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Ukraine’s real GDP growth in 2024 was 3.6%. “If we look at the level of GDP by the level of the available population, we have now reached a record GDP per capita,” said Deputy Minister of Economy of Ukraine Andriy Telyupa. According to the Ministry of Economy forecast, 2025 GDP will grow by 2.7%, and inflation will slow to 9.5%. At the same time, the average salary in Ukraine in dollar terms is currently at a record high because of

Of all Ukrainians in Poland, 37% arrived less than six months ago, and 9% have been living there for a year, 23% for two years, 15% for three, and 6% for four. Another 10% of Ukrainians have lived in Poland for over five years. “The largest share of Ukrainians came to Poland for six months. So, the dominant group among the new arrivals is labor migrants,” commented Gremi Personal, an international employment agency. It is noted that these Ukrainians typically

On January 16, British Prime Minister Keir Starmer arrived in Kyiv to meet with President Zelenskyy. The parties concluded a vital 100-year partnership agreement that will deepen cooperation in both the military and civilian spheres. The document comprises 14 articles and stipulates that the UK will provide Ukraine with annual military assistance of at least $3.6B for as long as needed. Another primary element is strengthening military cooperation between the countries in maritime security. Special emphasis is being placed on

British economist Timothy Ash noted that without US support, Ukraine and Europe can finance the fight against Russia for months, but not for a year or more, given their dependence on American weapon supplies. “The war costs Ukraine $100B a year, but it takes $150B a year to put Ukraine on its feet,” Ash believes. According to the expert, Europe should abandon its protection of $330B in immobilized Russian assets and transfer them to Ukraine. “Trump may not want to

Putin will insist on a radical reduction in Kyiv’s military cooperation with NATO and an irreversible withdrawal from membership in the bloc in upcoming talks with US President-elect Donald Trump regarding Ukraine. As reported by Bloomberg, Putin is confident that he has an advantage on the battlefield and is therefore determined to achieve “the transformation of Ukraine into a neutral state with limited armed forces.” The Kremlin’s position is that NATO member states can continue to individually supply weapons to Ukraine,

President Zelenskyy notes that strategically, Ukraine views membership in the EU and NATO as its primary security guarantees. “We want to end the war with a just peace; for this, we need confidence that Russia will not return to war again. We need strong security guarantees,” he said. However, Zelenskyy concedes that four countries do not yet support Ukraine’s NATO ambitions: the US, Hungary, Slovakia, and Germany. However, Polish President Andrzej Duda said: “We understand that Ukraine’s accession to NATO

The ruling Social Democratic Party of Germany, to which Chancellor Scholz belongs, says that a decision on new arms supplies to Ukraine worth €3B could be made before the parliamentary elections in February, but for this, strict restrictions on state borrowing in Germany must be suspended. “I call on other parliamentary groups to quickly take action for this legally permissible and necessary step,” said the head of the SPD parliamentary group, Rolf Mützenich, warning against financing aid to Ukraine “from

For the second month in a row, businesses have improved their business activity estimates for the next 12 months, maintaining optimistic forecasts for attracting investment but anticipating moderate inflation growth and the exchange rate, according to an NBU survey for the fourth quarter of 2024. The Business Expectations Index was 101.8% compared to 100.6% in the third quarter. Survey participants maintained positive assessments of total sales volumes, strengthened forecasts for investments in machinery, equipment, and inventory, and also somewhat softened

Poland is ready to organize a Ukrainian reconstruction summit in 2026, Polish Prime Minister Donald Tusk said. Meanwhile, the third stage of the Ukraine Recovery Program has begun. The Ukrainian government has allocated €100M, which will be directed to recovery and development projects. The priority is distributed generation facilities, municipal housing, water supply and sanitation, and healthcare. In June 2024, Ukraine and the EIB signed a €100M agreement, which should be used to restore social infrastructure, housing, and communal facilities

Because of the favorable conditions for farming, demand for land in Poland is growing among Ukrainian farmers. Land prices in Poland vary significantly depending on the region, purpose, and other factors. The cost of land in the country ranges from €2,500 to €50,000 per hectare, the average price is about €10,000- €20,000. According to market participants, demand for Polish land among Ukrainian farmers is growing due to favorable farming conditions and access to the European market. As for renting agricultural

The Association of Gas Extracting Companies of Ukraine reports that in 2024, total gross natural gas production in Ukraine amounted to 19.12 billion cubic meters (+2.3% compared to 2023). The companies of state-owned Naftogaz Group are the leaders in increased gas production, accounting for almost 82% of the total gas production volume. However, in August-December, the average daily output from private companies increased by 25%. Last year, companies began drilling more than 140 wells, which is equal to the record-setting

The GTS Operator of Ukraine and several domestic and international organizations signed a memorandum to create and implement the Central European Hydrogen Corridor. The memorandum outlines joint efforts to utilize the future potential of Ukraine’s renewable energy and its integration into the European energy market. This initiative is aimed at the future development of renewable energy and hydrogen production in Ukraine and facilitating its transportation via pipelines to Slovakia, the Czech Republic, Austria, and Germany after 2030. It is planned

German Knauf, one of the world’s largest manufacturers of building materials, plans to launch a second factory in Ukraine by the end of the year. However, the company will not build the factory from scratch but will transport it from Germany; the equipment has already been delivered. Knauf began constructing a new factory to produce drywall and dry building mixes in Ukraine in December 2024. The factory will be fully operational by the end of 2025 in the town of

President-elect Donald Trump’s pick for secretary of state, Marco Rubio, said it’s “unrealistic to believe” that Ukraine can push Russian forces back to where they were before the 2022 invasion and that the official US position should be that the war must end. “It’s unrealistic to believe that somehow, a nation the size of Ukraine, no matter how incompetent and no matter how much damage the Russian Federation has suffered as a result of this invasion, there’s no way Ukraine

German energy analyst Tom O’Donnell said that the latest US sanctions could significantly harm Moscow, and that generally, sanctions against Russian oil could become a key weapon for US President-elect Donald Trump to use as a lever to put pressure on Russian dictator Vladimir Putin. Russia’s oil tankers that are currently stuck at sea, barred from entering ports, demonstrate the greater effectiveness of the latest sanctions compared to earlier restrictions placed on the price of oil. According to O’Donnell, Trump

Advisors to future US President Donald Trump have acknowledged that it will take months to reach a peace agreement between Ukraine and Russia, not one day, as Trump promised during the election campaign. Two associates of the US president-elect said they are considering a period of several months to be necessary in order to end the war in Ukraine. Trump’s advisors’ assessments coincide with comments by incoming US special envoy for Ukraine and Russia Keith Kellogg, who recently said he

By the end of 2024, 25 factories in economic sectors including food production, agro-processing, building materials production, woodworking, and mechanical engineering have been built or are being built in Ukrainian industrial parks. More than 100,000 square meters of industrial real estate and almost 200 MW of electrical capacity have been put into operation. Ukrainian industrial parks have been attractive to foreign investors. In Bila Tserkva, British Unilever is building a hygiene products production plant, Finnish Peikko is building a building

Ukrainian banks predict that, with favorable economic and military conditions in 2025, about 40% of all mortgage loans issued under the eOselya program may be used in the primary housing market. The program will remain as the primary mechanism for mortgage loan origination. Experts note that during 2024, thanks to the systematic reorientation of the state lending program to focus on the primary housing market, the share of loans issued for purchasing housing in new buildings under construction increased by

More Ukrainians prioritize their country joining NATO (46%) than the EU (22%), according to three surveys conducted by the Kyiv International Institute of Sociology (KIIS) in 2024. NATO is a priority due to Ukrainians’ acute desire for reliable security guarantees. Overall, 90% of Ukrainians want Ukrainian membership in the EU, and 84% want to see Ukraine join NATO. Ukrainian Foreign Minister Andriy Sybiha stated that Ukraine considers NATO membership to the most effective guarantee of its security. He reiterated that

The EU may include a ban on aluminum imports in the 16th package of Russian sanctions, which will be adopted in February. The ban will be implemented in stages. The US and Britain have already banned imports of Russian aluminum, but the EU has refused to follow their example due to opposition from some member states. In the first three quarters of last year, EU countries imported about 130,000 tons of aluminum from Russia (6% of the total). For comparison,