The focus of selling Ukrainian peas shifted from India to the EU, particularly Spain and Italy. In 2017-2018 MY, Ukraine supplied 43% of peas to India. In 2019-2020 MY, the figure reduced to 13%. At the same time, the share of Italy also totaled nearly 13% and the share of Spain reached 19%. Moreover, Turkey…
A significant increase in the minimum wage in Ukraine may affect macroeconomic indicators and inflation in general, according to the National Bank of Ukraine (NBU), Deputy NBU Governor Dmytro Sologub has said. “If there is an increase in the minimum wage and it is significant enough, it will affect macroeconomic indicators, budget indicators, inflation and…
Acting Energy Minister of Ukraine Olha Buslavets has signed an agreement on the contribution between Ukraine and the EBRD on participation in the Eastern Europe Energy Efficiency and Environment Partnership (E5P), the ministry’s press service has reported. “The signing of the agreement will allow Ukraine to continue its participation in the E5P Fund. Such interest…
The State Statistics Service of Ukraine has listed foodstuffs that have jumped in prices the most since the beginning of 2020. The price of apples is the highest now, as it has doubled this year. The runner-up is carrots, since their price has also almost doubled. At the same time, prices of onions, cabbage and…
Ukraine exported agricultural products worth $10.4 billion in January-June, up by $0.1 billion YoY, the Institute of Agrarian Economics (IAE) reported. “According to the State Statistics Service of Ukraine, exports of agricultural products remained almost the same as in the relevant period last year (+$0.1 billion) and amounted to $10.4 billion,” reads the report. In…
The Finance Ministry expects that a decline in the Ukrainian economy will be less than earlier predicted by the International Monetary Fund (IMF), Finance Minister Serhiy Marchenko has stated. “We rely on the forecast of the Ministry for Development of Economy, Trade and Agriculture. A decline is projected at 4.8% of GDP. There is every…
The Hungarian low-cost airline Wizz Air has announced the launch of 14 new routes from Ukrainian airports to Italian cities, the airline’s press service reports. “Wizz Air, Ukraine’s leading low-cost airline and Europe’s most eco-friendly airline, has announced 14 new flights to / from Ukraine. With new flights, Wizz Air is reconnecting Italian destinations with…