Declaring default will stop Ukraine’s economic growth and trigger uncontrolled inflation. “Over the past week, many different statements have been made, including on declaring default. What does default mean? It means zeroing the incomes of Ukrainians, uncontrolled inflation, cessation of economic growth, unclear exchange rate of the national currency. I want to say: this is…
Ukraine’s debt repayments in May-December are estimated at $6.3 billion, including $3.5 billion in foreign debt and $2.8 billion in government bonds denominated in foreign currency. “One of the strongest challenges will be the repayment of state debt in foreign currency,” Chairman of the Council of the National Bank of Ukraine Bohdan Danylyshyn wrote on…
The People’s Republic of China is ready to revise the phytosanitary requirements for Ukrainian barley and abolish the inspection of pest-free places, introduced earlier because of dwarf bunt quarantine in Ukraine. This move will facilitate exports of Ukrainian barley to China, the press service of the Ukrainian Grain Association (UGA) said on Facebook following a…
Ukraine must pay off foreign and domestic debts in the amount of over $5 billion, that’s why the cooperation with the International Monetary Fund (IMF) is extremely important, Governor of the National Bank of Ukraine (NBU) Yakiv Smolii stated at the meeting of President of Ukraine Volodymyr Zelensky with IMF Mmission Chief for Ukraine Ron…
The Chinese company Skywell will launch the production of electric buses in Ukraine, the company’s press service reports on Facebook. “Today we have met honored guests from China – specialists in the development of electric bus technologies. We discussed the possibility and technologies of organizing SKD assembly of the electric buses Skywell in Ukraine. So…
Ukrainian airline Jonika will launch from July 21 new regular flights from Lviv International Airport to the Greek capital, Athens, the airport has reported on its Facebook page. “Flights will be performed on Sundays, departing from Lviv at 16:10 and arriving at Athens at 18:40. In the opposite direction, planes will depart from Athens at…
The growth of capital investments in Ukraine made up 21.7% in the first quarter of 2019, according to data provided by the State Statistics Service of Ukraine. In particular, Ukraine received UAH 108.3 billion in capital investments in January-March, up by 21.7% YoY. The largest investments in the first quarter were made in the country’s…