More than 200,000 Ukrainian seafarers roam the seas worldwide, generating up to a quarter of all forex earnings of Ukraine's labor migrants – every year sailors bring to Ukraine some UAH 80 billion, which is UAH 20 billion more than Kyiv's annual municipal budget. While part of this money fills the treasury, in the form of taxes and fees, the other one feeds handlers of shady corruption schemes.
Week's balance: Cabinet extends quarantine until July 31, Parliament snubs government program, while international air traffic resumes
The government has extended adaptive quarantine until July 31, the Verkhovna Rada once refused to support the revised Cabinet program, depriving ministers of a year-long immunity from sacking, while Ukrainians are finally allowed to fly abroad – these are the main economic developments of the outgoing week.
Despite the fact that Ukrainian legislation clearly defines in which cases citizens are allowed to protect themselves from assailants in any way, even employing weapons or other objects, and not bear any responsibility for this, these rules actually don't work. And the proof of this claim goes beyond the high-profile case of Serhiy Sternenko.
The National Guard Rapid Response Brigade recently returned on rotation from an eight-month deployment in Donetsk region's warzone. Their positions, just hundreds of meters away from those of the enemy, were shelled several times a day. Three national guards were killed on the latest deployment. Senior Lieutenant Ivan Murovanyi has told UNIAN about the clashes with subversive groups, life in the dugouts, and the enemy troops singing drunken songs and filming fake reports for the "news".
Week's balance: International financial assistance to Ukraine, slowdown in inflation, and key rate reduction by National Bank
Ukraine has received financial assistance from international partners, inflation has slowed down, while the National Bank has lowered its key rate to a historic low – these are the main economic developments of the past week.
Neptune is a top-secret Ukrainian project that any NATO country could be proud of. It's a cruise anti-ship missile able to deter the Russian fleet in the Black or Azov Seas. Flying at the fighter jet speed at ultra-low altitudes, just a few meters above the sea surface, it's invisible to enemy radars.
Week's balance: Rada sends Cabinet action plan for revision, air and rail travel resumes, while hryvnia beefs up
Ukrainian authorities continue with the easing of quarantine restrictions by resuming domestic rail and air travel, parliament sends the government's action plan for revision, while the hryvnia keeps strengthening – these are the main economic developments of the outgoing week.
The government submitted to parliament an action plan to restore the economy. On Thursday, the Rada sent it back for revision, refusing to provide the Cabinet, led by Denys Shmyhal, 12-month immunity from resignation. Is there a future for the program of "healthy economic nationalism"?
The U.S. threatens Russia with new sanctions over the construction of the Nord Stream 2 gas pipeline, which was designed to deprive Ukraine of gas transit revenues. UNIAN figured out whether Washington could defeat Moscow in the latest episode of gas war.
Week's balance: quarantine concessions, economic recovery in turbo mode, and manipulation on energy market
Ukrainian authorities continue to relax quarantine restrictions, which gives entrepreneurs hope for survival; the government approved a program to stimulate the economy to overcome the effects of the crisis; while the energy market is shaking from large-scale manipulation in the electricity sector – these are the main economic developments of the outgoing week.
Week's balance: Zelensky vows affordable lending, massive road repairs, while Cabinet allows partial relaunch of public transport
President Volodymyr Zelensky at a press conference on his first year in office promised Ukrainians affordable lending, a record mileage of repaired roads, as well as pension reform, while the government partially resumed public transport services, and the IMF approved a new $5 billion cooperation program - these are the latest economic developments in Ukraine over the outgoing week.
Crimea hasn't been forgotten, Donbas issue must finally be settled, no nepotism preached in personnel policies, while second presidential term is yet to be considered – that's what President Volodymyr Zelensky spoke of at a press conference marking his first year in office.
Week's balance: Cabinet allows reopening of non-food markets, Rada eases taxes for businesses pending quarantine, hryvnia beefs up
The Cabinet of Ministers decided to open non-food markets across country, the Verkhovna Rada eased tax pressure on businesses for the quarantine period and supported the arts and entertainment industries, while the national currency showed a slight, but steady growth.
The crisis provoked by the coronavirus pandemic dealt a severe blow to civil aviation worldwide. Air carriers around the world are laying off personnel, while some have already filed for bankruptcy. Governments of the world's leading economies are allocating enormous funds to help one of the key industries. But what can Ukraine do to save its aviation?
Week's balance: Cabinet extends quarantine along with easing, energy ministry limits operations of nuclear power plants, while NBU forecasts GDP decline
The government has extended the national quarantine until May 22, while making a number of concessions to a part of small businesses; the National Bank says Q2 will be the most difficult period for the Ukrainian economy, while the energy ministry has started limiting nuclear generation, at the same time mulling crypto mining at NPPs.
Russian political scientist Natalia Shavshukova: Luck turned its back on Putin. Post-quarantine Russia will be poorer and angrier
Russian political scientist Natalia Shavshukova sat down with UNIAN to speak about the potential consequences of Vladimir Putin zeroing his presidential terms, why does the government no longer control the situation in the country, what are the attitudes toward Donbas and Crimea, and will the Kremlin's policy change once the quarantine is lifted.
Week's balance: Cabinet allows food markets to reopen, limits salaries to CEOs of state-owned companies, while National Bank introduces new coin
The Cabinet of Ministers decided to support small businesses amid quarantine, having allowed food markets to reopen across country, and cut the already sky-high salaries to heads of state-owned enterprises, while the National Bank said it would be putting in circulation a new UAH 10 coin.
A new trend is emerging on Ukraine's power generation market: the more expensive solar and wind energy, which has been prioritized, replacing the cheaper nuclear and coal. UNIAN has learned what this will mean for Ukrainian consumers.
Russian businessman Dmitry Potapenko: Nothing threatens the "collective Putin" – neither a pandemic nor oil prices. Meanwhile, Russia is setting up a digital GULAG
A famous Russian businessman Dmitry Potapenko, who regularly criticizes the Kremlin's economic policies, told UNIAN how the "perfect storm" of the global crisis is killing the Russian economy, why are Russian authorities turning the country into a digital GULAG, how easy is it for the Kremlin to suppress any protest movement, and under what conditions could power change in Russia.
- 13 June, Sunday
- 12 June, Saturday
- 11 June, Friday
- 10 June, Thursday