In the first half of 2021, the total number of transactions involving payment cards issued by Ukrainian banks amounted to 3,598.3 million, while their volume was UAH 2,305.9 billion, up by a third YoY. The total number of transactions (non-cash and cash) with payment cards issued by Ukrainian banks in the first half of 2021…
Prime Minister of Ukraine Denys Shmyhal says that the first round of negotiations between the Ukrainian and European sides on accelerating the abolition of customs tariffs in bilateral trade will launch in September. The statement came following a meeting with European Commission Vice President Valdis Dombrovskis in Kyiv. “Ukraine’s political and economic integration with the…
Ukraine has received 1.9 billion Special Drawing Rights (SDRs), equivalent to about $2.7 billion, from the International Monetary Fund, First Deputy Governor of the National Bank of Ukraine (NBU) Kateryna Rozhkova has announced on Facebook. “Today, 1.9 billion SDRs came to Ukraine’s account from the IMF! A great gift ahead of Independence Day! Glory to…
President of Ukraine Volodymyr Zelensky has approved a strategy for the development of the defense-industrial complex of Ukraine, according to his press service. The head of state signed decree No. 372/2021 “On the decision of the National Security and Defense Council of Ukraine dated June 18, 2021 “On the Strategy for the Development of the…
Based on the results of an unscheduled inspection, the National Bank of Ukraine (NBU) decided to apply a measure of influence to FC Fincom Credit LLC in the form of revoking the license for conducting financial services. According to the NBU’s press service, the relevant decision was approved by the Committee on Supervision and Regulation…
The use of an inflation targeting policy over the past six years has proved that the focus of the National Bank of Ukraine (NBU) on low and stable inflation is more effective, rather than the focus on a fixed exchange rate, NBU Governor Kyrylo Shevchenko has written on Facebook. Shevchenko reminded that on August 18,…
In 2020, Astarta, the largest sugar producer in Ukraine, exported sugar beet processing products worth $12.81 million, which accounted for 15.5% of total exports of these products from Ukraine, the expert of Ernst&Young international company Viktor Kovalenko announced. Kovalenko noted that the export of Astarta’s products accounted for every 100th US dollar received by Ukraine…