Polish farmers have almost twice as much revenue as Ukrainian exporters of agricultural products, so the claims that Ukrainian grain has a bad influence on the market in Poland are not true. Source: Oleh Nivievskyi, Vice President for Economic Education and Associate Professor of the Kyiv School of Economics, analysed the difference between comparable prices … Read more
Real gross domestic product (GDP) of Ukraine in the second quarter of 2023 increased by 19.5% compared to the second quarter of 2022, after falling by 10.5% in the first quarter and 31.4% in the fourth quarter of last year. According to the recent assessment of the State Statistics Service, released on Friday, compared with … Read more
Kyiv has lodged lawsuits with the World Trade Organization (WTO) against Poland, Slovakia, and Hungary after the three countries introduced unilateral bans on imports of Ukrainian agricultural produce, Ukraine’s Economy Ministry said on Sept. 18. Economy Minister Yulia Svyrydenko stated that it is fundamentally important for Ukraine to prove that individual EU countries cannot ban … Read more
Farmers across Bulgaria began protests against the country’s parliament deciding to resume imports of agricultural products from Ukraine, Forbes Bulgaria reported on Sept. 18. By 10:00 a.m. local time, farmers had brought heavy farming equipment onto major roadways, blocking traffic. They shut down border crossings, major roads, and highways in the country. The protesters are … Read more
Five EU countries bordering Ukraine have signaled their opposition to Kyiv’s proposals on implementing export controls on shipments of Ukrainian grain, Polish news agency PAP reported on Sept. 18, citing an EU source. According to the report, Ukraine has presented its proposals to the European Commission regarding importing grain into EU countries, which would require … Read more
The European Commission has decided against extending the ban on imports of Ukrainian grain to Poland, Bulgaria, Romania, Hungary, and Slovakia, the commission announced on Sept. 15. At the same time, the decision is predicated on Kyiv meeting certain obligations. “Ukraine has agreed to introduce any legal measures (including, for example, an export licensing system) … Read more
The Bulgarian Parliament has voted in favor of lifting the country’s ban on Ukrainian grain imports, local outlet News 24-7 reported on Sep. 14. “Taking into account the solidarity of Bulgaria with Ukraine, Bulgaria does not support the extension of the emergency measure banning the import of wheat, maize, rapeseed, and sunflower from Ukraine to … Read more
Hungary plans to implement a full national ban on Ukrainian grain imports in cooperation with Romania and Slovakia if the EU doesn’t extend the existing ban set to expire on Sep. 15, according to Hungary’s Minister of Agriculture, István Nagy, on Sep. 13. “We have agreed with my Romanian, Slovak and Bulgarian colleagues that if … Read more
The National Bank of Ukraine (NBU) will allow banks to sell non-cash foreign currency without verification of grounds or contractual obligations for such operations, starting from Aug. 29. As reported by NBU’s press service, the bank is easing currency restrictions and minimizing exchange rate disparities. Starting from Aug. 29, banks will be able to sell … Read more
Ukraine’s real GDP growth in July slowed from 15% to 8%, compared to the same period last year, the Institute for Economic Research and Policy Consulting (IER) stated in its monthly economic monitoring report on Aug 17. “The slowed growth is primarily due to the presence of a higher statistical base, as the decline of … Read more