Ukraine’s gross domestic product will decline by about 6% in 2020, according to preliminary forecasts of the National Bank of Ukraine (NBU), NBU Governor Kyrylo Shevchenko has said. “We estimate that the economy will shrink by about 6% until the end of the year,” Shevchenko said. According to him, there are several forecasts for GDP…
Prime Minister of Ukraine Denys Shmyhal and representatives of the German Committee on Eastern European Economic Relations discussed ways to improve the investment and business climate between Ukraine and Germany, infrastructure projects, energy efficiency initiatives and digitalization, according to the Ukrainian government’s press service. “We appreciate the contribution of German business to the development of…
The European Investment Bank (EIB) will provide a EUR 30-million loan to JSC Ukrposhta, Ukraine’s national postal operator, to continue the modernization and digitalization of the country’s postal services. The loan will allow Ukrposhta to start modernizing its logistics network with three new sorting hubs, 20 postal depots and IT infrastructure. The loan agreement was…
Ukraine’s Windrose Airlines has started selling tickets for direct flights on the Kyiv-Kherson route, according to Kherson Regional State Administration. “Windrose has opened the sale of tickets for direct flights from Kyiv to Kherson. Flights will be operated five times a week until the end of October. The schedule will allow Kherson residents to make…
The Deposit Guarantee Fund has completed payments to the depositors of PJSC CB Khreschatyk, according to the fund’s press service. On October 2, the Deposit Guarantee Fund submitted documents for the liquidation of PJSC CB Khreschatyk to the state registrar of legal entities, individual entrepreneurs and public organizations to record the termination of the bank…
The State Automobile Roads Agency of Ukraine (Ukravtodor) has begun repair work on the ten-kilometer section of the T-16-07 Izmail-Kiliya-Vilkove national road. Ukravtodor said in its Telegram channel that work was already underway to break up the old road surface and equip the base with crushed stone-sand mixture. The contractor for the repair work on…
The National Bank of Ukraine (NBU) sold $51.1 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 $51.1 million on the interbank foreign exchange market between September 28 and October 2. The regulator did not…