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Survey: Ukraine’s businesses financially recovering from COVID-19 pandemic

Ukraine’s businesses are financially recovering from the COVID-19 pandemic, a survey shows.  According to the study, presented on Sept.21 by the …
Thaisa Semenova

Business Update: Pandemic not likely to affect Ukraine’s visa-free travel with EU

The COVID-19 pandemic will likely not affect the current visa-free regime between Ukraine and the European Union, a top European Commission official …
Jack Laurenson

Business Update: Ukraine expects $5 billion IMF loan approval on June 5, first payment next day

Ukraine expects a $5 billion IMF loan to be approved on June 5, Prime Minister Denys Shmyhal has said in an interview with Reuters. The first tranche …
Jack Laurenson

Business Update: Ukraine International Airlines moves to cut 900 jobs, country opens some EU borders

Ukraine International Airlines (UIA) has started the process of firing 900 of its employees, and plans to reduce the size of its long-haul fleet, UIA …
Jack Laurenson

Business Update: Kyiv to lift more lockdown restrictions, railway ticket offices open

The Ukrainian capital Kyiv is to open hotels, shopping and leisure centers on May 30. Shopping and entertainment centers in Kyiv will start operating …
Jack Laurenson

Business Update: Railway stations, airports prepare to reopen as lockdown slowly lifted

Unemployment has increased during the COVID-19 lockdown and there are now an estimated 3.5 jobseekers for each available job in Ukraine, according to …
Jack Laurenson

Business Update: Ukraine to prepare for possible next wave of COVID-19 infections

Ukrainian President Volodymyr Zelensky has told his country to prepare for the possibility of a second wave of the coronavirus, despite uncertainty …
Jack Laurenson

Business Update: Ukraine reaches tentative $5 billion agreement with IMF

Ukraine and the International Monetary Fund (IMF) have reached an agreement on new financial support amid the effects of the coronavirus pandemic. An …
Jack Laurenson

Business Update: COVID-19 pushes more Ukrainian families below poverty line

The number of Ukrainian households at or below the official poverty line will grow to 45% in 2020, the Social Policy Ministry has stated, as reported …
Jack Laurenson

Business Update: Ukraine to start lifting COVID-19 lockdown

Ukraine will extend its COVID-19 quarantine measures to June 22 but start lifting more severe restrictions this week. The opening of some public …
Jack Laurenson

Business Update: Economic downturn to peak in second quarter, air travel may return in summer

Ukraine’s current economic downturn will peak in the second quarter of this year the National Bank of Ukraine predicted in a statement issued on May …
Jack Laurenson

Business Update: State Customs Service dismisses senior staff, Kyiv begins slow reopening

The State Customs Service has dismissed half of its office directors. Almost all of the senior staff dismissed were heads in charge of regional …
Jack Laurenson

Business Update – April 15: Imminent IMF aid, remittance risks, food delivery frenzy

Ukraine expects to receive the first tranche of new IMF aid within the next two weeks, according to the Presidential Office. However, the exact size …
Matthew Kupfer

Business Update: May 14 – Trio tried for raiding foreign investor, Kyiv loses $56 million

Ukraine fulfills all conditions for obtaining further financial aid from the EU. As soon as the International Monetary Fund (IMF) provides its final …
Denys Krasnikov

Business Update: May 13 – IMF may loan Ukraine $1.75 billion, Wizz Air to resume Ukraine flights

Parliament passes the bank law, a necessary step for receiving a new IMF program. In total, 270 lawmakers voted for the so-called “anti-Kolomoisky” …
Denys Krasnikov

Business Update: May 12 – Less steel & GDP, more roads & trade for Ukraine

J.P. Morgan expects a 5.1% decline in Ukraine’s GDP in 2020. This decline aligns with predictions of the National Bank of Ukraine, which said it would …
Denys Krasnikov

Business Update: May 11 – Restrictions ease, seasonal workers depart, nuclear power dwindles

New rules: Ukraine’s small businesses are resuming work on May 11–12. The lifting of some coronavirus quarantine measures started on May 11 for …
Denys Krasnikov

Business Update: May 8 – IKEA comes, inflation drops, reserves grow

Ukraine’s international reserves increased by $800 million in April. This is a 3.1% climb, according to the National Bank of Ukraine. In total, …
Denys Krasnikov
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