In September-November 2021, Ukraine reduced exports of sunflower oil by 15% YoY, to 1.35 million tons due to falling demand from China and India, the Ukroliyaprom Association reported. In particular, India, the main buyer of Ukrainian sunflower oil, reduced its imports during the specified period by 11.5%, to 466.5 thousand tons, although in 2020-2021 it…
Ukraine’s state-owned arms exporter, Ukrspecexport, received 144 foreign delegations and signed contracts worth $332 million in 2021, the company’s press service reported. Last year, Ukrspecexport managed to intensify international activities and achieve growth in economic performance. This led to a significant increase in the total amount of newly concluded foreign economic contracts. “Although the revival…
In the banking sector of Ukraine, the share of non-performing loans (NPL) as of December 1, 2021 decreased to 30.7% against 32.7% as of November 1, 2021, the National Bank’s press service reported. Since early 2021, the share of NPLs has decreased by 10.3% (UAH 73.8 billion in absolute terms), being observed in banks of…
The Cabinet of Ministers has approved the strategy for reforming the public finance management system for 2022-2025, the Finance Ministry’s press service has reported. “An order “On the approval of the strategy for reforming the public finance management system for 2022-2025″ was adopted at a government meeting on December 29, 2021. The Finance Ministry drew…
In November, the average nominal salary in Ukraine stood at UAH 14,300, up 2.4-fold from the minimum wage. It increased by 19.2% against November 2020, while real wages were up by 8%. Compared to October, the average salary in November rose by 1.7%, the Ministry of Economy reported. “Despite the introduction of additional quarantine restrictions…
In 2021, Ukraine has received almost $2.5 billion from international financial organizations. “In 2021, we have continued to actively cooperate with international financial organizations and this year Ukraine received significant support from international partners, which shows confidence in Ukrainian institutions. In total, Ukraine has received almost $2.5 billion from the IMF, European Union, World Bank,…
Ukraine: gas deal signed with Hungary Gas TSO of Ukraine and FGSZ, Hungary’s gas transmission system operator, have concluded an agreement for the supply of a guaranteed volume of natural gas from Hungary to Ukraine starting from January 1, 2022, Sergiy Makogon, CEO Gas TSO of Ukraine, LLC, has announced. “I have good news on…