Business news | Latest business news in Ukraine - UBN

Aid to Ukraine from international partners has reached a two-year low.

Today’s News

Friday, December 8

Aid to Ukraine from international partners has reached a two-year low. According to Ukraine Support Tracker analysts, assistance from allies and international partners for Ukraine fell to the lowest level since January 2022. From the end of summer to the end of aut...

The US Congress will consider an extension of the Lend-Lease Act for Ukraine.

Thursday, December 7

The US Congress will consider an extension of the Lend-Lease Act for Ukraine.

200 merchant ships have left Ukrainian Black Sea ports through the temporary corridor.

Wednesday, December 6

200 merchant ships have left Ukrainian Black Sea ports through the temporary corridor.

The White House warns that money and time to help Ukraine is running out.

Tuesday, December 5

The White House warns that money and time to help Ukraine is running out.

Allies are working to increase the protection of the Ukrainian energy system, while Germany is promoting investment in Ukrainian energy.

Monday, December 4

Allies are working to increase the protection of the Ukrainian energy system, while Germany is...

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 8

Ukraine presents the US with its latest weapons request, including F-18 fighter jets, as well as Apache and Blackhawk helicopters.

Ukraine presents the US with its latest weapons request, including F-18 fighter jets, as well as Apache and Blackhawk helicopters. At a closed meeting in Washington, the Ministry of Defense of Ukraine presented the US with a list of necessary weapons, which includes F-18 fighters. The latest air defense systems, such as THAAD, Ap...

Biden calls the failure to provide aid to Ukraine the “greatest gift“ for Russia.

Biden calls the failure to provide aid to Ukraine the “greatest gift“ for Russia. A bill under consideration in the US Senate, which would allocate $110B for assistance to Ukraine, Israel, Taiwan, and other purposes, did not pass a procedural vote in the US Senate. “Tonight i...

The EU plans to control all arms supplies to Ukraine while simultaneously working to increase military aid.

The EU plans to control all arms supplies to Ukraine while simultaneously working to increase military aid. The European Union intends to strengthen control over the supply of weapons to Ukraine by creating a pan-European defense market. In particular, the European Commission is developing the European Defe...

Through joint procurement, the EU has supplied Ukraine with only 60,000 shells.

Through joint procurement, the EU has supplied Ukraine with only 60,000 shells. In March 2023, the EU developed a plan to provide Ukraine with one million artillery shells, one of the key weapons in the Russian-Ukrainian war. The plan consists of three parts: supplies from the st...

A European donor funds control service will operate in Ukraine.

A European donor funds control service will operate in Ukraine. The European Anti-Fraud Coordination Service (AFCOS) will be deployed to monitor the use of money from international donors, said the head of the State Audit Service, Alla Basalayeva. “We will m...

Ukrainian banks increased earnings by 100% compared to the last pre-war year.

Ukrainian banks increased earnings by 100% compared to the last pre-war year. Through ten months of the year, Ukrainian banks earned ₴122.7B, more than twice as much as in the corresponding period of 2021, when their collective profit was ₴58.35B. State-owned PrivatBank and Osc...

Agrarian analysts predict that Ukrainian wheat prices at seaports will increase.

Agrarian analysts predict that Ukrainian wheat prices at seaports will increase. According to the Ukrainian Agri Council (UAC), prices for Ukrainian wheat in the seaports of the Odesa region are expected to rise. It is predicted that in Odessa, prices will go up by $3-$5 per ton i...

Ukraine's economy is recovering faster than forecast, but how will it do in the next two years?

Ukraine's economy is recovering faster than forecast, but how will it do in the next two years? The rate of recovery of the Ukrainian economy in 2023 exceeded initial forecasts, and the locomotive of positive change was the ability of Ukrainian businesses to adapt to the challenging conditions o...

Ukrainians cite war, corruption, and housing destruction as their most significant problems and are wary of corruption in future reconstruction.

Ukrainians cite war, corruption, and housing destruction as their most significant problems and are wary of corruption in future reconstruction. Most Ukrainians currently consider the three main problems to be the war (96%), corruption (88%), and the destruction of infrastructure and housing (82%). In November, compared to March, fears of war ...

The government of Ukraine gives a price forecast for the near future.

The government of Ukraine gives a price forecast for the near future. The growth of consumer prices in Ukraine will slightly accelerate in the coming months, but overall inflation will remain moderate. As noted in the Ministry of Economy’s review, price growth is ...

A Ukrainian AI startup has attracted $1M in investment.

A Ukrainian AI startup has attracted $1M in investment. Ukrainian start-up Respeecher, which creates voices for Hollywood and AAA games using artificial intelligence, has announced an investment from entrepreneur Gary Vaynerchuk and investment funds inclu...

Thursday, December 7

The US Congress will consider an extension of the Lend-Lease Act for Ukraine.

The US Congress will consider an extension of the Lend-Lease Act for Ukraine. The Ukrainian ambassador to the US, Oksana Markarova, said that this week Congress should also consider amendments to the defense budget for 2024, including those related to lend-lease program for Ukr...

The US Senate has presented a $111B bill that would provide aid to Ukraine and Israel, and strengthen the Mexican border.

The US Senate has presented a $111B bill that would provide aid to Ukraine and Israel, and strengthen the Mexican border. Senate Democrats unveiled a national security package worth about $111B, which includes assistance to Ukraine and Israel, as well as measures aimed at protecting the southern border of the US. More th...

Ukraine starts joint production of armored vehicles with Rheinmetall, but Germany could not keep up with weapon production, so Azerbaijan and South Korea tried to help.

Ukraine starts joint production of armored vehicles with Rheinmetall, but Germany could not keep up with weapon production, so Azerbaijan and South Korea tried to help. Ukraine and German arms concern Rheinmetall will soon launch the production of armored vehicles on Ukraine’s territory, Prime Minister Denys Shmyhal announced. He noted that Rheinmetall already ...

In Ukraine, non-transparent capital flows are twice as large as transparent ones.

In Ukraine, non-transparent capital flows are twice as large as transparent ones. According to the Center for Economic Strategy, the share of domestic private constructive capital in Ukraine is about 22%, while corrosive capital is about 46%. Corrosive capital represents opaque cap...

EU ambassadors will discuss the start of negotiations on Ukraine’s membership by December 10.

EU ambassadors will discuss the start of negotiations on Ukraine’s membership by December 10. The EC leaders’ meeting will be held in Brussels on December 14-15. European leaders are expected to discuss the European Commission’s proposals for a political decision on membership talk...

Receiving €50B in aid from the EU will entail an increase in energy tariffs.

Receiving €50B in aid from the EU will entail an increase in energy tariffs. As the EP writes, Ukraine, within the framework of the Ukraine Facility program, must gradually transition to economically justified energy tariffs by the fourth quarter of 2025. “It is necessar...

The Ukrainian government discussed a special investment mechanism within the four-year EU program to reduce financing risks in priority sectors.

The Ukrainian government discussed a special investment mechanism within the four-year EU program to reduce financing risks in priority sectors. On December 4, the Ministry of Economy of Ukraine consulted with an EU delegation regarding Component II of the Ukraine Facility program for 2024-2027. Component II creates a special investment mechan...

Bankers share their forecast for deposit rates through the end of the year.

Bankers share their forecast for deposit rates through the end of the year. By the end of the year, average rates on hryvnia deposits, depending on the term of the deposits, will remain at 14-14.5% per annum, predicts Globus Bank. It is noted that the average return on deposi...

This year, Ukraine grew 6% of the world’s grain production.

This year, Ukraine grew 6% of the world’s grain production. Thhe Ukrainian Grain Association (UGA) notes that in 2023 farmers produced 81 million tons of gross grain harvest. “Ukraine is located on such soils that we depend on weather factors more than t...

Builders reveal market trends in Ukraine during the war.

Builders reveal market trends in Ukraine during the war. As reported by the engineering and construction company Rauta, the total losses in the industry amount to more than $150B, with the largest losses suffered by the housing sphere, including stock ($56B...

How does migration affect the Ukrainian economy?

How does migration affect the Ukrainian economy? Since achieving its independence, Ukraine has experienced several waves of migration caused by economic and geopolitical factors. The largest of them is the most recent, triggered by Russia’s full-sca...

Wednesday, December 6

200 merchant ships have left Ukrainian Black Sea ports through the temporary corridor.

200 merchant ships have left Ukrainian Black Sea ports through the temporary corridor. Minister of Infrastructure Oleksandr Kubrakov has reported that, since the beginning of the temporary corridor’s operation in the Black Sea was announced by the Armed Forces of Ukraine in August 2023 ...

Ukraine has lost almost ₴10B through the Polish border blockade; The EC seeks to preserve transport visa-free.

Ukraine has lost almost ₴10B through the Polish border blockade; The EC seeks to preserve transport visa-free. Ukraine’s losses are associated with a 40% export drop due to blocked checkpoints. The state budget of Ukraine lost ₴9.3B due to the loss of these customs payments, said the head of the specialized pa...

Finland will produce artillery shells for Ukraine, which is also increasing its weapon production.

Finland will produce artillery shells for Ukraine, which is also increasing its weapon production. Finland plans to start production of artillery ammunition for Ukraine soon, Finnish Defense Minister Antti Häkkänen said. He clarified that the decision on the start of production will probably be mad...

The UK has given Ukraine advanced missiles to counter the Shahed, and Germany is preparing to hand over unique RCH-155 guns in 2024.

The UK has given Ukraine advanced missiles to counter the Shahed, and Germany is preparing to hand over unique RCH-155 guns in 2024. The UK will hand over to Ukraine the latest Martlet multi-purpose guided missiles that are effective against Shahed kamikaze drones. However, there is still no official information about the transfer ...

Three EU countries provide €21M for energy-efficient restoration projects, and with the G7+ countries, Ukraine has launched a partnership in clean energy.

Three EU countries provide €21M for energy-efficient restoration projects, and with the G7+ countries, Ukraine has launched a partnership in clean energy. Sweden, Norway, and Finland have announced the allocation of €21.5M in contributions to the Eastern Europe Energy Efficiency and Environment Partnership (E5P) fund, which will support critical municip...

The investment potential of Ukraine’s energy efficiency sector exceeds $27B.

The investment potential of Ukraine’s energy efficiency sector exceeds $27B. This is currently the largest project in Europe for the qualitative reconstruction of communities and the economy based on modern world trends and technologies, explained the head of the State Energy ...

In November, assets of bankrupt banks were sold in Ukraine for ₴49.4M.

In November, assets of bankrupt banks were sold in Ukraine for ₴49.4M. Last month, Ukraine held 37 auctions to sell the assets of eight banks that were liquidated by the Deposit Guarantee Fund. The winning bids from successful auctions amounted to almost ₴49.4M ($1.35M)....

The US allocated $225M to construct the Eurotrack to accelerate Ukrainian exports.

The US allocated $225M to construct the Eurotrack to accelerate Ukrainian exports. The USAID and Ukrainian Railways (UZ) signed a memorandum to build a two-track railway section, 75 km long. It will connect Lviv with the Trans-European transport network of the EU. Ukrainian railways...

In the coming days, Congress will consider the continuation of assistance to Ukraine.

In the coming days, Congress will consider the continuation of assistance to Ukraine. The majority leader in the US Senate, Democrat Chuck Schumer, scheduled the first procedural vote for the legislation proposed by Joe Biden on the allocation of $106B for Ukraine and Israel. At the sa...