The NOVO industrial park in Novovolynsk (Volyn region) with an area of 20 hectares near the border with Poland was opened in Ukraine on Monday, the press service of the Ministry of Economy reports. “The uniqueness of the site is that the industrial park NOVO is located 20 minutes from Poland, and this makes the … Read more
At least 5,000,000 people in Ukraine have lost jobs due to the war unleashed by Russia. The relevant statement was made by Ukrainian Economy Deputy Minister Tetyana Berezhna during the Polish-Ukrainian Economic Forum, an Ukrinform correspondent reports, referring to the Ukrainian Economy Ministry. “The war is destroying Ukraine’s labor market. Hostilities continue, where 10 million workers … Read more
Ukraine and Türkiye have spoken in favor of extending the Grain Initiative agreement on the safe transportation of Ukrainian cereals from the country’s seaports beyond November 22 when the initial deal is set to expire. This was discussed today during a meeting of Ukraine’s Infrastructure Minister Oleksandr Kubrakov and Turkish Defense Minister Hulusi Akar at … Read more
The liquidity of the banking system of Ukraine is sufficient for the Ministry of Finance to ensure refinancing of payments on government domestic loan bonds (rollover), however, acceptable rates of return are a condition for it, Deputy Governor of the National Bank of Ukraine (NBU) Yuriy Heletiy has said. “We see enough liquidity in the … Read more
The growth of consumer prices in Ukraine in September 2022 accelerated to 1.9% from 1.1% in August and 0.7% in July, the State Statistics Service reported on Monday. In September last year, inflation of 1.3% was recorded, so in annual terms, in September this year, it rose to 24.6% from 23.8% in August, 22.2% in … Read more
The World Bank has raised its forecast for the growth of Ukraine’s gross domestic product in 2023 from 2.1% to 3.3%, according to the Economic Update published on Tuesday. According to the report, the assessment of the economy this year has also been improved: if in June the World Bank expected a fall of 45.1% … Read more
In August, Ukrainian exports to the countries of the European Union almost reached the pre-war level. This was announced by Deputy Minister of Economy – Trade Representative of Ukraine Taras Kachka on the air of the national telethon. In addition, he added that according to the results of the 1st-3rd quarter, it would even exceed … Read more
The damage caused to Ukraine by the russian war has already exceeded the GDP of our country by 1.6 times. Prime Minister Denys Shmyhal said this at a conference call with the RMA heads. “The situation with losses is recorded as of June. According to this report, the need for funds is 349 billion dollars, … Read more
The International Finance Corporation (IFC) allocated 30 million dollars for investments in Ukraine and Moldova. This was reported by the press service of Ukraine’s Ministry of Economy. IFC is part of the structure of the World Bank. The ministry noted that the funds would be directed through a trust fund with 200 million dollars. It … Read more
EVO, a Ukrainian product IT company, launched Made with bravery – an official electronic marketplace of products made in Ukraine, – with the support of payments global leader Visa, communications agency Banda, and informational assistance from the Ministry of Digital Transformation of Ukraine and the Ministry of Foreign Affairs of Ukraine. Its goal is to … Read more