Banks connected to BankID system cover 87% of payment card market - NBU
Banks connected to the BankID system of the National Bank of Ukraine (NBU) together account for 87% of the Ukrainian payment card market.
Economy
Ivano-Frankivsk region receives UAH 4.6M in tourist tax payments
In January-October 2020, local budgets of Ivano-Frankivsk region received UAH 4.6 million in tourist tax payments.
NBU sold $70M on interbank market last week
The National Bank of Ukraine (NBU) sold $70 million on the interbank foreign exchange market last week, according to data provided by the central bank.
Donbas economic development strategy to be submitted to VR in spring – Reznikov
The strategy of economic development of the government-controlled territory of Donetsk and Luhansk regions will be submitted to the Verkhovna Rada in the spring, the press service of the Ministry for Reintegration of the Temporarily Occupied Territories reports referring to Deputy Prime Minister Oleksii Reznikov.
UIA cancels flights from Lviv and Kharkiv to Tel Aviv
Ukraine International Airlines (UIA) has canceled flights from Lviv and Kharkiv to Tel Aviv from November 8, according to the company's website.
Funds from World Bank for restoring economy in Donbas to support business – Shmyhal
Prime Minister of Ukraine Denys Shmyhal says that funds from the World Bank for the restoration of the economy in the government-controlled territories in Donbas will create additional opportunities for small and medium-sized businesses.
NBU governor to meet with IMF, World Bank leadership in USA
National Bank of Ukraine (NBU) Governor Kyrylo Shevchenko has left for the United States, where he will discuss the prospects for Ukraine's cooperation with international partners.
07 November 2020
Minister Abramovsky intends to produce green hydrogen in exclusion zone
Minister of Environmental Protection and Natural Resources of Ukraine Roman Abramovsky believes that the Chornobyl Exclusion Zone can attract investment in the production of green hydrogen and renewable energy.
Digital Transformation Ministry preparing projects to attract investment
The Ministry of Digital Transformation of Ukraine prepares the projects to attract investment to Ukraine.
06 November 2020
Ukraine's unrealized export potential amounted to USD 24B last year
In 2019, the unrealized potential of merchandise export of Ukraine amounted to USD 24 billion. According to the audit of the Ukrainian economy, China is the largest untapped market for Ukraine.
Ukraine implemented four of ten structural benchmarks under program with IMF - Marchenko
Ukraine has implemented four out of ten structural benchmarks under a program of cooperation with the International Monetary Fund (IMF), and the implementation of two more is in the final stage, Ukrainian Finance Minister Serhiy Marchenko has said in an interview with the Minfin financial news portal.
Petrashko meets with Lithuanian ambassador
Minister for Development of Economy, Trade and Agriculture of Ukraine Ihor Petrashko met with Ambassador Extraordinary and Plenipotentiary of the Republic of Lithuania to Ukraine Valdemaras Sarapinas.
EBRD to finance road infrastructure in Ukrainian regions next year
The European Bank for Reconstruction and Development (EBRD) will provide loans to Ukraine to finance road infrastructure in the regions, the press service of the Finance Ministry has reported.
Sixteen companies get licenses for manufacturing medical oxygen in Ukraine
Prime Minister Denys Shmyhal says that 16 Ukrainian enterprises received licenses from the Ministry of Health for the production of oxygen for medical purposes.
PM: Ukraine’s unfulfilled investment potential is $63 billion
For the years of independence, Ukraine's unfulfilled investment potential has reached $63 billion.
PM Shmyhal: Ukraine has lost one trillion dollars over past decade
Ukraine has lost one trillion dollars over the past ten years due to unfulfilled potential.
Cabinet of Ministers outlines 30 priority projects in economy until 2030
The Cabinet of Ministers of Ukraine has identified 30 priority projects until 2030, namely: the creation of an economic basis for the development of education, medicine, culture and social services; decline in the state's share in the economy; development of the financial sector and reduction of the regulatory burden on business.
PM Shmyhal: Ukraine developing only one third of its discovered mineral deposits
Prime Minister Denys Shmyhal says that more than 12,000 mineral deposits have been discovered in Ukraine, but only one third of them are being developed.
Ukrainian sugar refineries processed 4M tonnes of sugar beets of new harvest
Ukrainian sugar refineries processed 4 million tonnes of sugar beets of new harvest over the first two months of the 2020/2021 marketing year (MY), according to the Ukrtsukor National Association of Sugar Producers of Ukraine.
Zelensky waiting for 'economic Constitution of Ukraine'
The results of an audit of the Ukrainian economy and the vectors of economic development drafted by the government should become the basis for the creation of Ukraine's National Economic Strategy until 2030, President Volodymyr Zelensky has said.
Zelensky waiting for 'economic Constitution of Ukraine'
The results of an audit of the Ukrainian economy and the vectors of economic development drafted by the government should become the basis for the creation of Ukraine's National Economic Strategy until 2030, President Volodymyr Zelensky has said.
More than UAH 25B to be invested in Ukrzaliznytsia in 2021
JSC Ukrzaliznytsia, Ukrainian Railways, intends to invest over UAH 25 billion in railway infrastructure, locomotives, freight cars and passenger transportation, the company’s press service reports.
05 November 2020
Motor Sich Airlines resumes Zaporizhzhia-Minsk flights
Motor Sich Airlines has announced the resumption of flights on the Zaporizhzhia-Minsk route, according to the airline’s Facebook page.
Ukraine takes part in China International Import Expo
A Ukrainian delegation headed by Ukraine’s Ambassador to the People's Republic of China Serhiy Kamyshev participates in the third China International Import Expo (CIIE), which opened in Shanghai on November 5.
Economy Ministry estimates Ukraine’s GDP fall in Jan-Sept 2020 at 5.5%
The Ministry for Development of Economy, Trade and Agriculture estimates a decline in Ukraine’s GDP in January-September 2020 at the level of 5.5%.
Parliament supports draft state budget for 2021 at first reading
The Verkhovna Rada, Ukraine's parliament, has supported the bill on Ukraine's state budget for 2021 at first reading.
Energy Ministry: UAH 1.4B to be allocated to pay off wage arrears to miners in 2020
The Ukrainian government approved a decision on the allocation of UAH 1.4 billion from the state budget to pay off wage arrears to miners by the end of 2020, the Energy Ministry’s press service reports.
Verkhovna Rada approves amendments to Budget Code
The Verkhovna Rada of Ukraine has approved amendments to the Budget Code as basis.
Kryklii announces possible high-speed rail cooperation with Italy
Minister of Infrastructure of Ukraine Vladyslav Kryklii discussed with Ambassador of Italy to Ukraine Davide La Cecilia the possibility of cooperation in the development of high-speed rail.
Zakarpattia region receives over UAH 5M in tourist tax payments
In January-October 2020, local budgets of Zakarpattia region received more than UAH 5 million in tourist tax payments, which is almost 20% less than in the same period last year.
Finance Ministry: 2021 state budget quite balanced and realistic to implement
The Finance Ministry has called on MPs to support the draft state budget of Ukraine for 2021, which will be put to the vote at first reading on November 5.
04 November 2020
Ukraine, China interested in expanding cooperation in agricultural sector
Ukraine’s Ambassador to the People's Republic of China Serhiy Kamyshev met with Vice Minister of Agriculture and Rural Affairs of the People's Republic of China Zhang Taolin.
Govnt to present country’s economic audit on Nov. 6 – PM
On November 6, the Cabinet of Ministers of Ukraine will present an economic audit of the country and a vision for economic development until 2030.
Platform for Sustainable Development of Coal Towns of Donetsk region
Coal towns of Donetsk region: VIEW ON JUST TRANSITION FOR MINING REGIONS
Ukraine’s air traffic in October down 56% - UkSATSE
The air traffic in Ukraine fell by 56.4% in October 2020 compared to the relevant period last year, according to the Ukrainian State Air Traffic Services Enterprise (UkSATSE).
Finance Ministry, EBRD discuss prospects for further cooperation
The Ministry of Finance of Ukraine and the European Bank for Reconstruction and Development discussed the current progress of implementation of projects supported by the EBRD in Ukraine and prospects for further cooperation.
Fifteen Great Construction program facilities reconstructed in Donetsk region
Ukraine’s Donetsk region has fully completed the construction and reconstruction of 15 infrastructure facilities included in the Great Construction national program.
Finance Ministry expects new head of Ukrgasbank to continue bank’s successful operations
The Finance Ministry expects that the appointment of Andrii Kravets as Chairman of the Board of Ukrgasbank will ensure the continuation of successful operations of the financial institution, the ministry’s press service reports.
PM Shmyhal: Ukraine uses global best practice to reform state-owned enterprises
Ukraine uses global best practice to reform the management of state-owned enterprises.
Digital Transformation Ministry in cooperation with Facebook launches online training center
The Ministry for Digital Transformation of Ukraine in cooperation with Facebook has launched an online training center for small and medium-sized businesses, the ministry’s press service reports.
03 November 2020
SkyUp expands its flight program to Istanbul
Ukraine’s SkyUp Airlines is expanding its international program from regions. Thus, flights to Istanbul from Lviv and Odesa will open from December 18, 2020.
Ukraine can fully provide itself with uranium – State Service for Geology
Ukraine has the potential to fully meet its own needs for uranium mining, according to Head of the State Service for Geology and Mineral Resources of Ukraine Roman Opimakh.
Digital Transformation Ministry plans to increase share of IT sector in GDP to 10% in a few years
The Ministry of Digital Transformation of Ukraine is working to ensure that the IT sector provides 10% of the country's GDP in a few years.
Parliament postpones use of cash registers for simplified taxation system until 2022
Leaders of all parliamentary factions and groups have agreed that the Verkhovna Rada will postpone the use of cash registers for the simplified taxation system until January 1, 2022.
Ukraine’s SkyUp to operate non-scheduled flights to Tashkent in Nov.
Ukraine’s SkyUp Airlines will operate three non-scheduled flights on the Kyiv-Tashkent (Uzbekistan)-Kyiv route in November 2020, the airline's press service reports.
Energy Ministry initiates creation of Decarbonization Fund
The Energy Ministry of Ukraine initiates the creation of the Decarbonization Fund, according to acting Energy Minister Olha Buslavets.
State Customs Service transfers more than UAH 36B to state budget in October
The State Customs Service of Ukraine transferred UAH 36.35 billion in revenues from customs payments to the state budget in October 2020, according to the agency’s website.
Share of non-performing loans in state-owned banks decreased
As of October 1, the share of non-performing loans (NPLs) in state-owned banks (excluding PrivatBank) decreased from 47.6% to 43.5%, the press service of the National Bank of Ukraine (NBU) wrote on Facebook.
02 November 2020
NBU not ruling out possible increase in key policy rate next year
Most members of the Monetary Policy Committee of the National Bank of Ukraine (NBU) support the maintaining of the key policy rate at the level of 6% until the end of 2020 with the prospect of raising it in 2021.
Ukrnafta decreases hydrocarbon production in September
PJSC Ukrnafta produced 119.7 thousand tonnes of oil and condensate and 89.3 million cubic meters of gas in September 2020, which is 3.2% and 5.9% lower, respectively, than in September 2019, according to the report posted on the company’s website.
Ukraine's tourism agency, Google to work on digitalization of tourism industry
Ukraine's State Agency for Tourism Development has signed a memorandum with Google on the development and digitalization of the Ukrainian tourism industry, the head of the agency, Mariana Oleskiv, has reported on Facebook.
Ukrainians keep over UAH 642B in banks - NBU
Ukrainians kept over UAH 642 billion in Ukrainian banks as of October 1, 2020, the press service of the National Bank of Ukraine (NBU) has reported on Facebook.
PM Shmyhal: Ukrspyrt gets more profit due to successful reform of state-owned enterprises
Revenues of State Enterprise Ukrspyrt have grown due to a successful reform of state-owned companies, according to Prime Minister Denys Shmyhal.
31 October 2020
IMF reacts to Constitutional Court’s decision: E-declarations should not be dismantled
The IMF considers the launch of an electronic system for asset and income disclosure by Ukrainian high-level officials to be a critical element of bilateral cooperation and calls for enhancing the effectiveness of all Ukraine’s anti-corruption institutions.
30 October 2020
Ukraine to cooperate with South Korea's KT Corporation in smart electricity metering
The Ministry of Energy of Ukraine will cooperate with KT Corporation, South Korea's largest telecommunications company, in the field of smart electricity metering.
G7 ambassadors call for further reform of Ukroboronprom
The ambassadors of the G7 countries urge to continue corporate governance reforms at Ukraine's state-owned company Ukroboronprom.
EU mission on ‘industrial visa-free regime’ launched in Ukraine
The work of the preliminary assessment mission of the EU regarding Ukraine's readiness to conclude an Agreement on Conformity Assessment and Acceptance of Industrial Products (ACAA) has begun, according to the press service of the Ministry of Economy Ukraine.
Ukrainian exports shown sufficient resilience to crisis in 2020 - NBU
Ukrainian exports showed sufficient resilience to crisis developments in 2020, in contrast to previous crises, in particular due to an increase in the share of food products in its structure.
Real wages expected to grow by 9.5% in 2021 – NBU
The National Bank of Ukraine (NBU) forecasts that real wages in Ukraine will grow by 6.2% in 2020 and by 9.5% in 2021.