Ukrzaliznytsia gets UAH 21M in net profit in Jan 2022
JSC Ukrzaliznytsia received a net profit of UAH 21.2 million in January 2022, according to the company’s press service.
Economy - Latest news
15 February 2022
Ukraine’s cast iron production decreased by 1.8% in Jan 2022
In January 2022, Ukraine’s cast iron production decreased by 1.8% compared with January 2020, Ukrinform reports, referring to the Ukrmetalurgprom Association.
Zelensky: Chancellor confirms Germany's intentions to support development of RES in Ukraine
President of Ukraine Volodymyr Zelensky said that German Chancellor Olaf Scholz had confirmed Germany's intention to financially support green energy initiatives in Ukraine.
Ukraine’s exports of goods grew by 38.4%, imports of services by 32.9% - statistics service
In 2021 compared to 2020, Ukraine’s imports of goods grew by 34.0% to $72.82 billion, exports - by 38.4% to $68.09 billion; Ukraine’s imports of services increased by 32.9% to $7.59 billion, exports - by 14.2% to $13.16 billion, according to the State Statistics Service.
President’s Office forecasts hryvnia stabilization within two-three months
The national currency exchange rate is expected to stabilize at UAH 27 per U.S. dollar within two or three months, according to the Ukrainian President’s Office.
U.S. offering Ukraine loan guarantee of up to $1B - Blinken
U.S. Secretary of State Antony Blinken has said the United States is offering Ukraine a sovereign loan guarantee of $1 billion loan to help Ukraine's economy.
14 February 2022
Zelensky, Scholz have ‘some differences’ in assessment of Nord Stream 2
President of Ukraine Volodymyr Zelensky said that he discussed the security risks posed by Nord Stream 2 with German Chancellor Olaf Scholz, noting they have "some differences in assessment."
Zelensky proposes holding fifth German-Ukrainian economic forum
Ukraine and Germany have promising areas for cooperation, so it would be important to hold the fifth German-Ukrainian economic forum in 2022, President Volodymyr Zelensky has said.
Germany provides EUR 150M loan in support of Ukraine - Scholz
German Chancellor Olaf Scholz has announced the disbursement of a EUR 150 million loan in support of Ukraine.
All types of motor fuel increased in price – statistics service
From January 2021 to January 2022, all types of motor fuel grew in price in Ukraine, according to the State Statistics Service.
Ukraine increases gas imports
Ukraine has imported 162 million cubic meters of natural gas since the beginning of February 2022, Gas Transmission System Operator of Ukraine (GTSOU) CEO Sergiy Makogon has posted on Facebook.
NBU provides more than UAH 1B in refinancing to five banks
The National Bank of Ukraine (NBU) provided UAH 1.045 billion in refinancing to five banks, Ukrinform reports, referring to the central bank’s press service.
President’s Office: Ukraine ready to undertake financial commitments for aircraft safety
Ukraine is ready to undertake financial commitments on flight safety in Ukrainian airspace.
13 February 2022
Govt allocates UAH 16.6B to guarantee flight safety in Ukraine's airspace – Shmyhal
The Cabinet of Ministers of Ukraine is allocating UAH 16.6 billion to guarantee the safety of flights in Ukraine's airspace, Prime Minister Denys Shmyhal has said.
11 February 2022
More than 94,000 land agreements registered in Ukraine
As of February 11, 2022, 94,265 agreements on the purchase and sale of agricultural land were registered in Ukraine, Ukrinform reports, referring to the press service of the Agrarian Policy and Food Ministry.
Ukraine’s electricity production grew 5.7% in Jan 2022 – Energy Ministry
In January 2022, Ukraine's electricity production amounted to 15.102 billion kWh, which is 5.7% more than in January 2021, according to the Energy Ministry’s press service.
Non-residents reduced government bonds’ portfolio since year-start – NBU
Since the start of 2022, non-resident investors have reduced their portfolio of hryvnia denominated domestic government bonds by UAH 10.8 billion.
Ukrainian president signs law on electronic communications watchdog
Ukrainian President Volodymyr Zelensky has signed the law "On the National Commission for State Regulation in the Spheres of Electronic Communications, Radio Frequency Spectrum and the Provision of Postal Services of Ukraine," which the Verkhovna Rada approved on December 16, 2021, the press service of the Ministry of Digital Transformation of Ukraine has said.
Sweden to provide EUR 22M to Ukraine annually to support reforms
As part of a new strategy for cooperation, Sweden will allocate EUR 22 million to Ukraine annually within the next seven years.
IMF plans to send next review mission to Ukraine in Q1 2022
The International Monetary Fund is monitoring the situation in Ukraine and is planning to send the next review mission under the Stand-By Arrangement for Ukraine in the first quarter of 2022.
10 February 2022
Ukraine sees NPL share shrink to 30% in 2021
The share of non-performing loans in Ukrainian banks shrank by 11% in 2021, to 30%, the press service of the National Bank of Ukraine (NBU) has said.
Deposits of individuals in Deposit Guarantee Fund’s banks grew by UAH 68B in 2021
The total amount of deposits of individuals in banks-participants of the Deposit Guarantee Fund of Ukraine amounted to UAH 675.6 billion in 2021, Ukrinform reports, referring to the Fund’s press service.
Zelensky: No obstacles in terms of security that would hinder business
President Volodymyr Zelensky assures that there are no obstacles in terms of security that would prevent business from working in Ukraine.
Share of agriculture in Ukraine's GDP exceeded 10% – Leshchenko
In 2021, the share of agriculture in Ukraine's GDP was the highest among all sectors of the economy and amounted to more than 10%, Minister of Agrarian Policy and Food of Ukraine Roman Leshchenko wrote on Telegram.
Naftogaz submits proposals to European Commission to minimize Gazprom's influence in Europe
NJSC Naftogaz of Ukraine has submitted proposals to the European Commission (Directorate General for Competition) to normalize the current situation on the gas market and minimize the influence of the Russian monopoly Gazprom in the future.
09 February 2022
Galushchenko: US, EU support future Ukraine’s synchronization with ENTSO-E
Ukraine has the joint support of the United States of America and the European Union in synchronizing its energy system with the European Network of Transmission System Operators for Electricity (ENTSO-E).
Hryvnia started strengthening since last week – Danylyshyn
Since the second half of last week, the supply of foreign currency on the interbank market exceeded bank customers’ demand for it, which strengthened the exchange rate of hryvnia against the U.S. dollar by 1.2%.
NBU: Banking sector received record UAH 77.5B in profits in 2021
In 2021, the net profit of Ukrainian banks hit a record high of UAH 77.5 billion, which is almost twice as much as in 2020 (UAH 39.7 billion), Ukrinform reports, referring to the press service of the National Bank of Ukraine (NBU).
Ukrzaliznytsia, Alstom finalize agreements on purchase of 130 electric locomotives
JSC Ukrzaliznytsia and the French company Alstom finalized agreements on the purchase of 130 new electric locomotives by signing a protocol on cooperation in the presence of Ukrainian President Volodymyr Zelensky and French President Emmanuel Macron, according to the press service of Ukrzaliznytsia.
France to provide EUR 1.2B in program funding for Ukraine’s development – President’s Office
The French Republic will provide Ukraine with EUR 1.2 billion in program funding for certain development projects, according to the Ukrainian President’s Office.