Experts say one should not expect the 4.6% GDP growth stipulated in the draft national budget for 2021. This opinion was voiced by head of the Committee of Economists of Ukraine, candidate of economic sciences Andriy Novak at a press conference. “The budget is designed with a 4.6% increase, which will definitely not happen in…
The Ukrainian side is interested in cooperating with the Export-Import Bank of Korea with the support of the Government of the Republic of Korea in the development of high-speed rail if favorable financial terms of cooperation are offered, minister of Infrastructure of Ukraine Vladyslav Kryklii said at a meeting with representatives of Hyundai Corporation on…
As of October 23, UAH 34.1 billion, or 52%, has already been used from Ukraine’s COVID-19 Fund, the Finance Ministry’s press service reports. UAH 5.8 billion out of the planned UAH 16.3 billion or 35% was spent on healthcare. In particular, UAH 21 million was directed on the purchase of lung ventilation devices (UAH 100…
As of October 22, farmers of Poltava region harvested 267,4 thousand tons of sugar beets. Poltava region continues sugar beet harvesting campaign, which has been harvested from the area of 9.1 thousand hectares with the average yield of 29.5 ton/ha. 187.2 thousand tons of sweet roots have been carried out of the fields. (Ukrsugar/Business World…
The easing of quarantine restrictions helped to restore lending in Ukraine in the third quarter of 2020. This is evidenced by the results of a survey conducted by the National Bank of Ukraine (NBU) among credit managers of Ukrainian banks, released on October 23, the central bank’s press service reports. According to the central bank,…
Deputy Minister for Development of Economy, Trade and Agriculture Taras Vysotskyi says the ministry plans to amend the procedure for consulting agricultural sector to support it. “We’ll definitely coordinate the issue with the sector and specialized associations. Following that, we’ll initiate appropriate changes to the procedure of the Cabinet of Ministers,” he wrote on Facebook.…
In January-August, Ukraine’s exports of goods totaled $30.8 billion, down by 6.6% YoY. Over the first seven months of the year, the decline in exports reached 7.4%. “According to the State Statistics Service, over the first eight months of 2020, the exports of goods totaled $30.8 billion, down by 6.6% YoY. However, the ministry sees…