Ukraine: Finance Ministry attracts UAH 8.3 billion to state budget from sale of government bonds

The Finance Ministry attracted UAH 8.3 billion to the state budget following auctions on the placement of domestic government bonds on July 14, the ministry’s press service has reported on Facebook. “At auctions on the placement of domestic government bonds, the Finance Ministry offered investors three issues of hryvnia securities with a maturity of three…

Ukraine: U.S. increases COVID-19 related funding

The United States has increased COVID-19 related funding for Ukraine by $1.8 billion. “Earlier this month, the United States announced an increase in COVID-19 related funding for Ukraine, from $15.5 million to nearly $17.3 million. The newest funding of nearly $1.8 million will support the International Organization for Migration’s activities in eastern Ukraine, supporting internally…

Ukraine: cashless payments up in May 2020

The volume of non-cash payments in May grew to 55.5% of all operations from 50.3% in January, and their number increased to 87% from 82.4%, the press service of the National Bank of Ukraine (NBU) reported on its Facebook page. “During the quarantine, non-cash payments proved their safety and convenience. Therefore, the choice of Ukrainians…

Ukraine: GDP down in January-May 2020

Ukraine’s gross domestic product (GDP) decreased by 5.9% YoY in January-May, according to the latest Economic Activity Report released by the Ministry for Development of Economy, Trade and Agriculture. In particular, the reduction of ISP (consolidated index of goods and services production by main economic activities) totaled 7.3% (a 6.7% decline in January-April) and respectively…

Ukraine: electricity export down in H1 2020

Ukraine in January-June reduced electricity exports by 12.3% (by 374.6 million kWh) YoY, to 2.676 billion kWh, according to data from Ukrenergo. The supply of electricity from the energy island of Burshtyn TPP to Hungary, Slovakia and Romania decreased by 12.9% (by 263.2 million kWh), to 1.772 billion kWh. Electricity supplies to Poland increased by…