Ukraine

Ukraine: active business lending by banks to stimulate economic development and strengthen country’s defence capability

Reconstruction of destroyed housing, incentives for banks to participate in government programmes and active lending to small and medium-sized enterprises, increasing trust in government institutions and the banking sector – these and other issues were discussed by First Deputy Prime Minister and Minister of Economy of Ukraine Yuliia Svyrydenko with representatives of Ukrainian and international…

Ukraine: NBU reduces key policy rate to 15%

The National Bank of Ukraine (NBU) has decided to reduce its key policy rate to 15%, NBU Governor Andrii Pyshnyi has said. “The Board of the National Bank of Ukraine decided to set its key policy rate at 15% from December 15,” he said. The National Bank of Ukraine raised the key rate to 10%…

Ukraine: trade with Turkiye reaches $8 billion

Since the outset of Russia’s full-scale invasion, the volume of trade between Ukraine and Turkiye has reached the historic high, as Turkish investors continue to implement their projects in Ukraine despite the ongoing war, the head of the board of the Turkish-Ukrainian business association Burak Pehlivan has said. According to the official, the volume of…

Ukraine: government and partners preparing reform matrix to cover all areas

Despite russia’s full-scale aggression, Ukraine’s commitment to reform and national transformation remains unwavering. This was emphasised by Prime Minister Denys Shmyhal at the opening of the OECD’s regular ministerial-level meeting, Eurasia Week 2023. “We are moving forward. We have set ourselves ambitious goals, including Ukraine’s membership in the European Union and the OECD in the…

Ukraine: economy showing positive signs

In the third quarter of this year, the country’s GDP grew by 9.3% YoY. This is higher than expected. This was underlined by Prime Minister Denys Shmyhal at a Government session on December 12. “Despite the huge economic downturn at the beginning of the large-scale war, the economy is now showing positive signs,” said Denys…