Ratio of fertility and mortality by region in 2020.
The Ministry of Economy estimates the drop in the gross domestic product (GDP) of Ukraine in 2020 at 4.2%, which is associated with the COVID-19 pandemic, Minister of Economy Ihor Petrashko has said while discussing the economic strategy until 2030.
The Ministry for Development of Economy, Trade and Agriculture has improved its estimate of the contraction of the Ukrainian economy in October-December to 1%, while at the end of last year the ministry expected the economy to fall by 3% in the fourth quarter.
MPs of Ukraine should use all opportunities to create the basis for economic growth next year, First Deputy Head of the Servant of the People parliamentary faction and leader of the eponymous party Oleksandr Korniyenko has said.
The National Bank of Ukraine (NBU) plans to increase the share of mortgage from the current 0.7% to 2% of GDP by 2024, NBU Governor Kyrylo Shevchenko has said.
The price of Ukraine’s VRIs (value recovery instruments) may rise by up to 140-170% thanks to the recovery of the Ukrainian economy compared to the current market price of 113%, analysts at Deutsche Bank believe.
The fall in the gross domestic product (GDP) of Ukraine in the fourth quarter of 2020 compared to the same period in 2019 slowed down to 0.7% from 3.5% in the third quarter and 11.4% in the second quarter, the State Statistics Service has said.
After a 4.1% decline last year, Ukraine’s economy will grow by 4.2% this year, with inflation rising from 5% to 7.2%, according to the updated macroeconomic forecast of the Concorde Capital investment company, forwarded to Interfax-Ukraine.
Fitch Ratings has affirmed Ukraine’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B’ with a stable outlook, the agency said on its website.
Exports of goods from Ukraine in January 2021 amounted to $3.93 billion, which is $270 million, or 5.6% less than in the same period in 2020 and is associated with a decrease in exports of corn, wheat, soybeans and meal, Deputy Economy Minister, Trade Representative Taras Kachka said on Facebook on Tuesday.
In 2020, Ukraine doubled its export of goods to China compared to 2019, to $7.1 billion with imports from China at $8.3 billion, while imports from the Russian Federation decreased 35%, to $2.7 billion with exports being $4.5 billion, Deputy Minister of Development of Economy, Trade and Agriculture, Trade Representative of Ukraine Taras Kachka has said.
Ukraine in 2020 imported 531,400 vehicles worth more than $ 4.2 billion, including 486,300 passenger cars for almost $ 3.5 billion, Ukrautoprom reported.
Inflation in 2021 will warm the economy, Prime Minister of Ukraine Denys Shmyhal has said.
The growth of consumer prices in Ukraine in January 2021 accelerated year-over-year to 6.1% from 5% in December and 3.8% in November, the State Statistics Service of Ukraine said on Tuesday.
The National Bank of Ukraine (NBU), after keeping the refinancing rate at 6% per annum for nine months, on March 4 will increase it by 0.5 percentage points (p.p.), to 6.5%, most bankers interviewed by the Interfax-Ukraine agency are inclined to this opinion.
Ukraine’s international reserves as of February 1, 2021, according to preliminary data, fell to $28.821 billion (equivalent), which is $279 million less than at the beginning of January this year, the National Bank of Ukraine (NBU) has said.
The total public debt of Ukraine in January 2021 expanded by 0.53% in U.S. dollars, to $90.74 billion and by 0.25% in hryvnias, to UAH 2.558 trillion, according to the website of the Ministry of Finance.
Prices in Ukrainian industry in January 2021 compared to January 2020 grew by 17.6%, the State Statistics Service said on Wednesday.
Industrial production in Ukraine in January 2021, which was subject to stricter quarantine, fell by 4% compared to the pre-COVID-19 January 2020, and adjusted to the effect of calendar days the decline was even smaller – 2.7%, the State Statistics Service of Ukraine has reported.
The transport companies of Ukraine (excluding the territory of the Autonomous Republic of Crimea and Sevastopol, as well as part of the JFO area) in January 2021 reduced carriage of goods by 2.2% compared to January 2020, to 42.8 million tonnes, the State Statistics Service has said.
Ukrainian transport companiestransported 187.1 million people in January 2021, which is 44.7% less than in the same period in 2020, the State Statistics Service has reported.
Retail trade turnover in Ukraine in January 2021 at comparable prices increased by 3.5% compared to January 2020, the State Statistics Service has reported.
President of Ukraine Volodymyr Zelensky has invited Austrian President Alexander Van der Bellen to join the Crimean Platform and take part in the celebration of the 30th anniversary of Ukraine’s independence.
“Thank you Van der Bellen for supporting Ukraine’s sovereignty & territorial integrity. Grateful that you agree to help speed up Ukraine’s receipt of vaccine under COVAX. Please accept invitations to the 30th anniversary of Ukraine’s Independence and to join the Crimean platform,” Zelensky wrote on Twitter on Friday.
The press service of the head of state reported later that in the telephone conversation of the presidents, the main attention was paid to the measures that are being taken in Ukraine and Austria in order to counter the spread of coronavirus and strengthen the protection of citizens. Zelensky also stressed the importance of solidarity distribution of certified vaccines. In turn, Van der Bellen confirmed his readiness to facilitate the accelerated receipt of vaccines in Ukraine within the framework of the COVAX initiative.
“In my opinion, the most important thing is for this vaccine to be of high quality and effective. The sooner Ukraine receives new batches of vaccines, the sooner vaccinations will take place in our country,” Zelensky said.
In addition, the parties agreed that international sanctions against the Russian Federation should be maintained until the full restoration of the territorial integrity of Ukraine within its internationally recognized borders.
Mariupol-based Illich Iron and Steel Works (Donetsk region), part of Metinvest Group, in January-February this year increased the production of general rolled products, according to recent data, by 19% compared to the same period last year, to 660,000 tonnes.
As the enterprise told Interfax-Ukraine, steel production during this period increased by 3.7%, to 700,000 tonnes, cast iron by 15.2%, to 765,000 tonnes, and sinter by 14.3%, to 2.152 million tonnes.
In February, the plant produced about 300,000 tonnes of general rolled products, 340,000 tonnes of steel, 410,000 tonnes of cast iron, and 1.07 million tonnes of sinter.
Metinvest is a vertically integrated group of mining companies. Its main shareholders are SCM Group (71.24%) and Smart-Holding (23.76%), jointly managing the company.
Metinvest Holding LLC is the managing company of Metinvest Group.
Premier Palace Hotel (Kyiv) in 2020 received UAH 10.3 million of net profit, while in the previous year net profit amounted to UAH 112.6 million.
According to the message of the company in the information disclosure system of the National Securities and Stock Market Commission on the meeting of shareholders on April 6, net profit per share amounted to UAH 0.007.
Undistributed profit of the hotel slightly decreased to UAH 1 billion.
The total accounts receivable decreased by 26.3%, to UAH 12.7 million, long-term liabilities by 52.8%, to UAH 163 million, while the current ones increased by 87.3%, to UAH 286.7 million.
In general, the company’s assets decreased by 11.7% and amounted to UAH 297.2 million.
The shareholders also intend to use 95% of the profit received in 2020 to cover losses of previous periods, and 5% for the formation of reserve capital.
Premier Palace Hotel is part of the Premier Hotels and Resorts chain managed by Premier International LLC (Kyiv).
Premier Hotels and Resorts (Premier International LLC) unites 17 hotels of categories of three-five stars under the following brands: Premier Palace Hotels, Premier Hotels and Premier Compass Hotels. The hotels are located in Kyiv, Kharkiv, Dnipro, Lviv, Odesa, Poltava, Sumy, Kherson, Pochaiv, Mukachevo (Zakarpattia region), Oleksandriya (Kirovohrad region). The total room supply of the chain is more than 2,100 rooms.
The Verkhovna Rada Committee on Economic Development has recommended the adoption at the second reading bill No. 4543 on unblocking large-scale privatization, while its consideration is planned for next week, Deputy Head of the Committee Roksolana Pidlasa (the Servant of the People faction) told Interfax-Ukraine.
“The committee has just recommended bill No. 4543 on unblocking large-scale privatization for the second reading without changes. It is planned that next week the bill will be considered by the Verkhovna Rada,” she said after the committee meeting on Friday.
According to Roksolana Pidlasa, the law, if adopted, should enter into force the next day after its publication.
“For the first half of 2021, within the framework of large-scale privatization, it is planned to have President Hotel, United Mining and Chemical Company [UMCC], and First Kyiv Machine-Building Plant [previously Bolshevik plant]. There are audit reports on them and the process of preparing for privatization can be started,” the deputy head of the committee said.
As reported, the Verkhovna Rada on February 4 adopted government bill No. 4543, which provided for unblocking the large-scale privatization process.
