Economy

Wednesday, April 2

Ukrainian retailers are reducing costs and increasing efficiency by investing in solar power plants.

Ukrainian retailers are reducing costs and increasing efficiency by investing in solar power plants. Experts highlight that retailers and businesses in related sectors are currently harnessing solar energy to cut expenses and boost energy independence. For instance, two years ago Epicenter began inst...

Tuesday, April 1

The mineral deal between Ukraine and the US should be viewed within the context of negotiations for EU accession.

The mineral deal between Ukraine and the US should be viewed within the context of negotiations for EU accession. European Commission spokeswoman Paula Pinho noted that Brussels maintains constant communication and if Kyiv requests an assessment of an upcoming draft of a mineral agreement, the EC is prepared to a...

Trump accuses Zelenskyy of planning to abandon the mineral agreement and threatens Ukraine with consequences.

Trump accuses Zelenskyy of planning to abandon the mineral agreement and threatens Ukraine with consequences. US President Donald Trump stated that President Zelenskyy intends to abandon the extraction agreement and warned that such a decision would lead to “significant problems.” “He is loo...

The EIB has financed 24 projects in Ukraine totaling €4.3B.

The EIB has financed 24 projects in Ukraine totaling €4.3B. The Ministry of Finance and the European Investment Bank (EIB) recently conducted another review of the loan portfolio for joint projects in Ukraine. The parties discussed preparations for initiating ...

EU countries will only be able to spend around €500B on defense over the next five years, rather than the desired €800B.

EU countries will only be able to spend around €500B on defense over the next five years, rather than the desired €800B. According to Fitch Ratings, the EU is contemplating a significant increase in defense spending as the United States, which ensured Europe’s security post-World War II, has shown reluctance to continue...

The EBRD has assisted the first Ukrainian companies in insuring themselves against war risk.

The EBRD has assisted the first Ukrainian companies in insuring themselves against war risk. Ukrainian companies now have access to a new war risk insurance program launched by the EBRD in collaboration with international insurance firms. This was made possible by the Ukraine Recovery and Rec...

Ukraine will establish a $10.1B ‘rainy day fund’, using ERA money.

Ukraine will establish a $10.1B ‘rainy day fund’, using ERA money. Ukraine plans to allocate the external financing received from G7 countries through the ERA mechanism, funded by frozen Russian assets, into three parts. One portion will be designated for financing t...

BGV Group will develop a graphite deposit in the Kirovohrad region for battery production.

BGV Group will develop a graphite deposit in the Kirovohrad region for battery production. Pobuzhzhia Development, part of BGV Group Management, co-owner of the ATB supermarket chain, has signed a memorandum of intent to cooperate with the UkraineInvest state institution, which attracts and...

Monday, March 31

Trump is upset with Putin and threatens sanctions on Russian oil.

Trump is upset with Putin and threatens sanctions on Russian oil. President Donald Trump said he’s “pissed off” at Russian President Vladimir Putin and would consider “secondary tariffs” on Russian oil if a ceasefire with Ukraine cannot be re...

The US is pursuing expansion of its influence in Ukraine through a new mineral agreement.

The US is pursuing expansion of its influence in Ukraine through a new mineral agreement. The administration of US President Donald Trump is demanding a “right of first refusal” on investments in all infrastructure and natural resource projects under a revised partnership agree...

Ukraine balks at signing a reworked mineral deal with the US and will insist on increasing investment volumes.

Ukraine balks at signing a reworked mineral deal with the US and will insist on increasing investment volumes. Senior Ukrainian officials indicate that the new mineral agreement draft proposed by the US has little chance of being finalized in its current state. They argue that the agreement gives the impressio...

Rebuilding Ukraine: What business opportunities does France offer?

Rebuilding Ukraine: What business opportunities does France offer? Since the start of the full-scale war, France has been actively providing Ukraine with not only military and humanitarian support, but also economic assistance. The French Development Agency (AFD) ope...

The World Bank has approved $432M to restore Ukraine’s transport infrastructure.

The World Bank has approved $432M to restore Ukraine’s transport infrastructure. The World Bank’s Board of Directors has authorized a new $432M support package, Delivering Resilient Infrastructure in Vulnerable Environments in Ukraine (DRIVE), aimed at helping the government enhan...

The volume of construction work completed in Ukraine increased by 23% last year, indicating that a restoration to pre-war levels could take four to five years.

The volume of construction work completed in Ukraine increased by 23% last year, indicating that a restoration to pre-war levels could take four to five years. According to the State Statistics Service, the volume of construction work completed in Ukraine in 2024 increased by 23.5% compared to 2023, reaching ₴204.7B ($4.8B). Last year’s figure also sur...

Poland will start providing preferential loans to companies engaged in Ukraine’s reconstruction beginning in April.

Poland will start providing preferential loans to companies engaged in Ukraine’s reconstruction beginning in April. A mechanism for preferential lending to companies involved in reconstruction projects in Ukraine will launch in Poland in April. The initial lending amount is PLN 250M (€60M). Notably, this will be th...

Kovalska plans to launch a gas concrete production plant in the Lviv region this June.

Kovalska plans to launch a gas concrete production plant in the Lviv region this June. Kovalska, an industrial and construction group, intends to establish a gas concrete production facility that will produce blocks and panels, U-blocks, and reinforced products in Rozvadov (Lviv region)...

Friday, March 28

Russia aims to gain control over the Black Sea food corridor, which explains its agreement to a ceasefire.

Russia aims to gain control over the Black Sea food corridor, which explains its agreement to a ceasefire. “A ceasefire in the Black Sea is primarily important for the Russians because they have not effectively controlled the Black Sea food corridor for quite some time. Their Black Sea fleet is eithe...

In the newly proposed mineral agreement, the US aims to gain indefinite control over all of Ukraine’s subsoil without providing any security guarantees.

In the newly proposed mineral agreement, the US aims to gain indefinite control over all of Ukraine’s subsoil without providing any security guarantees. The US has proposed a new, detailed draft of the mineral agreement which allows for US control over all of Ukraine’s subsoil yet makes no mention of security guarantees for Ukraine, said MP Yaro...

The US and sanctions against Russia: Russian banks may be reconnected to SWIFT.

The US and sanctions against Russia: Russian banks may be reconnected to SWIFT. US Treasury Secretary Scott Bessent stated that the potential reconnection of Russian banks to the SWIFT international banking system will depend on future actions by Russian authorities. Commenting o...

Ukraine will require significant amounts of steel for reconstruction and searches for ways to address the deficit.

Ukraine will require significant amounts of steel for reconstruction and searches for ways to address the deficit. After the war, Ukraine will have a substantial demand for steel to rebuild its infrastructure and housing, while the market will encounter challenges – competition from foreign suppliers, the necessit...

A Finnish company invests €7.3M in production and warehouse distribution facilities in the Kyiv region.

A Finnish company invests €7.3M in production and warehouse distribution facilities in the Kyiv region. Finnish fast-food chain Hesburger has opened a burger patty production facility, along with a warehouse and distribution center in Boryspil, Kyiv region. The project’s total investment has reach...

A €110M industrial park for the production of bioethanol and biogas is being constructed in the Ternopil region.

A €110M industrial park for the production of bioethanol and biogas is being constructed in the Ternopil region. The construction of the BIO-LAN industrial park is currently underway in the Lanivtsi urban territorial community of Ternopil. The future park, for which registration documents have already been submi...

During the three years of the war, the combined workforce of the 50 largest Ukrainian IT companies has declined by 20,000 specialists due to relocation abroad.

During the three years of the war, the combined workforce of the 50 largest Ukrainian IT companies has declined by 20,000 specialists due to relocation abroad. IT companies N-IX and Grid Dynamics Group saw a decrease of 50% in their workforces, while EPAM’s workforce was reduced by 31%. The largest exodus of IT specialists from Ukraine occurred in the ...

Thursday, March 27

Southern European countries do not support the EC’s rearmament plan for Europe.

Southern European countries do not support the EC’s rearmament plan for Europe. Several European countries have resisted the European Commission’s initiative to boost defense spending through low-interest loans, fearing it would exacerbate their already significant debt burden. I...

Nearly 62% of Western companies left Russia after the war began, but energy giants are considering a return after sanctions are lifted.

Nearly 62% of Western companies left Russia after the war began, but energy giants are considering a return after sanctions are lifted. Over the three years of Russia’s full-scale war against Ukraine, 62% of companies from “unfriendly” countries have exited Russia, according to Kept, a consulting firm. This total inc...

A Ukrainian furniture supplier for international retailer JYSK is investing in production automation ahead of an €80M deal.

A Ukrainian furniture supplier for international retailer JYSK is investing in production automation ahead of an €80M deal. Furniture manufacturer Accord-Import has invested over €1M in production automation over the past two years. The company is currently constructing a new €13M robotic factory in Khmelnytskyi. This new ...

Wednesday, March 26

A German company becomes the first buyer of electricity origin guarantees in Ukraine, which will aid in the development of renewable energy.

A German company becomes the first buyer of electricity origin guarantees in Ukraine, which will aid in the development of renewable energy. The first corporate sale of electricity guarantees of origin in the renewable energy market has taken place in Ukraine. Knauf Gips Kyiv, a manufacturer of building materials that is part of the German...

Trump is preparing to impose “unprecedented” tariffs on imports from Russia.

Trump is preparing to impose “unprecedented” tariffs on imports from Russia. The Trump administration is preparing to introduce new tariff restrictions on imports from 15 countries, including Russia. These measures may take effect on April 2. Initially, it was planned for the ...

Most Ukrainian defense industry manufacturers are considering moving their operations abroad. Why?

Most Ukrainian defense industry manufacturers are considering moving their operations abroad. Why? As of February, 85% of private manufacturers of weapons and military equipment (WME) are planning to relocate or have already done so, according to 34 private companies in the defense sector. The top ...

Ukraine, with support from the FAO, is launching the construction of modern vegetable storage facilities in frontline areas.

Ukraine, with support from the FAO, is launching the construction of modern vegetable storage facilities in frontline areas. The UN’s Food and Agriculture Organization (FAO) has backed an initiative from the Ministry of Agrarian Policy of Ukraine to build small vegetable storage facilities, according to the agencyR...

An agro-processing plant with a capacity of 120 tons per day launches in the Poltava region, along with a flour milling complex in the Volyn region.

An agro-processing plant with a capacity of 120 tons per day launches in the Poltava region, along with a flour milling complex in the Volyn region. In the Myrhorod district (Poltava region), the Yednist’ Food Grain and Legume Processing Plant, which is part of the Yednist’ Group’s production assets, has commenced operations. The plant is eq...

Office rental prices in Kyiv continue to decline.

Office rental prices in Kyiv continue to decline. Rental rates in Kyiv’s business centers have been falling during the first months of 2025. This trend occurs amid increasing pressures on tenants. In August of last year, rent for class A facili...

Tuesday, March 25

Czechia believes the mineral deal with the US will be part of Ukraine’s security guarantees.

Czechia believes the mineral deal with the US will be part of Ukraine’s security guarantees. Czech President Petr Pavel thinks that Ukraine’s security guarantees will consist of two components: a mineral agreement with the US and guarantees from European countries. “If American bu...

Russia is worried about a repeat of the USSR’s collapse due to declining oil prices.

Russia is worried about a repeat of the USSR’s collapse due to declining oil prices. A few weeks before talks between US President Trump and Russian President Putin, the Russian Central Bank alerted the Kremlin to the possibility of a prolonged drop in oil prices, similar to the one t...

Kyiv has urged the EU to extend the duty-free trade regime to avoid devastating Ukraine’s economy.

Kyiv has urged the EU to extend the duty-free trade regime to avoid devastating Ukraine’s economy. Ukraine has warned that the expiration of duty-free trade with the EU on June 5 could result in ”serious damage” to its economy. Kyiv hopes the EU will extend the duty-free trade regime, especially gi...

Industrial inflation in Ukraine hits 40%, with food products seeing an 18% price increase.

Industrial inflation in Ukraine hits 40%, with food products seeing an 18% price increase. In February 2025, wholesale prices for industrial producers rose by 37% compared to February of the previous year. Domestic prices surged by 40%, while export prices increased by 15.9%, according to t...

Mortgage lending in Ukraine increased by 29% at the start of the year, while the average rate decreased to 8.3% per annum.

Mortgage lending in Ukraine increased by 29% at the start of the year, while the average rate decreased to 8.3% per annum. According to the NBU, in January of this year Ukrainian banks issued 475 mortgage loans totaling ₴867M ($21M), a 29% increase compared to December 2024. In January, most loans were issued in the secon...

The Ukrainian economy will reach its pre-war level in 10 years.

The Ukrainian economy will reach its pre-war level in 10 years. The Finance Committee of the Ukrainian Parliament believes that, considering current economic growth trends, Ukraine’s real GDP in 2025 will be 20% lower than in 2021, excluding temporarily occu...

How much industrial hemp will be grown in Ukraine in 2025?

How much industrial hemp will be grown in Ukraine in 2025? Experts claim that, following the adoption of relevant legislation, the area planted with technical hemp in Ukraine could expand from the current 3,000 hectares in the Sumy, Zhytomyr, and Chernihiv re...

Monday, March 24

Ukraine aims to earn ₴1B from leasing state land this year.

Ukraine aims to earn ₴1B from leasing state land this year. The State Land Bank has included 2,479 plots of land, valued at an estimated ₴1B ($23M), in a second pool, as reported by the State Property Fund. This represents 206,382 hectares of land across 23 re...

The US intends to include control over nuclear power plants in its mineral agreement with Ukraine.

The US intends to include control over nuclear power plants in its mineral agreement with Ukraine. The Trump administration is seeking to modify the terms of its subsoil agreement with Ukraine. Washington is looking for Kyiv to agree to eliminate rules governing the ownership and management of a jo...

A British company plans to establish a production facility in an industrial park in the Ternopil region.

A British company plans to establish a production facility in an industrial park in the Ternopil region. An unnamed British company is considering a 3,000-square-meter building within the Western Ukrainian Industrial Hub industrial park. Located near Ternopil, the park has commissioned two new industrial...

Friday, March 21

Europe, along with Ukraine, is ramping up the production of 155-mm ammunition.

Europe, along with Ukraine, is ramping up the production of 155-mm ammunition. French defense plant Les Forges de Tarbes, which was on the brink of closure in 2021, is now running at full capacity, fulfilling orders for 155-mm artillery shells. The priority is to support Ukraine...

Shelling and business uncertainty slowed real GDP growth in Ukraine to 0.5% in February.

Shelling and business uncertainty slowed real GDP growth in Ukraine to 0.5% in February. The growth rate of real Ukrainian GDP decreased to 0.5% during the same month. This downturn is attributed to the damaging effects of Russian shelling on various industries and heightened uncertainty ...

European industrialists state they need to import sugar and chicken from Ukraine.

European industrialists state they need to import sugar and chicken from Ukraine. During a hearing in the European Parliament on the benefits of agricultural trade between Ukraine and the EU, a representative from the Association of European Industrial Sugar Users (CIUS) mentioned ...

Ukrainian industry and businesses are reviving as they overcome the consequences of Russian aggression.

Ukrainian industry and businesses are reviving as they overcome the consequences of Russian aggression. Rivneazot has fully restored its production of mineral fertilizers and has brought key workshops up to their planned capacity. The loaded ammonia line now has a capacity of 650 tons per day, while unc...

Every seventh Ukrainian is unemployed.

Every seventh Ukrainian is unemployed. According to 2024’s results, Ukraine’s average unemployment rate decreased to 14.3%. In 2023 the unemployment rate was 17.4%, in 2022 – 18.5%, the Center for Economic Strategy notes. ̶...

Thursday, March 20

Ukraine has lost 20.5% of its agricultural land since the start of the full-scale war.

Ukraine has lost 20.5% of its agricultural land since the start of the full-scale war. This has led to a reduction in gross agricultural production, said Minister of Agrarian Policy Vitaly Koval. “If we compare, for example, 2021, which was a fruitful and successful year, we grew ...

Russia’s European neighbors oppose resuming purchases of Russian energy.

Russia’s European neighbors oppose resuming purchases of Russian energy. Any talk of a return to Russian oil and gas is premature and threatens Europe’s security interests, warn EU countries bordering Russia, amid growing speculation that a US-brokered peace deal cou...

Switzerland doubles its aid to Ukraine to $114M for this year’s reconstruction.

Switzerland doubles its aid to Ukraine to $114M for this year’s reconstruction. The Swiss State Secretariat for Economic Affairs (SECO) has doubled funding for a competition for Swiss companies operating in Ukraine, increasing it from CHF 50M to CHF 100M ($57M – $114M). Thi...

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