Business news from Ukraine

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

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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MACRO MONTHLY SUMMARY – MAIN STATISTICS OF UKRAINE IN OCTOBER, 2018

The pace of the Ukrainian economy lags behind the potential pace in the conditions of faster growth of GDP of European developing countries, Resident Representative of the International Monetary Fund (IMF) in Ukraine Goesta Ljungman has said.
Capital investments in Ukraine in January-September 2018 increased by 19.9%, while in January-September 2017 by 20.7%, the State Statistics Service has reported.
The National Bank of Ukraine (NBU) predicts a slowdown in economic growth in Ukraine in the third quarter of 2018 compared to the same period of 2017 to 3.1% from 3.8% in the second quarter.
The growth of Ukraine’s gross domestic product (GDP) in the third quarter of 2018 was 2.8% compared to the same period of 2017, while in the second quarter it was 3.8%, in the first quarter some 3.1%, such assessment has been posted by the State Statistics Service.
Real wages in Ukraine in October 2018 compared with October 2017 increased by 14.2%, compared with September 2018 it increased by 0.2%, the State Statistics Service has reported.
The deficit of Ukraine’s foreign trade in goods in January-September 2018 increased by 61.4% compared to January-September 2017, to $6.47 billion, the State Statistics Service of Ukraine said.
The deficit of Ukraine’s balance of foreign trade in January-September 2018 totaled $3.45 billion, growing 3.1-fold year-over-year, the State Statistics Service reported.
The surplus of Ukraine’s foreign trade in services in January-September 2018 increased by 18.1% compared to the same period in 2017, to $4.632 billion (in January-September 2017 some $3.921 billion), the State Statistics Service has reported.
Consumer prices in Ukraine, after rising by 1.9% in September, rose by another 1.7% in October, and since the beginning of the year their growth reached 7.4%, the State Statistics Service has reported.
Industrial prices in Ukraine in October 2018 increased by 0.3% after rising by 1.2% in September, 1.3% in August and 1.6% in July, the State Statistics Service has reported.
The deficit of the national budget of Ukraine in January-October 2018 was UAH 7.17 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.
The Cabinet of Ministers of Ukraine has submitted the reviewed draft national budget for 2019 to the Verkhovna Rada (bill No. 9000), boosting its revenue by 1.8%, to UAH 1.019 trillion and expenses – by 1.6%, to UAH 1.112 trillion, according to the document posted on the parliaments’ website.
The amount of the first tranche under the new Stand-By Arrangement (SBA) with the International Monetary Fund (IMF) could be $1.5-1.9 billion, First Deputy Governor of the National Bank of Ukraine (NBU) Kateryna Rozhkova has said.
Money supply in Ukraine in October 2018 decreased by 0.4% and amounted to UAH 1.245 trillion, the corresponding preliminary data of monetary statistics have been posted on the website of the National Bank of Ukraine (NBU).
The aggregate state (direct) and state-guaranteed debt of Ukraine in October 2018 decreased by 0.46%, or by $0.34 billion, to $74.32 billion, according to the website of the Ministry of Finance.
The international reserves of Ukraine in October 2018 increased by 0.6% and as of November 1 amounted to $16.737 billion, the corresponding preliminary data have been posted on the website of the National Bank of Ukraine (NBU).
Ending stocks on the single account of the State Treasury Service of Ukraine as of early November 2018 totaled UAH 14.64 billion (a 33% decline), the State Treasury Service reported.
Industrial production in Ukraine in October 2018 resumed growth, increasing by 1.4% compared to October 2017, after two months of the decline being 1.3% in September and 0.5% in August 2017, the State Statistics Service has said.

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MACRO MONTHLY SUMMARY – MAIN STATISTICS OF UKRAINE IN JULY 2018

The growth of Ukraine’s gross domestic product (GDP) in April-June 2018 was 3.6% compared to the same period in 2017, while the growth rate in the first quarter was lower, namely 3.1%, the State Statistics Service of Ukraine said.
The indicator of economic sentiment in Ukraine, calculated by the State Statistics Service, in the third quarter of 2018 was 109.6% compared with 104% and 108.8% respectively in the second and first quarters of this year.
The negative balance of Ukraine’s foreign trade in goods in January-June 2018 increased by 33% compared to January-June 2017, to $2.658 billion (it was $2 billion in January-June 2017), the State Statistics Service of Ukraine said.
The deficit of Ukraine’s foreign trade in goods and services in the first half of 2018 was $653 million, which was 13.4 times higher than in the first half of 2017, the State Statistics Service said.
The surplus of Ukraine’s foreign trade in services in the first half of 2018 increased by 6% compared to the same period in 2017, to $2.826 billion (in the first half of 2017 some $2.658 billion), the State Statistics Service has said.
Consumer prices in Ukraine fell by 0.7% in July, while since the beginning of the year their growth was 3.6%, the State Statistics Service of Ukraine has reported.
Revenue of Ukraine’s national budget in July 2018 totaled UAH 64.46 billion, which is 0.1% more than the target, according to a Wednesday posting on the website of the State Treasury Service of Ukraine.
Money supply in Ukraine in July 2018 increased by 1.3%, to UAH 1.229 trillion, such preliminary data of monetary statistics are posted on the website of the National Bank of Ukraine (NBU).
The government of Ukraine has revised the medium-term strategy of public debt management by setting more ambitious goals to reduce direct state debt in relation to GDP, in particular, to 60% of GDP by the end of the current year, instead of the previously planned 62% of GDP.
Industrial production in Ukraine in July 2018 increased by 2.9% compared to July 2017, while in June this figure stood at 2.2%, in May at 2.5%, in April at 3%, the State Statistics Service has said.
The transport enterprises of Ukraine in January-July 2018 reduced transportation of goods by 1% compared to January-July 2017, to 356.3 million tonnes.
Transport companies in Ukraine in January-July 2018 decreased passenger transportation by 1.9% compared to January-July 2017, to 2.636 billion people.
The volume of completed construction works in Ukraine in July 2018 increased by 9.7% compared to July 2017, whereas growth in June 2018 from June 2017 was 2.2%.
Ukraine’s retail trade in January-July 2018 grew by 6% in comparable prices from January-July 2017, to UAH 505.763 billion, the State Statistics Service reported.

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MACRO MONTHLY SUMMARY – MAIN STATISTICS OF UKRAINE IN MARCH 2018

The International Monetary Fund (IMF) has retained its forecast for Ukraine’s GDP growth in 2018 at 3.2%, while it reviewed downwards the forecast for 2019 to 3.3% from 4%, according to the World Economic Outlook. The Parliament has ratified a guarantee agreement between Ukraine and the World Bank for a loan of $150 million. The World Bank has kept the forecast for Ukraine’s GDP growth in 2018 at 3.5%, Lead Economist and Program Leader covering Belarus, Moldova and Ukraine Faruk Khan said.
Ukraine’s GDP growth in 2018 is expected at 3.2% with inflation (December on December) of 9.7%, and next year it would slightly slow to 3.1% and accelerate in 2020 to 3.3%, according to the updated consensus forecast published by the Economic Development and Trade Ministry.
The deficit of Ukraine’s foreign trade in goods in February 2018 amounted to $457 million, while in January 2018 it was $284.1 million, the State Statistics Service has said.
Inflation in Ukraine in 2018 could again be larger than the National Bank of Ukraine (NBU) expected along with the expected increase in expenses on salaries, World Bank Economist for Ukraine, Belarus and Moldova Anastasia Golovach said in Kyiv.
Prices in the industry of Ukraine in March 2018 increased by 0.3%, while in February their growth was 1.2%, in January 4.4%, the State Statistics Service has reported.
The growth of consumer prices in Ukraine in March 2018 was 1.1% compared to 0.9% in February and 1.5% in January, the State Statistics Service of Ukraine reported.
The revenues of the national budget of Ukraine for the three months of 2018 amounted to UAH 193.567 billion, which is UAH 6.185 billion or 3.1% less than the target, the State Treasury Service of Ukraine reported on its website.
The growth of real GDP of Ukraine in the first quarter of 2018 in annual terms (quarter-over-quarter) was 2.3%, according to the assessments of the National Bank of Ukraine (NBU).
Industrial production in Ukraine in March 2018 grew by 1% compared to March 2017, while in February this figure was 1.9%, in January 3.6%, the State Statistics Service has said.
The volume of sold industrial products (goods, services) in January and February 2018 stood at UAH 402.975 billion, which is 16.3% more than in January and February 2017, in particular the volume sold abroad was worth UAH 108.704 billion (a decrease of 26.48%), the State Statistics Service has reported.
Ukraine’s retail trade turnover grew by 7.6% in comparable prices in January-March 2018 (Q1) year-over-year, the State Statistics Service said.
Consumer confidence index in Ukraine is growing for the fifth consecutive quarter: in Q4 2017 it reached 61 points, which is 3 points more than in Q3 2017 and 9 points more than in Q4 2016, according to the Nielsen global consumer confidence report.

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