Ukraine’s economic downturn has slowed sharply

News

Ukraine’s economic downturn has slowed sharply

14.06.2021 News

The downturn in Ukraine’s economy in the first four months of 2021 slowed to 0.2%, according to a preliminary estimate by the Ministry of Economy.

“The Ministry of Economy estimates a slight reduction in GDP at 0.2% (down 2% in the first quarter of 2021 by 4.9% over the four months of 2020),” the statement said.

Thus, the consolidated production index for the first time since December 2019 showed an increase of 0.7% compared to a decrease of 3% in the first quarter of 2021 and 5.9% for the four months of 2020.

The ministry attributes this to growth in a number of industries.

Other articles

  • globallogic hexacta
    News

    GlobalLogic Acquires Hexacta, an Innovative Digital Engineering Firm in Latin America

    Company Continues Strategic Expansion Adding New Service Capabilities, Talent, and Broadening Nearshore Footprint SAN JOSE, Calif.—January 5, 2023— GlobalLogic Inc., a Hitachi Group Company and Digital Engineering Leader, today announced the acquisition of Hexacta, a Pan-Latin-America digital and data engineering company. The acquisition is part of GlobalLogic’s continued strategy to expand its offerings, and its […]

  • Тест
    Analytics

    Тест

    тест     тест

  • globallogic healthtech 1
    News

    GlobalLogic engineers help create nearly 10% of the global medical device market

    Last year, the global medical device market reached $532.62 billion, according to Mordor Intelligence. Ukrainian engineers are involved in the projects of key players, which occupy almost 10% of the market. This share can be estimated at 50 billion US dollars*. Domestic specialists create more than a hundred software solutions of various levels. These include […]

  • 2779913
    News

    Twitter працює над відновленням відеосервісу Vine

    Новий власник Twitter Ілон Маск доручив інженерам попрацювати над перезавантаженням Vine, яке може бути готове до кінця нинішнього року. Про це повідомляє Axios. Зазначається, що інженерам компанії необхідно вивчити стару кодову базу відеосервісу, яка не змінювалася та не оновлювалася з моменту закриття, а саме з 2016 року, коли з’ясувалося, що майданчик не витримує конкуренції. Втім, одне з […]

  • picturepicture 156446930057951110266878 96171
    News

    CREDIT AGRICOLE TOPS THE SOCIAL RESPONSIBILITY RATING AMONG BANKS ACCORDING TO STANDARD-RATING

    Credit Agricole has been ranked first in the social responsibility rating of the banking sector, created by Standard-Rating based on the 2022 half-year results. The rating agency commended the bank’s contribution to the economy of Ukraine. The bank has paid UAH 100 million in taxes in advance, while issuing UAH 1.2 billion in loans under […]

  • impact automotive
    News

    How Ukrainian developers make impact on road safety

    From October 1, drivers must turn on the dipped headlights of the car outside the city. This helps to additionally mark the vehicle in conditions of low visibility within the autumn-winter period. GlobalLogic reminds about the importance of compliance with traffic rules and tells about the developments of Ukrainian engineers that affect road safety. In […]

  • 750x450 press release image ua
    News

    Intellias completes acquisition of Digitally Inspired, strengthening expertise in the Retail and eСommerce industry

    Intellias, a global software engineering and digital consulting company, has announced the completion of its acquisition of Digitally Inspired, a fast growing, UK based peer, focusing on the Retail and eCommerce industry. “I am delighted to welcome the Digitally Inspired team to Intellias. It is symbolic that Intellias’ twentieth anniversary coincided with signing an agreement […]

  • shutterstock 1920327596
    News

    3×4, a recently-founded Ukrainian Web3 fundraising platform, launches its first campaign

    3×4, a Web3 fundraising platform for non-profits, has been launched in Ukraine to bring innovative crypto & NFT fundraising to the rising number of social impact causes. 3×4 helps non-profit organizations to fundraise utilizing NFTs in collaborations with artists and brands while providing donors utility, revenue and transparency. The idea of 3×4 was born in […]

Read also

Ukraine’s economic downturn has slowed sharply
News

Microsoft has announced to acquire TikTok in the United States by September 15

Microsoft announced the plan: to buy the fashionable social application TikTok, that owned by the Chinese company Bytedance Ltd, and confirms the long-standing efforts of the technology giant to occupy a niche in the digital advertising market, along with Facebook and Google. It is known that Microsoft intends to acquire TikTok’s business in the United […]

Next
Ukraine’s economic downturn has slowed sharply
News

Fairfax holding company acquired a part of Astarta shares

International financial company Fairfax Financial Holdings Limited (Toronto headquarters, Canada) purchased 9.99% of shares of agricultural Ukrainian holding Astarta, which is the flagship of the domestic sugar market, which also is one of the largest provider of milk in the country. In addition,a new owner of shares acquired the right to purchase the remaining interest […]

Next
Ukraine’s economic downturn has slowed sharply
News

UAE is interested in cooperation with the Ukrainian agrarian enterprises

The other day, was held a working meeting of representatives of the Ministry of Agrarian Policy and Food of Ukraine and the State Veterinary and Phytosanitary Service of Ukraine together with the Ministry of Environment and Water of the United Arab Emirates. UAE experts arrived in Ukraine for the inspection of domestic enterprises producing poultry […]

Next
Ukraine’s economic downturn has slowed sharply
News

Volkswagen will cut thousands of employees in Germany

Volkswagen AG, Germany’s largest carmaker, plans to cut up to 5,000 jobs in Germany. Volkswagen has confirmed that the company has reached an agreement with the company’s board of employees, which provides for early or partial retirement of some employees. The company expects that about a thousand employees will choose early retirement. Volkswagen has not […]

Next
Ukraine’s economic downturn has slowed sharply
News

French Authorities Are Demanding that Airbus Stops Job Cuts

The management of the European Airbus Airline should find solutions to avoid the forced reduction of thousands of jobs. This was stated by Junior Minister of Economy of France Agnes Pannier-Rancher. “There should be no forced dismissals. This means that everyone should be able to choose and receive help, this is our line,” she said. […]

Next
Ukraine’s economic downturn has slowed sharply
News

Yahoo refused to realize its business for $ 30 billion

Leaders of Yahoo have told  that they refused from the realizing  of the business to China’s Alibaba in the amount  of $ 30 billion. The Company  also thinks what they have to do with the Japanese peace of the business, which is estimated at     $ 8.5 billion. (In the Japanese company they owns […]

Next
Ukraine’s economic downturn has slowed sharply
News

Ukrzaliznytsia’s annual loss amounted to almost 12 billion

According to the results of last year, Ukrzaliznytsia received a net loss of UAH 11.9 billion against a profit of UAH 2.988 billion a year earlier. This is stated in the company’s financial report. The company states that the financial result was significantly affected by a decrease in revenues from freight and passenger traffic – […]

Next
Ukraine’s economic downturn has slowed sharply
News

Large companies are opposed to the new British Telecommunications Act

The new draft law on telecommunications in UK suggests that companies, mobile operators, Internet – companies will have to keep the data  about activity of  their customers online for one year, and this will enable special services to require  this data  if necessary and  to read them. According to the information of the British Government, […]

Next
Ukraine’s economic downturn has slowed sharply
News

Defence of the ex-chairman of Mikhaylovsky bank has lost the appeal

Ihor Doroshenko has been left in the predetention center. The appellate court of Kyiv rejected a request of Ihor Doroshenko, an ex-chairman of the board of Mikhaylovsky bank to be entitled to plead   and left it in the predetention center — the press service of Appellate court of the Kyiv city reports. Therefore, the judge’s  […]

Next
Ukraine’s economic downturn has slowed sharply
News

Airbnb will try to get an estimate of $ 35 billion for an IPO

According to Bloomberg, citing documents submitted to the Securities and Exchange Commission (SEC), the short-term rental service Airbnb plans to raise $ 2.6 billion in listing in the US and receive an estimate of $ 35 billion. If the company manages to raise $ 2.6 billion, Airbnb’s placement will be the fourth largest IPO in […]

Next
Ukraine’s economic downturn has slowed sharply
News

Darnytsia seized the accounts of the intermediary of the Borshchahiv Pharmaceutical Plant

On March 19, the High Court of Justice in London upheld the claim of the pharmaceutical company Darnytsia and seized the accounts of the company, which is an intermediary in the procurement of raw materials from the German company Farmaplant Fabrikation Chemischer Produkte GmbH for Borschagiv Chemical and Pharmaceutical Plant. It is about the British […]

Next
Ukraine’s economic downturn has slowed sharply
News

The head of the NBU announced the rapid sale of PrivatBank

The National Bank of Ukraine plans to sell PrivatBank. Its privatization, the NBU believes, may be of interest to the most prestigious international investors, as the Ukrainian banking sector has potential. The head of the NBU Kirill Shevchenko in an interview with GlobalCapital stated this. “Our banking sector has significant potential for international investors. We […]

Next
snymok 03
Analytics

Healthcare reform in Ukrainian

What are the risks of medical reform in Ukraine? What it must change? Will the industry be funded as stated? Will insurance medicine work and how the market for medical services will be? Medicine established on authorities VS medicine established on evidence In November 2016, the Cabinet of Ministers of Ukraine approved the Concept of […]

Next
Ukraine’s economic downturn has slowed sharply
News

UIA changed its profit to a loss in the year of the corona crisis

UIA, the largest airline, suffered UAH 4.5 billion in losses last year, compared to UAH 1.6 billion in profit a year earlier. It is said in a statement. It is noted that in 2020, UIA’s assets decreased from UAH 14.9 billion to UAH 9.2 billion, total receivables increased to UAH 1.619 billion from UAH 969 […]

Next
Ukraine’s economic downturn has slowed sharply
News

Life announced the rebranding

The “Astelit” company in the near future will carry out the rebranding of mobile operator life. It is not just about changing the symbols and corporate colors, but also to change the name: new brand can get a name ‘lifecell’ similar to the parent company Turkcell. As well as the logo symbol of the Turkish […]

Next
Ukraine’s economic downturn has slowed sharply
News

The EU is asking Facebook to suspend the transfer of its users’ data to the United States

The European regulator on personal data protection has sent a preliminary order to American Facebook to stop the transfer of data of its users in the United States, according to the Wall Street Journal, citing sources familiar with the situation. “The EU’s privacy regulator has sent a preliminary order to Facebook for suspending the transfer […]

Next