Ukrainian and IMF officials have agreed on a draft for a $15.6 billion financial support program designed to last four years, the IMF said in a press release on March 21. The money will be spent on supporting Ukraine’s fiscal, external borrowing, price, and financial stability, and support its ongoing gradual economic recovery, while promoting … Read more
The extension of the grain initiative for another 120 days was announced by Ukraine’s Development Minister, Oleksandr Kubrakov, on his Facebook page on March 18. Kubrakov said the extension of the agreement by four months was achieved through the collaborative efforts of Ukraine, Turkey, UN Secretary General Antonio Guterres, and other partner countries. “This means that … Read more
Ukraine will gradually lift foreign currency restrictions imposed at the beginning of 2022 after Russia’s full-scale invasion, National Bank of Ukraine (NBU) head Andrii Pyshnyi said at a briefing on March 16. “We strongly intend and have a clear vision of how to move toward easing administrative restrictions and currency liberalization,” Pyshnyi said. Ukraine received … Read more
The National Bank of Ukraine (NBU) has decided to keep the key policy rate at 25% and introduce additional measures to ensure banking sector stability, NBU press service reported on March 17. In particular, the question of introducing a set of additional measures to strengthen the competition of banks for retail term deposits is being … Read more
The National Bank of Ukraine (NBU) has decided to keep the key policy rate at 25% per annum and, as market participants expected, and to take a number of additional measures to spur competition among the banks for retail term deposits by cutting the interest rate on overnight certificates of deposit, to 20% from 23%. … Read more
Real gross domestic product (GDP) of Ukraine in the fourth quarter of 2022 fell by 31.4% compared to the fourth quarter of 2021 after falling by 30.8% in the third quarter, 37.2% in the second and 15.1% in the first, such an assessment was published by the State Statistics Service on Monday. According to the … Read more
The real gross domestic product (GDP) of Ukraine in 2023 will decrease by 0.1% with a spread of estimates from a decline of 4.6% to an increase of 5.5%, such a consensus forecast of eight companies and non-state institutions was published by the Center for Economic Strategy on Monday. According to a forecast involving Concorde … Read more
Ukraine and its partners have started negotiations to extend the Black Sea grain exports deal, hoping to ensure that Kyiv can continue to supply food to world markets despite Russia’s naval presence, Reuters reported on March 7. According to a senior source in the Ukrainian government, Ukraine didn’t negotiate with Russia, which blockaded Ukrainian Black … Read more
Ankara is putting serious effort into extending the Black Sea Grain Initiative, Turkish Foreign Minister Mevlut Cavusoglu said at the UN Conference on Least Developed Countries in Doha, Qatar, on March 5. “We are working hard for the smooth implementation and further extension of the Black Sea grain deal,” Reuters quoted Cavusoglu as saying. The minister added … Read more
Ukraine has received an agreed form of a quality certificate for the import of Ukrainian fish products from the Turkish competent authority, which opens up new export opportunities for domestic producers of fish products. As reported on the website of the State Agency for Land Reclamation and Fisheries of Ukraine, on Tuesday, the agency opened … Read more