The Ministry of Economic Development, Trade and Agriculture has projected in its macroeconomic forecast that the average salary in Ukraine will grow to UAH 12,500 in 2020, Minister of Economic Development, Trade and Agriculture Tymofiy Mylovanov wrote on Facebook. “According to the macroeconomic forecast of the Economic Development Ministry, such average salaries are projected for…
The Turkish company MNG will build a 5 MW solar power plant in Zhytomyr region, the press service of Zhytomyr Regional State Administration reports. “Chairman of Zhytomyr Regional State Administration Vitaliy Bunechko has signed a memorandum of cooperation with the Turkish company MNG on the construction of a solar power plant with a capacity of…
Ukrainians in October bought $1.505 billion in cash via the banking system, which was $91.5 million up on the amount of foreign currency they sold. The excess was reported after in September forex cash sales were higher than purchases, the National Bank of Ukraine said on its website. In 10 months forex sales by households…
The decision by the National Bank of Ukraine (NBU) on reducing the key policy rate by 1%, to 15.5%, is based on the main assumption of an updated macroeconomic outlook for successful cooperation with the International Monetary Fund (IMF), the press service of the central bank reported this with a reference to the summary of…
DTEK has launched the Pokrovsk Solar Power Plant (240 MW), the second largest solar farm in Europe by installed capacity, according to the company’s press service. “The Pokrovsk SPP will generate annually 400 million kWh of green electricity, which is enough to supply 200 thousand private households. The solar farm helps reduce CO2 emissions into…
The National Bank of Ukraine (NBU) maintained its preliminary inflation forecast for 2019 -2021 and improved economic growth forecast up to 3.5-4%, the central bank stated in its quarterly inflation report for October, according to the NBU press service. “Inflation will have fallen to 6.3% by the end of the current year and come to…
In the three quarters of 2019 Ukrainian banks received UAH 48.35 billion in net profit compared to UAH 10.9 billion over the same period last year. UAH 27.4 billion – over half of this financial result – accounts for PrivatBank, the press service of the National Bank of Ukraine reports. In general, the bank revenues…