Russian aggression in the East of Ukraine has been going on for four years already, but despite this, Russia still remains the main trading partner of Ukraine. During the period 2013-2016, the trade turnover between Ukraine and the Russian Federation decreased by 4.4 times. However, in 2017 there was a revival of trade relations: the Read more about Ukraine-Russia trade ties: Trends and forecasts[…]
On September 21 in Kyiv, Yuliia Tymoshenko presented a program of economic reforms called “New Economic Course” developed by the team of experts under her auspices. The key ideas declared in the New Economic Course include transition from the oligarchic raw material system to the social market economy of innovation type, struggle against monopolies, the Read more about New Economic Course by Tymoshenko?[…]
In early September, the Parliament lifted a moratorium on the export of logs, which has been in operation since 2015. The moratorium has caused the deterioration of relations with the EU and, at some point, has become a reason for not receiving Ukraine a tranche of macro-financial assistance. Officially, the moratorium is aimed at combating Read more about Round timber export ban: historical background and positions of stakeholders[…]
Austria ranks 23rd among all the countries of the world, where Ukraine exports, and the 20th among the countries that import goods and services to Ukraine. In the structure of Ukrainian exports to Austria, ores, slag, ashes and wood products dominate, while in the structure of Austrian imports to Ukraine – the production of machinery Read more about Austria – Ukraine trade[…]
Latvia ranks the 33rd place among all the countries of the world, which exports Ukraine, and the 47th among the countries that import goods and services to Ukraine. The structure of Ukrainian exports to Latvia is dominated by mineral fuels, machinery products and ready-maid grain products, while in the structure of Latvian imports to Ukraine – goods purchased in ports and pharmaceuticals. Read more about Latvia – Ukraine trade[…]
The Netherlands is one of Ukraine’s main trading partners and is ranked 10th among all countries where Ukrainian products are exported and 19th among importing countries. The structure of Ukrainian exports is dominated by cereals, oils and ferrous metals, and in the structure of Dutch imports – the products of machine building, polymers and pharmaceuticals Read more about Ukraine – Netherlands trade[…]
Ukrainian officials believe that Ukraine is not threatened with default in case of failure to receive the long-awaited IMF tranche. The head of the National Bank, Yakiv Smoliy, is confident that Ukraine will be able to pay off its debt obligations by 2020 without external financing, including without IMF loans. The source of repayment of Read more about Alternatives to the IMF tranches: possible government decisions[…]
Since the beginning of 2014, the banking system of Ukraine has experienced one of the strongest crises in its history. The crisis in the banking system started almost during Euromaidan. It was through the banking sector that the flywheel began to unfasten the economic crisis in early 2014. The political situation in the country provoked Read more about Banking Sector Reform 2014-2018: Main Trends and Risks[…]
During two months of 2018 the total public and publicly guaranteed debt increased by 0.6%. In 2018, payments are planned for repayment and servicing of public debt equal $10.44 billion. At the same time, it is planned to attract almost $8 billion. The main risks of implementing the public debt management policy in 2018 are Read more about Public debt: current state and perspectives[…]
The reaction of Gazprom to the decision of the Stockholm court on compensation for Naftogaz $ 4.6 billion through the “transit” lawsuit was almost lightning. Despite the fact that the decision of the Stockholm court is not subject to appeal, the Russian side has reduced the supply of gas to the Ukrainian side by 20%. Read more about Gas Crisis in Ukraine: Unfavorable Weather and a Demo of Russia[…]
According to the Ministry of Agrarian Policy and Food of Ukraine, the export of agrarian and food products in 2017 increased by 16.3% and amounted to $ 17.9 billion. This was 44.86% of total exports in 2017. Such a result was achieved despite a slight decline in yields in 2017 (the harvest of grain and Read more about Ukraine Retained the Position of a Large Exporter of Agricultural Products in 2017[…]
The National Bank raised the refinancing rate by 1.5 pp up to 16%. This indicates significant inflationary expectations in NBU and its readiness to ensure financial stability in the country during the election campaign. Last increase in the refinancing rate became the third one within last months: on October 27, 2017, the NBU raised its Read more about The NBU Raised its Refinancing Rate in Anticipation of Higher Inflation[…]