Spain is ready to promote Ukrainian agricultural exports and is interested in importing Ukrainian agricultural products, in particular corn and sunflowers, Minister of Agriculture, Fisheries and Food of Spain Luis Planas Puchades at an online meeting with Minister of Agrarian Policy and Food of Ukraine Mykola Solsky on Monday. According to the press service of … Read more
The total public debt of Ukraine in 2023 increased to a new historical maximum: in dollar terms – by $33.9 billion, or 30.4% – to $145.32 billion, in hryvnia terms – by UAH 1.444 trillion, or 35.4%, up to UAH 5.520 trillion, according to data on the website of the Ministry of Finance. According to … Read more
The network of Nova Poshta branches and self-service kiosks in Ukraine increased by almost 5,000 outlets in 2023, bringing the total number to 27,050, the delivery giant’s press service reported on Jan. 26. 2242 new branches were opened and 1,853 new self-service kiosks were installed. “A special emphasis was placed on the opening of PUDOs … Read more
The NBU has reduced its forecast for Ukraine’s international currency reserves by the end of 2024, the bank stated in a press conference. “International assistance will remain the main source of capital inflows to the country in the future.” At the same time, NBU notes that future assistance will be enough to maintain a sufficient … Read more
Nova Poshta (NP), part of the Nova group of companies, increased its network in Ukraine by 5,000 units in 2023 – up to 27,000 (more by 23%), the company’s press service reported on Friday. According to the release, during 2023, Nova Poshta opened 2,242 new branches and installed 1,853 new post terminals. The company clarified … Read more
The National Bank of Ukraine (NBU) has decided to maintain the key interest rate at 15%, with an expectation of a gradual reduction starting in the second half of 2024, the NBU press service said on Jan. 25. “This decision comes along with the need to maintain exchange rate sustainability, keep inflation moderate in 2024, … Read more
Ukrainians residing abroad continue to contribute significantly to the currency outflow; however, a 28% reduction is anticipated in 2024, decreasing from $18 billion to $13 billion, NBU deputy chief Serhiy Nikolaychuk said during a press briefing on Jan. 25. “In 2022, this outflow was nearly $20 billion. Last year, it slightly decreased to around $18 billion,” he said. … Read more
Some foreign investors have already expressed interest in buying Ukraine’s state-owned Sense Bank and Ukrgasbank, Deputy Finance Minister Yuriy Draganchuk said on Jan. 24, as reported by Interfax-Ukraine. “We have interest in two state-owned banks from foreign investors—Ukrgasbank and Sense Bank,” said Draganchuk. “And we are actively preparing them [the banks] for sale. We received … Read more
State-owned PrivatBank has announced its financial results for 2023, reporting a pre-tax profit of almost UAH 72.8 billion ($2 billion), more than double that of the previous year. The bank increased its net retail loan portfolio by 39% to over UAH 60 billion ($1.6 billion) and its net corporate loan portfolio by 23% to over … Read more
Ukrainian government and business representatives have agreed to establish a business support council, which will include heads of Ukraine’s prominent companies, President Volodymyr Zelensky announced on Jan. 23. The move follows the recent detention of influential investment banker Ihor Mazepa, perceived by some as an escalation of law enforcement pressure on businesses. Mazepa is suspected … Read more