The Ministry of Finance expects a fall in Ukraine’s GDP in 2022 ranging from 35% to 50%, Finance Minister Serhiy Marchenko has said. “There may be a fall from 35% to 50% in the economy this year if we take one-year outlook. The National Bank announced 41% [a fall in GDP in 2022],” he said … Read more
The American Chamber of Commerce in Ukraine (ACC) after a survey of 103 companies out of 633 of its members found that 41% continue to work fully, 50% work partially, while 29% of respondents transferred their business to other regions of Ukraine and 19% – abroad. “After 50 days of the war: 41% of Ukraine … Read more
The fall in Ukraine’s real GDP in March 2022 amounted to 45% compared to the same period last year, the state budget deficit this year could reach 16-26% of GDP, Dragon Capital investment company predicts. “According to preliminary estimates, in March, real GDP fell by 45% year-on-year. The blocking and mining of the Black Sea … Read more
Ukraine’s international reserves currently stand at $27.4 billion, representatives of the National Bank of Ukraine (NBU) said at a meeting with the European Business Association (EBA) and the American Chamber of Commerce on April 15. “Ukraine’s foreign exchange reserves currently amount to $27.4 billion thanks to the support of international partners – the IMF, the … Read more
Inflation in Ukraine by the end of 2022 may exceed 20% due to the consequences of a full-scale war, but it will be controlled, the National Bank of Ukraine said on Thursday. According to the report, the increase in the price of goods and services will be due, in particular, to disruption of production processes, … Read more
At a scheduled meeting of the Monetary Policy Committee (MPC), the National Bank of Ukraine (NBU) once again decided to keep the key policy rate at 10%, given the ongoing war in the country unleashed by Russia. “Under the current conditions, the impact of the key policy rate on the functioning of the money market … Read more
On April 12, President of Ukraine Volodymyr Zelensky signed law No. 2180-XI on the full guarantee of deposits of individuals by the state for the period of martial law and three months after its completion. Head of the Verkhovna Rada Committee Danylo Hetmantsev said on his Telegram channel on Tuesday, the law also establishes that … Read more
Nova Poshta has resumed the work of half of the of parcel receipt and delivery points. As the company said in a report on Tuesday, another 160 branches in Kyiv, Odesa, Mykolaiv, Sumy, Khmelnytsky, Chernihiv, Zhytomyr and Kharkiv regions, as well as in Ivano-Frankivsk, Zakarpattia, Lviv and Riven regions were reopened. The leader in terms … Read more
As of April 11, 2022, the KSE Institute estimated the damage to Ukraine’s infrastructure from the war in the country at $80.4 billion, or UAH 2.4 trillion, while over the past week the estimate of losses increased by $12.2 billion, according to a press release from the analytical division of the Kyiv School of Economics … Read more
Ukraine’s GDP in 2022 will fall by 45.1%, the World Bank predicts, recalling that before the Russian invasion, it expected the Ukrainian economy to grow by 3.2% this year. According to its Europe and Central Asia Economic Update amid the war unleashed by Russia and its consequences, in 2023 the Ukrainian economy is expected to … Read more