Verkhovna Rada amends law on concession
The Verkhovna Rada of Ukraine approved at second reading and as a whole the bill on postponing the introduction of the Electronic Trading System (ETS) for concession tenders until September 1, 2021.
Economy
Mariupol Sea Port increases volumes of cargo transshipment by 11%
In January-November 2020, Mariupol Sea Commercial Port increased the volumes of cargo transshipment by 11.2% or almost 600,000 tonnes – from 5.150 million to 5.725 million tonnes, the port’s press service wrote on its Facebook page.
01 December 2020
Ukraine, Brazil agree on cooperation in defense industry
First Deputy Minister for Strategic Industries of Ukraine Valeriy Ivashchenko and Deputy Defense Minister of Brazil Marcos Rosas Degaut Pontes have signed a memorandum of understanding.
EU shows interest in Ukraine’s extractive industry – Economy Ministry
The European Union has expressed interest in the extractive industry of Ukraine, and believes that Ukraine can become a reliable partner in the supply of raw materials and processed products.
Ukraine already harvested 62.5M tonnes of grain and leguminous crops
As of November 30, Ukrainian farmers harvested 62.5 million tonnes of grain and leguminous crops from an area of 15 million hectares, or 98% of the planted area, according to the press service of the Ministry for Development of Economy, Trade and Agriculture.
Shmyhal: Ukraine and Turkey are one step away from doubling trade
Ukraine-Turkey bilateral relations have gained momentum and open up opportunities for doubling trade and increasing investment.
State Customs Service exceeds revenue plan in November
The State Customs Service of Ukraine transferred UAH 35.86 billion in revenues from customs payments to the state budget in November 2020, according to the agency’s press service.
Parliament postpones mandatory use of registrars of settlement transactions
The Verkhovna Rada of Ukraine has approved as a basis and as a whole the law postponing mandatory use of registrars of settlement transactions for some individual entrepreneurs for the period of one year.
Ukraine’s pensions to grow from Dec. 1
Due to the increase in the living wage, pensions and some social benefits in Ukraine will grow from December 1, 2020.
Khmelnytskoblenergo, South Korea's KT Corporation to cooperate on smart grid technologies
Ukraine's state-owned electricity distribution service operator Khmelnytskoblenergo and South Korea's telecommunications service provider KT Corporation intend to collaborate in developing an advanced metering infrastructure project in Ukraine, Khmelnytskoblenergo has said in a press release.
PM Shmyhal announces ‘major privatization’ for 2021, invites Turkish investors
Ukraine offers Turkish companies great potential in the field of infrastructure projects, seaports and telecommunications, in the privatization of state-owned companies of energy, chemical and machinery industries.
PM Shmyhal, vice president of Turkey discuss joint investment projects
As part of an official visit to the Republic of Turkey, Prime Minister of Ukraine Denys Shmyhal has met with Vice President of Turkey Fuat Oktay.
Ukraine’s construction output grew by 2% in Jan-Oct 2020
In January-October 2020, Ukraine’s construction output grew by 1.9% compared to the relevant period last year, according to the data provided by the State Statistics Service of Ukraine.
30 November 2020
Ukrzaliznytsia joins First Lady's 'Business without Barriers' initiative
Ukraine's state rail operator Ukrzaliznytsia has joined First Lady Olena Zelenska's initiative to sign a declaration "Business without Barriers" between major Ukrainian and international companies so as to make travel accessible to all citizens, the company has reported on its Facebook page.
Arakhamiya: Verkhovna Rada to consider state budget for 2021 next week
The Verkhovna Rada of Ukraine plans to consider the draft state budget for 2021 at a special meeting next week.
Ukraine interested in implementing investment projects with Turkish companies
Ukraine is interested in developing mutually beneficial investment cooperation with Turkey, Infrastructure Minister of Ukraine Vladyslav Kryklii said at a round table meeting with leading Turkish companies.
G7 Ambassadors comment on privatization of state-owned assets in Ukraine
During a meeting with the head of the State Property Fund of Ukraine, the G7 Ambassadors reaffirmed their support for the transparent and fair privatization of state-owned assets.
PM Shmyhal meets with Turkish minister of industry and technology
As part of a working visit to the Republic of Turkey, Prime Minister of Ukraine Denys Shmyhal met Minister of Industry and Technology of the Republic of Turkey Mustafa Varank.
PM Shmyhal meets with representatives of leading Turkish companies
As part of a working visit to the Republic of Turkey, Prime Minister of Ukraine Denys Shmyhal met with top Turkish companies with a total investment portfolio of USD 5 billion.
PM Shmyhal meets with representatives of leading Turkish companies
As part of a working visit to the Republic of Turkey, Prime Minister of Ukraine Denys Shmyhal met with top Turkish companies with a total investment portfolio of USD 5 billion.
28 November 2020
Ukraine, Estonia sign agreement on financial cooperation
Prime Minister of Ukraine Denys Shmyhal and Prime Minister of the Republic of Estonia Jüri Ratas have signed an intergovernmental agreement on technical and financial cooperation.
Drop in Ukraine’s GDP should not exceed 5% at year-end – Kovaliv
A decline in Ukraine’s GDP at the end of 2020 should not exceed 5%, according to Deputy Head of the President’s Office Yulia Kovaliv.
27 November 2020
Ukraine's First Lady initiates signing of declaration to remove barriers in business
Ukraine's First Lady Olena Zelenska has initiated the signing of the "Business without Barriers" declaration between large Ukrainian and international companies, the presidential press service has reported.
Transit is only optimal utilization of Ukrainian GTS
Ukraine’s gas transmission system was built for gas transmission, and transit is currently the only way to use it optimally.
Foreign Ministry promotes deepening of business ties between Ukraine and Brazil
A video conference of the Ukrainian Chamber of Commerce and Industry with Brazilian business associations has been held with the assistance of the Ukrainian Foreign Ministry.
Finance Ministry expects 2021 state budget to be approved by mid-December
The Finance Ministry of Ukraine expects that the state budget for 2021 will be approved by mid-December.
EBA launches education program for small businesses
The European Business Association (EBA), together with Raiffeisen Bank Aval and VISA, is launching an online education program for small businesses, according to the EBA press service.
Zelensky proposes allocating money from COVID-19 fund to support businesses
Ukrainian President Volodymyr Zelensky has registered in the Verkhovna Rada a bill proposing to allocate money from the Fund to Combat COVID-19 to support entrepreneurs and employees.
Government revised budget deficit for 2021 - PM Shmyhal
Ukraine's draft state budget for 2021 envisages a reduction in the budget deficit from 6% to 5.5%.
Cabinet of Ministers approves 2021 draft state budget for second reading
The Cabinet of Ministers has approved a draft law on the 2021 state budget for second reading.
26 November 2020
Zelensky tables bill to support businesses during lockdown
Ukrainian President Volodymyr Zelensky has registered in the Verkhovna Rada the bill No. 4429 "On Social Support for Insured Persons and Business Entities for the Period of Restrictive Anti-Epidemic Measures Introduced to Prevent the Spread in Ukraine of the Acute Respiratory Disease COVID-19 Caused by the Coronavirus SARS-Co V-2," according to the website of the Ukrainian parliament.
Zelensky inspects facilities included in Great Construction program in Dnipropetrovsk region
During a working trip to Dnipropetrovsk region, President Volodymyr Zelensky inspected the construction of a southern bypass road around the city of Dnipro, which is being carried out within the framework of the Great Construction national program.
Qatari Businessmen Association ready for cooperation with Ukrainian counterparts
On November 26, Ukraine’s Ambassador to the State of Qatar Andrii Kuzmenko held a meeting with H.E. Faisal Bin Qassim Al Thani, chairman of Qatari Businessmen Association and owner of the largest private industrial investment holding "Al Faisal Holding".
Ukrainian Finance Ministry optimistic about further cooperation with IMF
The Ukrainian Finance Ministry is optimistic about Ukraine's further cooperation with the International Monetary Fund and other strategic partners, according to Finance Minister Serhiy Marchenko.
Kyiv-Skopje flights to be launched from Dec. 6 – embassy
Flights between Kyiv and Skopje, the capital of North Macedonia, will start performing from December 6, according to the Ukrainian Embassy in the Republic of North Macedonia.
Energy Ministry: Concept for reforming coal regions submitted to government
The Energy Ministry has submitted a concept for reforming coal regions to the government for approval.
Deposits of individuals in Deposit Guarantee Fund’s banks grew by UAH 7.67B in October
The total amount of deposits of individuals in banks-participants of the Deposit Guarantee Fund of Ukraine amounted to UAH 575.66 billion as of November 1, 2020, according to the Fund’s press service.
Sales of services in Ukraine decreased by 5.5% in Q3 2020
Services worth UAH 238.3 billion were sold in Ukraine in the third quarter of 2020, which is 5.5% less than in the relevant period of 2019, according to the State Statistics Service.
Finance Ministry completes discussions with IMF on draft 2021 budget
The Finance Ministry of Ukraine has completed discussions with the International Monetary Fund (IMF) on the main parameters of a draft state budget for 2021, which was one of the main prerequisites for starting the first revision of the IMF Stand-by Program, setting up the mission date of the IMF European Department and receiving another tranche.
Naftogaz: Gas price for population in December to remain the same
NJSC Naftogaz of Ukraine, a gas supply company, will not raise the gas price for households in December 2020, according to the company’s press service.
25 November 2020
Ukrainian diplomats forecast 20 percent increase in exports to South Korea
The Embassy of Ukraine in the Republic of Korea forecasts a 20 percent increase in Ukrainian exports to this country and equalization of the negative trade balance which currently stands at $15 million.
Government allows Naftogaz to develop sea shelf
The Cabinet of Ministers has transferred to Naftogaz of Ukraine a section of the sea shelf for the development of oil and gas fields without an auction.
Oschadbank provides more than UAH 1.2B under ‘Affordable Loans’ program
Since the beginning of the state program "Affordable Loans at 5-7-9%", JSC Oschadbank has issued 846 loans for a total sum of UAH 1.23 billion to entrepreneurs, according to the bank’s press service.
Almost UAH 14B of unemployment benefits paid during quarantine in Ukraine
Since the beginning of the coronavirus quarantine, almost UAH 14 billion has been paid to persons eligible for unemployment or partial unemployment benefits in Ukraine, according to the Ministry for Development of Economy, Trade and Agriculture.
Ukraine to impose 16.08% duty on imports of steel products from Belarus
Ukraine will impose in a week a special duty of 16.08% on imports of steel products from Belarus in response to discriminatory and unfriendly actions by Belarus against Ukrainian steel producers.
UkraineInvest presents investment opportunities for Danish companies in Ukraine
UkraineInvest team has presented investment opportunities for Danish companies in Ukraine.
Ukrtransnafta increased oil transportation in January-October 2020
JSC Ukrtransnafta transported 13.2 million tonnes of oil in January-October 2020, which is 4.9% higher compared to the relevant period last year, the company’s press service reports.
Finance Ministry attracts UAH 16.8B to state budget from government bonds’ sale
On November 24, 2020, the Ukrainian Finance Ministry raised UAH 16.768 billion towards the state budget as a result of auctions on the placement of domestic government bonds, the ministry’s press service wrote on Facebook.
24 November 2020
Energy Ministry finalizing concept of reforming coal industry
The Energy Ministry of Ukraine is finalizing a concept of reforming the coal industry to submit the project for government approval.
Ukraine to deepen cooperation with BSEC - Kryklii
Ukraine will deepen cooperation within the Organization of the Black Sea Economic Cooperation (BSEC) to ensure the transportation of goods in the Black Sea region, according to Ukrainian Infrastructure Minister Vladyslav Kryklii.
SkyUp Airlines announces flights to Berlin
Ukraine’s SkyUp Airlines has announced its intention to launch Kyiv-Berlin-Kyiv flights in the spring of 2021, the airline's press service reports.
Great Construction program: 100 schools already built in Ukraine
The construction of 100 schools has already been completed in Ukraine as part of the Great Construction program.
Ukrainian farmers harvest grain and leguminous crops from 96% of planted area
As of November 23, Ukrainian farmers harvested 60.9 million tonnes of grain and leguminous crops from an area of 14.7 million hectares, or 96% of the forecast, according to the press service of the Ministry for Development of Economy, Trade and Agriculture.
Ukraine exported over 20M tonnes of grain in 2020/2021 MY
Since the 2020/2021 marketing year (MY) began (July 1-November 23), Ukraine has exported almost 20.2 million tonnes of grain, which is 3.2 million tonnes less compared with the same period last year.
FTA between Ukraine and Israel to come into effect on Jan. 1 – Zelensky
A free trade agreement (FTA) between Ukraine and Israel will take effect from January 1, 2021, Ukrainian President Volodymyr Zelensky has said.
NBU provides refinancing to two banks
The National Bank of Ukraine (NBU) provided UAH 600 million in refinancing to two banks on November 20, the NBU's press service reported.
Govt plans to raise USD 300M to modernize social support system
The Cabinet of Ministers approved a draft decree of the President of Ukraine on the composition of a Ukrainian delegation to take part in talks with the International Bank for Reconstruction and Development (IBRD) in order to obtain a USD 300 million loan to overcome the consequences of the COVID-19 pandemic, namely to modernize the social support system.
Ukraine’s retail trade turnover grows 7.3% - State Statistics Service
Retail trade turnover of retail trade enterprises in Ukraine grew by 7.3%, to UAH 697.98 billion, in January-October 2020 compared to the relevant period in 2019, according to the data provided by the State Statistics Service.
IMF evaluates tax policy in Ukraine
The International Monetary Fund (IMF) considers that Ukraine's current tax policy has been significantly updated in recent years, but it still needs proper improvement through the introduction of effective instruments.