Ukraine to develop wellness, business tourism with Saudi Arabia
Ukraine intends to develop health and business tourism with Saudi Arabia and other countries of the Arabian Gulf, seeing the area as promising.
Economy - Latest news
20 September 2021
NBU expects discount rate reduction in Q2 2022
The National Bank of Ukraine (NBU) expects to start a cycle of key policy rate reduction in the second quarter of 2022.
Almost 19,000 land agreements registered in Ukraine
As of September 20, Ukraine registered 18,771 agreements on the purchase and sale of agricultural land, Ukrinform reports, referring to the press service of the Ministry of Agrarian Policy and Food.
Deposit Guarantee Fund repays another UAH 2B to Finance Ministry ahead of schedule
The Deposit Guarantee Fund of Ukraine has transferred UAH 2.07 billion ahead of schedule under its obligations to the Finance Ministry of Ukraine.
Banks provided UAH 5.5B of loans under state guarantees – Ministry of Finance
As of September 1, 2021, ten banks provided loans for a total sum of UAH 5.543 billion under state guarantees on a portfolio basis, Ukrinform reports with a reference to the Finance Ministry’s press service.
Ukraine achieved significant results in fulfilling its obligations to IMF - Ministry of Finance
Ukraine has achieved significant results in fulfilling its obligations under the International Monetary Fund’s Stand-by Program.
NBU provides UAH 217M in refinancing to four banks
The National Bank of Ukraine (NBU) provided a total of UAH 217 million in refinancing to four banks, Ukrinform reports, referring to the central bank’s press service.
Ukrainian farmers gathered almost 46M tonnes of grain and leguminous crops
Ukrainian farmers have harvested 45.7 million tonnes of grain and leguminous crops so far, Ukrinform reports with reference to the press service of the Ministry of Agrarian Policy and Food.
Foreign direct investment grew by $2.7B in H1 2021 – PM Shmyhal
In the first half of the current year, foreign direct investment in Ukraine increased by $2.7 billion compared to the same period last year, according to Prime Minister of Ukraine Denys Shmyhal.
18 September 2021
Ryanair eyes expansion in Ukraine
Ryanair CEO Michael O'Leary says that the Irish low-cost carrier plans to significantly expand its presence in the Ukrainian market.
17 September 2021
Ukrainian minister, Danish ambassador discuss cooperation under Danida Business Finance program
Ukraine's Deputy Prime Minister, Minister for Reintegration of Temporarily Occupied Territories Oleksii Reznikov has met with Danish Ambassador to Ukraine Ole Egberg Mikkelsen to discuss the implementation of the Danida Business Finance program in Ukraine, according to a statement posted on the website of the Ministry for Reintegration of Temporarily Occupied Territories of Ukraine.
Stefanchuk, U.S. Treasury official discuss reforms in Ukraine's economic, financial spheres
First Deputy Speaker of the Verkhovna Rada Ruslan Stefanchuk has discussed reforms in Ukraine's economic and financial spheres at a meeting with Acting Under Secretary of International Affairs at the U.S. Department of the Treasury Andy Baukol.
National security committee recommends parliament to approve bill on oligarchs at second reading
The Verkhovna Rada Committee on National Security, Defense and Intelligence recommends that Parliament adopt at second reading the bill "On Prevention of Threats to National Security Related to Excessive Influence of Persons Who Have Significant Economic or Political Weight in Public Life (Oligarchs)".
Ukraine, Germany continue energy efficiency cooperation - Bezus
Ukraine and Germany continue the cooperation in implementing modern energy efficiency policy for sustainable development and improving the welfare of society, Valariy Bezus, Head of the State Agency on Energy Efficiency and Energy Saving of Ukraine, has said at the second meeting of the Coordinating Committee of the Ukrainian-German Energy Partnership.
Government seeks to reduce shadow economy to 25% - Economy Ministry
The Ukrainian government is planning to draw up a three-year action plan to reduce the shadow economy in the country to 25%.
Ukraine’s cast iron production grows by almost 7%
In January-August 2021, Ukraine’s cast iron production grew by 6.8% compared with the same period last year, Ukrinform reports.
Zelensky sets up special group to counter threats from Nord Stream 2
President Volodymyr Zelensky has created a working group to develop proposals to minimize threats from the construction of gas pipelines bypassing Ukraine.
Fight against corruption, NBU independence to be on IMF mission’s agenda in Ukraine
The International Monetary Fund's review mission will start working on the Ukraine issue in a virtual format in the second half of September, set to focus on the National Bank’s independence, reforms, and strengthening of anti-corruption institutions.
16 September 2021
Milk production in Ukraine down 6.2% in eight months – statistics
Milk production in Ukraine shrank by 6.2% in January-August 2021 compared to the same period in 2020, to 6.04 million tonnes, the State Statistics Service has reported.
Government plans to get UAH 8 B from state property privatization next year
Next year, the Government expects to get UAH 8 billion in revenues from privatization.
Wage arrears down by almost UAH 300M – economy ministry
In August-September 2021, the volume of wage arrears decreased by 7.5%, or UAH 295 million.
World Bank Vice President Bjerde concludes her first official visit to Ukraine
World Bank Vice President for Europe and Central Asia Anna Bjerde concluded her first official visit to Ukraine on September 15, the World Bank's press service has reported.
Ukroboronprom, Babcock sign cooperation agreement to expand Ukrainian Navy capabilities
Ukroboronprom State Concern and Babcock International Group have signed a cooperation agreement to expand the capabilities of the Ukrainian Naval Forces, Ukrinform reports, referring to Ukroboronprom's press service
Draft state budget for 2022 includes UAH 100M for tourism industry – Tkachenko
The draft state budget for 2022 provides for UAH 100 million for the tourism industry, Minister of Culture and Information Policy Oleksandr Tkachenko told Ukrinform.
Ukraine spends over UAH 30B on fight against COVID-19 this year
Ukraine spent over UAH 30 billion in January-August 2021 on the fight against COVID-19, the Ukrainian Finance Ministry's press service has reported.
Government allocates UAH 460M for partial unemployment benefits
The Cabinet of Ministers has decided to allocate from the Fund of Compulsory State Social Insurance almost UAH 460 million for financial assistance in the event of unemployment.
Cherkasy region, Ukrainian-Arab Business Council sign memorandum of cooperation
Head of Cherkasy Regional State Administration Oleksandr Skichko and President of the Ukrainian-Arab Business Council Sheikh Emad Abu Alrub have signed a memorandum of cooperation between the region and the council.
Kyiv city budget for 2022 projected at UAH 65B - Klitschko
The budget of Kyiv city for 2022 is projected at UAH 65 billion, Mayor Vitali Klitschko has said on the air of the Priamyi TV channel.
Synchronizing Ukraine, Lithuania's power systems with ENTSO-E “geopolitically important” for EU – Ukraine energy minister
German Galushchenko and Dainius Kreivys, Ukraine and Lithuania’s energy ministers, on Wednesday, September 15, held the first meeting of the Working Group on Expanding Strategic Energy Cooperation between the relevant ministries.
15 September 2021
Lithuanian business invested EUR 180 mln in Ukraine last year
Last year, direct investment of Lithuanian business in Ukraine amounted to EUR 180 million, mostly in the financial sector and trade.