Primeratehike

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.

Friday, March 5

Fearing inflation, Ukraine’s central bank hikes the prime rate to 6.5% today, the first increase in two years. Fearing inflation, Ukraine’s central bank hikes the prime rate to 6.5% today, the first increase in two years. The hike ends a post-Independence low of 6%, which reigned since June.

In January-February, Ukrainians imported 53,000 used cars, 4.4 times the volume of the first two months of 2019 In January-February, Ukrainians imported 53,000 used cars, 4.4 times the volume of the first two months of 2019. Used imports, a rarity four years ago, now account for 81% of car imports, reports Ukra...

“We are responding to inflation beyond the target range of 5%,” Kateryna Rozhkova, “We are responding to inflation beyond the target range of 5%,” Kateryna Rozhkova, first deputy governor of the National Bank of Ukraine, wrote yesterday on Facebook. The bank predicts inflation will ...

More hikes could come this year, More hikes could come this year, Yuriy Geletiy, a deputy governor of the central bank, told reporters yestrerday. “The National Bank is ready to raise the discount rate more decisively to limit the fu...

In the first two months of this year, foreign holdings of Ukraine government bonds increased by $570 million In the first two months of this year, foreign holdings of Ukraine government bonds increased by $570 million, Geletiy told reporters yesterday. As of Monday, foreign holdings totaled $3.65 billion. He...

Remittances from Ukrainians working abroad are expected to grow by 8%, to $13 billion this year Remittances from Ukrainians working abroad are expected to grow by 8%, to $13 billion this year, Geletiy said. For the last two years, remittance averaged $12 billion, or $1 billion a month. Labor is ...

Ukrainians relentlessly move away from cash Ukrainians relentlessly move away from cash, indicates a National Bank of Ukraine report for card and contactless payments. Last year, the number of transactions with payment cards jumped 25% yoy, to ...

Highlights Highlights:

With new coronavirus cases doubling this week, With new coronavirus cases doubling this week, Prime Minister Shmygal warned yesterday: “It’s obvious that the third wave of the pandemic has started that Ukraine is facing.” Yesterday morning, 10,057...

The new cases are largely in Kyiv and to the West The new cases are largely in Kyiv and to the West: Zhytomyr Oblast – 888; Kyiv City – 868; Vinnytsia Oblast – 827; Ivano-Frankivsk Oblast – 776; and Zakarpattia – 676. Ukraine’s first two cases ...

Ukraine plans to become a major producer of lithium batteries for Europe’s electric cars Ukraine plans to become a major producer of lithium batteries for Europe’s electric cars, Prime Minister Shmygal told reporters yesterday, reviewing talks he had in Brussels last month. By 2030, Europ...

Coal miners may become lithium miners Coal miners may become lithium miners under a pilot project to start closing two coal mines this year, one in Lviv and the other in Donetsk, the Prime Minister. With German and Polish advice and aid, ...

Turkey and Ukraine are on the final stretch for finalize a bilateral free trade agreement Turkey and Ukraine are on the final stretch for finalize a bilateral free trade agreement, Shmygal told reporters. Of the long-delayed agreement, he said: “Literally, last week and this week the free ...

In a new twist on the Motor Sich drama, David Arakhamia, the head of Servant of the People faction in the Rada In a new twist on the Motor Sich drama, David Arakhamia, the head of Servant of the People faction in the Rada, said yesterday he will submit a bill to nationalize the Zaporizhia-based aircraft engine...

Navigation will resume next week on the Dnipro River, two months after closing for ice Navigation will resume next week on the Dnipro River, two months after closing for ice, reports Port of Ukraine. All locks on the Dnipro cascade – from the Kyiv Sea to the Black Sea – are to re-open W...

Although last year’s Dnipro shipping season was six weeks longer than usual, cargo dropped 5% yoy, to 11 million tons Although last year’s Dnipro shipping season was six weeks longer than usual, cargo dropped 5% yoy, to 11 million tons. “Results of cargo transportation were influenced by the reduction in grain transp...

With traffic jams clogging Kyiv’s Dnipro bridges, the City Council is studying restoring boat service across the river. With traffic jams clogging Kyiv’s Dnipro bridges, the City Council is studying restoring boat service across the river. According to Kiev Vlast, the River Port Administration calculates that 2,000 peo...

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