The Ukrainian economy will recover from the effects of the corona crisis in two or three years. This assessment of experts was published by the Ministry of Economy in a report on the impact of coronavirus on Ukraine.
The agency reminded that last year the economy lost 4%, but this year GDP is expected to grow by 4.1%. In the next two years, growth rates will be lower – 3.5% and 3.9%.
“Ukraine needs two to three years to restore the lost potential during the COVID-19 pandemic,” the report said.
It is noted that in terms of entering the growth trajectory, the demand for labor will gradually increase, and the unemployment rate will decrease, but will not reach the pre-pandemic level (consensus estimate for 2021 remained at the previous level and was 9.2%, for 2022 – slightly increased to 8.7% compared to the previous 8.5%).
The consensus estimate of inflation for 2021 is 7.4% against 6% (preliminary estimate), for 2022 – 6.6% as opposed to 6%, respectively. Inflation will return to the National Bank’s targets (5.7% in 2023 and 5.1% in 2024).
According to the NBU, in the first quarter of 2021, Ukraine’s economy shrank by 1.5%. The central bank also downgraded its growth forecast due to quarantine restrictions.
SoftServe is expanding its presence and opening new office spaces in four cities — Vinnytsia, Khmelnytskyi, Uzhhorod, and Odesa. They are available for 250 people working in these regions as well as other employees. The coworking in Vinnytsia where SoftServe has around 50 employees is already fully operating. Odesa is the next — office space […]
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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 […]
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LDaily prepared the short overview of latest news in the sphere of business and finance for last week for the readers. If you missed something, it would a good opportunity to correct it. 1. Yaroslav Gregirchak: «Ukraine has to look as a competitive option for investment in the “supermarket” of national jurisdiction» A shoppy talk […]
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Ford official dealer representatives in Ukraine informed that Avtovinn company had developed in Vinnytsia a new Ford affiliate dealer centre. The Vinnytsia dealer centre is the third Ford centre in Ukraine . The two others have been located in Dnepr and Kyiv. It provides the full services from selling to Ford cars maintenance. The new […]
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Representatives of Ukrainian business improved their assessments of the economic condition of their enterprises and prospects in February. This follows from a monthly survey of Ukrainian enterprises, the results of which on Monday, March 1, according to the National Bank of Ukraine (NBU). It is noted that this happened in response to the weakening of […]
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The Bloomberg News agency estimated the yield a wide range of assets in 2015, ranging from currencies and stock indexes, to commodities and junk bonds. It is in the segment of junk bonds (junk, high-yield bonds) determined the most profitable asset last year – Eurobonds of Ukrzaliznytsia with maturing in May 2018. Investments in this […]
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Special isothermal containers have been developed for the transportation and storage of the new coronavirus vaccine by the pharmaceutical companies Pfizer and BioNTech. This was announced by Pfizer CEO Albert Burla in an interview with The New York Times on Tuesday, November 17. “These containers are equipped with GPS sensors and thermometers inside so that […]
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Shares of the British-Swedish pharmaceutical company AstraZeneca on the London Stock Exchange (LSE) are down 1.69% after reports of stopping trials of the corona virus vaccine, according to trading platform data. Securities lost 1.69% in value, dropping to 82.07 pounds sterling. The basic index of the British stock market FTSE 100 on Wednesday traded in […]
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PrivatBank transferred to the state budget the first tranche of dividends in the amount of UAH 10 billion, the bank’s press service reported on Friday, May 14. In total, PrivatBank will send UAH 19.4 billion for dividends to the state, which is 80% of last year’s profit (UAH 24.3 billion). In the first quarter of […]
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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 […]
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