The Ukrainian economy is stabilizing, and the country’s financial system is under control, President Volodymyr Zelensky has said. He stated this at the opening of the seventh session of the Verkhovna Rada on February 1. “Our economy is stabilizing. Everything is under control in the financial system. Revenues to the budget in January were over-fulfilled…
The National Bank of Ukraine (NBU) recorded a decline in currency demand on the interbank foreign exchange market on January 28, according to a press release issued by the central bank. “On January 28, the demand for currency on the interbank foreign exchange market decreased and the hryvnia strengthened to UAH 28.68 per US dollar.…
Ukraine currently has enough resources to ensure its macroeconomic and macro-financial stability. “Macroeconomic stability is the foundation for economic growth. At present, we have enough resources to ensure macroeconomic and macro-financial stability. There is over UAH 27 billion on the Treasury Single Account, more than UAH 30 billion on foreign currency accounts. The NBU reserves…
Consumer inflation in Ukraine in 2021 reached 10%, the press service of the National Bank of Ukraine (NBU) reported. “In 2021, consumer inflation was 10%. The target of 5% + 1% was exceeded more significantly than expected a year ago. To a large extent, inflationary trends in Ukraine reflected global processes,” the report says. The…
Ukrainian Foreign Minister Dmytro Kuleba and Danish Prime Minister Mette Frederiksen have discussed the issues of support for Ukraine’s economic and financial stability. The meeting was held as part of an official visit of the Ukrainian Foreign Minister to Copenhagen on January 27. The parties agreed on further participation of Denmark in supporting the reform…
In July-December 2021-2022 MY, Ukraine exported record 15.9 million tons of wheat, up by 27% YoY. Traditionally, North Africa (24%), Middle East (24%) and Southeastern Asia (23%) were the leading importers of Ukrainian wheat. Particularly, the shipments to Southeastern Asia remained virtually unchanged at 3.7 million tons, supplies to North Africa increased by 20%, to…
Asian countries will experience the energy crisis that may arise in Europe as a result of possible Russia’s invasion of Ukraine. “When you have an energy crisis in Europe, that means we have an energy crisis in Asia simultaneously. Because if Europe feels the necessity to buy more gas, they go to Qatar and they…