Renewable energy companies in Ukraine said they had written to the International Monetary Fund stating that the government’s plan to lower energy tariffs would complicate the country’s cooperation with the IMF. The IMF is expected on June 5 to approve a $5-billion loan package for Ukraine, which has been hit hard by the coronavirus crisis,…
Ukraine’s national budget in January-May received UAH 381.75 billion ($14.2 billion) of revenues, down by UAH 50.256 billion ($1.88 billion) or 11.6% from the target, according to the website of the State Treasury Service of Ukraine. Revenues received for the specified period are 2.4% lower YoY. In May, the state budget received UAH 66.903 billion…
Infrastructure Minister Vladyslav Kryklii says Ukraine will resume international and domestic flights from June 15. “Domestic flights may be relaunched even sooner. We are also working on this now,” he said. The most popular tourist destinations, namely Turkey, Greece, Cyprus and Georgia, will be relaunched first. Flights with Italy and Spain are definitely not to…
Operating banks in Ukraine in January-April posted UAH 25.208 billion, or $938.1 million, in profit, up by 39% YoY. The banks’ revenue increased by 16.8%, to UAH 90.004 billion ($3.3 billion), and expenses grew by 9.9%, to UAH 64.796 billion ($2.4 billion), the National Bank of Ukraine said on its website. Data per bank is…
Ihor Sikorsky Kyiv International Airport (Zhuliany) may not survive the COVID-19 crisis, if the government fails to provide support, the airport’s press secretary, Halyna Bohdanenko, says. The airport needs not so much financial assistance, but above all the regulatory support on the part of government, she said. “We’ve been trying for several months to have…
In April, the average nominal salary in Ukraine amounted to UAH 10,430, up by 1.6% YoY, according to the State Statistics Service. “The average nominal salary of a full-time employee of enterprises, institutions and organizations made up UAH 10,430 in April, up 2.2-fold from the minimum wage (UAH 4,723). The average nominal salary decreased by…
In the first quarter of 2020, investments in Ukraine’s economy decreased by 29% and in the agriculture sector – by 35.3%, Oleksandr Zakharchuk, Head of the Investment, Material and Technical Resources Department at the National Research Center “Institute of Agrarian Economics” (IAE), stated referring to data released by the State Statistics Service. “In January-March, total…