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Russian forces tried to break through Ukrainian lines in all regions but had no success.

Today’s News

Friday, December 9

Russian forces tried to break through Ukrainian lines in all regions but had no success. Ukraine’s General Staff said Ukrainian troops repelled Russian attacks near 15 settlements in the eastern Donetsk, Luhansk, and Kharkiv regions over the past day. Accord...

NATO sees no prospects for negotiation or relationship with Russia any time soon.

Thursday, December 8

NATO sees no prospects for negotiation or relationship with Russia any time soon.

Hungary has blocked the provision of €18B to Ukraine.

Wednesday, December 7

Hungary has blocked the provision of €18B to Ukraine.

Russia has claimed that Ukraine launched drone attacks against two Russian military airbases.

Tuesday, December 6

Russia has claimed that Ukraine launched drone attacks against two Russian military airbases.

The World Bank has increased the reconstruction cost and Ukraine’s GDP decline.

Monday, December 5

The World Bank has increased the reconstruction cost and Ukraine’s GDP decline.

Morning Economic Digest

Straight, factual, timely and investable business news and economic trends from Ukraine, Europe’s next Frontier Economy.

Today’s News

Friday, December 9

Hungary opposes the new package of sanctions against Russia.

Hungary opposes the new package of sanctions against Russia. In addition, the Orban government does not support the proposal to double the EU fund, which finances the supply of weapons to Ukraine, writes the FT. The publication, referencing information from hig...

NATO funds from multiple countries may provide Ukraine with $3.4B intended for Afghanistan.

NATO funds from multiple countries may provide Ukraine with $3.4B intended for Afghanistan. Ukraine may receive additional funds as a result of the redistribution of the fund created by NATO countries to support the Afghan army. As Politico writes, NATO countries are ready to consider redist...

Russia continues sabotaging the world with its Zaporizhzhia NPP occupation.

Russia continues sabotaging the world with its Zaporizhzhia NPP occupation. Russian troops have placed several Grad rocket launchers near power unit number six of the occupied Zaporizhzhia nuclear power plant, near the plant’s dry storage of spent nuclear fuel, Ukraine’s nucl...

Ukraine needs to triple its GDP per capita.

Ukraine needs to triple its GDP per capita. Ukraine must make a triple economic jump from a transitional economy to a developing one. In particular, the challenge is to increase the gross domestic product per capita from a pre-war level of $4,...

The National Bank of Ukraine keeps the key policy rate at 25%.

The National Bank of Ukraine keeps the key policy rate at 25%. Ukraine’s central bank kept borrowing costs unchanged at 25% even as a barrage of Russian missile attacks have further imperiled the economic outlook. “An extended full-scale war by Russia and escala...

The Ministry of Economy predicts export growth of UAH 100B in five years.

The Ministry of Economy predicts export growth of UAH 100B in five years. In the current state of limited logistics resources, the Export Credit Agency’s (ECA) tools will stimulate the export of goods with high added value, said the Minister of Economy of Ukraine, Yulia Svy...

Companies collaborating with the Russian army were included in the US blacklist.

Companies collaborating with the Russian army were included in the US blacklist. The Biden administration has added 24 companies to the export control blacklist for supporting the Russian military or defense industry, Pakistan’s nuclear activities, or supplying electronics t...

The US Senate has supported a resolution recognizing the Russian Federation's actions in Ukraine as genocide.

The US Senate has supported a resolution recognizing the Russian Federation's actions in Ukraine as genocide. The US Senate Committee on International Relations adopted a resolution recognizing the Russians’ actions in Ukraine as genocide, the US Senate reported. “Crimes committed against the Ukra...

The European Commission presents the 9th package of sanctions against Russia.

The European Commission presents the 9th package of sanctions against Russia. The head of the European Commission, Ursula von der Leyen, presented the ninth package of sanctions against Russia, which the EU countries must approve. About 200 individuals and legal entities were a...

New business registration in Ukraine decrease by 25%.

New business registration in Ukraine decrease by 25%. During October-November, slightly more than 33,000 FOP (sole proprietorships) and almost 55,000 legal entities were registered in Ukraine, according to YouControl Market research. Indicators fell by 2...

Russian drones were used to attack Ukrainian territory overnight due to a shortage of missiles.

Russian drones were used to attack Ukrainian territory overnight due to a shortage of missiles. Russia launched 14 Iran-made kamikaze drones from the southeast in an overnight attack on Ukraine following a three-week break, according to Ukraine’s Air Force. Ukraine’s air-defense troops shot dow...

The government has allocated €340M to restore social and critical infrastructure in 10 regions.

The government has allocated €340M to restore social and critical infrastructure in 10 regions. The money was provided to Ukraine under the financial agreement between Ukraine and the European Investment Bank (EIB) within the Ukraine Recovery Program. According to the Ministry of Regions, it is ...

Ukraine's international reserves exceed the pre-war level.

Ukraine's international reserves exceed the pre-war level. As of December 1, Ukraine’s international reserves amounted to $27.95B and exceeded their level at the beginning of the war, which was $27.4B. In November, reserves increased by 10.7% due to an ...

The US and Britain become energy partners to end Europe's dependence on Russia.

The US and Britain become energy partners to end Europe's dependence on Russia. On December 7, the United States and Great Britain announced the creation of a partnership under which they will work to reduce global reliance on Russian energy exports, stabilize energy markets, and...

Europe has passed the US in terms of aid commitments to Ukraine.

<img width="220" height="156" src="https://ubn.news/wp-content/uploads/2022/12/hq_euUkraine-220x156.jpeg" alt="Europe has passed the US in terms of aid commitments to Ukraine." />

Europe has passed the US in terms of aid commitments to Ukraine. This has happened for the first time since the beginning of the full-scale war. According to a study by the Kiel Institute of World Economy (IfW), EU countries and institutions have committed to provi...

The EBRD has already provided Ukraine with €1B and mobilized more than €1.4B in donor aid.

<img width="220" height="156" src="https://ubn.news/wp-content/uploads/2022/12/hq_support-220x156.jpeg" alt="The EBRD has already provided Ukraine with €1B and mobilized more than €1.4B in donor aid." />

The EBRD has already provided Ukraine with €1B and mobilized more than €1.4B in donor aid. As the President of the EBRD, Odile Renaud-Basso said, the US contributed $500M to the Fund for Crisis Response to the War in Ukraine, adding to the €1.4B in donor support. Norway, which provided €200...

The Ukrainian electricity market operator will begin preparations for the unification of the Ukrainian and European spot markets.

<img width="220" height="156" src="https://ubn.news/wp-content/uploads/2022/12/hq_electricity-e1670452815941-220x156.jpeg" alt="The Ukrainian electricity market operator will begin preparations for the unification of the Ukrainian and European spot markets." />

The Ukrainian electricity market operator will begin preparations for the unification of the Ukrainian and European spot markets. The market operator joined the Committee of European Market Operators, the NEMO Committee, in the status of an observer of the operation of the unified spot market of electric energy of the EU, the st...

Russia has changed their narrative regarding the safety zone around the Zaporizhzhia NPP.

<img width="220" height="156" src="https://ubn.news/wp-content/uploads/2022/12/hq_znpp-1-e1670452583522-220x156.jpeg" alt="Russia has changed their narrative regarding the safety zone around the Zaporizhzhia NPP." />

Russia has changed their narrative regarding the safety zone around the Zaporizhzhia NPP. Russian media reports that the Ministry of Foreign Affairs of Russia will strive to reach an agreement on creating a protective area around the ZNPP by the end of the year. “We will strive for t...

Ukrainians are no longer afraid of rising prices and exchange rate fluctuations.

<img width="220" height="156" src="https://ubn.news/wp-content/uploads/2022/12/hq_prices-220x156.jpeg" alt="Ukrainians are no longer afraid of rising prices and exchange rate fluctuations." />

Ukrainians are no longer afraid of rising prices and exchange rate fluctuations. In November 2022, the Consumer Sentiment Index in Ukraine was 85.2 points, which is 1.6 points higher than the October indicator. According to an Info Sapiens study, Ukrainians have become somewhat le...

The export of IT services during the year has exceeded $6B.

<img width="220" height="156" src="https://ubn.news/wp-content/uploads/2022/12/hq_itExport-e1670451893878-220x156.jpeg" alt="The export of IT services during the year has exceeded $6B." />

The export of IT services during the year has exceeded $6B. Over the first ten months of the year, the export of IT services grew by 9.9% and brought in more than $6B, surpassing the 2021 figure by $542M, according to data from the National Bank. At the same t...

Ukraine’s international reserves exceed the pre-war level.

Ukraine’s international reserves exceed the pre-war level. As of December 1, Ukraine’s international reserves amounted to $27.95B and exceeded their level at the beginning of the war, which was $27.4B. In November, reserves increased by 10.7% due to an ...

The US and Britain become energy partners to end Europe’s dependence on Russia.

The US and Britain become energy partners to end Europe’s dependence on Russia. On December 7, the United States and Great Britain announced the creation of a partnership under which they will work to reduce global reliance on Russian energy exports, stabilize energy markets, and...

Europe has passed the US in terms of aid commitments to Ukraine.

<img width="220" height="156" src="https://ubn.news/wp-content/uploads/2022/12/hq_euUkraine-220x156.jpeg" alt="Europe has passed the US in terms of aid commitments to Ukraine." />

Europe has passed the US in terms of aid commitments to Ukraine. This has happened for the first time since the beginning of the full-scale war. According to a study by the Kiel Institute of World Economy (IfW), EU countries and institutions have committed to provi...

The EBRD has already provided Ukraine with €1B and mobilized more than €1.4B in donor aid.

<img width="220" height="156" src="https://ubn.news/wp-content/uploads/2022/12/hq_support-220x156.jpeg" alt="The EBRD has already provided Ukraine with €1B and mobilized more than €1.4B in donor aid." />

The EBRD has already provided Ukraine with €1B and mobilized more than €1.4B in donor aid. As the President of the EBRD, Odile Renaud-Basso said, the US contributed $500M to the Fund for Crisis Response to the War in Ukraine, adding to the €1.4B in donor support. Norway, which provided €200...

The Ukrainian electricity market operator will begin preparations for the unification of the Ukrainian and European spot markets.

<img width="220" height="156" src="https://ubn.news/wp-content/uploads/2022/12/hq_electricity-e1670452815941-220x156.jpeg" alt="The Ukrainian electricity market operator will begin preparations for the unification of the Ukrainian and European spot markets." />

The Ukrainian electricity market operator will begin preparations for the unification of the Ukrainian and European spot markets. The market operator joined the Committee of European Market Operators, the NEMO Committee, in the status of an observer of the operation of the unified spot market of electric energy of the EU, the st...

Russia has changed their narrative regarding the safety zone around the Zaporizhzhia NPP.

<img width="220" height="156" src="https://ubn.news/wp-content/uploads/2022/12/hq_znpp-1-e1670452583522-220x156.jpeg" alt="Russia has changed their narrative regarding the safety zone around the Zaporizhzhia NPP." />

Russia has changed their narrative regarding the safety zone around the Zaporizhzhia NPP. Russian media reports that the Ministry of Foreign Affairs of Russia will strive to reach an agreement on creating a protective area around the ZNPP by the end of the year. “We will strive for t...

Ukrainians are no longer afraid of rising prices and exchange rate fluctuations.

<img width="220" height="156" src="https://ubn.news/wp-content/uploads/2022/12/hq_prices-220x156.jpeg" alt="Ukrainians are no longer afraid of rising prices and exchange rate fluctuations." />

Ukrainians are no longer afraid of rising prices and exchange rate fluctuations. In November 2022, the Consumer Sentiment Index in Ukraine was 85.2 points, which is 1.6 points higher than the October indicator. According to an Info Sapiens study, Ukrainians have become somewhat le...

The export of IT services during the year has exceeded $6B.

<img width="220" height="156" src="https://ubn.news/wp-content/uploads/2022/12/hq_itExport-e1670451893878-220x156.jpeg" alt="The export of IT services during the year has exceeded $6B." />

The export of IT services during the year has exceeded $6B. Over the first ten months of the year, the export of IT services grew by 9.9% and brought in more than $6B, surpassing the 2021 figure by $542M, according to data from the National Bank. At the same t...

Wednesday, December 7

Hungary has blocked the provision of €18B to Ukraine.

Hungary has blocked the provision of €18B to Ukraine. On December 6, in Brussels, at the meeting of finance ministers from the EU member states, there was no green light given regarding €18B in economic aid for Ukraine. Hungary is still blocking these fu...

The EU is discussing the upper limit of the gas price cap at €220.

The EU is discussing the upper limit of the gas price cap at €220. EU countries on Tuesday considered the latest proposal to reduce the gas price gap to €220 per MWh, a week ahead of a meeting where they hope to resolve the issue. Several nations, including Europe...

In 2022, Ukraine received more than $21B from food exports.

In 2022, Ukraine received more than $21B from food exports. In the11 full months of the current year, Ukraine exported 50.9 million tons of agricultural products and food for $21.1B. In terms of volume, this is by 16.7%, and in terms of value, by 13 .7% less, ...

Russia’s invasion of Ukraine will lead to a doubling of green energy capacity.

Russia’s invasion of Ukraine will lead to a doubling of green energy capacity. The International Energy Agency (IEA) noted that the global capacity of renewable energy will double over the next five years. Experts predict that worldwide capacity will increase by 2,400 GW to 5,64...

Ukrainian exporters have experienced problems with access to EU markets.

Ukrainian exporters have experienced problems with access to EU markets. Many Ukrainian exporters are complaining to the Ministry of Economy about the refusal of EU customs authorities in member states to process goods. This stems from the EU’s decision on October 6 to ban...

Ukraine and Montenegro signed a declaration on the North Atlantic perspective.

Ukraine and Montenegro signed a declaration on the North Atlantic perspective. President of Ukraine Volodymyr Zelenskyy and Prime Minister of Montenegro Dritan Abazović signed a joint declaration on the prospects of Ukraine’s membership in NATO. The declaration defines the...

The EU and the US will cover the 2023 budget deficit of $38B.

The EU and the US will cover the 2023 budget deficit of $38B. Ukraine expects the budget deficit next year will be covered by support from its international partners, said Prime Minister of Ukraine Denys Shmyhal. Shmyhal added that today, Ukraine has political p...

The Ukrainian government expects the first 2023 financial Ramstein in the first quarter.

The Ukrainian government expects the first 2023 financial Ramstein in the first quarter. Prime Minister Denys Shmyhal announced the relevant dates for the first Ramstein financial meeting for Ukraine during a briefing. According to the prime minister, work for this is already taking place...

Strikes on Russian airfields demonstrate Ukraine’s ability to attack the enemy’s rear.

Strikes on Russian airfields demonstrate Ukraine’s ability to attack the enemy’s rear. Ukrainian forces most probably carried out the strikes on Engels-2 air bases in the Saratov region and Diaghilev in the Ryazan region, demonstrating Ukraine’s ability to strike Russian military ...

Ukrainian intelligence announces the shortage of high-precision missiles in Russia.

Ukrainian intelligence announces the shortage of high-precision missiles in Russia. The stockpile of high-precision missile weapons in Russia is running out, said the head of Intelligence of the Ministry of Defense of Ukraine, Kyrylo Budanov. “They reached a critical minimum a ...

Architects have prepared a project for Expo 2030 in Odesa.

Architects have prepared a project for Expo 2030 in Odesa. The Zaha Hadid Architects design firm has developed an architectural project for Expo 2030 pavilions, which Ukraine wants to hold in Odesa, the bureau reported. Ukraine applied to the International Bu...

Tuesday, December 6

Russia has claimed that Ukraine launched drone attacks against two Russian military airbases.

Russia has claimed that Ukraine launched drone attacks against two Russian military airbases. The Russian Defense Ministry said Ukraine used drones to attack two Russian military airfields on Monday morning. “On December 5, Ukraine disabled two long-range Russian aircraft. It attempted to str...