Business news from Ukraine

MACRO MONTHLY SUMMARY, MAIN STATISTICS OF UKRAINE IN DECEMBER, 2018

4 February , 2019  

The presidential election campaign started in Ukraine on Monday, December 31, and will last for 90 days.
The World Bank has reviewed downwards its forecast for Ukraine’s GDP growth in 2019 from 3.5% to 2.9%, according to the Global Economic Prospects (GEP). Ukrainian businesses predict further economic growth and the creation of new jobs in 2019 for the second year in a row, according to a survey of company heads conducted by the National Bank of Ukraine (NBU) in the fourth quarter of 2018.
The minimum wage in Ukraine in 2019 is UAH 4,173. Real wages in Ukraine in December 2018 increased by 9.7% compared to December 2017 and by 14.5% compared to November 2018, the State Statistics Service said.
The deficit of Ukraine’s foreign trade in goods in January-November 2018 increased by 66.6% compared with January-November 2017 and amounted to $8.866 billion, the State Statistics Service has reported.
The growth of consumer prices in Ukraine in 2018 slowed to 9.8% compared with 13.7% in 2017, the State Statistics Service of Ukraine has reported.
The National Bank of Ukraine (NBU) intends to revise the forecast for inflation in the current year upwards.
The revenues of the national budget of Ukraine in 2018 amounted to UAH 928.139 billion and exceeded the target by 1.1%, Finance Minister Oksana Markarova has said, commenting on the information on the website of the State Treasury Service that state budget revenues were 1.3.% or UAH 11.77 billion less than the planned figure.
The revenues of the national budget of Ukraine in 2018 amounted to UAH 928.14 billion, which is UAH 11.77 billion, or 1.3% less than the target, the State Treasury Service of Ukraine reported on its website. Tax payments to local budgets in 2018 grew by 21.6% compared with 2017, to UAH 230.5 billion, the State Fiscal Service of Ukraine has reported.
The surplus of the balance of payment in November 2018 was $1.321 billion, according to a posting on the website of the National Bank of Ukraine (NBU).
Industrial production in Ukraine in 2018 increased by 1.1% compared with 2017, while in December 2018 from December 2017 the decline was 3.5%, the State Statistics Service has reported.
The volume of sold industrial products (goods, services) in January-November 2018 stood at UAH 2.262 trillion, which is 17.4% more than in January-November 2017, in particular the volume sold abroad was worth UAH 88.841 billion, the State Statistics Service has reported.
Industrial prices in Ukraine in December 2018 decreased by 0.4% after growth in November by 1.7%, in October by 0.3%, in September by 1.2%, in August by 1.3%, the State Statistics Service has said.
Ukrainian agricultural exports to the EU country in January-November 2018 grew by 6.9% year-over-year, to $5.6 billion.
The transport companies of Ukraine in January-December 2018 reduced passenger traffic by 3.5% compared with 2017, to 4.5 billion people, the State Statistics Service has reported. The transport enterprises of Ukraine in January-December 2018 reduced carriage of goods by 2% from January-December 2017, to 624.1 million tonnes.
The volume of construction work performed in Ukraine in 2018 increased by 4.4% compared with 2017, while growth in 2017 compared with 2016 was 26.3%, according to reviewed statistics.
Retail trade turnover in Ukraine in 2018 in comparable prices increased by 6.1% compared with 2017, the State Statistics Service has reported.

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