The International Monetary Fund predicts that after a 4% decline in the gross domestic product in 2020, Ukraine will see a 4% growth in 2021, followed by a slowdown to 3.4% in 2022. According to the Fund’s World Economic Outlook (WEO), average annual inflation in Ukraine, after dropping to 2.7% in 2020, will go up…
The International Monetary Fund has updated its outlook for the hryvnia to the dollar exchange rate for the period up to 2026. The forecast has been improved compared to the data released in October last year. According to IMF calculations, the hryvnia to dollar exchange rate will be as follows: 2021 – UAH 27.98 (UAH…
Finance Ministry says Ukrainian banks have issued 12,539 loans worth UAH 30.8 billion ($1.1 billion) since the launch of the state-run “Affordable Loans: 5%-7%-9%” program. Some 833 new loans totaling UAH 1.9 billion ($68 million) were provided last week alone, the ministry’s press service said on its website. In particular, transactions on refinancing of already…
Political consultations between the Ministries of Foreign Affairs of Ukraine and Egypt, co-chaired by Deputy Minister of Foreign Affairs of Ukraine Dmytro Senik and Assistant Foreign Minister of Egypt for European Affairs Ambassador Badr Abdel Atty, were held in Cairo on April 5. “The parties discussed a wide range of issues of Ukrainian-Egyptian cooperation in…
The National Bank of Ukraine (NBU) sold $50 million on the interbank foreign exchange market last week, according to data provided by the central bank. According to the results of foreign exchange interventions, the National Bank sold $50 million on the interbank foreign exchange market between March 29 and April 2. The regulator didn’t conduct…
The growth of salaries and retail trade in Ukraine in February shows that consumer sentiment is improving, according to Prime Minister Denys Shmyhal. “The average salary in February was 12.5 thousand hryvnias. Considering inflation, salaries rose by 7.6% YoY. In addition, retail trade in February increased by 5.6% (an increase of 3.5% in January). Such…
Ukraine’s exports to the UK grew by 38% YoY in the first quarter of 2021, while IT services exceeded traditional export groups. “In the first quarter of this year, our exports to the UK grew by 38%. I do not know whether it is the result of signing of the Political, Free Trade and Strategic…