Business news from Ukraine

MACRO MONTHLY SUMMARY, MAIN STATISTICS OF UKRAINE IN JAN, 2019

Capital investments in Ukraine for 2018 increased by 16.4%, while for 2017 by 22.1%, the State Statistics Service has said.
Ukraine’s real gross domestic product (GDP) in the fourth quarter (Q4) of 2018 increased by 3.4% compared to the same period of 2017, while it grew by 2.8% in the third quarter, by 3.8% in the second quarter, and by 3.1% in the first quarter, the State Statistics Service of Ukraine said.
The Economic Development and Trade Ministry of Ukraine expects that the country’s economy will grow by 3.8% in 2020 and by 4.1% in 2021.
Ukraine’s Economic Development and Trade Ministry has promptly assessed growth of the country’s GDP at 3.2%, Ukrainian Prime Minister Volodymyr Groysman said at a government meeting.
The indicator of economic sentiment in Ukraine calculated by the State Statistics Service in the first quarter of 2019 was 106.3% compared with 104% and 106.1% respectively in the fourth and first quarters of 2018.
The deficit of Ukraine’s foreign trade in 2018 was estimated at $5.83 billion, which was 2.3 times more than the indicator in 2017, the State Statistics Service reported.
The deficit of Ukraine’s foreign trade in goods in 2018 grew by 54.5% compared with 2017, to $9.801 billion (to $6.343 billion in 2017), the State Statistics Service said.
The surplus of Ukraine’s foreign trade in services in 2018 increased by 15.5% from 2017, to $6.049 billion ($5.238 billion in 2017), the State Statistics Service reported.
Ukraine in 2018 expanded geography of export of goods and increased the number of companies, which were authorized to export food of animal origin, according to a report of the State Service for Food Safety and Consumers’ Protection.
Inflation in Ukraine in January 2019 was 1% against 0.8% in December 2018, the State Statistics Service of Ukraine said.
Industrial producers’ prices in Ukraine in January 2019 increased by 1% after a decline in December 2018 by 0.4% and an increase in November by 1.7%, in October by 0.3% and September by 1.2%, the State Statistics Service.
The deficit of the national budget of Ukraine in January 2019 amounted to UAH 11.93 billion, in particular the general fund deficit was UAH 18.2 billion with the target being UAH 15.82 billion, according to the State Treasury Service.
Revenue of Ukraine’s national budget in January 2019 totaled UAH 54.49 billion, which is UAH 6.56 billion or 10.8% less than the target for the period, and UAH 700 million or 1.3% less than in January 2018.
The assets of the National Bank of Ukraine (NBU) in 2018 increased by 2.4% and amounted to UAH 1.051 trillion, the corresponding financial indicators were published by the central bank in the Holos Ukrainy newspaper.
The National Bank of Ukraine (NBU) has reviewed downwards the assessment of growth of real GDP of the country in 2018 to 3.3% from 3.4%, according to a posting on the website of the central bank.
The aggregate state (direct) and state-guaranteed debt of Ukraine in January 2019 decreased by 0.09%, or $ 70million, compared to December 2018, to $78.25 billion, the Ministry of Finance has reported.
The ratio of the state debt and the gross domestic product (GDP) of Ukraine in 2018 fell to 60.9% from 68% in 2017, according to a presentation of the Economic Development and Trade Ministry of Ukraine.
Ukraine’s international reserves did not change in January 2019 and remained at the level of $20.82 billion in the equivalent, according to the website of the National Bank of Ukraine (NBU).
The surplus of Ukraine’s balance of payment in 2018 grew by 12.1% compared with the previous year, to $2.88 billion, according to preliminary data published by the National Bank of Ukraine (NBU).
Industrial production in Ukraine in January 2019 decreased by 3.3% compared with January 2018, whereas in January last year its growth by 4.3% was recorded, the State Statistics Service has reported.
The volume of sold industrial products (goods, services) in 2018 stood at UAH 2.507 trillion, which is 16.5% more than in 2017, in particular the volume sold abroad was worth UAH 681.927 billion, the State Statistics Service has reported.
Transport enterprises of Ukraine in January 2019 increased cargo transportation by 4.8% compared to January 2018, to 51.5 million tonnes. The transport companies of Ukraine in January 2019 reduced passenger traffic by 6.5% compared with January 2018, to 342.9 million people, the State Statistics Service has reported.
The volume of construction work performed in Ukraine in January 2019 increased by 6.2% compared with January 2018, while the indicator in December 2018 compared with December 2017 fell by 8.8%, according to statistics.
Retail trade turnover in Ukraine in comparable prices in January 2019 increased by 6.3% compared to January 2018, the State Statistics Service has reported.

,

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

The presidential election campaign started in Ukraine on Monday, December 31, and will last for 90 days.
The World Bank has reviewed downwards its forecast for Ukraine’s GDP growth in 2019 from 3.5% to 2.9%, according to the Global Economic Prospects (GEP). Ukrainian businesses predict further economic growth and the creation of new jobs in 2019 for the second year in a row, according to a survey of company heads conducted by the National Bank of Ukraine (NBU) in the fourth quarter of 2018.
The minimum wage in Ukraine in 2019 is UAH 4,173. Real wages in Ukraine in December 2018 increased by 9.7% compared to December 2017 and by 14.5% compared to November 2018, the State Statistics Service said.
The deficit of Ukraine’s foreign trade in goods in January-November 2018 increased by 66.6% compared with January-November 2017 and amounted to $8.866 billion, the State Statistics Service has reported.
The growth of consumer prices in Ukraine in 2018 slowed to 9.8% compared with 13.7% in 2017, the State Statistics Service of Ukraine has reported.
The National Bank of Ukraine (NBU) intends to revise the forecast for inflation in the current year upwards.
The revenues of the national budget of Ukraine in 2018 amounted to UAH 928.139 billion and exceeded the target by 1.1%, Finance Minister Oksana Markarova has said, commenting on the information on the website of the State Treasury Service that state budget revenues were 1.3.% or UAH 11.77 billion less than the planned figure.
The revenues of the national budget of Ukraine in 2018 amounted to UAH 928.14 billion, which is UAH 11.77 billion, or 1.3% less than the target, the State Treasury Service of Ukraine reported on its website. Tax payments to local budgets in 2018 grew by 21.6% compared with 2017, to UAH 230.5 billion, the State Fiscal Service of Ukraine has reported.
The surplus of the balance of payment in November 2018 was $1.321 billion, according to a posting on the website of the National Bank of Ukraine (NBU).
Industrial production in Ukraine in 2018 increased by 1.1% compared with 2017, while in December 2018 from December 2017 the decline was 3.5%, the State Statistics Service has reported.
The volume of sold industrial products (goods, services) in January-November 2018 stood at UAH 2.262 trillion, which is 17.4% more than in January-November 2017, in particular the volume sold abroad was worth UAH 88.841 billion, the State Statistics Service has reported.
Industrial prices in Ukraine in December 2018 decreased by 0.4% after growth in November by 1.7%, in October by 0.3%, in September by 1.2%, in August by 1.3%, the State Statistics Service has said.
Ukrainian agricultural exports to the EU country in January-November 2018 grew by 6.9% year-over-year, to $5.6 billion.
The transport companies of Ukraine in January-December 2018 reduced passenger traffic by 3.5% compared with 2017, to 4.5 billion people, the State Statistics Service has reported. The transport enterprises of Ukraine in January-December 2018 reduced carriage of goods by 2% from January-December 2017, to 624.1 million tonnes.
The volume of construction work performed in Ukraine in 2018 increased by 4.4% compared with 2017, while growth in 2017 compared with 2016 was 26.3%, according to reviewed statistics.
Retail trade turnover in Ukraine in 2018 in comparable prices increased by 6.1% compared with 2017, the State Statistics Service has reported.

,

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.

, ,

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.

, ,

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

The World Bank has lowered its forecast for growth of Ukraine’s gross domestic product (GDP) in 2018 to 3.3% from 3.5%, Lead Economist and Program Leader covering Belarus, Moldova and Ukraine at the World Bank Faruk Khan said.
The International Monetary Fund (IMF) in the October 2018 World Economic Outlook (WEO) lowered its estimate for the growth in Ukraine’s gross domestic product (GDP) in 2019 to 2.7% from 3.3% projected in April.
The Board of Directors of the International Monetary Fund (IMF) is ready to approve a new program to support the economic policy of Ukraine, a Stand-By Arrangement, only after the final review of heating tariffs in accordance with the increase in gas prices.
Ukraine’s Verkhovna Rada has approved a resolution on the conclusions and proposals to a bill on the national budget for 2019 drawn up by the parliamentary budget committee, which means the adoption of the draft national budget at first reading.
The deficit of Ukraine’s foreign trade in goods in January-August 2018 increased by 45.7% compared to January-July 2017, to $5.004 billion (it was $3.434 billion in January-August 2017.
Inflationary pressure remains high, despite the weakening of the food inflation, the National Bank of Ukraine (NBU) has said, commenting on the September inflation figure on its website.
Consumer prices in Ukraine after a decline by 0.7% in July and stability in August grew by 1.9% in September, and since early 2018 their growth was 5.6%, the State Statistics Service has reported.
The surplus of the national budget of Ukraine in January-September 2018 amounted to UAH 7.329 billion.
The National Bank of Ukraine (NBU) has reviewed upwards growth of consumer prices in 2018 to 10.1% from 8.9%, taking into account the fact that large inflation pressure remains and the regulated prices are increased, the central bank has reported on its website.
The World Bank has improved its forecast for Ukraine’s state and guaranteed debt in 2018 to 67.2% from 75.1% of GDP, in 2019 – from 73.5% to 64.8% of GDP, and in 2020 – from 68.4% to 62.4% of GDP, the World Bank said in its latest Ukraine Economic Update.
The aggregate state (direct) and state-guaranteed debt of Ukraine in September 2018 decreased by 0.25%, or by $0.19 billion, to $74.66 billion, according to the website of the Ministry of Finance.
The international reserves of Ukraine in September 2018 decreased by 3.5% and as of October 1 amounted to $16.638 billion, the corresponding preliminary data have been posted on the website of the National Bank of Ukraine (NBU).
The balance of payment in August has a surplus of $27 million, the National Bank of Ukraine (NBU) has reported.
Industrial production in Ukraine in September 2018 decreased by 1.3% compared to September 2017, while in August it fell by 0.5% compared to August 2017, in July the growth was 2.9%, in June this figure was 2.2%, and in May some 2.5%, the State Statistics Service has said.
Retail trade turnover in Ukraine in January-September 2018 increased by 5.5% in comparable prices in comparison with January-September 2017, the State Statistics Service has said.
Ukrainians in September were optimistic about the country’s economic development over the next year – the respective index grew by 10 points compared with the August figure, to 62.6, and consumer confidence improved by 2.3 points.

, ,

MACRO MONTHLY SUMMARY – MAIN STATISTICS OF UKRAINE IN AUGUST 2018

Ukraine’s GDP in 2018 is expected to grow by 3.1% amid 9.5% inflation (Dec over Dec) and the growth is expected to slightly slow in 2019 to 3.0% amid 7.4% inflation, according to an updated consensus forecast released by Ukraine’s Ministry of Economic Development and Trade.
The growth of Ukraine’s gross domestic product (GDP) in April-June 2018 was 3.8% compared to the same period in 2017, whereas according to the preliminary assessment of the State Statistics Service, published in mid-August, this indicator was 3.6%.
The deficit of Ukraine’s foreign trade in goods in January-July 2018 increased by 42.7% compared to January-July 2017, to $4.064 billion (it was $2.848 billion in January-July 2017), the State Statistics Service of Ukraine said.
Revenue of Ukraine’s national budget in August 2018 amounted to UAH 93.96 billion, which was UAH 2.79 billion, or 2.9% less than the planned figure, the State Treasury Service of Ukraine reported.
Income from profit tax to the general fund of the national budget in January-August 2018 exceeded the planned figure by 20.2% and amounted to UAH 72.5 billion, the State Fiscal Service has reported.
Money supply in Ukraine in August 2018 grew by 0.3%, to UAH 1.233 trillion, such preliminary data of monetary statistics are posted on the website of the National Bank of Ukraine (NBU).
The gross foreign debt of Ukraine as of the beginning of July 2018 was $113.751 billion, which is 1.47% or $1.7 billion less than at the beginning of the year, according to the website of the National Bank of Ukraine (NBU).
Ukraine’s gross external debt in the second quarter of 2018 declined by $1.4 billion, or 1.2%, to $113.8 billion, and stands at about 93.6% of GDP, the National Bank of Ukraine (NBU) said, based on its preliminary estimates of GDP.
The international reserves of Ukraine in August 2018 decreased by 2.9% and amounted to the equivalent of $17.232 billion by September 1.
Industrial production in Ukraine in August 2018 decreased by 0.5% compared to August 2017, while in July the growth was 2.9% compared to July 2017, in June this figure was 2.2%, in May some 2.5%, in April some 3%, the State Statistics Service has said.
Retail trade turnover in Ukraine in January-August 2018 increased by 5.4% in comparable prices in comparison with January-August 2017, the State Statistics Service has said.
Consumer prices in Ukraine, after the decrease by 0.7% in July, in August remained unchanged, while since the beginning of the year their growth was 3.6%, the State Statistics Service of Ukraine has reported.

,