The World Bank will disburse an average of $200 million a month for salaries to Ukrainian civil servants and teachers. A total of $1.5 billion will be allocated for this purpose, Deputy Minister of Finance of Ukraine Roman Yermolychev has said. He assured that the Ministry of Finance was constantly looking for alternative sources to…
The Government will submit to the Verkhovna Rada bills that provide for a moratorium on tariff increases for the period of martial law and 6 months after its termination, the Prime Minister Denys Shmyhal has announced. “Tariffs for gas and its distribution, as well as for heat and hot water will remain in place. In…
The bid prices for corn decreased in the Ukrainian ports of the Danube (Reni and Izmail) last week. High supply on the domestic market that exceeded the demand as well as limited capacity of ports and overloaded logistics pressured the prices. The bid prices of corn decreased to $215-235/ton CPT-port and $280-285/ton FOB in the…
Ukrainian Prime Minister Denys Shmyhal and President of the European Council Charles Michel have checked the current situation at Odesa Sea Port and coordinated joint steps to resolve the issue of Ukraine’s agricultural exports. The relevant statement was made by the Government portal. Shmyhal stressed that the world was already feeling the effects of the…
At the end of April 2022, the number of idle enterprises reduced to 17% compared to 32% at the beginning of Russia’s full-scale invasion of Ukraine. The relevant statement was made by the National Bank of Ukraine (NBU) in the monthly macroeconomic and monetary overview. “The number of idle enterprises reduced almost twofold compared to…
Ukraine cannot export about 90 million tons of agricultural products due to the blockade of its ports by Russia, and this could lead to a global food crisis. Ukrainian Prime Minister Denys Shmyhal said this in an interview with RBC-Ukraine. “Ukraine has proved to be an extremely powerful producer and supplier of food to the…
In the four months of 2022, the Pension Fund of Ukraine (PFU) received UAH 171.9 billion, including UAH 113.7 billion of own revenues. The PFU received UAH 113.7 billion from the single social contribution and other payments in January-April. Another UAH 58.2 billion came from the state budget to finance pensions and one-time benefits in…