Economy Ministry expects economy reduction by 3% in Q4, 2020 1 min read
The Ministry for Development of Economy, Trade and Agriculture expects Ukraine s economy to contract by 3% in October-December 2020 compared to the same period a year earlier, Economy Minister Ihor Petrashko has said. We have already begun to see economic stabilization . The decline in the third quarter remained at 3% of GDP and 3% of GDP is expected in the fourth quarter, he said at a press conference in Kyiv.
According to the State Statistics Service, the decline in Ukraine s GDP in the third quarter of 2020 slowed down to 3.5% from 11.4% in the second quarter. In the first quarter this year it was 1.3%, while in the fourth quarter of 2019 there was an increase of 1.5%, in the third quarter 3.9%, in the second quarter 4.7% and in the first quarter 2.9%.
REUTERS
The Ukrainian Grain Association (UGA) says the government has no plans to impose restrictions on the exports of grains and oilseeds.
The Ministry for Development of Economy, Trade, and Agriculture and relevant associations discussed the issue at a meeting earlier this week, the UGA s press service said on its website.
Government officials assured that the export volumes are in line with the Memorandum signed between the ministry and the leading industry associations. Therefore, the government will initiate no export caps. Ukraine will continue to meet its commitments on grain exports and food security around the world. As of December 18, 2020, according to the ministry, Ukraine exported 23.8 million tonnes of grain, including 12.2 million tonnes of wheat, 3.7 million tonnes of barley, and 7.5 million tonnes of corn, the press service said.
Saturday, 27 March 2021, 09:16
Ukraine, ILO sign memorandum of understanding
22.12.2020 13:45
Ukrinform
Representatives of Ukraine and the International Labor Organization (ILO) have signed a memorandum of understanding on the implementation of the Decent Work Country Program for Ukraine for 2020-2024.
“As part of the National Tripartite Socio-Economic Council, Minister Ihor Petrashko signed a Memorandum of Understanding on the implementation of the Decent Work Country Program for Ukraine for 2020-2024. Heinz Koller, ILO Regional Director for Europe and Central Asia, signed the document from the International Labor Organization (ILO),” reads the report released by the Ministry for Development of Economy Trade and Agriculture.
The program includes three priorities: improved social dialogue; inclusive and productive employment; improved working conditions and social protection.
4 min. 486 The year of 2020 was a difficult one for the entire agricultural sector due to drought, pandemic, and quarantine restrictions. Despite all this, Ukraine has reached new export peaks, becoming for a number of products a leading supplier in the EU and world markets. UNIAN has learned which products became an export failure and what markets turned out to be an unexpected discovery.
Ukraine never suspended agricultural exports even in the face of a pandemic and a global lockdown. Buckwheat became the only commodity to which a temporary export ban applied, but still Ukraine managed to double its export volume on year.
Grain harvest in Ukraine in 2020 totals 65.4 mln tonnes – Economy Ministry 2 min read
In 2020, Ukrainian agricultural producers harvested 65.4 million tonnes of cereals and legumes from an area of 15.3 million hectares. The operational data of the regions on the results of the harvesting campaign was announced on Tuesday by Minister of Development of Economy, Trade and Agriculture Ihor Petrashko.
According to a report on the ministry s website, in particular, 25.1 million tonnes of wheat from 6.6 million hectares and 29.8 million tonnes of corn from 5.3 million hectares were harvested.
According to the State Statistics Service, in 2019 Ukraine harvested 75.1 million tonnes of cereals and legumes (70.1 million tonnes in 2018), of which 28.3 million tonnes of wheat (24.6 million tonnes) and 35.9 million tonnes of corn (35.8 million tonnes a year earlier).