The draft state budget for 2022 envisages 21% of expenditures on the security and defense sector, to the Minister of Finance, Serhiy Marchenko has said. In total, UAH 319.4 billion will be spent on national security and defense, which corresponds to 5.95% of GDP. “These are expenditures within budget programs run by the Ministry of…
The net profit of Ukrainian solvent banks amounted to UAH 45.6 billion in January-August, up by UAH 13 billion YoY, the press service of the National Bank of Ukraine (NBU) posted on its Telegram channel. In January-August, solvent banks received UAH 45.6 billion in net profit, up by 40%. Banks’ revenues for the first eight…
The National Bank of Ukraine (NBU) expects to start a cycle of key policy rate reduction in the second quarter of 2022. This issue was discussed at a meeting of the NBU’s Monetary Policy Committee, the central bank’s press service reported. “The NBU should be ready for a scenario in which it may have to…
In the first half of the current year, foreign direct investment in Ukraine increased by $2.7 billion compared to the same period last year, according to Prime Minister of Ukraine Denys Shmyhal. “According to the law on “investment nannies”, UkraineInvest has already received applications worth almost $2 billion. Agricultural processing – nine projects worth $534…
The Ukrainian government is planning to draw up a three-year action plan to reduce the shadow economy in the country to 25%, Minister of Economy Oleksii Liubchenko has said at the first meeting of the interdepartmental working group on de-shadowing of Ukraine’s economy. “Ukraine’s economic security strategy for the period up to 2025, put into…
Milk production in Ukraine shrank by 6.2% YoY in January-August, to 6.04 million tons, the State Statistics Service reported. Agricultural enterprises produced 1.85 million tons of milk (-1.4%) and households produced 4.19 million tons of milk (-8.3%). The largest amount of milk over the period under review was produced in Poltava region – 486,100 tons…
Last year, direct investment of Lithuanian business in Ukraine amounted to EUR 180 million, mostly in the financial sector and trade. “Last year, Lithuanian business invested EUR 180 million in Ukraine, in particular, in financial sector, insurance, wholesale and retail trade. In addition, the trade turnover between our countries reached 1 billion 200 thousand euros,”…