Ukraine exported 48,000 tonnes of honey in 2022, which is 16.7% less than a year earlier, the Ukrainian Agriculture Export Association reported. According to its data, the decline in exports in monetary terms was not so significant – by 4.6%, to $137 million. “In recent years, honey has become one of those products that bring … Read more
Ukraine’s international reserves was USD 35.9 billion as of May 1, reaching the highest level in the past eleven years, the press office of the National Bank of Ukraine (NBU) wrote on May 4. Last time Ukraine’s international reserves were higher was in August 2011. The reserves volume increased in April by 13% because of the international support … Read more
The European Commission has suspended imports of four types of Ukrainianagricultural products to five EU countries, according to a May 2 press release. The measure entered into force on May 2 and will last until June 5, 2023. It is deemed necessary given the exceptional circumstances of serious logistical bottlenecks experienced in five member states – Bulgaria, Hungary, … Read more
Ukraine hasentered a stable disinflationary trend, suggesting further price declines are in the cards, National Bank Governor Andriy Pyshnyy told the We Are Ukraine TV channel on May 2, reported Ukrinform. “Prices will fall,” Pyshnyy stated. “The demand for [foreign] currency is decreasing. This is the result, among other things, of the NBU’s monetary policy, which … Read more
The European Commission on Tuesday adopted exceptional and temporary precautionary measures on imports of certain agricultural goods from Ukraine after pressure from five European Union member states, which blamed Ukrainian imports for the collapse of local prices. Sydorov writes about this with reference to the message of the European Commission. The import ban concerns four … Read more
For the first time in a year and a half, Ukrainian businesses are expecting their production to grow, according to the National Bank of Ukraine (NBU) monthly business activity expectations index (BAEI), published on May 1. BAEI went up from 49.5 in March to 51.5 in April, crossing the neutral level of 50 points, indicating positive … Read more
The National Bank of Ukraine (NBU) has developed a proposal to limit marginal interest rates for consumer loans, which would require amending existing regulations on consumer lending, the regulator said in a message on its website on May 1. NBU notes that setting marginal interest rates for microloans is a well-established practice in the UK, EU, and … Read more
The European Commission has reached an agreement with Bulgaria, Hungary, Poland, Romania, and Slovakia to resolve the crisis of Ukrainian agricultural imports driving down domestic prices, European Commission Vice-President Valdis Dombrovskis said in a Twitter post on April 28. The agreement comes after two weeks of negotiations, following Poland and nearby countries introducing bans on imports of … Read more
The National Bank of Ukraine (NBU) has revised its 2023 inflation forecast from 18.7% to 14.8%, stating that inflation will drop and return to a single-digit figure in the next years, the NBU’s press service reported on April 27. “Inflation will continue to decelerate, including due to lower global energy prices, restrained domestic demand, and the effect of the … Read more
The National Bank of Ukraine (NBU) has improved its economic growth forecast for 2023, from 0.3% to 2.0%, in view of the rapid recovery of the energy system and loose fiscal policy, the NBU’s press service reported on April 27. “Already this year, the economy will return to growth, which will accelerate in the coming years on the … Read more