Economy

Friday, June 6

Ukraine and the US are progressing on projects related to the mineral agreement.

Ukraine and the US are progressing on projects related to the mineral agreement. The inaugural meeting of the fund’s governing board is set for late July, with the fund expected to begin operations by year’s end. Economy Minister Yulia Svyrydenko commented on their par...

Danish companies will receive a €20M guarantee from the EU for operations in Ukraine.

Danish companies will receive a €20M guarantee from the EU for operations in Ukraine. The European Investment Fund (EIF) and the Export and Investment Fund of Denmark (EIFO) have signed the first agreement under the EU’s Export Credit Guarantee Program for Ukraine, as reported by the M...

The EU supports the notion of synchronizing sanctions with the US.

The EU supports the notion of synchronizing sanctions with the US. The EU is prepared to collaborate with the US to simultaneously impose sanctions on Russia to compel Russian dictator Putin to agree to peace talks, stated European Commission President Ursula von der...

In the first half of 2025, Ukraine’s macroeconomic condition has worsened.

In the first half of 2025, Ukraine’s macroeconomic condition has worsened. Analysts suggest that this decline stems from the exhaustion of recovery effects following the tough year of 2022, which became evident around the start of the second quarter last year. Essentially, t...

The state has enhanced the process for establishing industrial parks, allocating ₴500M for their development.

The state has enhanced the process for establishing industrial parks, allocating ₴500M for their development. Starting in 2025, the Ministry of Economy will start accepting applications for state support of industrial parks, through August 15. Last year, the government backed 15 parks with ₴1.1B, which funded...

Exports of Ukrainian dairy products have almost doubled imports, indicating that the industry is thriving despite the war.

Exports of Ukrainian dairy products have almost doubled imports, indicating that the industry is thriving despite the war. Last year, Ukraine exported 118,000 tons of dairy products, surpassing imports by nearly 100%. Export revenue reached $296.8M, an increase of 16% from 2023 and 20% from 2021. The largest export catego...

German logistics company HHLA has acquired a controlling stake in a multimodal terminal in Transcarpathia.

German logistics company HHLA has acquired a controlling stake in a multimodal terminal in Transcarpathia. Hamburger Hafen und Logistik AG (HHLA) has purchased a 60% stake in the Eurobridge multimodal terminal, situated in the Transcarpathian region. This terminal in Batiovo will operate as a joint venture...

The demand for retail space in Ukrainian residential complexes is on the rise.

The demand for retail space in Ukrainian residential complexes is on the rise. This year has witnessed a revival in the demand for commercial real estate within these developments; however, in light of the ongoing war, increasing inflation, and economic recession, new trends hav...

Thursday, June 5

The Ukrainian Parliament has announced its strategy for tackling the budget deficit.

The Ukrainian Parliament has announced its strategy for tackling the budget deficit. Danylo Hetmantsev, head of Committee on Finance, confirmed that there are no plans to raise taxes in 2026, and that the shortfall in the state budget will be managed through alternative sources. He no...

Ukraine plans to manufacture 2.5 million drones this year, having signed contracts worth $2.5B with 76 companies.

Ukraine plans to manufacture 2.5 million drones this year, having signed contracts worth $2.5B with 76 companies. According to the estimates, drone production will rise by 150%, increasing from one million last year to 2.5 million in 2025. The Ukrainian Ministry of Defense has allocated over $2.5B for 2024-2025 t...

Ukrainian farmers are facing a severe shortage of equipment.

Ukrainian farmers are facing a severe shortage of equipment. Over the past three years, farmers have lost a significant portion of their machinery. According to the Institute of Agrarian Economics, last year agricultural enterprises had 22% fewer tractors, 13.5...

Various industries, from food production to woodworking, are making strides in the Rivne region.

Various industries, from food production to woodworking, are making strides in the Rivne region. There, the Nova-Pak company employs cutting-edge technologies to create over 600 products, including spices and seasonings, which are distributed throughout Ukraine and successfully exported. The comp...

In Western Ukraine, construction has intensified and the prices for newly constructed flats has increased.

In Western Ukraine, construction has intensified and the prices for newly constructed flats has increased. Over the three years of the full-scale Russian invasion, prices in the primary housing market in Ivano-Frankivsk have increased the most, by 63%. During this time, the cost of a square meter in the ci...

Trump has increased tariffs on steel and aluminum to 50%: How will this affect Ukrainian exports?

Trump has increased tariffs on steel and aluminum to 50%: How will this affect Ukrainian exports? US President Donald Trump has signed an executive order that will raise tariffs on steel and aluminum imports from 25% to 50% effective June 4. As evidenced by the executive order, Trump has concluded...

Ukraine and Japan are enhancing their infrastructure collaboration.

Ukraine and Japan are enhancing their infrastructure collaboration. The Ministry of Development and Trade announced: “The total Japanese humanitarian, technical, and financial support we have received is approximately $15B. We also intend to actively involve Jap...

The shortage of personnel is a key factor driving economic change in Ukraine.

The shortage of personnel is a key factor driving economic change in Ukraine. Ruslan Shostak, the president of TERWIN Corporation and founder of EVA and VARUS, asserts that prior to the full-scale Russian invasion in 2022, Ukraine had roughly 17.3 million able-bodied citizens. ...

Wednesday, June 4

DTEK has secured a record loan for the construction of one of the largest energy storage complexes in Eastern Europe.

DTEK has secured a record loan for the construction of one of the largest energy storage complexes in Eastern Europe. DTEK has reached an agreement with a consortium of Ukrainian banks led by Oschadbank for this unprecedented financing aimed at modern energy storage systems in Ukraine. Three Ukrainian banks – Oschadb...

Ukraine has generated over ₴342M through its privatization efforts.

Ukraine has generated over ₴342M through its privatization efforts. The State Property Fund of Ukraine (SPFU) successfully conducted nine online privatization auctions from May 26 to May 30, raising ₴342.32M ($8.3M). On average, the value of the assets available at th...

The EU and the US are preparing to ratchet up sanctions pressure against Russia.

The EU and the US are preparing to ratchet up sanctions pressure against Russia. Head of the EC Ursula von der Leyen discussed coordinating sanctions against Russia with US Republican Senator Lindsey Graham in an effort to end the war. The US senator proposes introducing 500% duti...

Turkey holds a leading position in Ukraine’s metal product import market thanks to its competitive pricing.

Turkey holds a leading position in Ukraine’s metal product import market thanks to its competitive pricing. Following the outbreak of the full-scale Russian war, there has been a substantial increase in Ukraine’s steel imports to compensate for the 40% loss in domestic metallurgical capacity. However,...

American businesses in Ukraine are particularly focused on defense technologies.

American businesses in Ukraine are particularly focused on defense technologies. Currently, the most compelling direction for US businesses in Ukraine is the defense sector, particularly projects that can be classified as dual-use technologies, said Valeriy Krasovsky, co-founder a...

Another branch of the Ukrainian agricultural sector is drawing foreign investment amid rapid growth.

Another branch of the Ukrainian agricultural sector is drawing foreign investment amid rapid growth. In recent years, Ukrainian seed exports have demonstrated steady growth. International companies such as Bayer, KWS, Syngenta, Corteva, Maisadour, and Remington Seeds are actively investing in expandi...

Volyn will develop an industrial park for the processing of industrial hemp into textiles.

Volyn will develop an industrial park for the processing of industrial hemp into textiles. TwinSocks, a manufacturer and distributor of hosiery products based in Volyn, is preparing to create an eco-industrial park focused on processing technical hemp. This crop has the potential to form th...

Ukrainian honey exporters are losing their competitive edge in the EU market because of quotas.

Ukrainian honey exporters are losing their competitive edge in the EU market because of quotas. Beehive, one of Ukraine’s largest honey exporters, sold 9,000 tons of product last year but now expects to sell only 5,000 to 6,000 tons this year. Tariffs have made Ukrainian honey too costly f...

Tuesday, June 3

France and Germany advocate for heightened sanctions on Russia while the US Senate looks to implement new restrictions ahead of the G7 summit.

France and Germany advocate for heightened sanctions on Russia while the US Senate looks to implement new restrictions ahead of the G7 summit. French President Emmanuel Macron has called on the US to enact sanctions targeting Russia if Moscow remain unwilling to cease hostilities in Ukraine. German Foreign Minister Johann Wadephul has also p...

BGV Group is set to concentrate on utilities and energy, allocating $147M for investment.

BGV Group is set to concentrate on utilities and energy, allocating $147M for investment. BGV Group Management has authorized five energy projects. Additionally, the company is gearing up to launch an energy service company, which will allow it to tap into the promising market for enhancin...

Agricultural enterprises ranked as the most unprofitable sector in Ukraine during the first quarter.

Agricultural enterprises ranked as the most unprofitable sector in Ukraine during the first quarter. In Q1 2025, large and medium-sized businesses reported a total financial outcome of ₴241.2B, ₴12.4B or 4.9% lower than the previous year’s figure of ₴253.6B for the same period. Approximately 38...

A Ukrainian mineral water manufacturer has begun construction of a new plant in the Lviv region.

A Ukrainian mineral water manufacturer has begun construction of a new plant in the Lviv region. Mineral water producer Karpatska Dzherelna, a subsidiary of Karpatski Mineralni Vody, has begun construction on a new facility near the village of Khmeleva. The enterprise’s area will cover appr...

Businesses have reported positive assessments of their activities across all sectors.

Businesses have reported positive assessments of their activities across all sectors. According to the NBU, in May businesses delivered positive evaluations of their own economic performance. For the first time since May 2024, enterprises from all sectors anticipated growth. In May 202...

Monday, June 2

Britain and France prepare to provide long-term defense for Ukraine without US support, rather than sending peacekeepers.

Britain and France prepare to provide long-term defense for Ukraine without US support, rather than sending peacekeepers. British and French officials working on plans to deploy peacekeepers in Ukraine have discussed the necessity of providing long-term defense for Ukraine without US involvement. In particular, the offic...

The Ukrainian shadow economy is valued at $21.7B annually and combating it could contribute an additional $4B to the budget in 2025.

The Ukrainian shadow economy is valued at $21.7B annually and combating it could contribute an additional $4B to the budget in 2025. Danylo Hetmantsev, head of the Verkhovna Rada Finance Committee, revealed that the shadow sector is estimated at ₴800-900B ($21.7B). About 30-50% of the economy exists in the shadows, with some sector...

Moody’s has maintained Ukraine’s pre-default rating.

Moody’s has maintained Ukraine’s pre-default rating. On May 30, Moody’s Rating Agency affirmed the long-term issuer ratings of the Ukrainian government in foreign and national currencies at Ca – one of the lowest credit ratings on Moody’s sc...

Over 200 Finnish companies are preparing to enter the Ukrainian market.

Over 200 Finnish companies are preparing to enter the Ukrainian market. More than 200 small and medium Finnish firms are looking to establish a presence in Ukraine, while larger companies are planning to broaden their operations. The most promising sectors for Finnish inv...

Philip Morris is preparing to resume cigarette exports from Ukraine.

Philip Morris is preparing to resume cigarette exports from Ukraine. Philip Morris Ukraine is considering whether to start the export of cigarettes manufactured at a newly built factory in the Lviv region, said the company’s CEO Maksym Barabash during a roundtabl...

OPEC+ will once again increase oil production, allowing Western firms to increase shipments of Russian crude.

OPEC+ will once again increase oil production, allowing Western firms to increase shipments of Russian crude. Earlier this year, the Western energy sector began to consider how it might carefully return to Russia if peace is reached in Ukraine. Due to falling oil prices, Greek vessels transported 26% of Russi...

The Ukrainian government will support two additional projects with significant investments.

The Ukrainian government will support two additional projects with significant investments. The Cabinet of Ministers has approved the conclusion of two more special investment agreements with the Slavsky and Rozhanka Park companies, which will develop a new €140M ski resort in the Lviv regio...

Almost 8% of EU organic imports come from Ukraine, which is establishing itself as a leader in this market.

Almost 8% of EU organic imports come from Ukraine, which is establishing itself as a leader in this market. In 2024, Ukraine became one of the top three exporters of organic products to the bloc among European countries and has remained among the top five largest exporters to the EU for seven years. In 2024...

Ukrainian gunsmiths are fostering cooperation with their British and Canadian counterparts.

Ukrainian gunsmiths are fostering cooperation with their British and Canadian counterparts. The Ukrainian Gunsmiths Council has signed a memorandum of strategic cooperation with the British ADS Group, which comprises over 1,500 companies in the aerospace and defense sector. The agreement inc...

Friday, May 30

The development of processing and broadened opportunities for Ukrainian exporters: What does Ukraine’s new export strategy until 2030 entail?

The development of processing and broadened opportunities for Ukrainian exporters: What does Ukraine’s new export strategy until 2030 entail? According to Taras Kachka, the deputy trade representative of Ukraine, the export strategy that is currently being formulated by the Ministry of Economy prioritizes the Made in Ukraine initiative, sti...

Ukraine’s economy will continue to slow down.

Ukraine’s economy will continue to slow down. The growth of Ukraine’s economy slowed in the first quarter of the year and the main reason for that is the war, said Danylo Hetmantsev, chairman of the parliamentary finance committee. He recal...

Exports from Ukraine do not significantly impact the total imports of key partner countries.

Exports from Ukraine do not significantly impact the total imports of key partner countries. Veronika Movchan, an expert at the Institute of Economic Research, said during a presentation of a study on importers of Ukrainian products that goods from Ukraine do not play a crucial role in the to...

A Ukrainian bread exporter has entered the agricultural market to complete its entire production cycle.

A Ukrainian bread exporter has entered the agricultural market to complete its entire production cycle. Alviva Group has strategically expanded its operations by entering Ukraine’s agricultural market. This move will enable the group to establish complete control over the entire production cycle –...

Warehouses continue to be in high demand in the Ukrainian commercial real estate market, leading to rising rents.

Warehouses continue to be in high demand in the Ukrainian commercial real estate market, leading to rising rents. According to Ukrainian developers, there is a critical shortage of warehouse space, particularly in the most active areas – the Kyiv and Lviv regions. The warehouse vacancy rate in the Kyiv region has...

Despite the ongoing war, in Kyiv and western Ukraine demand for commercial real estate is rising.

Despite the ongoing war, in Kyiv and western Ukraine demand for commercial real estate is rising. Yaroslav Burykh, a member of the Association of Real Estate Specialists of Ukraine, stated that, despite the full-scale conflict, demand for commercial real estate in Ukraine is increasing, with the h...

Thursday, May 29

Ukraine needs $30B to launch its defense production at full capacity,

Ukraine needs $30B to launch its defense production at full capacity, President Volodymyr Zelenskyy explained, mentioning that the state will soon be ready to license air defense systems. “This amount is needed to deploy production, in particular the missile progr...

Mykolaiv is developing a recovery strategy based on blue economy principles.

Mykolaiv is developing a recovery strategy based on blue economy principles. The southern Ukrainian city Mykolaiv is the first among Ukrainian cities to align economic development with the European approach to the blue economy – the sustainable use of water and marine resource...

Why is Ukraine’s public debt growing?

Why is Ukraine’s public debt growing? According to the Ukrainian Parliament’s Finance Committee, in April 2025 public and state-guaranteed debt increased by 5%, reaching $180B; from January to April, public debt grew by 8.4%. Almost...

New markets are opening for Ukrainian agricultural products: Where do they plan to export?

New markets are opening for Ukrainian agricultural products: Where do they plan to export? According to industry experts, the UK, in light of an unsuccessful season in Spain, a key supplier of blueberries, is shifting its supply structure for this berry towards Eastern European countries, i...

Ukraine will review existing mining licenses after signing a subsoil deal with the US.

Ukraine will review existing mining licenses after signing a subsoil deal with the US. The country is reforming its mineral sector, which has endured three years of war, with the hope of unlocking its vast potential and attracting billions of dollars in investment through its partnershi...

How can the Ukrainian economy reduce its personnel shortage without attracting migrants?

How can the Ukrainian economy reduce its personnel shortage without attracting migrants? The Ukrainian economy urgently requires an additional 4.5 million workers. Currently, out of 31 million Ukrainians living in the country, 13.3 million are employed, and around one million are unemploy...

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