Milk production in Ukraine decreased by 3.6% YoY in January-May, according to the State Statistics Service. In particular, milk output amounted to 3.64 million tons, including 1.15 million tons produced by agricultural enterprises (-1.2%) and 2.49 million tons by private households (-4.7%). The highest volumes of milk production over the reporting period were recorded in…
The Cabinet of Ministers, Ukraine’s government, plans to introduce a funded pension system in Ukraine from 2021 and stimulate the development of a private pension system. The Cabinet also intends to adapt to the EU laws Ukrainian legislation on private pension funds to enhance protection of property rights and interests of pensioners, according to the…
Director of Expert Assessments Institute Viacheslav Butko has said the official forex rate of the hryvnia, Ukraine’s national currency, will remain stable in summer thanks to financial assistance from the International Monetary Fund (IMF) and the European Union. “Since we have received an IMF loan and we have received financial assistance from the EU, we…
Gas Transmission System Operator (TSO) of Ukraine LLC and PJSC Ukrenergo National Power Company have launched the cooperation on consolidating the development of the gas transmission and energy systems of Ukraine, according to the Corporate Communications Department of Gas TSO of Ukraine. “Gas TSO of Ukraine and Ukrenergo held a joint strategic session on planning…
The international reserves of Ukraine until the end of 2020 may exceed the level of $27.2 billion in the April forecast of the National Bank of Ukraine (NBU), the press service of the regulator has reported. “The relatively favorable situation in the world commodity markets, a significant decline in imports and the signing of a…
Prime Minister Denys Shmyhal expects Ukraine’s economy to grow from the beginning of the third quarter and sees no reason for collapse in the fall. “We have macroeconomic projections for the development of Ukraine’s economy from the Economic Development Ministry which are based on the work of think tanks, research institutions. We also have macroeconomic…
Finance Minister Serhiy Marchenko says Ukraine has suspended its large-scale privatization campaign in the wake of the coronavirus (COVID-19) quarantine. “Funds from privatization are practically not earmarked in the national budget. By changing the budget, we have reduced the amount of revenue from privatization as much as possible, sending a signal to all investors that…