Ukraine’s banks managed to avoid the worst of the coronacrisis and found their business largely unaffected by the events of the last year.
Ukraine’s current account surplus grew to $723mn in May, up from the $443mn the country earned in April, due to a trade surplus swollen by strong exports and high commodity prices.
As the world starts to emerge from the Coronacrisis, economists on an EBRD panel warned over rising inflation, debt and the uneven recovery from the crisis, with emerging markets and developing economies lagging behind their richer peers.
Over the past week, the Ukrainian Parliament pushed through several pieces of legislation in the final reading, while also approving the second reading of other bills.
Hydro needs new investment to replace elderly infrastructure and accelerate the road to net zero, the IEA says.
Since its independence in 1991, Ukraine has been largely limited in its capability to defend itself, partly through poor decisions made by Ukraine and partly due to limits placed on Ukraine by its Western partners. Turkish drones have changed that.
After a decade of delays, millions of Ukrainians who own 32mn hectares of land will be allowed to sell it for the first time on a newly created land market that goes into effect on July 1.
Emerging market economies in Europe, the Middle East and Africa (EMEA) are recovering faster than previously expected from the coronavirus (COVID-19) pandemic, but that has come with higher inflation.
EBRD says recovery from the coronacrisis is progressing faster than expected, but many emerging Europe economies won’t return to 2019 levels of GDP until 2022.
The cash-strapped government of Ukraine has kept out of the international condemnation of China’s treatment of the Uighur and the latest round of sanctions on Belarus because of its trade dependency on both countries.
The National Bank of Ukraine's (NBU) clean-up of the banking sector and prudent monetary policy have been some of the outstanding successes of Ukraine’s reform programme.
Ukraine’s industrial output increased 5.4% y/y in May, slowing from 13.0% y/y growth in April, the State Statistics Service reported.
The cost of joining the global movement towards net zero is not yet fully known, and both governments and corporations with the highest levels of both greenhouse gas emissions and energy intensity face the highest costs for carbon.
Ukrainian retail sales increased 14.3% y/y in 5M21, accelerating from 14.0% y/y growth in 4M21, Ukraine’s State Statistics Service reported on June 22.
162 GW, or 62%, of new renewable capacity was cheaper than new fossil fuel-fired generation in 2020
Ukraine’s real GDP plunged 2.2% y/y in 1Q21, the State Statistics Service reported on June 22, worsening its preliminary estimate of -2.0% y/y. The economy declined 1.2% q/q seasonally adjusted.
The Council of the National Bank of Ukraine has sacked well-respected Deputy Governor Dmytro Sologub, who as part of the previous management team oversaw a comprehensive clean-up of Ukraine’s banking sector.
The economies of Central and Eastern Europe (CEE) are bouncing back from the pandemic recession but this will also stimulate inflation, posing a dilemma for central banks.
The government in Ukraine has imposed sanctions on oligarch Dmytro Firtash for selling titanium to Russian defence sector enterprises at a time when Ukraine was de facto at war with its north-eastern neighbour.
The European Union has agreed on a broad package of sanctions on Belarus that target the latter's key sectors, including sanctions on the financial sector, and overcoming objections from Austria.