The growth of gross domestic product (GDP) of Ukraine in April-June 2019 was 4.6% compared to the same period in 2018, whereas the growth rate in the first quarter was lower, being fixed at 2.5%. The Q2 indicator was announced by Ukraine’s State Statistics Service on Wednesday. The country’s real GDP in the second quarter … Read more
The net profit of solvent banks in Ukraine in January-June 2019 amounted to UAH 31 billion, which is 3.7 times more than in the same period last year (UAH 8.3 billion), the NBU said on its Facebook page. The NBU pointed to three factors of growth in bank profits: a 20% increase in net interest … Read more
The National Bank of Ukraine has improved its macro forecast for 2019–2021: the estimate of the real growth of the economy this year has been raised from 2.5% to 3%, and in the next year from 2.9% to 3.2%. “Compared with the April macroeconomic forecast, the National Bank improved its forecast for the economic growth … Read more
The National Bank of Ukraine has decided from July to lower the refinancing rate to 17% per annum from the level of 17.5% per annum, at which it had been holding it since the end of April. “The NBU continues the cycle of monetary policy easing as inflation is declining towards the target of 5%,” … Read more
Fitch Ratings has affirmed the Ukrainian city of Lviv’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at ‘B-‘, the outlooks are stable, the rating agency has reported on its website. “Fitch has also assigned the city a National Long-Term Rating of ‘AA-(ukr)’ with stable outlook,” it says. “The affirmation reflects Fitch’s unchanged view that … Read more
ICU Group has revised downwards the forecast for Ukraine’s GDP growth in 2019 to 2.3%, Corporate Research Division Head at ICU Oleksandr Martynenko has said. “We have a forecast of GDP growth for this year – 2.3%… Investment demand is quite strongly reduced this year due to the factor of elections and the uncertainty of … Read more
Real GDP growth in Ukraine in 2019 will slow down to 2.5%, and in 2020-2021 will accelerate to 2.9% and 3.7% respectively, the National Bank of Ukraine (NBU) has affirmed its forecast. According to its data, the estimate of inflation for this period also remained unchanged: 6.3% this year and 5% in each of 2020-2021. … Read more
Ukraine’s GDP growth in 2019 will slow down from 3.3% last year to 2.7% this year and 2.6% next year with the hryvnia exchange rate weakening to UAH 30.5 per $1 by the end of 2019 and UAH 31.5/$1 by the end of 2020, Morgan Stanley bank predicts. According to its survey, this is due … Read more
The World Bank has worsened the forecast for the growth of Ukraine’s gross domestic product (GDP) in 2019 to 2.7% from 2.9%, according to the April review of the World Bank “Europe and Central Asia Economic Update, Spring 2019: Financial Inclusion.” According to the document, the World Bank retained the forecast for Ukraine’s GDP growth … Read more
The real gross domestic product (GDP) of Ukraine in 2018 grew by 3.3% after raising by 2.5% in 2017 and by 2.4% in 2016, the State Statistics Service has stated. Nominal GDP amounted to UAH 3.559 trillion, and UAH 84,190 per capita, the change in the deflator was 5.4%. According to the report, the State … Read more