The deficit of the state budget of Ukraine in 2022 due to the war unleashed by Russia will increase to 17.8% of GDP from 4% of GDP in 2021, this is the forecast given by the International Monetary Fund (IMF). According to the Fiscal Monitor released by the IMF on Wednesday, in subsequent years the … Read more
The American Chamber of Commerce in Ukraine (ACC) after a survey of 103 companies out of 633 of its members found that 41% continue to work fully, 50% work partially, while 29% of respondents transferred their business to other regions of Ukraine and 19% – abroad. “After 50 days of the war: 41% of Ukraine … Read more
The fall in Ukraine’s real GDP in March 2022 amounted to 45% compared to the same period last year, the state budget deficit this year could reach 16-26% of GDP, Dragon Capital investment company predicts. “According to preliminary estimates, in March, real GDP fell by 45% year-on-year. The blocking and mining of the Black Sea … Read more
Ukraine’s international reserves currently stand at $27.4 billion, representatives of the National Bank of Ukraine (NBU) said at a meeting with the European Business Association (EBA) and the American Chamber of Commerce on April 15. “Ukraine’s foreign exchange reserves currently amount to $27.4 billion thanks to the support of international partners – the IMF, the … Read more
At a scheduled meeting of the Monetary Policy Committee (MPC), the National Bank of Ukraine (NBU) once again decided to keep the key policy rate at 10%, given the ongoing war in the country unleashed by Russia. “Under the current conditions, the impact of the key policy rate on the functioning of the money market … Read more
On April 12, President of Ukraine Volodymyr Zelensky signed law No. 2180-XI on the full guarantee of deposits of individuals by the state for the period of martial law and three months after its completion. Head of the Verkhovna Rada Committee Danylo Hetmantsev said on his Telegram channel on Tuesday, the law also establishes that … Read more
As of April 11, 2022, the KSE Institute estimated the damage to Ukraine’s infrastructure from the war in the country at $80.4 billion, or UAH 2.4 trillion, while over the past week the estimate of losses increased by $12.2 billion, according to a press release from the analytical division of the Kyiv School of Economics … Read more
The Cabinet of Ministers of Ukraine supported a decision to impose a complete embargo on imports of goods from the Russian Federation, the Ministry of Economy said on Sunday, citing First Deputy Prime Minister and Minister of Economy Yulia Svyrydenko. “Such a decisive step by Ukraine can serve as an example for our Western partners … Read more
During the sowing season 2022, Ukraine sowed main agricultural crops on 1.07 million hectares of land, which is 7.9% of the 13.44 million hectares planned for the current season, including 0.47 million ha sown during the week from April 1 through April 8. The start of sowing spring crops in all regions of Ukraine except … Read more
Ambassadors of G7 counties promised to coordinate their efforts with Ukraine’s international partners to support the country’s economic recovery. This is stated in a statement by the ambassadors of the “G7” on Twitter. They will also work to encourage Ukraine to return to the path of economic and judicial reforms after the war. At the … Read more