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included interviews with Astarta, Continental Farmers Group, Corteva Agriscience, JTI Ukraine, Nestle, and Philip Morris. Today, JTI is holding a trial day where all employees work outside the office.
Kyiv City Council is giving 50% ‘quarantine’ discounts on rents paid by the 6,000 small and medium enterprises that lease almost 1mn square meters of city property. The discounts are valid from March 11 to the end of July. Separately, the owners of Dream Town, the shopping and entertainment centre in Obolon, will not charge rent for the duration of the quarantine. Exceptions are food markets which remain open. Alexander Melamud, co-owner of Dream Town, writes tenants: “The events of recent days have shown that we all must survive one more test and get out of it with minimal losses, with dignity.”
Ukraine’s parliament approved at its Mar. 30 special session a bill (#3268) that permits the legal use of non-registered pharmaceuticals to treat patients infected with the coronavirus. The bill also allows the use of registered pharmaceuticals that were not originally designated for treating coronavirus, but had their effectiveness proven or were recommended by foreign state authorities. At the same time, parliament didn’t review three other bills related to the coronavirus pandemic: #3275 that expanded social and economic guarantees, #3271 to punish the illegal export of anti-viral medical supplies, and #3276 to address criminal proceedings during the quarantine period.
3.0 Macro Economy
Business cycle indicators
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018E
2019E
Real GDP, chg yoy
2.3%
-14.8%
4.1%
5.2%
0.2%
0.0%
-6.6%
-9.8%
2.3%
2.5%
3.3%
2.70%
Household consumption, chg yoy
11.8%
-14.9%
7.1%
15.7%
8.4%
6.9%
-8.3%
-20.7%
1.8%
7.8%
8.9%
4.90%
Investments in fixed capital, chg yoy
1.6%
-50.5%
3.9%
7.1%
5.0%
-6.7%
-24.0%
-9.2%
20.1%
18.2%
14.3%
7.00%
Industrial output, chg yoy
-5.2%
-21.9%
11.2%
8.0%
-0.7%
-4.3%
-10.1%
-13.0%
2.8%
0.4%
1.1%
2.50%
Nominal GDP, UAH bln
948
913
1,079
1,300
1,405
1,465
1,587
1,989
2,383
2,983
3,559
4,021
Nominal GDP, USD bln
180
117
136
163
176
183
134
91
93
112
131
146
GDP per capita, USD
3,891
2,550
2,972
3,580
3,865
4,030
3,117
2,134
2,193
2,638
3,077
3,336
CPI (eop)
22.3%
12.3%
9.1%
4.6%
-0.2%
0.5%
24.9%
43.3%
12.4%
13.7%
9.8%
7.10%
CPI average
25.2%
15.9%
9.4%
8.0%
0.6%
-0.3%
12.1%
48.7%
13.9%
14.4%
10.90 %
8.20%
Unemployment (ILO methodology, avg)
6.9%
9.6%
8.9%
8.7%
8.2%
7.8%
9.7%
9.5%
9.7%
9.9%
9.1%
8.00%
Source: SP Advisors
15 UKRAINE Country Report April 2018 www.intellinews.com