Economy

Wednesday, July 30

Money for reforms: The EU has warned Kyiv about the link between funding certain programs and the operations of the NABU and SAPO.

Money for reforms: The EU has warned Kyiv about the link between funding certain programs and the operations of the NABU and SAPO. The EU sent Kyiv a diplomatic warning about potential funding cuts if the parliament does not fully repeal the provisions of Law No. 12414 this week, which restrict the powers of the National Anti-Cor...

Ukraine plans to launch long-term electricity trading auctions with three EU countries.

Ukraine plans to launch long-term electricity trading auctions with three EU countries. The National Commission for State Regulation in the Spheres of Energy and Utilities (NKREKP) has agreed on new rules for long-term capacity allocation on the border of Ukraine with three EU countries....

The Ministry of Finance has not held new negotiations with creditors following Ukraine’s default on state GDP warrants.

The Ministry of Finance has not held new negotiations with creditors following Ukraine’s default on state GDP warrants. These warrants, with a nominal value of $2.6B, have not prompted additional rounds of negotiations with their owners. Currently, the ministry is limited to “continuous dialogue” with the c...

A company from Poland will build a €60M fuel terminal in the Lviv region.

A company from Poland will build a €60M fuel terminal in the Lviv region. Unimot, a Polish energy company, plans to develop a large fuel and energy complex in the Lviv area, investing €55-60M, according to Unimot S.A. top manager Nazariy Volyansky. “We have already pu...

Polish logistics companies are losing millions due to the halt in Ukrainian grain transit.

Polish logistics companies are losing millions due to the halt in Ukrainian grain transit. Laura Gołowacz, president of the Polish CSL logistics group, reported that Polish ports and terminals face significant losses because the transshipment of Ukrainian grain has come to a nearly complete...

The construction area of new residential premises has grown by more than 50% annually.

The construction area of new residential premises has grown by more than 50% annually. According to the State Statistics Service, in the first quarter of 2025 construction in Ukraine rebounded, with 22,698 apartments totaling 1.4 million square meters built. Last year, during the same p...

Despite the need for additional financing, businesses do not see enough credit opportunities.

Despite the need for additional financing, businesses do not see enough credit opportunities. A study by the EBA showed that the demand for financing among micro, small, and medium-sized enterprises remains high: 59% are seeking long-term loans, and 40% are seeking short-term options. At the s...

Ukrainians have increasingly switched to electric cars in recent years, and here is why.

Ukrainians have increasingly switched to electric cars in recent years, and here is why. The Institute for Automotive Market Research, after analyzing the structure of primary registrations of imported used cars by fuel type in the first half of the year from 2022-2025, reported that gaso...

Tuesday, July 29

Ukraine bonds surge as Trump pressures Russia for a quick truce.

Ukraine bonds surge as Trump pressures Russia for a quick truce. Ukrainian bonds demonstrated their largest gain in a month right directly following US President Donald Trump’s increased pressure on Russian dictator Vladimir Putin to quickly end the war in Uk...

The US and EU reach a trade deal: Why it’s a good sign for Ukraine.

The US and EU reach a trade deal: Why it’s a good sign for Ukraine. The US and the EU have agreed on a trade deal that will impose a 15% tariff on most EU exports, including cars, semiconductors, and pharmaceuticals, starting August 1. To replace Russian energy, the E...

The NBU has a contingency plan for a potential external financing shortfall in 2026-2027.

The NBU has a contingency plan for a potential external financing shortfall in 2026-2027. According to Deputy Chairman Serhiy Nikolaychuk, if international assistance proves insufficient, the National Bank, together with the Ministry of Finance, is preparing to implement alternative mechan...

Zelenskyy signs a law to reform ARMA in order to secure €600M in EU funding.

Zelenskyy signs a law to reform ARMA in order to secure €600M in EU funding. President Zelenskyy approved Law No. 12374-d, which enhances the institutional capacity of the National Agency of Ukraine for the Identification, Search, and Management of Assets Derived from Corrupti...

More than 3,000 companies have been excluded from the “white business club” since the start of the year.

More than 3,000 companies have been excluded from the “white business club” since the start of the year. Since the beginning of 2025, 4,113 companies have joined the list of businesses that meet transparent business conduct standards in Ukraine, while 3,228 have dropped out. In total, there are now 8,882...

Monday, July 28

The EU might cut off Russian gas supplies a year earlier than expected.

The EU might cut off Russian gas supplies a year earlier than expected. The European Parliament is exploring proposals to accelerate the EU’s phase-out of Russian gas by one year, aiming for January 2027. EU countries and their lawmakers are preparing to negotiate an EU p...

The EU might reduce Ukraine’s aid by €1.45B over missed reform deadlines.

The EU might reduce Ukraine’s aid by €1.45B over missed reform deadlines. According to European Commission spokesman Guillaume Mercier, the fourth installment of financial aid to Ukraine in 2025 under the Ukraine Facility mechanism, which Ukraine requested in June, will be ...

Ukraine’s needs at least $65B per year in external funding to keep the economy healthy and continue repelling the Russian aggressor.

Ukraine’s needs at least $65B per year in external funding to keep the economy healthy and continue repelling the Russian aggressor. President Volodymyr Zelenskyy, speaking to journalists, said Ukraine must close an annual budget deficit of about $40B, with an additional $25B needed for domestic production of missiles, drones, elec...

Priority areas for housing restoration and social rental stock construction in Ukraine through 2028 will require ₴133B in investment.

Priority areas for housing restoration and social rental stock construction in Ukraine through 2028 will require ₴133B in investment. According to the DREAM state portal, the estimated maximum public investment in housing restoration and social rental stock for 2026-2028 amounts to ₴18.4B, while the sector’s priority needs are...

Poland, Slovenia, and Japan continue their efforts to support Ukraine.

Poland, Slovenia, and Japan continue their efforts to support Ukraine. Polish businesses are applying to the Polish State Development Bank (BGK) for preferential loans to invest in Ukraine’s reconstruction and modernization projects, including roads, energy networks, and...

Since 2021, over 8,600 agricultural companies have been established in Ukraine – for every closed farm, 2.5 new ones are created.

Since 2021, over 8,600 agricultural companies have been established in Ukraine – for every closed farm, 2.5 new ones are created. In the past five years, 8,644 farms were registered in Ukraine, while 3,416 ceased operations. Registration peaked in 2021 with 2,678 new farms, but after Russia’s full-scale invasion registrati...

In the current season, harvest indicators are significantly below last year’s level.

In the current season, harvest indicators are significantly below last year’s level. As of July 25, farmers had threshed 10.347 million tons of early grain and leguminous crops, compared to 7.226 million tons the week before. Notably, 7.088 million tons of wheat, 2.792 million tons of...

Ukrainian real estate market trends: Rental rates for warehouse space and the indirect costs of housing construction are rising.

Ukrainian real estate market trends: Rental rates for warehouse space and the indirect costs of housing construction are rising. According to CBRE Ukraine, the base rental rate for warehouse properties in Kyiv averages $5 per square meter and is likely to increase due to a shortage of available premises. However, prices in Kyiv...

Friday, July 25

The National Bank of Ukraine has kept its key rate at 15.5% for the third consecutive meeting,

The National Bank of Ukraine has kept its key rate at 15.5% for the third consecutive meeting, as announced on its website. The central bank explained that there’s no room to lower interest rates after bad weather caused damage to crops, while increased Russian air attacks continue to hurt bus...

The NBU believes that inflation has already peaked for this year and has started to decline.

The NBU believes that inflation has already peaked for this year and has started to decline. According to Andriy Pyshnyy, the head of the National Bank of Ukraine, inflation reached its peak as expected in May and began to decrease in June, amounting to 14.3% year-on-year. At the same time, i...

The Ukrainian government is launching a grant program to establish a complete explosives production cycle.

The Ukrainian government is launching a grant program to establish a complete explosives production cycle. The Cabinet of Ministers has approved a new grant competition under the Brave1 project to develop a full explosives manufacturing cycle in Ukraine, announced Prime Minister Yulia Svyrydenko. The initi...

The EU has imported €1B worth of Russian metal products in five months, but Russian metallurgists’ profits are declining.

The EU has imported €1B worth of Russian metal products in five months, but Russian metallurgists’ profits are declining. According to Eurostat, from January to May 2025, despite sanctions, the EU imported 2.57 million tons (+1.1% compared to the same period last year) of metallurgical products from Russia, with a cost o...

More resources for defense: Zelenskyy signs decree to audit state budget spending.

More resources for defense: Zelenskyy signs decree to audit state budget spending. President Zelenskyy has signed a decree aimed at reducing bureaucratic procedures and initiating an immediate audit of state expenditures. The president emphasized that he expects concrete results fro...

Despite record spending on the war, the Russian military-industrial complex will gradually decline.

Despite record spending on the war, the Russian military-industrial complex will gradually decline. Experts from the British think tank Chatham House noted that the Russian Federation is spending unprecedented amounts on its war against Ukraine, but as a result of sanctions imposed by the West, it i...

The largest frozen bakery plant in Ukraine has been opened in Transcarpathia with a ₴400M investment.

The largest frozen bakery plant in Ukraine has been opened in Transcarpathia with a ₴400M investment. Bakery Food Investment launched a new frozen bakery facility in Khust, Transcarpathian region, with the total investment of ₴400M ($9.5M). BFI acquired the site in September 2024, and by May 2025, the...

Thursday, July 24

How much did Ukraine earn from vegetable oil exports in 2025?

How much did Ukraine earn from vegetable oil exports in 2025? The main buyers of Ukrainian sunflower oil from January to June this year were Spain and Italy, which accounted for 12.88% and 12.18% of exports, respectively, followed by India with an 11.77% share. ...

Most new green energy projects in 2024 were cheaper than fossil fuel alternatives.

Most new green energy projects in 2024 were cheaper than fossil fuel alternatives. According to a report by the International Renewable Energy Agency (IRENA), deploying 582 gigawatts of new renewable capacity in 2024 led to significant savings, avoiding fossil fuel costs of about $5...

Ukrainian metallurgists plan to invest millions of dollars in products for export and are seeking for funding their projects.

Ukrainian metallurgists plan to invest millions of dollars in products for export and are seeking for funding their projects. Centravis, a manufacturer of seamless stainless-steel pipes, plans to implement projects to modernize their production and expand their pipe manufacturing operations by $14.5M over two years. The firs...

Russia’s oil and gas revenues are expected to fall by 37% in July, as the US allows sanctions to be tightened.

Russia’s oil and gas revenues are expected to fall by 37% in July, as the US allows sanctions to be tightened. Due to declining oil prices and a strengthening Russian currency, Moscow’s income from July’s hydrocarbon sales will drop by roughly 37% compared to the same period last year, reaching ₽68...

Wednesday, July 23

The Russian oil business is under pressure: The US hopes that Europe will join secondary sanctions against buyers of Russian oil.

The Russian oil business is under pressure: The US hopes that Europe will join secondary sanctions against buyers of Russian oil. US Treasury Secretary Scott Bessent said that the Washington expects its European allies to join potential secondary tariffs against countries that help Russia, particularly by purchasing its oil. The...

Energy system integration: Ukraine’s parliament approves draft law on unification of Ukrainian and EU electricity markets.

Energy system integration: Ukraine’s parliament approves draft law on unification of Ukrainian and EU electricity markets. The Ukrainian Parliament adopted in the first reading a draft law that establishes the foundations for the phased integration of Ukraine’s electricity market into the EU’s single energy sp...

Ukraine needs $120B for defense in 2026, with 50% of this amount expected to come from its allies.

Ukraine needs $120B for defense in 2026, with 50% of this amount expected to come from its allies. According to Defense Minister Denys Shmyhal, Ukraine will require at least $120B for its defense needs in 2026, and efforts are currently underway with EU and NATO member states to secure half of this...

South Korea will fund the construction of a modern waste processing plant in Odesa costing over $300M.

South Korea will fund the construction of a modern waste processing plant in Odesa costing over $300M. Odesa Deputy Mayor Anna Pozdnyakova stated that a waste processing plant with a price tag of over $300M will be built in the Peresypsky district of the city under an intergovernmental agreement with S...

Ukraine and France are strengthening their defense industry cooperation through partnerships between companies.

Ukraine and France are strengthening their defense industry cooperation through partnerships between companies. The Ukrainian Council of Gunsmiths and the French Land and Airland Defense and Security Industries Association (GICAT) have signed a memorandum of strategic cooperation, marking a new chapter in the r...

Ukraine has implemented a moratorium on business inspections.

Ukraine has implemented a moratorium on business inspections. The National Security and Defense Council has established a ban on inspections by law enforcement, customs, tax, and other regulatory agencies during martial law. Going forward, inspections will only ...

Tuesday, July 22

Ukraine requires $6B to cover the domestic weapons procurement funding shortfall.

Ukraine requires $6B to cover the domestic weapons procurement funding shortfall. As Ukrainian Defense Minister Denys Shmyhal stated at the 29th Ramstein-format meeting, this amount is necessary to address this year’s weapons deficit. He noted that this funding would enable U...

Domestic gunsmiths will supply 50% of the weapons needed by the Ukraine’s military as cooperation with foreign partners expands.

Domestic gunsmiths will supply 50% of the weapons needed by the Ukraine’s military as cooperation with foreign partners expands. Ukraine aims to produce half of the weapons used by its armed forces domestically, including drones, armored vehicles, and ammunition. Since the start of the full-scale invasion, weapons production in...

Sanctions are in place and taking hold: Russian refineries are idle, and India may stop buying Russian oil.

Sanctions are in place and taking hold: Russian refineries are idle, and India may stop buying Russian oil. According to the Russian Ministry of Energy, oil companies in Russia face delays in repairing refineries due to sanctions. These repairs are slowed by equipment supply chain issues. Meanwhile, Ministe...

A German bank has financed the modernization of a mining and processing plant in Kryvyi Rih.

A German bank has financed the modernization of a mining and processing plant in Kryvyi Rih. Metinvest Group received a €23.6M credit line from Deutsche Bank for 11.5 years to upgrade the Northern Mining and Processing Plant, including purchasing equipment from Finnish industrial manufacturer...

Kyiv and Paris have agreed to deepen their strategic cooperation and establish a €200M fund for Ukraine’s infrastructure and economy.

Kyiv and Paris have agreed to deepen their strategic cooperation and establish a €200M fund for Ukraine’s infrastructure and economy. Ukrainian Prime Minister Yulia Svyrydenko said that during French Foreign Minister Jean-Noel Barrot’s visit to Kyiv, they discussed cooperation in defense, finance, reconstruction, and sanctions...

The co-founder of Kyivstar’s parent company looks to sell shares of the Ukrainian mobile operator.

The co-founder of Kyivstar’s parent company looks to sell shares of the Ukrainian mobile operator. VEON, which owns Kyivstar and plans to indirectly list the company on the US NASDAQ stock exchange this year, initially wanted to also offer shares within Ukraine. However, regulatory obstacles are hi...

Almost 50% of small and medium-sized companies in Ukraine reported a 38% drop in profits in 2024, but businesses are not halting their investments.

Almost 50% of small and medium-sized companies in Ukraine reported a 38% drop in profits in 2024, but businesses are not halting their investments. According to an EBRD study, 47% of small and medium-sized businesses (SMEs) in Ukraine experienced a decline in profits in 2024, while 17% saw their profits increase. Despite the profit decrease, 66% ...

Monday, July 21

The EU has approved its 18th Russian sanctions package, one of the toughest packages yet.

The EU has approved its 18th Russian sanctions package, one of the toughest packages yet. EU ambassadors agreed on the 18th package of sanctions in response to Russia’s aggression against Ukraine. EU Foreign Minister Kaja Kallas described this package as “one of the toughest sa...

Metinvest announces two investment projects aimed at decarbonizing metallurgy, valued at $1.3B.

Metinvest announces two investment projects aimed at decarbonizing metallurgy, valued at $1.3B. The Metinvest Group unveiled these large-scale projects at the URC2025 international conference in Rome. Both initiatives will be carried out at the Northern Mining and Processing Plant. The first pro...

Ukrainian retailer Varus will invest $30M to develop a food delivery platform.

Ukrainian retailer Varus will invest $30M to develop a food delivery platform. The Varus supermarket chain plans to allocate $30M over the next three years to create a separate technology platform for delivering food kits on a subscription basis. The company aims to shift from t...

The 2026 state budget’s external financing deficit will reach $19B.

The 2026 state budget’s external financing deficit will reach $19B. Roksolana Pidlasa, head of the parliamentary budget committee, said that after adopting amendments to Ukraine’s budget this year, its planned deficit will be $42B (based on the estimated exchang...

Polish oil producers are urging their government to lift the embargo on Ukrainian rapeseed imports due to a raw material shortage.

Polish oil producers are urging their government to lift the embargo on Ukrainian rapeseed imports due to a raw material shortage. The Polish Association of Oil Producers (PSPO), which represents 95% of the industry, has asked Prime Minister Donald Tusk to reverse the 2023 order banning Ukrainian rapeseed imports. The raw materia...

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