Governor of the National Bank of Ukraine (NBU), Kyrylo Shevchenko, has said Ukraine may receive $2.7 billion from the International Monetary Fund (IMF) to replenish its international reserves as part of IMF Managing Director Kristalina Georgieva’s initiative to allocate $650 billion to restore global economy from coronacrisis. The official posted the relevant statement on Facebook…
In the first quarter of 2021, local budgets received UAH 514 million in land tax payments transferred by individuals, up by UAH 3.4 million YoY, the press service of the State Tax Service reported. “In January-March, local budgets received UAH 514.0 million in land tax payments transferred by individuals. This is UAH 3.4 million more…
The conclusion of the Ukraine-Turkey Free Trade Agreement will help increase trade between the countries significantly. “Traditionally, we have paid considerable attention to our trade and economic relations, and further liberalization of bilateral trade is important for them. Signing a free trade agreement can significantly increase its volume. We understand that this is a responsible…
The Verkhovna Rada has finally unblocked the holding of auctions for the sale of large state-owned enterprises. Although the main purpose of privatization Ukrainian officials name fighting corruption and increasing the efficiency of property management rather than raising funds for the budget, the ban lift is primarily dictated by financial motives. A year ago, when…
The Government will protect all Ukrainian producers with a share of localization of over 35%. “We have to protect our people. And not only a purely Ukrainian manufacturer, but anyone who is ready to produce in Ukraine. They will receive the same preferences as the national producer, as the state will consider them to be…
Dnipropetrovsk airport has been officially renamed into Dnipro airport, according to the Infrastructure Minister of Ukraine Vladyslav Kryklii. “The previous name of the airport “Dnipropetrovsk” has remained in the past. In the aerodrome certificates, aeronautical information data, information materials, as well as in the registers, the airport is already named Dnipro,” the minister wrote on…
Oleh Ustenko, the Ukrainian president’s economic adviser, has said he expects Ukraine’s GDP growth in 2021 will be more than 4%. It is noted that technical consultations are underway with the International Monetary Fund (IMF) on the signing of a preliminary agreement to extend the program of cooperation with the Fund. “The staff level agreement…