JSC Ukrzaliznytsia in the near future intends to launch trains to the territory bordering the temporarily occupied Crimea. Ukraine cannot launch trains to the peninsula yet, JSC Ukrzaliznytsia Board Chairman Volodymyr Zhmak has declared. “We are working on the resumption of railway connection with the territories adjacent to Crimea. Unfortunately, we cannot enter Crimea itself,”…
The National Bank of Ukraine (NBU) has held a refinancing tender to provide 15 banks with UAH 8.472 billion ($302 million) in refinancing loans at an interest rate of 6% per annum, with a five-year maturity period. In addition, the regulator satisfied the applications of two banks for UAH 182 million ($6.5 million) in refinancing…
In 2020, Ukraine increased exports of vegetable and animal fats by 22% and remained the largest sunflower oil exporter to the European Union. “As for vegetable and animal fats, Ukraine increased exports of these products by 22%. This growth was achieved primarily due to the growth of sunflower production, domestic processing and increased sales of…
Head of the Center of Public Finance and Governance at Kyiv School of Economics (KSE) Daryna Marchak said the national budget for 2020 was fully implemented due to the aggressive borrowing policy of the Finance Ministry in December 2020. “In December 2020, the Finance Ministry borrowed UAH 166 billion ($5.9 billion) to the state budget,…
In January-November 2020, the net profit of Ukrainian banks amounted to UAH 43.365 billion, according to data provided by the National Bank of Ukraine (NBU). The result is UAH 15.6 billion less than in the same period last year (UAH 59.001 billion). As of December 1, 2020, there were 74 operating banks in Ukraine. (Ukrinform/Business…
Minister of Economic Development, Trade and Agriculture Ihor Petrashko said that 40.7% of the total volume of Ukrainian foreign trade in goods accounted for the countries of the European Union. “The EU is Ukraine’s main trading partner with a share of trade in goods of 40.7% of Ukraine’s total foreign trade,” Petrashko announced. According to…
The Ukrainian Stock Breeders Association says the prices of dairy products in Ukraine have been at the peak since September 2020, and the trend will continue for at least the entire first quarter. A number of factors caused such a situation. The major one is a poor harvest of the crops included in the cows’…