The Deposit Guarantee Fund sold insolvent banks’ assets worth UAH 184.56 million last week, the fund’s press service reported. “Last week (July 6-10) the assets of seven banks, which were in the management of the Fund, were sold for a total sum of UAH 184.56 million,” reads the report. In particular, UAH 146.49 million was…
The volume of non-cash payments in May grew to 55.5% of all operations from 50.3% in January, and their number increased to 87% from 82.4%, the press service of the National Bank of Ukraine (NBU) reported on its Facebook page. “During the quarantine, non-cash payments proved their safety and convenience. Therefore, the choice of Ukrainians…
Ukraine’s international reserves grew by more than $3 billion in June, according to Prime Minister Denys Shmyhal. “Now they amount to more than $28.5 billion. This is the highest level of reserves in the last eight years. Current reserves cover almost five months of imports, and this is one of the key factors of macro-financial…
Ukraine’s gross domestic product (GDP) decreased by 5.9% YoY in January-May, according to the latest Economic Activity Report released by the Ministry for Development of Economy, Trade and Agriculture. In particular, the reduction of ISP (consolidated index of goods and services production by main economic activities) totaled 7.3% (a 6.7% decline in January-April) and respectively…
Ukraine seeks to increase trade turnover with ASEAN countries to $5 billion, Foreign Minister of Ukraine Dmytro Kuleba stated at a meeting with Ambassador of Vietnam Nguyen Anh Tuan, Ambassador of the Republic of Indonesia Yuddy Chrisnandi and Ambassador of Malaysia Dato Raja Reza Raja Zaib Shah on the eve of 53rd anniversary of the…
Ukraine in January-June reduced electricity exports by 12.3% (by 374.6 million kWh) YoY, to 2.676 billion kWh, according to data from Ukrenergo. The supply of electricity from the energy island of Burshtyn TPP to Hungary, Slovakia and Romania decreased by 12.9% (by 263.2 million kWh), to 1.772 billion kWh. Electricity supplies to Poland increased by…
The Cabinet of Ministers has channeled almost UAH 1.7 billion in subventions from the state budget into the socio-economic development of the regions. “The government endorsed a decision to allocate almost UAH 1.7 billion within the program of socio-economic development of the regions. These funds will be allocated to meet the needs of the people,…