Business news from Ukraine

The volume of remittances of labor migrants to Ukraine in June 2020 amounted to $856 million, which is 8.5% less than in June 2019, and 13.9% less than in the pre-quarantine February 2020, according to data on the website of the National Bank of Ukraine (NBU).
According to the report, in the first half of 2020, the volume of private money transfers to the country decreased by 3.8%, to $5.36 billion against the same period last year ($5.58 billion).
According to the NBU, in general, in the first six months of 2020, some $2.16 billion (40.2% of the total number of transfers) was transferred to Ukraine through correspondent accounts of banks, $2.02 billion (37.6%) through informal channels and $1.19 billion (22.1%) through international payment systems.
As reported, the volume of remittances of labor migrants to Ukraine in January amounted to $991 million, in February $994 million, in March $925 million, in April $794 million and in May $805 million.
In general, in 2019, labor migrants transferred $12 billion to Ukraine, according to data from the central bank.