The National Bank of Ukraine (NBU) has worsened expectations as of the growth of the Ukrainian economy in 2019 and predicts a slowdown to 2.5%, according to the central bank’s website. “In 2019, real GDP growth will slow to 2.5% (2.9% in the previous forecast), due to the waning effects of higher social standards, the … Read more
The National Bank of Ukraine (NBU) has decided to raise the refinancing rate by 0.5 percentage points (p.p.), to 17.5% from July 13, 2018, to bring inflation to the target range in 2019. A decision resolution on the key policy rate was approved by the NBU Board on July 12, 2018, the central bank said … Read more
The Verkhovna Rada on June 21 at second reading and as a whole adopted the law on currency at the third attempt. According to an Interfax-Ukraine correspondent, 228 people’s deputies voted for the adoption of the law with corrections (except for editing No. 261) with the quorum being 226 votes. Some deputies demanded a re-vote, … Read more
Ukraine has received the right to export beef to the Turkish market, according to the State Service of Ukraine for Food Safety and Consumer Protection. This decision was made following the results of work of the technical mission of the directorate general for protection and control of the Ministry of Food, Agriculture and Livestock of … Read more
Fitch Ratings has affirmed Ukraine’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B-‘. The Outlook is Stable, Fitch has said in a press release. In addition, Long-Term Foreign-Currency IDR affirmed at ‘B-‘; Outlook Stable; Long-Term Local-Currency IDR affirmed at ‘B-‘; Outlook Stable; Short-term foreign-currency IDR affirmed at ‘B’; and Short-term local-currency IDR affirmed at ‘B’. … Read more
Fitch Ratings has affirmed the Ukrainian city of Kyiv’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at ‘B-‘ and National Long-Term Rating at ‘A-(ukr)’, the outlooks are stable, reads a posting on the website of the rating agency. “The ratings reflect a weak institutional framework for subnationals in Ukraine (B-/Stable), still material foreign currency-denominated … Read more
Ukraine’s gross foreign debt as of early 2018 was $116.578 billion, which is 2.59% more than at the beginning of 2017, according to the website of the National Bank of Ukraine (NBU). According to the central bank, government debt in 2017 increased by 6.55%, to $38.886 billion, NBU liabilities by 19.16%, to $7.438 billion. Government … Read more
The National Bank of Ukraine (NBU) has presented seven strategic goals for the medium term. “In the next three years we will focus on the following objectives: low and stable inflation, a stable, transparent and efficient banking system, the resumption of lending, efficient regulation of the financial sector, free flow of capital, financial inclusion, and … Read more
The National Bank of Ukraine (NBU) has decided to touoghen the monetary policy and increased the refinancing rate to 17% from March 2 from 16%. According to a posting on the website of the central bank, decision No. 133-rsh on the size of the refinancing rate was approved by the NBU Board on March 1, … Read more
The nominal gross domestic product (GDP) of Ukraine, denominated in U.S. dollars, will increase to $122 billion in 2018 from $110 billion in 2017, the chief economist of Dragon Capital investment company, Olena Belan, predicts. According to her, in 2019 Ukraine’s dollar GDP could reach $130 billion, exceeding $125 billion – a threshold level, exceeding … Read more