Resume
- The decline in production in January 2023 decelerated compared to December 2022 in most sectors of the economy. Important: crop production indicators are not included in January's GDP estimates.
- The electricity shortage in January 2023 slightly decreased due to repairs, electricity import permits, and higher solar power generation.
- Slow inspections by russia have resulted in smaller grain exports through seaports.
- In 2022, the structure of foreign trade in services changed substantially. For the first time, a deficit was recorded due to a sharp increase in imports of travel services.
- In January 2023, Ukraine received the first tranche of a loan from the EU within the framework of macro-financial assistance for EUR 18 bn. For the subsequent tranches, Ukraine will need to do homework.
- Additional costs due to electricity shortages have not yet significantly affected consumer prices.
- Monthly price increases were less than 1% for three consecutive months, but acceleration is likely in the following months.
- At the end of January 2023, the NBU's international reserves increased to USD 29.9 bn.
