Foreign direct investment (FDI) in Ukraine as equity capital as of July 1, 2019, was $33.724 billion, which was 2.6%, or $0.84 billion more than in the beginning of the year, the State Statistics Service of Ukraine said.
The growth of gross domestic product (GDP) of Ukraine in April-June 2019 was 4.6% compared to the same period in 2018, whereas the growth rate in the first quarter was lower, being fixed at 2.5%.
JP Morgan analysts have reviewed its GDP forecast for 2019 for Ukraine improving it from 3.6% to 4.3% along with the sharp growth of GDP to 4.6% in the second quarter compared with the expected growth of 3.8%, according to JP Morgan survey of emerging markets of Eastern Europe.
Capital investment in Ukraine in January-June 2019 grew by 12.3%, while in the first quarter of 2019 – by 17.8%, the State Statistics Service reported.
The Verkhovna Rada of the ninth convocation has appointed Oleksiy Honcharuk prime minister of Ukraine.
The deficit of Ukraine’s foreign trade in goods in January-June 2019 increased by 36.3% compared with January-June 2018, to $3.736 billion, the State Statistics Service has reported.
The surplus of Ukraine’s foreign trade in services in January-June 2019 increased by 13.3% compared with January-June 2018, to $2.937 billion ($2.593 billion in H1 2018), the State Statistics Service has reported.
The actual inflation rate in July 2019 exceeded the forecast published in the July 2019 Inflation Report, according to the website of the National Bank of Ukraine (NBU).
The deficit of Ukraine’s national budget in January-July 2019 totaled UAH 2.86 billion, including UAH 10.6 billion of the deficit of the general fund, according to the State Treasury Service of Ukraine.
The largest taxpayers of Ukraine in July 2019 increased tax payments by almost UAH 7 billion compared with July 2018, to over UAH 27 billion, the Office of Large Taxpayers has said in a press release.
Ukraine’s forex reserves in July 2019 grew by $1.2 billion or 5.8%, to $21.84 billion thanks to net purchase of currency on the interbank currency market by the National Bank of Ukraine (NBU), according to preliminary data posted on the central bank’s website.
Money stock in Ukraine in July 2019 expanded by 1.8%, to UAH 1.313 trillion, the relevant data of monetary statistics have been posted on the website of the National Bank of Ukraine (NBU).
The total state (direct) and state-guaranteed debt of Ukraine in July 2019 increased by 2.55%, or by $2.05 billion, to $82.4 billion, according to data on Finance Ministry’s website.
Ukraine saw a $1.2 billion surplus of a consolidated balance of payments in June 2019 compared with a $750 million deficit in May, a $45 million deficit in April, a $652 million surplus in March 2019 and a $23 million surplus in June 2018.
Industrial production in Ukraine in July 2019 fell by 0.2% compared with July 2018 after a decline of 2.3% in June and growth by 1.6% in May, by 5.2% in April and 2.1% in March, the State Statistics Service reported.
Prices in industry of Ukraine in July 2019 grew by 3.6% after a decline of 2.7% in June, the State Statistics Service reported.
The transport companies of Ukraine in January-July 2019 carried 2.474 billion people, which is 6.1% less than in the same period of 2018, the State Statistics Service has reported.
The transport enterprises of Ukraine in January-July 2019 increased freight transportation by 8.5% compared to the same period of 2018, to 386.5 million tonnes, the State Statistics Service has reported.
The volume of construction work in Ukraine in July 2019 increased by 1.8% compared to July 2018, while in June 2019 from June 2018 this figure rose by 1.7%.
Retail trade turnover in Ukraine (legal entities and individual entrepreneurs) in January-July 2019 in comparable prices increased by 10.1% compared with January-July 2018, the State Statistics Service has said.
Official rates of banking metals from national bank as of September 02
One troy ounce=31.10 grams
National bank of Ukraine’s official rates as of 02/09/19
Source: National Bank of Ukraine
Ukraine’s President Volodymyr Zelensky has signed a decree appointing Aivaras Abromavicius director general of the Ukroboronprom state concern, according to a document posted on the presidential site. “Aivaras Abromavicius is appointed general director of the state concern Ukroboronprom,” according to decree No. 641/2019 published on the Ukrainian presidential website on Friday evening.
Before that, the Ukrainian president issued decree No. 640/2019 relieving Pavlo Bukin of his duties as head of Ukroboronprom.
Abromavicius was Ukraine’s economy minister between December 2014 and April 2016.
The right of legislative initiative in the Ukrainian parliament, which previously belonged to the president, the Cabinet of Ministers and members of parliament, may be given to the people of Ukraine, according to the text of bill No. 1015 changing Article 93 of the Constitution of Ukraine (on the people’s legislative initiative), submitted by Ukrainian President Volodymyr Zelensky on August 29.
The text of the document was posted on the Ukrainian parliament website on Friday.
The bill proposes including in Paragraph 1 of Article 93 of the Constitution the words that “the right of legislative initiative in the Verkhovna Rada belongs to the people, the president of Ukraine, the Cabinet of Ministers of Ukraine, members of parliament of Ukraine and is exercised by them in the situations and in accordance with the procedures determined by the Constitution and laws of Ukraine.”
The document proposes added to the Constitution a paragraph stating that “the law is adopted in accordance with the legislative procedure requirements determined by the Constitution and laws of Ukraine.”
According to the explanatory note attached to the bill, the purpose of the changes proposed by the bill is to ensure an effective mechanism of legislative initiative in Ukraine by broadening the list of its subjects.
The bill needs to be adopted because the list of subjects of the right of legislative initiative determined by the Constitution “is narrow and makes it impossible for the people of Ukraine as the only source of power to be such subject.”
Ukraine currently does not have a legislative mechanism for implementing the proposal to give the right of legislative initiative to the people.
