The IMF opened a trust fund to support economic reforms in Ukraine
The International Monetary Fund has announced the official launch of a new trust fund to support economic and financial reforms in Ukraine over the next five years. The fund's goal is to raise $65 million from donor countries. The initiative to create the Ukraine Capacity Development Fund was presented in Kyiv. The initial resources of the fund amounted to $16.5 million.
Polish farmers announced a complete blockade of borders from February 20
From February 20, Polish farmers will block all border crossings and transport hubs between Poland and Ukraine.
The volume of non-return of foreign exchange earnings during the war doubled
The volume of non-return of foreign currency earnings to Ukraine doubled during the war. This was stated by the head of the NBU Andrey Pyshny during a speech at an event of the European Business Association.
In January, the money supply decreased by 2%, for the first time in a year
In January, the money supply mass in Ukraine for the first time in a year decreased by 2% or by 61.31 billion UAH – to 3 trillion 15.87 billion UAH. The last time the money supply decreased was in January 2023.
Ukrainian banks paid UAH 73.5 billion in income tax – Getmantsev
Ukrainian banks paid UAH 73.5 billion in income tax, which is 10 times more than in 2022 and 11.5 times more than in 2021. The increase in deductions is associated with a doubling of the profit tax rate for banks for 2023 to 50%. From 2024, the rate will be reduced to 25%.