Week's balance: Cabinet reports on year's work, launches cheap mortgage campaign, while NBU raises key rate
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.
15:20, 08 March 2021
Week's balance: Return to adaptive quarantine, infrastructure promises, and decline in industrial output
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.
20:00, 27 February 2021
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.
15:00, 27 February 2021
Week's balance: Cabinet prolongs quarantine, IMF mission yields no positive result, while Naftogaz talks investing billions in gas extraction
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.
17:20, 21 February 2021
Week's balance: EU calls on Ukraine to continue reform, giving EUR 200 mln to support businesses, while inflation accelerates
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.
16:40, 13 February 2021
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.
16:05, 11 February 2021
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.
17:59, 08 February 2021
Week's balance: Ukraine resumes electricity imports from Russia, hryvnia beefs up, Rada takes another step toward large SOEs' sale
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.
14:00, 06 February 2021
Week's balance: Rada launches Bureau of Economic Security, Cabinet caps utility tariffs, wages keep rising
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.
19:00, 30 January 2021
Week's balance: Cabinet sets cap on gas prices, NBU keeps key rate unchanged, releases outlook for GDP fall in 2020
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.
21:00, 23 January 2021
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.
16:10, 17 January 2021
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.
16:30, 14 January 2021
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
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
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
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
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
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
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
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