Ukraine’s wheat exports in the marketing year 2024-2025 are expected to amount to 13 million metric tons, the lowest figure in the past decade, the U.S. Agriculture Department said in its June report. The authors linked this development to a drop in production and to Russia’s disruption of Black Sea shipping lanes, which have traditionally … Read more
The National Bank of Ukraine decided to reduce the discount rate by half a percentage point to 13.0% starting on June 14, the regulator announced on Thursday. The lower rate is intended to support the recovery of the economy, but such a modest reduction is related to expectations of an acceleration of inflation in the … Read more
The Ukraine Recovery Conference held on June 11-12 in Berlin initiated projects totaling over €16 billion, according to the Ministry of Economy of Ukraine. First Deputy Prime Minister and Minister of Economy Yuliia Svyrydenko, who led the government delegation at the conference, stated that the event served as a platform for aligning visions for Ukraine’s … Read more
The European Investment Bank (EIB) has approved funding for the 112 emergency response system, railway upgrades, and metro modernization in Kyiv, EIB President Nadia Calviño said in an exclusive interview with Interfax-Ukraine. In addition to the agreements the EIB and Ukraine signed in Berlin, the EIB has also approved several important projects, Calviño said following … Read more
The European Investment Bank (EIB) Group is working on creating a pan-European export credit guarantee mechanism worth EUR 300 million for small and medium-sized companies in the EU exporting goods or services to Ukraine, EIB President Nadia Calviño said in an exclusive interview with Interfax-Ukraine. She said following the Ukraine Recovery Conference in Berlin on … Read more
The European Commission has proposed extending temporary protection for Ukrainians who fled to the EU because of Russia’s military aggression for another year, from March 5, 2025, to March 4, 2026, according to the European Commission’s website. “Given continued Russian attacks on the civil and critical infrastructure across Ukraine, safe and durable conditions for the … Read more
The growth of consumer prices in Ukraine in May 2024 accelerated to 0.6% from 0.2% in April, 0.5% in March, 0.3% in February and 0.4% in January, the State Statistics Service reported. The statistics agency recalled that in May 2023 the price increase was 0.5%, therefore, in annual terms, inflation in May of this year … Read more
The Ukrainian government is currently not discussing the issue of raising taxes, Prime Minister Denys Shmyhal said at the Hour of Government in the Verkhovna Rada on Friday, when ex-speaker of parliament Dmytro Razumkov reminded him of the promise not to raise taxes after they are restored until pre-war level. “We have not started and … Read more
The international monetary reserves of the National Bank of Ukraine (NBU) declined by 7.9% in May, resulting in a total of around $39 billion at the beginning of June, the NBU said on June 6. The NBU’s international reserves have fluctuated significantly since the beginning of Russia’s full-scale war, dropping as low as $22 billion … Read more
Customers’ net demand for foreign currency through non-cash transactions increased by 41% in May due to an increase in budget expenditures, which is associated with receipts of international assistance in March-April, the National Bank of Ukraine (NBU) said in a commentary to Interfax-Ukraine on Wednesday. “In addition, during the last week of May there were … Read more