Business

Denys Shmyhal, the newly appointed prime minister of Ukraine, advocates a reduction in salaries to ministers and members of the supervisory boards of state-owned companies. "There are expenses that we must reduce: this concerns salaries and bonuses of officials, including…

The Verkhovna Rada has appointed Denys Shmyhal as Prime Minister of Ukraine. Some 291 parliamentarians voted in favor of his candidacy, which was proposed by President of Ukraine Volodymyr Zelensky. Earlier on Wednesday, the parliament approved the resignation of Oleksiy…

The likelihood of a coronavirus (COVID-19) epidemic in Ukraine is low, but it is gradually growing, and in the event of its onset, the country will suffer an economic crisis, acting Minister of Economic Development, Trade and Agriculture Tymofiy Mylovanov…

Ukraine's GDP in January 2020 decreased 0.5%, the Ministry of Economic Development, Trade and Agriculture has said based on information from the State Statistics Service. "In January 2020, the decrease in the Composite Production Index was 2.6% and, accordingly, the…

The Cabinet of Ministers of Ukraine will seek investors to privatize PJSC Centrenergo energy generating company together with a number of state mines, Prime Minister of Ukraine Denys Shmyhal has said. "If we are talking about the possible privatization of…

 Fitch Ratings has affirmed Ukraine's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'B', the outlook is positive, the rating agency said on its website. "Ukraine's ratings balance improved policy consistency and credibility, a record of multilateral support, and…

The international rating agency Fitch Ratings expects acceleration of growth of the Ukrainian economy from 3.2% in 2019 to 3.5% in 2020 and 3.8% in 20

Consumer prices in Ukraine after a rise by 0.1% in January, fell by 0.3% in February 2020, while in February 2019 their growth was 0.5%, the State Statistics Service has said. As a result, in annual terms, inflation in February…

Turbulence on world markets due to the worldwide coronavirus epidemic over the weekend lowered the hryvnia rate at exchanges to the lowest range since August 2019, to UAH 25/$1 for purchase and UAH 25.5/$1 for sale, on average. The spread…

A representative of Ukraine in the IMF, Alternate Executive Director of the IMF Vladyslav Rashkovan, has called on Ukraine to discuss the country's strategy. "I think it would be nice to bring together macroeconomic experts and discuss the country's future…