In connection with the stabilization of the epidemiological situation, the Cabinet of Ministers eased some quarantine measures, the hryvnia exchange rate strengthened by 18 kopiykas, while inflation rose to 9.5% per annum – these are the key economic developments of the outgoing week.
The situation around Nord Stream 2 is heating up. The closer the European tour of U.S. President Joe Biden, the closer the denouement. What will be the end of the saga of the Russian "construction of the century", conceived as an energy "stick" for Europe and a "funeral march" for Ukraine's gas transit status?
Week's balance: Cabinet expects GDP growth to accelerate to 5% in 2024, Rada greenlights ban on plastic bags, Naftogaz drafts three-year contracts for TPPs
The government has approved a three-year forecast for the country's economic development, expecting GDP growth at 5% in 2024; Parliament has restricted the use of plastic bags, while Naftogaz has presented three-year contracts for gas supplies to thermal generators – these are the main developments in the country's economy of the first week of June.
The Ukrainian currency has recently shown an upward trend after sliding in April amid Russia's military escalation. So should Ukrainians worry about the hryvnia exchange rate in the coming period of summer holidays?
Week's balance: Ukraine halts air traffic with Belarus and suspends Belarusian electricity imports, while gas suppliers release June tariffs
Ukraine has cut all flights to Belarus and banned imports of Russian and Belarusian electricity, while domestic gas suppliers published household tariffs for June – these are the main economic developments of the last week of May.
Week's balance: Zelensky promises to continue "Big Construction", Rada reshuffles three ministers, and Cabinet abandons gas price regulation
At a press conference on the two years of tenure, President Volodymyr Zelensky vowed to extend the Big Construction state program, the Verkhovna Rada changed three key ministers, and the Cabinet decided to abandon state regulation of gas prices for thermal generation firms – these are the key economic developments of the outgoing week.
Russia is pursuing the "hot" phase of its war on the territory of Ukraine, also waging a hybrid one. Shortly after pretending to withdraw troops earlier deployed along Ukraine borders "for drills", Russia decided to block the Sea of Azov for navigation for six months, until the end of October, launching yet another "exercise." How massive is the damage done to Ukraine and can these moves be dealt with?
Week's balance: Ukraine, France sign deals worth EUR 1.3 bln, Cabinet creates Bureau of Economic Security, also introducing state regulation of gasoline prices
Ukraine and France have sealed commercial agreements worth EUR 1.3 billion, the Cabinet of Ministers has set up the Bureau of Economic Security, as well as introduced state regulation of petroleum and diesel prices – these are the key economic developments of the outgoing week.
Week's balance: Ukraine strengthens ties with U.S., World Bank allocates $200 mln for education reform, inflation slows
During a visit to Kyiv, U.S. Secretary of State Anthony Blinken discussed with the Ukrainian authorities the reform progress and vowed aid in countering Russian aggression, the World Bank approved the allocation of $200 million for the reform of Ukraine's higher education, while the State Statistics Service reported an inflation slowdown – these are the main economic developments of the outgoing week.
Week's balance: Cabinet sets household electricity tariffs and replaces Naftogaz CEO, while Rada appoints energy minister
The Cabinet of Ministers determined what the electricity tariffs would be for the households for the next two months and replaced the CEO of the country's largest state-owned company, Naftogaz of Ukraine, while the Verkhovna Rada appointed Herman Halushchenko Minister of Energy – these are the key economic news of the outgoing week.
The Cabinet extended the quarantine until June 30, private entrepreneurs and employees started applying for state aid, while the State Statistics Service announced an increase in industrial production – these are the main economic developments in the outgoing week.
Week's balance: Rada protects foreign currency borrowers, Cabinet appoints tax chief, National Bank raises key rate
The Verkhovna Rada protected foreign currency borrowers and extended customs clearance of cars with foreign plates, the Cabinet appointed Oleksiy Lyubchenko head of the Tax Service, while the National Bank raised the key rate to 7.5%d– these are the key economic developments of the outgoing week.
Week's balance: Expanding "red" quarantine zones, new yearly gas prices for households, and higher inflation pace
Due to the increase in the coronavirus incidence, Kyiv and more than a dozen regions across Ukraine have tightened quarantine restrictions, the national regulator approved the terms of yearly gas contracts for households, while the State Statistics Service declared the acceleration of inflation – these are the key economic developments of the outgoing week.
Week's balance: Capital, regional authorities introducing lockdown, Rada legalizing e-passports, wages growing
Due to the higher rate of COVID-19 spread, Kyiv and regional authorities across Ukraine are introducing strict lockdown measures, restricting public transport; the Verkhovna Rada has legalized e-passports displayed via a Diia app; while the State Statistics Service has reported on the increase in wages – these are this week's main economic developments.
The Cabinet has approved the National Economic Strategy until 2030, which aims to double the gross domestic product. To realize the dream, the country needs to try hard: decisive reform and billions of dollars in investments are needed.
Week's balance: Cabinet sets electricity price, vows quarantine compensation for businesses, while industrial output slides
The Cabinet of Ministers has set household electricity price for April and promised to pay UAH 8,000 (US$286) to entrepreneurs affected by quarantine bans, while the State Statistics Service reported a higher pace of the industrial output fall – these are the key economic developments of the outgoing week.
Odile Renaud-Basso: Ukraine recovery growth assessed at 3% of GDP in 2021, with exceptional level of uncertainties
President of the European Bank for Reconstruction and Development Odile Renaud-Basso, who began her first visit to our country on Monday, told UNIAN about the results she wants to achieve in Ukraine during her tenure and gave advice on how to double Ukraine's GDP and attract large amounts of foreign investment.
The capital and a number of regions of Ukraine are returning to strict lockdown, the Cabinet unexpectedly sacked the head of the board at Ukrzaliznytsia, while the average size of subsidies in February decreased by over 30% – these are the key economic developments of the outgoing week.
The State Statistics Service recorded a higher pace of inflation, the National Security and Defense Council decided to nationalize Motor Sich, and the Nova Poshta postal service increased tariffs for delivery – these are the main economic news of the outgoing week.
On the way of revolutionary changes in Ukraine's energy system, a "green-coal paradox" arose, where an increase in the share of renewables, contrary to common sense, leads to a rise in thermal energy. The solution to the issue is to direct large-scale investments in the construction of new maneuverable and accumulation capacities.
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