There was a net outflow of foreign direct investment (FDI) from Ukraine in the first quarter of this year of $1,451 million, reversing the trend of inflows of the last several years, according to data from State Statistics Agency. Ukraine has been attracting foreign investment but at disappointingly low levels. New FDI in 2019 was…
The Hungarian low cost airline Wizz Air has opened the second base in Ukraine at Lviv International Airport. According to the press service of the Infrastructure Ministry of Ukraine, in July the company will operate five new flights from western Ukraine, in particular, from Lviv to Billund (Denmark), Tallinn (Estonia), Lisbon (Portugal), Hamburg (Germany) and…
The Business Activity Outlook Index (BAOI) calculated by the National Bank of Ukraine (NBU) grew by 9.6 points in June, to 45.5 points. This is lower than the neutral index reading of about 50 and means that pessimistic expectations of business prevail, the regulator said on its website. “Ukrainian business is gradually recovering from the…
Motor Sich Airlines has announced it cancels flights between Zaporizhzhia and Minsk from July 17 till July 31 due to the difficult epidemiological situation. “Due to the continuing complicated epidemiological situation caused by the spread of acute respiratory disease COVID 19/SARS-CoV-2 coronavirus, Motor Sich Airlines changed the flights schedule. Flights between Zaporizhzhia and Minsk were…
A total of 69% of Ukrainians have experienced the economic impact of the coronavirus COVID-19 pandemic. “Almost a third of respondents reported losing their jobs, while over half spent their savings and cut their expenses on food. People from rural areas, industrial workers and households with unemployed members suffered the most,” according to a survey…
Ministry for Development of Economy, Trade and Agriculture says the share of the shadow economy in 2019 fell by 3% against 2018, from 31% to 28% of the country’s official GDP. The figures are mentioned in the report titled “General Trends of the Shadow Economy in Ukraine”, which was posted on the ministry’s website. The…
In May, the average nominal salary in Ukraine amounted to UAH 10,542, up by 3% YoY, according to the State Statistics Service. “The average nominal salary of a full-time employee of enterprises, institutions and organizations made up UAH 10,542 in May, up 2.2-fold from the minimum wage (UAH 4,723). The average nominal salary increased by…