centralbankofukraine

Monday, May 17

Ukraine’s central bank welcomed a decision by the Bank of England on Friday that it approved the “bail-in” of $595 million of loans that a British-based financial company made to PrivatBank before it was nationalized in 2016, Reuters reports. In a statement, the National Bank...

Friday, April 16

Surprising analysts, the Central Bank raised Ukraine’s prime rate by a full percentage point, to 7.5%. By bringing Ukraine’s key rate back to where it was one year ago, the National Bank of Ukraine said it wants to tamp down inflation.

Tuesday, April 6

During the first quarter, the Central Bank of Ukraine purchased a net $220.5 million to smooth out foreign exchange fluctuations. As the hryvnia strengthened last week, the bank sold $50 million, reported the National Bank of Ukraine website. Since the start of the year, the hryvnia h...

Thursday, March 11

Independence of the Central Bank became the critical issue with the IMF last summer Independence of the Central Bank became the critical issue with the IMF last summer after President Zelenskiy pushed out the internationally known and respected governor, Yakiv Smoliy. In the ensuing ...

With the $5 billion IMF lending program to Ukraine suspended, Bloomberg and Reuters moved stories yesterday on the spat With the $5 billion IMF lending program to Ukraine suspended, Bloomberg and Reuters moved stories yesterday on the spat. Bloomberg headlined: “Another Ukrainian Central Banker Speaks Out on Governance...

Ukrzaliznytsia passenger service – which has been hemorrhaging money loser – lost 26% more of its income in the last year, a total of $314 million Ukrzaliznytsia passenger service – which has been hemorrhaging money loser – lost 26% more of its income in the last year, a total of $314 million, said Volodomyr Zhmak, the state railroad’s CEO, yest...

The share of UZ cars in freight trains has dropped in half – from 47% in 2018 to 21% in 2021 The share of UZ cars in freight trains has dropped in half – from 47% in 2018 to 21% in 2021, Zhmak said. This year, Zhmak wants to increase the UZ portion to 40%. Private cars are more popular becaus...

Former Ukrzaliznytsia CEO Wojciech Balczun is co-owner of Aurum Polonez, an amber mining company in Klesiv, northern Rivne oblast Former Ukrzaliznytsia CEO Wojciech Balczun is co-owner of Aurum Polonez, an amber mining company in Klesiv, northern Rivne oblast, according to Nadra.info. A Polish rock musician, Balczun ran UZ in 20...

Egis Ukraina, a French-financed engineering company working in Ukraine for the last three decades, Egis Ukraina, a French-financed engineering company working in Ukraine for the last three decades, has entered into a joint venture with Ertle, Ltd, an international engineering and construction holdi...

Half of Ukrainians seeking work abroad want to go to Poland, with two thirds looking for seasonal work, Half of Ukrainians seeking work abroad want to go to Poland, with two thirds looking for seasonal work, according to an OLX Work survey last month of 7,700 Ukrainian job seekers. The other top two des...

Resistance to vaccinations against the coronavirus is high and growing in Ukraine, Resistance to vaccinations against the coronavirus is high and growing in Ukraine, the AP reports in an article headlined: “Wide resistance to vaccines plagues Ukraine’s COVID-19 fight.” The portion o...

The Health Ministry reported that 40% of medical workers say they do not want to be vaccinated. The Health Ministry reported that 40% of medical workers say they do not want to be vaccinated. In the Donetsk village of Selydove, a visiting AP reporter found that only 5% of medical workers agreed ...

Ukraine and Israel are negotiating mutual recognition of “vaccination passports” for tourist travel Ukraine and Israel are negotiating mutual recognition of “vaccination passports” for tourist travel, Yevhen Korniychuk, Ukraine’s Ambassador to Israel, told Ukraine 24 TV. In September, mo...

UIA said that it has refunded $2.5 million to travelers last month for flights cancelled due to COVID-19. UIA said that it has refunded $2.5 million to travelers last month for flights cancelled due to COVID-19. These refunds, up to 15,000 passengers, brings to $29 million the airline has refunded to cust...

Passenger traffic at Kyiv Boryspil was down by two thirds during the first two months of this year Passenger traffic at Kyiv Boryspil was down by two thirds during the first two months of this year, compared to January-February 2020, reported the Center for Transportation Studies. With UIA’s suspen...

A total of 1,000 people a day crossed the two checkpoints with Russia-controlled Crimea last month A total of 1,000 people a day crossed the two checkpoints with Russia-controlled Crimea last month, reported Ukraine’s State Border Guard Service. This volume – 27,300 people – was down 88% compared t...

In the last six months, Ukraine’s Central Bank has moved from collegiality to Soviet-style centralism In the last six months, Ukraine’s Central Bank has moved from collegiality to Soviet-style centralism, Kateryna Rozhkova, First Deputy Governor of the National Bank of Ukraine, said in a lengthy inter...

Hours after the interview with NV was posted Hours after the interview with NV was posted on Facebook yesterday, the bank’s communications department tried — unsuccessfully — to censor the interview. Rozhkova also complained that she...

Monday, January 4

Despite the global economic recession, Ukraine’s trade deficit dropped in half last year Despite the global economic recession, Ukraine’s trade deficit dropped in half last year, from $10.22 billion to $4.9 billion in 2020, Taras Kachka, Ukraine’s Trade Representative, wrote on Facebook. ...

Despite a poor harvest, exports of the top three grains – corn, wheat and barley – were down only 2.3% yoy in dollar terms Despite a poor harvest, exports of the top three grains – corn, wheat and barley – were down only 2.3% yoy in dollar terms, to $9.4 billion for 2020. “Due to the reduction in the harvest, physical exp...

With new US sanctions on Nord Stream 2 made final by Friday’s vote in the US Senate With new US sanctions on Nord Stream 2 made final by Friday’s vote in the US Senate, the Norwegian company, Det Norske Veritas (DNV) GL announced Saturday that it will not be able to certify the $11.6...

“ “Russia Pushes Ahead on Europe Gas Link Before U.S. Sanctions,” headlines a Bloomberg story posted Thursday, the day before the US Senate vote. With 150 km of the 1,230 km pipeline left to be laid, No...

“US imposes new sanctions to kill off Putin’s pet pipeline,” “US imposes new sanctions to kill off Putin’s pet pipeline,” headlines an Atlantic Council piece by Diane Francis, posted Saturday. “It means almost certain doom for Putin’s most important energy proj...

Russia cut its volume of gas pumped across Ukraine by 38% in 2020 Russia cut its volume of gas pumped across Ukraine by 38% in 2020, compared to the previous year. Although Gazprom pumped 55.8 billion cubic meters through Ukraine’s east-west pipeline system, Russia’...

In reverse In reverse, gas transportation from Europe to Ukraine hit almost 16 bcm last year, 12% more than in 2019 and 27% more than the annual average for 2016-18. About 10 bcm went into storage as 52 Ukrainia...

Serbian President Serbian President Aleksandar Vučić opened Friday Serbia’s 403 km extension of the Balkan Stream natural-gas pipeline, AP reports from Belgrade. Fuel for the line comes from Anapa, Russia, and then flo...

Pumped from the Tristar Ruby, a US cargo of LNG from Cove Point, Maryland inaugurated last weekend Croatia’s first liquefied natural gas landing terminal Pumped from the Tristar Ruby, a US cargo of LNG from Cove Point, Maryland inaugurated last weekend Croatia’s first liquefied natural gas landing terminal at Krk, an island in the northern Adriatic. PO...

Separately, Azeri gas has started moving through the new Separately, Azeri gas has started moving through the new Trans Adriatic Pipeline, Interfax-Azerbaijan reports from Baku, citing Azerbaijan’s Energy Ministry. This 878 km pipeline picks up Azeri gas fr...

Tomasz Fiala, CEO of Dragon Capital, and Ivan Svitek, former Chairman of Alfa Bank Ukraine, have signed an agreement to buy Unex Bank from Vadim Novinsky’s Smart Holding Tomasz Fiala, CEO of Dragon Capital, and Ivan Svitek, former Chairman of Alfa Bank Ukraine, have signed an agreement to buy Unex Bank from Vadim Novinsky’s Smart Holding. “The Antimonopoly Commi...

To prevent a strengthening of the hryvnia, the central bank bought a net $335.5 million on the interbank market in December. To prevent a strengthening of the hryvnia, the central bank bought a net $335.5 million on the interbank market in December. By contrast, during the whole year, the bank bought a net $1.1 billion, rep...

Ukraine’s minimum wage increased Friday by $35, $212 per month Ukraine’s minimum wage increased Friday by $35, $212 per month. On Dec. 1, it increases to $230. With the minimum wage largely used to calculate pensions, Ukraine’s average monthly wage is $480.

Real wages were up 8% yoy in November Real wages were up 8% yoy in November, reports the State Statistics Service. Nationally, the average nominal wage was $404. In Kyiv, the wage was 54% higher — $622. Nationwide, the biggest regio...