News August 4: NBU updated macro forecast, Russia doubles war spending

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About the macro forecast. The National Bank of Ukraine published an updated macroeconomic forecast in which it improved its estimates of GDP growth and revised its estimates of inflation this year and next.

About the expenses of the Russian Federation for the war. The Reuters agency obtained access to a closed document of the Russian government, which shows that Russia has already spent the entire approved military budget for 2023, and therefore decided to double spending on the army.

About Giner’s suspicion. The State Bureau of Investigation, together with the Security Service, reported the suspicion of Russian oligarch Yevgeny Giner, who built two TPPs in the temporarily occupied Crimea and supplied ammunition to the Russian army.

About Glusco. “Naftogaz Oil Trading” LLC, with which ARMA prematurely terminated the management contract for the arrested Glusco gas stations, considers the agency’s actions illegal.

About farmers and Kakhovskaya HPP. The Cabinet of Ministers has provided payments to Ukrainians who lost their vegetable harvest due to Russians blowing up the Kakhovskaya HPP in the amount of 3,300 hryvnias for each hundredth of a plot of land of a private vegetable garden.

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