🔵 With Ukraine’s imports and exports of goods up by 26%, the trade deficit has dwindled to $1.1 billion for the first five months of this year. May 2021 saw a trade surplus of $261 million, the State Statistics Service reported Friday. At the start of 2021, some economists forecast a goods trade deficit of $8 billion. […]
Ukraine’s GDP grew by 6% yoy in the second quarter, the Economy Ministry reported yesterday. The increase comes after five straight quarters of decline due to the coronavirus pandemic. In a Reuters poll, economists predicted an 8% yoy increase. The Ministry said: “In the second quarter of 2021 economic recovery entered a positive trend, although […]
🔵 Ukraine should receive $2.7 billion from the IMF by late August, in time for $3 billion in debt payments due in September. The funds will be Ukraine’s portion of a $650 billion distribution of IMF money approved Thursday by the IMF Board. “This is a very positive step by the IMF, including for Ukraine, […]
Three years in the making, an agreement signed last week in Beijing for China to finance and build bridges, highways and railways in Ukraine represents a big step up for China’s commitment to Ukraine, Chinese analysts tell the South China Morning Post. “Ukraine can only embrace China more since both the EU and NATO have […]
Ukraine’s foreign trade in goods increased by almost 30% for the first half of this year, compared to the same January-June period last year said Taras Kachka, Ukraine’s Trade Representative writes on Facebook. Compared to the first half of 2019, the last ‘normal’ year, trade is up 22% and the trade deficit is down 60%, to […]
New car sales increased by 30% during the first half of this year, compared to the same January-June period last year, reports Ukravtoprom, the vehicle industry association. Last year, despite the Covid-induced recession, car sales dropped only 3%, compared to 2019. Of the 48,400 new cars sold this year through June, the leading brands were: […]
🔵 On Wednesday, The World Bank approved a $212 million in low interest loans to help Ukraine synchronize its electricity system with the EU’s ENTSO-E power grid by 2024. Notice: JavaScript is required for this content.
🔵 From today, Ukrainians can sell their farmland, a right largely lost after the communist takeover one century ago. “Ukrainians will become the real masters of their land, because they will be able not only to own it, but also to dispose of it freely,” Prime Minister Shmygal wrote yesterday on Telegram. “There is not a single […]
🔵 The Rada approved two laws yesterday that may clear the way for a resumption of IMF lending in September 2021. 🔵 The parliament has restored jail sentences for officials who lie on declarations of their assets and on assets of close relatives. Neglecting to list an asset worth over $150,000 could be punished by one year in […]
🔵 Ukraine’s exports of goods to the EU grew by 60% in the five years since Ukraine joined the Deep and Comprehensive Free Trade Area pact with the EU, Prime Minister Shmygal writes on Facebook. This year, Ukraine’s exports to the EU may hit €20 billion. Last year, the EU received 41% of Ukraine’s exports of goods and […]