Ukrainian farmers under the government-funded program to support acquisition of Ukrainian machinery and equipment bought it for the amount of over UAH 5.77 billion in 2019, which is 31.2% more than in 2018, Secretary of the National Committee for Industrial Development Olena Salikhova has said.
“At the same time, the amount of compensation [25% of the cost] for the purchased equipment according to the Ministry of Economic Development, Trade and Agriculture, in fact in 2019 amounted to UAH 640 million (applications submitted by farmers in September were satisfied), while applications filed in October-November for the amount of UAH 563 million were not compensated, but the equipment was purchased,” she said during a Thursday working meeting with Deputy Minister of Economic Development, Trade and Agriculture Taras Vysotsky with agricultural associations devoted to support programs for 2020.
In turn, Vysotsky said that this program was underfunded due to the fact that the budget provided for these purposes less funds (UAH 682 million) than the demand for this program.
“Farmers bought a lot more equipment under the program than there were funds in the budget, so we can discuss the possibility of considering this compensation in 2020. Our position is to complete all the programs,” the deputy minister said.
He said that in the fourth quarter, when there was no money left for compensation, farmers purchased equipment for UAH 2 billion, which means compensation for another UAH 500 million.
Prices for construction and assembly work in Ukraine in January-November 2019 increased by 6.5% compared with January-November 2018, the State Statistics Service has reported.
According to statistics, since the beginning of the year prices have risen in all segments of construction. So, in residential construction the growth was 8.8%, in non-residential some 5.1%, in engineering some 5.7%.
In November 2019 from November 2018, the cost of construction work in residential construction rose by 3.8%, in engineering by 0.3%, while in non-residential construction the decrease was 1.6%.
In addition, the State Statistics Service said that in November compared with October, the cost of construction of residential buildings decreased slightly, by 0.5%, non-residential by 0.6%, while engineering structures increased by 0.4%.
According to its data, in 2018 prices for construction work in Ukraine increased by 23% compared to the previous year, while in 2017 by 13.4%.
The indicators are given without taking into account the annexed territory of Crimea and Sevastopol, as well as part of the occupied territories of Donetsk and Luhansk regions, the State Statistics Service notes.
Dynamics of changes in population of Ukraine from 1991 to 2019
Ukraine’s real GDP in 2019 would accelerate to 3.7% from 3.3% last year thanks to high demand of households linked to record-hit high consumer confidence since 2008, growth of wages and boom in consumer lending, the ICU investment group has said.
The contribution of net exports to real GDP growth for the first time since the end of 2015 has become positive, despite the hryvnia revaluation trend, the National Bank of Ukraine (NBU) commented on changes in real GDP in the third quarter of 2019.
The growth of gross domestic product (GDP) in Ukraine in July-September 2019 was 4.1% year-over-year, whereas the pace of growth in the second quarter was higher (4.6%) and that in the first quarter was lower (2.5%).
Real wages in Ukraine on November 2019 increased by 10.8% compared with November 2018, while compared with October 2019 they decreased by 0.5%, the State Statistics Service has said.
The deficit of Ukraine’s foreign trade in goods in January-October 2019 increased by 5.75% compared to the same period in 2018 (also $8.003 billion in deficit), to $8.463 billion, the State Statistics Service reported .
The share of electricity imported to Ukraine in July-November 2019 amounted to 2.2 million MWh, or 3.5% of the total electricity supplied to the power grid (62.143 million MWh), according to a posting on the website of the transmission system operator Ukrenergo on December 28.
Consumer prices in Ukraine in November 2019 increased by 0.1% compared to 0.7% in the previous month and 1.4% in November 2018, the State Statistics Service of Ukraine has reported.
The National Bank of Ukraine (NBU) is introducing a report on concentration of risks in bank groups and on substantial intragroup transactions, which are to be submitted by authorized persons of the bank groups to the regulator starting from statements for the fourth quarter of 2020, the central bank reported on its website.
Overfulfillment of the national budget in 2020 will create preconditions for lowering personal income tax, Finance Minister Oksana Markarova has said.
Four out of 10 members of the NBU Monetary Policy Committee (MPC) have advocated cutting the key policy rate by a more radical 2 percentage points (pp), to 13.5% instead of the 1.5 pp cut, according to the results of a meeting of the NBU MPC held on December 11.
The total state (direct) and state-guaranteed debt of Ukraine in November 2019 increased 1.2%, or by $0.99 billion, to $82.82 billion, according to data on Finance Ministry’s website.
The surplus of Ukraine’s balance of payment in November 2019 was $601 million, which is 50% less than in November 2018 ($1.32 billion), according to tentative data from the National Bank of Ukraine (NBU).
Industrial production in Ukraine in November 2019 decreased by 7.5% compared to November 2018 after a decrease of 5% in October and 1.1% in September, the State Statistics Service has reported.
Industrial prices in Ukraine in November 2019 decreased by 3%, after falling by 1.2% in October and 1.5% in September, the State Statistics Service has reported.
NJSC Naftogaz Ukrainy from January 1, 2020 will offer a service of selling natural gas with 25% advance payment, Head of Naftogaz integrated gas business unit Andriy Favorov has said.
Gas Transmission System Operator of Ukraine (GTSOU), which replaced Ukrtransgaz as the operator of the Ukrainian gas transmission system on January 1, 2020, has reported continuation of Russian gas transit under the new agreement reached between Russia’s Gazprom and NJSC Naftogaz Ukrainy in furtherance of the previous ten-year contract.
The transport enterprises of Ukraine in January-November 2019 increased cargo transportation by 8.5% compared to the same period in 2018, to 619.8 million tonnes, according to the State Statistics Service. Ukraine’s transport enterprises in January-November 2019 carried 3.9 billion people, which was 5.6% less than in the same period in 2018, the State Statistics Service has reported.
The volume of construction work in Ukraine in November 2019 increased by 18.9% compared to November 2018, while in October 2019 compared to October 2018 this figure rose by 14.9%.
Retail trade in comparable prices (both by legal entities and individual entrepreneurs) in Ukraine in January-November 2019 grew by 10.4% year-over-year, the country’s State Statistics Service said on Friday.
Consumer confidence of Ukrainians in November 2019 continued worsening and decreased by 4.2 points compared with October, reaching 91.7 (the values of indices can vary from 0 to 200), while a year ago the figure was 59.8, according to a study of Info Sapiens posted on its website.
Ukraine since the beginning of the 2019/2020 marketing year (MY, July-June) and as of December 23, 2019 hadexported 29.35 million tonnes of grain and leguminous plants, which is 35% more than on the same date of the previous MY.
Ukrainian population by regions as of November 1, 2019 (graphically)
