The share of non-performing loans (NPLs) in Ukraine’s banking system in 2019 was below 50% for the first time in three years, having shrunk to 48.4% as of January 1, 2020. “Loan portfolio quality improved across all bank groups, except for banks with Russian capital,” the National Bank of Ukraine (NBU) said on its website.…
Finance Ministry says the Supervisory Board of the Ukrainian Startup Fund has decided to provide grants to the first eight projects that presented their ideas at the first Pitch Day on January 25. Seed grants (worth UAH 1.25 million or $50,979 each) will be provided to the following companies: AeroDrone (integrated solutions based on drones);…
Consumer inflation in Ukraine in January amounted to 3.2% YoY, slowing down from 4.1% in December 2019, according to the State Statistics Service of Ukraine. Compared with the previous month, consumer prices in January grew by 0.2%. The agency said the largest price increase in annual terms was recorded for fruit and education services –…
The National Bank of Ukraine (NBU) forecasts a temporary reduction by around 66.7% in gas imports in 2020, to 5 billion cubic meters. This is due to high gas stocks in the country’s underground storage facilities (USFs), according to the NBU’s January 2020 Inflation Report, published on the regulator’s website on February 6. However, Ukraine…
The National Bank of Ukraine (NBU) estimateed that the number of Ukrainian migrant workers in Poland in 2019 was almost 1 million people. “In 2019, the number of migrant workers from Ukraine in Poland was estimated at almost 1 million people,” the NBU said in its inflation report for January 2020. “Representatives of the occupations…
Profit of Ukrainian agricultural enterprises in 2019 was driven by milk production revenues, which reached over UAH 2.6 billion ($104.8 million) accounting for the major share in livestock profit, says Director of the National Scientific Center “Institute of Agrarian Economics”, Yuriy Lupenko. “However, profit of agricultural enterprises off of milk production in 2019 shrank by…
President of the European Business Association (EBA), CEO of Dragon Capital Tomas Fiala says Ukraine’s economy may accelerate to 4% in 2020 with inflation at 5.2%. “We expect GDP growth at 4% this year, and at 3.7% next year, while inflation at 5.2% this year and at 6.1% in 2021,” he said at an EBA…