Consumer inflation in Ukraine accelerated to 2.6% in annual terms in October (from 2.3% in September). Prices rose by 1.0% in monthly terms, according to the press service of the National Bank of Ukraine (NBU). “Actual consumer inflation corresponded to the trajectory of the forecast published in the October Inflation Report. The weakening of the…
Prime Minister Denys Shmyhal says the deficit of Ukraine’s national budget is one of the lowest indicators in Europe. “When today we take European countries and see what deficits in developed economies, in neighboring countries are, then Ukraine has one of the lowest budget deficits. This year, 7.5% is one of the lowest indicators in…
The National Bank of Ukraine (NBU) has held a refinancing tender to provide four banks with UAH 563.6 million ($20 million) in refinancing loans at an interest rate of 6% per annum, with an 84-day maturity period. The National Bank holds biddings to maintain banks’ liquidity for up to 90 days. Biddings are held each…
Ukraine increased the export of poultry meat and by-products by 7.7% YoY, to 359,540 tons in January-October, the State Customs Service reported. According to its data, the export of these products decreased in monetary terms by 2.3%, to $468.53 million. At the same time, the import of poultry meat and by-products decreased by 16.3%, to…
In October, electricity consumption in Ukraine’s electricity system amounted to 9.641 billion kWh, down by 1% YoY, the press service of Ukrenergo National Power Company reported. “According to Ukrenergo’s operational data, electricity consumption in Ukraine’s electricity system (net, excluding network losses) decreased by only 1% in October: 9.641 billion kWh against 9.724 billion kWh,” reads…
The National Bank of Ukraine (NBU) sold $70 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 $70 million on the interbank foreign exchange market between November 2 and November 6. The regulator also purchased…
Minister of Finance Serhiy Marchenko says he sees no risks of a significant hryvnia devaluation until the end of the year. “For the Ministry of Finance, the hryvnia to the U.S. dollar rate is an exclusively technical indicator that is used to calculate budget figures,” Marchenko said. “I have no fears about the hryvnia exchange…