NBU provides UAH 128M in refinancing to two banks
The National Bank of Ukraine (NBU) provided a total of UAH 128 million in refinancing to two banks, Ukrinform reports, referring to the central bank’s press service.
Economy - Latest news
27 September 2021
NBU purchased $22.5M on interbank foreign exchange market last week
The National Bank of Ukraine (NBU) purchased $22.5 million on the interbank foreign exchange market last week, according to data provided by the central bank.
Mylovanov: Ukraine cooperates with investors from America to Asia but not with enemies
Ukraine is ready to cooperate with investors from any country, except for the countries that harm national security or work strategically against it.
25 September 2021
Poland's successful experience in gas market opens up new opportunities for Ukraine - GTSOU
Poland's successful experience in implementing a plan to phase out Russian gas and diversify natural gas supply sources opens up new opportunities for Ukraine.
Motor Sich, Baykar Makina sign cooperation agreement
The leading aviation companies of Ukraine and Turkey - Motor Sich and Baykar Makina - have signed a cooperation agreement.
24 September 2021
Galushchenko: Ukraine may enter Europe’s top five countries with largest share of clean energy by 2035
The Ukrainian Ministry of Energy expects that Ukraine will be among Europe’s top five countries with the largest share of renewable energy by 2035, Ukrinform reports, referring to the ministry’s press service.
Banks' profit this year showed best result in past 10 years - NBU governor
Net profit of Ukrainian banks for the first eight months of 2021 reached UAH 45.6 billion, which is better than the results recorded in the corresponding periods in the past ten years.
Ukraine keeps tenth place in world pig iron production
In January-August 2021, Ukraine produced 14.48 million tonnes of pig iron, taking the tenth place in the world ranking of pig iron producers, Ukrinform reports with reference to the Ukrmetalurgprom Association.
Ukraine exported over 6,000 tonnes of fish and other aquatic bioresources in Jan-July 2021
In January-July 2021, Ukraine exported 6,008 tonnes of fish and other aquatic bioresources worth $25.9 million to foreign markets, Ukrinform reports, referring to the Ukrainian State Fisheries Agency.
Deposit Guarantee Fund: UAH 191M transferred to accounts of insolvent banks in August
In August 2021, inflows of funds to banks being under liquidation amounted to UAH 191.4 million, of which UAH 174.9 million came from the sale of assets through electronic auctions, according to the press service of the Deposit Guarantee Fund of Ukraine.
Boryspil Airport included in ranking of Europe’s most efficient airports
Boryspil International Airport took fourth place in the latest ranking of airports with passenger traffic from 10 to 25 million passengers, according to the report for July 2021 released by Airports Council International (ACI Europe).
23 September 2021
Rada plans to increase 2021 budget expenditures by nearly UAH 40B
The Verkhovna Rada, Ukraine's parliament, has adopted at first reading a bill introducing amendments to the law "On the State Budget of Ukraine for 2021" regarding the implementation of social measures and infrastructure projects (No. 6052).
Culture minister: Creative economy contributes UAH 117 B to GDP
In Ukraine, 3.8% of the working population work in the creative industries.
Government approves action plan for development of technical regulation system
At a meeting on September 22, the Cabinet of Ministers adopted a resolution on approving an action plan for the development of technical regulation system for the period up to 2025, Ukrinform reports, referring to the Economy Ministry’s press service.
Gas shortage in Europe can be tackled if Gazprom allows buying gas at Russia-Ukraine border - Vitrenko
Gas shortages in Europe can be avoided if Gazprom allows European companies to buy natural gas at receipt points located on the Russia-Ukraine border.
Government approves procedure for mandatory sale of electricity through e-auctions
At a meeting on September 22, the Cabinet of Ministers approved the procedure for the mandatory sale of electricity by producers through electronic auctions.
GUAM foreign ministers discuss development of international logistics across countries
Minister for Foreign Affairs of Ukraine Dmytro Kuleba took part in a meeting of the Council of Ministers for Foreign Affairs of the Organization for Democracy and Economic Development - GUAM, which includes Azerbaijan, Georgia, Moldova and Ukraine, according to the Ukrainian MFA press service.
22 September 2021
Zelensky, Microsoft president discuss projects in Ukraine
Ukrainian President Volodymyr Zelensky and Microsoft President Brad Smith have discussed the expansion of the company's presence in Ukraine.
Major support for economy in Q2 came from household consumption – NBU
Economic growth in the second quarter of 2021 by 5.7% against the corresponding figure last year was driven primarily by household consumption, whose final expenditures rose by 17.4% year-on-year.
Finance Minister Marchenko meets with IMF mission chief to Ukraine
Ukrainian Minister of Finance Serhiy Marchenko has held a meeting with IMF Mission Chief to Ukraine Ivanna Vladkova Hollar, according to the ministry’s press service.
Ukraine expects U.S. to open market for Ukrainian corn and wheat
Approval procedures needed for the opening of the U.S. market for Ukrainian corn and wheat are currently at the final stage, according to Head of the State Service of Ukraine for Food Safety and Consumer Protection Vladyslava Mahaletska.
Gas production costs more than its sale brings to Naftogaz, CEO says
State-owned Naftogaz of Ukraine spends more on producing natural gas than the company receives from its sale.
SCM paid almost UAH 35B in taxes in H1 2021
In January-June 2021, SCM Group paid almost UAH 35 billion in taxes, of which UAH 29 billion was transferred to the state budget and UAH 5.8 billion to local budgets.
Draft state budget for 2022 includes UAH 3B for affordable loans’ program – Finance Ministry
The draft state budget for 2022 provides for UAH 3 billion for the program to support Ukrainian entrepreneurs "Affordable Loans at 5-7-9%".
21 September 2021
Finance minister: Doctors, service members, veterans are key priorities of 2022 draft budget
The state budget for 2022 is a budget of investment in people, the country, and the future, and its priority is to support doctors, who are at the forefront of the fight against the coronavirus, as well as the military and veterans.
Ukrainian solvent banks received UAH 45.6B in profit in Jan-Aug 2021
The net profit of Ukrainian solvent banks amounted to UAH 45.6 billion in January-August 2021, which is UAH 13 billion more than in the same period last year.
Ukroboronprom doubled its net profit in H1 2021
In the first half of 2021, 78 enterprises of Ukroboronprom State Concern received UAH 517.6 million in net profit, which is 2.1 times more than in the same period last year.
Over 21% of state budget 2022 costs set to cover national security, defense - finance minister
The draft state budget for 2022 envisages 21% of expenditures on the security and defense sector.
Deposit Guarantee Fund paid UAH 10.9M to depositors of insolvent banks in August
In August 2021, the Deposit Guarantee Fund paid UAH 10.9 million to depositors of insolvent banks within the guaranteed refund program, according to the Fund’s press service.
IMF starts virtual mission to Ukraine
The International Monetary Fund (IMF) has started a virtual mission to Ukraine, according to Bloomberg.