Week’s balance: Budget-2018, IMF audit, and hryvnia losing shape
The Cabinet of Ministers of Ukraine approved and submitted to the Verkhovna Rada a draft budget for 2018, Deputy Managing Director of the IMF David Lipton inspected how Ukraine fulfilled obligations under the program of cooperation with the Fund and appreciated the progress in the stabilization of the Ukrainian economy, while the hryvnia continued its downward trend - these are the main economic news of the outgoing week.
Week’s balance: President's address, preparation for winter, and nervous hryvnia
Ukrainian President Petro Poroshenko in his annual address to the parliament outlined the main tasks to achieve the country’s stable development, the government took up preparations for the heating season and assured that it would pass unhindered, while Naftogaz declared the need to attract European partners to the management of the gas transmission system - these are the main economic news of the outgoing week.
Hryvnia’s troubled autumn
The interbank market has for the past several days been seeing an increased demand for foreign currency, pulling the hryvnia down. Expert opinions on how the national currency will survive traditional autumn anxiety and winter colds have divided.
Week’s balance: Groysman sees "sabotage" in LPG market, announces legislative plans for autumn, while Akhmetov boosts control in energy sector
Prime Minister of Ukraine Volodymyr Groysman announced the government's plans for the autumn, while LPG prices in the motor fuel market started to ease down after the August peak, and competent authorities are instructed to probe into the “sabotage” with pricing. The American corporation announced its intention to pour $650 million into Ukraine's energy market, while the agrarians completed the harvesting of early grain crops. These are the main economic news of the outgoing week.
Week’s balance: LPG prices soar, state sector mired in losses, while Firtash comes into spotlight, again
The National Bank of Ukraine this week continued to strengthen the hryvnia rate; the Ministry of Economic Development and Trade estimated the profits and losses of state companies for 2016; the prices of LPG set a new record; while Firtash's companies jumped into a public focus over the alleged supplies of electricity and raw materials to the occupied Crimea - these are this week’s main economic news.