Antares launches cargo load to ISS
The two-stage Antares rocket, developed with the participation of the Ukrainian side, has successfully launched the Cygnus cargo spacecraft into orbit, the State Space Agency of Ukraine reported on Facebook on February 20.
Ukrainian-American rocket Antares launches cargo load to ISS
The two-stage Antares rocket, developed with the participation of the Ukrainian side, has successfully launched the Cygnus cargo spacecraft into orbit, the State Space Agency of Ukraine reported on Facebook on February 20.
Zelensky: Negotiations on railway rolling stock manufacturing with foreign investor underway
Ukraine is negotiating to attract a foreign investor for manufacturing rolling stock for Ukrainian railways.
Zelensky: Construction of new Kyiv bypass road will begin this year
The construction of a new bypass road around Kyiv with a length of 150 km will begin this year.
19 February 2021
EU remains main trading partner of Ukraine – PM Shmyhal
The European Union is Ukraine's main trading partner; the share of trade in goods and services with the EU totals 41% of Ukraine's foreign trade, Prime Minister Denys Shmyhal has said.
PM Shmyhal, international partners discuss draft memorandum on creation of financial capital market
The Prime Minister of Ukraine Denys Shmyhal discussed with government officials and international partners a draft memorandum on the creation of a financial capital market in Ukraine.
EIB ready to allocate EUR 700M to Ukraine to support SMEs - Shmyhal
The European Investment Bank (EIB) is ready to allocate 700 million euros to Ukraine for the development of small and medium-sized businesses, Prime Minister of Ukraine Denys Shmyhal has said.
Ukraine-Turkey trade remained at pre-pandemic levels - ambassador
Trade between Ukraine and Turkey in 2020, despite pandemic restrictions and slowdowns, has remained at pre-pandemic levels and amounted to about $5 billion, Ukraine's Ambassador to Turkey Andrii Sybiha has said.
Shmyhal expects UkraineInvest to help improve investment climate in Ukraine
Prime Minister Denys Shmyhal held a meeting with Executive Director of the Investment Promotion Office (UkraineInvest) Serhiy Tsivkach to discuss the attraction of investments in the Ukrainian economy.
18 February 2021
Ukraine presents over 20 companies at BIOFACH organic food fair
Ukraine has participated in the 32nd international organic food fair BIOFACH 2021, which is held online on February 17-19, 2021, and presented the Organic Ukraine Business Hub national pavilion which brought together more than 20 domestic companies.
Government's priority tasks for 2021 include completion of land reform and Great Privatization – PM
Ukrainian Prime Minister Denys Shmyhal says that among the Government's priority tasks for 2021 are the completion of a land reform and the Great Privatization.
Government appoints Bolokhovets as head of State Forest Resources Agency
The Cabinet of Ministers has appointed Yuriy Bolokhovets as Head of the State Forest Resources Agency of Ukraine.