Ukraine: coal stocks up in June 2021

Coal reserves increased by 8.7%, to 2.79 million tons as of July 1 over the previous month, the State Statistics Service reported. From June 1 to July 1, coal reserves increased by 8.7%, to 2.79 million tons (-28.6% YoY). As of July 1, compared to June 1, gasoline reserves decreased by 6.5%, to 124,370 tons…

Ukraine: UNIDO to open Investment and Technology Promotion Office

The United Nations Industrial Development Organization (UNIDO) will establish an Investment and Technology Promotion Office in Ukraine, the press service of the Ministry for Strategic Industries of Ukraine has reported. “The Ministry for Strategic Industries has been selected as the main central executive body responsible for fulfilling the obligations arising from Ukraine’s membership in the…

Ukraine: banking system must improve efficiency

The development of financial intermediation is an important element in stimulating economic growth. That’s according to First Deputy Prime Minister, Minister for Economy of Ukraine Oleksiy Liubchenko who penned an op-ed entitled “Key tasks for Ukraine’s economic growth”. “The banking system, as an institution of financial intermediation, should qualitatively improve the efficiency of its activities,…

Ukraine: NBU keeps GDP growth forecast unchanged

The National Bank of Ukraine (NBU) has left its forecast for the growth of the country’s real gross domestic product (GDP) in 2021-2023 unchanged at about 4%, NBU Governor Kyrylo Shevchenko has said. “Steady consumer demand and favorable conditions for foreign trade compensate for Ukraine’s economic losses caused by tightened quarantine last winter and spring.…