Ukraine’s Finance Ministry announced on Aug. 9 the terms of the exchange of old bonds for newly issued securities, launching the process of restructuring Ukraine’s external debt on Eurobonds. Kyiv reached an agreement in principle with some of its creditors in late July to restructure the country’s external debt, which amounts to around $23 billion. … Read more
Consumer price growth in Ukraine dropped to zero in July 2024, following a surge to 2.2% in June from 0.6% in May, the State Statistics Service reported on Friday. The service said that in July 2023, consumer prices had decreased by 0.6%, so in annual terms, inflation as of July 2024 grew to 5.4%, up … Read more
Ukraine’s international reserves decreased for the fourth consecutive month in July 2024, dropping by 1.8% to $37.23 billion, the National Bank of Ukraine reported on its website. The prolonged decline is due to external financial aid not covering the amount of currency the National Bank sells on the domestic foreign exchange market. This situation may … Read more
In July 2024, Ukraine sold $2.97 billion worth of products abroad, a 9% increase from June, with the metallurgy sector setting records by exporting 219,000 tons of iron semi-finished products, an 83% increase from the previous month, according to Deputy Minister of Economy of Ukraine and trade representative Taras Kachka. “The metallurgy sector achieved a … Read more
In the first half of 2024, 250,972 people died in Ukraine, which tripled the number of newborns at 87,655. The birth rate decreased by 9% compared to the same period last year, reported Opendatabot with reference to data from the Ministry of Justice. The birth rate decreased by one and a half times this year, compared … Read more
The National Bank of Ukraine (NBU) has worsened its forecasts for the migration of Ukrainians: if in April of this year it expected an outflow of 200,000 this year and an inflow of 400,000 next year, now it estimates the outflow this year at 400,000, and next year at 300,000. “This assumption has been worsened … Read more
More than 228,000 vehicles have been imported into Ukraine in the first seven months of 2024, marking a 14.2% increase compared to the same period last year, according to the Ministry of Internal Affairs. The data was reported by the Opendatabot platform on Aug 2. Used cars dominated the import market, making up 71% of … Read more
The Government of Ukraine has approved the fundamental agreements of Ukraine with a special committee of owners of its eurobonds in the amount of about $23 billion, which provide for a write-off of 37% of the debt with the possibility of restoring 12% if a certain level of GDP is reached in 2028. Corresponding resolution … Read more
Ukraine will fulfill the terms of restructuring the 2022 GDP warrants and make payments to their holders, according to the Cabinet of Ministers’ resolution No 712 dated July 31, which has been published on the government portal. “The Ministry of Finance will carry out expenditures on state derivative payments […] within the budgetary assignments under … Read more
Bosnia and Herzegovina opened its market for imports of Ukrainian mechanically deboned poultry meat products, the press service of the State Service of Ukraine on Food Safety and Consumer Protection said. “It is critical to support Ukrainian exporters during the war, to create new opportunities for them, because this is support for the economy of … Read more