A gradual economic recovery in Ukraine is expected in the second half of 2020, but economic activity will remain lower than before the crisis and real GDP may drop by 5.9% this year, Ukraine’s Institute for Economic Research and Policy Consulting has said in a survey for April entitled “Ukraine’s Macroeconomic Forecast – Corona Crisis”.…
The number of vacancies in the Ukrainian labor market has decreased by 34% over the past two week of quarantine, the National Bank of Ukraine (NBU) has reported this in its weekly economic review. According to the report, during the second week of quarantine, the number of new vacancies continued to decline, although at a…
Almost half of Ukrainians entrepreneurs (48%) of micro-, small- and medium-sized businesses surveyed by the Union of Ukrainian Entrepreneurs (UUE) consider it necessary to ease restrictive measures after the end of the coronavirus quarantine set in Ukraine until April 24. At the same time, 33% of respondents believe that it will be better to find…
The Cabinet of Ministers at its extraordinary meeting approved a resolution prohibiting buckwheat exports until July 1. “The regulation introduces a temporary regime – until July 1 – the regime of licensing and quotas for the export of buckwheat and hulled buckwheat grain (without bran covering). In particular, a zero quota has been set for…
Ukraine’s imports of natural gas rose to 2.7 billion cubic meters in the first quarter of 2020, up by 76% YoY, according the LLC Operator of the Gas Transmission System of Ukraine (OGTSU). In particular, Ukraine’s imports from Slovakia amounted to 1.9 billion cubic meters (+99%), Hungary – 0.5 billion cubic meters (+58%) and Poland…
The deficit of Ukraine’s foreign trade in goods and services in January and February amounted to $590 million, which was half the figure reported in the same period of 2019. As the National Bank of Ukraine (NBU) said on its website, the deficit of foreign trade in goods over this period decreased by 29%, to…
The State Food and Grain Corporation of Ukraine (SFGCU) is launching flour production at four of its own enterprises to cover demand on the domestic market during the quarantine period. “SFGCU is ready to work on ensuring the country’s food security during the quarantine period amid the fight against COVID-19. As early as this week,…