The estimates of the volume of exports of weapons and military equipment from Ukraine in 2014-2018 with a 23% share of exports to the Russian Federation, published by the Stockholm International Peace Research Institute (SIPRI) in March, are incorrect and do not correspond to the reality, Ukroboronprom state concern has stated, noting that it has … Read more
The National Bank of Ukraine (NBU) again decided to remain unchanged the refinancing rate at the level of 18% per annum, according to a posting on the website of the central bank on Thursday. Decision No. 199-rsh on the size of the refinancing rate was approved by the central bank’s board on March 14, 2019. … Read more
Fitch Ratings has affirmed Ukraine’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B-‘ with a Stable Outlook. Fitch said in its press release that Ukraine’s ratings balance weak external liquidity, high external financing needs driven by sovereign external debt repayments, a weak banking sector, institutional constraints and political risks in relation to peers, against improved … Read more
The National Bank of Ukraine (NBU) plans to bring the criteria of determining systemically important banks in line with the recommendations of the European Banking Authority (EBA), according to a posting on the website of the central bank. The National Bank plans to complete the update of the methodology for assessing the systemic importance of … Read more
The National Bank of Ukraine (NBU) has completed the expanded pilot project to launch the e-hryvnia and continues studying the prospects of applying the tool, the director of the department of payment systems and innovative development of the central bank, Oleksandr Yablunivsky, has said. “At the end of last year, we launched a practical pilot, … Read more
Ukraine’s real gross domestic product (GDP) in the fourth quarter (Q4) of 2018 increased by 3.4% compared to the same period of 2017, while it grew by 2.8% in the third quarter, by 3.8% in the second quarter, and by 3.1% in the first quarter, the State Statistics Service of Ukraine said on Thursday. The … Read more
The level of the shadow economy in Ukraine in January-September 2018 fell by 1 percentage point (p.p.) from a year ago, to 32%, according to a report posted by the Economic Development and Trade Ministry of Ukraine on Monday. “Two of the four methods that are used to assess the level of the shadow economy … Read more
The National Bank of Ukraine (NBU) has allowed companies and banks with foreign investments to repatriate dividends for 2018, NBU Deputy Governor Oleh Churiy has said. “We’ve allowed the repatriation of dividends for 2018. Today, we still have a so-called ‘monthly limit’ of EUR 7 million. Now [within this limit] it will be possible to … Read more
The National Bank of Ukraine (NBU) believes that the forecast of slowing inflation in 2019 to 6.3% from 9.8% in 2018 announced in October 2018 is realistic. “Inflation will continue to slow down gradually. As before, the NBU expects that it will fall to 6.3% by the end of 2019 and by 5.0% by the … Read more
The National Bank of Ukraine (NBU) again decided to remain unchanged the refinancing rate at the level of 18% per annum, according to a posting on the website of the central bank on Thursday. “The NBU Board decided to keep the refinancing rate at 18% per annum. The retaining of the refinancing rate at the … Read more