Week's balance: Land to farmers, budget to deputies, and gas to Europeans
Finance Minister Oksana Markarova has presented to MPs the draft state budget for 2020, the government decided on the date of the long-awaited launch of the land market, while Naftogaz held in Brussels a productive round of negotiations on the transit of Russian gas – these are the main economic news of the past week.
Start of gas negotiations. First slap in Gazprom's face
The first round of gas talks in the trilateral Ukraine-EU-Russia format took place in Brussels. It did not yield any concrete results in terms of signing the relevant agreements. Nevertheless, for the first time in many years, Russia has backtracked, which confirms the correct strategy of Ukrainian negotiators.
Week's balance: IMF mission started to work, Rada postpones fines for owners of uncleared imported vehicles, while inflation sees decline
The review mission of the International Monetary Fund arrived in n Kyiv, the Verkhovna Rada liquidated the National Financial Services Commission and postponed the introduction of fines for owners of uncleared cars with EU plates, while the State Statistics Service reported on slower inflation in August - these are the main economic developments of the outgoing week.
Hryvnia setting records: Outlook for forex market for autumn 2019
Ukraine's national currency, despite the influence of a number of negative factors, has renewed its three-year high, again. Experts assess the prospects of the hryvnia quite optimistic, while allowing some devaluation and naming a number of threats.
Ex-POW Serhiy Popov: "Probably, I still haven't realized that I'm actually back home"
Former prisoner of war Captain Lieutenant Serhiy Popov in an interview with UNIAN told how he made dumbbells in the cell using water bottles, shampoo, and magazines; how with the help of sign language he looked at pictures of his family; memories of prison chow, and the "bath-count" of days in the Russian dungeons.
Former POW, sailor Andriy Eyder wounded in Kerch Strait incident: "There were a few seconds when life was supposed to flash before my eyes. Shells were flying. Tracers in the air and their reflection – on sea surface"
The youngest of Ukrainian prisoners of war, Andriy Eyder, 20, who returned home on Saturday, told UNIAN about the November naval battle where he was wounded, the level of prison health care in Russia, and how he had to help a Ukrainian interpreter in court.
First interview with released Kremlin prisoner Pavlo Hryb: "In Lefortovo, I was held in a single cell. They would not put Ukrainians together"
The former political prisoner, 21, told of the book he had been reading in the days before the swap, chant "Glory to Ukraine!" in prison corridors, and his refusal to write an appeal for pardon.
Ze-Economy: Priorities and deadlines
President of Ukraine Volodymyr Zelensky has outlined for the Cabinet of Ministers and the Verkhovna Rada priority economic tasks that must be fulfilled in the near future. Proper implementation of the stated ambitious goals can significantly change the country's economic environment.
Week's balance: Rada appoints new government, new PM Honcharuk vows higher GDP growth and talks with IMF
The Verkhovna Rada of the ninth convocation at its first meeting formed a new government, while the newly appointed Prime Minister, Oleksiy Honcharuk, called his priority boosting economic development and continued cooperation with the IMF – these are the main economic news of the past week.
Independence Day = Freedom Day: Two processions instead of parade
Ukraine's twenty-eighth birthday demonstrated that Independence Day is equal to Freedom Day. Since, regardless of whether the company is with the president or with front-line comrades, Ukrainians sincerely congratulated their country.
Week's balance: Ukraine implements 'economic visa-free regime' with Israel, Cabinet reduces electric tariffs, promises average wage at $540
For the first time in two decades, the head of the Israeli government visited Kyiv to discuss, among other things, the introduction of the free trade zone between the two countries, the resigning Prime Minister Groysman promised fellow citizens an average wage of $540 as early as next year, the Cabinet of Ministers decided to reduce electricity tariffs for businesses, while Naftogaz offered the population to buy gas for the winter at summer prices – these are the main economic developments of the outgoing week.
Deputy NBU Governor Oleh Churii: "Our forecast is to receive $2 bln this year under the new IMF program. And next year, too"
The hryvnia for almost two months has been performing at its three-year max, while the effect of one of the key factors – the purchase of government bonds by non-residents – is weakening. Deputy NBU Governor Oleh Churii told UNIAN about the hryvnia's prospects for this autumn, the threat of a recurrence of the 2008 crisis, a new IMF program, debts, and operations of non-residents with government bonds.
Last meeting of Groysman's Cabinet. What will the new government inherit?
Volodymyr Groysman held the last meeting of his Cabinet. He bragged about how he raised the economy and addressed his successors with recommendations. At the same time, nothing was said about public debt, which, not without his participation, will put a heavy burden on the new government and the Ukrainians.
Week's balance: Economy accelerating, government lowering electric tariffs for industrial consumers, while non-residents putting bond purchases on pause
The State Statistics Service reported on a faster growth of the Ukrainian economy in 1H 2019, the Cabinet allowed reducing electricity tariffs for industrial enterprises, and non-residents suspended the purchase of Ukrainian government loan bonds – these are the main economic developments of the outgoing week.
Closed Ukraine. What is wrong with obtaining Ukrainian long-term visas
Poor organization of the application process, many hours of wait, discrimination, an inexhaustible list of documents to justify the purpose and conditions of the trip, and cases of corruption ... British, American and Ukrainian experts talk about problems with obtaining a Ukrainian type D visa.
New Old Reform: What economic changes are coming to Ukraine
President Volodymyr Zelensky announced the priority steps of Ukraine authorities to boost economic development. UNIAN has learned about the expected transformations awaiting the country in the near future.
Week's balance: Zelensky vows economic growth and launch of land market, water utility companies put forward their ultimatum, while gas tariffs are once again reduced
President Volodymyr Zelensky has promised to accelerate Ukraine’s economic growth and launch a full-fledged land market in 2020, Naftogaz announced another reduction in gas tariffs for the households, and water utility companies several weeks after the start of the electricity market reform demanded that electricity tariffs be reviewed, threatening to introduce hourly water supplies – these are the main economic developments of the outgoing week.
Russia in litigation siege. Can Naftogaz receive compensation for assets lost in annexed Crimea
Naftogaz, in its lawsuit, told The Hague court that the estimated losses from the seizure by Russia of the group’s assets in Crimea stood at $5.2 billion. Naftogaz expects that the international tribunal will hand down a verdict no earlier than late 2020. UNIAN learned whether the state-owned company would be able to receive compensation from the Kremlin, even if the court’s awards are in favor of Ukraine.
Week's balance: Ukraine prepping up for winter, hryvnia strengthening, and EBRD allocating EUR 250 mln for public transport purchase
The Ministry of Regional Development reported on Ukraine’s readiness for the heating season, non-residents' demand for domestic government bonds strengthened the hryvnia, while the European Bank for Reconstruction and Development allocated a number of loans to Ukraine, including EUR 250 million for municipalities to buy new vehicles – these are the main economic news of the past week.
Main intrigue: Government of Servant of the People. Who and how will steer Ukraine's economy
The main intrigue of the next month is what the new government will be like and who will lead it. The fate of the format of the Cabinet of Ministers is exclusively in the hands of the Servant of the People party that won in the early parliamentary elections. And it depends on the "government" decisions of this political force whether Ukraine can finally become economically strong.