Week's balance: Foreign lenders upgrade Ukraine economy outlook, exports to EU rise, while Rada adopted the 2020 budget in the first reading
Ukraine's key foreign creditors, the IMF and the World Bank, have issued updated forecasts for a higher growth of Ukraine economy, the State Statistics Service noted rising exports of Ukrainian goods to the EU, while the Verkhovna Rada approved in 2020 the country's budget at the first reading – these are the main economic developments of the outgoing week.
Billions for Donbas: How much reintegration costs and where to get the money
The territories of Donetsk and Luhansk regions occupied by Putin's Russia will sooner or later return to Ukraine. Experts warn that the restoration of the region will require huge investments, at the same time considering such investments to be beneficial for the country and society and naming several of their possible sources.
Week's balance: Land to farmers, budget to deputies, and gas to Europeans
Finance Minister Oksana Markarova has presented to MPs the draft state budget for 2020, the government decided on the date of the long-awaited launch of the land market, while Naftogaz held in Brussels a productive round of negotiations on the transit of Russian gas – these are the main economic news of the past week.
Start of gas negotiations. First slap in Gazprom's face
The first round of gas talks in the trilateral Ukraine-EU-Russia format took place in Brussels. It did not yield any concrete results in terms of signing the relevant agreements. Nevertheless, for the first time in many years, Russia has backtracked, which confirms the correct strategy of Ukrainian negotiators.
Week's balance: IMF mission started to work, Rada postpones fines for owners of uncleared imported vehicles, while inflation sees decline
The review mission of the International Monetary Fund arrived in n Kyiv, the Verkhovna Rada liquidated the National Financial Services Commission and postponed the introduction of fines for owners of uncleared cars with EU plates, while the State Statistics Service reported on slower inflation in August - these are the main economic developments of the outgoing week.
Hryvnia setting records: Outlook for forex market for autumn 2019
Ukraine's national currency, despite the influence of a number of negative factors, has renewed its three-year high, again. Experts assess the prospects of the hryvnia quite optimistic, while allowing some devaluation and naming a number of threats.
Ze-Economy: Priorities and deadlines
President of Ukraine Volodymyr Zelensky has outlined for the Cabinet of Ministers and the Verkhovna Rada priority economic tasks that must be fulfilled in the near future. Proper implementation of the stated ambitious goals can significantly change the country's economic environment.
Week's balance: Rada appoints new government, new PM Honcharuk vows higher GDP growth and talks with IMF
The Verkhovna Rada of the ninth convocation at its first meeting formed a new government, while the newly appointed Prime Minister, Oleksiy Honcharuk, called his priority boosting economic development and continued cooperation with the IMF – these are the main economic news of the past week.
Week's balance: Ukraine implements 'economic visa-free regime' with Israel, Cabinet reduces electric tariffs, promises average wage at $540
For the first time in two decades, the head of the Israeli government visited Kyiv to discuss, among other things, the introduction of the free trade zone between the two countries, the resigning Prime Minister Groysman promised fellow citizens an average wage of $540 as early as next year, the Cabinet of Ministers decided to reduce electricity tariffs for businesses, while Naftogaz offered the population to buy gas for the winter at summer prices – these are the main economic developments of the outgoing week.
Deputy NBU Governor Oleh Churii: "Our forecast is to receive $2 bln this year under the new IMF program. And next year, too"
The hryvnia for almost two months has been performing at its three-year max, while the effect of one of the key factors – the purchase of government bonds by non-residents – is weakening. Deputy NBU Governor Oleh Churii told UNIAN about the hryvnia's prospects for this autumn, the threat of a recurrence of the 2008 crisis, a new IMF program, debts, and operations of non-residents with government bonds.
Last meeting of Groysman's Cabinet. What will the new government inherit?
Volodymyr Groysman held the last meeting of his Cabinet. He bragged about how he raised the economy and addressed his successors with recommendations. At the same time, nothing was said about public debt, which, not without his participation, will put a heavy burden on the new government and the Ukrainians.
Week's balance: Economy accelerating, government lowering electric tariffs for industrial consumers, while non-residents putting bond purchases on pause
The State Statistics Service reported on a faster growth of the Ukrainian economy in 1H 2019, the Cabinet allowed reducing electricity tariffs for industrial enterprises, and non-residents suspended the purchase of Ukrainian government loan bonds – these are the main economic developments of the outgoing week.
New Old Reform: What economic changes are coming to Ukraine
President Volodymyr Zelensky announced the priority steps of Ukraine authorities to boost economic development. UNIAN has learned about the expected transformations awaiting the country in the near future.
Week's balance: Zelensky vows economic growth and launch of land market, water utility companies put forward their ultimatum, while gas tariffs are once again reduced
President Volodymyr Zelensky has promised to accelerate Ukraine’s economic growth and launch a full-fledged land market in 2020, Naftogaz announced another reduction in gas tariffs for the households, and water utility companies several weeks after the start of the electricity market reform demanded that electricity tariffs be reviewed, threatening to introduce hourly water supplies – these are the main economic developments of the outgoing week.
Russia in litigation siege. Can Naftogaz receive compensation for assets lost in annexed Crimea
Naftogaz, in its lawsuit, told The Hague court that the estimated losses from the seizure by Russia of the group’s assets in Crimea stood at $5.2 billion. Naftogaz expects that the international tribunal will hand down a verdict no earlier than late 2020. UNIAN learned whether the state-owned company would be able to receive compensation from the Kremlin, even if the court’s awards are in favor of Ukraine.
Week's balance: Ukraine prepping up for winter, hryvnia strengthening, and EBRD allocating EUR 250 mln for public transport purchase
The Ministry of Regional Development reported on Ukraine’s readiness for the heating season, non-residents' demand for domestic government bonds strengthened the hryvnia, while the European Bank for Reconstruction and Development allocated a number of loans to Ukraine, including EUR 250 million for municipalities to buy new vehicles – these are the main economic news of the past week.
Week's balance: Naftogaz reduces prices, hryvnia strengthens, while industrial output slides
Naftogaz of Ukraine promised in August to significantly reduce gas prices, the State Statistics Service reported a decline in industrial production in June, while the hryvnia strengthened on the outcome of parliamentary elections – these are the main economic developments of the outgoing week.
New parliament: Five parties and hundreds of promises. How will they affect wallets of Ukrainians
The outcome of the early parliamentary election to the Verkhovna Rada shows that five parties have made it to Parliament. All of them are political forces with distinctive leaders. That is, the Ukrainians again voted for specific "persons" and public promises, not for action plans. Although it is the action plan, especially its economic aspects, that will reflect on the wallets of every citizen.
Week's balance: NBU improves outlook, lowers key rate, finance ministry boasts of record borrowing, and customs agency receives official status
The National Bank announced improved economic development forecasts and decided to reduce the key rate, the Ministry of Finance held this year's record placement of domestic government loan bonds, while the renewed customs agency received official status and began its work – these are the key economic news of the outgoing week.
Week's balance: Launch of energy market, forex easing, and Nefyodov starting war against shadow businesses
A new model of the energy market started operating in Ukraine, the National Bank went for another forex deregulation for businesses, while the Cabinet approved First Deputy Minister of Economy Maksym Nefyodov at the post of the country's chief customs officer, handing him an "order" to start war against shadow businesses – these are the main economic news of the outgoing week.