Press Archive
Ukraine Foreign Reserves Reach USD 29bn After Rising 15% in 2020
The notable rise in Ukraine’s forex reserves in 2020 occurred simultaneously with the national currency moving in the opposite direction; the hryvnia devalued by 16% against the dollar last year.
Kernel Posts Massive Profit of USD 204mn for Jul-Sept Quarter
Kernel’s net profit for the Jul-Sept quarter was absolutely massive and implies earnings per share of PLN 9.11, translating at the current PLN/USD exchange rate.
Ukraine Headline Inflation Edges Up to 2.6% in October from 2.3% in September
In October alone there was inflation of 1.0% MoM on the back of 1.1% MoM increase in the aggregate food price index.
Kernel Posts Full-Year EBITDA Increase of 28% YoY to USD 440mn
Kernel’s reported EBITDA for FY20 was 8% above our latest forecast, confirming further healthy growth of the company’s overall business.
Ukrainian Industrial Decline at 5.3% YoY for August and 7.4% for 8M20
In other macroeconomic statistics, retail sales increased by a very impressive 8.7% YoY in August
Ukraine Headline Inflation Stays Near All-Time Low at 2.5% in August
There was a traditional seasonal monthly deflation seen in both August and July due to lower prices for agricultural produce food staples.
Industrial Output Down 4.2% YoY in July and 7.7% YoY for 7M20
It should be noted that Ukrainian industry is currently performing hardly any worse than it was before the start of the COVID crisis in March, as there were year-on-year declines in the 3-5% range during the November-February period.
Ukraine Sees Deflation of 0.6% MoM in July; Headline CPI Stays at 2.4%
Rolling 12-month “headline” inflation stayed unchanged at 2.4% in July
Ukraine Industrial Decline Slows to 12% YoY in May After 16% Drop in April
For 5M20, UkrStat’s industrial index is down by 8.7% YoY.
Ukraine’s Public Debt at USD 80bn, Implying 54% Debt/GDP Ratio
The Finance Ministry reported that Ukraine’s overall public debt stood at USD 80.4bn as of Apr 1, decreasing in USD terms by 3.6% MoM
