Ukraine: budget deficit of 7.5% not a problem

Ukraine’s budget deficit of 7.5% is not a problem, according to the Prime Minister Denys Shmyhal. He said this during a virtual roundtable meeting entitled “Ukraine Reforms: What Next?” organized by Chatham House. “This is a much smaller deficit than in many European countries, where the deficit can fluctuate at 10%. That is, 7.5% is…

Ukraine: onion price plunges by 60%

New harvest onion prices in Ukraine have dropped by almost 60%. Today, one can buy quality onions from farmers in the country’s southern regions for UAH 2.5 ($0.09) per kilogram. The price of the vegetable in retail is a third higher. At the same time, the average wholesale prices of onions in Ukraine this season…

Ukraine: Wizz Air opens base in Lviv

The Hungarian low cost airline Wizz Air has opened the second base in Ukraine at Lviv International Airport. According to the press service of the Infrastructure Ministry of Ukraine, in July the company will operate five new flights from western Ukraine, in particular, from Lviv to Billund (Denmark), Tallinn (Estonia), Lisbon (Portugal), Hamburg (Germany) and…

Ukraine: Motor Sich cancels Zaporizhzhia-Minsk flights

Motor Sich Airlines has announced it cancels flights between Zaporizhzhia and Minsk from July 17 till July 31 due to the difficult epidemiological situation. “Due to the continuing complicated epidemiological situation caused by the spread of acute respiratory disease COVID 19/SARS-CoV-2 coronavirus, Motor Sich Airlines changed the flights schedule. Flights between Zaporizhzhia and Minsk were…

Ukraine: shadow economy down in 2019

Ministry for Development of Economy, Trade and Agriculture says the share of the shadow economy in 2019 fell by 3% against 2018, from 31% to 28% of the country’s official GDP. The figures are mentioned in the report titled “General Trends of the Shadow Economy in Ukraine”, which was posted on the ministry’s website. The…

Ukraine: average salary up in May 2020

In May, the average nominal salary in Ukraine amounted to UAH 10,542, up by 3% YoY, according to the State Statistics Service. “The average nominal salary of a full-time employee of enterprises, institutions and organizations made up UAH 10,542 in May, up 2.2-fold from the minimum wage (UAH 4,723). The average nominal salary increased by…