Private joint-stock company Farmak (Kyiv), the pharmaceutical company, did not halt production and would gradually exit lockdown, the press service of the company reported. “Farmak continues production as usual. All lines are working as planned. However, after lockdown was announced all over the country on March 12 and the Health Ministry recommended that enterprises transfer…
Ukraine’s banking sector saw its profit grow by 23.8% YoY in the first quarter of 2020, to UAH 16 billion, the press service of the National Bank of Ukraine (NBU) reported. At the same time, in March alone, the banking sector received only UAH 97 million in profit due to a sharp increase in allocations…
The National Bank of Ukraine (NBU) says the country’s international reserves as of May 1 totaled $25.695 billion, up by 3.1% MoM. “As of May 1, Ukraine had an equivalent of $25,695.0 million in international reserves, according to preliminary data. In April, they increased by 3.1%. The increase was primarily driven by the NBU’s reserves…
Ukraine’s Chief Medical Officer Viktor Liashko has said the government plans to reopen subways in Ukraine at the fourth stage of getting out of the coronavirus-related quarantine set in the country. “We planned to reopen the subways at the fourth stage, when the number of new unrelated cases of COVID-19 would be less than five…
The Norwegian company Scatec Solar has completed the connection to the network and launched the second project in Ukraine – a 54 MW solar power station near Bohuslav (Kyiv region). “We are pleased to complete our second project in Ukraine less than ten months after closing the financing. The Bohuslav solar plant will lead to…
SOCAR Energy Ukraine, a subsidiary of the State Oil Company of Azerbaijan, will finance the construction of a service hub for Ukrainian citizens at the Chongar checkpoint of entry and exit, the press service of the Ministry of Infrastructure has reported. According to the Ministry of Reintegration of temporarily occupied territories of Ukraine, the hub…
Lockdown measures to battle the coronavirus pandemic will cause Ukraine’s economy to shrink by 1% in the first quarter of 2020 and by 10.9% in the second quarter, a Reuters monthly poll of analysts said. The government has forecast that the country’s gross domestic product will shrink by about 5% overall this year and the…