The International Monetary Fund (IMF) has worsened the outlook for Ukraine’s economy in 2020. In particular, the GDP will drop from 7.7% to 8.2% as was predicted in April, the IMF said in a press release. According to the Fund, the Ukrainian GDP will start growing again in 2021. In particular, it will grow by…
PrivatBank (Kyiv) has issued the first refinancing loan under the Affordable Loans 5-7-9% program at 0% per annum until the end of March 2021, the Ministry of Economic Development, Trade and Agriculture has said on its website. “Under the Affordable loans 5-7-9% updated program, state-owned PrivatBank refinanced a loan to an entrepreneur in the amount…
Ukraine is not the only country that has faced rising unemployment. As of June 1, over 510,000 unemployed have been officially registered in Ukraine, according to the State Service. However, the actual number of unemployed in May was about 2.5-2.8 million. Moreover, the number of officially unemployed has doubled since quarantine start. Europe is also…
Fitch Ratings has assigned Mykolaiv long-term foreign- and local-currency issuer default ratings (IDRs) of B. “Fitch Ratings has assigned the Ukrainian City of Mykolaiv Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of B with Stable Outlook,” the statement reads. As noted, the ratings reflect Mykolaiv’s Standalone Credit Profile (SCP) of b+ resulting from a…
The volume of services rendered by Ukrainian enterprises in January-March amounted to UAH 226.97 billion, up by 5.5% YoY in comparable prices, the State Statistics Service reported. According to the report, the volume of services sold to the population accounted for 23.1% of the total volume of services sold. The State Statistics Service recalled that…
Sales of cash foreign currency by Ukrainians through the banking system, which were estimated at $908.8 million, exceeded the purchases by $48.6 million in May. Sales of foreign currency have been exceeding the purchases for the sixth consecutive month, according to the website of the National Bank of Ukraine (NBU). Ukrainian citizens in January-May sold…
Trade between Ukraine and Germany grew by 3.1% YoY in 2019, to $9.3 billion, Minister of Economic Development, Trade and Agriculture of Ukraine Ihor Petrashko said at a meeting with German Ambassador to Ukraine Anka Feldhusen, the press service of the Ministry of Economic Development, Trade and Agriculture reported. “Germany is our reliable partner, which…