The Ukrainian economy is suffering greatly from the war unleashed by Russia, the decline in its GDP could be a third of what it was before the war, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said in a Foreign Policy Live discussion on Tuesday. The head of the IMF noted that the destruction of … Read more
The government of Ukraine has worked out solutions for a complete reset of customs, which will make it possible to facilitate and speed up the import of goods necessary for defense and people as much as possible, President Volodymyr Zelensky said in a video message on Saturday night. “Cargo for our defense, for our people … Read more
Despite a full-scale war, only 1% of companies in Ukraine plan to close their businesses. This is evidenced by the results of a survey by the European Business Association (an association of foreign, European, and domestic business in Ukraine), Rubryka reports. It was held among the member companies of the associations. 17% reported they work … Read more
The government of Ukraine has introduced zero quotas for exports subject to licensing in 2022 of corn, oats, buckwheat, millet, sugar and salt suitable for human consumption, according to government resolution No. 207 dated March 5, published on the government website on Sunday. According to the amendments he made to resolution No. 1424 on the … Read more
Ukraine has expanded the list of goods, the export permit for which will be issued by the Economy Ministry, by five positions: from now on, the export of wheat, corn, poultry meat, chicken eggs and sunflower oil is subject to licensing. Кelevant resolution No. 207, expanding the list of exports and imports subject to licensing … Read more
Nothing threatens macro-financial stability and the budget, the Ministry of Finance and its subordinate state bodies – the State Tax and Customs Services, the State Treasury and the State Audit Service – operate in wartime mode round-the-clock, seven days a week, Finance Minister Serhiy Marchenko said. “All the needs of the state are met. Nothing … Read more
The National Bank of Ukraine (NBU) has taken a number of measures to maintain the stability of the banking system by minimizing the negative impact of the consequences of the military aggression of the Russian Federation against Ukraine, according to the website of the regulator. According to the report, a decision was made not to … Read more
The National Bank of Ukraine (NBU) has banned authorized institutions from making any foreign exchange transactions using Russian rubles and Belarusian rubles, as well as transactions involving a legal entity or individual located in the Russian Federation or Belarus. As the National Bank said on Friday morning, the NBU board made appropriate changes to the … Read more
The level of the shadow economy in Ukraine in January-September 2021 amounted to 31% of GDP, which is 1 p.p. less compared to the corresponding period in 2020, the Ministry of Economy said on its website, citing preliminary calculations. “According to the preliminary calculations of the Ministry of Economy, the level of the shadow economy … Read more
The growth of consumer prices in Ukraine in January 2022 accelerated to 1.3% from 0.6% in December and 0.8% in November 2021, the State Statistics Service reported. At the same time, in January last year, it also amounted to 1.3%, so in annual terms, inflation remained at 10%, the agency said. Underlying inflation fell to … Read more