The World Bank has maintained its forecast for Ukraine’s GDP recovery in 2021 at 3.8% after falling by 4.0% in 2020. The economic growth forecast for the next 2 years has improved, according to the World Bank report.
In particular, according to the new forecast, Ukraine’s economy will grow by 3.5% in 2022 and by 3.7% in 2023. Previously, growth was expected at 3.1% over 2 years.
The report notes that economic activity should continue to recover in the second half of 2021, as this is facilitated by higher yields, stronger consumer demand and favorable external conditions.
In 2021, Ukraine’s economy will grow by 3.8% due to the positive base effect in agriculture and compared to last year’s decline.
The forecast also takes into account the possibility of further temporary lockdowns and additional strengthening by the central bank in order to consolidate inflation expectations.
It is expected that in the second half of 2022, inflation will fall to the target level due to the effect of monetary policy.
During trading on Monday, October 11, the price of a barrel of Brent oil rose by 2% to $ 84.01. She reached this mark for the first time since October 2018. US WTI oil rose by $ 1.62 to $ 81.3 – the highest price since 2014, according to Reuters. It is noted that Brent […]
The agreement on a single corporate tax rate of at least 15 percent was signed by 136 states, which account for more than 90 percent of world GDP. The agreement is aimed at combating tax evasion by international corporations. The initiative was also signed by countries that were initially opposed to tax reform, such as […]
The savings of Ukrainian citizens outside the banking system are estimated at $ 30-35 billion. This estimate was given by the chairman of the National Bank Kyrylo Shevchenko during the Kyiv Economic Forum. There are different estimates of the “gray” economy. We in the National Bank believe that this is up to 30% of GDP. […]
During the week, the National Bank of Ukraine bought $ 228 million on the interbank foreign exchange market. At the same time, the central bank did not sell currency on the interbank market. So the NBU continued to buy currency on the interbank market, the bank increased it compared to last week ($ 15 million) […]
The new Tesla factory in Berlin may release the first electric cars next month. CEO Elon Musk stated this. Speaking at the plant, Musk said he hoped to get the green light to begin production in the coming weeks. The last consultation on public concern about the plant ends on October 14, after which the […]
In China, two more developers are unable to repay their debts: Fantasia Holdings has been unable to repay bonds worth $ 205.7 million, and Sinic Holdings is uncertain about the repayment of $ 246 million in bonds, the BBC reports. The day before, trading in Evergrande shares was suspended on the eve of “an announcement […]
Telegram Messenger registered more than 70 million new users against the background of a large-scale failure of the social network Facebook and its services. The founder of the messenger Pavlo Durov announced this in his Telegram-channel. “Telegram’s daily growth rate is an order of magnitude higher than normal, and in one day we have received […]
Ukreximbank’s Chairman of the Board Yevhen Metzger has written a statement resigning during the investigation into the attack on journalists. “The situation around the bank is unacceptable. My overly emotional reaction and unrestrained behavior towards journalists are not justified. I am fully aware of my responsibility,” the statement said. To remove partially the damage to […]
Striving for sustainable growth, the Credit Agricole Group implements the Climate Strategy, which is a high-priority and an integral part of the Group’s Medium Term Plan 2022. Credit Agricole Bank fully supports the Group, and under the approved strategy, plans to reduce its direct carbon footprint by 10% during 2018–2022, and become one of TOP […]
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Significant strengthening of the hryvnia against the dollar is due to four main factors. Vasyl Furman, Deputy Chairman of the Council of the National Bank of Ukraine, said this on the air of Ukraine 24 TV channel. “This is primarily an increase in prices in commodity markets, on the one hand, although, on the other […]
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Johnson & Johnson plans to complete the third phase of trials of its single-dose vaccine against COVID-19 in mid-January 2021. Paul Stoffels, vice chairman of the executive committee, senior scientific expert at Johnson & Johnson said they plan to deliver to market 1 billion doses. “We are in the middle of the third phase of […]
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The Antimonopoly Committee of Ukraine (ACU) instituted a proceeding against JSC “Ukrtatnafta” for submitting the committee with incomplete information. As the press service of the AMC said, the committee is investigating part of case instituted on the grounds of violations of the legislation on the Protection of Economic Competition by the companies “Ukrtatnafta” JSC, “SPC-Galicia”, […]
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Two scientists from Lviv won the competition of projects of the National Research Fund of Ukraine. They will be provided with funds for developing a vaccine against the corona virus COVID-19, as well as to create a new generation of antibiotics. This was announced on Wednesday, September 9, by the head of the Lviv Regional […]
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Microsoft`s shares fell slightly on Monday before the opening of trading due to the news of the failure the deal of buying the popular application TikTok in Chinese ByteDance. Through the support of the deal by President Donald Trump, Shares of Oracle, which is considered №1 candidate of buying TikTok increased by 10% before the […]
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Panasonic Corporation shareholders intend to invest $ 260 million in the continuation of construction for production of solar plant in the State of New York (Buffalo). This is reported by foreign journalists edition of The Wall Street Journal referring to representatives of the Japanese company. According to official information, the company will be put into […]
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Shares of AT&T, which have lost 27.6% of value since the beginning of the year, rose up to 5.8% on Thursday after the publication of better-than-expected Wall Street analysts, earnings for the 3rd quarter, which ended on September 30. AT&T reported earnings per share of $ 0.76, which is 19% below last year’s value, but […]
Next14 famous international airlines, such as British Airways, Air France-KLM, Qantas Airways, Air Canada, etc., were accused of cartel in the area of ??cargo and had to pay a fine of € 790 million. The European court of general jurisdiction, the second most important court in the EU, in its verdict says that the decision, […]
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Global automakers lost about $ 250 billion in the first half of this year due to the coronavirus pandemic. It is noted that Toyota Motor Corp. and Volkswagen AG – the world’s two largest automakers in terms of sales – suffered the largest significant revenue losses in the first half. “Japan’s Toyota lost $ 35.45 […]
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The supervisory board of Vinnitsafarmation in the press release reported:” Vinnitsafarmation which owns ‘Bazhayemo zdorovya’ network of pharmacies , intends to reacquire 18 million of common shares PJSC ‘Vinnitsafarmatsyia’ intends to redeem 18 million of common nominal shares”. PJSC ‘Vinnitsafarmatsyi’a plans to make the relevant decision at extraordinary general shareholder meeting which will take place […]
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Technical failure occurred on the Tokyo Stock Exchange, due to which the trading was suspended. This is stated in the statement by Japan Exchange Group, which owns the exchange. “Trading of all shares on the Tokyo Stock Exchange has been suspended due to the failures related to the delivery of the market information, ” – […]
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Shares of Visa, which rose 4.7% since the beginning of the year and recovered almost all losses in February and March, which decreased after the publication of the financial report for the 3rd quarter, that ended on June 30. Income per share of Visa in the 3rd quarter decreased from 23% to $ 1.06, which, […]
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An emergency situation due to the coronavirus has been declared in Ukraine. Probably a lot of people still do not have a full understanding of what it is and what restrictions have been imposed for the society and business. We asked S&P Investment Risk Management Agency to explain everything in detail. All the details are […]
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The American corporation The Walt Disney Company has announced the forthcoming closure of the animated studio Blue Sky Studios, which has created a number of world-famous cartoons. Bloomberg announced this on Tuesday, February 9, citing a company statement. “Given the current economic situation, after much deliberation and evaluation, we have made a difficult decision to […]
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After the closure of the Russian market, Milkiland determined priority markets of the European Union, the Middle East and China. CEO of the company Anatoly Yurkevich said it in an interview with “Business.” “We see a very simple way out of this situation: work in the domestic market, beginning to develop and manufacture products for […]
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