Economy

Monday, April 14

Ukraine and the US have not made any progress in negotiations over a mineral deal, as Trump demands control of Russian gas transit.

Ukraine and the US have not made any progress in negotiations over a mineral deal, as Trump demands control of Russian gas transit. On April 11, US and Ukrainian officials held tense discussions regarding a mineral agreement between the countries. During the meeting, American representatives presented the Ukrainians with an update...

Trump has extended the previously imposed US restrictions on Russia while Kyiv prepares new shadow fleet sanctions.

Trump has extended the previously imposed US restrictions on Russia while Kyiv prepares new shadow fleet sanctions. US President Donald Trump signed an executive order extending sanctions against the Russian Federation, which were initially imposed in April 2021 by former US President Biden, due to the Russian gove...

The Ukrainian defense industry has ramped up cruise missile production by 700%.

The Ukrainian defense industry has ramped up cruise missile production by 700%. According to Herman Smetanin, Ukraine’s minister of strategic industries, last year Ukraine was able to produce only one cruise missile – the Neptune. However, last year the state launched many ...

Since the land market opened, only 3% of the total available agricultural land has been bought or sold; agribusinesses are reducing their land holdings.

Since the land market opened, only 3% of the total available agricultural land has been bought or sold; agribusinesses are reducing their land holdings. Since the market opened in July 2021, roughly 3% of Ukraine’s agricultural land has changed hands, averaging about 1% per year. The price of land has risen from ₴34,000 to ₴54,000 per hectare, a...

European banks are providing Ukraine with funding to support housing for internally displaced persons and restore critical infrastructure.

European banks are providing Ukraine with funding to support housing for internally displaced persons and restore critical infrastructure. Consequently, Ukraine will receive €50M from the Council of Europe Development Bank (CEB) to finance a preferential mortgage program for families of internally displaced persons (IDPs). “These f...

Friday, April 11

Hungary has promised to support sanctions targeting Russia if Putin refuses a truce.

Hungary has promised to support sanctions targeting Russia if Putin refuses a truce. Hungarian Foreign Minister Peter Szijjártó confirmed that Hungary may back Western sanctions against Russia if Donald Trump employs them to penalize Russian leader Vladimir Putin for the Kremlin’...

The US has come up with a way to combat the Russian shadow fleet while also addressing its national debt through a single solution.

The US has come up with a way to combat the Russian shadow fleet while also addressing its national debt through a single solution. A new bill has been introduced in the US aimed at tackling Russia’s shadow fleet of tankers that that are employed to transport oil, circumventing Western sanctions related to the war in Ukraine...

The Mineral Deal: Ukraine will insist on parity between the parties in managing the investment fund.

The Mineral Deal: Ukraine will insist on parity between the parties in managing the investment fund. The technical round of negotiations between Ukraine and the US regarding the mineral agreement will take place on April 11-12 in Washington. Ukraine’s delegation will be led by Deputy Minister o...

Ukraine will lose its current preferential trade conditions with the EU in June.

Ukraine will lose its current preferential trade conditions with the EU in June. The European Commission will not initiate an extension of the autonomous trade measures introduced in 2022 to support Ukrainian exports, which expire on June 5, said EU Agriculture Commissioner Christ...

A new shopping mall is set to be built in the Lviv region, while JYSK enhances its stores’ efficiency.

A new shopping mall is set to be built in the Lviv region, while JYSK enhances its stores’ efficiency. In the Lviv region, near the entrance to the city of Vynnyky, plans are underway to construct a large shopping mall that will feature a supermarket, various shops, food outlets, a children’s pla...

How will US tariffs affect Ukrainian exporters?

How will US tariffs affect Ukrainian exporters? Deputy Minister of Economy Taras Kachka said: “The US is projected to receive $870M in Ukrainian exports in 2024, which is an increase compared to 2023. About 41% of our exports to the US last y...

Kovalska will become one of Ukraine’s largest producers of aerated concrete after completing the launch of a new €100M plant.

Kovalska will become one of Ukraine’s largest producers of aerated concrete after completing the launch of a new €100M plant. The Kovalska Industrial and Construction Group is finalizing preparations for the initial phase of a modern autoclaved aerated concrete facility with an annual production capacity of nearly 600,000 cu...

Kingspan will begin construction of a €280M plant, while a large textile manufacturer is establishing a new factory in Ukraine.

Kingspan will begin construction of a €280M plant, while a large textile manufacturer is establishing a new factory in Ukraine. The State Inspectorate for Architecture and Urban Planning of Ukraine has issued a permit for the construction of a building materials plant in the Lviv region to Kingspan Property, a subsidiary of Ir...

In the first quarter, prices in Ukraine’s secondary residential real estate market increased across all regions.

In the first quarter, prices in Ukraine’s secondary residential real estate market increased across all regions. According to LUN, a real estate search engine, Kyiv fell to third place behind Uzhhorod in the one-room apartment segment, where the average cost of a one-room apartment rose by 16% over six months, r...

Thursday, April 10

Ukraine’s European partners are increasing their support for the reconstruction: How much money is being provided, and which projects are prioritized?

Ukraine’s European partners are increasing their support for the reconstruction: How much money is being provided, and which projects are prioritized? Ukraine and Switzerland have signed an agreement amending the memorandum between the Ministry of Economy and the Swiss State Secretariat for Economic Affairs (SECO), which calls for a 100% increase in...

Businesses call for the restoration of Mykolaiv port operations and ensuring Kherson’s security to enhance export efficiency.

Businesses call for the restoration of Mykolaiv port operations and ensuring Kherson’s security to enhance export efficiency. Ukrainian business has urged the government to reopen the Mykolaiv port and facilitate the evacuation of vessels that have been blocked since the onset of the full-scale invasion. Additionally, the EB...

The EU reports record agricultural export volumes, with Ukraine a leading exporter to the bloc.

The EU reports record agricultural export volumes, with Ukraine a leading exporter to the bloc. EU agri-food exports reached a historic €235.4B last year, marking a 3% increase compared to 2023. Grain, dairy products, and wine top the list of goods exported from the EU. In terms of its share of ...

Trump’s tariffs could severely impact Russia’s oil revenue.

Trump’s tariffs could severely impact Russia’s oil revenue. While Moscow has managed to evade US President Trump’s tariffs, the Russian budget will still endure consequences from Washington’s trade war. The Telegraph reports that a threat to Russia has emerged...

The largest private railway freight operator in Ukraine plans to build a modern container terminal in Fastiv.

The largest private railway freight operator in Ukraine plans to build a modern container terminal in Fastiv. Last year, Lemtrans transported 15.9 million tons of cargo and aims to establish a container terminal in Fastiv (Kyiv region) that will serve as a strategic logistics hub for both the region and the c...

Ukraine is seeking an investor for oil and gas fields in western Ukraine, while Ukrnafta will develop a hydrocarbon field previously claimed by Chevron.

Ukraine is seeking an investor for oil and gas fields in western Ukraine, while Ukrnafta will develop a hydrocarbon field previously claimed by Chevron. The government has approved two competition proposals for two areas in western Ukrainian oil and gas fields in the area of Mezhyhirsk and Svichansk, located within the Lviv, Ivano-Frankivsk, and Chern...

Wednesday, April 9

The EU has offered Trump a trade truce, but the White House demands financial “reparations” and $350B in energy purchases.

The EU has offered Trump a trade truce, but the White House demands financial “reparations” and $350B in energy purchases. On April 7, EU ministers agreed to prioritize negotiations over countermeasures in response to US President Donald Trump’s tariffs, which impact 70% (€380B) of total European exports. European C...

Czechia spent €8.2B on Russian oil and gas last year despite the availability of alternatives.

Czechia spent €8.2B on Russian oil and gas last year despite the availability of alternatives. According to the CSD, the Czech Republic’s expenditure of over €8.2B on Russian hydrocarbons in the previous year is 500% greater than the aid it has provided to Ukraine since the onset of the full-sc...

ICU downgrades Ukraine’s economic growth forecast to 3% for 2025, down from the previous outlook of 3.4%.

ICU downgrades Ukraine’s economic growth forecast to 3% for 2025, down from the previous outlook of 3.4%. A report from the ICU investment company notes that Ukraine’s real GDP increased by only 2.9% in 2024, significantly below market expectations and their earlier forecasts. Economic growth weakened con...

Despite the insignificant impact of Trump’s tariffs on Ukraine, it is ready to zero out tariffs on American products and negotiate with the US.

Despite the insignificant impact of Trump’s tariffs on Ukraine, it is ready to zero out tariffs on American products and negotiate with the US. For Ukraine, the predominant negative consequence of the global trade war may be lower volumes of macro-financial assistance from European partners economically weakened by tariffs. In addition, Ukrai...

Ukrainian cement and concrete producers are poised to increase their capacity to meet reconstruction demands.

Ukrainian cement and concrete producers are poised to increase their capacity to meet reconstruction demands. According to CBR, even amidst high uncertainty with reduced international financing and severely limited Ukrainian budget resources, cement producers and consumers are ready to quickly restore and exp...

Two Ukrainian industrial enterprises are selling their production capacities. Where to invest?

Two Ukrainian industrial enterprises are selling their production capacities. Where to invest? On April 11, the State Property Fund will hold an auction for the privatization of the state enterprise Zhytomyr Distillery, with a starting price that exceeds ₴101M. The enterprise is operational and...

European gas prices have fallen to their lowest level in six months; Ukraine is advised to stock up for the upcoming winter.

European gas prices have fallen to their lowest level in six months; Ukraine is advised to stock up for the upcoming winter. At the end of last week, futures prices for natural gas in Europe dropped sharply by over 10% to €35.2 per MWh, according to the ICE exchange. These are the lowest European gas prices in the past six ...

Metallurgy’s contribution to Ukraine’s GDP increased to 7.2% last year.

Metallurgy’s contribution to Ukraine’s GDP increased to 7.2% last year. Industries in Ukraine’s mining and metallurgical complex (MMC) contributed 7.2% to Ukraine’s GDP in 2024, up from 5.7% in 2023. The increase in the MMC’s share resulted from a rise i...

What does the updated trade agreement between Ukraine and EFTA entail?

What does the updated trade agreement between Ukraine and EFTA entail? Ukraine has signed a modernized agreement with the European Free Trade Association (EFTA includes Iceland, Liechtenstein, Norway, and Switzerland), which features updated chapters on trade facilitatio...

Tuesday, April 8

Trump attempts to use the mineral deal with Ukraine as leverage to pressure Russia in negotiations.

Trump attempts to use the mineral deal with Ukraine as leverage to pressure Russia in negotiations. According to US Treasury Secretary Scott Bessent, after signing the deal Trump intended to reach out to Russia with a message supporting Ukraine in the economic sphere, hoping that this would encourag...

Washington has not yet discussed with the EU easing Russian sanctions to facilitate a temporary ceasefire agreement in Ukraine.

Washington has not yet discussed with the EU easing Russian sanctions to facilitate a temporary ceasefire agreement in Ukraine. David O’Sullivan, the EU’s special representative for sanctions, stated that Washington has not yet contacted the EU to address Russia’s request for sanctions relief – one of the cou...

Europe is considering creating another defense fund: Britain, Ukraine, and Norway would be eligible to join the initiative.

Europe is considering creating another defense fund: Britain, Ukraine, and Norway would be eligible to join the initiative. EU finance ministers will discuss the creation of a joint intergovernmental defense fund on April 12, which would provide large-scale defense financing without increasing public debt levels, a growing...

ATB plans to expand its network to 5,000 stores while investing in energy independence.

ATB plans to expand its network to 5,000 stores while investing in energy independence. ATB Corporation, Ukraine’s largest grocery retailer, aims to increase its footprint to 5,000 stores, which is 250% more than its current network of 1,300 stores. In 2025, the corporation intends...

The state approves projects worth ₴4.5B in energy, infrastructure, and housing construction.

The state approves projects worth ₴4.5B in energy, infrastructure, and housing construction. Under the third stage of the Ukraine Recovery Program, a total of 130 projects valued at ₴4.5B have received approval, according to the Ministry of Development and Infrastructure. These projects inclu...

A ceramic tile manufacturer from the Epicentr group plans to increase its share of product exports to 30% after raising production to pre-war levels.

A ceramic tile manufacturer from the Epicentr group plans to increase its share of product exports to 30% after raising production to pre-war levels. Epicentr Ceramic Corporation is working to strengthen its position in the international market. In 2024, this ceramic tile manufacturer managed to boost its exports by over 100%. In 2021, exports acco...

Ukrainian refugees may lose their right to stay in the EU following the ceasefire.

Ukrainian refugees may lose their right to stay in the EU following the ceasefire. Millions of Ukrainian refugees in the EU might lose the right to remain in Europe amid discussions of a truce, as the EU has no clear plan that will allow them to remain in EU countries post-ceasefire...

Monday, April 7

The National Bank of Ukraine has outlined the reasons for rising inflation in the country.

The National Bank of Ukraine has outlined the reasons for rising inflation in the country. In February 2025, both general and core inflation continued to rise in Ukraine. According to the NBU, inflation maintained its upward trend in March. The primary factors driving inflation’s acce...

Why did Ukraine’s economic recovery slow down last year compared to 2023?

Why did Ukraine’s economic recovery slow down last year compared to 2023? Ukraine’s real GDP grew by 2.9% in 2024. Although the economy experienced growth for the second consecutive year amid the full-scale war, the pace of recovery decelerated compared to 2023, when ...

The EU is preparing counter-tariffs targeting the US totaling $28B, and the UK has compiled a list of 8,000 US goods to mirror tariffs.

The EU is preparing counter-tariffs targeting the US totaling $28B, and the UK has compiled a list of 8,000 US goods to mirror tariffs. EU countries will aim to present a united front against Donald Trump’s tariffs in the coming days, likely by approving the initial set of targeted counter-measures on US imports. The 27 EU count...

South Korean LS Group is seeking partners to build a tractor factory in Ukraine.

South Korean LS Group is seeking partners to build a tractor factory in Ukraine. As reported by Minister of Agrarian Policy Vitaly Koval, “The construction of a tractor plant is not only a viable investment but also a strategic move for the development of the Ukrainian agric...

Poland wants to build a port in the Odesa region to export agricultural products to Africa.

Poland wants to build a port in the Odesa region to export agricultural products to Africa. The Polish Minister of Agriculture, Michal Kolodziejczak, proposed leasing coastal land in Odesa for 50 years or purchasing it from Ukraine to create a grain port for Poland. He indicated that this in...

Friday, April 4

Trump has introduced large-scale tariffs; how will Ukraine be affected?

Trump has introduced large-scale tariffs; how will Ukraine be affected? Commenting on the introduction of import tariffs by US President Trump, Ukraine’s Minister of Economy Yulia Svyrydenko, noted: “It is difficult, but not critical. A general tariff of 10% w...

Britain proposes that Europe create a joint arms purchasing fund worth hundreds of billions of euros.

Britain proposes that Europe create a joint arms purchasing fund worth hundreds of billions of euros. Britain has proposed that European countries create a supranational fund for centralized purchases of military equipment, accumulation of weapons stocks, and financing the continent’s rearmament...

Denmark has announced a new Ukrainian military aid package valued at almost €900M.

Denmark has announced a new Ukrainian military aid package valued at almost €900M. This is Denmark’s 25th military aid package for Ukraine, which has allocated DKK 6.7B (€900M) for the period of 2025-2027. DKK 1.4B is set aside for the provision of artillery and ammunition dur...

Czech CSG increased its sales by 614% because of the war in Ukraine.

Czech CSG increased its sales by 614% because of the war in Ukraine. Czechoslovak Group AS (CSG) increased its profit by 200% in 2024, driven by greater supplies to Ukraine and NATO countries. Since the onset of the full-scale Russian invasion of Ukraine, the Czech com...

OPEC+ increases its oil output as Russia sees a drop in hydrocarbon revenue.

OPEC+ increases its oil output as Russia sees a drop in hydrocarbon revenue. The OPEC+ countries – Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman – have decided to raise oil production by 411,000 barrels per day in May. This decision is part of a gr...

Ukraine’s insurance market continues to recover, showing steady growth.

Ukraine’s insurance market continues to recover, showing steady growth. Last year, the Ukrainian insurance market demonstrated an increase in all key indicators: assets, insurance premiums, and payments. Total gross insurance premiums rose by 15%, reaching ₴53.1B, primari...

Microenterprises have the most optimistic expectations about future operations in Ukraine.

Microenterprises have the most optimistic expectations about future operations in Ukraine. According to the Institute of Economic Research, the index of anticipated changes in business activity in February, as in January, is 0.1. The share of those planning to expand their activities is 15....

Trends in the commercial real estate market in Kyiv.

Trends in the commercial real estate market in Kyiv. CBRE Ukraine’s research for the second half of 2024 shows that retail turnover in Ukraine increased by 13% year-on-year. However, consumers continue to face a challenging economic situation, and...

Thursday, April 3

500% tariff: The US Senate proposes new sanctions against Russia in retaliation for the Kremlin’s refusal to sign a peace deal.

500% tariff: The US Senate proposes new sanctions against Russia in retaliation for the Kremlin’s refusal to sign a peace deal. Two US senators, Republican Lindsey Graham and Democrat Richard Blumenthal, have introduced a bill to impose new sanctions on Russia in response to the Kremlin’s refusal to sign a peace deal. &#...

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