The government has already begun to assess the impact of the coronavirus epidemic on the Ukrainian economy, Prime Minister Oleksiy Honcharuk has said. “Speaking about the coronavirus, I am quite sure that this factor must be assessed, and we are already doing it. The question is different: no one in the world can say how…
The shortcomings of macroeconomic forecasting, in particular regarding the hryvnia exchange rate, led the state budget falling short of UAH 2.3 billion ($94 million) in January, said head of the Accounts Chamber of Ukraine, Valeriy Patskan. “The actual hryvnia exchange rate in January on average amounted to UAH 24.1 to the dollar, while budget revenue…
Georgia’s external trade turnover amounted to $882.4 million in January, up by 5.7% YoY, showed data from the National Statistics Office of Georgia (Geostat). The value of exports increased by 10% and reached $262.6 million, while imports increased by 3.9%, amounting to $619.7 million. The trade deficit of Georgia in January amounted to $357.1 million,…
As of January 31, the country’s external reserves hit $29.3 billion, up by 1.2% or by KZT 352 million MoM, the National Bank’s press service reported. However, assets in freely convertible currency decreased by KZT 415 million, to KZT 9.67 billion. Gold assets increased by KZT 768 million, to KZT 19.64 billion due to a…
The share of non-performing loans (NPLs) in Ukraine’s banking system in 2019 was below 50% for the first time in three years, having shrunk to 48.4% as of January 1, 2020. “Loan portfolio quality improved across all bank groups, except for banks with Russian capital,” the National Bank of Ukraine (NBU) said on its website.…
Finance Ministry says the Supervisory Board of the Ukrainian Startup Fund has decided to provide grants to the first eight projects that presented their ideas at the first Pitch Day on January 25. Seed grants (worth UAH 1.25 million or $50,979 each) will be provided to the following companies: AeroDrone (integrated solutions based on drones);…
Consumer inflation in Ukraine in January amounted to 3.2% YoY, slowing down from 4.1% in December 2019, according to the State Statistics Service of Ukraine. Compared with the previous month, consumer prices in January grew by 0.2%. The agency said the largest price increase in annual terms was recorded for fruit and education services –…