Ukraine: inflation to slow down in 2019

Inflation in Ukraine will slow down next year to a single-digit figure, for the first time since 2013, according to a Reuters survey. This will happen thanks to a tight monetary and prudent fiscal policy that meets the requirements of the International Monetary Fund, that’s according to the polled experts, Reuters wrote. According to a…

Ukraine: NBU revokes banking license of BM Bank

The National Bank of Ukraine (NBU) has revoked banking and general licenses for foreign exchange operations of JSC BM Bank, the central bank’s press service reports. “The National Bank of Ukraine by the Board’s decision dated November 6, 2017, No.749-rsh, revoked the banking and general licenses for foreign exchange operations from JSC BM Bank and…

Ukraine: SkyUp gets permission for all new routes

The State Aviation Administration of Ukraine has satisfied all applications from the low cost airline SkyUp for new regular and charter flights. This is stated in the newsletter issued by the Administration’s commission following its meeting on October 29. Thus, SkyUp is allowed to fly regularly from Kyiv to Kharkiv, Poprad (Slovakia) and Abu Dhabi…

Ukraine: gas price for population grows

On November 1 the price for natural gas for the population grew by 23.5%. The corresponding decision was earlier approved by the Cabinet of Ministers. Taking into account the delivery and VAT, the new gas price amounts to UAH 8.55 thousand per 1,000 cubic meters for the population, and UAH 8.36 thousand for district heating…

Ukraine: Zhytomyr region exports 64% to EU countries

Zhytomyr region sells 64% of its export products to the countries of the European Union, Vice Prime Minister for European and Euro-Atlantic Integration of Ukraine Ivanna Klympush-Tsintsadze said during the regional conference “European Integration: The Power of Opportunity” held in Zhytomyr. “I am glad that 64% of exports from Zhytomyr region are directed to the…

Ukraine: Ryanair launches flights from Kyiv’s Boryspil airport to another six cities in Europe

One of Europe’s largest low-cost airlines, Ryanair, on October 28 launched flights from Kyiv’s Boryspil Airport to another six cities in Europe, namely Vilnius (Lithuania), Warsaw and Bydgoszcz (both in Poland), Barcelona (Catalonia, Spain), Bratislava (Slovakia), and London (the United Kingdom). Flights to Vilnius are scheduled for Mondays, Fridays and Sundays. The first flight to…

Ukraine: retail trade up in January-September 2018

Ukraine saw a 5.5% rise in retail trade in January-September compared to the same period of 2017. However, the Ukrainian State Statistics Service has not provided statistics in monetary terms yet. Retail turnover increased the most in Ukraine-controlled districts in Luhansk and Donetsk regions, as well as in Poltava, Zakarpattia, and Kyiv regions, namely by…