Ukraine’s foreign exchange reserves are expected to decrease to $21 billion until the end of 2022. The relevant statement was made by National Bank of Ukraine (NBU) Deputy Governor Sergiy Nikolaychuk at a briefing. “We expect that the foreign exchange reserves will slightly decrease until the end of the year, approximately to $21 billion. They…
Inflation in Ukraine will exceed 30% in 2022. The head of the National Bank of Ukraine, Kyrylo Shevchenko, said this at a briefing on July 21. “According to our forecast, the growth rate of consumer prices will exceed 30% at the end of 2022,” Shevchenko said. He added that inflation in June rose sharply and…
The National Bank of Ukraine has predicted that Ukraine’s economy will contract by a third in 2022. NBU Governor Kyrylo Shevchenko said this at a briefing on July 21. “Ukraine’s economy will shrink by a third in 2022, but if the Black Sea ports are unblocked, it will return to growth in 2023-2024,” Shevchenko said.…
In the second quarter of 2022, Astarta-Kyiv agri-industrial holding sold 14% more sugar than in the first quarter. This is stated in the company’s press release published on the Warsaw Stock Exchange. During the specified period, Astarta sold 63.1 thousand tons of sugar. In the first quarter, sugar sales fell by 16%, to 95.7 thousand…
European Commission Vice President Valdis Dombrovskis has signed a memorandum of understanding on the allocation of EUR 1 billion in macro-financial assistance to Ukraine. “Signing Memorandum of Understanding with Ukraine on behalf of the EU to provide EUR 1 billion macro-financial assistance as emergency funding. This will be paid out end-July to support Ukraine’s government…
In 2022, Ukraine expects to harvest about 52 million tons of grain crops and 13-15 million tons of oilseed crops. The relevant statement was made by Ukrainian Agrarian Policy and Food First Deputy Minister Taras Vysotskyi at a press conference. “Currently, we expect this year’s yield of grain crops to reach 52 million tons and…
The Council of the EU at the level of foreign ministers reached a political agreement on the allocation of the next tranche of military assistance to Ukraine within the framework of the European Peace Facility in the amount of another EUR 500 million. That’s according to EU High Representative Josep Borrell, who spoke at a…