Ukraine’s real gross domestic product fell by 29.1% in 2022 after growing 3.4% in 2021 due to full-scale Russian military aggression, the State Statistics Service said.
According to its data, Ukraine’s nominal GDP last year was markedly higher than most analysts’ forecasts and amounted to UAH 5.191 trillion.
Gosstat specified that the deflator change for 2022 as a whole amounted to 34.3%, including 36.5% in the fourth quarter, compared to 38.1% in the third quarter, 37.7% in the second quarter and 25.5% in the first quarter.
According to his data, Ukraine’s real GDP decreased by 31.4% in the fourth quarter of last year, 30.6% in the third quarter, 36.9% in the second quarter and 14.9% in the first quarter.
According to Oleksiy Blinov, head of the analytical department of Sense Bank, in dollar terms the nominal GDP for last year was about $159 billion.
For 2021, the nominal GDP of Ukraine, according to the State Statistics Committee, was equal to 5.451 trillion UAH, or more than $200 billion.
Part of the donor funds for Ukraine’s quick recovery is being channeled through the new Ukraine Recovery, Rehabilitation and Reforms Trust Fund (URTF) created by the World Bank late last year, whose size the bank intends to increase to $2 billion, WB Governor David Malpass said.
“We intend to increase this fund to $2 billion and to mobilize an additional $1 billion to $2 billion from private partners,” he said Wednesday at the third ministerial roundtable in support of Ukraine, which took place at the WB and IMF spring meeting in Washington.
Malpass specified that the mechanism was created to mobilize additional support from the International Finance Corporation (IFC) of the World Bank Group, which works with the private sector and has already allocated about $150 million to Ukraine’s private sector with support from donor partners across Europe.
“We have pledged to share risks with the IFC,” the WB chief noted.
He added that the Multilateral Investment Guarantee Agency (MIGA), part of the WB Group, would also help with this task and had already provided more than $116 million in guarantees for Ukraine since the war began.
“It is critical to support the country’s long-term growth through projects in sectors such as energy infrastructure, transportation, agriculture and human capital. Our investments will be accompanied by policy and reform advice and the structuring of viable projects that can mobilize private capital,” Malpass stressed.
As World Bank Regional Director for Eastern Europe Arup Banerjee told Interfax-Ukraine in late February of this year, $295 million had been accumulated in the URTF at the time.
CSD LAB medical laboratory is opening partner laboratory offices in the front-line regions of Ukraine.
The company told Interfax-Ukraine news agency that, in particular, CSD LAB is opening laboratories on their basis together with medical centers.
“We opened partner laboratory offices in the frontline regions of Slavyansk, Kramatorsk and Konstantinovka (Donetsk region),” the company specified.
CSD LAB reported that the company opened more than 15 lab offices together with partners during the war, including three in Ternopil, offices in Dnipro, Khmelnytsky, Drohobych, Kamyanets-Podilsky, Ivano-Frankivsk, Lutsk, Chernivtsi, Chernomorsk, Slavyansk, Kramatorsk and Konstantinivka.
Currently there are over 70 laboratory offices and biomaterial collection points in the network all over Ukraine.
CSD LAB – one of the leading laboratories in Ukraine, provides more than 1500 tests – from general blood analysis to determination of genetic disorders in the tumor by NGS method. For 12 years CSD LAB has been one of the largest pathomorphological laboratories in Eastern Europe.
CSD LAB unites six laboratories: pathomorphology, cytomorphology, oncohematology, microbiology, clinical diagnostic laboratory and molecular genetics center. Every year it conducts more than 1.5 million tests.
Production facilities and modern high-tech equipment are located in Kiev and Lviv on a total area of more than 5 thousand square meters, as well as in Moldova and Georgia.
Romanian authorities are introducing new rules for housing and food subsidies for Ukrainian refugees starting from May: now the money will be received only by those who have found a job, the EFE news agency reported.
In addition, those citizens of Ukraine whose children go to school in Romania will be able to count on the subsidies.
Under the new rules, the state will no longer pay housing costs to landlords who house refugees, and tenants will receive subsidies directly. Refugee camps will receive subsidies from the state as before. Details of these rules will be made public at a later date, the agency notes.
EFE explains that Bucharest has taken such measures against the background of a significant labor shortage in Romania. More than 3.8 million Ukrainians arrived in the country since February 2022, but the vast majority went to other European countries. According to Romanian authorities, about 110,000 Ukrainian refugees currently remain in the country, but less than 10 percent of them have a work contract.
Forecast of changes in discount rate of national bank of Ukraine, %
Source: Open4Business.com.ua and experts.news
The Ministry of Digital Transformation (Ministry of Digital Transformation) will launch an updated statistics portal created as part of the global digital transformation of the State Statistics Service (Gosstat) by mid-year instead of the current website, Deputy Prime Minister for Innovation, Education, Science and Technology Development – Digital Transformation Minister Mikhail Fedorov said in Telegram on Wednesday.
“At the heart of the transformation is an IT platform. It collects and processes data in real time, presenting it in the form of interactive dashboards so that scientists, journalists and businessmen can quickly find the necessary information,” Fedorov wrote.
According to the head of the Ministry of Digital, now all data are collected manually from different sources and in different formats. They are long processed in outdated systems and then distributed in the form of statistical files through Gosstat.
“Therefore, we need to fundamentally change this approach,” Fedorov stressed.
He specified that the Ministry plans to present an updated statistics portal in the summer.
The Ministry of Digital Transformation has been conducting transformations in the Gosstat since 2021 as part of the Swiss-Ukrainian program EGAP, implemented by the Eastern Europe Foundation.
The audit of business processes and IT infrastructure of Gosstat was carried out in cooperation with EPAM IT company. It also participated in developing a strategy of digital transformation, it said.
According to Forbres.UA, the total cost of the project is about 55 million UAH, which were allocated within the program EGAP. The publication also reported that after the implementation of changes, the staff of the State Statistics Service will be reduced by about 30%. In 2022, the staff of the state agency was reduced from 6,000 to 4,600 employees, including by eliminating duplicate functions in the regional offices.
EPAM Systems Inc. was founded in 1993 and develops custom software for various sectors of the economy. The company has offices in 25 countries and provides services to customers in more than 40 countries.
