The growth of real gross domestic product (GDP) of Ukraine in 2021 amounted to 3.2%, First Deputy Prime Minister, Minister of Economy Yulia Svyrydenko has said. She announced this during a meeting with companies of the European Business Association (EBA) on February 7. As the Ministry of Economy said on its website on Tuesday, Ukraine’s … Read more
The international rating agency Fitch Ratings has downgraded the outlook on Ukraine’s long-term foreign currency issuer default rating (IDR) from “positive” to “stable” and affirmed the IDR at “B” level. “Expectations for a longer period of escalation in tensions with Russia, heightened risk of conflict, tight financing terms, moderate capital outflows and weakening international reserves … Read more
The National Bank of Ukraine (NBU) has downgraded its estimate of the growth of the country’s gross domestic product (GDP) in 2021 from 3.1% to 3%, in 2022 – to 3.4% from 3.8%, the regulator said in an inflation report for January, posted on the official website. “The NBU has downgraded its forecast for Ukraine’s … Read more
On the eve of the 30th anniversary of the establishment of diplomatic relations, Ukraine and Canada are preparing to expand the Canada-Ukraine Free Trade Agreement (CUFTA). As First Deputy Prime Minister and Minister of Economy Yulia Svyrydenko said on her Facebook page, at the talks with Minister of International Trade, Export Promotion, Small Business and … Read more
Ukraine has temporarily lost access to external capital markets due to stress levels of rates, Oleksiy Lupin, the director of the open markets department at the National Bank of Ukraine (NBU), said. “Geopolitics has led to an increase in the “risk penalty” for Ukraine both on external markets and on domestic markets. Moreover, on external … Read more
The National Bank of Ukraine (NBU) sees no signs of panic behavior in the foreign exchange market, aggressive purchases are shown only by non-residents who have sold government domestic loan bonds, NBU Governor Kyrylo Shevchenko said. “We don’t see any signs of panic behavior,” he said during a briefing in Kyiv. Only one category of … Read more
The National Bank of Ukraine (NBU) raised the key policy rate by 100 basis points, to 10% per annum from the current 9%, according to a report on the NBU website. “The Board of the National Bank decided to raise the key policy rate to 10% per annum. The implementation of a significant number of pro-inflationary risks … Read more
In January-November 2021, compared to the same period in 2020, Ukraine’s imports of goods increased by 33.8% to $64.87 billion, exports – by 38.2% to $61.27 billion. “In January-November 2021, the export of goods from Ukraine totaled $61266.9 million, up 38.2% compared to the same period of 2020. The import of goods to Ukraine totaled … Read more
The growth of consumer prices in Ukraine in 2021 accelerated to 10% from 5% in 2020 and 4.1% in 2019, the State Statistics Service reported. According to its data, in December this year, inflation fell to 0.6% from 0.8% in November, while in December last it was even higher – 0.9%. Underlying inflation for the … Read more
According to the trade monitoring data from January to September 2021, Ukraine ranks 4th in EU’s agri-food imports and 14th in agri-food exports from EU countries. The information on the results of EU agri-food trade in January-September 2021 was published on the website of the European Commission on Tuesday, the results concerning Ukraine are reflected in the … Read more