Ukraine’s economy probably contracted by 5% Jan-April,

Friday, June 5, 2020
Ukraine’s economy probably contracted by 5% Jan-April,

Ukraine’s economy probably contracted by 5% Jan-April, compared to the first four months of last year, estimates the Economic Development and Trade Ministry. The new state budget, revised at the start of the lockdown, is based on a 3.9% contraction for the year. Yesterday, Prime Minister Shmygal presented in the Rada a plan designed to stimulate a V-shaped recovery in the second half of this year.

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Peter Teluk, most recently advisor on investment, privatization and governance to the Economy Minister, joins Sayenko Kharenko as partner.

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The Rada voted Friday to allow money from the $2.4 billion coronavirus fund to be used to pave roads.

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