ECONOMY NEWS: Ukraine GDP rises 2.5% in 1Q17

ECONOMY NEWS: Ukraine GDP rises 2.5% in 1Q17

ECONOMY NEWS Ukraine GDP rises 2.5% in 1Q17 Ukraine’s 1Q17 GDP rose 2.5% yoy owing to impressive growth of investments in fixed assets (20.1% yoy) and improving private consumption (2.6% yoy), the State Statistics Service reported on June 19. Government consumption also was in the black with 4.2% yoy growth. Net exports contributed negatively (-2.1pp) […]

IMF demands pension & land reform, privatization, anti-corruption

IMF demands pension & land reform, privatization, anti-corruption

ECONOMY NEWS IMF demands pension & land reform, privatization, anti-corruption During his June 20 visit to Washington, Ukrainian President Petro Poroshenko met with IMF Managing Director Christine Lagarde, who stressed the importance of balanced pension reform, the president’s press service reported. They also discussed state privatization prospects, Ukraine’s banking system, state finance reform and the […]

Ukraine industry +1.2% in May

Ukraine industry +1.2% in May

Ukraine industry +1.2% in May Ukraine’s industrial output recovered 1.2% yoy in May after declining for the last three months, the State Statistics Service reported on June 22.  For 5M17, industry remained in the red by 1.3% yoy. The main source of growth in May was machinery, which surged 14.7% yoy after slipping 0.8% yoy […]

Ukraine budget revenue grows 39% yoy in May

Ukraine budget revenue grows 39% yoy in May

Ukraine budget revenue grows 39% yoy in May Ukraine’s general budget revenue grew 39.3% yoy, slowing from 85.7% yoy growth in the prior month, the State Treasury reported on June 26. The main factor for slowing growth was that in April, one-off revenue from confiscated funds for corruption inflated the month’s results. Otherwise budget revenues […]