Ukrainians in July sold $1.543 billion in cash through the banking system, up by $222 million from what they bought ($1.321 billion). Thus, foreign currency sales exceeded purchases for the eighth month in a row, the National Bank of Ukraine said on its website. Since the beginning of the year, sales of cash foreign currency…
The National Bank of Ukraine (NBU) has estimated how much money has been sent by Ukrainian migrant workers home since the beginning of the year. From January to June, private remittances via official and non-official channels to Ukraine totaled $5.365 billion in the equivalent; while those from Ukraine stood at $246 million in the equivalent,…
E-sports should become a part of Ukraine’s economy, as competitions and game development can replenish the state budget. “E-sports is a powerful global trend. About 600 million people, including millions of Ukrainians, are engaged in this activity. Thus, e-sports should become a part of our country’s economy as competition, infrastructure and game development can significantly…
In MY 2019-2020 Ukraine decreased flour output by 6.2%. Bread and bakery products manufacture fell by 13.2%, macaroni products – by 2.8%, bran – by 3.3%, while hulled, half-hulled or crushed rice – by 8.4%. At the same time, production of groats and coarse flour from oats, corn, rice, rye and barley increased by 13.7%.…
Ukraine International Airlines (UIA), Ukraine’s largest air carrier, has announced the revision of its domestic and international flight program for August and cancelled a number of flights until the end of this month. The flight plan is based on the assumption of passengers’ free movement across the borders of the European Union and the Schengen…
In January-June, Ukraine’s electricity imports decreased 30-fold YoY, while exports – 6.8-fold. “Electricity imports in the first half of 2020 decreased from 560 million kWh to 18.9 million kWh. Electricity exports in January-March increased monthly by about 5%. However, the volume of exports fell sharply in April and decreased 6.8-fold as of the end of…
The National Bank of Ukraine (NBU) bought $38 million on the interbank foreign exchange market last week, according to the data from the NBU. According to the results of foreign exchange interventions, the National Bank bought $38 million on the interbank foreign exchange market between July 27 and July 31. The bank did not sell…