The deficit of Ukraine’s national budget in January-July was estimated at UAH 51.195 billion, or $1.9 billion, against UAH 2.857 billion ($104.3 million) in deficit reported last year, before the coronavirus-related crisis. The deficit of the country’s consolidated budget over the period under review was UAH 32.067 billion ($1.2 billion) against UAH 22.7 billion ($828.8…
The foreign ministers of Ukraine and the Republic of Kenya, Dmytro Kuleba and Raychelle Omamo, agreed to intensify trade and investment cooperation between the countries. The two ministers had a phone conversation on August 27, according to the Foreign Ministry’s press service. “The interlocutors dwelled on the prospects of trade cooperation. Kuleba assured that the…
Prices of foodstuff in Ukraine changed in August, in particular, prices of meat and sausages went up, while those of vegetables from Ukraine’s so-called “borsch set” and certain cereals went down. Onions in August fell in price by 15% YoY and by 8% MoM, to UAH 7.50 ($0.27) per kilogram, according to data from the…
The decline in Ukraine’s industrial output in July slowed down to 4.2% YoY after sliding by 5.6% in June, the State Statistics Service reported. Taking into account the adjustment for the calendar-day effect, it fell by 4.4%, the stats agency said in its recent report. Compared to the previous month, industrial production in July increased…
The Verkhovna Rada, Ukraine’s parliament, has adopted the law “On the Ratification of the Financial Agreement “European Roads Ukraine III (Trans-European Transport Network Development Project) between Ukraine and the European Investment Bank””. A total of 288 MPs voted for a respective decision at an extraordinary parliament meeting on August 25. The adoption of the law…
Governor of the National Bank of Ukraine (NBU) Kyrylo Shevchenko and U.S. Charge d’Affaires a.i. in Ukraine Kristina Kvien discussed reforming corporate governance in state-owned banks, continuing cooperation with international partners, in particular the IMF, as well as strengthening cooperation between Ukraine and the U.S. Shevchenko noted that strengthening corporate governance and reducing the NPL…
In 2021, Ukraine’s economy will resume growth, while inflation will remain moderate. These conclusions were reached during a meeting of representatives of the NBU, the Government and leading Ukrainian economists, the NBU press service reported on Facebook. The panelists agreed that in 2021 the economy would enter a growth trajectory, while inflation would remain moderate.…