Week's balance: Rada launches land market and approves new finance minister, while Ukrainian economy struggles to survive coronavirus crisis
The Rada has passed a historic law on the launch of the land market from July 2021 and replaced the head of the Ministry of Finance, while the Cabinet of Ministers promised to consider the possibility of easing quarantine to support the economy – these are the key economic news of the past week.
Anti-crisis finance minister for country in quarantine
The Verkhovna Rada on Monday appointed a new head of the Ministry of Finance, a young economist with experience in government work Serhiy Marchenko. UNIAN learned the reasons why his predecessor Ihor Umansky, who had worked in office for only three weeks, was fired, as well as new tasks facing the new minister of a country in quarantine.
Government aid amid quarantine: What businesses and citizens should expect
The Verkhovna Rada has passed a bill, submitted by government, on additional social and economic guarantees in connection with the coronavirus epidemic. Businesses assure that the measures being taken are not enough to get the country out of the crisis. UNIAN learned about the ways the Cabinet is going to help the Ukrainians, and things to which they turned a blind eye.
Hunger Games: is Ukraine facing a food crisis
The coronavirus pandemic posed a difficult task for the country's food system: to provide Ukrainians with essentials amid quarantine and austerity. UNIAN learned whether the agricultural sector will have a sufficient safety cushion to pass this test, and how much food prices will rise.
War amid virus spread: Russia attempting to exploit global quarantine issue to have sanctions lifted
At the time of a global pandemic, wars always tend to subside as adversaries stop shooting, but not this time. Covid-19 is changing the planet, changing our habits, but armed men on the other side of the contact line in Donbas never changed their plans – at least with regard to Ukraine.
Week's balance: Cabinet extends quarantine, hryvnia stops sliding, and pace of industrial output decline slows down
To reduce the pace of coronavirus spread, the government introduced an emergency situation regime, extended the national quarantine for three weeks, and supported subsidies for vulnerable citizens; the banks received more cash currency, and the hryvnia slightly strengthened after several weeks of decline; while the decline in industrial output slowed down – these are the main economic developments of the outgoing week.
Doing business amid coronavirus: what's happening to grocery prices
Food prices have risen sharply in Ukraine, while sellers justify their moves with tough quarantine measures and the sliding hryvnia. Experts say the reasons are completely different. UNIAN has tried to figure out what's really happening and whether prices will return to their previous positions.
Ukrainians on quarantine in California: wave of volunteering, harsh punishment for sanitizer speculators, and long lines to gun shops
The United States is so far ranking world's third in terms of the number of Covid-19 cases. Over the past weekend alone, the number of confirmed cases doubled and exceeded 40,000. One of the hardest-hit states, California, has been put on lockdown four days ago. UNIAN spoke with Ukrainians living in Los Angeles, San Francisco, and San Diego about how Californians comply with restrictive measures.
Professor Giuseppe Ippolito: Recommendation for countries where COVID-19 is just starting: "Be prepared!"
Scientific Director of the Lazzaro Spallanzani National Institute for Infectious Diseases, Professor Giuseppe Ippolito has told Lithuania's daily Lietuvos Rytas in an interview what are the causes of the high death rates from the coronavirus in Italy, whether it is possible to get infected repeatedly and when the COVID-19 vaccine becomes available.
Divine retribution. Will The Hague Tribunal bring Russian killers of MH17 passengers to justice
The Dutch court held the first two hearings in the MH17 case and adjourned until March 23. Meanwhile, the Kremlin leaders have never been so close to the dock.
Week's balance: Ukraine on lockdown, central bank loosens grip, and Cabinet launches war against mafia in urban development
Ukrainian authorities announced the introduction of a nationwide quarantine, adding anxiety to the fever of the forex market; the National Bank lowered the key rate to a five-year low; while the Cabinet liquidated the urban construction regulator and launched a reform in the field – these are the main economic developments of the outgoing week.
Week's balance: Parliament reshuffles Cabinet, coronavirus reaches Ukraine, while Turkish company vows completion of Dnipro bridge in Zaporizhia
The coronavirus epidemic spreading around the planet has reached Ukraine, Parliament has dismissed the Cabinet of Oleksiy Honcharuk, appointing Denys Shmyhal new prime minister, while Ukravtodor signed an agreement with the Turkish company Onur to build a bridge across the Dnipro River in Zaporizhia for UAH 12 billion – these are the main economic developments of the outgoing week.
Cabinet of unjustified hopes: what can Ukrainians expect from new government
The Verkhovna Rada at an extraordinary meeting on March 4, initiated by President Volodymyr Zelensky, dismissed Prime Minister Oleksiy Honcharuk and approved the new Cabinet composition. UNIAN tried to figure out what Ukrainians should expect from the new government.
Fate of Crimea traitors: "They either quit, or serve in remote Russian regions"
Six years ago, not all Ukrainian military men left the annexed Crimea. Some of the servicemen, either in pursuit of high salaries and pensions, or because of support for the Kremlin’s imperial ideas, chose to side with the enemy. UNIAN found out what happened to those who then changed the oath.
Week's balance: Coronavirus provoking global financial crisis, Zelensky promises miners to pay off wage arrears, while government submitted plan to support key industries
The large drop in stock market indices caused by the spread of the Chinese coronavirus made many suggest a new financial crisis, President Volodymyr Zelensky instructed the government to pay wage arrears to miners and limit coal imports, while the Cabinet announced a plan to support key industries – these are the main economic developments of the past week.
NBU Deputy Governor Dmytro Solohub: Most of IMF requirements for a new program have been met. And work on prior actions that have not yet been completed is almost finished
Lending rates in Ukraine are several times higher than those in European countries. NBU Deputy Chairman Dmytro Solohub sat down with UNIAN to tell about the reasons for such pricing by banks, the likelihood of cheaper loans, and the impact of the coronavirus epidemic on the national economy.
Impact of coronavirus on global economy. What awaits Ukraine
Coronavirus continues to spread around the world. It inflicts an insidious blow not only on the population of about four dozen countries, but also affects the global economy unprecedentedly. International auditors predict pessimistic scenarios if it comes to a pandemic. UNIAN learned what awaits Ukraine in such conditions.
Zolote residents in Donbas: We're caught in-between warring sides: "Bang!" – a shell is flying over our heads. We constantly wonder which "bang" will eventually hit us
Early last week, someone purposefully dispersed panic in social networks, claiming that amid intensified shelling in Donbas, the Ukrainian Army retreated from its defense positions, and the town of Zolote "surrendered to separatists". To dispel these rumors, UNIAN visited Zolote and talked with the locals.
Putin's bloody "peace". Why the Kremlin needs new escalation in Donbas
A major offensive by Russian-controlled forces on Ukrainian positions on the night of February 18 raises questions, whether Moscow really strives for peace in Donbas as much as it claims in the international arena. But why did the Kremlin need a new escalation in Donbas on the same day that Russia convened the UN Security Council?
Week's balance: Cabinet vows to pull labor market out of "shadows", allocates UAH 4 bln in farmer support, while energy minister announces record cuts in gas tariff
The Cabinet of Ministers launched a campaign to remove the labor market from the "shadow" and distributed UAH 4 billion in support of farmers, while Minister of Energy and Environment Oleksiy Orzhel announced a record reduction in gas tariffs – these are the key economic developments of the outgoing week.