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Industrial production slowed down to 4.9% drop in November.

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Falling industry slowed to 4.9% compared with November 2014. Some areas show a slight increase in production in comparison with October 2015.   The fall in industrial production in Ukraine in November 2015 compared to the same month in 2014 due to the effect of comparative base slowed down to…

VAT refund from 1 February 2016 will have two open registries.

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The Verkhovna Rada has decided to create a 1 February 2016 two public open register of the same chronological reimbursement of value added tax (VAT): one – for the automatic compensation of eligible taxpayers, the second – for the rest. The relevant provision is contained in the draft law №3688…

US launches new program to support agribusiness in Ukraine.

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The US government will launch a new project in Ukraine to support agriculture to replace terminated in 2016 a five-year program of the US Agency for International Development (USAID) «Agroinvest”. The journalists said the director of USAID Mission to Ukraine, Moldova and Belarus Jed Barton. Barton said that the US…

Business in Ukraine proposed restructuring of foreign currency loans.

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The relevant bill has already been submitted to the parliament. The Cabinet of Ministery of Ukraine submitted to the Verkhovna Rada a draft law “On financial restructuring”, developed by the Ministry of Finance together with the National Bank of Ukraine (NBU) and the Independent Association of Ukrainian Banks (NABU) as…

The trade surplus in October was $ 0.2 billion.

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In October, the surplus of the consolidated balance of payments amounted to 229 million dollars (in October last year the deficit was 3.5 billion dollars). This is stated in the accounting data of the National Bank. The National Bank notes that the formation of a consolidated surplus of balance of…

Fitch downgraded the rating of Ukraine in foreign currency.

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International rating agency Fitch upgraded the rating of Ukraine in foreign currency to “CCC” after the restructuring of eurobonds. International rating agency Fitch  raised the long-term issuer default ratings (IDR) of Ukraine in foreign currency from “RD” (restricted default) to “CCC”, according to a press release from the agency. Short-term…

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