The National Bank of Ukraine (NBU) expects that the economic recovery in Ukraine will begin at the end of the third quarter, First Deputy NBU Governor Kateryna Rozhkova has said. “We expect, based on the forecasts we hear, that from the end of the third quarter, the economy will recover and customers and banks will…
In January-February, Ukraine produced 245.58 thousand tons of wheat and wheat-rye flour, down by 7.4% YoY, declared the State Statistics Service. In particular, in February Ukraine produced 121.46 thousand tons of flour, down by 12.2%. (APK-Inform/Business World Magazine)
Experts say the harvest of buckwheat in Ukraine in 2020 may grow by 13.3% YoY, to 96,400 tons, while that of peas may rise by 20%, to 687,400 tons. As for the grain group, yields of rye and spring wheat are also expected to increase, to 355,400 tons (by 6.7%) and to 696,800 tons (5.3%),…
The economic pressures resulting from the spread of the coronavirus and the lower oil price are credit negative for banks in Ukraine and neighboring markets, and could result in negative rating actions, Fitch Ratings says. Fitch has revised banking sector outlooks to negative for seven of the eight markets it covers in the region –…
The former Minister for Development of Economy, Trade and Agriculture of Ukraine, Tymofiy Mylovanov criticized the proposal of the Government of Ukraine to temporally close all enterprises in the country, in order to stop the further spread of coronavirus. In particular, the ex-minister believes that such measures will have negative consequences for the country’s economy.…
The unemployment rate in Ukraine in October-December 2019 increased to 8.7% from 7.3% reported in the third quarter of 2019, or 1.6 million citizens in absolute numbers, the State Statistics Service reported. The report says the number of employed citizens aged 15-70 in the fourth quarter of 2019 amounted to 16.5 million. The employment rate…
Ukraine will leave Boryspil International Airport the only operating one as part of the measures to curb Covid-19 spread, that’s according to Minister of Infrastructure Vladyslav Krykliy. “Only Boryspil International Airport will remain operating in Ukraine. From 12:00 on March 24, passengers are also barred from air travel for tourism. I apologize for the inconvenience,…