The European Union expects Ukraine not to adopt a bill containing proposals to introduce localization requirements in the field of public procurement, as it contradicts the Association Agreement, Head of the EU Delegation to Ukraine Matti Maasikas has said.
The Ministry of Economic Development, Trade and Agriculture is updating the Export Strategy of Ukraine, which will determine the main directions of export policy for the coming years.
The digitalization of the economy will give an impetus to the development of all industries and help create new jobs, Prime Minister Denys Shmyhal has said.
Ukraine has imposed sanctions against Moldova's JET4U S.R.L. and Portugal's JET4U LDA for performing flights to the Russian Federation and to the temporarily occupied territories of Ukraine in violation of applicable law, the press service of the Security Service of Ukraine (SBU) has reported.
In January 2021, 901 new commercial vehicles were purchased and registered on the Ukrainian market, which is 6% higher compared with the relevant period last year, according to the Ukrainian Motor Vehicle Manufacturers Association UkrAutoProm.
The Deposit Guarantee Fund of Ukraine and the World Council of Credit Unions (WOCCU) have signed a memorandum of cooperation aimed at providing a favorable environment for the development of credit unions, the Fund’s press service reports.
Increasing Ukrainian exports, attracting investments and promoting the tourism potential of Ukraine are the main tasks of Ukraine's economic diplomacy.
The United States is interested in maintaining Europe's collective energy security and reserves the right to impose sanctions on those who seek to complete or certify Russia's Nord Stream 2 gas pipeline project, a State Department spokesperson has said in response to an information request from an Ukrinform correspondent.
Finance Minister of Ukraine Serhiy Marchenko has signed a protocol on amendments to the Ukrainian-Danish Intergovernmental Convention on the Avoidance of Double Taxation, according to the ministry’s press service.
On February 2, 2021, the Ukrainian Finance Ministry raised almost UAH 5.3 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.
02 February 2021
The digital economy is an important vector of the National Economic Strategy of Ukraine until 2030.
The National Bank of Ukraine is holding talks with the International Monetary Fund (IMF) about creating a special financial court in the country to settle bank loan disputes to tame growth of non-performing loans (NPLs), NBU Governor Kyrylo Shevchenko has told Reuters.
In 2020, JSC Oschadbank issued almost 4,000 auto loans for a total sum of more than UAH 1.9 billion.
In January 2021, the general fund of the state budget received UAH 57.6 billion, which is 106.5% of the target for this period, the press service of the Finance Ministry reports referring to data provided by the State Treasury Service.
This year, Ukraine expects to receive three tranches from the International Monetary Fund to the tune about $ 2.2 billion.
In January 2021, Ukrainian mining enterprises produced 2,576,551 tonnes of coal, which is 106% of the production plan, the Coal Miners Union of Ukraine reported with a reference to the Energy Ministry.
In 2020, Ukraine’s construction output grew by 4.0% compared to the previous year, according to the data provided by the State Statistics Service of Ukraine.
In 2020, Odesa International Airport provided air services to almost 700 thousand passengers, which is 58% less than in 2019, Ukrinform reports referring to the airport’s press service.
During the current week, the dollar exchange rate against the hryvnia is expected to remain unchanged, according to a weekly forecast released by Alpari.
01 February 2021
Preparations for the Agreement on Conformity Assessment and Acceptance of Industrial Products (ACAA), the so-called "industrial visa-free regime" with the European Union, were discussed during an interagency meeting at the Ministry of Economic Development, Trade and Agriculture of Ukraine.
Businesses have significantly worsened their expectations for their performance and business prospects in response to strengthened quarantine measures amid a traditional decline in business activity at the beginning of the year.
The Cabinet of Ministers has approved a procedure for paying compensation to people who use electric heating, Prime Minister Denys Shmyhal has said.
Ukraine resumed electricity imports from Russia on February 1, according to data provided by the European Network of Transmission System Operators ENTSO-E.
Given strong retail performance, the pandemic insignificantly restrains the growth of consumer demand.
In 2020, the passenger flow through Ukrainian airports decreased by 64.4% compared with 2019, according to the State Aviation Service of Ukraine.
Most members of the Monetary Policy Committee (MPC) of the National Bank of Ukraine (NBU) believe that the key policy rate needs to be raised moderately in 2021, to 6.5%–7%.
In 2020, the volume of loans provided by JSB Ukrgasbank to small and medium-sized businesses rose by 50% (or UAH 2.5 billion) and amounted to UAH 7.7 billion, Ukrinform reports referring to the bank’s press service.
Prime Minister Denys Shmyhal has said that the Ukrainian government aims to raise the average salary in Ukraine to the level of Poland or Slovakia by 2030.
30 January 2021
The Ministry of Communities and Territories Development of Ukraine and the European Investment Bank (EIB) have agreed to cooperate to improve water supply systems in Ukraine.
On Friday, January 29, President of Ukraine Volodymyr Zelensky held a meeting with a delegation of the Switzerland-based company Stadler Rail AG, headed by the president of the Board of Directors, co-owner of Stadler Rail AG group Peter Spuhler.
29 January 2021
The Sweden-based IKEA, the world’s largest retailer of furniture and household goods, has officially announced the opening of a store in Kyiv's Blockbuster Mall on February 1, the company says in a press release.
The Ukrainian Startup Fund (USF) has already financed 86 projects, according to the Fund's press service.
Trade turnover between Ukraine and North Macedonia amounted to USD 96.3 million in 2020, Deputy Minister of Economic Development, Trade and Agriculture - Trade Representative of Ukraine Taras Kachka has said.
The Verkhovna Rada of Ukraine has passed a law regulating the liquidation of the tax police and the transfer of its powers to the Bureau of Economic Security.
Ukrainian exporters, interested in entering the Egyptian markets, will benefit significantly from the establishment of joint ventures with localization of production in this country.
Ukraine and Moldova held the first round of negotiations on amendments to the intergovernmental Free Trade Agreement (FTA) on January 28, 2021.
Ukrainian President Volodymyr Zelensky has said that heat and hot water tariffs in the regions will not be raised.
28 January 2021
Ukraine International Airlines (UIA) plans to resume flights to Tbilisi, Georgia, after the country's authorities decided to lift restrictions on flights from February 1.
A mission from the International Monetary Fund (IMF) continues to work with representatives of the Ukrainian authorities remotely, the IMF Resident Representative Office in Ukraine has reported.
Ukraine in cooperation with Lithuania will increase container transportation and plan to liberalize the conditions of bilateral and transit transportation.
The average nominal salary of Ukrainians in December 2020 was 15.6% higher than the one they received in December 2019 and amounted to UAH 14,179, the State Statistics Service has reported.
The Verkhovna Rada of Ukraine has passed at second reading and as a whole the draft law on the establishment of the Bureau of Economic Security of Ukraine (No.3087-d) which, among other things, provides for the transfer of investigation of economic crimes from the Security Service, State Fiscal Service, State Bureau of Investigation to the newly created body.
Ukroboronprom's transformation will become a driver of Ukraine's economic development
The situation in Ukraine’s gas market, which is largely controlled by oligarchs in the network of regional suppliers, needs government intervention.
27 January 2021
Ukraine’s SkyUp Airlines will launch flights on the Kyiv-Tbilisi-Kyiv route twice a week from February 4, the Georgia Online portal reports.
Heating and hot water tariffs will not increase until the end of the heating season, Prime Minister of Ukraine Denys Shmyhal has said.
Deputy Prime Minister and Minister for Strategic Industries of Ukraine Oleh Uruskyi and Chargé d'Affaires of the United States in Ukraine a.i. Kristina Kvien discussed the issues of military-technical and industrial cooperation between Ukraine and the United States during an online conversation.
The National Bank of Ukraine (NBU) has informed banks about the risks of cooperation with Ukrainian citizens who have recently been sanctioned by the United States, including Ukrainian MP Oleksandr Dubinsky.
Ukraine looks forward to continued cooperation within the Investment Committee of the Organization for Economic Co-operation and Development (OECD) and its working bodies, as well as to participation of the OECD mission in Ukraine to review the regulatory policy.
Minister of Infrastructure of Ukraine Vladyslav Kryklii expects that the Common Aviation Area Agreement between Ukraine and the European Union will be signed in the near future.
26 January 2021
Ukraine’s Regional Development Agencies (RDAs) will receive UAH 58.8 million worth of state support for the implementation of nine projects within the sectoral budget program of the Ministry of Communities and Territories Development.
Great Construction program: 12 social facilities built and reconstructed in Kherson region last year
A total of 12 social facilities have been built and reconstructed in Kherson region as part of the Great Construction 2020 program, the press service of Kherson Regional State Administration reports.
International air travel may fully recover in 2023 if the situation in 2021 is predictable.
The National Economic Strategy of Ukraine until 2030 provides support for small and medium-sized businesses, including expanding access to finance and simplifying the regulatory environment.
The Ministry of Digital Transformation of Ukraine will launch new digital products during the Diia Summit in April 2021, Deputy Prime Minister and Minister of Digital Transformation of Ukraine Mykhailo Fedorov has written on his Telegram channel.
The Ministry of Culture and Information Policy of Ukraine will propose to create a council for the creative economy development at the Cabinet of Ministers.
25 January 2021
In 2020, Ukrainian exports to the Socialist Republic of Vietnam (SRV) increased by 92%, to USD 184.5 million. The countries agreed to resume work on a free trade agreement (FTA).
The entry of the International Finance Corporation (IFC) into the authorized capital of Ukraine's state-owned bank Ukrgasbank is a big step to reduce the role of the state in the economy and will be an important indicator for investors, according to Prime Minister Denys Shmyhal.
The International Finance Corporation (IFC) will provide a EUR 30 million loan to Ukrgasbank with the possibility of its further conversion into the authorized capital, according to Ukrainian President Volodymyr Zelensky.