Igor Orel 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
Iryna Petrenko Director of the Holodomor Museum Olesya Stasiuk: We want to explain what genocide is. It's not just mass murder through famine
Olesya Stasiuk, chief of the National Museum of the Holodomor-Genocide, has sat down with UNIAN to tell about inclusive and digital projects, true history and Russian fake stories about the Holodomor, as well as why and how should children be told the truth about this crime.
23:20, 04 February 2021
Hanna Nahorna 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
Kateryna Zhyriy 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
Hanna Bredihina Week's balance: IMF mission resumes work, Cabinet vows gas price reduction, while inflation rises
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
Tetyana Urbanska Lukashenko and Putin's world: Ukraine must be ready to fight back without waiting for help
The world is entering the new year facing a host of problems – from needing to overcome the COVID-19 pandemic to tackling new digital challenges. Against this background, it seems that Ukraine cannot count on any special support on the part of its partners in confrontation with Russia.
10:50, 17 January 2021
Kateryna Zhyriy Hryvnia's renewed vigor in 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
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