The fall in the gross domestic product (GDP) of Ukraine in the first quarter of 2021 compared with the same period in 2020 accelerated to 2% from 0.5% in the fourth quarter of 2020, the State Statistics Service said.
The National Bank of Ukraine (NBU) plans to achieve an increase in the volume of net bank loans to business entities and individuals in relation to GDP at the level of 22% in 2024, which is 8.1 percentage points more than as of 2020 (13.9%).
The Ministry of Economy of Ukraine worsened expectations of real GDP growth in the updated macro forecast from 4.6% to 4.1% in 2021, from 4.3% to 3.8% in 2022, ex-Minister Ihor Petrashko said.
The deficit of Ukraine’s foreign trade in goods in January-March 2021 expanded by 1.4% compared to January-March 2020, to $1.315 billion from $1.296 billion.
Consumer prices in Ukraine at the end of April 2021 year-over-year slowed down from 8.5% to 8.4% at the end of March.
The National Bank of Ukraine (NBU) plans to achieve an increase in the volume of net bank loans to business entities and individuals in relation to GDP at the level of 22% in 2024, which is 8.1 percentage points more than as of 2020 (13.9%).
The balances on the government’s foreign currency Single Treasury Account (STA) as of May 5, 2021 amounted to $1.6 billion, head of the Council of the National Bank of Ukraine (NBU) Bohdan Danylyshyn said.
The total public debt of Ukraine in April 2021 increased by 1.29% in U.S. dollars to $91.33 billion and by 0.8% in hryvnias, to UAH 2.534 trillion, according to data on the website of the Ministry of Finance.
Prices in the Ukrainian industry in April 2021 grew by 1.2%, while in March – by 1.6%, in February – by 7.8%, in January – by 5.2%.
Industrial production in Ukraine in April 2021 increased by 13% compared to April 2020, while in March the growth was 2.1%, in February and January – a fall of 4.6% and 4%, respectively.
The retail trade turnover of Ukraine in April 2021 compared to the same month in 2020 in comparable prices increased 34.3%, while in March it grew by 13.1%.
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.
Ukraine intends to increase the inflow of foreign direct investment (FDI) by 2025 to $15 billion per year, while at the end of 2020 their outflow amounted to $420 million, and in 2021 the National Bank predicts a recovery in FDI inflows at the level of $3 billion.
Ukraine in 2020 climbed from 80th to 63rd place in the Social Progress Index among 163 countries with score of 73.38 points versus 66.97 in 2019, according to the index data.
The National Bank of Ukraine (NBU) has revised its inflation forecast from 7% to 8% in 2021, expecting inflation to return to the 5% target in H1 2022.
The negative balance of Ukraine’s foreign trade in goods in January-February 2021 decreased by 55.3% compared to January-February 2020, to $ 256.5 million from $ 573.2 million, the State Statistics Service has reported.
The growth of consumer prices in Ukraine in March 2021 accelerated year-over-year to 8.5% from 7.5% in February, from 6.1% in January and from 5% in December 2020.
The total public debt of Ukraine in March 2021 decreased in hryvnia by UAH 38.68 billion, to UAH 2.514 trillion, in dollars – by $ 1.24 billion, to $ 90.17 billion, the Ministry of Finance said.
Prices in the Ukrainian industry in March 2021 increased by 1.6%, while in February – by 7.8%, in January – by 5.2%, the State Statistics Service reported.
Industrial production in Ukraine in March 2021 increased by 2.1% compared to March 2020, which was the first month of the introduction of quarantine due to COVID-19, and the growth adjusted for the effect of calendar days was 2.4%, the State Statistics Service has said.
Ukraine since the beginning of the 2020/2021 marketing year (MY, July-June) and as of April 30, 2021 had exported 38.92 million tonnes of grains and legumes, which is 22.9% less than on the same date of the previous MY.
The transport enterprises of Ukraine in January-March 2021 reduce transportation of goods by 3.6% compared to the same period in 2020, to 135.3 million tonnes.
The volume of construction work performed in Ukraine in January-March 2021 decreased by 12.8% compared to the same period in 2020.
Retail turnover in Ukraine in 2020 increased by 12.7% compared to 2019, which is associated with significant growth in the e-commerce segment and high domestic demand.
Publisher of “Open4Business”, PhD in Economics, Maksim Urakin
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.
Ukraine intends to increase the inflow of foreign direct investment (FDI) by 2025 to $15 billion per year, while at the end of 2020 their outflow amounted to $420 million, and in 2021 the National Bank predicts a recovery in FDI inflows at the level of $3 billion.
Ukraine in 2020 climbed from 80th to 63rd place in the Social Progress Index among 163 countries with score of 73.38 points versus 66.97 in 2019, according to the index data.
The Ministry for Development of Economy, Trade and Agriculture of Ukraine estimates the drop in GDP in January 2021 at 2.6-2.8%, according to the January review of economic activity in the country posted on its website.
The total public debt of Ukraine in February 2021 increased by 0.74% in U.S. dollars, to $ 91.41 billion and decreased by 0.21% in hryvnias, to UAH 2.552 trillion, according to data on the website of the Ministry of Finance. The ministry said the total national debt decreased in hryvnia equivalent by UAH 5.28 billion, mainly due to a reduction in guaranteed debt.
The Ministry for Development of Economy, Trade and Agriculture maintains its forecast for the growth of Ukraine’s GDP in 2021 at 4.6%, Minister Ihor Petrashko, has said, commenting on a statement by Deputy Head of the Office of the President Yulia Svyrydenko about the expected GDP growth of 5.1% in 2021.
The deficit of Ukraine’s foreign trade in goods in February 2021 fell by 47.5%, to $0.32 billion, while the deficit of foreign trade in January-February 2021 slightly grew – by 5.9%, to $0.6 billion
The growth of consumer prices in Ukraine in February 2021 accelerated year-over-year to 7.5% from 6.1% in January and from 5% in December 2020, the State Statistics Service said.
The total public debt of Ukraine in February 2021 increased by 0.74% in U.S. dollars, to $ 91.41 billion and decreased by 0.21% in hryvnias, to UAH 2.552 trillion, according to data on the website of the Ministry of Finance.
Prices in Ukrainian industry in February 2021 increased by 7.8%, while in January 2021 – by 5.2%, and in December 2020 – by 1.8%, the State Statistics Service said.
Industrial production in Ukraine in February 2021 decreased by 4.6% compared to the pre-COVID February 2020, and adjusted for the effect of calendar days (last year was a leap year), the reduction was noticeably smaller – 2%, the State Statistics Service said.
The lack of institutional regulation in the agro-industrial complex led to a decrease in agricultural production by 11.5% in 2020 compared to the previous year, and crop production fell by 13.6%, Minister of Agrarian Policy and Food of Ukraine Roman Leshchenko said during a discussion of the draft National Economic Strategy 2030.
The transport companies of Ukraine 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.
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.
The World Bank revised upward its forecast for Ukraine’s gross domestic product (GDP) growth in 2021 to 3%, while early October it estimated the prospects for recovery to be twice as modest – at 1.5%.
The Ministry for the Development of Economy, Trade and Agriculture of Ukraine estimates the drop in Ukraine’s gross domestic product (GDP) in January-March 2021 at 3%, according to the Economic Activity Review posted on the ministry’s website.
The National Bank of Ukraine (NBU) estimated the fall of the country’s gross domestic product (GDP) in 2020 at 4.4% and kept the forecast for its growth by 4.2% in 2021, according to the NBU website.
The implementation of the National Economic Strategy 2030 will allow Ukraine to double its GDP in 10 years, the head of the working group on developing the strategy, Kyrylo Kryvolap, has said.
The deficit of Ukraine’s foreign trade in goods in January-November 2020 decreased 58.6% compared to January-November 2019, to $3.897 billion from $9.417 billion, the State Statistics Service reported.
The growth of consumer prices in Ukraine in 2020 accelerated to 5% from 4.1% in 2019, being in the center of the inflation target of the National Bank of Ukraine, the State Statistics Service has reported.
The National Bank of Ukraine (NBU) has lowered its forecast for the key policy rate from 7.5% to 7% by the end of 2021, Deputy Head of the NBU Dmytro Sologub has said.
The deficit of the General Fund of the state budget in 2020 amounted to UAH 215.5 billion with the target being UAH 274.5 billion, the Ministry of Finance said with reference to the recent data of the State Treasury Service of Ukraine.
Prices in the Ukrainian industry in December 2020 increased by 14.5% compared to December 2019, the State Statistics Service has reported.
Ukrainian manufacturers of vehicles in 2020 reduced their production by 32% compared to 2019, to 4,952 units, according to the website of the Ukrautoprom association.
Agricultural enterprises spent all budgetary funds of government support, the total amount of which was UAH 4 billion, Minister of Economic Development, Trade and Agriculture Ihor Petrashko has said.
Ukrainian transport companies reduced the cargotransportation by 11.2% in 2020 compared to 2019, to 600 million tonnes, the State Statistics Service said.
Ukrainian transport companies carried 2.569 billion passengers in 2020, which is 39.7% less than in the same period in 2019, the State Statistics Service has reported.
Retail trade turnover in Ukraine in 2020 increased by 8.4% compared to 2019 in comparable prices, the State Statistics Service said.
Oxford Economics has improved its forecast for Ukraine’s GDP fall in 2020 to 4.6% compared to 4.9% of GDP in the November forecast, according to the December forecast.
The fall of the Ukrainian economy in 2020 may amount to 5.5% of GDP with a further recovery of growth by 3.5-4% in the next two years, analysts at Deutsche Bank expect.
The Kyiv School of Economics (KSE) expects the economy to fall by 5.1% of GDP in 2020, according to the KSE economic activity review for the fourth quarter of this year.
The National Bank of Ukraine (NBU) preliminarily estimates the loss of Ukraine’s GDP from the enhanced quarantine in January 2021 at 0.2%, Deputy NBU Governor Dmytro Sologub has said.
The fall in the gross domestic product (GDP) of Ukraine in July-September 2020 amounted to 3.5% compared to the same period in 2019, the State Statistics Service confirmed its preliminary assessment, published in mid-November.
The deficit of Ukraine’s foreign trade in goods in January-October 2020 decreased by 71.4% compared to January-October 2019, to $3.354 billion from $8.496 billion, the State Statistics Service reported on Tuesday.
The growth of consumer prices in Ukraine in November 2020 accelerated to 1.3% from 1% in October and 0.5% in September after falling by 0.2% in August and 0.6% in July, reported the State Statistics Service on Wednesday.
The 2021 national budget provides for a deficit of 5.5% of GDP, or UAH 246.6 billion, according to the text of the law released on the website of the Finance Ministry on Monday.
Most members of the Monetary Policy Committee of the National Bank of Ukraine (NBU) expect the key policy rate to rise to 6.5-7.5% in 2021 due to the predicted rise in inflationary pressures, the regulator’s website said on Monday.
The total public debt of Ukraine in November 2020 increased by 1.16% in U.S. dollars, to $ 84.24 billion and by 1.27% in hryvnias, to UAH 2.398 trillion, according to data on the website of the Ministry of Finance.
The prices of industrial producers in Ukraine in November 2020 increased by 2%, while in October by 3.8%, in September by 1.7%, in August by 2.3%, in July by 0.4%, and in June and May their decline was recorded by 2% and 0.6%, respectively, the State Statistics Service has said.
Industrial production in Ukraine in November 2020 compared to November 2019 decreased by 0.3%, while in October by 5%, in September by 4.4%, in August 5.3%, in July 4.2%, June 5.6%, May 12.2% and April 16.2%, the State Statistics Service has reported.
Since the beginning of the new 2020/2021 marketing year (MY, July-June) and as of December 11, Ukraine has exported 22.89 million tonnes of grains and legumes, which is 3.8 million tonnes less than year-over-year.
The transport companies of Ukraine in January-November 2020 reduced transportation of goods by 11.6% compared to the same period in 2019, to 546.6 million tonnes, the State Statistics Service has reported.
Ukrainian transport companies carried 2.345 billion passengers in January-November 2020, which is 39.9% less than in the same period in 2019, the State Statistics Service has reported.
Retail trade turnover in Ukraine in November 2020 increased by 12.1% compared to the same month in 2019 in comparable prices, while in the previous month the growth was 15.2%, the State Statistics Service has said.
