Australia resident on raging fires: We praise firefighters and pray for rain
Sydney-based Larysa Tsypkalenko, a former Odesa native, sat down with UNIAN to tell about the Green Continent fighting massive fires, local residents surviving in difficult conditions, saving their neighbors and injured animals.
Week's balance: Ukraine continues Russian gas transit, inflation drops to six-year low, while Cabinet proposed new Labor Code
Ukraine continued the transit of Russian gas to the EU, the State Statistics Service said inflation had fallen to a record low over the past six years, while the Cabinet of Ministers unveiled a draft new Labor Code providing for the liberalization of labor relations, albeit criticized by trade unions and experts – these are the main economic developments of the past week.
Agricultural sector on verge of historic reform in Ukraine
The past year was marked by more record crops of grains and oilseeds, the abolition of state monopoly on production of alcohol, and a high-profile bill set to launch historic land reform in October 2020 if adopted.
Reform of tax and customs services: new times, young leaders, and old problems
In 2019, Ukraine launched a large-scale reform of the tax and customs services, which became possible due to the reorganization of the Fiscal Service by dividing it into two agencies. The leaders of the new structures promise that Ukrainians will feel the changes as early as this year. Among them are payments of all taxes online, as well as the elimination of smuggling and queues at customs.
Ukraine's economic outlook for 2020: modest growth, low inflation, and possible devaluation return
The growth of the Ukrainian economy in 2019 may become the highest in the last eight years, while inflation – the lowest over the past six years. The country's leading experts provided their economic forecasts for 2020 and identified key risks.
Overview of 2019: new government, weak reforms, and expectations for brighter future
Ukraine concludes 2019 with small economic victories, grounds for high hopes, and reasons for certain disappointment. The upcoming 2020 may also be full of changes, and the declared reforms can thoroughly shake up the national economy.
Ukraine's financial performance in 2019: strong hryvnia, leaky budget, and billions of dollars in debt
The Ukrainian hryvnia has rapidly strengthened against the dollar and the euro, the state budget has fallen short of billions of target revenues, while public debt has grown by billions of dollars. How are these events connected, and what awaits the country's financial system and personal finances of Ukrainians in 2020?
Naftogaz, Gazprom, and gas transit contract: who will ultimately win the "gas" battle
Ukraine and Russia agreed on a new contract for the transit of Russian gas via the Ukrainian territory to the EU after the existing deal expires on December 31, 2019. The protocol of the future agreement was coordinated by the parties in Minsk on December 20. The formal signing of the contract is scheduled for December 29. UNIAN learned whether Naftogaz or Gazprom could be declared a winner.
Week's balance: gas transit arrangements with Russia, "crusade" on gambling business, and strengthening hryvnia
Ukraine and Russia have reached an agreement on key issues of a new contract for the transit of Russian gas, the government has declared a "war" on the gambling business, while the Ukrainian hryvnia continues to beef up – these are the main economic developments of this week.
Debt noose: Will Ukraine be able to cover all debts
Ukraine's national debt has reached $82 billion, while the Cabinet continues its borrowing spree, each week placing bonds, most of which are being purchased by non-residents. What are the risks of such a policy, and will the country be able to pay off its debts?
Vadym Prystaiko: If by year-end we're able to do a swap, then Normandy format summits make sense
Foreign Minister of Ukraine Vadym Prystaiko sat down with UNIAN to tell us about the outcome of the summit of Normandy Four leaders, impressions from Zelensky's first meeting with Putin, whether it is possible to "redraw" Minsk agreements, and why no one should be afraid of the "Steinmeier formula" in Ukrainian legislation.
Week's balance: Ukraine reaches staff-level agreement on new IMF loan, NBU lowers its key rate, while inflation seen sliding at record pace
Ukraine and the International Monetary Fund have reached a staff-level agreement on a new three-year extended fund facility, the National Bank once again lowered the key rate, while the State Statistics Service said inflation was slowing to a six-year low – these are the main economic developments of the outgoing week.
Gas transit in Normandy format. What did Zelensky and Putin agree upon
Negotiations have been held in the Normandy format between the leaders of Ukraine, Germany, France, and Russia. The main issue of discussion is the fate of Donbas. But the gas topic was also touched upon on the summit's sidelines. Zelensky and Putin discussed it bilaterally.
Wartime love story: Donetsk woman meets man from Right Sector unit
Viktoria and Anatoly Kotelenets have told UNIAN their story of love during wartime that strives among the ongoing hostilities. When the two met, "Romeo" was a fighter with the "Right Sector group, while "Juliet" was a Donetsk native.
Week's balance: Sanctions against Russia, launch of Customs Service, and new hryvnia records
The Cabinet of Ministers extended trade sanctions against Russia and launched the new Customs Service, Ukrtransnafta agreed with the Russian Federation to extend oil transit, while the hryvnia updated four-year highs five times in a week – these are the main economic developments of this week.
Another trump card for Naftogaz in dispute with Gazprom
Ukraine continues to defend its position in the gas transit dispute with Gazprom. Billions in revenue for the Ukrainian budget are at stake. So far, in international courts, the Ukrainian position looks more confident than the Russian one.
Week's balance: Ukraine seals another win over Gazprom, Cabinet repays debts, while hryvnia breaks records
Ukraine won appeal in gas transit dispute with Gazprom, the Cabinet began to pay off insurance arrears, while the hryvnia renewed its four-year high twice a week – these are the main economic developments of the outgoing week.
Ex-owner of VAB Bank Oleg Bakhmatyuk: People in power think they're immortal and that they'll be around for a hundred years, thus repeating the same mistake their predecessors made
Oleg Bakhmatyuk, ex-owner of VAB Bank, and owner of Ukrlandforming agricultural holding, who was put on wanted list on November 22 on suspicion of embezzling UAH 1.2 billion in VAB Bank's stabilization loan, told UNIAN about the circumstances of the case, the nature of conflict with NABU Director Artem Sytnyk, as well as further plans to shape up his line of defense and return to Ukraine.
Week's balance: New outlook by World Bank, reboot of EU association deal, and IMF talks
The World Bank has improved the forecast for the Ukrainian economy development, the Cabinet of Ministers updated the plan for the implementation of the Ukraine-EU Association Agreement, while IMF talks are still ongoing – these are the main economic developments of the outgoing week.
Week's balance: Parliament greenlights land reform and adopts 2020 budget, while IMF mission returns to Kyiv
The second week of November became historic for Ukraine – the parliament passed land reform at first reading of the law on the land market, and the next day adopted the state budget. The IMF staff mission arrived in Kyiv to complete negotiations on a new EFF program, while the statistics agency announced a slight slowdown in GDP growth in 3Q 2019.