The Ministry of Economic Development, Trade and Agriculture of Ukraine is monitoring the situation with the coronavirus outbreak in the world and its impact on the global economy, but does not yet see any negative consequences for the Ukrainian economy, Minister of Economic Development, Trade and Agriculture of Ukraine Tymofiy Mylovanov has said. “We are…
Ukraine and Turkey expand scheduled air service between the countries. “Following the negotiations at the level of the aviation agencies of Ukraine and Turkey in Ankara on February 20, the existing conditions of scheduled air service on routes between Ukraine and the Republic of Turkey were expanded,” the State Aviation Administration of Ukraine informs. The…
Ukraine’s largest state-owned PrivatBank said Ukrainians in 2019 received $1.16 billion from abroad via money remittance systems through the banks’ services. In particular, major money transfers to Ukraine via PrivatBank arrived from the United States ($194 million), Israel ($169 million), Italy ($107 million), Russia ($97 million) and Poland ($73 million), the bank’s press service reported.…
Ukrainian Minister for Development of Economy, Trade and Agriculture Tymofiy Mylovanov believes that in the current conditions the National Bank of Ukraine (NBU) has every reason to reduce its key policy rate to 7% before the middle of 2020, rather than at the end of the year the regulator projected earlier. “According to the National…
The State Road Agency of Ukraine (Ukravtodor) has hosted a meeting of the delegation of German experts on infrastructure development chaired by Rainer Bomba, the former State Secretary at the Federal Ministry of Transport and Digital Infrastructure of Germany. “Ukraine has ambitious plans backed by record funding and a clear action plan. We attract funds…
Ukraine’s agricultural products imports from the European Union in 2019 were estimated at $3.13 billion, which accounted for more than 50% of the country’s food imports in monetary terms. “Shipments from Europe in monetary terms grew from $2.695 billion in 2018 to $3.133 billion in 2019. For the first time over Ukraine’s independence, the share…
$10 billion in direct investment in the Ukrainian villages by 2024 will contribute to the creation of high well-being standards and comfortable living conditions for rural residents. Minister of Economic Development, Trade and Agriculture Tymofiy Mylovanov said this at the meeting of the Verkhovna Rada Agrarian Committee during the presentation of the report on progress…