The National Bank of Ukraine (NBU) has estimated growth of real gross domestic product (GDP) of Ukraine in 2017 at 2.1%. “The negative impact from stopping trade with government uncontrolled territories for real GDP in 2017 was lower than expected at the beginning of the year – 0.9 percentage points compared with 1.3 percentage points … Read more
The deficit of Ukraine’s national budget in 2017 totaled UAH 47.85 billion, which is 31.9% or UAH 22.4 billion lower than in 2016, the National Bank of Ukraine (NBU) reported on Tuesday. The NBU said that internal financing fell by 70.6%, to UAH 10.89 billion, while revenue from privatization soared 17.9-fold, to UAH 3.38 billion. … Read more
The refinancing rate rise shows that the NBU remains focused on sustainably reducing inflation as part of its planned shift towards inflation targeting and commitment to preserving improvements in the country’s macroeconomic and financial stability, Fitch Ratings analysts have said. “Thursday’s rate rise shows that the NBU remains focused on sustainably reducing inflation… An independent … Read more
Foreign trade with agricultural products and food in 2017 reached $22.6 billion, including over $17.9 billion of exports (16.3% up on 2016), the Agricultural Policy and Food Ministry of Ukraine has reported. “In 2017, exports of Ukrainian agricultural products and food showed positive results, reaching over $17.9 billion. Last year the figure was $15.5 billion. … Read more
The National Bank of Ukraine (NBU) has decided to increase the refinancing rate from 14.5% to 16% from January 26, 2018. According to a posting on the website of the central bank, decision No. 43-rsh on the size of the refinancing rate was approved by the NBU Board on January 25, 2018. “The tougher monetary … Read more
The National Bank of Ukraine (NBU) pursuing the policy of currency liberalization seeks to permit repatriation of dividends for 2017 and relax limits for early repayment of foreign loans, the central bank has reported on its website. “The closest priority in this area [liberalization of the currency market] is the permission to repatriate dividends for … Read more
The depository of the National Bank of Ukraine from April 2, 2018 launches the model for outstanding government foreign loan bonds (eurobonds) in own depositary system. “The relaxation of licensing of these transactions for Ukrainian residents would occur within and in terms of the global currency liberalization project,” the NBU said in a presentation posted … Read more
The government of Ukraine has extended until June 1, 2019 the powers of PJSC AvtoKrAZ (Kremenchuk, Poltava region) to export military goods of its own production and import military goods for its own production. Such a decision is stipulated in cabinet resolution No. 1034 of December 20, 2017, which introduces amendments to resolution No. 1228 … Read more
Lviv plans a UAH440 million bond issue (to be issued in two tranches in 2018), Fitch Ratings said in a press release on Monday. “For 2018 Lviv’s direct debt may increase to UAH 440 million, or a still low 4.7% of current revenue (from less than 0.1% in 2014-2017), if the city is successful in … Read more
Ukraine in 2017 increased exports of titanium containing ore and concentrate in natural terms by 26% compared to 2016, to 583,772 tonnes. According to customs statistics released by the State Fiscal Service, during this period exports of titanium ore and concentrate in monetary terms increased by 25.3%, to $105.235 million. At the same time, major … Read more