Resume
- According to the IER, real GDP growth slowed down from 1.1% yoy in October to 0.7% yoy in November due to the impact of russia's shelling of Ukrainian energy and industrial infrastructure.
- In November and the first half of December, there were several massive attacks on the energy system of Ukraine. The technical capacity of electricity imports increased from 1700 to 2100 MW.
- Due to the approach of the frontline, Metinvest stopped the operation of the coal site near Pokrovsk, which was the main source of coking coal for metallurgy.
- In November, the seaports of Ukraine handled 7.6 m t of cargo (-6% mom and +13% yoy).
- Ukrzaliznytsia transported 14 m t of cargo in November (-7% mom and -1% yoy).
- Exports slightly decreased in November to USD 3.6 bn against the background of a decline in the production of metallurgical products.
- The President finally signed amendments to the Tax Code of Ukraine, which came into force only in December (originally planned in October).
- Revenues from the CPT and the grant from the USA contributed to the growth of revenues in November.
- All important decisions have been made for Ukraine to receive funds under the ERA (Extraordinary Revenue Acceleration Loan) mechanism in the amount of USD 50 bn from the Group of Seven.
- In November, inflation exceeded 11% yoy due to a significant rise in the price of a number of food products in October and November.
- Hryvnia weakened slightly against the dollar due to a seasonal increase in demand for foreign currency.
- The NBU raised the key policy rate to 13.5% per annum due to the rapid acceleration of inflation.