Ukrainian Health Minister Maksym Stepanov and World Bank Country Director for Belarus, Moldova, and Ukraine Arup Banerji discussed prospects for cooperation in implementing projects in the healthcare sector, combating COVID-19 and creating conditions for public-private partnerships.
Ukrainian President Volodymyr Zelensky and Acting President of the European Bank for Reconstruction and Development Jurgen Rigterink have discussed by phone the preparation of a joint project between Ukraine and the EBRD and assessed the ongoing implementation of projects, the press service of the head of state has reported.
18 August 2020
Ukraine's state budget revenues fell UAH 38 billion short of the target for the first half of 2020, whereas state budget expenditures fell UAH 51 billion short of the target, Chairman of the Accounting Chamber of Ukraine Valeriy Patskan has said on Facebook.
The Cabinet of Ministers of Ukraine has approved the attraction of loans worth EUR 250 million from Cargill Financial Services International, Inc. in 2020.
The Hungarian low-cost airline Wizz Air has begun operating flights from Lviv to Milan and Rome, according to the press service of Lviv Danylo Halytskyi International Airport.
17 August 2020
A total of 207 new loan agreements worth UAH 666 million were concluded last week within the framework of the state program "Affordable Loans at 5-7-9%".
The reduction in the discount rate in Ukraine to 6% has not yet been fully reflected in the rates on deposits and loans, Governor of the National Bank of Ukraine (NBU) Kyrylo Shevchenko has said in an interview with RBC-Ukraine.
In January-June 2020, Ukraine imported tobacco and tobacco products to the tune of $243 million, up 18% compared to the same period in 2019.
The National Bank of Ukraine (NBU) expects to receive the second tranche from the International Monetary Fund (IMF) by the end of 2020.
The Cabinet of Ministers of Ukraine has terminated an agreement with the Government of the Russian Federation on the mutual establishment of trade missions, which was in force since October 1992.
Ukraine's Deposit Guarantee Fund paid UAH 26.8 million in guaranteed compensation to depositors of insolvent banks in July 2020, the fund's press service has reported.
Prime Minister Denys Shmyhal stated that Ukraine’s economy began to recover in the third quarter of this year.
15 August 2020
Ukraine harvested 36.7 million tonnes of grain and leguminous crops from an area of 9.3 million hectares (61% of the forecast) as of August 13, according to the Ministry for Economic Development, Trade and Agriculture.
President of Ukraine Volodymyr Zelensky signed a decree, No.322/2020, "On changes in the composition of the National Investment Council," his press service has reported.
14 August 2020
The gross domestic product (GDP) of Ukraine in the second quarter of 2020 decreased by 11.4% compared to the second quarter of 2019, according to data provided by the State Statistics Service.
During a telephone conversation with President of Ukraine Zelensky, Israel’s Prime Minister Netanyahu said that Israel would complete the ratification of the free trade agreement with Ukraine soon.
Air services between Ukraine and Kazakhstan will be resumed on August 17 after a temporary suspension caused by coronavirus lockdown measures, Ukrainian Infrastructure Minister Vladyslav Kryklii has said.
In January-July 2020, Ukraine's trade turnover with countries of the world amounted to USD 55.48 billion.
The Ministry of Economic Development, Trade, and Agriculture has published a forecast of economic and social development of Ukraine for 2021-2023, approved on July 29, 2020.
Raising minimum wage will facilitate bigger incomes of public sector employees - teachers, doctors, social workers - as their salaries are calculated using the unified wage scale pegged to the minimum wage.
The Ukrainian Finance Ministry sees no prerequisites for the exchange rate of UAH 30 per U.S. dollar but, at the same time, it sees no tools to influence the exchange rate to move in this direction, Finance Minister Serhiy Marchenko has said in an interview with the Focus weekly news magazine.
Deputy Foreign Minister of Ukraine Dmytro Senik and Ambassador of the UAE to Ukraine Eng. Salem Ahmed Al-Kaabi discussed economic cooperation between the countries.
13 August 2020
Aircraft construction should become a symbol of the revival of the Ukrainian industry, and a working group will be set up in Ukraine to develop this industry, according to Prime Minister Denys Shmyhal.
Firefly Aerospace is preparing for the first launch of the Ukrainian-American Alpha rocket, which is scheduled for late October or early November this year, according to Space.com.
Ukraine and the United Kingdom have agreed to cooperate and share experiences in measures of governments and central banks to counter the coronavirus pandemic.
Minister of Economic Development, Trade, and Agriculture of Ukraine Ihor Petrashko has said that the state-owned enterprises, which are strategically important for the country, will not be subject to privatization.
President Volodymyr Zelensky has signed the Law "On Amendments to Certain Legislative Acts of Ukraine to Facilitate the Attraction of Investments and the Introduction of New Financial Instruments."
12 August 2020
In the first half of 2020, Ukraine imported fruits and berries worth USD 341 million, which is 23% more than in the same period last year, according to the National Scientific Center “Institute of Agrarian Economy” (IAE).
The Cabinet of Ministers of Ukraine has adopted a draft resolution "On approval of the program to reform and develop spirits industry for 2020-2023."
The Cabinet of Ministers has allocated UAH 1.1 billion in state subventions for the reconstruction of social infrastructure facilities in the regions where the biggest communities of internally displaced persons live.
Only 300 out of more than 3,000 state-owned enterprises are to remain in state management, while others will be subject to privatization, Ukrainian Prime Minister Denys Shmyhal has said.
In July, Ukraine’s airline SkyUp Airlines resumed 50% of its pre-coronavirus operating activities, according to the airline's press service.
The Ministry of Infrastructure of Ukraine is currently drafting the aviation strategy and plans to complete it by the end of autumn.
Witkowitz, a Czech company engaged in the manufacture of machine-building equipment, plans to invest at least EUR 50 million in Ukraine's state enterprise Yuzhmash (Dnipro) to create new production facilities, the enterprise's press service has reported on Facebook.
One of the largest low-cost carriers in Europe, easyJet, has received permission to operate flights from Italy to Ukraine, according to Avianews.
11 August 2020
Ukraine's state-owned banks turned a profit of UAH 16.2 billion in January-June 2020, which is UAH 3.4 billion less than in the same period last year, the Ukrainian Finance Ministry's press service has reported.
The Government of Ukraine has elaborated on preliminary proposals for a roadmap on Ukraine's participation in the European Green Deal.
According to the forecast of the Ministry of Economic Development, Trade and Agriculture, Ukraine will export 17.2 million tonnes of wheat in the 2020/2021 marketing year (MY).
PM Shmyhal: We aim to apply best scientific technologies, processing techniques in agro-industrial complex
Being a supplier of raw materials abroad, Ukraine should apply the best scientific technologies and processing techniques in the agro-industrial complex to ensure that added value enterprises and jobs remain in the country.
Since the beginning of the year, UAH 221.1 million has been attracted to the agricultural sector in Zhytomyr region.
President of Ukraine Volodymyr Zelensky has signed a Law of Ukraine "On State Regulation of Activities related to Organization and Conduct of Gambling."
Vehicle production in Ukraine in January-July 2020 dropped 40% year-on-year, to 2,122 vehicles, the Ukrainian Motor Vehicle Manufacturers Association (Ukrautoprom) has reported.
President of Ukraine Volodymyr Zelensky has formed a delegation to take part in negotiations with the Republic of North Macedonia on revision of the free trade agreement.
10 August 2020
Modern satellite services can be an effective tool in the fight against maritime smuggling, illegal extraction of natural resources and in preventing emergencies, Infrastructure Minister Vladyslav Kryklii has said.
In July 2020, consumer prices in Ukraine decreased by 0.6% compared to the previous month, according to data provided by the State Statistics Service.
Ukraine expects to receive loans from the IMF, the World Bank and new macro-financial assistance from the EU, totaling more than $3.3 billion, in 2020, the Ukrainian Finance Ministry's press service has reported, referring to Finance Minister Serhiy Marchenko's interview with the Kyiv Post.
Prime Minister of Ukraine Denys Shmyhal believes that the creation of "free economic zones" (priority development zones) in Donbas will help revive the territory in terms of business.
07 August 2020
As of August 6, Ukraine harvested almost 33 million tonnes of grain and legumes.
In 1H 2020, Metinvest Group’s hot metal output and crude steel output grew by 1 percent.
In July 2020, Ukraine's international reserves increased by 1.0% to USD 28.802 billion (in equivalent), according to the press service of the National Bank of Ukraine (NBU).
The State Customs Service of Ukraine will be ready to accept electronic applications for the authorized economic operators (AEO) status in two or three weeks. However, the first AEO in Ukraine can be expected only from January 2021 due to the long period of the assessment procedure.
The U.S. Department of Justice seeks the forfeiture of two commercial properties purchased with funds misappropriated from PrivatBank in Ukraine, according to a press release posted on the agency's website.
Ukraine’s airline SkyUp Airlines will launch flights from Kyiv to Istanbul (Turkey) from September 25 this year.
06 August 2020
President Volodymyr Zelensky will submit to the Verkhovna Rada a bill to increase the minimum wage up to UAH 5,000 (about USD 180).
The "Water of Donbas" public utility company, which supplies water to Donetsk region, will be modernized within three years.
Zhytomyr city has received two out of 11 Belarusian-manufactured trolleybuses, according to Zhytomyr City Council.
Acting Energy Minister of Ukraine Olha Buslavets discussed investments in the alternative energy sector with Andriy Zhovner, Director of H2 LLC, and Walter Komarek, CEO of Yom Capital Ltd.
The first online meeting of Ukrainian and Malaysian businesses dedicated to the food industry and agricultural technologies will take place on September 15.
Ukraine plans to build 2,900 kilometers of concrete roads until 2025, Head of the State Agency of Motor Roads (Ukravtodor) Oleksandr Kubrakov has said.
In January-June 2020, the volume of agricultural trade between Ukraine and the European Union decreased by 5.1% to USD 4.6 billion.