Ukraine is holding talks with SpaceX to launch a Ukrainian satellite in late December 2021, Deputy Prime Minister and Minister for Strategic Industries Oleh Urusky has said in an interview with the Pershyi Dilovyi television channel.
The electricity market that started operating in Ukraine in July 2019 is still not competitive by EU standards, according to a European Parliament resolution.
The National Bank of Ukraine (NBU) plans to continue bringing the Ukrainian banking legislation in line with the EU legislation and introducing best world practices.
In January 2021, Naftogaz Group paid more than UAH 7 billion to the state budget, which accounts for 10% of the total state budget revenues, the company’s press service reports.
In January 2021, all types of motor fuel dropped in price in Ukraine compared with January 2020, except for liquefied gas, which rose in price by 0.3%, up to UAH 12.67 per liter, according to the State Statistics Service.
Ukraine and Algeria have significant potential for increasing cooperation in the metallurgical sector.
The government program "Affordable Loans at 5-7-9%" is most popular among farmers: 54% of credits under this program have been issued to representatives of this industry.
Ukraine expects a common aviation area agreement with the European Union to be signed in the near future, Ukrainian Prime Minister Denys Shmyhal has said.
The European Green Deal, the main purpose of which is to combat climate change, will soon have deep geopolitical consequences, according to EU High Representative for Foreign Affairs and Security Policy Josep Borrell.
11 February 2021
An online conference between H.E. Sheikh Ali Alwaleed Al Thani, Chief Executive Officer of the Investment Promotion Agency (IPA) of Qatar, and UkraineInvest Executive Director Serhiy Tsivkach took place on February 10.
The European Union, in partnership with the World Health Organization (WHO), today launched a new regional program worth more than EUR 40 million to provide critical assistance to the Eastern Partnership countries in their preparedness for vaccination, according to a statement posted on the website of the European Commission.
Mykhailo Tovt has been appointed Head of Zakarpattia Customs Office of the State Customs Service of Ukraine.
Consumer inflation in Ukraine in January 2021 grew to 6.1% in annual terms, according to the National Bank of Ukraine (NBU).
Ukraine’s State Concern Ukroboronprom will expand cooperation with India in the defense industry; in particular, preliminary agreements have been reached to sign bilateral contracts worth $140 million.
In January 2021, Ukraine manufactured 604 vehicles, which is 29% less than in the same month last year, according to the Ukrainian Motor Vehicle Manufacturers Association (UkrAutoProm).
President Volodymyr Zelensky has signed a law on state support for investment projects with significant investments to resume investment activity in Ukraine, the president’s press service reports.
10 February 2021
Ukraine plans to continue its systemic fight against corruption and to move closer to EU standards this year, according to Ukrainian Prime Minister Denys Shmyhal.
PM: Ukraine fulfills all conditions for receiving second tranche of EU’s macro-financial aid in spring
Ukraine fulfills all the conditions for receiving the second tranche of macro-financial assistance from the European Commission this spring.
Ukraine has passed through the economic crisis with minimum losses compared to other European countries, Ukrainian Prime Minister Denys Shmyhal has said.
Belgium is an important international trade and investment partner of Ukraine, Prime Minister Denys Shmyhal has said.
Ukraine's National Nuclear Energy Generating Company Energoatom paid EUR 12.5 million to Westinghouse Electric Sweden AB under current financial obligations, the press service of Energoatom reports.
Ukrainian higher education institutions received UAH 241 million of income from the placement of deposit funds in 2020, the press service of the Finance Ministry reports.
The National Bank of Ukraine (NBU) has determined the list of banks that will undergo stress testing in 2021, the central bank’s press service reports.
The total amount of deposits of individuals in banks-participants of the Deposit Guarantee Fund of Ukraine grew by UAH 133.12 billion during 2020, according to the Fund’s press service.
Ukraine’s Finance Ministry, Health Ministry and the World Bank are working on the possible implementation of the project "Emergency Response Plan for the Covid-19 Pandemic and Vaccination in Ukraine", which provides for a $90 million loan for Ukraine, the Finance Ministry’s press service reports.
On February 9, 2021, the Ukrainian Finance Ministry raised UAH 13.08 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.
The average salary in December 2020 in Ukraine amounted to UAH 13,320, according to the Pension Fund of Ukraine.
09 February 2021
Ukraine's SkyUp Airlines will expand its flight map with seven new countries in summer, the airline’s press service reports.
The Russian government has expanded the list of railway products banned for import from Ukraine.
The government and local authorities have reached an agreement that tariffs for heating and hot water in Ukraine will not increase until the end of the heating season.
The Ministry of Economic Development, Trade and Agriculture of Ukraine expects the country’s gross domestic product (GDP) to grow by 11% in the second quarter of 2021.
The Ukrainian government will launch the Affordable Mortgage program in March 2021, which will simplify access to mortgages and offer a rate of up to 7%.
The fall in the gross domestic product (GDP) of Ukraine in 2020 amounted to 4.2%, Minister of Economic Development, Trade and Agriculture Ihor Petrashko has said.
The introduction of a defined contribution pension system is an important task for the government, as it will allow Ukrainians to receive good pensions in the future and will support the economy, according to Ukrainian Prime Minister Denys Shmyhal.
The government has paid UAH 15.8 billion worth of unemployment benefits to Ukrainians since the beginning of the coronavirus quarantine.
08 February 2021
Ukraine has joined the UN Committee on World Food Security (CFS), the Ukrainian Foreign Ministry has reported.
JSB Ukrgasbank has issued over UAH 450 million worth of housing loans to Ukrainians since July 2020, the bank’s press service reports.
The National Bank of Ukraine (NBU) provided a total of UAH 440 million in refinancing to four banks, the central bank’s press service reported.
Ukraine cannot allow any steps that will destroy the efficient Motor Sich enterprise, which has a huge social burden, Ukrainian Foreign Minister Dmytro Kuleba has said in an interview with Radio Free Europe/Radio Liberty.
06 February 2021
Over the past five years, Ukraine’s coffee imports have grown by 63%. In 2020, it reached 48.4 thousand tonnes for a total amount of USD 166.1 million, according to the Ukrainian Agribusiness Club Association (UCAB).
Ukraine's SkyUp Airlines plans to launch Kyiv-Lodz-Kyiv, Lviv-Lodz-Lviv, and Kyiv-Katowice-Kyiv flights this spring, the airline’s press service reports.
Ukraine has chosen a European Green Deal strategy and has all the necessary tools to implement it, Prime Minister Denys Shmyhal has said.
05 February 2021
Ukraine's international reserves shrank by 1.1% in January 2021, to $28.821 billion, the press service of the National Bank of Ukraine (NBU) has reported.
As of January 31, 2021, there were 73 banks and 2,006 participants in the nonbank financial services market in Ukraine, the press service of the National Bank of Ukraine (NBU) reports.
In 2020, the share of non-performing loans (NPLs) in the Ukrainian banking sector decreased to 41% (as of January 1, 2021) from 48.4% (as of January 1, 2020), the press service of the National Bank of Ukraine (NBU) reports.
The energy system of Ukraine will be integrated with the pan-European energy system, ENTSO-E, in 2023, Prime Minister of Ukraine Denys Shmyhal has said.
The Cabinet of Ministers is planning to invest UAH 2.76 billion in the development of the mineral resource base in the next four years and another UAH 3.53 billion in the period from 2026 to 2030.
The National Bank of Ukraine (NBU) decided to increase to EUR 200,000 the e-limit on some foreign exchange transactions by individuals to transfer funds abroad or into accounts that nonresident legal entities have opened in Ukraine. The ruling comes into effect on February 5, 2021.
President of Ukraine Volodymyr Zelensky has dismissed Maria Protsyshen from the post of state commissioner of the Antimonopoly Committee of Ukraine (AMCU).
The International Monetary Fund (IMF) will define economic development policies and reforms being carried out in Ukraine in order to complete its review and decide on the date of disbursing the next tranche under the current stand-by program.
04 February 2021
Ukraine’s local budgets received UAH 130.6 million in revenues from tourist tax in 2020. Kyiv became the leader with UAH 34.7 million in tourist tax revenues.
Increasing gas production to fully meet the domestic needs of the state is a strategic goal of Ukraine for the next five years.
Ukrainian Prime Minister Denys Shmyhal has said that Ukraine and Romania have mutual interests in the energy sector, so it is important to develop cooperation in this area.
Prime Minister Denys Shmyhal says that in order to accelerate economic growth, the Ukrainian government will continue to stimulate government programs aimed at facilitating access to financial resources.
The volume of bilateral trade between Ukraine and Turkey for nine months of 2020 amounted to USD 3.7 billion, but the countries seek to increase it to USD 10 billion a year.
Prime Minister of Ukraine Denys Shmyhal has said that heads of some regional customs offices will be replaced soon.
In January 2021, Ukraine extracted 2.6 billion cubic meters of gas from its underground gas storage facilities (UGS), which is 33% higher than in January 2020, according to the press service of JSC Ukrtransgaz.
Ukraine is planning to enhance cooperation with KT Corporation, South Korea's largest telecommunications company, to implement smart grid technologies in the Ukrainian energy sector.
03 February 2021
Ukraine's trade turnover in January 2021 amounted to USD 8.14 billion, which is USD 140 million less than in the same period last year (it was USD 8.28 billion in January 2020), according to data provided by the State Customs Service of Ukraine.