Business news from Ukraine

MACRO MONTHLY SUMMARY – MAIN STATISTICS OF UKRAINE IN JUNE 2018

The growth of Ukraine’s gross domestic product (GDP) in the second quarter of 2018 slightly accelerated, to 3.2% from 3.1% in the first quarter, the National Bank of Ukraine said.
The National Bank of Ukraine (NBU) has worsened expectations as of the growth of the Ukrainian economy in 2019 and predicts a slowdown to 2.5%.
Ukraine’s Cabinet of Ministers has approved a list of another 288 investment programs and projects for regional development to the tune of over UAH 1.8 billion, which will be financed by the State Fund for Regional Development in 2018.
The amount of money transfers from abroad to Ukraine in the first quarter of 2018 increased by 34.2% compared to the first quarter of 2017, to $2.614 billion, or 10.2% of gross domestic product (GDP.
The total amount of wage arrears in Ukraine in May 2018 increased by 3.5%, and as of June 1, 2018 amounted to UAH 2.561 billion. Real wages in Ukraine in May 2018 compared to April increased by 2.9%, compared to 2018 May 2017 by 14.1%.
The deficit of Ukraine’s foreign trade in goods in January-May 2018 increased by 1.4 times compared with January-May 2017 and amounted to $2.055 billion.
Consumer prices in Ukraine in June 2018 remained zero for the second consecutive month, their growth since the beginning of the year was 4.4%, the State.
The National Bank of Ukraine (NBU) has left unchanged the forecast for inflation at the end of 2018 at 8.9%.
Revenue of Ukraine’s national budget in the first half of 2018 amounted to UAH 463.18 billion, lagging behind the planned figures by 3.1% (against 0.6% below the target in the first five months and 1.8% in the first four months).
The assets of the National Bank of Ukraine (NBU) as of July 1, 2018, amounted to UAH 942.724 billion, which was 8.2% less than at the beginning of the year.
Money supply in Ukraine increased by 1% in June 2018, to UAH 1.210 trillion, according to a preliminary statistics report by the National Bank of Ukraine (NBU) released on its website.
Ukraine’s international reserves in June 2018 shrank by 1.1%, to $17.978 billion.
Industrial production in Ukraine in June 2018 increased by 2.2% compared to June 2017, while in May this figure was 2.5%, in April 3%.
Ukraine’s retail trade in January-June 2018 increased by 6.2% in comparable prices compared to January-June 2017.

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MACRO MONTHLY SUMMARY – MAIN STATISTICS OF UKRAINE IN MAY 2018

Growth of Ukraine’s GDP in January-March 2018 was 3.1% year-over-year.
The European Parliament (EP) on June 13 voted in favor of the third Macro-Financial Assistance (MFA) programme for Ukraine foreseeing the provision of EUR 1 billion to Ukraine.
The deficit of Ukraine’s foreign trade with goods in January-April 2018 grew 1.5-fold year-over-year, reaching $1.423 billion ($968.6 million in January-April 2017), the State Statistics Service reported.
Industrial prices in Ukraine in May 2018 increased by 0.8% after a zero growth in April, 0.3% in March, 1.2% in February and 4.4% in January.
Consumer prices in Ukraine in May 2018 remained unchanged from the previous month, while inflation was 0.8% in April, 1.1% in March, 0.9% in February and 1.5% in January.
Revenue of Ukraine’s national budget in May 2018 totaled UAH 96.85 billion, which is UAH 2.99 billion or 3.2% more than the target, the State Treasury Service of Ukraine reported on its website.
Largest taxpayers increased payment of taxes to the national budget by 20% or by UAH 21.7 billion in January-May 2018 year-over-year, to UAH 132.2 billion, the Office of Large Taxpayers has said on its website.
Money supply in Ukraine in May 2018 increased by 0.5%, to UAH 1.198 trillion, the relevant preliminary data of monetary statistics have been posted on the website of the National Bank of Ukraine (NBU).
Ukraine’s gross foreign debt amounted to $116.29 billion as of early April 2018, which was 0.25% or $288 million less than at the beginning of the year, the National Bank of Ukraine (NBU) reported on its website.
Cargo turnover of carriers in Ukraine fell by 3%, to 135.1 billion tonne/kilometers in January-May 2018.
Transport companies in Ukraine in January-May 2018 decreased passenger transportation by 1.5% compared to January-May 2017, to 1.909 billion people.
Freight handling at Ukrainian seaports in January-May 2018 totaled 54.3 million tonnes, which is 2.13% less than a year ago, according to data from the Ukrainian Sea Port Authority.
The consumer confidence index of Ukrainians after a two-month positive trend in May this year improved by another 1.5 points, to 62.9 compared with the April indicator, while in annual terms it grew by 4.9 points.
Ukraine’s retail trade turnover in January-May 2018 increased by 6.1% in comparable prices in comparison with January-May 2017.

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