The National Bank of Ukraine (NBU) has downgraded its estimate of the growth of the country’s gross domestic product (GDP) in 2021 from 3.1% to 3%, in 2022 – to 3.4% from 3.8%, the regulator said in an inflation report for January, posted on the official website. “The NBU has downgraded its forecast for Ukraine’s … Read more
On the eve of the 30th anniversary of the establishment of diplomatic relations, Ukraine and Canada are preparing to expand the Canada-Ukraine Free Trade Agreement (CUFTA). As First Deputy Prime Minister and Minister of Economy Yulia Svyrydenko said on her Facebook page, at the talks with Minister of International Trade, Export Promotion, Small Business and … Read more
The Nordic Environment Finance Corporation (NEFCO) has become a new shareholder of Bank Lviv, which operates mainly in the western region of Ukraine, with a 13.94% stake in the charter capital. “With this investment, Bank Lviv continues to be a 100% foreign-owned bank. The largest shareholders are the Swiss responsAbility (48.56%) and Margeir Petursson (Iceland, … Read more
In Ukraine, the number of retirees has decreased by almost 3 million people over the past 10 years, to 10,841,117 people as of January 1, 2022. The relevant data has been provided to Ukrinform by the Pension Fund of Ukraine. In particular, as of January 1, 2021, there were 11,130,954 pensioners in Ukraine, as of … Read more
Glovo courier delivery service is acquiring the Ukrainian company Zakaz (product delivery service Zakaz.ua), the main co-owner of which is Chernovetskyi Investment Group. According to AIN.UA, Glovo has agreed to take over Zakaz.ua, payments to shareholders will be made both in cash and directly in Glovo shares, the deal is valued at up to $50 … Read more
Ukraine has temporarily lost access to external capital markets due to stress levels of rates, Oleksiy Lupin, the director of the open markets department at the National Bank of Ukraine (NBU), said. “Geopolitics has led to an increase in the “risk penalty” for Ukraine both on external markets and on domestic markets. Moreover, on external … Read more
The National Bank of Ukraine (NBU) sees no signs of panic behavior in the foreign exchange market, aggressive purchases are shown only by non-residents who have sold government domestic loan bonds, NBU Governor Kyrylo Shevchenko said. “We don’t see any signs of panic behavior,” he said during a briefing in Kyiv. Only one category of … Read more
The National Bank of Ukraine (NBU) raised the key policy rate by 100 basis points, to 10% per annum from the current 9%, according to a report on the NBU website. “The Board of the National Bank decided to raise the key policy rate to 10% per annum. The implementation of a significant number of pro-inflationary risks … Read more
Ryanair has announced the launch of 13 new routes from four airports in Ukraine in the summer schedule of 2022. The total frequency of flights with all newly announced routes from Ukraine will be 28 flights per week. The total number of Ryanair routes from Ukrainian airports in the summer schedule of 2022: Boryspil – … Read more
More than 33,000 electric vehicles have been registered in Ukraine as of January 1, 2022. That’s according to Andrii Ivko, first deputy head of Ukraine’s state road agency Ukravtodor. “As of January 1, 2022, more than 33,000 electric cars have been registered in Ukraine. Last year alone, Ukrainians bought 8,800 electric vehicles. According to the … Read more