Ukraine’s real gross domestic product (GDP) in the second quarter of 2021 grew by 5.4% compared to the second quarter of 2020, while falling by 2.2% in the first quarter of this year.
Alfa-Bank (Kyiv) has downgraded the forecast for real GDP growth in Ukraine in 2021 to 3.7% instead of 4.3% in the April forecast and the average annual inflation in 2021 to 9.4% instead of the previously predicted 8.5%.
Oxford Economics has downgraded the forecast for Ukraine’s GDP growth in 2021 to 4% from 4.4% in the July forecast, and the risks of further lockdowns and expectations of tightening fiscal and monetary policy led to a deterioration in the forecast for economic growth in 2022 from 4.2% to 3.5%.
Analysts at Morgan Stanley have downgraded the estimate of Ukraine’s GDP growth in 2021 to 3.4% compared to 4.5%, as previously expected, and predict a 4.2% GDP growth in 2022.
The Kyiv School of Economics (KSE) has worsened its 2021 GDP growth expectations to 3.6% from 4.7% in its April forecast and improved its 2022 GDP growth forecast – 4.4% from 2. 7%, Head of the KSE Center of Macroeconomic Modeling Yuriy Sholomytsky has said.
The deficit of Ukraine’s foreign trade in goods in January-June 2021 narrowed by 12.7% compared to January-June 2020, to $1.327 billion from $1.519 billion, the State Statistics Service reported.
The surplus of Ukraine’s balance of foreign trade in the first half of 2021 fell by 46.3% compared to the first half of last year, to $0.41 billion.
The growth of consumer prices in Ukraine in annual terms in July 2021 accelerated to 10.2% from 9.5% in June, the State Statistics Service has reported.
The deficit of the state budget for 2022 in the bill for the first reading is provided at the level of 3.5% of GDP in accordance with the Budget Declaration for three years, while there is no possibility to revise this indicator for the second reading, Finance Minister of Ukraine Serhiy Marchenko said in interview.
The total public debt of Ukraine in July 2021 increased by 0.48% in U.S. dollars and amounted to $ 92.96 billion, while it decreased by 0.6% in hryvnias, to UAH 2.499 trillion, according to data on the website of the Ministry of Finance.
Industrial production in Ukraine in July 2021 increased by 0.2% compared to July 2020, while in June the growth was 1.1%, in March – 5.4%, and in April – 13%.
Exports of products of the agro-industrial complex of Ukraine decreased by 8.8 p.p., from 44% in January-July 2020 to 35.2% in January-July 2021, while the share of these products in the total imports into the country over the same period – by 0.9 percentage points, to 11.3%, the Ministry of Agrarian Policy and Food reported.
Retail goods turnover in Ukraine in June 2021 year-over-year grew by 13% year-over-year in comparable prices, while in May the figure was 22.7%.
Publisher of “Open4Business”, PhD in Economics, Maksim Urakin
On Tuesday, September 21, at 11.00, the press center of the Interfax-Ukraine news agency will host a roundtable talk entitled “Implementation of customs procedures in accordance with EU practice: what changes may Ukrainian business expect? Practical aspects.” Participants include President of the Ukrainian Chamber of Commerce and Industry Hennadiy Chyzhykov; President of the Ukrainian Exporters Club Yevhenia Lytvynova; international expert of the EU Public Finance Management Support Programe for Ukraine (EU4PFM) on customs issues, former Deputy Chairman of the Customs of the Republic of Lithuania Vytenis Alisauskas; Director of the Department of Customs Policy of the Ministry of Finance of Ukraine Oleksandr Moskalenko; Director of the Department of Implementation of the International Transit System of State Customs Service of Ukraine Serhiy Demchenko; Director of the Department of Customs Audit and Person Registration of the State Customs Service of Ukraine Svitlana Anishchenko; Head of the Directorate for Support of Authorized Economic Operators of the Department for Organization of Customs Control and Customs Clearance of the State Customs Service of Ukraine Andriy Teply; representatives of business associations, media, experts of the Reform Support Team of the Ministry of Finance and State Customs Service. Moderator of the event is its organizer Maksim Urakin. Working languages of the roundtable talk: Ukrainian, Russian, English (8/5a Reitarska Street). The broadcast will be available on the YouTube channel of Interfax-Ukraine. Due to quarantine restrictions, the number of seats in the press center is limited. Admission of journalists requires registration on the spot. Details by phone: (068) 099 1709.
The 11th international squash championship “Zenit Black Sea Open 2021” took place in Odesa. The competition was attended by players from England, Australia, Germany, Wales, Egypt, Romania, the United States, Moldova, Belarus and other countries, as well as sportsmen from Kyiv, Lviv, Kharkiv, Dnipro, Khmelnytsky, Poltava, Kherson, Odesa.
The winner in the PRO category among men (the main category of the tournament) was squash player from Egypt Ahmed Mohamed, and among women in the PRO category the first place was taken by Anastasiya Kostiukova from Ukraine.
The tournament had been held for four days on the courts of the SPORT LIFE fitness center.
The organizers of the tournament, Dmytro Scherbakov and Maksim Urakin, previously stated the need to popularize squash in particular and sports in general through organizing tournaments and attracting Ukrainian business to support sports. The main goal of the tournament, according to the organizers, was to strengthen sports and cultural ties between the countries and sports players, to popularize and develop squash in Ukraine, as well as to improve the skill level of young squash players.
Some 150 participants competed for awards in eight categories. The winners of the competition became:
Men (PRO Category):
First place – Ahmed Mohamed (Egypt);
Second place – Clegg David (Australia);
Third place – Dmytro Scherbakov Jr. (Ukraine).
Women (PRO Category):
First place – Anastasiya Kostiukova (Ukraine);
Second place – Sofiya Zrazhevska (Ukraine);
Third place – Olga Khmelevskaya (Belarus).
Men (Amateurs category):
First place – Oleksiy Alekseyenko (Ukraine);
Second place – Jack Lake (England);
Third place – Yevhen Popko (Ukraine).
Men (Category 40+):
First place – Kostiantyn Rybalchenko (Ukraine);
Second place – Tymofiy Zheludkov (Ukraine);
Third place – Thornton Ben (England).
Men (Category 45+):
First place – Viktor Kovalchuk (Ukraine);
Second place – Oleksandr Kostevych (Ukraine);
Third place – Dmytro Baluta (Ukraine).
Women (Amateurs category):
First place – Olha Zadorozhna (Ukraine);
Second place – Maryana Batrshina (Ukraine);
Third place – Valentyna Khomovska (Ukraine).
Youth tournament (Category BU-15):
First place – Roman Shkarupylo (Ukraine);
Second place – Artem Panchenko (Ukraine);
Third place – Danylo Kuryliak (Ukraine).
Category GU-15:
First place – Anastasiya Krykun (Ukraine);
Second place – Yelyzaveta Suprun (Ukraine);
Third place – Khrystyna Beheba (Ukraine).
Tournament organizers and sponsors:
Zenit Black Sea Open is the largest international squash tournament in the history of independent Ukraine. The scale of the championship is demonstrated both by the number of countries and participants, and by the large number of organizations involved in the preparation and holding of competitions.
The main organizer and fitness partner of the event was traditionally the national chain of fitness centers number one “Sport Life,” as well as the MaxEvents company.
The title sponsor was the SOCAR fuel and energy company.
The championship is sponsored by SOLARIS AGROLUX, Tecnifibre, Reima.
Official beer of the tournament is from TERMOPUB.
Official wine partner is SHABO.
The partner of the party and the hotel of the tournament is Premier Hotel Odesa.
The medical partner of the championship is the Adonis medical group.
The fruit partner is USPA fruit.
The main media partner of the tournament is Interfax-Ukraine.
MAXEVENTS, ODESA, SCHERBAKOV, SHABO, SOCAR, SPORTS, SQUASH, URAKIN, ZENIT_BLACK_SEA_OPEN, АДОНИС
The 11th International Squash Championship “Zenit Black Sea Open 2021” will take place in Odessa from August 19 to August 22, 2021. The venue will be the SPORT LIFE fitness center at 2 Heavenly Hundred Avenue. The competition will be held with the assistance of the Squash Federation.
In four days of the tournament, some 150 participants will compete for awards in eight categories:
Men – PRO, Amateurs, M40+ and M45+,
Women – PRO and Amateurs,
Juniors – boys and girls under the age of 15.
Organizer of the tournament Dmytro Scherbakov said the main goal of the tournament is to strengthen sports ties between countries and athletes in post COVID-19 period, to develop squash in Ukraine, and to increase the skill level of young squash players.
Co-organizer of the Zenit Black Sea Open 2021 tournament Maksym Urakin said that physical culture and sports in our country need the support from both the government and benefactors.
“The government has almost removed from the development of targeted programs of sports support, we thank our partners and businessmen benefactors for their assistance; athletes and sections, and, therefore, sports of the highest achievements, cannot do without the synergy of the government and business,” Urakin said.
Players from England, Australia, Germany, Wales, Egypt, Romania, the United States, Moldova, Belarus, other countries, as well as athletes from Kyiv, Lviv, Kharkiv, Dnipro, Khmelnytsky, Poltava, Kherson and Odesa will participate in the competition.
The tournament is scheduled to open on Thursday, August 19, and the award ceremony will take place on Sunday, August 22, at the five-star Premier Hotel Odesa.
Zenit Black Sea Open is the largest international squash tournament in the history of independent Ukraine. The scale of the championship is demonstrated both by the number of countries and participants, and by the large number of organizations involved in the preparation and holding of competitions.
The main organizer and fitness partner of the event was traditionally the national chain of fitness centers number one “Sport Life,” as well as the MaxEvents company.
The title sponsor was the SOCAR fuel and energy company.
The championship are sponsored by SOLARIS AGROLUX, Tecnifibre, Reima.
Official beer of the tournament is from TERMOPUB.
Official wine partner is SHABO.
The partner of the party and the hotel of the tournament is Premier Hotel Odesa.
The medical partner of the championship is the ADONIS medical group.
The fruit partner is USPA fruit.
The main media partner of the tournament is Interfax-Ukraine.
ADONIS, MAXEVENTS, ODESA, SCHERBAKOV, SHABO, SOCAR, SPORTS, SQUASH, URAKIN, ZENIT_BLACK_SEA_OPEN
Dragon Capital has downgraded the forecast for Ukraine’s GDP growth in 2021 from 5.3% in the February forecast to 4.6%, while it expects the rate of UAH 27.5/$1 at the end of this year and UAH 28/$1 – next year, head of the company Tomas Fiala has said.
The decline in the gross domestic product of Ukraine (GDP) in January-June 2021 due to lockdown restrictions amounted to 0.6 percentage points (p.p.), Deputy Governor of the National Bank of Ukraine (NBU) Yuriy Heletiy has said.
The Ministry of Economy has estimated the growth of Ukraine’s GDP in April-June 2021 at 6%, for January-May – at 0.7%, according to the materials on the ministry’s website.
The National Bank of Ukraine improved its forecast for the current account deficit from 0.8% of GDP to 0.4% of GDP in 2021 and left unchanged the forecast for real GDP growth in 2021 at 3.8%, the regulator said on the website.
The National Bank of Ukraine in the updated Inflation Report published on the website again worsened the estimate of the growth of Ukraine’s gross domestic product (GDP) in the second quarter of 2021 (hereinafter compared to the same period in 2020), to 7.5% from 8.7% in April and from 11.3% in the January report.
The deficit of Ukraine’s foreign trade in goods in January-May 2021 increased by 25.5% compared to January-May 2020, to $ 1.078 billion from $ 859 million.
The negative balance of Ukraine’s foreign trade in goods in January-June 2021 decreased by 8.36%, to $1.25 billion with an increase in exports of almost 30.3%, to $29.97 billion, imports – by 28.4%, to $31.22 billion, according to data from the State Customs Service.
The growth of consumer prices in Ukraine at the end of June 2021 decreased to 0.2% from 1.3% at the end of May. In annual terms, inflation remained at 9.5%.
The National Bank of Ukraine (NBU) expects inflation to rise to 11% in 2021, according to a chart released by the central bank.
Revenues of the state budget of Ukraine in June 2021 amounted to UAH 106.7 billion, which is 15.9% more than the planned figure and 18.7% less than in June 2020, according to data from the State Treasury Service.
The deficit of the general fund of the state budget of Ukraine in June 2021 increased to UAH 18.5 billion, and since the beginning of the year – to UAH 49.8 billion, the Ministry of Finance has said.
The National Bank of Ukraine (NBU) on July 22 will keep the refinancing rate at 7.5% per annum, predict the majority of the bankers surveyed by the Interfax-Ukraine agency.
The total public debt of Ukraine in June 2021 grew by 1.09% in U.S. dollars and amounted to $92.52 billion, while it fell by 0.09% in hryvnias, to UAH 2.514 trillion, according to data on the website of the Ministry of Finance. Industrial production in Ukraine in June 2021 increased by 1.1% compared to June 2020, while in May the growth was 5.4%, and in April – 13%, the State Statistics Service has reported.
The volume of construction work performed in Ukraine in January-June 2021 increased by 0.2% compared to the same period in 2020.
Retail goods turnover in Ukraine in June 2021 year-over-year grew by 13% year-over-year in comparable prices, while in May the figure was 22.7%, the State Statistics Service has reported.
Publisher of “Open4Business”, PhD in Economics, Maksim Urakin
The Macroeconomic Review section has been launched on a monthly basis within the framework of the Experts Club. In the first video, the co-founder of the project, PhD in Economics, Maksim Urakin, analyzed the main macro indicators.
“The goal of our Macroeconomic Review project is to provide the viewer with the key statistics and information in the most convenient form, to do it succinctly and clearly, replacing cumbersome tables and lengthy reasoning with graphic analysis,” research organizer Maksim Urakin said.
In the block on the population of Ukraine, the latest data of the State Statistics Service on the number of residents of our country were presented, a comparison was made between the statistics of state bodies and the indicators of the so-called “electronic census” of January 2020. In addition, the latest data on unemployment and wages in the regions were studied.
In the economic block, the indicators of GDP, the volume of foreign trade, the main trade partners of Ukraine, the national debt, the indicators and sources of investment and industrial production are analyzed.
All data is presented in the form of graphs and diagrams that complement the visual backdrop.
In the future, the Experts Club will analyze and present both the current statistics of Ukraine and compare the latest data with the previous periods, as well as with the indicators of other countries.
In addition, a series of thematic programs are planned, which will be devoted to the state of various sectors of the Ukrainian economy and their characteristics over the period of 30 years of independence.
The full video can be found on the Experts Club YouTube channel at the link:
https://www.youtube.com/watch?v=tCKGn3uGR_Y
You can subscribe to the Experts Club channel here.
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