The decline of Ukraine’s economy accelerated in February

News

The decline of Ukraine’s economy accelerated in February

16.04.2021 News

In the first two months of 2021, GDP fell by 2.8%, while in January the decline was estimated at 2.6%. This is stated in the review of the Ministry of Economy

Thus, the reduction of the Consolidated Index of Production of Goods and Services by Main Economic Activities amounted to 4.2% (4% in January). Almost all key sectors of the economy, except for domestic trade, made a negative contribution to the dynamics of spare parts.

It is noted that the easing of anti-epidemiological restrictions with the transition to adaptive quarantine in February after the January lockdown contributed to the partial resumption of production activity of some economic entities.

“However, the variability of the situation with the level of morbidity, depletion of producers by permanent quarantine measures and the unpredictability of the introduction of further restrictions continue to hinder the development of key economic activities,” – said in a review.

The Ministry predicts that economic recovery will begin in the second quarter.

“The speed of economic recovery will depend on the duration and severity of quarantine restrictions. It is now clear that the first quarter of 2021 will continue to develop negative dynamics, and recovery will begin only in the second quarter, and within the country, “the statement said.

Other articles

  • Gas stations were obliged to warn of rising fuel prices
    News

    Gas stations were obliged to warn of rising fuel prices

    The Cabinet of Ministers has introduced a mandatory declaration of an increase in retail prices for gasoline and diesel fuel by more than 1%. Now the price increase must be reported in 20 days. This is stated in Government Resolution №450 of March 29, 2021, which was updated. The list of socially significant goods to […]

  • The UN has improved its GDP forecast this year
    News

    The UN has improved its GDP forecast this year

    The United Nations has raised its GDP growth forecast to 5.4% (from 4.7% in January) in 2021. This is stated in the report of the organization. According to the UN, after a sharp decline of 3.6% in 2020, the world economy is expected to grow by 5.4% this year. It is noted that global growth […]

  • Bezos sold Amazon shares for $ 6.7 billion
    News

    Bezos sold Amazon shares for $ 6.7 billion

    Amazon founder and CEO Jeff Bezos sold shares of the company worth about $ 6.7 billion for the period from 3 to 10 May. This was reported by Interfax on Wednesday, May 12, citing data from the Securities and Exchange Commission (SEC). In particular, from May 3 to 6, Bezos sold 1.48 million shares for […]

  • Lowcost will start flying from Kyiv to the UAE
    News

    Lowcost will start flying from Kyiv to the UAE

    Wizz Air will start operating regular flights between Kiev and Abu Dhabi from July 1, 2021. This was announced on Monday, May 10, CTS with reference to the information published by the carrier. It is specified that flights from Ukraine will be carried out from the airport in Borispol. “Flights will be operated three times […]

  • Ukraine’s reserves have grown by a billion dollars
    News

    Ukraine’s reserves have grown by a billion dollars

    In April, Ukraine’s international reserves increased by $ 965.30 million (by 3.6%) and as of May 1 amounted to $ 28 billion. This was reported on the website of the National Bank. “In April, they increased by 3.6%, taking into account foreign exchange earnings in favor of the government and the revaluation of financial instruments,” […]

  • Musk became the “most expensive” CEO in the United States
    News

    Musk became the “most expensive” CEO in the United States

    The founder of Tesla and SpaceX, Elon Musk, became the highest paid CEO in the United States last year, according to Forbes magazine. The publication reminds that in 2018 Musk gave up his salary at Tesla. Instead, he receives a reward in the form of options on the company’s shares. In 2020, the businessman received […]

  • Ford recalls more than 660,000 SUVs in North America
    News

    Ford recalls more than 660,000 SUVs in North America

    American carmaker Ford is recalling more than 661,000 Ford Explorer crossovers in North America due to problems with disconnecting the roof rails. Reuters reported this the day before. The US National Highway Traffic Safety Administration requested a recall. If necessary, the dealer will install special pins and replace the damage. Since the beginning of 2020, […]

  • Oil is rising due to a hacker attack in the United States
    News

    Oil is rising due to a hacker attack in the United States

    World oil prices of reference brands began the working week with a moderate increase amid disruptions in the US Colonial Pipeline after a hacker attack. This is evidenced by trading data on Monday, May 10. Thus, July futures for Brent on the London Stock Exchange ICE Futures rose by $ 0.57 (0.83%) – to $ […]

Read also

The decline of Ukraine’s economy accelerated in February
News

Milkiland enters the markets of the Middle East and China

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 […]

Next
The decline of Ukraine’s economy accelerated in February
News

Trump won: the companies begin to take out assets abroad

By the last calculations, Donald Trump has won  in the  USA elections . The majority of world editions have reported already about it which reputation don’t allow doubting the validity of this information . As  the Air Force reports, for the time being, the candidate of republicans  has collected 278 votes of delegates.  Hilary Clinton […]

Next
The decline of Ukraine’s economy accelerated in February
News

Robinhood in June surpassed all brokers by number of deals

Startup company in the brokerage industry of the Robinhood on Monday for the first time published their monthly trade data platform. Robinhood Markets is a discount brokerage company that has become popular with novice investors, which offers commission-free trading through its website and mobile app. One of the key indicators which used in the brokerage […]

Next
The decline of Ukraine’s economy accelerated in February
News

Commerzbank is suing four banks in the US for $ 2 billion

Failure by banks of their obligations under the agreement is a part of the reason for the lawsuits, the amount of which is sometimes measured in billions of dollars, it depends on the losses. One of the largest financial institutions in Germany  Commerzbank, requires four US banks for damages in the amount of $ 2 […]

Next
The decline of Ukraine’s economy accelerated in February
News

Amazon announced the launch of Amazon Payment One by scanning the palm

On Tuesday, Amazon announced another innovation – Amazon One technology, which will be tested for the first time in two Amazon Go stores in Seattle. The company has established in their new turnstiles which will be the quicker alternative to make the purchases. The format of the Amazon Go stores is designed so that customers […]

Next
The decline of Ukraine’s economy accelerated in February
News

Ukroboronprom has signed $ 1 billion deals in the UAE

As part of the visit of Ukrainian President Volodymyr Zelensky to the UAE, Ukroboronprom signed agreements and contracts with Tawazun Economic Council and EDGE Group to expand military-technical cooperation totaling more than $ 1 billion. The president’s office reports. It is noted that the agreement with EDGE on military and technical cooperation will allow the […]

Next
The decline of Ukraine’s economy accelerated in February
News

The National Bank withdraws another coin from circulation

National Bank removes from circulation 25 of coin. From October 1, a coin of this denomination ceases to be a means of payment. This was stated at a briefing by Deputy Head of the NBU Oleksiy Shaban, according to the website. According to him, from October by these coins will not be able to pay […]

Next
The decline of Ukraine’s economy accelerated in February
News

Salesforce announced the purchase of Slack messenger for $ 27.7 billion

Salesforce is one of the world’s largest players in the cloud computing sector. They will buy Slack Technologies, the owner of Slack’s corporate messenger. The Wall Street Journal reports, Messenger will cost Salesforce $ 27.7 billion, which will be the largest acquisition of the company in its history. The terms of the deal include that […]

Next
The decline of Ukraine’s economy accelerated in February
Analytics News

Top 5 of the best business schools

A Business, as well as any other sphere of professional activity, demands from the person a certain complex of knowledge, abilities and tendencies. In any case, if you actually plan to achieve stable success as the entrepreneur, the corresponding education will become some kind of catalyst in the course of achievement of this purpose. The  […]

Next
The decline of Ukraine’s economy accelerated in February
News

Coca-Cola’s net profit for 9 months decreased by 9%

The net profit of the world’s largest producer of soft drinks Coca-Cola, which falls on the company’s shareholders, in the first nine months of the year decreased by 9% year on year and amounted to 6.291 billion dollars, according to company reports. Adjusted earnings per share were $ 1.46 against $ 1.6 a year earlier. […]

Next
The decline of Ukraine’s economy accelerated in February
News

Germany’s economy has fallen to what was 50 years ago

German economy in the second quarter of this year decreased by 9.7% compared with the previous three months. This is evidenced by the final data of the Federal Statistical Agency of Germany (Destatis), according to Interfax-Ukraine. It is noted that this is the most significant rate of decline since the beginning of accounting rate in […]

Next
The decline of Ukraine’s economy accelerated in February
News

The Verkhovna Rada has allowed Ukrainian aircraft industry the creation of joint ventures with foreign partners

The Verkhovna Rada adopted a law providing for the possibility of establishing state enterprises Ukrainian aircraft industry joint ventures (JVs) with foreign partners. Law №4809 “On Amendments to Certain Legislative Acts of Ukraine regarding the establishment of conditions for international cooperation entities of aircraft and the development of domestic aircraft” supported 241 MP of the […]

Next
The decline of Ukraine’s economy accelerated in February
News

CREDIT AGRICOLE EXTENDS OPPORTUNITIES FOR BUSINESSES UNDER “AFFORDABLE LOANS AT 5-7-9%” PROGRAM

Recently, government program “Affordable Loans at 5-7-9%” has been significantly amended allowing small and medium businesses to get even more opportunities to obtain loans at the rate of 0% p.a. or a reduced rate of 3% p.a. For this purpose, Credit Agricole and the Entrepreneurship Development Fund signed new agreements. What has changed for customers […]

Next
The decline of Ukraine’s economy accelerated in February
News

Facebook has decided to combine Instagram and Messenger

Facebook has begun merging Messenger and Instagram chats into a single correspondence system. The Verge writes about it. Reportedly, till August 14, many users of both iOS and Android devices in the Instagram mobile application began to receive notifications about the possibility of correspondence with friends who use Facebook. After the update, the usual Direct […]

Next
The decline of Ukraine’s economy accelerated in February
News

Tesla is recalling 50,000 vehicles

Tesla is recalling about 50,000 Model S and Model X cars manufactured in the United States in different years and imported to China due to the identified suspension problems. This was reported on its website by the Chinese State Administration of Market Regulation. According to the statement of the Chinese regulator, almost 30 thousand Model […]

Next
The decline of Ukraine’s economy accelerated in February
News

Twitter shares fell more than 17%

According to trading data, securities of the microblogging service Twitter Inc. after the close of the main trading session in the US fell in price by more than 17%, also according to financial statements, in the red were the shares of US technology giants Amazon, Apple and Facebook, only Alphabet reporting pleased investors. Thus, shares […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com