Govt to present business support program in coming days
Ukrainian President Volodymyr Zelensky has instructed the government to develop a comprehensive program of measures to support small and medium-sized businesses during a lockdown.
Economy
Ukraine wants to purchase coronavirus vaccine using funds from project with EIB
Prime Minister of Ukraine Denys Shmyhal and Vice-President of the European Investment Bank (EIB) Teresa Czerwińska during a meeting discussed the financing of joint investment projects and the expansion of cooperation through new programs.
Zelensky waiting for arrival of IMF mission, next tranche
Ukrainian President Volodymyr Zelensky has said he expects the arrival of a mission from the International Monetary Fund (IMF) in Kyiv and the granting of the next tranche to Ukraine.
18 November 2020
Ukraine, Qatar agree to promote amber culture
Representatives of Ukraine and Qatar signed a memorandum of understanding between the Ukrainian Amber World Association and Katara Cultural Village in Doha.
Poland should stop restricting transit for Ukrainian carriers – Kryklii
Poland should stop restricting transit for Ukrainian carriers, as this negatively affects trade relations with EU countries.
Foreign Ministry working to increase trade between Ukraine and Uzbekistan
The Ministry of Foreign Affairs of Ukraine hosted negotiations between Uzbek Republican Commodity Exchange (UzEX) delegation and Ukrainian agricultural producers of sugar, sunflower oil, flour, grain, meat and other goods in order to discuss supplies to the Republic of Uzbekistan.
Government appoints Riabikin head of State Customs Service
The Cabinet of Ministers has appointed Pavlo Riabikin, former director general of Boryspil International Airport, as head of the State Customs Service of Ukraine, according to Vasyl Mokan, the government's representative in the Verkhovna Rada and a Servant of the People MP.
SkyUp to perform non-scheduled flight to Serbia on Nov. 24
Ukraine’s SkyUp Airlines will operate one non-scheduled flight on the Kyiv-Belgrade route on November 24, the airline's press service reports.
Digital Transformation Ministry initiates reform of State Special Service of Communications
The Ministry of Digital Transformation is initiating the reform of the State Special Service of Communications and Information Protection of Ukraine.
Infrastructure Ministry planning to improve railway safety management system
The draft resolution on approving new regulations on railway safety management system has been published on the website of the Infrastructure Ministry of Ukraine.
UIA to resume flights to Armenia from December 4
Ukraine International Airlines (UIA) will start operating flights to Yerevan (Armenia) on December 4, 2020, the company’s press service reports.
Energy Ministry: UAH 1.4B to be allocated to pay off salaries to miners
The state budget provides UAH 1.4 billion for the payment of wage arrears to miners by the end of the current year.
Zelensky held phone talk with IMF Managing Director
President of Ukraine Volodymyr Zelensky had a phone conversation with Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva.
17 November 2020
Parliament rejects bill on postponement of introduction of cash registers for individual entrepreneurs
The Verkhovna Rada of Ukraine has rejected a bill on the postponement of the introduction of cash registers for sole proprietors.
Ukraine, Algeria discuss prospects for expanding energy cooperation
Ukrainian Ambassador to Algeria Maksym Subkh has visited the headquarters of Algeria's largest private energy company Al-Hayat Petroleum.
Ukrgasvydobuvannya transfers UAH 628M of rent payments to local budgets
JSC Ukrgasvydobuvannya transferred more than UAH 628 million of rent payments to local budgets in January-October 2020, the company’s press service reported.
Banks issued UAH 963M last week under Affordable Loans at 5-7-9% state program
Some 477 new loan agreements worth UAH 963 million were concluded last week under the state program "Affordable Loans at 5-7-9%,” according to the Finance Ministry.
NBU advises banks to close some branches on weekend lockdown - Shevchenko
The National Bank of Ukraine (NBU) has advised banks to close on non-working days their branches located in large shopping centers and buildings that are closed during a weekend lockdown, NBU Governor Kyrylo Shevchenko has said on Facebook.
Finance Ministry attracts first tranche under joint project with EIB to support agribusiness
The Finance Ministry of Ukraine has started to implement a loan program for small and medium-sized enterprises in the agricultural sector under the joint project with the European Investment Bank (EIB) “Ukraine Agri-Food APEX Loan”.
Parliamentary committee supports bill on agricultural receipts
The Committee on Finance, Taxation and Customs Policy of Ukraine’s Verkhovna Rada has supported the draft law (No.2805) on the functioning and circulation of agricultural receipts prepared for the first reading, the press service of the Ministry for Development of Economy, Trade and Agriculture reports.
Ukraine’s GDP decreased by 3.5% in Q3 2020
The gross domestic product (GDP) of Ukraine in the third quarter of 2020 decreased by 3.5% compared to the third quarter of 2019, according to data from the State Statistics Service.
16 November 2020
Ukraine already exported 18.7M tonnes of grain
Between July 1 (when the 2020/2021 marketing year (MY) began) and November 16, Ukraine exported 18.7 million tonnes of grain and leguminous crops, which is 3.6 million less compared to the same period last year.
Ukraine expects signing of common aviation area agreement with EU - Shmyhal
Ukraine expects the signing of a common aviation area agreement with the EU, the beginning of the integration of gas and electricity markets and integration into the EU's digital market, according to Ukrainian Prime Minister Denys Shmyhal.
Qatar Airways resumes flights to Kyiv
Qatar Airways has resumed flights to previously existing destinations, in particular to Kyiv, and added two new ones, according to the airline's press service.
NBU approves candidates for Ukrgasbank, OTP bank heads
The National Bank of Ukraine (NBU) has approved the candidates to the posts of heads of JSB Ukrgasbank and JSC OTP bank, the central bank’s press service reports.
Deposit Guarantee Fund accumulates almost UAH 15.8B
The Deposit Guarantee Fund of Ukraine accumulated UAH 15.77 billion as of November 1, 2020, the Fund’s press service reported.
Ukraine, Spain to hold online business marathon in Nov
The Embassy of Ukraine in Spain has launched a four-day online business marathon entitled "Ukraine-Spain", which includes an online business conference and online meetings of representatives of diplomatic institutions and businesses of both countries.
Alpari analyst: No significant changes in U.S. dollar exchange rate expected this week
This week the U.S. dollar exchange rate against the hryvnia is expected to remain almost the same, according to Vadym Iosub, a senior analyst at Alpari analytical company.
Ukraine-Montenegro flights to open on Dec. 1
Regular flights between Ukraine and Montenegro on the Kyiv-Pòdgorica route will be launched on December 1.
14 November 2020
Egypt wants to buy more Ukrainian grain – ambassador
Deputy Head of the Ukrainian President’s Office Ihor Zhovkva discussed with newly appointed Ambassador of the Arab Republic of Egypt to Ukraine Ayman Elgammal the possibilities of increasing the export of Ukrainian products and projects in industry and infrastructure.
13 November 2020
Ukraine, Israel start cooperation in digital transformation
The Ministry of Digital Transformation of Ukraine has held the first online working meeting with Director General of Israel's Mobileye Mickey Ayalon with the support of the Embassy of Ukraine in Israel.
Energoatom submits financial plan for 2021 to Energy Ministry
Ukraine's National Nuclear Energy Generating Company Energoatom has submitted its financial plan for 2021 to the Energy Ministry of Ukraine, the company’s press service reports.
Number of passengers using Kyiv subway dropped by 40%
Between May 25 and October 31, 2020, the Kyiv subway serviced 132.8 million passengers, compared with 214.7 million passengers recorded over the same period last year.
Ministry for Strategic Industries interested in cooperation with trade unions
The Ukrainian Ministry for Strategic Industries is interested in cooperation with domestic trade unions for the social and economic development of the country.
Energoatom sixth among Top 20 green power generators
Energy Intelligence has announced the ranking of the global Top 100 Green Utilities, with Ukraine's National Nuclear Energy Generating Company Energoatom taking sixth place among the world's top green power generators, the company's press service has reported.
Ukraine, EU planning to deepen cooperation in the field of critical raw materials
Prime Minister of Ukraine Denys Shmyhal and Vice-President of the European Commission for Interinstitutional Relations Maroš Šefčovič have held a virtual meeting to discuss ways to enhance cooperation between Ukraine and the European Commission in the field of critical raw materials.
COVID-19 pandemic pushing Ukraine towards its worst recession in decades - UN
The COVID-19 pandemic is pushing Ukraine towards its worst recession in decades and may push over nine million people into poverty, according to a recent UN study.
12 November 2020
Ukraine, Qatar discuss prospects for expanding trade cooperation
Ukraine’s Ambassador to the State of Qatar Andrii Kuzmenko held a meeting with H.E. Mohammed Bin Ahmed Towar Al Kuwari, Vice-President of Qatar Chamber of Commerce and Industry (QCCI).
Decline in interest rates on loans, deposits slowed down in Q3, 2020 - NBU
In July-September 2020, the decline in interest rates on loans and deposits began to slow down in Ukraine, according to the press service of the National Bank of Ukraine (NBU).
Windrose to resume Kyiv-Zaporizhzhia flights
Ukraine’s Windrose Airline resumes regular between Kyiv and Zaporizhzhia from December 1, the company’s press service reports.
Ukrainian hospitals purchased medical oxygen for almost UAH 180M since year-start
Since the beginning of 2020, hospitals in Ukraine have spent almost UAH 180 million on the purchases of medical oxygen, according to the Dozorro monitoring platform.
State Forest Resources Agency, SBU sign memorandum on interagency cooperation
Ukraine's State Forest Resources Agency and the Security Service of Ukraine (SBU) will cooperate in the fight against illegal timber trafficking, detection of criminals in the field of forest legislation, illegal sawmills, sale of timber abroad, and forgery of documents for the sale and transportation of timber, the agency's press service has told Ukrinform.
Naftogaz paid more than UAH 90B to budgets of all levels since year-start
NJSC Naftogaz of Ukraine paid more than UAH 90 billion to state and local budgets in January-October 2020, the company’s press service reports.
Govt allocates extra UAH 895M to provide hospital beds with oxygen systems
The Government made a decision to allocate an additional UAH 895 million to provide hospital beds with oxygen systems, Ukrainian Prime Minister Denys Shmyhal has said.
Government extends Ukraine’s participation in ‘Fit for Partnership with Germany’ program
The Ukrainian government has approved a joint statement on extending Ukraine’s participation in the program “Fit for Partnership with Germany,” the press service of the Ukrainian Ministry for Development of Economy, Trade and Agriculture reported.
11 November 2020
Govt to allocate about UAH 2B for aircraft construction annually – PM
The Government will allocate about UAH 2 billion for aircraft construction annually, which will enable to restore full-scale production of civil aircraft and master the entire process of helicopter production.
Ukraine, Kazakhstan discuss cooperation in postal sector
Infrastructure Minister of Ukraine Vladyslav Kryklii and Head of JSC Kazpost, Kazakhstan’s national postal service, Kanat Alpysbayev discussed cooperation between the two countries in the field of postal services and postal logistics, according to the Ukrainian Infrastructure Ministry’s press service.
NBU governor, World Bank representatives discuss cooperation in current and future projects
During a working visit to Washington, D.C., National Bank of Ukraine (NBU) Governor Kyrylo Shevchenko met with representatives of the World Bank Group (WBG) to discuss cooperation within the framework of current and future projects, the NBU press service reports.
NBU governor, IFC discuss projects to increase financial services availability
During a working visit to the United States, National Bank of Ukraine (NBU) Governor Kyrylo Shevchenko met with Stephanie von Friedeburg, Interim Managing Director and Executive Vice President at the International Finance Corporation (IFC), to discuss projects to increase the availability of financial services.
Inflation in Ukraine accelerates to 2.6% in October - NBU
Consumer inflation in Ukraine accelerated to 2.6% in annual terms in October 2020 (from 2.3% in September). Prices rose by 1.0% in monthly terms, according to the press service of the National Bank of Ukraine (NBU).
Ukrainian market of electric vehicles rose by 1% in Jan-Oct 2020
In January-October 2020, 6,309 electric vehicles were registered in Ukraine, which is 1% more than in the same period last year, according to the Ukrainian Motor Vehicle Manufacturers Association (UkrAutoProm).
10 November 2020
Ukraine's trade turnover declined by $8B since year-start
In January-October 2020, Ukraine's trade turnover amounted to USD 82.67 billion, which is USD 8 billion (9%) less compared to the same period last year, according to the Ukrainian State Customs Service.
Balance of foreign trade in agricultural products decreases by $1B this year
In January-October 2020, Ukraine’s export of agricultural products amounted to USD 17.6 billion, which is 1.7% less than in the same period last year, the press service of the Ukrainian Agribusiness Club Association (UCAB) reports.
Environment Ministry planning to launch system for monitoring greenhouse gas emissions
The Ukrainian Ministry of Environmental Protection and Natural Resources is planning to launch a system of monitoring, reporting and verification of greenhouse gas emissions in 2021.
UIA increases flight frequency to Great Britain from mid-December
Ukraine International Airlines (UIA) will open flights to London Heathrow Airport from December 17, 2020, and thus the frequency of flights to London will increase from three to six per week.
NBU fulfilling its commitments to international partners - Shevchenko
The National Bank of Ukraine (NBU) continues to implement reforms in the financial sector and meet its commitments to international partners.
09 November 2020
Foreign investors name major obstacles to attracting investments in Ukraine
Lack of trust in the judiciary and corruption are major obstacles for both strategic and portfolio investors.
Website for foreign IT specialists wishing to move to Ukraine launched in Lviv
An information resource for IT professionals and companies that would like to move to Lviv has been launched, the press service of Lviv City Council reports.
Hryvnia strengthening expected this week – expert
This week the U.S. dollar exchange rate against the hryvnia is expected to decline, according to Vadym Iosub, a senior analyst at Alpari analytical company.