Week’s balance: IMF allows postponement of land reform, prime minister finds hub for low cost air carriers, Ukraine boosts trade
The EU Council has approved trade preferences for Ukraine. The IMF gave Kyiv a respite for land reform. The Cabinet reported on its work in the first half of the year. The prime minister instructs to equip the Hostomel Airport to receive aircraft of low-cost carriers. These are the main economic news of the outgoing week.
Week’s balance: EU completes ratification of Ukraine Association deal, Rada amends state budget before going on vacation
The Council of the European Union has approved the Ukraine-EU Association Agreement. Ukrainian legislators passed a number of bills before leaving for summer vacation, supporting the Cabinet's proposal to increase revenues and expenditures of the state budget. The Boryspil Airport has at first said goodbye to, but then resumed negotiations with Ryanair. The hryvnia continued to strengthen. These are the main economic news of the outgoing week.
Week’s balance: Postponed bailout tranche, central bank’s worsened macroeconomic forecast, and international partners urging Kyiv to speed up reform
The authorities announced the postponement of key reforms and, subsequently, of the next IMF bailout tranche, at least until autumn 2017; the National Bank of Ukraine worsened its outlook for the country’s economic growth and inflows of credit funds; while international partners called on the president, government and parliament boost reform - these are the main economic news of the past week.
Westinghouse Vice President: There's a lot of bureaucracy in Ukraine
Vice President and Managing Director at the world’s nuclear power giant Westinghouse Aziz Dag in his interview with UNIAN spoke about the prospects of the increase in nuclear fuel supplies to Ukraine and the company’s plans for the period when the current contract with Ukraine expires, also commenting on the global trend for the “green” energy development and the role of nuclear energy in the near future.
Week’s balance: budgetary "revolution," billions for roads, and preparations for heating season
The Ukrainian government approved the budget resolution for the next three years, engaged in improving road safety, and once again extended the emergency measures in the energy sector, while KyivEnergo warned of the lack of sufficient funds to prepare for the heating season - these are the main economic news of the outgoing week.