Analyst with the Alpari investment company, Maksym Parkhomenko, warns that the hryvnia, Ukraine’s national currency, may considerably weaken against the U.S. dollar by this weekend. The expert says that, if panic worsens on the market, Ukrainians will be buying dollars at UAH 26. At the same time, Parkhomenko emphasized that the hryvnia should not tumble…
Ukraine’s international reserves grew by $0.3 billion in February, to $26.6 billion, the press service of the National Bank of Ukraine (NBU) reported. “As of March 1, Ukraine’s international reserves, according to tentative data, amounted to $26.623 billion (in equivalent). In February, they increased by 1.3%. An increase in international reserves in February was caused,…
Some of the reforms implemented by the previous governments, including the fight against corruption, will be continued, while some of them will undergo changes. “Reforms are not an end in themselves. Reforms are a tool to improve the life of Ukrainians and make it less corrupt. Of course, we will implement the reforms that have…
Wizz Air considers the Ukrainian air passenger market strategically important and makes plans to expand its presence. “Wizz Air Chief Executive Officer Jozsef Varadi underscores that the Ukrainian air passenger market is strategically important to the company and Wizz Air is making plans to expand its presence,” the press service of the Ministry of Infrastructure…
Electricity supplies to Ukraine from Russia and Belarus were suspended on February 29. In particular, a table on electricity supplies to Ukraine showed that electricity imports from Russia and Belarus were at zero as of 21:00 on February 29. However, the operator of the Ukrainian integrated power grids Ukrenergo reported that it had not restricted…
The average nominal wage of a full-time employee grew by 12.5% in Ukraine in January 2020 against December 2019, while rising by 16.3% YoY, to UAH 10,727, or $437. Real wages in Ukraine in January increased by 12.7% MoM and by 12.5% YoY, the State Statistics Service reported. The average nominal rate of a full-time…
The National Bank of Ukraine (NBU) applied measures of influence to three banks in February due to the violation of legislation in the field of financial monitoring, the central bank’s press service reported. “The National Bank of Ukraine, following inspections on preventing and countering the legalization (laundering) of proceeds of crime, terrorist financing and financing…