The macroeconomic situation in Ukraine remains unstable, vulnerability of the fiscal system in the past years has grown, World Bank Country Director for Belarus, Moldova and Ukraine Satu Kahkonen has said. She said that the vulnerability had increased in the past years, taking into account the fact that government’s expenses grew, as the government increased…
The National Bank of Ukraine has prolonged sanctions against Sberbank, Prominvestbank, VTB Bank, and BM Bank, in line with the decision of the National Security and Defense Council of Ukraine “On the application of personal special economic and other restrictive measures (sanctions)” dated March 1. According to a report posted on the NBU website, the…
NJSC Naftogaz of Ukraine has assured that Ukraine has sufficient natural gas reserves in its underground storage facilities, the company’s press service wrote on Twitter. “A drop in temperatures is expected in Ukraine. We are ready for this. This time we are not waiting for gas supplies from Gazprom. The gas demarche boomeranged against Gazprom…
Ukraine has successfully tested the new 152mm artillery ammunition produced by the state-owned Kyiv-based Artem, which is a part of the country’s major arms producer UkrOboronProm. Thus, Ukraine has secured own production of large caliber artillery ammunition, according to Pavlo Bukin, CEO at UkrOboronProm (UOP). Commenting on the results of the latest tests, Bukin said…
In January-February the number of passengers carried by Ukrainian airlines rose by 8.8% YoY, and the passenger traffic flow through Ukrainian airports increased by 19.3%, according to the State Aviation Service of Ukraine. “In January-February the volume of passenger-carrying operations of Ukrainian airlines increased by 8.8% and totaled 1,344.4 thousand people. The volume of international…
The united power grid of Ukraine today can accept up to 3 gigawatts (GW) of new capacity of solar power plants and wind farms without an unbalanced response risk and serious changes to its structure, Ukrenergo Head Vsevolod Kovalchuk said at a roundtable in the Verkhovna Rada. According to him, this installed capacity of renewable…
The actual inflation in Ukraine in February 2018 from February 2017 was somewhat higher than the Central Bank’s benchmark announced in January. “In general the current dynamics of consumer inflation and its components indicate that inflationary pressure remains significant. At the same time, its amplification in February was curbed by the strengthening of the hryvnia,…