The National Bank of Ukraine (NBU) has permitted nonresident banks to sign agreements on sale and purchase of foreign currency for hryvnias between each other, settling payments through correspondent accounts in Ukrainian bank, the NBU has reported on its website. “From now on, foreign banks will be able not only to sign agreements on purchase … Read more
Growth of Ukraine’s GDP in 2019 slowed from 3.4% in 2018 to 3.3%, while the drivers of this growth have changed, the Ministry of Economic Development, Trade and Agriculture of Ukraine said on Tuesday. “The growth of the composite manufacturing index (CMI) for goods and services by main types of economic activities slowed significantly – … Read more
The Board of the National Bank of Ukraine (NBU) has decided from January 31, 2020 to decrease the refinancing rate from 13.5% to 11% per annum. “The National Bank continues mitigating its monetary policy in order to ensure inflation at 5% and maintain strong economic growth,” the NBU said on Thursday. According to the central … Read more
The inflation slowing in Ukraine in 2019 has turned out to be more significant than it was projected in the forecasts of the National Bank of Ukraine (NBU) published in inflation reports within 2019 (6.3% as of late 2019) and assessments of other expert organizations, the regulator has said in comments on inflation on its … Read more
The National Bank of Ukraine (NBU) has decided from December 13, 2019 to cut its refinancing rate to the level, at which it was two years ago – 13.5% per annum from 15.5% per annum, which was set from October 25, 2019. “The NBU speeds up the monetary policy easing, as the rapid appreciation of … Read more
The National Bank of Ukraine (NBU) plans to launch transactions with derivatives in the second quarter of 2020, according to a presentation of open markets by the NBU on its website. At the first stage, the interest rate swap (IRS) and the conventional swap will be introduced, at the second – forward operations and a … Read more
The World Bank has improved the forecast for Ukraine’s GDP growth in 2019 from 3.4% to 3.6%, World Bank Senior Economist Anastasia Golovach has said. “For 2019, we do not expect any surprises and we think that Ukraine’s GDP will grow by 3.6%. A good indicator, but external risks, in some way, are increasing for … Read more
The growth of Ukraine’s gross domestic product (GDP) in July-September 2019 amounted to 4.2% compared to the same period in 2018, while in the second quarter the growth rate was higher and amounted to 4.6%, in the first quarter it amounted to 2.5%. Such an assessment was released by the State Statistics Service. The agency … Read more
The European Bank for Reconstruction and Development (EBRD) has reviewed upwards the expectations for the economic growth in Ukraine in 2019 from 2.5% to 3.3% and from 3% to 3.5% in 2020, according to the EBRD Regional Economic Prospects report. “The country’s GDP growth is set to stay at 3.3% in 2019 (a repeat of … Read more
The enterprises of Ukroboronprom state concern reduced export volumes to $451 million a year compared to $900 million in 2013, director general of the state concern Aivaras Abromavicius has said at a meeting with Ukrainian President Volodymyr Zelensky in Kharkiv. “The most important reform we have already launched is the reform of exporters … We … Read more