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NBU improved the budget deficit forecast in 2016.

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The National Bank has improved the state budget deficit forecast for 2016 from 3.4% of GDP to 2.9% of GDP. This is stated in the quarterly report, the inflation control. According to the NBU believe that fiscal policy will remain restrained in 2016 (the structural balance of the consolidated budget…

The EU has increased the purchase of Ukrainian corn by 37%.

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In June this year, the export of maize from Ukraine amounted to 919.7 thous.tons compared to 1716.6 thous.tons in June of 2015. Since the beginning of the current season, Ukraine exported 16 million tons of corn, which is 9% less than the same period last season (17.587 million tons in…

Farmers are waiting for a record crop of peas.

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This season Ukrainian farmers are waiting for a record crop of peas. Gross harvest of this crop in 2016 could reach 752 million tons, and it is exactly two times more than last year. The report said that the pea harvest this season will break all records for the last…

NBU sold to banks certificates of deposit 11 755 million hryvnia.

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The National Bank on Monday, August 1 banks sold their certificates of deposit totaling 11 755 million hryvnia. The National Bank to regulate liquidity mobilized banks funds through a tender to deploy NBU deposit certificates overnight weighted average interest rate of 13.50% per annum 44 banks for a total of…

EIB provided EUR 400 million to Ukrainian farmers.

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The EIB can provide 400 million euros Ukrainian farmers. The European Investment Bank (EIB) can provide funds for subsidized loans Ukrainian small and medium farmers in the amount of 400 million euros. It is reported by the press service of Ministry of Agricultural Policy, with reference to the Head of…

Ukraine and Israel planned to conclude an agreement on free trade zone.

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Completed third round of negotiations on the Agreement on free trade with Israel. The negotiators worked main contentious issues of the draft – institutional, general and final provisions, customs procedures, rules of origin, trade, dispute settlement. The main attention is paid to market access for goods. Ministry of Economic Development…

NBU: In the second quarter GDP grew by 1.2%.

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The Deputy Head of the NBU Dmitry Sologub during a press conference that the preliminary estimates of the National Bank, Ukraine’s economy after growth in the first quarter to 0.1% in the second quarter increased by 1.2%. Recall, the results of 2016 NBU expects GDP growth of 1.1%.

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