Economy

Wednesday, January 15

Ukraine will face a shortfall of more than 500,000 workers.

Ukraine will face a shortfall of more than 500,000 workers. In 2025, the state may face a shortage of more than half a million qualified workers. The lack of qualified personnel is already significantly affecting wage dynamics, which in the context of GDP grow...

South Korean HD Hyundai will build a customs and logistics hub in the Lviv region.

South Korean HD Hyundai will build a customs and logistics hub in the Lviv region. The First Deputy Chairman of the Lviv Regional Development Agency, Andriy Godyk, met with representatives from the South Korean company HD Hyundai XiteSolution to discuss the supply of specialized equ...

Analysts sum up the Ukrainian real estate market’s annual results:

Analysts sum up the Ukrainian real estate market’s annual results: In 2024, 181 new buildings were put into operation in Ukraine. The largest number of completed objects is in the Kyiv and Lviv regions (excluding Kyiv). The average cost per square meter in dollars is...

Tuesday, January 14

Negotiation leverage: New oil sanctions will cause billions in monthly losses for Russia.

Negotiation leverage: New oil sanctions will cause billions in monthly losses for Russia. The White House stated that new restrictions imposed against Russia are “the most significant sanctions against its energy sector.” They will cost Russia billions of dollars every month, a...

Despite the shadow fleet, Russia is losing revenue from a key source of financing for its war in Ukraine.

Despite the shadow fleet, Russia is losing revenue from a key source of financing for its war in Ukraine. Russia’s oil export revenues fell by $1.1B to $14.6B in November 2024 due to lower oil prices and export volumes, according to a study by the KSE. In November, Russian crude oil exports by sea fell by...

Moscow’s secret war-financing scheme is on the verge of collapse as planned spending doubles.

Moscow’s secret war-financing scheme is on the verge of collapse as planned spending doubles. According to former Morgan Stanley and Bank of America financier Craig Kennedy, the Kremlin is using an additional war-financing scheme in the shadows through the use of preferential lending to defens...

Ukrainian warehouse real estate market trends at the end of the third year of war:

Ukrainian warehouse real estate market trends at the end of the third year of war: The commissioning of new facilities and high development activity – 200,000 square meters of warehouses are being built, and the low vacancy rate indicates the competitiveness and prospects of the war...

Six European countries have called on the G7 to lower the Russian oil price ceiling.

Six European countries have called on the G7 to lower the Russian oil price ceiling. Six EU countries have called on the European Commission to lower the price ceiling for Russian oil that has been set by the G7 countries. Measures aimed at reducing oil export revenues are crucial bec...

The Central Bank of Ukraine expects inflation to accelerate at the beginning of the year.

The Central Bank of Ukraine expects inflation to accelerate at the beginning of the year. In the first months of 2025, inflation will likely continue to accelerate because of lower harvests, pressure from business spending on energy supplies and labor, and the effects of a weakening hryvni...

The Ministry of Economy will increase financing for investment nannies in 2025 and launch around ten new projects with businesses.

The Ministry of Economy will increase financing for investment nannies in 2025 and launch around ten new projects with businesses. The Ministry of Economy plans to increase funding for the investment nanny projects in 2025, providing funds to dozens of new projects, said Deputy Minister of Economy Andriy Telyupa. Answering a ques...

Ukraine seeks an investor for an engine parts manufacturing enterprise that exports products to 35 countries.

Ukraine seeks an investor for an engine parts manufacturing enterprise that exports products to 35 countries. On March 12, the State Property Fund will sell the state’s 100% stake of the authorized capital belonging to the Motordetal-Konotop enterprise in the Sumy region. The plant produces cylinder lin...

Monday, January 13

Head of Piraeus Bank in Ukraine Has Been Elected Chairman of the FLIFI.

Head of Piraeus Bank in Ukraine Has Been Elected Chairman of the FLIFI. CEO of Piraeus Bank in Ukraine, Yannis Kyriakopoulos, has been elected Chairman of the Forum of Leading International Financial Institutions (FLIFI), which operates under the umbrella of the American ...

NATO will not support Trump’s calls to increase defense spending to 5% of GDP and seeks compromise.

NATO will not support Trump’s calls to increase defense spending to 5% of GDP and seeks compromise. Trump recently said that NATO countries should spend 5% of their GDP on defense. No NATO country, including the US, has reached the 5% spending target. NATO officials agree with the need for further i...

Ukraine has produced the first million cubic meters of biomethane, and the selection of communities to launch waste-fired CHPs is underway.

Ukraine has produced the first million cubic meters of biomethane, and the selection of communities to launch waste-fired CHPs is underway. The first two biomethane producers in Ukraine pumped their first million cubic meters of biomethane into underground gas storage facilities in the last months of 2024, said the head of the Bioenergy A...

Construction in Ukraine grew by 23.8% in the first three quarters of 2024.

Construction in Ukraine grew by 23.8% in the first three quarters of 2024. Last year, every fifth Ukrainian developer joined eOselya, the state’s affordable housing lending program, and sold real estate under the program that was in the construction stage. In the first...

Friday, January 10

The bridge across the Tisza between Romania and Ukraine will be completed by June, and 16 new checkpoints will be built within the next five years.

The bridge across the Tisza between Romania and Ukraine will be completed by June, and 16 new checkpoints will be built within the next five years. Romania will complete construction on a road bridge across the Tisza to Ukraine by June, after which the Bila Tserkva-Sighetu Marmatiei checkpoint will open for truck service in August, said the head ...

War risk insurance with a $50M limit for commercial real estate will be available in Ukraine.

War risk insurance with a $50M limit for commercial real estate will be available in Ukraine. Insurance broker McGill and Partners and Ukrainian insurance company ARX, through the mediation of Ukrainian company FortuneGuard, are launching a commercial property war risk reinsurance program for ...

Ukraine’s national debt reached 92% of GDP.

Ukraine’s national debt reached 92% of GDP. As of the end of 2024, Ukraine’s national debt reached to approximately ₴7T. Forbes analysts calculated that the ratio of national debt to GDP has reached 92%. This is the total national debt, w...

The US calls the suspension of Russian gas transit through Ukraine one of Moscow’s biggest and most expensive defeats.

The US calls the suspension of Russian gas transit through Ukraine one of Moscow’s biggest and most expensive defeats. Ukraine’s decision to stop transporting Russian gas through its territory was one of Moscow’s largest and costliest defeats, White House adviser John Kirby believes. According to him, Russ...

The EIB will provide €100M in financing for recovery projects in Ukrainian communities.

The EIB will provide €100M in financing for recovery projects in Ukrainian communities. The selection of projects has started within the framework of Ukraine Recovery Program III, and the EIB will provide €100M for their implementation, said Deputy Minister of Community Development Oleks...

Agricultural trade between Ukraine and France reached $750M last year; planned cooperation in the farm sector will accelerate our country’s European integration.

Agricultural trade between Ukraine and France reached $750M last year; planned cooperation in the farm sector will accelerate our country’s European integration. For Ukraine and France, 2024 ended with good results in the mutual trade of agricultural products, said the Minister of Agricultural Policy of Ukraine, Vitaly Koval. “In 2024, agricultural trade...

Land prices in Ukraine jumped by 21% in a year – Ministry of Agrarian Policy.

Land prices in Ukraine jumped by 21% in a year – Ministry of Agrarian Policy. During 2024, 106,669 land plots with a total area of 320,660 hectares were sold in Ukraine. The average cost of one hectare last year increased to ₴46,678 ($1,163), compared to ₴38,500 ($960) in 202...

Thursday, January 9

Ukraine needs security guarantees to stimulate international investment in industrial production; Metinvest introduces AI to save resources at Zaporizhstal.

Ukraine needs security guarantees to stimulate international investment in industrial production; Metinvest introduces AI to save resources at Zaporizhstal. Yuriy Ryzhenkov, CEO of the mining and metallurgical company Metinvest, said that 2025 should be the year of recovery for the devastated Ukrainian economy, but this requires security guarantees that w...

The Russian economy has exhausted its accumulated resources and is falling downward.

The Russian economy has exhausted its accumulated resources and is falling downward. According to Bloomberg, the Russian economy is beginning to feel the serious consequences of high interest rates and persistent inflation. The Russian Central Bank predicts a decline in growth rates t...

China has banned Russia’s shadow fleet from entering major oil ports.

China has banned Russia’s shadow fleet from entering major oil ports. China’s largest port operator, Shandong Port Group, has banned tankers under US sanctions from entering ports in Shandong province, home to many independent refineries that are the largest oil i...

State banks were the most profitable through 11 months of 2024; the banking sector increased its tax payments by 70%.

State banks were the most profitable through 11 months of 2024; the banking sector increased its tax payments by 70%. According to the NBU, solvent Ukrainian banks generated ₴131B ($3.2B) in net profit after tax from January-November 2024. The leaders in the banking sector were: PrivatBank with ₴56.3B, Oschadbank wit...

In three months, Land Bank auctions have already brought the state ₴343.7M in annual revenue.

In three months, Land Bank auctions have already brought the state ₴343.7M in annual revenue. The Ministry of Agrarian Policy is satisfied with the results demonstrated by the Land Bank, which launched in Ukraine on October 1 2024. In three months, 266 successful auctions were held, covering a...

A company from the Nova group issues another ₴290M in bonds; Nova Poshta increases parcel delivery by 15%.

A company from the Nova group issues another ₴290M in bonds; Nova Poshta increases parcel delivery by 15%. NovaPay from the Nova Group of companies, which includes postal operator Nova Poshta, placed three more issues of bonds – series G, H, and I – for ₴290M ($6.9M). The 1 to 12-month issues have an inter...

An international company has acquired a Ukrainian wine producer and plans to develop the brand; this is the first such deal in 15 years. Founded in 2020, Ukrainian wine producer 46 Parallel has become part of the international group of companies Vinos de la Luz. After an agreement was signed in December 2024, 100% of 46 Parallel shares...

German company Knauf is investing €150M in its second building materials plant in Ukraine.

German company Knauf is investing €150M in its second building materials plant in Ukraine. The German company Knauf has begun constructing a new plant in Ukraine to produce plasterboard and dry building mixes. The enterprise will be in the town of Borshchiv in the Ternopil region. The secon...

Wednesday, January 8

The Ukrainian cybersecurity market has grown to $138M and will increase by another 50%.

The Ukrainian cybersecurity market has grown to $138M and will increase by another 50%. The Ukrainian cybersecurity market’s volume has grown by 300% over the past eight years, and in 2024 it amounted to $138B and will grow by another 50% over the next five years to reach $209M. Th...

Ukraine’s 100th industrial park, with ₴1B in investment, has been registered; the government is introducing eco-industrial sites.

Ukraine’s 100th industrial park, with ₴1B in investment, has been registered; the government is introducing eco-industrial sites. The Cabinet of Ministers has approved the creation of another industrial park, which will be in the Kyiv region. With the approval, 100 industrial parks will be operating in Ukraine. The new Myronivka...

In Ukraine, economic activity in the coal and metallurgical industries slowed down.

In Ukraine, economic activity in the coal and metallurgical industries slowed down. As reported by the NBU, in December 2024 a slowdown in economic activity was observed in several sectors, primarily the coal and metallurgical industries. At the same time, investments in gas and oil ...

Ukrainian agro holding capitalization increased by more than €3.8B due to improved logistics and changes in global agricultural markets.

Ukrainian agro holding capitalization increased by more than €3.8B due to improved logistics and changes in global agricultural markets. According to calculations from industry experts, the total capitalization of agro holdings (MHP, Kernel, Agroton, Astarta-Kyiv, AgroGeneration, Milkiland, IMC, KSG Agro, Ukrprodukt, Agroliga) in the f...

How much will Ukraine and Russia lose from stopping gas transit?

How much will Ukraine and Russia lose from stopping gas transit? Stopping Russian gas transit through Ukraine deprives Russia of some income, but the European gas market is not entirely lost for Moscow. In 2024, Gazprom sold gas worth about $6B through Ukraine. Ana...

Ukraine’s 2024 trade turnover increased by 13%.

Ukraine’s 2024 trade turnover increased by 13%. In 2024, Ukraine’s trade turnover amounted to $112.3B. Goods worth $70.7B were imported, and goods worth $41.6B were exported. Overall, trade turnover increased by 13% compared to 2023. The majo...

The National Bank has identified the reasons behind the acceleration of price growth in Ukraine.

The National Bank has identified the reasons behind the acceleration of price growth in Ukraine. According to the NBU, in November 2024 consumer inflation in Ukraine increased to 11.2% annually, exceeding the forecasts in the October NBU Inflation Report. Core inflation reached 9.3% annually. The...

Local budget revenue exceeded UAH 450B last year; which regions’ revenue grew the most?

Local budget revenue exceeded UAH 450B last year; which regions’ revenue grew the most? General fund revenues of regional budgets (excluding inter-budgetary transfers) in 2024 amounted to UAH 451B, which is 2.1%, or UAH 9.1B, more than in 2023. It is noted that since October 2023, local ...

Tuesday, January 7

The US is preparing new sanctions against Russia’s shadow fleet.

The US is preparing new sanctions against Russia’s shadow fleet. The administration of US President Joe Biden plans to impose additional sanctions on tankers carrying Russian oil, Reuters writes. According to sources in the publication, the Biden administration pla...

Ukrainian seaports handled a record 97.2 million tons of cargo in 2024; over 9,000 vessels passed through the Black Sea corridor.

Ukrainian seaports handled a record 97.2 million tons of cargo in 2024; over 9,000 vessels passed through the Black Sea corridor. Ukrainian seaports processed a record 97.2 million tons of freight in 2024, exceeding 2023’s figure by 57%, the Ministry of Community Development reported. Ukrainian ports are a key link for exp...

Ukrainian automotive market trends in 2024: a decline in the popularity of new gasoline-powered vehicles and an increase in electric vehicles.

Ukrainian automotive market trends in 2024: a decline in the popularity of new gasoline-powered vehicles and an increase in electric vehicles. In December 2024, Ukrainians purchased more than 5,500 new passenger cars, 6% less than in 2023. In total, 69,600 new passenger cars were registered during the year, 14% more than in 2023. In 2024, th...

The market for investments and M&A in Ukraine reached $1.2B in 2024.

The market for investments and M&A in Ukraine reached $1.2B in 2024. According to analysts, the volume of announced and completed M&A deals in Ukraine, including corporate deals, venture capital transactions in the technology sector, and state-owned property privat...

Ukraine is increasing gas production for the second year in a row.

Ukraine is increasing gas production for the second year in a row. According to industry experts, in 2024 Ukraine increased gas production by 2.2% – to 19.12 billion cubic meters. The production growth rate in 2024 was higher than in 2023 when production increased by...

Ukraine’s privatization revenue in 2024 near a record ₴12B.

Ukraine’s privatization revenue in 2024 near a record ₴12B. The total amount of revenue from large and small privatizations may reach almost ₴12B ($292M) after the completion of all of 2024’s transactions, the Ministry of Economy reports. According to th...

A Ukrainian businessman has revealed his plans for a recently acquired tractor plant, the oldest in Poland.

A Ukrainian businessman has revealed his plans for a recently acquired tractor plant, the oldest in Poland. Ukrainian businessman Oleg Krot, who recently acquired the Ursus tractor company in Poland, plans to resume its normal operations. The new owner intends to launch production at two industrial sites, m...

Monday, January 6

How does the end of Russian gas transit through Ukraine affect the European market?

How does the end of Russian gas transit through Ukraine affect the European market? European natural gas prices rose for the third week as the market grapples with dwindling inventories and supply constraints after the loss of Russian gas flows through Ukraine on January 1, 2025. ...

The Ukrainian military-industrial complex’s capacity increased by 500% in one year.

The Ukrainian military-industrial complex’s capacity increased by 500% in one year. In 2024, the government invested over ₴39B ($1B) in weapons production, allowing for an increase in the capacity of the domestic military-industrial complex by 500%, the Cabinet of Ministers reported....

Ukraine can become the leading supplier of direct reduction iron to the EU and help Europe decarbonize its metallurgy.

Ukraine can become the leading supplier of direct reduction iron to the EU and help Europe decarbonize its metallurgy. Ukraine has five billion tons of magnetite ore, the primary raw material for direct reduction iron (DRI) production, the demand for which is growing strongly in Europe. Potential commercial supplies o...

To end the Russian war sooner, the West must tighten oil sanctions against Moscow.

To end the Russian war sooner, the West must tighten oil sanctions against Moscow. The administration of US President Joe Biden is considering tightening sanctions against Russia, in an attempt to reduce Russia’s ability to finance its military aggression, and creating the pre...

The Ukraine Facility provided 40% of Ukraine’s external financing for 2024’s state budget.

The Ukraine Facility provided 40% of Ukraine’s external financing for 2024’s state budget. The Ukraine Facility program provided the largest amount of external financing for the state budget in 2024 (over 40%). The total amount of funds provided by the EU amounted to €16.2B. This was made p...

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