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According to the NBU, solvent Ukrainian banks generated ₴131B ($3.2B) in net profit after tax from January-November 2024. The leaders in the banking sector were: PrivatBank with ₴56.3B, Oschadbank with ₴12.8B, and Raiffeisen Bank with ₴6.95B. These three combined for almost ₴75B in total banking sector profit. The top ten also includes Ukreximbank (₴6B), Credit Agricole Bank (₴5.9B), FUIB (₴5.8B), Universal Bank (₴5.5B), Ukrgasbank (₴5B), Citibank (₴4.5B) and Ukrsibbank (₴4B). Following their performance over those eleven months, Ukrainian banks will

Oleksandr Kharchenko, director of the Energy Research Center, said that American and European investors are ready to invest in Ukrainian energy despite the war and have potential projects to construct more than 1.5 GW of new power plants. “But to implement the projects, they need insurance,” he added. The main obstacle to implementing these projects is the lack of a rapid insurance mechanism for military and political risks. Current insurance instruments work too slowly because decisions are made every 9-12

The Ministry of Agrarian Policy is satisfied with the results demonstrated by the Land Bank, which launched in Ukraine on October 1 2024. In three months, 266 successful auctions were held, covering a land area of ​​23,296 hectares across 15 regions. The expected effect of the sublease program was ₴757M in annual revenue for the budget. According to the Minister of Agriculture Vitaliy Koval, 175 agreements have already been concluded to sublease land with an area of ​​10,847 hectares, which

NovaPay from the Nova Group of companies, which includes postal operator Nova Poshta, placed three more issues of bonds – series G, H, and I – for ₴290M ($6.9M). The 1 to 12-month issues have an interest rate of up to 18% per annum. Previously, the company issued six series of corporate bonds for ₴100M each. In 2023, two bond issues were carried out – C and D – each for ₴800M ($20M), and in 2024, ₴1B in series E

Founded in 2020, Ukrainian wine producer 46 Parallel has become part of the international group of companies Vinos de la Luz. After an agreement was signed in December 2024, 100% of 46 Parallel shares was transferred to new owners. As noted by Anna Gorkun, the founder of the premium Ukrainian wine brand 46 Parallel, this is a significant event not only for the company itself but also for the Ukrainian economy as a whole. The very fact that during the

The German company Knauf has begun constructing a new plant in Ukraine to produce plasterboard and dry building mixes. The enterprise will be in the town of Borshchiv in the Ternopil region. The second plant has a designed capacity that will produce 30 million square meters of plasterboard and 320,000 tons of dry mixes annually. Total project investment will amount to €150M. The first Knauf plant was built in the Kyiv region in 2006 and has operated there since. The

The Biden administration will announce a massive, final weapons package for Ukraine on Thursday as part of Defense Secretary Lloyd Austin’s visit to Germany to meet with representatives from about 50 partner nations at the Ramstein meeting. According to WP, the amount of aid has not been provided, but the package was expected to be “substantial.” However, it would not include the roughly $4B left in the congressionally authorized funding for Ukraine. On Tuesday, officials briefing reporters traveling with Austin

The UK should transfer all frozen Russian assets to Ukraine. This would send a clear signal to Moscow that “aggressors must and will pay.” In a joint letter, a group of British MPs and politicians from allied countries argue that the government should find a way to legally transfer $300B in frozen Russian Central Bank reserves to Ukraine. They believe transferring at least £25.5B stored in Britain would be a “clear signal” of strategic resolve and help deter future conflicts.

The Ukrainian cybersecurity market’s volume has grown by 300% over the past eight years, and in 2024 it amounted to $138B and will grow by another 50% over the next five years to reach $209M. The key segment of the Ukrainian cybersecurity market is network security. However, cloud security, data protection, and endpoint protection demonstrate the fastest growth. The Ukrainian market’s main driving forces are implementing digital solutions for businesses and the public sector, constant Russian cyberattacks, increasing use of

As reported by the National Bank, as of January 1 2025, Ukraine’s international reserves reached over $43.787B, increasing by 9.7% during December. The volume of international reserves became the largest in Ukraine’s history; the previous record in April 2024 was $21M less. December’s rapid growth in reserves is explained primarily by the receipt of a large amount of currency from international partners: $4.41B from the EU, $3.93B from the World Bank (US, Japan, Britain), $1.09B from the IMF, and $25.9M

The Cabinet of Ministers has approved the creation of another industrial park, which will be in the Kyiv region. With the approval, 100 industrial parks will be operating in Ukraine. The new Myronivka site will create 1,500 new jobs and attract over ₴1B ($24M) in investment. The area of ​​the industrial park is 30.36 hectares. The industrial facility’s key areas of activity will include the production of metal structures and products, the manufacturing of machinery and equipment, food products, and

As reported by the NBU, in December 2024 a slowdown in economic activity was observed in several sectors, primarily the coal and metallurgical industries. At the same time, investments in gas and oil production supported industrial interests, and seasonal holiday sales supported trade and specific service sectors. Metallurgical production decreased against the backdrop of a worsening energy supply situation and the partial suspension of coking coal production capacity at one of the largest coal enterprises. The NBU notes that gas

In 2024, more than 8,500 families took advantage of the preferential mortgage program eOselya, and the total volume of issued loans reached ₴14.6B, 45% more in number and 65% more in amount compared to 2023. In total, over the entire program, 14,840 families have received loans totaling over ₴24B ($0.57B). Last year, the largest categories of borrowers were military personnel and law enforcement officers – 49% (4,165 people), Ukrainians who do not own housing – 27% (2,310 people), and doctors

According to calculations from industry experts, the total capitalization of agro holdings (MHP, Kernel, Agroton, Astarta-Kyiv, AgroGeneration, Milkiland, IMC, KSG Agro, Ukrprodukt, Agroliga) in the fourth quarter of 2024 amounted to more than €13.38B, which is a more than €3.81B (28.4%) increase over the fourth quarter of 2023 (€9.57B). The primary growth factors that drove the improvement in the farm giants’ economic situation were stabilizing stock markets and the strengthening of the exchange rates at which shares are traded. In

Stopping Russian gas transit through Ukraine deprives Russia of some income, but the European gas market is not entirely lost for Moscow. In 2024, Gazprom sold gas worth about $6B through Ukraine. Analysts predict that the loss of these supplies will have a minimal impact on the aggressor’s economy: a loss of approximately 0.2-0.3% of GDP. For comparison, Ukraine may lose approximately 0.5% of its GDP in forfeited gas transit payments. Despite calls for a Russian energy embargo, in 2024

In 2024, Ukraine’s trade turnover amounted to $112.3B. Goods worth $70.7B were imported, and goods worth $41.6B were exported. Overall, trade turnover increased by 13% compared to 2023. The majority of goods were imported from China for $14.4B, Poland – $7B, and Germany – $5.4B. At the same time, Ukraine exported the most to Poland – $4.7B, Spain – $2.9B, and Germany – $2.8B. Of the total volume of goods imported in 2024, 65% were the following categories: machinery, equipment,

According to the NBU, in November 2024 consumer inflation in Ukraine increased to 11.2% annually, exceeding the forecasts in the October NBU Inflation Report. Core inflation reached 9.3% annually. The growth was due to higher prices for processed food products, increased business costs for energy supply and labor, and the devaluation of the hryvnia. Food products became more expensive due to a reduced supply of certain crops and livestock products, affecting raw and processed product prices. The cost of non-food

General fund revenues of regional budgets (excluding inter-budgetary transfers) in 2024 amounted to UAH 451B, which is 2.1%, or UAH 9.1B, more than in 2023. It is noted that since October 2023, local budgets have been deprived of revenues from the so-called military personal income tax. Excluding these revenues, local budget revenues from all other sources increased by 24.1%, or UAH 87.6B, in 2024. In incomparable indicators, revenues increased in all regions except for the Luhansk region. The highest rates

President Zelenskyy does not reject the idea of accepting NATO membership without the territories temporarily occupied by the Russian Federation. “The legislative invitation to NATO is extended to all territories of Ukraine, and we do not recognize all other territories of Ukraine as occupied, but NATO can act on the part controlled by Ukraine. This is a small success for us, but if we see a diplomatic way to end the war, this is the first – a security guarantee,”

Ukraine will develop the Danish model, according to which partners purchase weapons from the Ukrainian defense industry for the needs of the Ukrainian military, and this program is expected to attract more than $1B in 2025, Prime Minister Denys Shmyhal said. “In the security sector, we will also pay special attention to developing a shelter system based on the Finnish model. This public-private partnership provides for a large network of reliable shelters. In peacetime, these shelters will have different purposes,”