Business news from Ukraine

Business news from Ukraine

MACRO MONTHLY SUMMARY, MAIN STATISTICS OF UKRAINE IN APRIL-MAY, 2019

2 June , 2019  

Volodymyr Zelensky took the office as Ukrainian president at a ceremony hosted by the Verkhovna Rada. President of Ukraine Volodymyr Zelensky has signed a decree on early termination of the powers of the Verkhovna Rada of Ukraine and appointed early elections on July 21, 2019.
Capital investments in Ukraine in January-March 2019 increased by 17.8%, whereas in the first quarter of 2018 by 37.4%, the State Statistics Service has reported.
The World Bank has affirmed the forecast for growth of Ukraine’s GDP at 2.7% in 2019, World Bank Country Director for Belarus, Moldova and Ukraine Satu Kahkonen has said.
Growth of Ukraine’s real GDO in 2020 would accelerate to 3.3%, in 2021 – to 3.8%, in 2022 – to 4.1% with the gradual decline in inflation to 6%, 5.7% and 5.3% respectively, according to the forecast of social and economic development of Ukraine for 2020-2022 approved by the government.
The growth of Ukraine’s real GDP in the first quarter of 2019 slowed down to 2.2% compared to the same period last year, against 3.5% in the fourth quarter of 2018 and 3.3% in 2018 as a whole, according to preliminary data posted by the State Statistics Service.
The Ministry of Economic Development and Trade has tentatively estimated the growth of Ukraine’s real gross domestic product (GDP) in January-March 2019 compared to the same period of 2018 at 2.2%, while in the fourth quarter of 2018 GDP growth was 3.5%.
Growth of Ukraine’s real GDP in the first quarter of 2019 year-over-year slowed to 2.4% compared with 3.5% in the fourth quarter of 2018 and 3.3% in 2018, the National Bank of Ukraine (NBU) has said in its inflation report posted.
The deficit of Ukraine’s foreign trade in goods in January-March 2019 grew by 13% compared with January-March 2018, to $1.456 billion, the State Statistics Service said.
The deficit of Ukraine’s balance of foreign trade in the first quarter of 2019 totaled $390.5 million, which is 75.4% more than in January-March 2018 (the deficit of $222.6 million), the State Statistics Service has reported.
The surplus of Ukraine’s foreign trade in services in January-March 2019 increased by 2% compared with January-March 2018, to $1.489 billion ($1.461 billion in Q1 2018), the State Statistics Service has reported.
The volume of services rendered by enterprises in Ukraine in January-March 2019 amounted to UAH 215.2 billion, which in comparable prices is 2.7% more than the level of the same period in 2018, according to the State Statistics Service of Ukraine.
Inflation in Ukraine in April 2019 was 1% compared to 0.9% in March, 0.5% in February and 1% in January, the State Statistics Service of Ukraine has reported.
The deficit of the national budget in January-April 2019 totaled UAH 1.718 billion, according to a posting on the website of the State Treasury Service of Ukraine.
The deficit of Ukraine’s national budget in January-April 2019 totaled UAH 0.9 billion compared with UAH 26.17 billion in January-March 2019 and the limit of UAH 90 billion for 2019, the Finance Ministry reported.
Money stock in Ukraine in April 2019 expanded by 0.8%, to UAH 1.263 trillion, the relevant data of monetary statistics have been posted on the website of the National Bank of Ukraine (NBU).
The aggregate state (direct) and state-guaranteed debt of Ukraine in April 2019 grew by 1.3%, or $1.03 billion, to $79.82 billion.
The international reserves of Ukraine in April 2019 decreased by 0.5%, to $20.525 billion (in equivalent) due to the significant amount of public debt repayments, according to preliminary data posted on the website of the National Bank of Ukraine (NBU).
Industrial production in Ukraine in April 2019 increased by 5.2% compared with April 2018, after a rise of 2.1% in March and a fall of 1.8% and 3.3% in February and January respectively, the State Statistics Service has reported.
Industrial prices in Ukraine in April 2019 decreased by 1.5%, after falling by 1% in March, growing by 1% in February and January, the State Statistics Service has said.
The volume of construction work performed in Ukraine in April 2019 increased by 29.4% compared with April 2018, while the indicator in March 2019 compared with March 2018 rose by 29.7%.
Retail trade turnover in Ukraine in comparable prices in January-April 2019 increased by 7.9% compared to January-April 2018, the State Statistics Service has reported.

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