Business news from Ukraine

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.

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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.

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