Business

Ukraine has agreed on the increase in the size of the new Extended Fund Facility (EFF) of the International Monetary Fund (IMF) for the country from $5.5 billion to $8 billion, Ukrainian President Volodymyr Zelensky has said. "Now we have…

Ukrainian President Volodymyr Zelensky has said that along with the International Monetary Fund (IMF) the negotiations on financial assistance are being held with the World Bank, the European Bank for Reconstruction and Development (EBRD), the European Union (EU) and some…

Ukrainians take part in a Labor Day demonstration on May 1, 1971 on Kyiv’s central Khreshchatyk Street. Ukraine’s current labor code dates back to the year, when the country was still part of the Soviet Union. Smartphones, messenger apps and…

The National Bank of Ukraine (NBU) sold $16 million in the interbank foreign exchange market on Friday, which is $5 million more than on Thursday, according to a posting of the central bank on its Facebook page. "This week, we…

A man in a medical mask looks at his phone near the flight information desk at Kyiv Boryspil International Airport on March 24, 2020

Couriers of food delivery company Glovo wait for their orders near the Ocean Plaza shopping mall on March 23, 2020

A passenger ship sails near grain terminals in Odesa on July 15, 2019. Seaport exports of sunflower oil have reached 2.8 million tons in the 2019-2020

Payments on the "toxic" portfolio of PrivatBank loans (Kyiv), issued to the companies and individuals related to the former owners and top management of the bank, fell to UAH 995 million in 2019 compared to UAH 1.907 billion a year…

Ukraine's economy is better prepared for the crisis and its decline will be at the level of other countries, Deputy Governor of the National Bank of Ukraine (NBU) Dmytro Sologub has said. "Even if we see a crisis situation, it…

U.S. dollar banknotes are pictured on May 8, 2019 in Kyiv, Ukraine. A new shipment of hard cash may alleviate Ukraine’s shortage of dollars. The money has already been injected into the banking system, the National Bank of Ukraine (NBU)…