The former Minister for Development of Economy, Trade and Agriculture of Ukraine, Tymofiy Mylovanov criticized the proposal of the Government of Ukraine to temporally close all enterprises in the country, in order to stop the further spread of coronavirus. In particular, the ex-minister believes that such measures will have negative consequences for the country’s economy.…
The unemployment rate in Ukraine in October-December 2019 increased to 8.7% from 7.3% reported in the third quarter of 2019, or 1.6 million citizens in absolute numbers, the State Statistics Service reported. The report says the number of employed citizens aged 15-70 in the fourth quarter of 2019 amounted to 16.5 million. The employment rate…
Ukraine will leave Boryspil International Airport the only operating one as part of the measures to curb Covid-19 spread, that’s according to Minister of Infrastructure Vladyslav Krykliy. “Only Boryspil International Airport will remain operating in Ukraine. From 12:00 on March 24, passengers are also barred from air travel for tourism. I apologize for the inconvenience,…
NJSC Naftogaz Ukrainy has cut the gas price for the population by 14%. “The gas price for March for the population has been reduced by 14%,” the company wrote on Twitter. However, Naftogaz has noted that the company does not supply gas directly to the population, except for Kirovohrad region. “According to government rules, we…
Ukraine’s real GDP in 2019 rose by 3.2% YoY, according to the data provided by the State Statistics Service. “The real gross domestic product (GDP) grew by 3.2% in 2019 compared to 2018,” reads the report. In 2019, the nominal GDP amounted to UAH 3.97 trillion, and the GDP per capita made up UAH 94.57…
The number of passengers serviced by Ukrainian transport companies in January-February decreased by 0.1% YoY, to 15 billion passenger-kilometers, according to the data provided by the State Statistics Service of Ukraine. Over the reporting period, 675.8 million passengers used the services of domestic transport companies, down by 1.5%. In particular, the number of passengers carried…
Ukraine has cut electricity consumption by over 5% since the introduction of quarantine over COVID-19. “Since the introduction of quarantine measures, electricity consumption in the energy system of Ukraine has decreased by more than 5% at almost the same air temperature,” the press service of state-run Ukrenergo, which operates the country’s integrated power grids, has…