PM: Ukraine fulfills all conditions for receiving second tranche of EU’s macro-financial aid in spring
Ukraine fulfills all the conditions for receiving the second tranche of macro-financial assistance from the European Commission this spring.
Economy
Ukraine passed through economic crisis with minimum losses – Shmyhal
Ukraine has passed through the economic crisis with minimum losses compared to other European countries, Ukrainian Prime Minister Denys Shmyhal has said.
Belgium is Ukraine’s important trade and investment partner – Shmyhal
Belgium is an important international trade and investment partner of Ukraine, Prime Minister Denys Shmyhal has said.
Energoatom paid EUR 12.5M to Westinghouse for nuclear fuel
Ukraine's National Nuclear Energy Generating Company Energoatom paid EUR 12.5 million to Westinghouse Electric Sweden AB under current financial obligations, the press service of Energoatom reports.
Higher education institutions received UAH 241M from deposit funds’ placement in 2020
Ukrainian higher education institutions received UAH 241 million of income from the placement of deposit funds in 2020, the press service of the Finance Ministry reports.
NBU to stress test 30 banks in 2021
The National Bank of Ukraine (NBU) has determined the list of banks that will undergo stress testing in 2021, the central bank’s press service reports.
Deposits of individuals in Deposit Guarantee Fund’s banks grew by UAH 133B in 2020
The total amount of deposits of individuals in banks-participants of the Deposit Guarantee Fund of Ukraine grew by UAH 133.12 billion during 2020, according to the Fund’s press service.
Ukraine may receive a $90M loan from World Bank for Covid-19 vaccination
Ukraine’s Finance Ministry, Health Ministry and the World Bank are working on the possible implementation of the project "Emergency Response Plan for the Covid-19 Pandemic and Vaccination in Ukraine", which provides for a $90 million loan for Ukraine, the Finance Ministry’s press service reports.
Finance Ministry attracts UAH 13B to state budget from government bonds’ sale
On February 9, 2021, the Ukrainian Finance Ministry raised UAH 13.08 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.
Average salary in December 2020 amounted to over UAH 13,300 – Pension Fund
The average salary in December 2020 in Ukraine amounted to UAH 13,320, according to the Pension Fund of Ukraine.
09 February 2021
SkyUp plans to launch flights to seven more countries in summer
Ukraine's SkyUp Airlines will expand its flight map with seven new countries in summer, the airline’s press service reports.
Russia expands economic sanctions against Ukraine
The Russian government has expanded the list of railway products banned for import from Ukraine.
Heating and hot water tariffs will not increase – govt’s memorandum with local authorities
The government and local authorities have reached an agreement that tariffs for heating and hot water in Ukraine will not increase until the end of the heating season.
Economy Ministry expects Ukraine's GDP growth by 11% in Q2 2021
The Ministry of Economic Development, Trade and Agriculture of Ukraine expects the country’s gross domestic product (GDP) to grow by 11% in the second quarter of 2021.
Government to launch ‘Affordable Mortgage’ program in March – Shmyhal
The Ukrainian government will launch the Affordable Mortgage program in March 2021, which will simplify access to mortgages and offer a rate of up to 7%.
Decline in Ukraine's GDP in 2020 was 4.2% – Petrashko
The fall in the gross domestic product (GDP) of Ukraine in 2020 amounted to 4.2%, Minister of Economic Development, Trade and Agriculture Ihor Petrashko has said.
Defined contribution pension system an important task for government - Shmyhal
The introduction of a defined contribution pension system is an important task for the government, as it will allow Ukrainians to receive good pensions in the future and will support the economy, according to Ukrainian Prime Minister Denys Shmyhal.
Government paid UAH 15.8B worth of unemployment benefits since quarantine began
The government has paid UAH 15.8 billion worth of unemployment benefits to Ukrainians since the beginning of the coronavirus quarantine.
08 February 2021
Ukraine joins Committee on World Food Security
Ukraine has joined the UN Committee on World Food Security (CFS), the Ukrainian Foreign Ministry has reported.
Ukrgasbank issued UAH 450M worth of housing loans in past seven months
JSB Ukrgasbank has issued over UAH 450 million worth of housing loans to Ukrainians since July 2020, the bank’s press service reports.
NBU provides refinancing to four banks for UAH 440M
The National Bank of Ukraine (NBU) provided a total of UAH 440 million in refinancing to four banks, the central bank’s press service reported.
Kuleba: We cannot allow any steps that will destroy Motor Sich
Ukraine cannot allow any steps that will destroy the efficient Motor Sich enterprise, which has a huge social burden, Ukrainian Foreign Minister Dmytro Kuleba has said in an interview with Radio Free Europe/Radio Liberty.
06 February 2021
Ukraine’s coffee imports grow by 63% over five years
Over the past five years, Ukraine’s coffee imports have grown by 63%. In 2020, it reached 48.4 thousand tonnes for a total amount of USD 166.1 million, according to the Ukrainian Agribusiness Club Association (UCAB).
SkyUp to launch flights to Poland’s Lodz and Katowice this spring
Ukraine's SkyUp Airlines plans to launch Kyiv-Lodz-Kyiv, Lviv-Lodz-Lviv, and Kyiv-Katowice-Kyiv flights this spring, the airline’s press service reports.
PM Shmyhal, German energy sector representatives discuss European Green Deal
Ukraine has chosen a European Green Deal strategy and has all the necessary tools to implement it, Prime Minister Denys Shmyhal has said.
05 February 2021
Ukraine's international reserves down 1.1% in Jan - NBU
Ukraine's international reserves shrank by 1.1% in January 2021, to $28.821 billion, the press service of the National Bank of Ukraine (NBU) has reported.
Number of nonbank market participants in Ukraine decreased in January - NBU
As of January 31, 2021, there were 73 banks and 2,006 participants in the nonbank financial services market in Ukraine, the press service of the National Bank of Ukraine (NBU) reports.
Share of non-performing loans in Ukrainian banks decreased to 41%
In 2020, the share of non-performing loans (NPLs) in the Ukrainian banking sector decreased to 41% (as of January 1, 2021) from 48.4% (as of January 1, 2020), the press service of the National Bank of Ukraine (NBU) reports.
Ukraine’s energy system to be integrated with European one in 2023 – Shmyhal
The energy system of Ukraine will be integrated with the pan-European energy system, ENTSO-E, in 2023, Prime Minister of Ukraine Denys Shmyhal has said.
Ukraine intends to invest more than UAH 6B in mineral resource base development until 2030
The Cabinet of Ministers is planning to invest UAH 2.76 billion in the development of the mineral resource base in the next four years and another UAH 3.53 billion in the period from 2026 to 2030.
NBU increases annual e-limit on some foreign transactions by individuals to EUR 200,000
The National Bank of Ukraine (NBU) decided to increase to EUR 200,000 the e-limit on some foreign exchange transactions by individuals to transfer funds abroad or into accounts that nonresident legal entities have opened in Ukraine. The ruling comes into effect on February 5, 2021.
Zelensky dismisses Protsyshen as state commissioner of AMCU
President of Ukraine Volodymyr Zelensky has dismissed Maria Protsyshen from the post of state commissioner of the Antimonopoly Committee of Ukraine (AMCU).
IMF does not reveal date of disbursing next tranche for Ukraine
The International Monetary Fund (IMF) will define economic development policies and reforms being carried out in Ukraine in order to complete its review and decide on the date of disbursing the next tranche under the current stand-by program.
04 February 2021
Ukraine’s local budgets received UAH 130.6M in tourist tax revenues in 2020
Ukraine’s local budgets received UAH 130.6 million in revenues from tourist tax in 2020. Kyiv became the leader with UAH 34.7 million in tourist tax revenues.
PM: Increasing gas production is Ukraine's strategic goal for next five years
Increasing gas production to fully meet the domestic needs of the state is a strategic goal of Ukraine for the next five years.
Ukraine, Romania have mutual interests in energy sector - Shmyhal
Ukrainian Prime Minister Denys Shmyhal has said that Ukraine and Romania have mutual interests in the energy sector, so it is important to develop cooperation in this area.
Government to stimulate programs to cut financial resource cost for business - Shmyhal
Prime Minister Denys Shmyhal says that in order to accelerate economic growth, the Ukrainian government will continue to stimulate government programs aimed at facilitating access to financial resources.
Ukraine, Turkey aim to increase bilateral trade up to USD 10B a year
The volume of bilateral trade between Ukraine and Turkey for nine months of 2020 amounted to USD 3.7 billion, but the countries seek to increase it to USD 10 billion a year.
Shmyhal: Heads of some regional customs offices to be replaced soon
Prime Minister of Ukraine Denys Shmyhal has said that heads of some regional customs offices will be replaced soon.
Ukraine increases gas extraction from underground storage facilities
In January 2021, Ukraine extracted 2.6 billion cubic meters of gas from its underground gas storage facilities (UGS), which is 33% higher than in January 2020, according to the press service of JSC Ukrtransgaz.
Energy Ministry, South Korea's corporation to introduce ‘smart grids’ in Ukraine’s energy sector
Ukraine is planning to enhance cooperation with KT Corporation, South Korea's largest telecommunications company, to implement smart grid technologies in the Ukrainian energy sector.
03 February 2021
Ukraine's trade turnover in January 2021 amounted to USD 8.14B
Ukraine's trade turnover in January 2021 amounted to USD 8.14 billion, which is USD 140 million less than in the same period last year (it was USD 8.28 billion in January 2020), according to data provided by the State Customs Service of Ukraine.
Common aviation area agreement to be signed soon – Maasikas
Head of the EU Delegation to Ukraine Matti Maasikas has announced the signing of the Common Aviation Area Agreement between Ukraine and the European Union in the near future.
EU ambassador calls on Ukraine not to adopt bill on localization
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.
Ministry of Economic Development updating Export Strategy of Ukraine
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.
Digitalization of economy to contribute to development of all industries – PM
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 imposes sanctions against two airlines for flights to Russian-occupied Crimea
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.
Ukraine’s new commercial vehicle market grew by 6% in January
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.
Deposit Guarantee Fund, WOCCU sign memorandum of cooperation
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.
President's Office outlines main tasks of Ukraine's economic diplomacy
Increasing Ukrainian exports, attracting investments and promoting the tourism potential of Ukraine are the main tasks of Ukraine's economic diplomacy.
U.S. not ruling out sanctions against Nord Stream 2 - State Department
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.
Ukraine signs protocol on avoidance of double taxation with Denmark
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.
Finance Ministry attracts UAH 5.3B to state budget from government bonds’ sale
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
Fedorov: Digital economy is important component of National Economic Strategy until 2030
The digital economy is an important vector of the National Economic Strategy of Ukraine until 2030.
Ukraine, IMF discussing creation of special financial court - Shevchenko
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.
Oschadbank issued auto loans worth over UAH 1.9B in 2020
In 2020, JSC Oschadbank issued almost 4,000 auto loans for a total sum of more than UAH 1.9 billion.
State budget’s general fund received UAH 57.6B in January – Finance Ministry
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.
NBU governor: Ukraine expects to receive about $2.2 B from IMF this year
This year, Ukraine expects to receive three tranches from the International Monetary Fund to the tune about $ 2.2 billion.
Ukrainian miners produced 2.57M tonnes of coal in January
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.