Week's balance: markets calm following first round of elections, gas tariffs down, promises voiced of new forex easing

Week's balance: markets calm following first round of elections, gas tariffs down, promises voiced of new forex easing

As the country's financial markets retained their calm following the first round of presidential elections experts expect this trend to prevail with any outcome of the runoff; the Cabinet of Ministers instructed Naftogaz to reduce the gas price for the households, while the National Bank promised another wave of forex liberalization - these are the main economic developments of the outgoing week.
11:30, 06.04.2019
Week's balance: Easing for businesses, launch of the Energy Efficiency Fund, and pre-election calm in markets

Week's balance: Easing for businesses, launch of the Energy Efficiency Fund, and pre-election calm in markets

The Cabinet of Ministers made another step to simplify the conditions for doing business in Ukraine, the Energy Efficiency Fund started financing its first projects, while experts talked about the possible influence of presidential elections on the Ukrainian financial market – these are the main economic news of the outgoing week.
12:20, 31.03.2019
Week's balance: Kobolyev retains post, Ukraine launches new sanctions against Russia, and starts search for heads of tax and customs agencies

Week's balance: Kobolyev retains post, Ukraine launches new sanctions against Russia, and starts search for heads of tax and customs agencies

After a short delay, the Cabinet of Ministers extended for another year the contract with Naftogaz CEO Andriy Kobolyev and launched the search for the heads of the tax and customs agencies, the president issued a decree expanding the sanctions package against the aggressor state, Russia, while the State Statistics Service pleased Ukrainians with the data on economic growth in 2018 – these are the main economic news of the outgoing week.
10:40, 24.03.2019
"Quiet" IMF mission. What awaits Ukraine

"Quiet" IMF mission. What awaits Ukraine

The IMF mission left Ukraine "quietly" - without official statements about future cooperation. At stake are two tranches that are very important given the repayment of billions of dollars in debts scheduled for this year. The National Bank and the Ministry of Finance say there is no need to worry – everything goes according to schedule. Experts are less optimistic – the inflows may be delayed, which means that pressure on the hryvnia exchange rate is inevitable.
16:05, 19.03.2019
Week's balance: Laconic IMF, cautious National Bank, and new loans

Week's balance: Laconic IMF, cautious National Bank, and new loans

The mission of the International Monetary Fund completed its work in Kyiv, the National Bank once again did not dare to lower its key rate, while the government continued to raise social standards and take new loans ahead of the elections – these are the key economic news of the outgoing week.
22:30, 17.03.2019
Hryvnia exchange rate: What to expect during election year

Hryvnia exchange rate: What to expect during election year

Since year-start, the Ukrainian hryvnia has strengthened against the dollar by a record 4%. This was facilitated by a number of seasonal factors - non-residents buying up domestic securities, the start of a planting season, and the repayment by businesses of tax obligations for 2018. However, on March 13, the national currency sharply lost its positions. Rumors immediately emerged of the impending devaluation. UNIAN learned from experts what to expect from the hryvnia exchange rate this year.
23:35, 13.03.2019
More lethal aid from U.S.: How Ukraine can respond to Russia's aggression

More lethal aid from U.S.: How Ukraine can respond to Russia's aggression

Amid the escalation of Russian aggression in the Black and Azov Seas, the United States is considering providing Ukraine with more lethal defensive weapons. UNIAN learned about the possible options of supplies and whether to expect a "response" on the part of the Kremlin.
23:50, 11.03.2019
Week's balance: Farewell to Kobolyev, fiscal service reform, and new wave of deregulation

Week's balance: Farewell to Kobolyev, fiscal service reform, and new wave of deregulation

The Cabinet of Ministers refused to renew the contract with Naftogaz CEO Andriy Kobolyev, the reform of the fiscal service has finally moved from a standstill, the government abolished 149 business regulations, while hryvnia further strengthened – these were the main economic developments of the outgoing week.
14:40, 09.03.2019
Groysman-Kobolyev row playing in Kremlin's hands

Groysman-Kobolyev row playing in Kremlin's hands

The "salary spat" between Prime Minister Volodymyr Groysman and top managers of Naftogaz escalated to the government’s refusal to renew the contract with CEO, Andriy Kobolyev. The latter stated that the Cabinet's actions were unlawful but did not specify his further moves. The whole situation is now in limbo. Experts suggest there is some pre-election fleur to it, but this will only play into the hands of Russia's Gazprom.
22:25, 08.03.2019
Week's balance: Slower slide of industrial output, election "gifts" to pensioners, and restrictions on cash payments

Week's balance: Slower slide of industrial output, election "gifts" to pensioners, and restrictions on cash payments

The State Statistics Service reported a slowdown in industrial output in January, the government allocated one-time “assistance” to pensioners on the eve of elections, while the National Bank announced its intention to impose restrictions on B2C cash payments – these are the main economic news of the outgoing week.
13:00, 02.03.2019
Week's balance: Attack on shadow employment, end of preferences for owners of cars on EU plates, and green-lighted inspections at regional gas distribution companies

Week's balance: Attack on shadow employment, end of preferences for owners of cars on EU plates, and green-lighted inspections at regional gas distribution companies

The Ministry of Social Policy is initiating new restrictions on contracting "individual entrepreneurs" instead of fully hiring them; the grace period for customs clearance of cars with EU plates has ended; while the regulator has been allowed to inspect regional gas distribution companies over additional charges to their customers for gas consumed – these are the main economic news of the outgoing week.
23:40, 24.02.2019
Self-deception: Hungary first generously hands out passports to Ukrainians, then struggles with "new Hungarians"

Self-deception: Hungary first generously hands out passports to Ukrainians, then struggles with "new Hungarians"

Recently it became known that the Prosecutor’s Office of Hungary opened 370 criminal cases against Ukrainians who had obtained Hungarian citizenship. The first targets of the investigation were those seeking Hungarian pensions. Meanwhile, mediators in Ukraine didn’t blink an eye and further help future Hungarian pensioners get citizenship.
19:00, 20.02.2019
Week's balance: Ukraine stats agency reports on accelerated economy growth, government speaks of priorities for 2019, while president urges foreign businesses to invest in Ukraine

Week's balance: Ukraine stats agency reports on accelerated economy growth, government speaks of priorities for 2019, while president urges foreign businesses to invest in Ukraine

The State Statistics Service reported on a faster economy growth in the fourth quarter of 2018, the government submitted its annual report and announced priorities for 2019, while President Poroshenko called on foreign businesses to invest in Ukraine – these are the main economic news of the outgoing week.
13:40, 16.02.2019
Renewable energy in Ukraine on the verge of change

Renewable energy in Ukraine on the verge of change

Electricity production from solar and wind energy in Ukraine is growing by leaps and bounds primarily due to a powerful incentive – a high "green" tariff. Whether this sector is able to maintain its attractiveness depends on the parliament, which is considering a law on the transition from green tariffs to the mechanism for determining the price of electricity at auctions.
18:40, 15.02.2019
Week's balance: Hryvnia strengthening, road repairs promised, and personnel reshuffles hitting high offices

Week's balance: Hryvnia strengthening, road repairs promised, and personnel reshuffles hitting high offices

Hryvnia entered a period of confident growth, the infrastructure ministry vowed further efforts to upgrade Ukrainian road network, while the Cabinet replaced the agrarian ministry's acting chief – these are the main economic news of the past week.
21:40, 09.02.2019
Ukraine's path toward EU and NATO: Point of no return

Ukraine's path toward EU and NATO: Point of no return

On Thursday, February 7, the Verkhovna Rada of Ukraine leveled out the “achievements” of the fugitive ex-President Viktor Yanukovych, enshrining in the Constitution of Ukraine the country's strategic course toward the EU and NATO. What do these changes mean and is it possible that Ukraine will one day make another U-turn toward Russia?
16:00, 08.02.2019
Ukraine's Deputy Finance Minister Vasyl Shkurakov: "There is no urgent need to rush and borrow at whatever rate"

Ukraine's Deputy Finance Minister Vasyl Shkurakov: "There is no urgent need to rush and borrow at whatever rate"

This year, Ukraine must repay more than $6 billion to external creditors. Deputy Minister of Finance Vasyl Shkurakov in an interview with UNIAN told about the government's strategy of refinancing debts, the ministry's work in the domestic debt market, and the probability of default on public debt.
09:00, 05.02.2019
Week's balance: War over gas bills, NBU forecast, and new transport projects

Week's balance: War over gas bills, NBU forecast, and new transport projects

The government struck back at the regional gas distribution companies, reducing consumption rates for Ukrainians and speeding up the installation of meters; the National Bank retained the GDP growth forecast; while the leaders of the transport industry announced this year's priority tasks – these are the key economic news of the past week.
09:00, 04.02.2019
Infrastructure Minister: We believe the Azov set of sanctions will be adopted. This will hit Russia, again

Infrastructure Minister: We believe the Azov set of sanctions will be adopted. This will hit Russia, again

The Minister of Infrastructure of Ukraine in an interview with UNIAN told about the ongoing work with the western partners on a new package of sanctions against Russia over the aggression in the Sea of Azov and our losses as a result of this aggression, Ukraine's plans for road repair and construction, his attitude to the NABU probe against him, and changes ahead in railway transportation.
18:00, 01.02.2019
Week's balance: Gazprom's delay, FTA with Israel, and good news from Davos

Week's balance: Gazprom's delay, FTA with Israel, and good news from Davos

Following the tripartite talks in Brussels on the transit of Russian gas via Ukraine, the parties identified their positions and set up a new meeting, while Ukraine sealed an FTA deal with Israel, and reached a number of agreements with investors at the annual economic forum in Davos – these are the key economic news of the outgoing week.
14:40, 27.01.2019
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