Economy

Thursday, July 3

Germany will fund the production of over 500 long-range weapons in Ukraine.

Germany will fund the production of over 500 long-range weapons in Ukraine. Representatives of the German government have already signed the first contract to finance the Ukrainian production of these weapons after German Chancellor Friedrich Merz promised to help Kyiv with t...

Mortgage lending increased by 5% in April.

Mortgage lending increased by 5% in April. Ukrainian banks issued 458 mortgage loans totaling ₴834.8M in April, a 5% increase from March, according to NBU data. Specifically, 261 loans for ₴492.3M were granted in the primary real estate market...

The Vienna Institute for International Economic Studies (wiiw) forecasts a worsening outlook for Ukraine.

The Vienna Institute for International Economic Studies (wiiw) forecasts a worsening outlook for Ukraine. According to a new projection by the Vienna-based economic research institute, annual GDP growth slowed to 1% in the first quarter of 2025, down from 2.9% last year. For 2025, wiiw predicts growth of ...

High electricity prices could shut down Ukraine’s largest steel mill.

High electricity prices could shut down Ukraine’s largest steel mill. ArcelorMittal Kryvyi Rih, Ukraine’s biggest steel plant, faces closure because of soaring electricity costs, said the company’s financial director, Pavlo Zadorozhny. He stated that the com...

Ukraine is establishing a municipal housing fund.

Ukraine is establishing a municipal housing fund. The Ukrainian government has initiated a pilot project to develop a municipal rental housing program. Priority will be given to veterans, the relatives of fallen defenders, military personnel, interna...

Finland’s largest fast-food chain invests €12M to open 10 restaurants in western Ukraine.

Finland’s largest fast-food chain invests €12M to open 10 restaurants in western Ukraine. Hesburger, the leading fast-food chain in Finland, plans to open at least 10 outlets in western Ukraine over the next five years. The total investment for the project will reach €12M. Founded in 1966,...

A company from Lutsk, with government support, invested €5.5M in producing frozen semi-finished products and animal feed.

A company from Lutsk, with government support, invested €5.5M in producing frozen semi-finished products and animal feed. The Opos-Torg company, which is involved in wholesale trading of meat and fish, invested €5.5M, including €4M during the war, to build a new plant in the Volyn region. The plant will produce frozen se...

The World Bank suggests that UZ should develop container transportation to prepare for future economic changes.

The World Bank suggests that UZ should develop container transportation to prepare for future economic changes. WB analysts pointed out that Ukrainian Railways (UZ) needs to enhance and reform its operations to meet upcoming economic shifts and the opening of the rail freight market. “In the medium term, ...

Ukraine has lost 40% of its working-age population, forcing employers to increase salaries and hire pensioners.

Ukraine has lost 40% of its working-age population, forcing employers to increase salaries and hire pensioners. The war has caused a significant decline in the country’s workforce. Currently, around 1.7 million Ukrainians who used to work domestically are now abroad, according to Deputy Minister of Social...

Wednesday, July 2

The Agreement That Will Create a New Country: What Economic Prospects Does Ukraine’s Mineral Agreement with the United States Present?

The Agreement That Will Create a New Country: What Economic Prospects Does Ukraine’s Mineral Agreement with the United States Present? In early May 2025, First Deputy Prime Minister and Minister of Economy Yulia Svyrydenko signed a historic agreement with the United States of America that established a reconstruction investment fund ...

What will happen to Ukraine’s economy if peace is achieved without security guarantees or if the war continues in 2026?

What will happen to Ukraine’s economy if peace is achieved without security guarantees or if the war continues in 2026? The IMF’s baseline scenario assumes the end of Russia’s war against Ukraine by the end of 2025. According to IMF expectations, if peace is reached Ukraine’s economic growth will rise...

Which foreign arms manufacturers are already operating in Ukraine?

Which foreign arms manufacturers are already operating in Ukraine? As of mid-2025, at least eight foreign companies have already opened or plan to open arms production facilities in Ukraine. These includes research, assembly, maintenance, and repair operations, as we...

Ukraine will establish a national network of vegetable storage facilities to preserve 35% of the harvest.

Ukraine will establish a national network of vegetable storage facilities to preserve 35% of the harvest. The Ministry of Agrarian Policy is working to create a storage network, as currently 35% of the Ukrainian vegetable harvest does not reach consumers due to poor storage conditions. Many storage facili...

Last season, Ukraine’s grain exports declined by 21%, but revenue stayed level due to rising prices.

Last season, Ukraine’s grain exports declined by 21%, but revenue stayed level due to rising prices. According to analysts, in the 2024/2025 marketing year (July-June) Ukraine exported 40.1 million tons of grain, which is 10.5 million tons, or 21%, less than in the 2023/2024 marketing year. The physi...

The EIB Group and Finnvera launch a €30M pilot project to support Finnish exports to Ukraine.

The EIB Group and Finnvera launch a €30M pilot project to support Finnish exports to Ukraine. The European Investment Fund, part of the EIB Group, and Finnvera, Finland’s export credit agency, are initiating this pilot program to assist Finnish companies in exporting to Ukraine. The agreement ...

The state-owned construction company Ukrbud will not be sold to a Georgian businessman due to sanctions.

The state-owned construction company Ukrbud will not be sold to a Georgian businessman due to sanctions. The State Property Fund of Ukraine (SPFU) refused to approve the results of an auction to sell a large privatization asset with 100% of the shares of the state joint-stock company Construction Company...

Tuesday, July 1

Investing in demining is crucial for Ukraine’s rebuilding and ensuring global food security.

Investing in demining is crucial for Ukraine’s rebuilding and ensuring global food security. Before the full-scale invasion, Ukraine fed 400 million people worldwide and supplied agricultural products to the EU, North Africa, and Asia, providing about 10% of the world’s grain. However, due to...

How much Russian gas is passing through Turkey to Europe?

How much Russian gas is passing through Turkey to Europe? It has been six months since Ukraine finally discontinued the transit of Russian gas to Europe. However, the EU is still buying Russian fuel in significant quantity. Between January and June this year...

Which ally provides the most support to Ukraine?

Which ally provides the most support to Ukraine? Over more than three years of the full-scale war, at the end of April 2025 the main providers of aid to Ukraine have remained unchanged: the US, the UK, and Germany. Meanwhile, Estonia, Denmark, and L...

To accelerate the supply of weapons to Ukraine’s armed forces, a specialized military marketplace is being launched in Ukraine.

To accelerate the supply of weapons to Ukraine’s armed forces, a specialized military marketplace is being launched in Ukraine. According to Defense Minister Rustem Umerov this weapons marketplace aims to simplify and expedite weapon deliveries to the military. “Together with the Defense Procurement Agency and DOT – the ...

Ukraine and the EU have agreed on trade terms.

Ukraine and the EU have agreed on trade terms. The European Commission and Ukraine have finalized negotiations on renewing the Deep and Comprehensive Free Trade Area agreement. The main principles include: Completive conditions – Ukraine will grad...

One of Ukraine’s leading agricultural distributors has invested €20M in a dry port on the border with Poland to facilitate the efficient export of agricultural products.

One of Ukraine’s leading agricultural distributors has invested €20M in a dry port on the border with Poland to facilitate the efficient export of agricultural products. Agrosem, a prominent distributor of goods for farmers in Ukraine, has invested €20M into the technological and innovative aspects of the MOST Logistic Terminal project. Specifically, within the parame...

Monday, June 30

Amid economic challenges, Putin has announced a reduction in military spending.

Amid economic challenges, Putin has announced a reduction in military spending. The Russian president stated that the government plans to cut defense expenditures, which have already reached record levels unseen since the days of the USSR. Consequently, military spending now acco...

Russia has seized a key lithium deposit in the Donetsk region.

Russia has seized a key lithium deposit in the Donetsk region. Russian forces took control of one of Ukraine’s most promising lithium sites – Shevchenkivske, located in Donetsk. This deposit was previously developed by an American company focused on critica...

The EBRD, EIB, and Dragon Capital prepare to launch a €350M infrastructure fund for Ukraine.

The EBRD, EIB, and Dragon Capital prepare to launch a €350M infrastructure fund for Ukraine. The EBRD and the EIB have announced plans to invest €60M and €40M, respectively, in a new infrastructure fund, Amber Dragon Ukraine Infrastructure Fund I. The fund aims to reach a total of €350M and w...

Ukraine’s economy is stable, but its development has stalled.

Ukraine’s economy is stable, but its development has stalled. Despite the war, the Ukrainian economy remains relatively stable, but growth has slowed because businesses have stopped investing in new projects, except for a few industries that have seen some benef...

A new marketplace is emerging in Ukraine, with the company already investing $20M annually in the Ukrainian market.

A new marketplace is emerging in Ukraine, with the company already investing $20M annually in the Ukrainian market. Glovo is transforming its presence by increasing investment, expanding product categories, and shifting its focus from a food delivery service to a universal marketplace, said Glovo co-founder Sasha M...

Investors put millions into Ukrainian breweries in the Khmelnytskyi and Ternopil regions.

Investors put millions into Ukrainian breweries in the Khmelnytskyi and Ternopil regions. Businessman Dmytro Oliynyk and his partners acquired a controlling stake in the Khmelnytskyi Regional Brewery. “We bought 78% of the shares. The buyer was Kostopil Glassworks,” he said. Ac...

Friday, June 27

Ukraine’s public debt increased by $1B in a month. The government is preparing to restructure a Chinese loan.

Ukraine’s public debt increased by $1B in a month. The government is preparing to restructure a Chinese loan. In May, Ukraine’s total public and state-guaranteed debt increased by $1B to $180.97B, reported the Ministry of Finance. Most of the debt is external, totaling $134.48B, which makes up 74.3% of ...

Payoneer and WIN-WIN EDIH join forces to support Ukrainian startups.

Payoneer and WIN-WIN EDIH join forces to support Ukrainian startups. Fintech company Payoneer, which serves businesses worldwide, and the European Digital Innovation Hub WIN-WIN EDIH, established in Ukraine under the EU’s Digital Europe program with a total budge...

Where in Ukraine does the demand for retail space exceed supply by two times?

Where in Ukraine does the demand for retail space exceed supply by two times? The Urban-X consulting firm highlighted several key features of the retail real estate market in Transcarpathia in 2025. The regional market is changing, and these changes should be considered even be...

Ukrainian industry is developing in the west of the country during the war: Successful cases of industrial parks and manufacturers.

Ukrainian industry is developing in the west of the country during the war: Successful cases of industrial parks and manufacturers. In Volyn, the Kovel Porto industrial park, spanning 60 hectares, received ₴70M in government support. An infrastructure project valued at ₴300M is underway to create an extensive network of railway tr...

Ukraine is planning changes to its preferential lending program for the defense industry: What are the plans?

Ukraine is planning changes to its preferential lending program for the defense industry: What are the plans? The Ministry of Strategic Industry is working on expanding the preferential lending program for manufacturers of weapons and military equipment, launched in November 2024. By June 2025, the program ha...

Housing is becoming more expensive, and supply is decreasing: real estate market trends in 2025.

Housing is becoming more expensive, and supply is decreasing: real estate market trends in 2025. On average, in Ukraine the median selling price for an apartment has increased by 16% annually and is ₴2.3M ($55,200), according to a study. Meanwhile, the number of active ads home sales has dropped ...

Thursday, June 26

Ukraine plans to incentivize the development of the defense industry.

Ukraine plans to incentivize the development of the defense industry. Draft laws on Defence City are being registered in the Verkhovna Rada, creating a special legal regime for taxation and state support of defense-industrial complex enterprises, similar to the existing...

Denmark will become the first country to launch joint defense production with Ukraine on its territory.

Denmark will become the first country to launch joint defense production with Ukraine on its territory. The Ministers of Defense of Ukraine and Denmark – Rustem Umerov and Troels Lund Poulsen – signed a letter of intent, which paves the way for joint production of Ukrainian weapons in Denmark. “Th...

Ukraine plans to provide tax-based compensation for investment in the processing industry.

Ukraine plans to provide tax-based compensation for investment in the processing industry. Two draft laws have been registered in the Verkhovna Rada that outline a system of partial reimbursement for investment costs through tax reductions. The compensation will cover expenses such as const...

The Russian military-industrial complex has reached its maximum capacity for producing armored vehicles; North Korea helps to increase weapons production for the aggressor.

The Russian military-industrial complex has reached its maximum capacity for producing armored vehicles; North Korea helps to increase weapons production for the aggressor. A senior NATO official told reporters at the NATO summit that the Russian military-industrial complex is probably currently at its peak and will be able to sustain this level for at least another year...

Commercial real estate in Ukraine faces war-related risks.

Commercial real estate in Ukraine faces war-related risks. In the retail sector, all activity indicators are improving with consumer activity and shopping center attendance rising. Trade turnover is growing, increasing income for shopping center landlords. Ad...

Tax revenue from the tourism industry has already surpassed pre-war levels by 27%.

Tax revenue from the tourism industry has already surpassed pre-war levels by 27%. Ukraine’s tourism sector has matched its pre-war income totals and continues to grow. In the first quarter, the budget was boosted by nearly ₴799M from tourism, which is 30% more than the same p...

A German automotive electronics manufacturer has doubled its presence in Ukraine despite the war, becoming the largest employer in Volyn.

A German automotive electronics manufacturer has doubled its presence in Ukraine despite the war, becoming the largest employer in Volyn. Viktoria Pazychuk, a plant manager at Kromberg & Schubert Ukraine, stated that by 2025 the company will be the largest employer in the region. Currently, it employs 5,500 people in Volyn, with the...

Wednesday, June 25

Ukraine, with sufficient funding, can manufacture around eight million drones each year.

Ukraine, with sufficient funding, can manufacture around eight million drones each year. President Volodymyr Zelenskyy declared at the Defense Industry Forum in the Netherlands that “Our defense industry’s potential exceeds €35B, yet 40% remains unfunded, which is a major issue. For...

Israel and Iran agree to a ceasefire. How did energy markets respond?

Israel and Iran agree to a ceasefire. How did energy markets respond? Oil prices dropped sharply after US President Donald Trump announced a ceasefire between Israel and Iran (although it was soon broken), which alleviated concerns about disruptions in the supply of ...

The EU will allocate €300M to support Ukraine’s defense industry under the new EDIP program.

The EU will allocate €300M to support Ukraine’s defense industry under the new EDIP program. The EU is making a significant move to strengthen its defense industry and integrate Ukraine’s defense industrial complex. EU countries have approved a mandate to negotiate with the European Parliamen...

Ukraine continues its privatization process and replenishes its budget.

Ukraine continues its privatization process and replenishes its budget. The State Property Fund of Ukraine held nine successful privatization auctions from June 16-20, raising ₴837.9M for the state budget. On average, prices for assets put up for auction increased by 220%...

A Eurotrack line to Uzhgorod is set to be launched in July, with plans to extend it to Chernivtsi, Lviv, and Lutsk.

A Eurotrack line to Uzhgorod is set to be launched in July, with plans to extend it to Chernivtsi, Lviv, and Lutsk. The construction of a European-standard railway on the Chop-Uzhhorod railway section (Transcarpathia) is nearing completion and is expected to open in July, said Deputy Minister of Finance Oleksandr K...

Tax revenue from hotels increased by 43% in the first quarter.

Tax revenue from hotels increased by 43% in the first quarter. Despite a decline in the number of tourists and many companies leaving the market altogether, the hotel industry is experiencing growth: Hotel tax revenue in the first quarter of 2025 reached ₴565.9M,...

Tuesday, June 24

Iran is considering closing the Strait of Hormuz, which would severely impact global oil prices.

Iran is considering closing the Strait of Hormuz, which would severely impact global oil prices. The Iranian parliament has approved a bill to block this vital shipping route for oil exports in response to recent US airstrikes on Iranian nuclear facilities. The Strait of Hormuz is one of the worl...

Foreign countries are actively launching programs to support businesses that are investing in Ukraine, but the labor market scares investors.

Foreign countries are actively launching programs to support businesses that are investing in Ukraine, but the labor market scares investors. Foreign governments are already starting to build institutional support for companies planning to enter Ukraine to participate in its reconstruction. Poland has introduced a special credit program to ...

Russia is recruiting foreigners to work in the occupied territories and take up arms in the war against Ukraine.

Russia is recruiting foreigners to work in the occupied territories and take up arms in the war against Ukraine. The Taliban, which controls Afghanistan, has agreed to increase the number of Afghan migrant workers in Russia tenfold. Currently, around 100 Afghan workers are engaged in construction in Russia, with...

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