Business

The situation with inflation in Ukraine has been disastrous, Minister of Economic Development, Trade and Agriculture Ihor Petrashko has said. "The macroeconomic forecast, which became the basis of the budget, provides for inflation of around 11%. The NBU [the National…

The Verkhovna Rada has passed at first reading bill No. 2365 on protecting migrant workers and fighting against fraud in employment abroad. An Interfax-Ukraine correspondent reported that a total of 248 MPs backed the document. According to an explanatory note,…

The government's bill on amendments to the law on the electricity market, among other things, has proposed that the Verkhovna Rada once again return to the issue of restricting imports of electric energy from the Russian Federation and Belarus. So,…

The management of Ukroboronprom concern has decided to terminate the powers of Oleksandr Donets as president of Antonov State Enterprise from Monday, June 15. "Since on Friday, May 12, 2020, the concern received a certificate of incapacity for work, indicating…

Zaporizhia and Lviv international airports, the Ukrainian State Air Traffic Services Enterprise (UkSATSE), Azur Air Ukraine and SkyUp Airlines have sent a joint letter to the president, the prime minister and the Minister of Infrastructure of Ukraine with a request…

The Cabinet of Ministers has said that a drop of Ukraine's GDP in 2020 could be up to 8% compared to 2019, according to the updated government action plan. "Ukraine is traditionally more vulnerable to economic shocks, and therefore could…

The Kyiv business court, by a decision made on June 12, 2020, granted the petitions of the state-owned PrivatBank (Kyiv) to close the cases on two lawsuits filed by ex-shareholders of the bank seeking to invalidate bail-in agreements, the bank's…

Ukraine on Friday received the $2.1 billion first tranche from the International Monetary Fund (IMF), Governor of the National Bank of Ukraine (NBU) Yakiv Smolii has said. "Ukraine has just received $2.1bn of the 1st tranche from the IMF. Funds…

According to a memorandum signed with the International Monetary Fund (IMF) the protection of decision making by the National Health Service of Ukraine (NHSU) from conflict of interest is foreseen, the NHSU has said. "The memorandum says: to ensure that…

The nominal gross domestic product of Ukraine in 2020 will decline to UAH 3.908 trillion, or to $130.3 billion, which brings to the average annual rate of UAH 30 The forecast of the International Monetary Fund (IMF) is contained in…