Head of the Center of Public Finance and Governance at Kyiv School of Economics (KSE) Daryna Marchak said the national budget for 2020 was fully implemented due to the aggressive borrowing policy of the Finance Ministry in December 2020. “In December 2020, the Finance Ministry borrowed UAH 166 billion ($5.9 billion) to the state budget,…
In January-November 2020, the net profit of Ukrainian banks amounted to UAH 43.365 billion, according to data provided by the National Bank of Ukraine (NBU). The result is UAH 15.6 billion less than in the same period last year (UAH 59.001 billion). As of December 1, 2020, there were 74 operating banks in Ukraine. (Ukrinform/Business…
Minister of Economic Development, Trade and Agriculture Ihor Petrashko said that 40.7% of the total volume of Ukrainian foreign trade in goods accounted for the countries of the European Union. “The EU is Ukraine’s main trading partner with a share of trade in goods of 40.7% of Ukraine’s total foreign trade,” Petrashko announced. According to…
The Ukrainian Stock Breeders Association says the prices of dairy products in Ukraine have been at the peak since September 2020, and the trend will continue for at least the entire first quarter. A number of factors caused such a situation. The major one is a poor harvest of the crops included in the cows’…
In 2020, the Kyiv metro carried 279.5 million passengers, down by 215.8 million, or by 56% YoY, Deputy Chairman of Kyiv City State Administration Oleksandr Hustieliev announced. “The coronavirus pandemic and quarantine restrictions affected the number of passengers carried in the past year. However, the leading stations in terms of passenger traffic remain unchanged. Thus,…
Ukraine has to pay about $1.6 billion to the International Monetary Fund (IMF) in 2021, including almost $1.36 billion as repayment of the principal amount of the debt and $0.26 billion as payment of interest, Chairman of the Council of the National Bank of Ukraine (NBU) Bohdan Danylyshyn has written on his Facebook page. “The…
In December 2020, consumer prices in Ukraine increased by 0.9% MoM, according to the Ukrainian State Statistics Service. Consumer prices in December 2020 grew by 0.9% MoM and by 5% YoY. In general, consumer prices in 2020 increased by 2.7%. Core inflation in December 2020 was 0.3% compared to November 2020 and 4.2% for the…