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Business
Ukrainian ag sector suffers $10-bln in losses in two years due to war
KYIV, June 18 – Direct losses of the Ukrainian agricultural sector in two years since the beginning of Russia's large-scale invasion reached more than $10 billion, so it is necessary to accelerate the pace of its restoration to ensure domestic and global food security, Acting Minister of Agrarian Policy and Food of Ukraine Taras Vysotsky said at the Forum for the Future of Agriculture.
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Ukraine’s economic growth slows in May due to attacks on power sector
KYIV, June 18 – The growth rate of Ukraine's gross domestic product (GDP) in May slowed to 3.5% from 4.2% in April and 4.8% in March due to significant damage to power generation from Russian attacks, according to the Monthly Economic Monitor of the Institute for Economic Research and Policy Consulting (IER).
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Ukraine’s economic risk rises as current account deficit widens
KYIV, June 19 – Estimates of macroeconomic risk and capital risk increased by one point on a scale from 0 to 10 due to the widening current account deficit in the balance of payments and new capital requirements, respectively, according to the Financial Stability Report of the National Bank of Ukraine (NBU) released on Wednesday.
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EBRD to allocate EUR400-mln to finance Ukrzaliznytsia and Ukrposhta
KYIV, June 19 - The European Bank for Reconstruction and Development (EBRD) is allocating about EUR400 million to finance the Ukrzaliznytsia and Ukrposhta projects, the Ministry for Communities and Territories Development and Infrastructure (Ministry for Restoration) reported on Wednesday.
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65,000, or 20% of Ukrainian IT specialists, work abroad, reports says
KYIV, June 19 - About 20% of Ukrainian IT specialists work abroad, while in 2023 their number increased to 65,000 from 50,000-57,000 a year earlier, according to the study AI Ecosystem of Ukraine: Talents, Companies, Education, produced by non-profit organization AI House and investment group Roosh with support from the Ministry of Digital transformation.
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Ukraine to ease power restrictions in August after restarting nuclear units
KYIV, June 19 – The situation with power supply to consumers will improve in August 2024, which is primarily due to the completion of scheduled maintenance at a number of nuclear power units, the State Inspectorate for Energy Supervision of Ukraine reported, citing its head Ruslan Slobodian on Wednesday.
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ABH Holdings S.A. may seek protection if Ukraine seizes Sense Bank
KYIV, June 19 – ABH Holdings S.A. (ABHH, Luxembourg) would seek protection under the BLEU (Belgium- Luxembourg)-Ukraine Bilateral Investment Treaty if Ukraine nationalizes its Sense Bank (formerly Alfa-Bank, Kyiv), which implies filing a lawsuit with an international court if the country refuses to voluntarily compensate for lost investments.
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Archive of Business
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| Currencies (in hryvnias) |
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21.03.2025 |
prev |
| USD |
41.54 |
41.57 |
| RUR |
0.489 |
0.497 |
| EUR |
45.00 |
45.32 |
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| Stock Market |
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20.03.2025 |
prev |
| PFTS |
507.0 |
507.0 |
| source: PFTS |
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