Ukraine: flour production to increase

The State Food and Grain Corporation of Ukraine (SFGCU) is launching flour production at four of its own enterprises to cover demand on the domestic market during the quarantine period. “SFGCU is ready to work on ensuring the country’s food security during the quarantine period amid the fight against COVID-19. As early as this week,…

Ukraine: default possible without external support

Default is possible in Ukraine without external support from international financial institutions, but the government is doing its best to keep the country financially stable, Ukrainian Prime Minister Denys Shmyhal has said. “First of all, we have to spend money on protecting the life and health of our citizens, rather than repaying foreign debt. Therefore,…

Ukraine: mass shutdown of enterprises to kill economy

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.…

Ukraine: unemployment rate up in Q4 2019

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…