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

  • 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 […]

  • 632595f853279441907151 730x410
    News

    The September, 29 will take place the international investment forum REBUILDING UKRAINE WITH THE PRIVATE SECTOR: International Investment Fair

    In order to present existing opportunities and draw attention of the international business community, UkraineInvest organizes an international forum with the participation of leading business representatives and expert environment of Ukraine and the world. The need to rebuild Ukraine creates a variety of attractive investment projects aimed at contributing to shaping a new economy of […]

  • Україна планує запровадити нове мито на імпорт
    News

    Україна планує запровадити нове мито на імпорт

    Проект, що його розробляє уряд, визначає введення 10% збору на купівлю іноземної валюти імпортерами. Деталі ініціативи Кабміну повідомив нардеп Ярослав Железняк, який є заступником голови податкового комітету Верховної Ради. “Тут варто зазначити, що обрана концепція не передбачає додаткових імпортних мит (що є складним при адмініструванні), а визначає запровадження 10% збору на валютообмінні операції із купівлі всіх […]

  • Китай спустив на воду найбільший у світі контейнеровоз
    News

    Китай спустив на воду найбільший у світі контейнеровоз

    У Китаї суднобудівна компанія Hudong-Zhonghua Shipbuilding спустила на воду найбільший у світі контейнеровоз, який отримав назву Tessa. Про це повідомляє сайт компанії. Вказано, що судно будується на замовлення швейцарсько-італійської Mediterranean Shipping Company (MSC). Воно має ті ж габарити, що й нещодавно побудовані для компанії Evergreen контейнеровози Alot та Apex, але трохи більшої ємності. “Хоча основні розміри залишилися […]

  • Банк Англії підняв ставки рекордно за 27 років
    News

    Банк Англії підняв ставки рекордно за 27 років

    Банк Англії підвищив базову процентну ставку максимальними темпами з 1995 року, на 50 базисних пунктів – до 1,75% із 1,25%. Про це повідомляється на сайті регулятора. Сама ставка зараз перебуває на максимальному рівні з грудня 2008 року, коли вона становила 2%. Банк Англії прийняв таке рішення на тлі високої інфляції, яка зараз становить 13%. Регулятор прогнозує, […]

  • В Україні відновлять приватизацію в умовах війни
    News

    В Україні відновлять приватизацію в умовах війни

    Верховна Рада на засіданні у середу, 28 липня, 233 голосами ухвалила законопроект про спрощення приватизації, повідомляє нардеп Ярослав Железняк. Ухвалений законопроект №7451 дозволяє відновити приватизацію, яка була зупинена через воєнне вторгнення Росії. Законопроект пропонує зробити приватизацію швидшою. Так, приватизація з моменту оголошення аукціону до підписання договору триватиме не більше двох місяців, а вся інформація про об’єкти приватизації […]

  • Доходи українців впадуть на чверть у рік війни
    News

    Доходи українців впадуть на чверть у рік війни

    За підсумками 2022 року доходи українців впадуть на 25%. Про це йдеться в Інфляційному звіті Національного банку України. Загалом номінальні зарплати скоротяться на 12%, а в реальному вимірі (з урахуванням інфляції) – на 27%. “Надалі з відновленням економіки, пожвавленням попиту на робочу силу номінальні зарплати швидко зростатимуть і перевищать довоєнний рівень вже в 2023 році. Втім, з […]

  • На Україну чекає найбільше в історії падіння ВВП
    News

    На Україну чекає найбільше в історії падіння ВВП

    Падіння економіки України у 2022 році буде найбільшим за всю історію країни. Про це йдеться в інфляційному звіті Національного банку. “Військові дії зумовили глибокий спад економіки. Після шоку перших місяців війни вона поступово адаптується до нових умов, проте падіння ВВП у 2022 році буде найглибшим за всю історію України”, – йдеться у повідомленні. За базовим сценарієм, цього […]

Read also

Ukraine’s economic downturn has slowed sharply
News

Ukrainian banks have a right to open accounts in Iran

According to Finance.ua, there is a good opportunity to extend the limits of Ukrainian financing system. The Ukrainian government provision has come into force.  The financial transaction sanctions with Iran banks were  cancelled by the resolution of the Ukrainian government. Oleh Churyi, the deputy head of NBU, admitted that National Bank of Ukraine would implement […]

Next
Ukraine’s economic downturn has slowed sharply
News

Alibaba’s net profit in the first half of 2020-2021 financial year fell by 19%

The net profit of the largest Chinese Internet company Alibaba Group Holding for the six months of 2020-2021 fiscal year (ended September 30) fell by 19% year on year and amounted to 10.746 billion dollars, according to a press release. Adjusted earnings per share were 3.48 yuan ($ 0.51) compared to 4.45 yuan ($ 0.66) […]

Next
Ukraine’s economic downturn has slowed sharply
News

Tesla’s value rose above $ 500 billion

Shares of US electric car manufacturer Tesla continue to rise sharply amid news of the company’s future accession to the S&P index. On Tuesday, November 24, the market value of Elon Musk’s company crossed the $ 500 billion mark for the first time. Tesla shares are said to have risen nearly 550 percent this year, […]

Next
Ukraine’s economic downturn has slowed sharply
News

We will exactly stay with bread: business will receive more than 300 million UAH of investment

Tryndiuk Yurii, who is the owner and president of the company Khlibni investytsii, reported on what amount of money will be invested in improving the production of bread in this year. This amount is equal to more than 300 million UAH. About it has reported the source delo.ua. Total production of bread in Ukraine is […]

Next
Ukraine’s economic downturn has slowed sharply
News

Twitter will pay Turkey a fine in the amount of $ 51 thousand

Turkish government for the first time resolved  to apply penalties to the social network Twitter. Recently, Turkey  turned to Twitter with a formal request to delete from the site all the information with an extremist nature, the information that supports  terrorism. Twitter declined the request of the Turkish government and didn’t delete the corresponding positions […]

Next
Ukraine’s economic downturn has slowed sharply
News

The largest network Whole Foods will pay $ 500 thousand for fraud in trade

One of the largest supermarkets in the USA – Whole Foods was in the midst of a large-scale scandal. As a result, a spot check of stores, which was produced by regulatory agencies in New York, was found mismatch on the price tags of products, a total of 80 items. For various purchases that were […]

Next
Ukraine’s economic downturn has slowed sharply
News

Ukraine places 8-year Eurobonds worth $ 1.25 billion

Ukraine places eight-year Eurobonds for 1.25 billion dollars at 6.875%. The demand is more than $ 3.3 billion. This was reported by Interfax-Ukraine, citing its own source. Initially, the benchmark profitability of the issue was 7-7.25%. Demand for Ukraine’s debt at the final rate exceeded $ 3.3 billion. According to the publication, Deutsche Bank, BNP […]

Next
Ukraine’s economic downturn has slowed sharply
News

The largest telecommunication companies in France – Orange and Bouygues announced about their merger

Two of the biggest telecom operator in France, recently reported about their intentions to merge. The amount of the transaction and its details were not disclosed at the moment. This is not the first attempt to conclude an agreement on the merger, talks between the parties were conducted in the past year, but companies  could […]

Next
Ukraine’s economic downturn has slowed sharply
News

WHO has announced a new record weekly increase in COVID-19 cases

Last week, from November 16 to 22, more than 4 million people in the world became infected with the new type of coronavirus, which is a record number since the beginning of the pandemic. This was announced on Tuesday, November 24, the press service of the World Health Organization. According to the WHO, in these […]

Next
Ukraine’s economic downturn has slowed sharply
News

NBU declared Avant-Bank bankrupt

National Bank of Ukraine (NBU) classified Avant-Bank (Kyiv) as insolvent. The decision approved by the Decree №44 of January 29, 2016, presses the service of the National Bank. NBU explained the decision as the shareholders of the bank have no “clear plans for the replenishment of the bank’s liquidity and default of customers’ operations within […]

Next
Ukraine’s economic downturn has slowed sharply
News

Concorde Capital accuses Kernel of corruption motives when buying the Creative factory

The acquisition of the Creative factory by the company Kernel Group  had a corruption component. Such an opinion was expressed by the expert of the  Concorde Capital investment company, Alexander Paraschiy, according to the  AgroPolit.com. He argues that the deal is profitable for Kernel, but would be a bane for the largest state-owned banks and […]

Next
Ukraine’s economic downturn has slowed sharply
News

Visa and Vsi. Svoi have launched “Her business”, a contest to support Ukrainian women entrepreneurs

The professional jury will select three winners who will receive UAH 100,000 for the development of their own businesses. The first-place winner will present products in her own “corner” in one of the two Vsi. Svoi stores on Khreshchatyk. All three winners will present their products at the online platform vsisvoi.ua and will receive mentor sessions […]

Next
Ukraine’s economic downturn has slowed sharply
News

The ranking of the best airlines in the world in a pandemic has been announced

AirlineRatings.com named Qatar Airways the airline of the year. As reported on Tuesday, July 27, the rating of Top Airlines in the World takes into account flight safety, on-board service, passenger comfort and flight routes, as well as the response of airlines to the COVID-19 coronavirus pandemic. Qatar Airways was recognized as the best airline […]

Next
Ukraine’s economic downturn has slowed sharply
News

Shares of Toshiba fell by 43%

The recent scandal with financial fraud and losses of $ 4.5 billion in the Toshiba Company led to the fact that the Japanese giant’s shares collapsed by 43%. Toshiba is the oldest Japanese manufacturers of electronics and  has been on the market for 140 years. All events that occur in the company significantly affect the […]

Next
Ukraine’s economic downturn has slowed sharply
News

Warren Buffett says he’s lost $2 billion on IBM

On Friday, Buffett’s Berkshire Hathaway announced that it has lost $2 billion on its IBM investment. That’s 15% of the more than $13 billion worth of IBM’s stock that Berkshire has purchased over the past four-plus years. Berkshire says it is still committed to IBM, calling the downturn in IBM’s stock “temporary.” “IBM continues to […]

Next
Ukraine’s economic downturn has slowed sharply
News

Polish PGNiG will supply gas to the GTS Operator of Ukraine

The group of the companies Energy Resources of Ukraine together with its Polish partner the state oil and gas company PGNiG won the tender for gas supply for the GTS Operator of Ukraine. This is stated in the message of the company “ERU Trading”. “ERU Trading was able to offer the most competitive prices thanks […]

Next