E CON OM Y
E CO N O M IC NEWS IN
JA NUARY 2018
EBRD Invests EUR 800 Mio
In Ukraine In 2017
Ukraine’s State Budget 2018
envisages the def icit at the level of UAH 81.8 bn
(2.5% of GDP), inf lation of 9%, the GDP growth
forecast is 3.0% y-o-y. The exchange rate is expected
to be USD/UAH 29.3 at the year’s end. The
document also provided increase of the minimal
salary from UAH 3,200 to UAH 3,723. Read more
Ukrainian Banks Remain
Optimistic About The Growth
Of Lending To SMEs & Public In
The Next 12 M
Ukrainian banks maintain positive expectations
regarding the growth in lending to small and
medium-sized enterprises (SME), as well as the
population over the next 12 months, according to
the report “Credit Conditions Survey” posted on the
website of the National Bank of Ukraine (NBU).
According to the central bank, 72% of the banks
surveyed expect an increase in the corporate
loan portfolio over the next 12 months, with the
corresponding expectations remaining for the f ifth
consecutive quarter. Read more
NBU to permit repatriation of
dividends for 2017, relax limits
for early repayment of loans
The NBU pursuing the policy of
currency liberalization seeks to permit repatriation
of dividends for 2017 and relax limits for early
repayment of foreign loans, the central bank has
reported on its website.
“The closest priority in this area [liberalization of
the currency market] is the permission to repatriate
dividends for 2017... In addition, we can consider
the possibility of further easing restrictions on early
repayment of loans,” Director of the open markets
department at the NBU Serhiy Ponomarenko said.
consumer demand, delayed cooperation with the IMF
etc. Read more
The Gov Will Create A System
To Protect The Interests Of
Investors,
Ukrainian President said at the World Economic
Forum in Davos. The new authority, the National
Bureau for Financial Investigation, is supposed to
eliminate the inf luence of other law enforcement
agencies on business. Amendments to the Tax Code,
designed to free from taxation funds that would be
left in the country, are also envisaged. Read more
The Industrial Production
Decreased by 0.1% In 2017 vs
2016
Utilities and mining reduced by 6.5%
and 5.8% y-o-y, respectively. Agricultural production
downed 2.7% y-o-y. Deepest decline was in Luhansk
region (44% y-o-y), Khmelnitsky region (17.3% y-o-y)
and Donetsk (16.2% y-o-y). Read more
Ukraine’s President Nominated
Yakiv Smolii to the position of
the NBU Head
Previous Head Valeria Gontareva
announced her resignation in Apr 2017, which is still
waiting to be approved. Read more
Poverty Level Has Decreased
From 17% In 2016 To 12% In
2017,
Kyiv International Institute of Sociology
stated. Read more
Read more
NBU Has Worsened The
Inflation Forecast For 2018
from 7.3% to 8.9% due to growth
in prices of raw products, a higher
Issue 29 Jan 2018
page 03