Ukraine and the United Kingdom have updated the Political, Free Trade and Strategic Partnership Agreement and approved the simplification of access to the public procurement market, the Ministry of Economy of Ukraine reported. “Ukraine’s First Deputy Prime Minister, Minister of Economy Yulia Svyrydenko and British Ambassador to Ukraine Melinda Simmons signed Annex II to the…
The monthly budget deficit of Ukraine amounts to $5 billion.That’s according to President of Ukraine, Volodymyr Zelensky, who raised the issue during a Q&A with Chile’s university community. “We really want our economy to recover. Today we’re suffering. We’re $5 billion short every month. I mean we’ve such a major deficit,” Zelensky said, noting that…
Almost 40% of Poles regard the situation in Ukraine as a great threat to the Polish economy, the Central Statistical Office (GUS) has reported. In an August study, GUS found out that 39.8% of respondents to a poll said the threat to the economy was great, 37.3% thought it was average, while 18.5% indicated it…
The Head of Mission of the US Agency for International Development (USAID) Moldova, Scott Hocklander, and Minister of Finance Dumitru Budianschi signed Amendments to the 2016 Assistance Agreements, supplementing the USAID budget for development programs in the Republic of Moldova with an additional amount of $63 million. The funds are offered by USAID to support…
Fitch Ratings has upgraded Ukraine’s Long-Term Foreign-Currency Issuer Default Rating to CC from RD (restricted default). As the agency explained, the upgrade followed the execution of consent solicitation on August 11 to restructure external debt. “Near $6 billion of principal and interest on Ukraine’s Eurobonds has been deferred by 24 months, alleviating external debt servicing…
A total of 710 businesses have been relocated in Ukraine since the relocation program was launched, and 500 of them have already resumed operation. The relevant statement was made by Ukrainian Economy Deputy Minister Oleksandr Hryban during a nationwide telethon. “Today, we have registered 1,796 requests from businesses. 710 enterprises have already been relocated, and…
An economic slowdown is to be expected in the second half of the year, the Polish Economic Institute (PIE), a government think-tank, said on August 17 citing the latest figures from the Central Statistical Office (GUS). Poland’s statistical office GUS reported the country’s GDP grew by 5.3% YoY in the second quarter against 8.5% in…