Ukraine’s Finance Minister Oksana Markarova has said political uncertainty in Ukraine in connection with presidential and parliamentary elections directly affects the country’s fiscal risks. “The fact that we have a real democracy in our country is very good. The fact that we are unaware of who will be our president when the election campaign begins…
Large and medium-sized enterprises of Ukraine received UAH 353 billion of profit in 2018, according to the Economic Development and Trade Ministry. “Large and medium-sized enterprises in Ukraine improved their financial results in 2018 compared to 2017. Well done, as profitability grew by 4.1%, they earned UAH 580 billion, while losses decreased by 16.4%, to…
S&P Global Ratings predicts the hryvnia, Ukraine’s national currency, will have weakened against the U.S. dollar to UAH 28.6 by the end of 2019. The hryvnia is expected to drop to UAH 29.5 per dollar in 2020, to UAH 30 in 2021, and to UAH 30.5 in 2022, according to the agency’s press release. Ukraine’s…
President Petro Poroshenko has stated that lawyers of oligarch Ihor Kolomoisky will not be able to return PrivatBank to its former owners. “Lawyers of Kolomoisky are working on the denationalization of PrivatBank to return it to its former owners. This may cause a crisis of the banking system. The nationalization of PrivatBank was one of…
In Ukraine, business needs macroeconomic stability, the rule of law, the eradication of corruption and the protection of investments and property, President of the American Chamber of Commerce in Ukraine Andy Hunder said at a meeting with business representatives, held with the participation of President Petro Poroshenko. “Business wants to see economic stability. Reforms should…
The volume of remittances through digital services and PrivatBank offices in 2018 grew by 25% YoY, to $2.6 billion. Over 60% of remittances were received exclusively via digital services, according to the bank’s press service. Referring to the statistics of the National Bank of Ukraine on $5.67 billion of money transfers through official channels, PrivatBank…
In March, the price of vodka, wine and beer of Ukrainian origin rose by an average of 8.6-12.5% YoY, according to data provided by the State Statistics Service of Ukraine. Thus, in March, the price of a bottle of vodka amounted to UAH 91.21 per 0.5 liter on average, up by 11.9%. A bottle of…