Culture minister: Creative economy contributes UAH 117 B to GDP
In Ukraine, 3.8% of the working population work in the creative industries.
Economy
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.
20 September 2021
Ukraine's GDP grows by 5.7% in Q2 2021 – State Statistics Service
Ukraine's gross domestic product increased by 5.7% compared in the second quarter of 2021 compared to the same period in 2020, the State Statistics Service has reported.
Ukraine ready to transport twice as much gas as Russian 'streams' combined - Makogon
The annual capacity of the Ukrainian gas transit system is 146 billion cubic meters of natural gas, which allows Ukraine to transport almost twice as much gas as the Nord Stream 1 and Nord Stream 2 gas pipelines combined because they can pump only 55 billion cubic meters of gas per year, according to Sergiy Makogon, General Director of the Gas Transmission System Operator of Ukraine (GTSOU).
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.
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.