Bohdan Slutsky Ukraine's banking system survives coronacrisis, taking course for online services
The year 2020, due to the coronavirus pandemic and the ensuing economic crisis, has become a real test of strength for Ukrainian banks. The system drew the right conclusions from previous crises and withstood the blow, while banks set a course toward expanding digital services.
23:15, 13 January 2021
Igor Orel Energy 2020: Free gas market for households, rapprochement with EU
The national gas sector, which has undergone dramatic change in recent years, not only withstood the onslaught of the 2020 crisis, but also laid the foundation for future development. What can Ukrainians expect from the year 2021?
15:40, 07 January 2021
Hanna Nahorna Return of Agriculture Ministry, price hikes, and disappointing harvest: Year's results in agricultural sector
The past year was a difficult test for the Ukrainian agricultural sector: drought and poor harvest led to an increase in food prices – the trend set to prevail this year as well. Nevertheless, the year has also brought some positive news with the government reviving the Ministry of Agrarian Policy and the Verkhovna Rada finally lifting a moratorium on farmland sale.
17:59, 04 January 2021
Dmytro Shvarts Year's balance: Ukraine's economy weathers a corona blow, looking to the future with hope
Ukraine, like the rest of the world this year, faced an unprecedented challenge – the coronavirus pandemic, which provoked a deep economic crisis. Despite insufficient government assistance, the national economy has adapted and prevailed, having gained important wins in a number of areas.
18:00, 31 December 2020
Hanna Bredihina Ukraine's energy sector in 2020: Breakthrough in renewables and higher electricity bills
In 2020, Ukraine has survived an acute crisis in the electricity market. The economy fall led to a plunge in consumption, which was observed in the wake of record growth in the share of renewables, pushing out traditional types of generation. As a result, the authorities were forced to cut "green" feed-in tariffs and eventually cancel preferential electricity tariffs for households.
23:45, 30 December 2020
Kateryna Zhyriy Macroeconomic outlook for 2021: GDP growth at 4% with moderate inflation
Traditionally in late December, UNIAN polled the country's leading economists seeking to hear their forecasts for the development of the Ukrainian economy in 2021. GDP, hryvnia rate, and inflation outlooks have all been covered in the survey.
18:00, 29 December 2020
Pavlo Stepanets Week's balance: IMF mission starts SBA revision, Cabinet appoints acting energy minister, and Naftogaz ups gas price for thermal distributors
The IMF mission began its work on revising the stand-by arrangement for Ukraine, the Cabinet appointed Yuriy Vitrenko acting Minister of Energy, while Naftogaz raised gas prices for thermal power distributors – these are the key economic developments of the outgoing week.
17:00, 27 December 2020
Hanna Nahorna Honey, ice cream and buckwheat: Ukrainian exports highs in 2020
The year of 2020 was a difficult one for the entire agricultural sector due to drought, pandemic, and quarantine restrictions. Despite all this, Ukraine has reached new export peaks, becoming for a number of products a leading supplier in the EU and world markets. UNIAN has learned which products became an export failure and what markets turned out to be an unexpected discovery.
12:55, 22 December 2020
Bohdan Slutsky Week's balance: Rada passes Budget 2021, hryvnia strengthens, entrepreneurs rally
The Verkhovna Rada adopted the state budget for 2021 with a deficit of 5.5% of GDP, the hryvnia kept strengthening, while entrepreneurs continued their protest action against the introduction of a lockdown and tougher fiscalization – these are the key economic developments of the outgoing week.
17:20, 20 December 2020
Igor Orel Week's balance: EU allocates EUR 600 mln for Ukraine, Cabinet decides to put country on lockdown in Jan, while inflation goes up
Ukraine received EUR 600 million in macro-financial assistance from the European Union, the Cabinet announced the introduction of lockdown from January 8 to 24, while the State Statistics Service announced the acceleration of inflation – these are the main economic developments of the outgoing week.
18:00, 13 December 2020
Pavlo Stepanets Chance for revival of Ukraine's river transport: New legislation brings new incentives
Ukraine is starting to revive inland water transportation. The Verkhovna Rada has adopted a basic law for inland water transport, which should set the course of strategic development of the industry. However, the depressing state of river navigation makes the revival of the national river economy a real challenge.
15:15, 07 December 2020
Hanna Nahorna Week's balance: Cabinet stops weekend quarantine, Rada adopts water transport law and postpones new cash register rule for businesses
The Cabinet of Ministers refused to extend the weekend quarantine, while the Verkhovna Rada passed a law on water transport, postponed for a year the introduction of cash registers mandate for all entrepreneurs, and adopted a package of presidential laws to aid businesses amid coronacrisis.
13:00, 06 December 2020
Kateryna Zhyriy Week's balance: President vows support to businesses, energy ministry raises electricity tariffs, while industrial output drops
President of Ukraine Volodymyr Zelensky has promised to support businesses in the face of tougher quarantine bans, the new acting energy chief announced the coming increase in electricity tariffs for households, while the State Statistics Service reported a higher pace of industrial output slide – these are the key economic developments of the outgoing week.
18:00, 28 November 2020
Hanna Nahorna Harvest 2020: Challenge for farmers, rising food prices
There will be no third record crop in a row: in 2020, Ukraine's harvest this year will be 10 million tonnes lower on year. UNIAN learned how this could affect food prices, as well as how farmers survived this year, and whether it is worth hoping for the better in 2021.
18:50, 26 November 2020
Hanna Bredihina Week's balance: Cabinet appoints new customs chief, vows support to businesses amid quarantine, while economy slows further down
The Cabinet of Ministers appointed a new head of the State Customs Service and promised businesses support in the face of tougher quarantine restrictions, while the State Statistics Service announced a slowdown in the GDP fall – these are the main economic developments of the outgoing week.
13:30, 22 November 2020
Bohdan Slutsky Week's balance: Cabinet introduces weekend quarantine, State Statistics Service reports accelerating inflation, while hryvnia slides again
The Cabinet of Ministers abandoned the adaptive quarantine model and switched to "weekend quarantine," the State Statistics Service reported a higher pace of inflation, while the national currency continued its slide after a short rebound - these are the key economic developments of the outgoing week.
14:30, 14 November 2020
Nana Chornaya Ukraine's economic cooperation with U.S.: Expectations from Biden
In the United States, presidential elections are not over yet, but many are already calling Joe Biden Donald Trump's successor. He has already addressed the nation, outlining his future first steps as head of state. UNIAN polled experts on potential prospects awaiting Ukraine with the arrival of a new president across the pond.
09:00, 13 November 2020
Dmytro Shvarts Week's balance: Rada passes 2021 budget at first reading, Cabinet presents country's audit, while GDP decline slows down
The parliament approved at first reading the draft law on the 2021 state budget, the government spoke about a large-scale plan to allow the country to realize its significant potential in 10 years, while the Ministry of Economy announced a slowdown in the economic decline – these are the key economic developments of the first week of November.
17:00, 07 November 2020
Hanna Nahorna Week's balance: Naftogaz raises gas price for households, Cabinet allocates billions to help unemployed and miners, while budget deficit keeps growing
State-owned energy giant Naftogaz of Ukraine has raised by a third the gas price for households, the Cabinet of Ministers allocated almost UAH 3 billion for salaries to miners and payments to the unemployed, while the State Treasury announced a fourfold increase in the country's budget deficit - these are the main economic developments in the outgoing week.
15:00, 31 October 2020
Igor Orel Week's balance: President defends economic achievements, NBU keeps key rate unchanged, while hryvnia stops its fall
President of Ukraine Volodymyr Zelensky in his annual address to the Verkhovna Rada said that the Ukrainian economy has withstood the blow of the pandemic and will be able to emerge stronger from crisis, the National Bank has kept the key rate at 6%, and the hryvnia has stopped falling – these are the main economic developments of the outgoing week.
14:00, 24 October 2020