Week's balance: Expanding "red" quarantine zones, new yearly gas prices for households, and higher inflation pace
Due to the increase in the coronavirus incidence, Kyiv and more than a dozen regions across Ukraine have tightened quarantine restrictions, the national regulator approved the terms of yearly gas contracts for households, while the State Statistics Service declared the acceleration of inflation – these are the key economic developments of the outgoing week.
Week's balance: Capital, regional authorities introducing lockdown, Rada legalizing e-passports, wages growing
Due to the higher rate of COVID-19 spread, Kyiv and regional authorities across Ukraine are introducing strict lockdown measures, restricting public transport; the Verkhovna Rada has legalized e-passports displayed via a Diia app; while the State Statistics Service has reported on the increase in wages – these are this week's main economic developments.
The Cabinet has approved the National Economic Strategy until 2030, which aims to double the gross domestic product. To realize the dream, the country needs to try hard: decisive reform and billions of dollars in investments are needed.
Week's balance: Cabinet sets electricity price, vows quarantine compensation for businesses, while industrial output slides
The Cabinet of Ministers has set household electricity price for April and promised to pay UAH 8,000 (US$286) to entrepreneurs affected by quarantine bans, while the State Statistics Service reported a higher pace of the industrial output fall – these are the key economic developments of the outgoing week.
Odile Renaud-Basso: Ukraine recovery growth assessed at 3% of GDP in 2021, with exceptional level of uncertainties
President of the European Bank for Reconstruction and Development Odile Renaud-Basso, who began her first visit to our country on Monday, told UNIAN about the results she wants to achieve in Ukraine during her tenure and gave advice on how to double Ukraine's GDP and attract large amounts of foreign investment.
The capital and a number of regions of Ukraine are returning to strict lockdown, the Cabinet unexpectedly sacked the head of the board at Ukrzaliznytsia, while the average size of subsidies in February decreased by over 30% – these are the key economic developments of the outgoing week.
From time to time, officials and politicians remind of what every Ukrainian is subconsciously aware – not all Ukrainian citizens have single citizenship. Many times, the authorities undertook to address the issue, but so far nothing has been done in this regard. Now they launched a new attempt to fix things.
A few months ago, researchers across the world echoed the same idea: Russia's Spuntik V coronavirus vaccine can't be allowed on the market until it undergoes proper testing. But suddenly it turned out that "Sputnik" has somehow made its way to certain places in Europe, even without proper certification. Now the Russian vaccine of dubious quality has become a new major hybrid weapon for Vladimir Putin.
The State Statistics Service recorded a higher pace of inflation, the National Security and Defense Council decided to nationalize Motor Sich, and the Nova Poshta postal service increased tariffs for delivery – these are the main economic news of the outgoing week.
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.
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.
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.
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.
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.
Expert on int'l law: Ukraine has imposed sanctions on over 2,000 persons and nearly 1,000 legal entities in Russia. But we have to admit that these sanctions aren't working.
UNIAN has sat down with an expert on international law Bohdan Bernatsky, who is part of the Office of Simple Solutions and Results, an NGO preparing proposals for the President, as well as members of the National Reform Council, to find out how sanctions against specific individuals differ from sectoral ones, why hasn't Ukraine yet applied the latter to Russia, and how come violators of the sanctions regime are not held to account.
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.
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 head of the Center for Civil Liberties Oleksandra Matviychuk has told UNIAN about the ongoing persecution of lawyers in Crimea, the general strategy of the occupying power regarding the Ukrainian peninsula, and what should be done to protect victims of Russian war crimes.
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.
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.
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