Ukraine’s Social Policy Ministry predicts poverty in Ukraine will have grown to 45% by late 2020, up by 6.5% YoY. According to M.V. Ptukha Institute for Demography and Social Studies of the National Academy of Sciences of Ukraine, poverty in 2019 was 38.5%, down by 4.7%. “Thus, media reports about a “sharp increase in poverty…
The Cabinet of Ministers has approved the annual report of JSC CB PrivatBank for 2019, according to Prime Minister Denys Shmyhal. “We have approved the annual report of PrivatBank for 2019: 75% of net profit totaling UAH 24.4 billion. Another 5% of the bank’s net profit totaling UAH 1.6 billion will be sent to the…
Ukrainian Infrastructure Minister Vladyslav Kryklii says the Cabinet of Ministers, Ukraine’s government, has decided to relaunch the subways on May 25. “The transport system in Ukraine will become gradually operational from May 22. Regular and chartered passenger transportation by road on urban, commuter, regional and international routes will be resumed from May 22; passenger transportation…
Small and medium-sized enterprises should be given the same opportunities to enter the international market as a large business has. President of Ukraine Volodymyr Zelensky made a corresponding statement at a meeting on accelerating export growth and attracting investment to Ukraine as a guarantee of economic stability, the press service of the Head of State…
In April, Ukrainian producers exported 9.1 thousand tons of sugar, down 2-fold MoM (19.6 thousand tons). “At the end of March, we saw some recovery on the London Stock Exchange. As a result, the demand for Ukrainian sugar grew slightly and producers were able to supply almost 20,000 tons of sugar to the foreign markets…
The net profit of JSC Oschadbank reached UAH 3.3 billion in January-April, the bank’s press service reported. “In the conditions of severe business restrictions related to the coronavirus pandemic, Oschadbank continues to ensure stable and profitable operations, which is confirmed by the results and key indicators for the first four months of 2020. The net…
In January-March, the amount of private money transfers through traditional and unofficial channels to Ukraine made up more than $2.9 billion, and from Ukraine – almost $154 million, according to data published by the National Bank of Ukraine (NBU) on Facebook. In particular, $106 million in equivalent was sent from Ukraine through money transfer systems.…