Economy

Friday, April 25

How many stores did Ukraine’s largest grocery retailers open last year?

How many stores did Ukraine’s largest grocery retailers open last year? The undisputed leader in Ukrainian grocery retail, the ATB chain, already had 1,257 stores by the end of 2024. Last year, the retailer opened 47 new outlets and renovated 11 more locations. In turn, F...

Thursday, April 24

Last year, warehouse operators in Kyiv began to refocus on large-scale transactions.

Last year, warehouse operators in Kyiv began to refocus on large-scale transactions. This year, warehouse space in Kyiv will increase by a record amount, which will help increase vacancy in the tight logistics market. Last year, the total supply of warehouse area in the capital grew b...

Ukrainian cheese producers are losing market share due to increasing imports.

Ukrainian cheese producers are losing market share due to increasing imports. Arsen Didur, executive director of the Union of Dairy Enterprises, warns that large cheese producers in Ukraine may cease operations by the end of 2025 if imports capture 80% of the domestic market by...

Every tenth bottle of juice worldwide is produced from Ukrainian fruit concentrates.

Every tenth bottle of juice worldwide is produced from Ukrainian fruit concentrates. As stated by Minister of Agrarian Policy Vitaly Koval, these concentrates are produced at TBF Group plants, which process around 300,000 tons of raw material each season. The main markets for these pr...

Ukraine seeks investors for several production facilities.

Ukraine seeks investors for several production facilities. In the Odesa region, a factory producing instant coffee and related products is up for sale in the city of Chornomorsk. This sale is part of enforcement proceedings. The facility features an eight-sto...

The screening of Ukraine’s legislation for EU accession is taking place at an unprecedented pace and is set to be completed in the fall.

The screening of Ukraine’s legislation for EU accession is taking place at an unprecedented pace and is set to be completed in the fall. European Commission spokesman Guillaume Mercier noted that the process of verifying the compliance of Ukrainian legislation with EU law, as part of accession negotiations, is underway and progressing ...

The EU promises better trade conditions for Ukraine after June 5 than they were before 2022.

The EU promises better trade conditions for Ukraine after June 5 than they were before 2022. The Ukrainian government, along with the European Commission, are working to adopt new trade terms that will come into effect after June 5. Otherwise, the provisions of the Association Agreement will ...

Wednesday, April 23

Ukraine’s real GDP growth in the first quarter was 1.1%.

Ukraine’s real GDP growth in the first quarter was 1.1%. The IER reports that in March, due to better access to electricity and the gradual recovery of demand, Ukraine’s economic situation improved slightly – real GDP growth was 1.3%. In contrast, in ...

This year, the number of hotel rooms in Ukraine will increase by 1,400 rooms.

This year, the number of hotel rooms in Ukraine will increase by 1,400 rooms. According to EY Ukraine, the largest hotels that are scheduled for commissioning in 2025 are located in the safer regions of western Ukraine. Specifically, the Ivano-Frankivsk region will see the most...

The IMF has downgraded its global economic growth forecast but expects a moderate recovery for Ukraine.

The IMF has downgraded its global economic growth forecast but expects a moderate recovery for Ukraine. According to the IMF’s World Economic Outlook (WEO), global economic growth will slow in the coming years. This year, global GDP is projected to grow by only 2.8% and by 3% in 2026. For comparis...

One of Europe’s largest manufacturers of window and door hardware continues to invest in its Dnipro factory.

One of Europe’s largest manufacturers of window and door hardware continues to invest in its Dnipro factory. AXOR Industry’s total investment in launching, expanding, and developing its factory that produces window and door hardware in Dnipro has reached €40M. According to Minister of Economy Yulia Svy...

The price for one ton of Ukrainian agricultural exports has increased by 40% compared to 2024.

The price for one ton of Ukrainian agricultural exports has increased by 40% compared to 2024. According to the Ministry of Agrarian Policy, the price of a ton of Ukrainian agricultural exports increased from $315 in 2024 to $443 in April 2025. This growth is attributed to a rise in exports of ...

Tens of millions of euros are necessary to modernize Ukraine’s port infrastructure.

Tens of millions of euros are necessary to modernize Ukraine’s port infrastructure. According to Oleksandr Semyrga, head of the Ukrainian Sea Ports Administration, prior to the onset of the full-scale Russian invasion 13 seaports were operational in Ukraine, but only six are currentl...

Tuesday, April 22

Ukraine and the US are nearing the completion of a mineral deal.

Ukraine and the US are nearing the completion of a mineral deal. On April 17, the two parties signed a memorandum affirming their intention to finalize an agreement that will benefit both nations and establish the Investment Fund for the Reconstruction of Ukraine. ...

Ukraine’s defense industry is driving demand for metal products needed in mechanical engineering by 25 to 30%.

Ukraine’s defense industry is driving demand for metal products needed in mechanical engineering by 25 to 30%. Since 2023, the Ukrainian market for metal products used in machine building has shown a gradual recovery, growing by 25 to 30% based on last year’s results. Estimates indicate that in 2024 the Ukrain...

Ukraine’s reconstruction is driving the growth of the metal products market for the construction industry.

Ukraine’s reconstruction is driving the growth of the metal products market for the construction industry. The market for metal structures used in construction in Ukraine grew by 15% in 2024, reaching 91,000 tons. Last year, the construction segment in Ukraine accounted for 24% of total steel consumption, ...

Logistics companies operating in Ukraine increased their revenue by 12%.

Logistics companies operating in Ukraine increased their revenue by 12%. In 2024, the top ten companies in the transport and logistics sector generated more than ₴243B ($5.8B) in total revenue, which is 12% higher than in 2023. Eight companies saw their revenue rise, but o...

Trump’s trade war: European companies urged to increase purchases of US liquefied natural gas as China boosts its imports from Russia.

Trump’s trade war: European companies urged to increase purchases of US liquefied natural gas as China boosts its imports from Russia. The EU will release a roadmap on May 6 to phase out its purchases of Russian fossil fuels and continue to decrease Russian imports, according to European Council President Antonio Costa. “This c...

Business expectations improved in the first quarter of the year, with more than a third of companies ready to invest.

Business expectations improved in the first quarter of the year, with more than a third of companies ready to invest. In the first quarter of 2025, the Business Expectations Index (BEI) for Enterprises rose to 108.2%, up from 101.8% in the fourth quarter of 2024. The NBU noted that hostilities and their consequences ...

Friday, April 18

The Ministry of Economy clarifies the details of the mineral agreement with the US.

The Ministry of Economy clarifies the details of the mineral agreement with the US. This agreement does not outline specific amounts or debts, but it emphasizes establishing a framework for joint investment and mutual benefit, noted Deputy Minister of Economy Taras Kachka. “Cur...

The National Bank of Ukraine keeps the discount rate unchanged at 15.5%.

The National Bank of Ukraine keeps the discount rate unchanged at 15.5%. The Board of the NBU has decided to hold the discount rate steady at 15.5% to sustain the foreign exchange market’s stability, control inflation expectations, and gradually reduce inflation to t...

Ukraine’s gas shortage can only be resolved through market liberalization.

Ukraine’s gas shortage can only be resolved through market liberalization. Ukraine must liberalize its gas market as soon as possible to attract Ukrainian and European traders as well as industrial consumers for imports. Otherwise, a lack of resources and funding may disrupt...

In March, Ukraine’s tax revenues surpassed their target by $1B.

In March, Ukraine’s tax revenues surpassed their target by $1B. According to Finance Minister Serhiy Marchenko, this figure was made possible by a better-than-expected electricity supply during the winter, which enabled businesses to operate more consistently and ...

Ukrainian electricity prices rank among the highest in Europe.

Ukrainian electricity prices rank among the highest in Europe. In the first half of April, electricity prices in Ukraine have already exceeded those of neighboring countries such as Poland, Romania, Hungary, and Slovakia. They are 34% higher than in Germany and 2...

Thursday, April 17

The US has softened its demands for Ukraine to repay the aid it has provided before signing the mineral deal.

The US has softened its demands for Ukraine to repay the aid it has provided before signing the mineral deal. After negotiations in Washington, the Trump administration has revised the aid estimate down from $300B to $100B. However, the US continues to view the agreement as a way to recover costs for military...

Analysts compare the size of Ukraine’s shadow economy with those of other countries.

Analysts compare the size of Ukraine’s shadow economy with those of other countries. Prior to the full-scale war in 2021, Ukraine’s shadow economy was estimated to be around 30% of GDP. Last year, the Ministry of Economy reported that potentially 40% of the economy could take pl...

Ukrainian investors are interested in acquiring a Polish meat processing plant with €25M in annual turnover.

Ukrainian investors are interested in acquiring a Polish meat processing plant with €25M in annual turnover. According to Retail & Development Advisor, which is serving as the authorized representative for this asset’s sale, negotiations are underway with several investors. Since the onset of full-...

Ukraine’s economy is expected to grow by 3%, while inflation is anticipated to slow significantly.

Ukraine’s economy is expected to grow by 3%, while inflation is anticipated to slow significantly. ICU analysts observe that that the Ukrainian economy has shown modest growth since the third quarter of 2024, and predict a low probability of a substantial acceleration in recovery. The need to gradu...

The Ukrainian Parliament calls on the EU to extend trade benefits for exports.

The Ukrainian Parliament calls on the EU to extend trade benefits for exports. The Verkhovna Rada adopted an appeal to the European Parliament, the EC, and the Council of the EU, along with the parliaments and governments of EU member states, urging them to extend trade benefits...

What can drive the development of Ukraine’s construction industry?

What can drive the development of Ukraine’s construction industry? The introduction of project financing based on the European model, where the bank serves as a partner, controller, and guarantor for investors, could be a catalyst for the sector’s growth, accor...

Which countries are most welcoming to Ukrainian refugees and encourage their stay?

Which countries are most welcoming to Ukrainian refugees and encourage their stay? Many European nations are eager for Ukrainian refugees to remain, according to migration policy expert Andriy Haidutsky. He notes that these are mainly countries that have recognized the importance of...

Wednesday, April 16

The EU will soon present its plan to phase out Russian oil and gas imports.

The EU will soon present its plan to phase out Russian oil and gas imports. The EU intends to unveil a detailed strategy in May for the elimination of Russian oil and gas imports by 2027, driven by Russia’s full-scale invasion of Ukraine. However, the European Commission has ...

Budapest expresses concern over sentiment for Ukraine’s full integration into the EU economy prior to its accession to the bloc.

Budapest expresses concern over sentiment for Ukraine’s full integration into the EU economy prior to its accession to the bloc. Hungarian Foreign Minister Péter Szijjártó stated that several participants in the EU Council meeting on foreign affairs advocated for opening all chapters of negotiations regarding Ukraine’s ac...

The US plans to lower oil prices with Saudi Arabia’s assistance.

The US plans to lower oil prices with Saudi Arabia’s assistance. US Energy Secretary Chris Wright stated: “Under Trump’s presidency, we will likely see lower average energy prices in the next four years compared to the previous four years.” He hig...

The Epicentr hypermarket chain is planning to expand its grocery division.

The Epicentr hypermarket chain is planning to expand its grocery division. Currently, the Food Market chain within the Epicentr group of companies operates 26 retail outlets. “Unfortunately, part of the Food Market network was lost in shopping centers that were destroy...

Last year, a Ukrainian developer put over 500,000 square meters of new retail space into operation.

Last year, a Ukrainian developer put over 500,000 square meters of new retail space into operation. The total volume of construction work completed in Ukraine in 2024 rose by 15.5% compared to the previous year, reaching ₴204.7B, against a 25% increase in 2023. The non-residential construction secto...

Tuesday, April 15

Trump will leave Putin unable to fund his war.

Trump will leave Putin unable to fund his war. The decline in oil prices, triggered by US President Donald Trump’s trade war, has started to deplete the Russian military budget, despite the US president’s simultaneous efforts to improve relations ...

How much will Putin’s military machine gain from restarting Nord Stream 2?

How much will Putin’s military machine gain from restarting Nord Stream 2? Industry experts report that there has been interest shown by both the US and Russia in resuming the Nord Stream 2 gas pipeline’s operations, which would provide Putin’s military machine w...

Ukraine is boosting its dairy product exports amid a decline in domestic raw material prices.

Ukraine is boosting its dairy product exports amid a decline in domestic raw material prices. In March, Ukraine exported 12,270 tons of dairy products valued at $37.9M. Compared to February, physical export volumes rose by 20%, and compared to March 2024, by 44%. The largest receiving markets ...

A Ukrainian investment fund has acquired three more shopping malls in Poland.

A Ukrainian investment fund has acquired three more shopping malls in Poland. The Focus Estate Fund has invested in three shopping centers near Katowice, marking an important step in its expansion into the Polish market. These malls include Sosnowiec Plaza, Ruda Śląska Plaza, a...

What drove construction growth in Ukraine in 2024?

What drove construction growth in Ukraine in 2024? In 2023-2024, the Ukrainian construction market showed positive dynamics owing to increased economic activity in the central and western regions, as well as the restoration of infrastructure damaged i...

Ukraine has emerged as the world’s leading producer of FPV drones, manufacturing over 2.2 million UAVs annually, with the domestic defense industry capable of producing up to 10 million units.

Ukraine has emerged as the world’s leading producer of FPV drones, manufacturing over 2.2 million UAVs annually, with the domestic defense industry capable of producing up to 10 million units. During the Ukrainian Weapons 2024 briefing, Defense Ministry officials reported on the defense-industrial base’s rapid expansion in order to meet modern warfare’s demands. The CEO of Tenco...

The EC has announced the launch of the second phase of a competition to attract European businesses to Ukrainian recovery projects.

The EC has announced the launch of the second phase of a competition to attract European businesses to Ukrainian recovery projects. At the EU-Ukraine Business Summit, the European Commission revealed the initiation of the second round of the Call for Expressions of Interest under the Ukraine Investment Framework. This competition ...

The government has allocated ₴1.3B to complete 23 reconstruction projects.

The government has allocated ₴1.3B to complete 23 reconstruction projects. The Cabinet of Ministers has designated over ₴1.28B from the Fund for the Elimination of the Consequences of Armed Aggression to finish 23 reconstruction projects that broke ground in previous years. ...

Nearly 50% of Ukrainian retail operates in the shadows.

Nearly 50% of Ukrainian retail operates in the shadows. The extent of shadow activity in Ukrainian retail trade has reached a critical level: According to various estimates, up to 45% of all retail transactions may take place outside of Ukraine’s tax...

Poland leads the EU in the number of employed Ukrainians, but the attitude toward refugees is deteriorating.

Poland leads the EU in the number of employed Ukrainians, but the attitude toward refugees is deteriorating. Poland and Germany lead Europe in employing Ukrainians, according to the Institute of Demography and Social Research. The largest number of Ukrainians is employed in Poland, thanks to less stringent l...

Ukraine has a severe labor force shortage, prompting employers to seek help from pensioners.

Ukraine has a severe labor force shortage, prompting employers to seek help from pensioners. The personnel shortage is particularly acute in the capital, where there are 75,000 open vacancies, yet only 3,000 registered unemployed individuals, as stated by Yulia Zhovtyak, Director of the State...

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 ...

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