Partners news

With Ukraine’s borders closed during the April-May peak of the lockdown, cross-border money flows via banks actually increased by 13% yoy

Tuesday, August 4, 2020
With Ukraine’s borders closed during the April-May peak of the lockdown, cross-border money flows via banks actually increased by 13% yoy

With Ukraine’s borders closed during the April-May peak of the lockdown, cross-border money flows via banks actually increased by 13% yoy, Alfa-Bank Ukraine reports, citing Central Bank data. Similarly, money transfers via international payment services also were up, by 3%. Closed borders prevented people from sending money home through friends and family, making for an overall drop of 17% for those two months.

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
Monday, August 3
Partners news
To ease Kyiv’s growing traffic jams, the city is opening park and ride lots near six Metro stations.

To ease Kyiv’s growing traffic jams, the city is opening park and ride lots near six Metro stations.

Next post
Wednesday, August 5
Partners news
Ukraine is on track to reach this year the symbolic target of a

Ukraine is on track to reach this year the symbolic target of a

Morning Economic Digest

Straight, factual, timely and investable business news and economic trends from Ukraine, Europe’s next Frontier Economy.

Previous Main Topics

Subscribe