The turnover of goods and services purchased online in Ukraine in January-November 2019 amounted to UAH 76 billion, which is 17% more than in the same period in 2018, the EVO group of companies has said.
According to the company, revenue from related services also increased: delivery, advertising, promotion, payments via the Internet.
“Operators earned less than UAH 3.5 billion on the delivery of goods purchased online. About UAH 1.9 billion on online payments. According to the All-Ukrainian Advertising Coalition, revenue from advertising goods and services on social networks, on marketplaces and Internet resources reaches UAH 16 billion, which is 37% more than in 2018,” the EVO press service said.
The company said that on average buyers spend from UAH 200 to UAH 1,000 at a time on EVO marketplaces: Prom.ua, Shafa.ua, Bigl.ua, Crafta.ua, and Izi.ua. The average bill for the year decreased by 7-10%.
“At the same time, the cost of delivery has increased: on average buyers pay for the receipt of goods 5-15% of the cost of goods. By international standards, it is expensive, so the growth rate of the online trading market has slowed down slightly compared to last year,” EVO said.
According to the company, most often in 2019 Ukrainians bought online clothes and shoes, appliances and electronics, consumer goods, cosmetics, and perfumes. At the same time, the fastest growing demand is that for household goods, books, hobby goods, and products for cars.
Volumes of cargo transportation in Ukraine in mln tons
Within the framework of the 27th meeting of the Intergovernmental Ukrainian-Belarusian Mixed Commission on Trade and Economic Cooperation, a meeting of co-chairs of the national parts of the Commission and a plenary meeting took place. “The visit of the Belarusian delegation of such level is a real opportunity to continue the dialogue with a view to practical implementation of the urgent tasks of cooperation in all areas of mutual interest for the peoples of our states,” the press service of the Cabinet of Ministers quoted Minister of Energy and Environmental Protection of Ukraine Oleksiy Orzhel as saying on Saturday.
It is noted that the constructive discussions held at expert consultations within the Commission will deepen cooperation between Ukraine and Belarus.
“Cooperation with the Republic of Belarus will ensure the development and functioning of stable and competitive sectors of the economy of our states. Implementation of the agreements will provide an opportunity to strengthen political, trade, economic and cultural ties between our countries,” Orzhel added.
Ukrainian population by regions as of October 1, 2019 (in persons)
Dynamics of changes in population of Ukraine from 1991 to 2019
Ukraine and the International Monetary Fund (IMF) have reached agreement on a new cooperation program in a telephone conversation between Ukrainian leader Volodymyr Zelensky and IMF Managing Director and Chair of the Executive Board Kristalina Georgieva, the press service of the head of state reported on Sunday.
“The IMF head praised the new [Ukrainian] administration’s economic achievements and the progress in the introduction of reforms made by the government led by Prime Minister Oleksiy Honcharuk. The sides noted following the discussion that Ukraine and the IMF had come to the Staff Level Agreement on a new cooperation program,” the press service said.
Zelensky said that he and Georgieva had a very constructive discussion.
“I am glad that we have reached full understanding and our turbo-mode has been praised by the IMF. I am grateful to the Parliament, the Government and our entire team for their tireless work for the sake of Ukraine. The new program of cooperation with the International Monetary Fund aims to accelerate economic growth, actively eradicate corruption and improve well-being of every Ukrainian,” the president’s press service quoted Zelensky as saying.
The head of state said that Ukraine is not satisfied with the current rate of economic growth, therefore, in order to accelerate economic growth, “we, together with our international partners, will continue reforms to catch up with our neighbors in terms of economic development and prosperity.”
According to the press service, Georgieva said that she commended the extraordinary progress that Zelensky and his government have made over the past few months in promoting reforms and continuing reasonable economic policy.
“I assured the President of the IMF’s readiness to support the political plan of the government for macroeconomic stability and boosting the economy to higher, sustainable and comprehensive growth, among other things, with new IMF support. IMF staff has reached an agreement with the authorities on a policy of supporting a new three-year arrangement in the amount of four billion Special Drawing Rights (SDRs) within the IMF Extended Fund Facility,” Georgieva said.
According to a statement of Georgieva on the website of the IMF, this agreement is subject to IMF management approval and to approval by the Executive Board.
“I was pleased to note that IMF staff has reached agreement with the authorities on the policies to underpin a new 3-year, SDR 4 billion (about $5.5 billion) arrangement under the Extended Fund Facility. This agreement is subject to IMF management approval and to approval by the Executive Board, and effectiveness of the arrangement will be conditional on the implementation of a set of prior actions,” she said.
She said that the Ukrainian President and she agreed that Ukraine’s economic success depends crucially on strengthening the rule of law, enhancing the integrity of the judiciary, and reducing the role of vested interests in the economy, and that it is paramount to safeguard the gains made in cleaning up the banking system and recover the large costs to the taxpayers from bank resolutions.
