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…
Cheese exports from Ukraine in January-March totaled 1,600 tons, down by 14% YoY. The shipments of Ukrainian cheese abroad in monetary terms over the period under review shrank by 19%, to $5,800 million, according to customs statistics reports posted by Ukraine’s State Fiscal Service (SFS) on its website. Cheese imports in Q1 increased by 43%,…
Bank deposits in the national currency in Ukraine in March fell by 1%, to UAH 539.4 billion ($20.2 billion), while deposits in foreign currency shrank by 0.7%, to $13.4 billion in the U.S. dollar equivalent. From year-start, bank deposits in hryvnias have decreased by 0.1%, while those in foreign currency grew by 0.2%, according to…
SolarGaps has become the first start-up in Ukraine to receive a EUR 1-million grant in equity free funding under the Horizon 2020 SME Instrument Phase 2. SolarGaps became the first Ukrainian start-up, which received SME Instrument Horizon 2020 Phase 2 grant since the interview stage in Brussels was introduced. The start-up secured EUR 1 million…
In 2018, the proceeds from the tourism industry into the state budget of Ukraine increased by 250%, to UAH 4.2 billion. “The local authorities have significantly increased spending on tourism development owing to the decentralization reform. Kyiv had only UAH 300,000 in 2014, and today it has more than UAH 12 million; Odesa had 0,…