Macroeconomic conditions in Ukraine allow the National Bank to continue to reduce the discount rate, according to NBU Governor Yakiv Smolii.
Ukraine's gross domestic product may contract by 4.5% this year due to the severe consequences of the coronavirus pandemic, the European Bank for Reconstruction and Development (EBRD) has said in a press release.
Confidence in the National Bank of Ukraine (NBU) has more than doubled in March-April 2020.
Monetary resources of the fund for fight against coronavirus were spent on pension reform, unemployment benefits, additional payments to self-employed persons with children, as well as additional purchases for hospitals and salaries for doctors.
The Deposit Guarantee Fund last week sold insolvent banks' assets worth UAH 58.97 million, the fund's press service reported.
The Deposit Guarantee Fund of Ukraine has completed the liquidation of PJSC Ukrbusinessbank, according to the Fund’s press service.
Consumer inflation in Ukraine in April 2020 slowed to 2.1% year-on-year, the press service of the National Bank of Ukraine (NBU) has reported.
The Finance Ministry of Ukraine attracted over UAH 19.4 billion to the state budget from the sale of government domestic loan bonds on May 12, 2020.
The Cabinet of Ministers does not plan to increase the electricity tariff for the population in 2020, according to Prime Minister Denys Shmyhal.
12 May 2020
During a video conference with German Chancellor Angela Merkel, Ukrainian Prime Minister Denys Shmyhal raised the issue of obtaining an industrial visa-free regime with the European Union and joining NATO's Enhanced Opportunities Partnership (EOP).
Prime Minister Denys Shmyhal expects that Ukraine will sign a memorandum of cooperation with the International Monetary Fund (IMF) by the end of May.
Ukraine's banking sector saw its profit grow by 23.8% in the first quarter of 2020 year-on-year, to UAH 16 billion, the press service of the National Bank of Ukraine (NBU) has reported.
In 2019, the volume of trade between Ukraine and Turkey reached USD 4.973 billion, which is 22.3% more than in 2018. In terms of grain crops, the growth index reached 289%.
In the context of the COVID-19 pandemic, which has a large-scale impact on the global economy, as well as on economic and trade bilateral relations, Turkish and Ukrainian businessmen are looking for ways and algorithms for the active restoration of contacts.