The development of financial intermediation is an important element in stimulating economic growth. That’s according to First Deputy Prime Minister, Minister for Economy of Ukraine Oleksiy Liubchenko who penned an op-ed entitled “Key tasks for Ukraine’s economic growth”. “The banking system, as an institution of financial intermediation, should qualitatively improve the efficiency of its activities,…
The National Bank of Ukraine (NBU) expects further progress to be made in negotiations between Ukraine and the IMF, NBU Governor Kyrylo Shevchenko has said. “The main assumption of the macroeconomic forecast taken into account by the NBU Board is continued cooperation with the IMF. The NBU expects further progress to be made in negotiations…
The National Bank of Ukraine (NBU) has left its forecast for the growth of the country’s real gross domestic product (GDP) in 2021-2023 unchanged at about 4%, NBU Governor Kyrylo Shevchenko has said. “Steady consumer demand and favorable conditions for foreign trade compensate for Ukraine’s economic losses caused by tightened quarantine last winter and spring.…
The Cabinet of Ministers of Ukraine will allocate UAH 106 million from the reserve fund of the state budget for the restoration of aircraft used in emergencies and other civil defense tasks. The relevant decision was initiated by the Ministry of Economy. “The Government is constantly taking measures to prevent threats to the lives of…
The Ukrainian Finance Ministry on July 20 raised UAH 7.75 billion to the state budget at an auction for the placement of domestic government bonds, the ministry’s press service has reported. “Following the placement of domestic government bonds on July 20, 2021, UAH 7,754,209,756.80 (at the exchange rate of the NBU) was attracted to the…
Ukrainian Energy Minister Herman Halushchenko has met with the Austrian Ambassador to Ukraine Gernot Pfandler to discuss prospects for expanding cooperation in the field of carbon neutrality, the Energy Ministry’s press service has reported. “Ukraine and Austria have been cooperating for a long time in the field of hydropower and energy efficiency and are planning…
During his visit to Georgia, President of Ukraine Volodymyr Zelensky discussed the priority steps to intensify trade and economic cooperation with President of the Republic of Moldova Maia Sandu. “The President congratulated Maia Sandu on the victory of the pro-European democratic forces in the parliamentary elections in Moldova and wished his Moldovan counterpart success in…