Business news from Ukraine

MACRO MONTHLY SUMMARY, MAIN STATISTICS OF UKRAINE IN NOVEMBER, 2018

9 January , 2019  

Growth of Ukraine’s GDP in July-September 2018 was 2.8% year-over-year, which equals to the preliminary assessment by the State Statistics Service of Ukraine published in the middle of November.
Capital investment in the agricultural and industrial sector in January-September 2018 totaled over UAH 60 billion, including UAH 45 billion in agriculture, which is 38% more than a year ago, Deputy Agricultural Policy and Food Minister of Ukraine Olha Kovaleva said at a press conference.
The International Monetary Fund (IMF) has once again revised its expectations for Ukraine’s GDP growth for the current year, downgrading the forecast to 3.3% from 3.5%.
President of Ukraine Petro Poroshenko said that he had signed the law on the state budget of Ukraine for 2019.
The Verkhovna Rada of Ukraine has adopted as a basis and in general law No. 9369 with technical and legal amendments to the national budget for 2018.
The deficit of Ukraine’s foreign trade in goods in January-October 2018 increased by 66.6% compared with January-October 2017 and amounted to $7.95 billion, the State Statistics Service has reported.
The rise in consumer prices in Ukraine in November 2018 slowed down to 1.4% from 1.7% in October and 1.9% in November and since the beginning of the year has reached 8.9%, the State Statistics Service has reported.
Industrial prices in Ukraine in November 2018 increased by 1.7% after a 0.3% growth in October, 1.2% in September, and 1.3% in August, the State Statistics Service has said.
The national budget of Ukraine for January-November 2018 saw a deficit of UAH 183.6 million, while the ceiling level approved by the law on the national budget is UAH 80.6 billion, the Ministry of Finance has reported.
Ukraine has received the first tranche under the new Stand-By Arrangement (SBA) with the International Monetary Fund (IMF) in the amount of SDR 1 billion (around $1.4 billion), which boosted the country’s forex reserves to $20.1 billion as of December 21, 2018.
The deficit of the national budget of Ukraine in January-October 2018 was UAH 6.17 billion with the ceiling approved in the law on the national budget being UAH 80.6 billion, while in October its surplus was UAH 1.14 billion, the State Treasury Service has said.
Money supply in Ukraine in November 2018 fell by 1.3%, to UAH 1.229 trillion, according to the respective preliminary data of monetary statistics published on the website of the National Bank of Ukraine (NBU).
Ukraine’s gross external debt in the third quarter of 2018 grew by $985 million, or 0.87%, to $114.742 billion, the National Bank of Ukraine (NBU) has said on its website.
Industrial production in Ukraine in November 2018 compared with November 2017 decreased by 0.9% after rising in October by 1.4%, the State Statistics Service has reported.
Ukraine’s Verkhovna Rada has passed a bill amending the national budget for 2018, which cuts the financing of three programs to support agriculture by UAH 2.079 billion, to UAH 4.232 billion.
Customs offices as of December 20, 2018 cleared 6,500 cars with foreign license plates imported into Ukraine since 2015 until the day when the new customs clearance rules took effect in the country, the State Fiscal Service reported on its website.
Retail trade turnover in Ukraine in January-November 2018 in comparable prices increased by 6.2% compared with January-November 2017, the State Statistics Service has reported.

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