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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.

The National Bank, after two and a half years of gradual reduction, unexpectedly raised its key rate to 6.5%, Ukrainians have been offered to get mortgage loans at 7%, while the Cabinet reported on its performance over the year of its work – these are the main economic news of the past week.

The government decided to revisit the adaptive quarantine model, as well as set to index pensions by 11% in March; President Volodymyr Zelensky vowed to continue a large-scale campaign on construction of roads and bridges; and the State Statistics Service announced a decline in industrial output in January – these are the main economic developments of the outgoing week.

The government has announced its intention to make Ukraine part of a new "European Green Deal" aimed at significantly improving the continent's environmental status. UNIAN understood how this strategic area of development will affect the economy and lives of ordinary Ukrainians.

The Cabinet of Ministers has extended the COVID-19 quarantine until April 30, the IMF mission's work to revise the loan agreement with Ukraine brought no positive results, and while state-owned Naftogaz of Ukraine announced plans to invest billions of dollars in boosting gas production – these are the key economic developments of the outgoing week.

The European Union has called on Ukraine to pursue launched reforms and gave EUR 200 million to support businesses in the context of coronacrisis, while the statistics agency reported on accelerating inflation – these are the key economic developments of the outgoing week.

Serhiy Marchenko took the lead of the Ministry of Finance on March 30, 2020, at the onset of a challenging coronacrisis period. In an interview with UNIAN, the minister spoke about the progress in negotiations with the IMF, his vision of pension reform, the ministry's plans for the year, and features of the latest affordable mortgage program.

The hryvnia kicked off this February with a confident strengthening, forcing the dollar to drop below a UAH 28 mark. According to experts, in the coming months, objective market factors will ensure reliable support for the Ukrainian currency.

Ukraine resumed imports of electricity from Russia to compensate for the acute shortage in own energy grid, the hryvnia strengthened amid ongoing talks with the IMF, while the Rada adopted laws formalizing remote work and taking the first step towards large-scale sale of state assets – these are the main economic developments of the first week in February.

The Verkhovna Rada has greenlighted the founding of the Bureau of Economic Security and elimination of tax police, the Cabinet promised to curb the rise in heating and hot water tariffs for households, while the State Statistics Service reported an increase in wages over 2020 – these are the main economic developments of the last week of January.

The Cabinet of Ministers has capped gas prices for household consumers, while the National Bank maintained its key rate and estimated the drop in GDP in 2020 at 4.4% - these are the main economic developments of the outgoing week.

The IMF mission resumed work on reviewing the loan agreement with Ukraine, the Cabinet proposed to fix the gas prices for the population pending quarantine, while the State Statistics Service spoke of a higher inflation pace – these are the key economic developments of the outgoing week.

In the first days of the new year, the national currency began to gradually strengthen after sliding towards the end of 2020. Experts say that the basic economic factors are favorable for the hryvnia and predict it will be relatively stable in the near future.

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.

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?

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.

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.

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.

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.

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.