NBU withdraws 25-kopeck coins from circulation on October 1
The National Bank of Ukraine (NBU) will remove coins with the value of 25 kopecks from circulation on October 1, 2020.
Economy
EIB to provide EUR 12M loan to Lviv for trams
The European Investment Bank (EIB) will grant a EUR 12 million loan to the city of Lviv for the purchase of new trams under the Ukraine Urban Public Transport Project, the Ukrainian Infrastructure Ministry has reported.
Ukraine imports almost 13 bcm of gas this year
Gas Transmission System Operator (TSO) of Ukraine LLC transported 12.5 billion cubic meters of gas from Europe to Ukraine at the request of its customers between January-August 2020, which is 30% (2.9 billion cubic meters) more than in the same period last year and 63% higher than the average volume in 2016-2019, the company’s press service reports.
NBU’s assets grew by 13% in H1 2020
In January-July 2020, assets of the National Bank of Ukraine (NBU) increased by 13% compared to the consolidated balance sheet data as of December 31, 2019, and reached UAH 1.199 trillion, according to the central bank’s press service.
Zelensky inspects reconstruction of roads in Kharkiv region
Ukrainian President Volodymyr Zelensky has inspected from a helicopter the reconstruction of state and local roads in the Kharkiv region, which is carried out as part of the Big Construction program, the presidential press service has reported.
Czech Republic opens new air route to Ukraine – ambassador
The Hungarian low-cost airline Wizz Air has launched a new flight on the Pardubice-Lviv and Pardubice-Kyiv routes.
Deficit of Ukraine's balance of payments in July reached $88 mln - NBU
In July 2020, the deficit of Ukraine's balance of payments reached $88 million, according to data provided by the National Bank of Ukraine (NBU).
Ukraine, Turkey planning to restart talks on FTA – Petrashko
Ukraine and Turkey are planning to restart protracted negotiations and find a mutually beneficial solution to a free trade area.
01 September 2020
President promises to ensure operation of all airports ‘that Ukraine needs’ in 2-3 years
Airports will be added to the Great Construction program from 2021 and in two or three years it will be possible to reconstruct all the airfields that Ukraine needs, President Volodymyr Zelensky says.
Over 300 km of roads to be built, reconstructed in Poltava region this year – Zelensky
Some 235 kilometers of state roads and a hundred kilometers of local roads will be reconstructed and built in Ukraine's Poltava region this year, according to President Volodymyr Zelensky.
Oleksandr Los, President of Antonov Company
New An-178 is a real aviation SUV
Finance Ministry: UAH 5.4B spent on goods to fight spread of COVID-19
As of August 27, 2020, UAH 5.36 billion was spent on the purchase of goods and services under the simplified procedure to combat the spread of COVID-19, according to the Finance Ministry.
UkrAutoProm: New car sales in Ukraine decreased by 16% in August 2020
In August 2020, Ukrainians purchased and registered 7 thousand new cars, which is 16% less than in August 2019, according to the Ukrainian Motor Vehicle Manufacturers Association, UkrAutoProm.
Ukrainian farmers already gathered over 41 mln tonnes of main crops
Ukrainian farmers have already harvested 41.2 million tonnes of main crops from an area of 10.94 million hectares, the Ministry for Development of Economy, Trade and Agriculture reports.
31 August 2020
NBU provides refinancing to three banks for UAH 930 mln
The National Bank of Ukraine (NBU) provided UAH 930 million in refinancing to three banks on August 28, the NBU's press service reported.
Ukraine among world’s top three potato producing countries
In 2019, the global potato production totaled 371 million tonnes, which is 2.1% more than the same period last season, according to agronews.ua.
Macroeconomic situation in Ukraine remains stable - Danylyshyn
The macroeconomic situation in Ukraine remains stable but indicates that there are risks of the rooting of negative trends in economic development, which have been observed over the past year, Chairman of the Council of the National Bank of Ukraine (NBU) Bohdan Danylyshyn has said on his Facebook page.
Turkish business investments in Ukraine reach USD 3.6B
Turkish businessmen have invested USD 3.6 billion in Ukrainian economy. According to this indicator, Turkey is in the top three players in the domestic market in at least 10 sectors of the economy.
International partners to help transform coal regions – Shmyhal
Ukrainian Prime Minister Denys Shmyhal has said that the coal industry is the basis of the economy of many industries: energy, metallurgy and chemical industry, and also has significant social importance for single-industry cities, of which there are more than 60 in Ukraine.
President Zelensky signs law to raise minimum wage in Ukraine
President of Ukraine Volodymyr Zelensky signed a law on raising the minimum wage in Ukraine, which was earlier approved by the Verkhovna Rada at an extraordinary meeting on August 25, 2020, according to the president’s website.
29 August 2020
Zelensky, von der Leyen discuss EU macro-financial assistance to Ukraine
President of Ukraine Volodymyr Zelensky and President of the European Commission Ursula von der Leyen discussed preparations for the 22nd Ukraine-EU Summit to be held on October 1 and the prospects for economic integration.
28 August 2020
Cabinet of Ministers expects to receive second tranche from IMF by year-end – source
The Cabinet of Ministers of Ukraine expects to receive the second tranche from the International Monetary Fund (IMF) by the end of 2020.
Ukraine, Poland sign declaration on exchange of tax information
The finance ministers of Ukraine and Poland, Serhiy Marchenko and Tadeusz Kościński, signed a joint declaration on bilateral cooperation in the exchange of tax information, in particular in terms of VAT administration, as well as in cross-border economic cooperation.
Ukrainian president meets with business representatives of Cherkasy region
Ukrainian President Volodymyr Zelensky has met with business representatives of the Cherkasy region as part of his visit to the region, the presidential press service has reported.
Economy Ministry intends to increase state support for farmers
The Ministry for Development of Economy, Trade and Agriculture is planning to increase state support for farmers in Ukraine in 2021.
Ukraine, Poland sign declaration on exchange of tax information
The finance ministers of Ukraine and Poland, Serhiy Marchenko and Tadeusz Kościński, signed a joint declaration on bilateral cooperation in the exchange of tax information, in particular in terms of VAT administration, as well as in cross-border economic cooperation.
Naftogaz establishes Expert Council to develop strategy to increase hydrocarbon reserves
The Exploration and Production division of NJSC Naftogaz of Ukraine has established an Expert Council that will develop a strategy to increase hydrocarbon reserves in Ukraine, according to the press service of Ukrgasvydobuvannya.
Zelensky: Ukraine to invest more than UAH 80 bln in road and bridge repairs
President Volodymyr Zelensky has stated that more than UAH 80 billion will be invested in the repairs, construction and reconstruction of infrastructure facilities in Ukraine this year.
NBU will continue flexible exchange rate policy - Shevchenko
The National Bank of Ukraine (NBU) will continue its consistent monetary and flexible exchange rate policies, NBU Governor Kyrylo Shevchenko has said.
President meets with entrepreneurs of Kirovohrad region
During a working trip to Kirovohrad region on August 27, President of Ukraine Volodymyr Zelensky met with local business representatives and discussed urgent issues with them.
Ukraine, China discuss trade and economic partnership
Ukraine and China have agreed to continue increasing trade in goods and services, exploring ways to liberalize trade, and identifying joint projects in the fields of agribusiness, infrastructure, energy, and energy conservation, the press service of the Ministry of Economic Development, Trade and Agriculture of Ukraine has reported.
27 August 2020
PM Shmyhal informs business representatives about Government's European integration initiatives
Prime Minister of Ukraine Denys Shmyhal has emphasized that five European integration initiatives will help to implement the best European practices in Ukraine.
Kyiv, Ankara interested in joint space projects - Urusky
Ukraine and Turkey should start implementing bilateral projects, including space ones, as soon as possible, Ukraine's Deputy Prime Minister and Minister for Strategic Industries Oleh Urusky has said.
Zelensky outlines strengths of Kirovohrad region: IT, transport, land, food industry
Kirovohrad region has a strong potential and should develop the transport sector, food industry, mechanical engineering, instrument engineering, IT, as well as land resources.
Zelensky outlines strengths of Kirovohrad region: IT, transport, land, food industry
Kirovohrad region has a strong potential and should develop the transport sector, food industry, mechanical engineering, instrument engineering, IT, as well as land resources.
Ukraine, Kenya agree to intensify trade and investment cooperation
The foreign ministers of Ukraine and the Republic of Kenya, Dmytro Kuleba and Raychelle Omamo, agreed to intensify trade and investment cooperation between the countries.
Germany counts on progress in NBU's cooperation with IMF, Deutsche Bundesbank - embassy
Germany emphasizes the importance of the independence of the National Bank of Ukraine (NBU) and hopes for progress in the NBU's cooperation with Deutsche Bundesbank and the International Monetary Fund (IMF).
Ukraine, Germany sign energy partnership statement
Ukraine and Germany have signed the "Joint Statement on Launch of Energy Partnership."
Ukraine interested in capabilities of Turkish defense industry – Urusky
Ukraine and Turkey have significant potential for stepping up cooperation in the defense industry, primarily in the field of aircraft engine construction and the aviation industry in general, Ukraine's Deputy Prime Minister and Minister for Strategic Industries Oleh Urusky has told Ukrinform.
26 August 2020
Almost 250 km of roads to be repaired in Dnipropetrovsk region this year
This year, 248 km of roads of national importance will be repaired and built in Dnipropetrovsk region within the framework of the Great Construction national program.
Zelensky: We admire Elon Musk but forget about our Pivdenmash
President of Ukraine Volodymyr Zelensky dreams of making Dnipropetrovsk region the space heart and brain of Europe.
Ukrainian government appoints Zhmak head of Ukrzaliznytsia
The Cabinet of Ministers of Ukraine has appointed Volodymyr Zhmak as chairman of JSC Ukrzaliznytsia.
Zelensky: We admire Elon Musk but forget about our Pivdenmash
President of Ukraine Volodymyr Zelensky dreams of making Dnipropetrovsk region the space heart and brain of Europe.
Ukraine’s industrial production grows by 1.4%
In July 2020, Ukraine’s industrial production increased by 1.4% compared to the previous month but fell by 4.4% compared to July 2019.
25 August 2020
Danylyshyn doubts Ukraine can get two tranches from IMF this year
Chairman of the Board of the National Bank of Ukraine (NBU) Bohdan Danylyshyn has said that the receipt of two tranches from the International Monetary Fund in 2020 is unrealistic and called for a revision of the conceptual framework for cooperation with the IMF.
Ukraine to receive EUR 600 mln of first tranche of EU aid – PM
The ratification by the Verkhovna Rada of the memorandum of understanding between Ukraine and the European Union and the loan agreement on the provision of EUR 1.2 billion of macro-financial assistance to our country from the EU will allow the country to receive the first tranche worth EUR 600 million in the near future.
Strengthening corporate governance in state-owned banks is NBU’s priority – Shevchenko
Governor of the National Bank of Ukraine (NBU) Kyrylo Shevchenko and U.S. Charge d'Affaires a.i. in Ukraine Kristina Kvien discussed reforming corporate governance in state-owned banks, continuing cooperation with international partners, in particular the IMF, as well as strengthening cooperation between Ukraine and the U.S.
Parliament ratifies memorandum and loan agreement on EU’s macro-financial assistance
The Verkhovna Rada of Ukraine has passed a law on ratification of the Memorandum of Understanding between Ukraine and the European Union and the Loan Agreement between Ukraine and the EU on the provision of EUR 1.2 billion macro-financial assistance from the European Union.
Ukraine ratifies EUR 450M road development agreement with EIB
The Verkhovna Rada, Ukraine's parliament, has adopted the law "On the Ratification of the Financial Agreement 'European Roads Ukraine III (Trans-European Transport Network Development Project) between Ukraine and the European Investment Bank'."
Shmyhal, Maas discuss economic forum in Berlin
Ukrainian Prime Minister Denys Shmyhal and German Federal Foreign Minister Heiko Maas discussed energy cooperation, the Common Aviation Area (ECAA) Agreement between Ukraine and the EU, and the holding of the fourth Ukrainian-German Economic Forum in Berlin.
22 August 2020
IMF intends to continue cooperation with Ukraine
IMF Resident Representative in Ukraine Goesta Ljungman has stated that the Fund intends to continue cooperation with Ukraine under the Stand-by Arrangement, Hromadske reports.
21 August 2020
President supports construction of bypass road in Mykolaiv city
President of Ukraine Volodymyr Zelensky supported the initiative for construction of a bypass road in Vitovsky district and Korabelny district of Mykolaiv city.
French company acquires agricultural enterprises in Chernihiv and Zhytomyr regions
The Antimonopoly Committee of Ukraine (AMCU) has granted permission to the French company SAS Investcompagnie to acquire agricultural enterprises in Chernihiv and Zhytomyr regions.
Zelensky: About 200 km of roads to be built in Mykolaiv region this year
President of Ukraine Volodymyr Zelensky, who is on a working trip to Mykolaiv region, got acquainted with the completion of the overhaul of the state road H-14 Oleksandrivka - Kropyvnytskyi - Mykolaiv, restored within the framework of the Great Construction national program.
Ukraine’s economy to resume growth in 2021 – NBU
In 2021, Ukraine’s economy will resume growth, while inflation will remain moderate.
Ukraine will continue to implement initiatives for protection and sustainable use of Dniester River basin
Minister of Environmental Protection and Natural Resources of Ukraine Roman Abramovsky and Ambassador Extraordinary and Plenipotentiary of Moldova to Ukraine Ruslan Bolbocean discussed the current situation in the Dniester River basin and the preparation for the 3d meeting of the Dniester Commission.
There is no hole in budget, Prime Minister Shmyhal assures
Ukraine’s budget deficit is currently about UAH 300 billion, but the figure is moderate and absolutely feasible for the budget, there is no cash gap.
Shmyhal says new Ukrzaliznytsia head will be appointed next week
The Cabinet of Ministers plans to appoint a new Ukrzaliznytsia chairman next week, Ukrainian Prime Minister Denys Shmyhal has said in an interview with Ukrinform.
Over UAH 24B already allocated to fight COVID-19 – Ukrainian Finance Ministry
UAH 24.4 billion worth of budget funds have already been allocated to prevent the spread of coronavirus disease, Ukraine's Deputy Finance Minister Roman Yermolychev has said.