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Today’s News

Thursday, January 20

Bankers expect the NBU to raise rates to 9.5%. According to most bankers interviewed by Interfax-Ukraine, on January 20, the National Bank of Ukraine (NBU) might increase the discount rate by 50 basis points (bp) to 9.5% per annum. “Increased fundamental inf...

Wednesday, January 19

Antony Blinken heads to Ukraine and Germany. During his visit to Kyiv, the US Secretary of State...

Tuesday, January 18

Gazprom refused to book additional gas through Ukraine and Poland. During the February session...

Monday, January 17

The Ukrainian government was targeted in a cyberattack on Friday. Hackers targeted the...

Friday, January 14

The Ukrainian satellite “Sich-2-30” was launched yesterday. On Thursday, January 13, the...

Morning Economic Digest

Straight, factual, timely and investable business news and economic trends from Ukraine, Europe’s next Frontier Economy.

Today’s News

Thursday, January 20

Ukrainian Eurobonds are recovering from a sharp fall. On Wednesday, January 19, quotations of Ukrainian foreign government bonds resumed growth after several days of significant decline, reported epravda. Thus, quotes for all issues of Ukrainian Eurobond...

The US will provide an additional $300M for Ukraine in 2022. The United States will continue to support Ukraine and provide an additional $300M in 2022, told US Secretary of State Antony Blinken during his visit to Kyiv. “We will continue to support defen...

The EU may radically change its approach to nuclear energy soon. This will be possible with the draft approval for the Additional Delegated Law on Taxonomy, which will give nuclear energy and natural gas the status of “environmentally sustainable”. The ...

Gas prices force glass producers to shut down production. Recently, three glass manufacturers have stopped production completely, and the rest have entered the stage of production downtime to prevent the complete shutdown of furnaces. The reason is that gas...

Ukravtodor will attract state guarantees for UAH 20B. The Cabinet of Ministers has allowed the state road agency Ukravtodor to secure loans under state guarantees of up to UAH 20B ($714M) with a loan term of 15 years. In total, Ukravtodor plans to raise ...

Unit Capital Management fund will issue shares for UAH 492.5 M. Venture capital investment fund ” UFuture Venture ” owned by Vasyl Khmelnytsky and the High-Tech Park investment fund owned by Igor Kryvetsky registered shares with the National Securities...

Egg production in Ukraine decreased by 13%. In 2021, egg production in Ukraine decreased by 13.0% compared to 2020, to 14.06B eggs, announced ukrstat.gov. Agricultural enterprises delivered 6.98B eggs (21.7% less), households – 7.08B (2.4...

Milk production in Ukraine decreased by 5.9%. In 2021, Ukraine produced 8.72M tons of milk (5.9% less than in 2020), announced ukrstat.gov. Agricultural enterprises delivered 2.75M tons of milk (0.4% less), and households – 5.97 million to...

In 2021, Ukraine increased beef imports by 34% and exports by 11%. According to 2021 results, the Ukrainian meat market increased beef imports to 2.78 thousand tons, 34% more than in 2020. The most significant amount of frozen meat was supplied to Ukraine – 1.9...

In 2021, Ukroboronprom received over $1B from FEA. Revenues from foreign economic activity (FEA) of all Ukroboronprom enterprises in 2021 amounted to $1.1B, which is $127.6M more than in 2020. It is noted that $608.4M was received from special projec...

The Cabinet of Ministers approved the procedure for land conservation. On January 19, the Cabinet of Ministers approved the policy to preserve degraded, unproductive, and artificially contaminated lands, the economic use of which is environmentally unsafe. “Current...

A Portuguese company plans to build a building materials plant in Vinnytsia. The Portuguese company TISIES (TCS) has confirmed its intention to set up a building materials plant in Vinnytsia, with a planned investment of €33M. The area of the plant’s production faciliti...

More than 3,000 land auctions have been announced at Prozorro. Sales. Currently, 1,975 auctions for land lease and 1,035 for its alienation have already been announced. The total area of the land plots offered for lease is 14,537 hectares, and their value reaches UAH...

Tuesday, January 18

Gazprom refused to book additional gas through Ukraine and Poland. During the February session for reserving gas transportation capacity, Gazprom did not select the capacity of the Polish section of the Yamal-Europe gas pipeline and additional transit capacity throug...

Germany plans to open a hydrogen diplomacy bureau in Ukraine. This was stated by the Minister of Foreign Affairs of Germany, Annalena Baerbock, during a joint press conference with her Ukrainian counterpart Dmytro Kuleba in Kyiv. According to her, Germany will s...

The EU and the US have abandoned the sanction option of disconnecting Russia from SWIFT, the Handelsblatt newspaper reported on Monday. According to the publication, the possibility of disconnecting Russian banks from SWIFT was too painful for the initiators of possible new sanctions. Thu...

After returning from a diplomatic tour, Ex-president Poroshenko appeared in court. On January 6, the Pechersk District Court of Kyiv considered the prosecutor’s request and decided to seize Poroshenko’s property, which belongs to him on the right of ownership according t...

Kyiv customs in 2021 increased the cash flow to the state budget by 20%. In 2021, entrepreneurs during the conduct of foreign economic operations in Kyiv customs paid to the State Budget of Ukraine UAH 138.4B ($4.9B) in customs payments. According to the State Customs S...

ArcelorMittal paid UAH 14.6B in taxes and fees last year. In 2021, PJSC ArcelorMittal Kryvyi Rih (AMKR) paid UAH 14.6B ($521M) in taxes and fees to all levels of the budget, which is 2.3 times more than the total amount of tax payments for 2020 (UAH 6.4B). ...

PrivatBank reduced the POS-terminals fee to 1.8%. From January 15, the state-owned PrivatBank has set a single basic fee for business customers for acquiring services at outlets (acceptance of payments by bank cards) of 1.8%. According to the press ...

The Hryvnia has been weakening against the dollar since the beginning of the year. The hryvnia continues to lose its position under the pressure of growing demand for currency from investors and non-residents and may weaken to UAH 28.2-28.3 / USD. The foreign exchange market is now ...

The government websites affected by the cyber-attack are already working. By Friday night, almost all sites affected by the cyber-attack on state information resources had resumed operations, announced the Ministry of Internal Affairs. The investigation and work on the rest...

The EU has lifted restrictions on imports of poultry products. On January 17, the European Union lifted restrictions on the imports of poultry products from Ukraine, which were in force since December 2020 due to bird flu. Earlier the EU recognized the zoning pr...

More than 70% of Ukrainian companies plan to raise wages in 2022. Most managers of Ukrainian companies (70.3%) plan to increase employee compensations in the next 12 months. Another 28.1% predict that salaries will remain at the current level, and only 1.6% plan to...

Salaries of Ukrainian IT specialists increased by one third. The median salary of IT professionals rose to $3,300 (after tax) per month as of December 2021 against $2,500 in December 2020 (up 32%), reported dev.ua. In particular, the salary of a system archite...

American chipmaker Qualcomm is buying a Ukrainian startup. Qualcomm, a manufacturer of chips, software, and IT services, purchased the Ukrainian startup Augmented Pixels, reported ain.ua. The publication suggests that Augmented Pixels’ technology and ...

French neobank enters Ukraine. French fintech company Qonto is hiring employees in Ukraine and has announced the opening of a local office for development, however, the company is not launching services yet, reportedain.ua. Qonto...

Monday, January 17

The Ukrainian government was targeted in a cyberattack on Friday. Hackers targeted the Ukrainian government with threatening text warning Ukrainians to “be afraid and wait for the worst” and alleging their personal information has been hacked. Ukraine c...

White House Offers Support to Ukraine Following Cyberattack. On Friday, the White House reached out to Ukraine to offer its support after several Kyiv government agencies suffered a cyberattack as tensions simmered between Russia and Ukraine. A White House Nat...

Highlights of Volodymyr Zelensky’s meeting with President of Azerbaijan Ilham Aliyev . The Ukrainian and Azerbaijani presidents discussed several future collaborations and signed several bilateral documents. Ukraine and Azerbaijan agreed to intensify cooperation in the field of intern...

Canadian foreign minister to visit Ukraine. According to Reuters, Canadian Foreign Minister Melanie Joly will visit Kyiv this week to reaffirm support for Ukrainian sovereignty and reinforce efforts to deter “aggressive actions” by ...

Gas prices in Europe again reach $1,100 per thousand cubic meters. According to ICE, at the opening of the auction, gas prices in Europe rose by 11% and exceeded the mark of $1,100 per thousand cubic meters, according to ICE. On Friday morning, the cost of a thousand...

Ukraine to gain a new green hydrogen production project. According to the MCL Group, Ukraine is set to gain a new green hydrogen production project being developed that will enable the production of hydrogen directly on consumer sites. The logistical costs...

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