On July 22, Ukraine, Turkey, and the UN signed an agreement on the safe export of grain through the Black Sea. It is stated in the ceremony broadcast. On behalf of Ukraine, the document was signed by the Minister of Infrastructure, Oleksandr Kubrakov. Mykhailo Podolyak, the adviser to the head of the President’s Office, emphasized … Read more
From 09:00 on July 21, 2022, the National Bank of Ukraine adjusted the official exchange rate of the hryvnia against the U.S. dollar by 25% – from UAH 29.2549/$1 to UAH 36.5686/$1, taking into account changes in the fundamental characteristics of the Ukrainian economy during the war and strengthening of the U.S. dollar against other … Read more
Head of the Verkhovna Rada Committee on Finance, Taxation and Customs Policy Danylo Hetmantsev denies a possibility of imposing an additional 10% import duty on non-critical imports, while the abolition of a list of critical imports of services is still being discussed, he said in an interview with Interfax-Ukraine. “During the meetings, the Ministry of … Read more
Banks will lose at least 20% of their loan portfolio due to the war, but more than half of the top 20 banks will retain their operating profit, Deputy Governor of the National Bank of Ukraine Serhiy Nikolaychuk said. “According to our estimates, banks will lose more than 20% of their loan portfolio due to … Read more
Consumer price growth in Ukraine in May 2022 slowed down to 2.7% from 3.1% in April and 4.5% in March, but exceeded 1.6% in February and 1.3% in January, the State Statistics Service said on Thursday. In May last year, inflation was 1.3%, so in annual terms, in May this year, it rose to 18% … Read more
The National Bank of Ukraine (NBU) raised the key policy rate from 10% to 25% per annum, according to a press release on the NBU website. “The Board of the National Bank of Ukraine has decided to raise the key policy rate to 25% per annum. Along with other measures, this resolute step aims to … Read more
The National Bank of Ukraine (NBU) estimates an inflation rate in Ukraine in May at 17%, NBU Governor Kyrylo Shevchenko has said. As he pointed out in a column on zn.ua on Monday, the current and forecast growth rate of consumer prices should serve as a benchmark for the Ministry of Finance regarding the yield … Read more
The National Bank of Ukraine (NBU) will keep the current fixed exchange rate for the time being, Deputy Governor of the NBU Yuriy Heletiy said. “For the time being, we keep everything as it is. A fixed exchange rate helps contain the rate of price growth and meet the needs of the economy, which is … Read more
The Council of the European Union has adopted a decision, allowing temporary trade liberalization and other trade concessions on certain Ukrainian products. The statement announced this on the Council’s website. “This means that for one year, import duties on all Ukrainian exports to the European Union will not be due. Thanks to these measures the … Read more
Today, May 19, the European Parliament supported the one-year abolition of EU import duties on all Ukrainian exports. The press service of the European Parliament reports it. According to the statement, the decision was supported by 515 votes, 32 deputies voted against, and 11 abstained. The press service of the European Parliament reports that it … Read more