Ukraine’s gross domestic product (GDP) decreased by 5.9% YoY in January-May, according to the latest Economic Activity Report released by the Ministry for Development of Economy, Trade and Agriculture. In particular, the reduction of ISP (consolidated index of goods and services production by main economic activities) totaled 7.3% (a 6.7% decline in January-April) and respectively…
Ukraine seeks to increase trade turnover with ASEAN countries to $5 billion, Foreign Minister of Ukraine Dmytro Kuleba stated at a meeting with Ambassador of Vietnam Nguyen Anh Tuan, Ambassador of the Republic of Indonesia Yuddy Chrisnandi and Ambassador of Malaysia Dato Raja Reza Raja Zaib Shah on the eve of 53rd anniversary of the…
Ukraine in January-June reduced electricity exports by 12.3% (by 374.6 million kWh) YoY, to 2.676 billion kWh, according to data from Ukrenergo. The supply of electricity from the energy island of Burshtyn TPP to Hungary, Slovakia and Romania decreased by 12.9% (by 263.2 million kWh), to 1.772 billion kWh. Electricity supplies to Poland increased by…
The Cabinet of Ministers has channeled almost UAH 1.7 billion in subventions from the state budget into the socio-economic development of the regions. “The government endorsed a decision to allocate almost UAH 1.7 billion within the program of socio-economic development of the regions. These funds will be allocated to meet the needs of the people,…
The French flag carrier Air France will resume direct regular flights to Ukraine from July 13. The airline will operate flights on the Paris-Kyiv route, which will connect Paris Charles de Gaulle Airport and Boryspil International Airport. First, flights will be performed twice a week – on Tuesdays and Fridays. Starting from August 24, Air…
Ukraine’s budget deficit of 7.5% is not a problem, according to the Prime Minister Denys Shmyhal. He said this during a virtual roundtable meeting entitled “Ukraine Reforms: What Next?” organized by Chatham House. “This is a much smaller deficit than in many European countries, where the deficit can fluctuate at 10%. That is, 7.5% is…
New harvest onion prices in Ukraine have dropped by almost 60%. Today, one can buy quality onions from farmers in the country’s southern regions for UAH 2.5 ($0.09) per kilogram. The price of the vegetable in retail is a third higher. At the same time, the average wholesale prices of onions in Ukraine this season…