NBU to continue lowering discount rate – Smolii
Macroeconomic conditions in Ukraine allow the National Bank to continue to reduce the discount rate, according to NBU Governor Yakiv Smolii.
Economy
Ukrainian economy may contract by 4.5% due to coronavirus - EBRD
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.
Trust in Ukraine’s National Bank doubles during quarantine – Smolii
Confidence in the National Bank of Ukraine (NBU) has more than doubled in March-April 2020.
Shmyhal reports on coronavirus fund expenditures
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.
Deposit Guarantee Fund sold insolvent banks’ assets worth almost UAH 59 mln
The Deposit Guarantee Fund last week sold insolvent banks' assets worth UAH 58.97 million, the fund's press service reported.
Deposit Guarantee Fund completes liquidation of another bank
The Deposit Guarantee Fund of Ukraine has completed the liquidation of PJSC Ukrbusinessbank, according to the Fund’s press service.
Inflation in Ukraine slowed to 2.1% in April - NBU
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.
Finance Ministry replenishes state budget with UAH 19.4 bln
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.
Electricity prices for population to remain unchanged in 2020 – PM Shmyhal
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
Shmyhal, Merkel discuss possibility of obtaining industrial visa-free regime with EU
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).
Ukrainian PM expects memorandum with IMF to be signed by end of May
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 posts UAH 16 bln profit in Q1, 2020 - NBU
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.
Ukraine-Turkey trade grows by over 22% last year
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%.
Consultations on economic cooperation with Ukraine held in Turkey
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.