tradedeficit

Friday, August 11

The attack on the Kakhovka HPP will increase the trade deficit by $400M annually.

The attack on the Kakhovka HPP will increase the trade deficit by $400M annually. According to the NBU, Russia’s detonation of the Kakhovka HPP will have several economic consequences, including damage to agriculture, an increase in production and logistics costs, and a reduc...

Monday, July 18

The foreign trade deficit has decreased by 9.3%.

The foreign trade deficit has decreased by 9.3%. The negative balance of Ukraine’s foreign trade for the first five months of 2022 decreased by 9.3% to $878.4M compared to last year. This is evidenced by data from the State Statistics Service....

Friday, April 2

Ukraine’s foreign trade has increased by 12% during the first quarter of 2021, compared to the same January-March period last year. Exports were up by 12% to $13.75 billion. Imports were up by 12% to $15.1 billion. Overall trade totaled $28.8 billion. “The Ukrainian economy is r...

Thanks to fast-growing exports to China and Vietnam last year, Ukraine slashed its trade deficit last year by 93%, to $255 million in 2020, from $3.4 billion in 2019, Kachka said when speaking at the Ukraine’s International Trade Council. He said: “The most important indicators are the phenomenal growth of exports...

Monday, January 4

Real wages were up 8% yoy in November

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...

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 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 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 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,” “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 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 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 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 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 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 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. 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 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.

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