A conservative estimate by the Ministry of Economic Development, Trade and Agriculture envisages a 3.7% GDP growth in 2020, while under an optimistic scenario – 4.8% growth, Deputy Minister Serhiy Nikolaichuk has said following the preparation of an updated macroeconomic forecast. “Next year, we expect growth to accelerate to 3.7%,” he said during a press … Read more
The International Monetary Fund (IMF) expects that Ukraine’s GDP would grow by 3% at the end of 2019 and by 3% in 2020, according to its Economic Outlook posted on the IMF’s website. According to the document released on Tuesday, the IMF also expects that the inflation rate in Ukraine this year will be 8.7%, … Read more
Ukroboronprom state defense concern has retaken control over its part, state-run company Ukrspeсexport, concern deputy director general for transformation issues Roman Bondar said. “Today took the largest exporter – Ukrspeсexport company – back to the family. Because it’s a nasty thing, when one part of the company raiders another,” he wrote on Facebook on Friday. … Read more
Ukraine’s Verkhovna Rada has ratified a Protocol on Amendments to the Convention between the Government of Ukraine and the Swiss Confederation for avoidance of double taxation with respect to taxes on income and capital. An Interfax-Ukraine correspondent has reported that a total of 307 MPs backed bill No. 0004 on ratification of the amendments on … Read more
The National Bank of Ukraine (NBU) has canceled a monthly limit of EUR5 million for repatriation of funds from the sale of securities, corporate rights, as well as funds received as a result of a decrease in the charter capital of legal entities and the withdrawal of foreign investors from business entities, the NBU said … Read more
Fitch has said that after a strong Q2 2019 (4.6% year-over-year), Fitch projects 3.4% growth in 2019, reflecting strong domestic demand and exports driven by the agriculture sector (wheat harvest). “Growth will moderate slightly (3.2%) in 2020 due to reduced consumer impulse, normalisation of the agricultural sector performance and some spill-overs from reduced gas transport … Read more
Fitch Ratings has upgraded Ukraine’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to ‘B’ from ‘B-‘, the outlooks are positive, according to a report on the rating agency’s website. “Ukraine has demonstrated timely access to fiscal and external financing, improving macroeconomic stability and declining public indebtedness, while a shortened electoral period has reduced domestic … Read more
The European Commission (EC) has included Ukraine in the list of countries that can export fruits and vegetables to the European Union. According to a report on the website of the State Service of Ukraine for Food Safety and Consumers’ Rights Protection, the agency requested the European Commission to recognize the entire territory of Ukraine … Read more
The National Bank of Ukraine has decided from September 6 to lower the refinancing rate to 16.5% per annum from 17% per annum, at which it has been since July 19 of this year. “The National Bank continues the cycle of easing monetary policy, as it expects inflation to slow to the target of 5%,” … Read more
The competent authorities of Ukraine and Japan have agreed on an international veterinary certificate for exports of poultry from Ukraine. Relevant information has been posted on the website of the State Service of Ukraine for Food Safety and Consumers’ Rights Protection. As reported, the State Service of Ukraine for Food Safety and Consumers’ Rights Protection … Read more