Consumer inflation in Ukraine in January amounted to 3.2% YoY, slowing down from 4.1% in December 2019, according to the State Statistics Service of Ukraine. Compared with the previous month, consumer prices in January grew by 0.2%. The agency said the largest price increase in annual terms was recorded for fruit and education services –…
The National Bank of Ukraine (NBU) forecasts a temporary reduction by around 66.7% in gas imports in 2020, to 5 billion cubic meters. This is due to high gas stocks in the country’s underground storage facilities (USFs), according to the NBU’s January 2020 Inflation Report, published on the regulator’s website on February 6. However, Ukraine…
The National Bank of Ukraine (NBU) estimateed that the number of Ukrainian migrant workers in Poland in 2019 was almost 1 million people. “In 2019, the number of migrant workers from Ukraine in Poland was estimated at almost 1 million people,” the NBU said in its inflation report for January 2020. “Representatives of the occupations…
Profit of Ukrainian agricultural enterprises in 2019 was driven by milk production revenues, which reached over UAH 2.6 billion ($104.8 million) accounting for the major share in livestock profit, says Director of the National Scientific Center “Institute of Agrarian Economics”, Yuriy Lupenko. “However, profit of agricultural enterprises off of milk production in 2019 shrank by…
President of the European Business Association (EBA), CEO of Dragon Capital Tomas Fiala says Ukraine’s economy may accelerate to 4% in 2020 with inflation at 5.2%. “We expect GDP growth at 4% this year, and at 3.7% next year, while inflation at 5.2% this year and at 6.1% in 2021,” he said at an EBA…
The National Bank of Ukraine (NBU) said Ukrainian labor migrants transferred about $12 billion to the country in 2019. “The favorable situation in the forex market for most of 2019 was determined by good export performance, which was supported by a relatively good pricing environment in foreign markets; record agricultural productivity; moderate growth in goods…
Ukraine’s Windrose Airlines will launch direct flights between Kyiv and Zagreb (Croatia) from June 2, Ambassador of Ukraine to Croatia Vasyl Kyrylych has said. “Croatia and Ukraine are closely connected by the past and the present. This connection will be strengthened by direct flights from Kyiv to Zagreb from June 2 by Windrose Airlines,” the…