If the Ukrainian government introduces a full lockdown across the country, the drop in GDP in the fourth quarter of 2020 will amount to 3.7%, not 7% as predicted. Thus, stricter quarantine’s blow on the economy will not be too devastating, economist with the Ukraine Economic Outlook, Mykhailo Kukhar, has declared. The fall in GDP…
The minimum wage in Ukraine will rise to UAH 6,000 from January 1, 2021 and to UAH 6,500 from December 1, 2021, Ukrainian Prime Minister Denys Shmyhal said at a government meeting on December 2. “The minimum wage, as promised, will rise to UAH 6,000 from January 1. The increase in the minimum wage to…
First Deputy Minister for Strategic Industries of Ukraine Valeriy Ivashchenko and Deputy Defense Minister of Brazil Marcos Rosas Degaut Pontes have signed a memorandum of understanding. Vice Prime Minister of Ukraine – Minister for Strategic Industries Oleh Urusky noted that he considered cooperation between Ukraine and Brazil as complementary, because both countries had something to…
The Ukrainian government is working to open 33 new markets for a range of Ukrainian products. That’s according to a statement by the State Food and Consumer Service. “In the near future, the opening of the following markets is expected: Canada – poultry meat; the People’s Republic of China – fish and fish products, feed,…
In January-October, Ukraine’s construction output grew by 1.9% YoY, according to the data provided by the State Statistics Service of Ukraine. Ukraine’s total volume of construction products reached UAH 140.9 billion. Of this amount, new construction accounted for 37.6%, repairs (major and maintenance) totaled 34.8%, reconstruction and technical re-equipment – 27.6%. In particular, residential buildings…
The average electricity price in Ukraine in the second quarter was higher than in European Union member states. That is according to the European Commission’s Quarterly Report on European Electricity Markets. It particular, over the period under review, the highest electricity rates in Europe were registered in the Burshtynska Energy Island – the area of…
Head of Ukraine’s state-run Ukroboronprom Concern Ihor Fomenko says missiles and radars are the most popular Ukraine-made weapons sold abroad. “These are the Skif, Stugna and Corsar missile systems, which are very popular. Ukrainian radar systems, missile systems, spare parts for aviation equipment are also popular abroad. These are missile launchers for the Navy of…