There is no demand for the creation of new banks: over the past five years, the National Bank of Ukraine (NBU) has not received a single package of documents, Deputy Governor of the NBU Dmytro Oliynyk has said. “The number of requests from non-bank players is also at a low level, at the same time, … Read more
The International Monetary Fund (IMF) has announced the creation of the Capacity Development Fund for Ukraine, with $14 million already received from donors, National Bank of Ukraine Governor Andriy Pyshnyi has said in a post on Facebook. “The IMF has officially launched the Capacity Development Fund for Ukraine, aimed at addressing the needs for the … Read more
Over 80% of Ukrainian businesses have remained in their regions despite significant changes in the economic geography of Ukraine. This is stated in the research of the Center for Economic Recovery (CER) «Impact of the war on the economy of Ukraine: sectoral, regional and social aspects». 16.4% of enterprises were relocated (2.2% of them abroad). Another 3.3% … Read more
The International Monetary Fund (IMF) supports the decision of the National Bank of Ukraine (NBU) from October 3 to move from the hryvnia fixed exchange rate regime to its managed flexibility regime and believes that this will further support the economic stability and the foreign exchange market, deputy head of the IMF mission in Ukraine … Read more
Ukraine increased meat exports 10% from January through September compared to the same period last year, reported the press service of the Ministry of Agrarian Policy and Food. “Ukraine has all the prerequisites for the effective development of the meat industry and the realization of export potential. Over the nine months of 2023, the growth … Read more
Prime Minister Denys Shmyhal says that about 25% of the harvested grain is enough for Ukraine’s internal needs, and the rest needs to be exported. “Bridges should be built on our western border now, and not walls. This, first of all, concerns Ukrainian agricultural exports. We need wide transit routes for food exports. This is … Read more
An important task for the National Bank of Ukraine (NBU) remains reducing the spread between the dollar exchange rate on the cash market and the official rate, and therefore the central bank is ready to use additional tools if necessary, said Deputy Governor of the National Bank Serhiy Nikolaychuk at a press briefing on Monday. … Read more
Banks, which until today could buy and sell currency at the request of clients only within the official rate of the National Bank of Ukraine +/-1%, from October 3 can independently set it without this limitation. The corresponding norm is enshrined in resolution No. 121 of the NBU board of October 2 on the transition … Read more
Prime Minister of Ukraine Denys Shmyhal signed a resolution of the Cabinet of Ministers on the introduction of a mechanism for verification and coordination of four groups of Ukrainian agricultural exports, in particular wheat, rapeseed, sunflower and corn, to Romania, Bulgaria, Poland, Slovakia and Hungary. “Ukraine presented this mechanism as part of a plan to … Read more
The reduction in the key policy rate of the National Bank of Ukraine (NBU) in September from 22% to 20% per annum was supported by nine members of the monetary policy committee, two spoke in favor of a more significant reduction – to 19%, the regulator reported on the results of committee discussions on September … Read more