Week's balance: NBU governor resigns, Eurobond issue fails, while another UAH 35 bln gets sent for road repairs
National Bank Governor Yakiv Smolii has resigned citing "political pressure", Ukraine canceled at the last moment the deal on the sale of Eurobonds worth $1.7 billion, while the Cabinet of Ministers sent half of the national anti-corona fund for road construction – these are the main economic developments of the outgoing week.
Week's balance: natural disaster aftermath, end of cheap gas era, and timid hope for restoration of industrial output
The government has allocated UAH 672 million to tackle the aftermath of flooding in western Ukraine, Naftogaz for the first time since year-start has raised gas prices, while the State Statistics Service released promising data on industrial output – these are the main economic developments of the past week.
Week's balance: Cabinet extends quarantine until July 31, Parliament snubs government program, while international air traffic resumes
The government has extended adaptive quarantine until July 31, the Verkhovna Rada once refused to support the revised Cabinet program, depriving ministers of a year-long immunity from sacking, while Ukrainians are finally allowed to fly abroad – these are the main economic developments of the outgoing week.
Week's balance: International financial assistance to Ukraine, slowdown in inflation, and key rate reduction by National Bank
Ukraine has received financial assistance from international partners, inflation has slowed down, while the National Bank has lowered its key rate to a historic low – these are the main economic developments of the past week.
Week's balance: Rada sends Cabinet action plan for revision, air and rail travel resumes, while hryvnia beefs up
Ukrainian authorities continue with the easing of quarantine restrictions by resuming domestic rail and air travel, parliament sends the government's action plan for revision, while the hryvnia keeps strengthening – these are the main economic developments of the outgoing week.
Action plan returned for revision: will Shmyhal’s Cabinet receive 12-month immunity
The government submitted to parliament an action plan to restore the economy. On Thursday, the Rada sent it back for revision, refusing to provide the Cabinet, led by Denys Shmyhal, 12-month immunity from resignation. Is there a future for the program of "healthy economic nationalism"?
U.S. - sanctions - Gazprom: Washington's attempt to defeat Nord Stream 2
The U.S. threatens Russia with new sanctions over the construction of the Nord Stream 2 gas pipeline, which was designed to deprive Ukraine of gas transit revenues. UNIAN figured out whether Washington could defeat Moscow in the latest episode of gas war.
Week's balance: quarantine concessions, economic recovery in turbo mode, and manipulation on energy market
Ukrainian authorities continue to relax quarantine restrictions, which gives entrepreneurs hope for survival; the government approved a program to stimulate the economy to overcome the effects of the crisis; while the energy market is shaking from large-scale manipulation in the electricity sector – these are the main economic developments of the outgoing week.
Week's balance: Zelensky vows affordable lending, massive road repairs, while Cabinet allows partial relaunch of public transport
President Volodymyr Zelensky at a press conference on his first year in office promised Ukrainians affordable lending, a record mileage of repaired roads, as well as pension reform, while the government partially resumed public transport services, and the IMF approved a new $5 billion cooperation program - these are the latest economic developments in Ukraine over the outgoing week.
Week's balance: Cabinet allows reopening of non-food markets, Rada eases taxes for businesses pending quarantine, hryvnia beefs up
The Cabinet of Ministers decided to open non-food markets across country, the Verkhovna Rada eased tax pressure on businesses for the quarantine period and supported the arts and entertainment industries, while the national currency showed a slight, but steady growth.
Life or death: civil aviation is struggling to survive the pandemic
The crisis provoked by the coronavirus pandemic dealt a severe blow to civil aviation worldwide. Air carriers around the world are laying off personnel, while some have already filed for bankruptcy. Governments of the world's leading economies are allocating enormous funds to help one of the key industries. But what can Ukraine do to save its aviation?
Week's balance: Cabinet extends quarantine along with easing, energy ministry limits operations of nuclear power plants, while NBU forecasts GDP decline
The government has extended the national quarantine until May 22, while making a number of concessions to a part of small businesses; the National Bank says Q2 will be the most difficult period for the Ukrainian economy, while the energy ministry has started limiting nuclear generation, at the same time mulling crypto mining at NPPs.
Week's balance: Cabinet allows food markets to reopen, limits salaries to CEOs of state-owned companies, while National Bank introduces new coin
The Cabinet of Ministers decided to support small businesses amid quarantine, having allowed food markets to reopen across country, and cut the already sky-high salaries to heads of state-owned enterprises, while the National Bank said it would be putting in circulation a new UAH 10 coin.
New energy market: expensive sun instead of cheap nuclear and coal generation
A new trend is emerging on Ukraine's power generation market: the more expensive solar and wind energy, which has been prioritized, replacing the cheaper nuclear and coal. UNIAN has learned what this will mean for Ukrainian consumers.
Week's balance: Cabinet extends quarantine, sacks customs and tax chiefs, while central bank lowers key rate
The Cabinet of Ministers decided to extend the national quarantine until May 11 and dismissed heads of customs and tax agencies, while the National Bank brought its key rate to a five-year low – these are the major economic developments of the past week.
Week's balance: "anti-crisis" budget, interest-free loans for small businesses, and $135 mln aid to fight coronavirus
The Verkhovna Rada has passed "anti-crisis" changes to the state budget, almost tripling its deficit, the Cabinet vowed loans to small businesses at zero rate, while the World Bank announced $135 million aid to modernize health care and tackle the novel coronavirus – these are key economic developments of the outgoing week.
Emergency budget: how Ukraine's main financial document has changed
At an extraordinary session, the Verkhovna Rada conducted a sequestration of the state budget, almost tripling its deficit to 7.5% of GDP at the Cabinet's suggestion. Under quarantine, deputies significantly reduced revenues, but at the same time raised spending on the fight against the coronavirus spread. However, there is no certainty that even such an updated budget will not undergo further changes.
Week's balance: Gov't announces economy restart, launching citizen tracking application, while inflation keeps rising
Prime Minister Denys Shmyhal has dispelled hopes for an early completion of quarantine and announced a restart of the economy, which government forecasts say could drop 5% this year due to rising inflation and unemployment, while a special application has been launched to monitor the observance of self-isolation rules by Ukrainians – these are the key economic developments of the outgoing week.
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.