At its meeting on July 29, the Cabinet of Ministers approved changes to the regulations regarding targeted lending programs. This was announced by Prime Minister Denys Shmyhal. “After the NBU raised the discount rate, such programs as “5-7-9″, financial leasing and state portfolio guarantees slowed down. This is what the business says. Therefore, the Government…
In 2022, inflation will reach 31%, and GDP will decrease by a third. In the coming year, the economy is expected to return to growth, while inflationary dynamics will decline, the press service of the National Bank reports. “Until the end of 2022, inflation will accelerate and reach 31% given the persistence of the impact…
In recent years, Ukraine has been among the top-5 largest suppliers of organic products to the EU. Until 2030, it is planned to increase the export of organic foods to $1 billion, the Ministry of Agrarian Products and Food reports. “In recent years, Ukraine has consistently been among the top-5 largest suppliers of organic products…
Ukraine is preparing to export more electricity to consumers in the European Union, President Volodymyr Zelensky has said in his video address. “We are preparing to increase our export of electricity to consumers in the European Union. Despite such a war, we ensured the connection of Ukraine’s power grid to the energy system of the…
Ukraine will supply agricultural products to foreign markets via alternative routes if Russia continues shelling the port infrastructure, Infrastructure Minister Oleksandr Kubrakov has said. “We will move to Plan B if Russia continues shelling the port infrastructure, which we have already used before. That is, we will use the Danube ports, we will use the…
Ukraine is in consultations with the International Monetary Fund to seal until year-end an agreement for a $15-20-billion loan to help restore its war-torn economy, the National Bank Governor Kyrylo Shevchenko has told Reuters. Kyiv has already submitted its request to the IMF and is now in consultation with the fund over the new financing.…
The balance on the special account the National Bank of Ukraine (NBU) opened to support the Armed Forces of Ukraine is about UAH 2.48 billion. “Over UAH 74 million was remitted to the special account last week,” the National Bank press service said. The NBU has already transferred over UAH 17.7 billion to meet the…