Minister Nemchinov: Esports should become part of Ukraine's economy
Esports should become part of Ukraine's economy as competitions and game development can replenish the state budget.
Economy
05 August 2020
SkyUp continues to perform Kyiv-Zaporizhzhia,-Odesa flights till end of October
Ukrainian SkyUp Airlines has extended its summer flight program until the end of October.
Ukraine spent UAH 1.3B to fight COVID-19 in July
In July, Ukraine spent UAH 1.3 billion on the purchase of goods and services to combat COVID-19, according to the press service of the Finance Ministry.
Demand for used cars in Ukraine grows by 43% in July - Ukrautoprom
The Ukrainian market for used passenger cars grew by 43% in July 2020 year-on-year, to 34,300 cars, the Ukrainian Motor Vehicle Manufacturers Association (Ukrautoprom) has reported.
Foreign companies store over 5 bcm of gas in Ukrainian underground storage facilities
Foreign companies store more than 5 billion cubic meters of gas in the Ukrainian underground gas storage facilities.
PM Shmyhal hands over cars for Ukrposhta mobile offices
Ukraine’s state-owned postal operator Ukrposhta is implementing a project of mobile offices and next year it will have 2,000 cars for this.
PM Shmyhal hands over cars for Ukrposhta mobile offices
Ukraine’s state-owned postal operator Ukrposhta is implementing a project of mobile offices and next year it will have 2,000 cars for this.
DCH, Chinese investors to jointly develop Motor Sich
Representatives of the DCH group, owned by Oleksandr Yaroslavsky, have reached an agreement with Chinese investors representing Skyrizon Aircraft Holdings Limited on the joint development of Motor Sich, according to a statement posted on the group's official website.
NBU will make apolitical and economically motivated decisions - Shevchenko
The National Bank of Ukraine (NBU) will remain an independent institution that will make apolitical and economically motivated decisions and will continue to be a predictable and consistent partner to the banking community, NBU Governor Kyrylo Shevchenko has said.
04 August 2020
Odesa Portside Plant reports UAH 336M in net profit in Q2 2020
JSC Odesa Port Plant received a net profit of UAH 336.6 million in the second quarter of 2020, the plant's press service has reported.
MP Tretyakova: Funded pension plan should be introduced in Ukraine
Halyna Tretyakova, Chair of the Verkhovna Rada Committee on Social Policy and Protection of Veterans' Rights, believes that the funded pension plan should be introduced in Ukraine.
Ukraine’s steel production decreased by 6.7% in 2020
In January-July 2020, steel production in Ukraine decreased by 6.7% to 11.87 million tonnes compared to the same period last year, Ukrmetalurgprom Association of Enterprises reports.
Number of registered unemployed persons not growing in Ukraine
The Ministry of Economic Development, Trade, and Agriculture of Ukraine recorded a cessation of growth in the number of registered unemployed persons.
Occupancy rate on SkyUp’s domestic flights is 62%
Domestic flights of the Ukrainian airline SkyUp Airlines, launched at the end of June, are at 62% capacity, according to the airline's press service.
Economic Development Ministry: Partial unemployment benefits program saves 357 thousand jobs
As of August 3, the authorities made payments through employment centers and saved the jobs of more than 357,000 Ukrainians, including 174,500 self-employed persons.
Ukraine’s exports of grains and legumes decreased by 36%
Since the beginning of the 2020/2021 marketing year (MY), which started on July 1, Ukraine exported 2.5 million tonnes of grain crops and legumes, which is 36.3% less than on the same date of the 2019/2020 MY.
Bondarenko resigns as director of NBU's communications department
Natalia Bondarenko resigned as director of the communications department of the National Bank of Ukraine (NBU) on August 3, the NBU's press service has reported.
NBU bought $38M on interbank market last week
The National Bank of Ukraine (NBU) bought $38 million on the interbank foreign exchange market last week, according to the data from the NBU.
Ukraine lifts ban on exports of masks, respirators
The ban on the export of personal protective equipment, which was in effect in Ukraine due to coronavirus, has been lifted.
03 August 2020
Ukraine cuts electricity imports by 30 times in H1 2020
In January-June 2020, Ukraine’s electricity imports decreased by 30 times compared to the previous year, while exports – by 6.8 times.
Ukraine has harvested about 27 M tonnes of grain already
As of July 30, Ukraine harvested about 27 million tonnes of grain and legumes.
President urges Government to ensure effective economic support for Ukrainians
President of Ukraine Volodymyr Zelensky asks Economic Development, Trade, and Agriculture Minister Ihor Petrashko to report on the economic measures taken to help Ukrainians overcome the negative impact of coronavirus pandemic.
Ukraine’s meat exports fall by 12 percent
In the first half of 2020, Ukraine’s exports of meat products fell by 12% compared to the same period last year, down to $319 million.
UIA to perform special flights to Miami, New York on Aug 3-7
Ukraine International Airlines (UIA) will perform special flights from Kyiv to Miami and New York (the United States) and back from August 3 to 7, UIA's press service has told Ukrinform.
Solvent banks get almost UAH 24B in net profit in H1 2020
Ukraine's solvent banks received UAH 23.8 billion in net profit in the first half of 2020, or 23% down from the same period of 2019, according to a statement posted on the website of the National Bank of Ukraine (NBU).
Turkish Airlines resumes flights to Kharkiv
On Sunday, August 2, Turkey’s national flag carrier airline Turkish Airlines resumed direct scheduled flights to the Ukrainian city of Kharkiv.
31 July 2020
Infrastructure Ministry interested in resuming work of Ukrainian-Italian council for economic cooperation - Kryklii
The Ukrainian Infrastructure Ministry is interested in resuming the work of the Ukrainian-Italian Council for Economic, Industrial and Financial Cooperation, Infrastructure Minister Vladyslav Kryklii has said.
Stefanishyna: Ukraine plans to modernize ten crossing points on border with EU
The Government of Ukraine has identified key problematic issues related to functioning of crossing points on the border with the EU.
NBU allows Yaroslavsky to acquire Bank Credit Dnipro
The National Bank of Ukraine (NBU) has allowed businessman Oleksandr Yaroslavsky to acquire a significant stake in JSC Bank Credit Dnipro, the NBU's press service has reported.
Ukraine's economy to shrink by 6% this year – National Bank
Ukraine's economy will contract by 6% by the end of 2020, but from next year it is expected to grow by 4%, according to the quarterly NBU Inflation Report for July 2020.
President signs law to support ‘green’ energy
President Volodymyr Zelensky has signed a law on improving the conditions for supporting the production of electricity from alternative energy sources.
30 July 2020
Ryanair to launch two new flights from Odesa
The Irish low-cost airline Ryanair has added two new flights from Odesa to Athens and Barcelona to its schedule and booking system, according to Avianews.
NBU ready to sign memorandum with IFC
The National Bank of Ukraine (NBU) is ready to sign a memorandum of understanding with the International Finance Corporation (IFC) regarding financial inclusion in Ukraine.
Petrashko, European Commission representative discuss cooperation to stimulate economy
Minister of Economic Development, Trade and Agriculture of Ukraine Ihor Petrashko and representative of the European Commission Katarína Mathernová discussed cooperation to stimulate the Ukrainian economy.
29 July 2020
Ukraine initiates talks on preferential trade agreement with Egypt
Ukraine has offered Egypt a new format for economic cooperation and the possibility of signing a bilateral preferential trade agreement, the press service of the Ukrainian Foreign Ministry has reported.
PM Shmyhal: It’s critical to build up export potential of Ukraine
It is critical to build up the export potential of Ukraine, Prime Minister of Ukraine Denys Shmyhal emphasized during a sitting of the Cabinet of Ministers on July 29.
Economic Development Ministry: Ukraine's economy to grow by 4.6 percent in 2021
The Ministry of Economic Development, Trade, and Agriculture of Ukraine forecasts GDP growth of 4.6% with inflation at the level of 7.3% in 2021.
Ukraine’s oilseeds exports fall by 47.4 percent
In the first half of 2020, exports of oilseeds from Ukraine totaled USD 326 million, down 47.4% compared to the same period in 2019.
PM Shmyhal expects about USD 1B in budget revenues from large privatization
Prime Minister of Ukraine Denys Shmyhal has announced positive expectations from large-scale privatization in the coming years.
Canadian investment facilitation initiative to be implemented in Cherkasy region
Cherkasy region has become a pilot region for the implementation of the Canadian government-funded initiative for investment facilitation.
Canadian investment facilitation initiative to be implemented in Cherkasy region
Cherkasy region has become a pilot region for the implementation of the Canadian government-funded initiative for investment facilitation.
Romania, Poland issue additional permits to Ukrainian carriers
The Ministry of Transport, Infrastructure and Communications of Romania has handed over 8,000 additional permit forms for Ukrainian road carriers for 2020.
Ukraine expects to cut air services three-fold this year – Kryklii
Ukraine expects a reduction in air service by three times by the end of the year compared to last year, Infrastructure Minister of Ukraine Vladyslav Kryklii has said.
28 July 2020
Ukraine climbs to ninth place in world pig iron production
Ukraine climbed to ninth place in world pig iron production and dropped to 13th place in world steel production in the first half of 2020, according to figures from the World Steel Association (worldsteel).
Government not discussing exchange rate of UAH 30 per U.S. dollar with NBU - Shmyhal
The Cabinet of Ministers and the National Bank of Ukraine (NBU) are working to maintain exchange rate and price stability in the country, Ukrainian Prime Minister Denys Shmyhal has said.
Ukraine already spent about 10% of ‘coronavirus’ funds – PM
Ukraine has already spent about 10% of budget funds allocated for the fight against coronavirus and its consequences.
Ukraine, EU to discuss updating of Association Agreement in autumn
Ukraine and the European Union will discuss political and legal aspects of updating the Ukraine-EU Association Agreement this autumn.
Ukrainian celebrities declare almost UAH 766M in income for 2019
Ukrainian celebrities have declared almost UAH 766 million in income received in 2019, the press office of the Ukrainian State Tax Service has reported.
SkyUp Airlines intends to replenish fleet with two planes by year-end
Ukrainian SkyUp Airlines plans to receive two more aircraft from lessors by the end of 2020.
Bill on free economic zones in mining areas being prepared
A bill on the creation of free economic zones in mining areas of Ukraine is being prepared.
27 July 2020
Germany believes that Ukraine should remain gas transit country even with Nord Stream 2
Germany continues to consider the Nord Stream 2 gas pipeline project economically viable and justified, but stresses the need to maintain Ukraine's transit role.
Naftogaz not interested in development of thermal power plants - Buslavets
NJSC Naftogaz of Ukraine is not interested in the development of thermal power plants, Acting Energy Minister Olha Buslavets has said.
Minister Petrashko: Agricultural sector development, industry recovery to stimulate economic growth
Industry recovery, agricultural sector development, and investment attraction are the three main elements that can stimulate economic growth in Ukraine.
25 July 2020
Ukraine has harvested 20.6 mln tonnes of grain already
As of July 23, Ukraine harvested 20.6 million tonnes of grain and legumes.
Minister Chernyshov: ‘Great Construction’ project is important regional development tool
The “Great Construction” presidential project is an important tool of regional development.
24 July 2020
Ukrainian president assures EBRD leadership of central bank independence
Ukrainian President Volodymyr Zelensky has assured the leadership of the European Bank for Reconstruction and Development that the policy of the National Bank of Ukraine (NBU) will remain effective and independent following Kyrylo Shevchenko's appointment as the new NBU governor.
EBRD confirms support for Ukrainian reforms
Acting President of the European Bank for Reconstruction and Development (EBRD) Jürgen Rigterink has confirmed support for the reform program of Ukraine and congratulated Kyiv on the signing of a loan agreement with the EU.
Zelensky calls on EBRD to finance infrastructure projects, join privatization process
Ukrainian President Volodymyr Zelensky has called on the European Bank for Reconstruction and Development to continue cooperating with Ukraine on financing infrastructure projects and to join privatization.
Ukraine-China cooperation commission meeting to be held this year, Vice PM Stefanishyna hopes
Vice Prime Minister for European and Euro-Atlantic Integration of Ukraine Olha Stefanishyna hopes that the Ukraine-China cooperation commission meeting will be held in Beijing by the end of this year.