Ukraine: 40% of economy in shadow

Ukrainian Social Policy Minister Andriy Reva says 40% of Ukraine’s economy remains in the shadow, therefore the developed countries’ standards of solving economic problems cannot be effective in Ukraine, while de-shadowing will bring more money to the wage fund than the actual economic growth. “This was proved by the government in 2017. The entire wage…

Ukraine: local budgets up in two years

Incomes of local budgets have grown almost 4-foldover the past two years, Prime Minister of Ukraine Volodymyr Groysman said during a meeting with representatives of regional media. “When we started to work, the local budgets amounted to UAH 64 billion and did not have own revenues. Now they amount to UAH 231 billion, which is…

Poland: trade turnover with Ukraine up in 2017

Relations between Ukraine and Poland are developing successfully, in particular, in the economic sector, Ambassador Extraordinary and Plenipotentiary of the Republic of Poland to Ukraine Jan Pieklo said. “In most sectors the relations between Ukraine and Poland are good and very good, particularly with regard to cooperation in the economy. In recent years, the parties…

Ukraine: Croatia to assist in energy security

Ukraine maintains its interest in the Baltic, Adriatic, Black Sea Initiative put forward by the Croatian president and believes that joining it meets its objectives, Ukrainian Deputy Prime Minister for European and Euro-Atlantic Integration Ivanna Klympush-Tsintsadze has said. She stated this at a meeting with Croatian Prime Minister Andrej Plenkovic in Zagreb. “Ukraine is one…