The Ukrainian economy will begin to recover in 2021 due to positive trends in foreign markets and monetary policy of the National Bank of Ukraine (NBU). Such forecasts were made by Ukrainian presidential advisor on economic issues Oleh Ustenko, the press service of the President’s Office reported. “If we talk about 2021 in general, we…
Ukrainian economic recovery and energy sector reform are in line with the European Green Deal, Deputy Energy Minister of Ukraine Yaroslav Demchenkov has said at the 11th session of the IRENA Assembly. Demchenkov noted that Ukraine adhered to the UN Sustainable Development Goals and the Paris Agreement. The Ministry of Energy is reviewing current Ukraine’s…
Retail trade in Ukraine grew by 8.4% in comparable prices in 2020 against 2019. Retail turnover increased the most in Kyiv region (by 18.7%), Zaporizhia region (by 15.7%) and Chernihiv region (by 14.2%), according to the Ukrainian State Statistics Service. Meanwhile, the turnover dropped by 2.7% only in Zakarpattia region, the report said. Retail trade…
The National Bank of Ukraine (NBU) has decided not to change the discount rate and leave it at the level of 6%, NBU Governor Kyrylo Shevchenko says. “The Board of the National Bank decided to keep the discount rate unchanged at 6% per annum,” Shevchenko said at a briefing on January 21. The NBU notes…
Prime Minister of Ukraine Denys Shmyhal has instructed to prepare a draft memorandum of understanding on the settlement of problematic issues in the sector of centralized heating and hot water supplies in Ukraine. Shmyhal gave such an order during a meeting on tariff policy in the sector of centralized heating on January 20. “All branches…
Banks in 2020 reduced the number of structural divisions by 10.8%, or by 868 branches, to 7,134. According to the data posted on the website of the National Bank of Ukraine (NBU), as of the end of 2020 Oschadbank closed the operation of 490 branches (having reduced their number to 1,837), PrivatBank – 211 (to…
SkyUp Airlines plans to launch flights on the Kyiv-Ostrava-Kyiv (Ukraine – the Czech Republic – Ukraine) route on April 26, the airline’s press service reports. “Now flights are scheduled three times a week: on Mondays, Wednesdays and Fridays. Tickets are already available on the official website,” the report reads. Flights to Ostrava will complement the…