IMFmission

Tuesday, March 1

The National Bank of Ukraine is discussing options to support the economy and financial sector of our country during martial law with the International Monetary Fund (IMF).

The National Bank of Ukraine is discussing options to support the economy and financial sector of our country during martial law with the International Monetary Fund (IMF). It is noted that the Fund’s experts praised all the measures taken by the National Bank to ensure the continuity of the financial system during martial law. Further steps are being discussed, i...

Thursday, February 24

In Western Ukraine, 16 communities have joined forces to build a waste sorting plant.

In Western Ukraine, 16 communities have joined forces to build a waste sorting plant. The Polyana community in Zakarpattia has signed agreements with 16 surrounding communities to establish a garbage sorting plant. The amount of construction investment is €12M, €9M of which will be sup...

Friday, February 11

The IMF plans to send a mission to Ukraine in the first quarter.

The IMF plans to send a mission to Ukraine in the first quarter. The International Monetary Fund is monitoring the situation in Ukraine and plans to hold a second review of the Stand-By lending program, stated the director of the IMF press office Jerry Rice. ̶...

Friday, November 26

Ukraine has pledged to agree to 12 conditions to receive the next IMF tranche.

Ukraine has pledged to agree to 12 conditions to receive the next IMF tranche. These structural beacons include: to approve the budget for 2022 with a deficit target of 3.5% of GDP; to abolish concessions in the criteria for state representatives in the management of state-owned...

Wednesday, April 28

Adamant Capital yesterday wrote: “The placement occurred with a small (10-20bps) yield premium to the market, suggesting that it was well received, despite the apparent delays in the state’s program with the IMF. The timing suggests ...

Tuesday, April 20

Ukraine is on track to revive the IMF accord and to receive a $2 billion tranche by September, said Oleh Ustenko, a Presidential Economic Adviser, (Ukraina 24 TV). He said: “The bills we need to pass in order to get the tranche — the judiciary, its reform and the anti-corruption architect...

Last week the Rada made progress on one key IMF demand: restoring jail terms for officials who fail to fully declare their assets. Last October the Constitutional Court called an earlier law allowing for jail terms ‘excessive’ and struck it down. The new bill must be approved in final reading to be signed into law.

Friday, January 29

Slovakia

Slovakia Slovakia intends to turn its existing rail freight marshalling yard at Dobrá into a major East-West logistics hub. The Czech rail company Metrans already sends trains from China to Dobrá, which is thr...

In Hungary

In Hungary In Hungary, work has started on a $75 million road and rail hub in Fényeslitke, 25 km south of Chop. Capable of handling 1 million TEU containers a year, the East-West Gate will take advantage of a sp...

President Zelenskiy yesterday failed for second time in one month to muster enough Rada votes to make Yuriy Vitrenko Energy Minister

President Zelenskiy yesterday failed for second time in one month to muster enough Rada votes to make Yuriy Vitrenko Energy Minister President Zelenskiy yesterday failed for second time in one month to muster enough Rada votes to make Yuriy Vitrenko Energy Minister. Although Zelenskiy’s Servant of the People has a majority in parli...

Timothy Ash writes

Timothy Ash writes Timothy Ash writes: “This is a reflection of Vitrenko’s background as a proven reformer, and strong adherent to market principles, plus also opposition from oligarchic business groups in the Rada…unde...

The IMF mission will extend its online review of Ukraine’s $5 billion program for another 10 days

The IMF mission will extend its online review of Ukraine’s $5 billion program for another 10 days The IMF mission will extend its online review of Ukraine’s $5 billion program for another 10 days, reports Interfax-Ukraine. “It’s crucial for us to stay within the IMF program,” Finance Minister Serh...

Real wages rose by 10% last year, compared to 2019

Real wages rose by 10% last year, compared to 2019 Real wages rose by 10% last year, compared to 2019, reports the State Statistics Service. In nominal terms – without adjustments for inflation – December’s average salary was up 15.6% yoy. Nationwide,...

Kyiv had the highest salaries — $775 –

Kyiv had the highest salaries — $775 – Kyiv had the highest salaries — $775 – double the level of Chernihiv, its north eastern neighbor. Chernihiv, had the nation’s lowest — $390. The regions with fastest growing salaries last ...

Ukrainian companies transported 11% less cargo last year compared to 2019

Ukrainian companies transported 11% less cargo last year compared to 2019 Ukrainian companies transported 11% less cargo last year compared to 2019, reports the State Statistics Service. Of the 600 million tons, Ukrzaliznytsia carried slightly over half – 305.5 million tons...

Passenger transportation dropped in half last year

Passenger transportation dropped in half last year Passenger transportation dropped in half last year, reports the State Statistics Service. Of the 54% yoy drop, the biggest was air travel, down 64%. Train travel was down 63%. Car, bus and city transp...

Kyiv Sikorsky, Ukraine’s second busiest airport, saw its traffic plunge by 63% last year

Kyiv Sikorsky, Ukraine’s second busiest airport, saw its traffic plunge by 63% last year Kyiv Sikorsky, Ukraine’s second busiest airport, saw its traffic plunge by 63% last year, compared to 2019, the airport reports. Heavily dependent on Wizz Air and on charter flights, the airport recor...

Air traffic in and out of Kharkiv, Ukraine’s second largest city, dropped by 51% last year

Air traffic in and out of Kharkiv, Ukraine’s second largest city, dropped by 51% last year Air traffic in and out of Kharkiv, Ukraine’s second largest city, dropped by 51% last year, slightly better than the nationwide drop of 64%, reported the Center for Transportation Strategies. Worldwid...

The number of Ukrainian tourists traveling abroad during the pandemic dropped by 70% — from 2.5 million in 2019 to 750,000 in 2020,

The number of Ukrainian tourists traveling abroad during the pandemic dropped by 70% — from 2.5 million in 2019 to 750,000 in 2020, The number of Ukrainian tourists traveling abroad during the pandemic dropped by 70% — from 2.5 million in 2019 to 750,000 in 2020, Pavlo Hryhorash, chief executive of Ukraine’s Travel Agencies Associ...

Hotel, restaurants, bar and ‘creative industries’ lost about $3 billion

Hotel, restaurants, bar and ‘creative industries’ lost about $3 billion Hotel, restaurants, bar and ‘creative industries’ lost about $3 billion since coronavirus control were first imposed, in mid-March, says Kyrylo Kryvolap, coordinator of working group to develop the Na...

In a bold bid for China-EU rail traffic, Poland’s PKP Cargo plans to invest $1 billion in a village on the border with Belarus

In a bold bid for China-EU rail traffic, Poland’s PKP Cargo plans to invest $1 billion in a village on the border with Belarus In a bold bid for China-EU rail traffic, Poland’s PKP Cargo plans to invest $1 billion in a village on the border with Belarus to create what the state company calls Europe’s largest and most modern a...

Facing collapsing demand, two thirds of Ukrainian hotels cut room prices last year

Facing collapsing demand, two thirds of Ukrainian hotels cut room prices last year Facing collapsing demand, two thirds of Ukrainian hotels cut room prices last year, according to a 122 3-star hotels survey by the Association of Hotels and Resorts of Ukraine. Other responses include...

PKP’s announcement is the latest China-oriented logistics investment planned for the 600 km Brest to Chop fault line

PKP’s announcement is the latest China-oriented logistics investment planned for the 600 km Brest to Chop fault line PKP’s announcement is the latest China-oriented logistics investment planned for the 600 km Brest to Chop fault line that marks the rail gauge break between Soviet broad gauge and EU narrow gauge. Pro...

Ukrainian resort hotels were almost entirely occupied during the Christmas-New Year holidays

Ukrainian resort hotels were almost entirely occupied during the Christmas-New Year holidays Ukrainian resort hotels were almost entirely occupied during the Christmas-New Year holidays, Artur Lupashko, founder of the Ribas Hotels Group hotel chain, tells Interfax-Ukraine. Bukovel, the Carpat...

In Ukraine

In Ukraine In Ukraine, electrification of the 95 km stretches of track between Kovel, Volyn’s rail hub and the Polish border was discussed yesterday in an online meeting between Infrastructure Minister Vladyslav...

UIA resume flights between Tbilisi and Kyiv Boryspil on Sunday

UIA resume flights between Tbilisi and Kyiv Boryspil on Sunday UIA resume flights between Tbilisi and Kyiv Boryspil on Sunday. The resumption of twice a week flights comes as Georgia reopens on Monday to all airlines flying to Georgia. Tourism, a key component of...

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