In the June forecast, the European Bank for Reconstruction and Development improved its expectations for Ukraine’s economic growth in 2021 from 3% to 3.5%.
The EBRD forecasts the same growth next year.
The Bank’s analysts believe that the main risks to Ukraine’s economy are related to the slow progress of reforms in the country and the relatively slow pace of vaccination.
“Although the economy declined by 2% year on year in the first quarter of 2021 due to long-term quarantine restrictions, there are signs that it is gradually returning to growth in the second quarter due to higher commodity prices,” the forecast said.
According to the Ministry of Economy, the decline in GDP for the four months of 2021 slowed to 0.2%
Infrastructure Minister Oleksandr Kubrak denied his deputy Anna Yurchenko’s statement about toll roads in Ukraine. The day before, she said that six such roads are planned to be built in Ukraine and called the estimated cost of travel on them. “I will explain why this information is not true, and what is really happening,” Kubrak […]
The car manufacturer McLaren has introduced a new sports convertible McLaren 765LT Spider. The sports car is equipped with a 4-liter twin V-8 turbo engine with 755 horsepower and 590 Nm of torque. The car accelerates to 96 km / h in 2.7 seconds. The maximum speed reaches 280 km / h. It is reported […]
The profits of the American technology companies Apple, Microsoft and Alphabet increased significantly in the second quarter of 2021. This was reported by the BBC. It is noted that Apple’s profits have increased to 21.7 billion US dollars over the past three months amid an increase in purchases of 5G iPhone. Microsoft generated $ 16.5 […]
Another plant of the German carmaker BMW has been suspended. Next week, the company’s plant in Regensburg will be temporarily closed due to a shortage of semiconductor microchips, a BMW representative told the industry publication Automobilwoche. The plant will be shut down completely throughout the week. After that, a summer break will begin at the […]
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 […]
The Windscribe privacy tool, based in Canada, failed to encrypt corporate VPN servers recently confiscated by the Ukrainian authorities. The company provides services through the OpenVPN program. The Android app has over 5 million installs, indicating that the user base is probably much larger. “On June 24, 2021, our monitoring systems informed us that two […]
During the trading session on Monday, July 26, bitcoin accelerated growth and traded at $ 39,177 thousand (+ 10.58%). This is evidenced by data from the portal Coindesk. After that, the cryptocurrency rate slowed down and was at $ 38,939 thousand (+ 9.91%), after which it began to move further. Last night the rate of […]
Uber has announced an agreement with TPG Capital to acquire Transplace, which provides the widest portfolio of technology services and solutions in the logistics and transportation industry. The estimated amount of the deal is a considerable $ 2.25 billion, but about $ 750 million Uber will pay in the form of its own shares, and […]
Today 11 July Ukraine and Canada signed an agreement about establishment a free zone. During the signing were attended the President of Ukraine Petro Poroshenko and Prime Minister of Canada Justin Tryudou. Ukrainian MP Stepan Kubiv wrote on his page on facebook, it is a very important document for Ukraine. He will bring the relations […]Next
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 […]Next
In France, the antitrust regulator has fined Google € 500 million, according to the regulator’s press service. “The regulator has fined the company for non-compliance with several court rulings issued in April 2020,” the statement said. Agence France-Presse writes that the fine was imposed for “the corporation did not properly negotiate with the publishers of […]Next
Last year, Ukraine’s economy shrank by 4%, while the Cabinet of Ministers expected a decline of 4.8%. Data from the State Statistics Service show this. According to the Ministry of Economy, Ukraine’s GDP decreased by 4.2% in 2020. The fall in GDP last year was the first in five years. According to the State Statistics […]Next
The State Property Fund of Ukraine has chosen a company that will reassess the package of the state-owned shares of PJSC “President-Hotel” in the amount of 100% of the share capital. The winner of the contest, which was on July 27, 2016, was the company LTD “M Consulting.” The winner is required to conduct an […]Next
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
The position of the richest man in the world, Amazon CEO Jeff Bezos reached $ 199.7 billion, which is a record for a businessman. This was reported on Wednesday by Forbes magazine. The publication noted that during the trading of Amazon shares on Tuesday, the state of Bezos even exceeded the mark of $ 200 […]Next
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
The National Bank did not enter the interbank foreign exchange market this week, as in the previous seven weeks. Since the beginning of the year, the NBU has bought $ 290.5 million on the interbank market and sold $ 70 million. The balance of interventions amounted to 220.5 million dollars. It will be recalled that […]Next
The Danish Board of Appeal for the Environment and Foodstuffs has revoked the permit issued by the Environmental Protection Agency for the construction of the Baltic Pipe gas pipeline. “On July 12, 2019, the Danish Environmental Protection Authority issued an environmental permit for the construction of the Baltic Pipe. On May 31, 2021, the Environmental […]Next
The Tesa company (LLC) sold shares of Investbank to Alexey Kotovskyi. There was a requirement of the National Bank ownership structure. This was announced on the bank’s website. At the moment Alex Kotovskij owns 41.2% of the share capital of the bank. The financial institutions report says that the National Bank held an additional issue […]Next
According to the Wall street journal, the French regulatory authority has fined 20 firms engaged in the delivery for 672 million euro. The reason for this decision of regulators is financial fraud of companies, that administered prices through collusion for six years. The companies violated the law in the financial sector and in the field […]Next
From December 21, 2018, to February 15, 2019, application acceptance for participation in the Ukrainian School of Political Studies in 2019 continues. From December 21, 2018, to February 15, 2019, application acceptance for participation in the Ukrainian School of Political Studies in 2019 continues – one of the most successful educational network projects in Ukraine, […]Next
Holding LVMH Moet Hennessy-Louis Vuitton (LVMH) reported that on Monday, September 28, filed a counterclaim against Tiffany in a Delaware court over a failed merger agreement between the two companies. The French holding and the American jewelry house agreed to merge in November 2019. The parties signed the agreement under which LVMH had to pay […]Next
The President’s Office stated that the decision of the Kyiv District Administrative Court (KDAC) to dismiss NABU Director Artem Sytnyk could not be considered final, as it would be appealed. This was announced on Tuesday, October 27 by the press service of the President’s Office. The President also noted that any differences over anti-corruption bodies […]Next
The deal on the absorption by the US company Liberty Media group of companies Formula 1 is currently closed. Liberty Media has confirmed the completion of the absorption of the prestigious auto-racing Formula 1, and said that a new CEO position will head Chase Kerry. He succeeds his predecessor, Bernie Ecclestone. It became known from […]Next