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Tuesday, September 15

Ukraine plans to spend $5 billion to rebuild and repave roads next year

Ukraine plans to spend $5 billion to rebuild and repave roads next year Ukraine plans to spend $5 billion to rebuild and repave roads next year, according to the draft State Budget approved yesterday by the Cabinet of Ministers. Today, the Rada starts to review the budget...

The draft State Budget calls for spending $100 million to accelerate government digitalization, easing interactions between citizen and the bureaucracy.

The draft State Budget calls for spending $100 million to accelerate government digitalization, easing interactions between citizen and the bureaucracy. The draft State Budget calls for spending $100 million to accelerate government digitalization, easing interactions between citizen and the bureaucracy. Using Estonia as a model, Ukraine intends to mo...

that the draft budget envisages 4.7% GDP growth and a deficit of 6% of GDP

that the draft budget envisages 4.7% GDP growth and a deficit of 6% of GDP that the draft budget envisages 4.7% GDP growth and a deficit of 6% of GDP. Ukraine’s economy is expected to contract by about 6% this year.

Today, Ukraine’s hryvnia currency is pegged at 28 per U.S. dollar by the National Bank of Ukraine

Today, Ukraine’s hryvnia currency is pegged at 28 per U.S. dollar by the National Bank of Ukraine Today, Ukraine’s hryvnia currency is pegged at 28 per U.S. dollar by the National Bank of Ukraine. After a devaluation of 1.7% in the last two weeks, the hryniva has returned to a level briefly ...

Ukraine’s economy will shrink by 6% this year, then rebound by 4% next year

Ukraine’s economy will shrink by 6% this year, then rebound by 4% next year Ukraine’s economy will shrink by 6% this year, then rebound by 4% next year. In 2021 , inflation will increase to 6% and the hryvnia will be at 30 to the dollar. S&P made these predictions as part...

Despite the recession, the number of limited liability companies – the favorite kind of company in Ukraine – increased by 6% yoy

Despite the recession, the number of limited liability companies – the favorite kind of company in Ukraine – increased by 6% yoy Despite the recession, the number of limited liability companies – the favorite kind of company in Ukraine – increased by 6% yoy, to 694,271 by Sept. 1, reports the State Statistics Service. Apartment...

Ukraine’s total trade turnover dropped by almost 10% through August,

Ukraine’s total trade turnover dropped by almost 10% through August, Ukraine’s total trade turnover dropped by almost 10% through August, compared to the same period last year, reports the State Customs Service. With imports down by 12%, twice as deep as the export dro...

China emerged head and shoulders as Ukraine’s largest trading partner

China emerged head and shoulders as Ukraine’s largest trading partner China emerged head and shoulders as Ukraine’s largest trading partner, with $9.4 billion in two-way trade through August. Two-way trade with Russia was only half that level — $4.7 billion. Ukrai...

Poly Changda, a subsidiary of a major Chinese conglomerate, is preparing to bid on a tender to construct part of the Kyiv Bypass Road

Poly Changda, a subsidiary of a major Chinese conglomerate, is preparing to bid on a tender to construct part of the Kyiv Bypass Road Poly Changda, a subsidiary of a major Chinese conglomerate, is preparing to bid on a tender to construct part of the Kyiv Bypass Road, Serhiy Kamyshev, Ukraine’s Ambassador to China reports after meet...

Russia’s diminished economic influence in Ukraine is outlined in a new study

Russia’s diminished economic influence in Ukraine is outlined in a new study Russia’s diminished economic influence in Ukraine is outlined in a new study by the Center for Economic Strategy: “Russian Economic Footprint in Ukraine.” Ukraine’s imports from Russia fell from 18% o...

The U.S. International Development Finance Corporation, formerly known as OPIC, will provide $89 million in loans and political risk insurance for two American companies operating in Ukraine

The U.S. International Development Finance Corporation, formerly known as OPIC, will provide $89 million in loans and political risk insurance for two American companies operating in Ukraine The U.S. International Development Finance Corporation, formerly known as OPIC, will provide $89 million in loans and political risk insurance for two American companies operating in Ukraine, one in g...

Separately, $27 million will be loaned for the construction and operation of Ukraine’s first Sheraton hotel, the

Separately, $27 million will be loaned for the construction and operation of Ukraine’s first Sheraton hotel, the Separately, $27 million will be loaned for the construction and operation of Ukraine’s first Sheraton hotel, the Sheraton Kyiv Olimpiyskiy. US-based Marriott Hotels & Resort has a contract with Co...

Wizz Air has cancelled 12 more routes flights from Ukraine until March

Wizz Air has cancelled 12 more routes flights from Ukraine until March Wizz Air has cancelled 12 more routes flights from Ukraine until March, reports Lowcost Avia. With the cancellations – from Kyiv Sikorsky, Kharkiv, Lviv, Odesa and Zaporizhia – Wizz Air increases to 2...

European Travel Insurance, a Kyiv company, insured 63% fewer tourists last summer compared to the summer of 2019.

European Travel Insurance, a Kyiv company, insured 63% fewer tourists last summer compared to the summer of 2019. European Travel Insurance, a Kyiv company, insured 63% fewer tourists last summer compared to the summer of 2019. Insurance for Ukrainians traveling abroad fell by 64%, to 191,000. Insurance for domes...

In the first two weeks of September, Kyiv’s omnipresent tow trucks towed more than 2,000 cars

In the first two weeks of September, Kyiv’s omnipresent tow trucks towed more than 2,000 cars In the first two weeks of September, Kyiv’s omnipresent tow trucks towed more than 2,000 cars, earning the city at least $35,000, Mayor Vitaly Klitschko told reporters yesterday. “Drivers must realize...

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