Economy

Thursday, March 6

Ukraine’s mineral export revenue fell by 60% last year compared to pre-war figures.

Ukraine’s mineral export revenue fell by 60% last year compared to pre-war figures. In 2024, mineral export revenue represented 8.1% of total export revenue. Reports from the Center for Economic Research and Forecasting indicate that revenue decreased by nearly 60% compared to 2021. ...

Swiss Brugg will partner with a Ukrainian manufacturer to establish the first Ukrainian enterprise to produce plastic PEX pipe.

Swiss Brugg will partner with a Ukrainian manufacturer to establish the first Ukrainian enterprise to produce plastic PEX pipe. Swiss Brugg AG plans to form a joint venture with a Ternopil company, Terpolymergaz, that will produce plastic PEX pipe for both centralized and decentralized heating systems, and will invest €7M. The...

Economists forecaste Ukraine’s GDP growth, inflation, and international aid.

Economists forecaste Ukraine’s GDP growth, inflation, and international aid. Analysts from the Institute of Economic Research projected that, despite the devastating impact of the full-scale Russian invasion, Ukraine’s economy is showing resilience. The forecasted GDP gr...

Foreign businesses in Russia have lost over $170B during the war.

Foreign businesses in Russia have lost over $170B during the war. According to KSE, since the beginning of the full-scale Russian invasion of Ukraine the total losses suffered by foreign business operating in Russia have exceeded $170B. The bulk of the losses are as...

JICA intends to finance energy and infrastructure projects in Ukraine instead of USAID.

JICA intends to finance energy and infrastructure projects in Ukraine instead of USAID. The Japan International Cooperation Agency (JICA) will explore the possibility of supporting energy and infrastructure initiatives in Ukraine that were previously funded by USAID, said Hideki Matsunag...

A Turkish construction giant disclosed its investments in Ukraine during the war.

A Turkish construction giant disclosed its investments in Ukraine during the war. Since the onset of the war, ONUR GROUP has invested in several plants that are part of the ONUR group in Ukraine. Specifically: ACTU manufactures dry building mixtures and is located in western Ukrain...

Wednesday, March 5

The US has not ruled out signing a mineral agreement with Ukraine quickly, though several conditions have been given.

The US has not ruled out signing a mineral agreement with Ukraine quickly, though several conditions have been given. Donald Trump’s ally, Republican Congressman Brian Fitzpatrick, asserted after discussions with head of the Office of the President of Ukraine Andriy Yermak that a mineral agreement between Ukrai...

The vacancy rate at Kyiv’s shopping malls decreased slightly last year.

The vacancy rate at Kyiv’s shopping malls decreased slightly last year. According to analysts’ estimates, the share of vacant space in Kyiv’s shopping malls in 2024 was 13.1%, down from 16.3% the previous year. The highest vacancy rates are primarily concentra...

The Ukrainian agricultural sector can boost its gross output by 400% with $80B in investment.

The Ukrainian agricultural sector can boost its gross output by 400% with $80B in investment. According to Leonid Kozachenko, President of the Ukrainian Agrarian Confederation, achieving this 400% increase in agricultural output requires $75-80B in investment. Investment must continue for at l...

Astarta will build a new $76M oilseed plant in the Khmelnytskyi region.

Astarta will build a new $76M oilseed plant in the Khmelnytskyi region. The Board of Directors of Astarta Holding has approved a decision to commence a new investment project – the construction of an oilseed processing facility, particularly soybeans and rapeseed, in the ...

Global Ocean Link has launched 25,000 tons of additional storage capacity at Ukraine’s deepest container terminal.

Global Ocean Link has launched 25,000 tons of additional storage capacity at Ukraine’s deepest container terminal. The logistics company continues to develop its capabilities. In February, two new warehouses for the storage and accumulation of cargo opened at the TIS terminal (Odesa). Notably, this terminal is Ukr...

Ukraine’s demographic crisis is deepening; experts advise repatriating refugees for recovery labor.

Ukraine’s demographic crisis is deepening; experts advise repatriating refugees for recovery labor. According to Deputy Minister of Social Policy Daria Marchak, Ukraine is currently experiencing a record low number of children born per woman. Currently, the fertility rate is 0.9, while the internati...

Ukrainian IT exports in January dropped to their lowest level since the onset of the full-scale invasion.

Ukrainian IT exports in January dropped to their lowest level since the onset of the full-scale invasion. According to the National Bank, in January 2025 IT export volume fell by 20.7%, totaling $489M. This represented a loss of $128M for the Ukrainian economy compared to December of last year. Furthermor...

Tuesday, March 4

The EC is set to unveil a plan to rearm Europe, while Germany prepares to spend on its military and infrastructure.

The EC is set to unveil a plan to rearm Europe, while Germany prepares to spend on its military and infrastructure. European Commission President Ursula von der Leyen has emphasized the importance of enhancing Europe’s defense capabilities. Following the European security summit in London, she asserted that E...

The US states that Ukraine’s funding hinges on Zelenskyy’s commitment to peace. Will the Ukrainian budget be able to cope without US assistance?

The US states that Ukraine’s funding hinges on Zelenskyy’s commitment to peace. Will the Ukrainian budget be able to cope without US assistance? US Secretary of Commerce Howard Lutnick remarked that Ukraine will not receive funding unless President Zelenskyy actively “strives for peace.” He emphasized that the US was prepared to si...

In February, Ukrainian businesses upgraded their assessments of their economic activity,

In February, Ukrainian businesses upgraded their assessments of their economic activity, although they remained cautious, mostly staying below a neutral level. The business activity expectations index in Februrary 2025 was 46.9, compared to 41 in January 2025 and 47.5 in February 2024, as...

Ukraine could face losses of up to €4B annually if the EU cancels trade preferences, making increased processing a potential solution.

Ukraine could face losses of up to €4B annually if the EU cancels trade preferences, making increased processing a potential solution. The Ukrainian economy stands to lose between €3.5B and €4B each year if the EU does not extend trade preferences for Ukraine, which are set to expire on June 6, 2025. The EU’s share of Ukraine&#...

British intelligence predicts an increase in the Russian economy’s dependence on the war.

British intelligence predicts an increase in the Russian economy’s dependence on the war. British intelligence believes that Russia will likely spend more on defense in 2025 than anticipated in this year’s budget due to inflationary pressures. This is, in part, because inflation will...

In the Lviv region, a new $30M Philip Morris factory has achieved its planned annual capacity.

In the Lviv region, a new $30M Philip Morris factory has achieved its planned annual capacity. At the start of the year, Philip Morris in Ukraine brought its new factory in the Lviv region, which was launched in May 2024, up to its planned operating capacity. The facility features five producti...

Monday, March 3

The signing of mineral agreement between Ukraine and the US was hindered by a dispute between the presidents in the Oval Office.

The signing of mineral agreement between Ukraine and the US was hindered by a dispute between the presidents in the Oval Office. The agreement on Ukraine’s minerals and rare earth metals with the US was not signed following a heated disagreement between Presidents Donald Trump and Volodymyr Zelenskyy that was televised li...

Europe may need to spend up to $350B if American aid to Ukraine is cut off.

Europe may need to spend up to $350B if American aid to Ukraine is cut off. According to the International Institute for Strategic Studies (IISS), in the event of a total cancellation of American military assistance to Ukraine, European nations would have to allocate an addit...

Lithuania is investing €20M in Ukraine’s defense industry, and a Norwegian missile manufacturer will launch a joint venture in Ukraine.

Lithuania is investing €20M in Ukraine’s defense industry, and a Norwegian missile manufacturer will launch a joint venture in Ukraine. Lithuania is dedicating €20M to developing the Ukrainian defense sector and has initiated the establishment of joint weapon production facilities. The Lithuanian Ministry of Defense announced plans to...

The US is preparing to restart Nord Stream 2, and international investors are acquiring assets related to Russia.

The US is preparing to restart Nord Stream 2, and international investors are acquiring assets related to Russia. The US is formulating a project to reactivate the Russian gas pipeline Nord Stream 2. According to the FT, this initiative is associated with Matthias Warnig, a close Putin ally, who led Nord Stream 2...

In early 2025, the rise in industrial prices surpassed the 32% mark in annual terms.

In early 2025, the rise in industrial prices surpassed the 32% mark in annual terms. By January 2025, industrial inflation reached 32.5% compared to the same month last year. The growth in industrial production prices dropped to 0.6% from December, marking the lowest figure since Marc...

Ukrainians in Poland have established around 89,000 companies over the past three years.

Ukrainians in Poland have established around 89,000 companies over the past three years. During this period, Ukrainians have registered 77,700 individual enterprises in Poland, which represents 9% of all enterprises registered, and additionally, 11,300 companies with Ukrainian capital hav...

Ukrainian developers have increased housing construction volume.

Ukrainian developers have increased housing construction volume. According to 2024’s results, housing construction in Ukraine rose by 21.1% compared to 2023, reaching 9.759 million square meters, according to the State Statistics Service. Meanwhile, 51% of to...

Friday, February 28

Biden’s most recent sanctions will significantly impact Russian exports, and Trump has extended them for another year.

Biden’s most recent sanctions will significantly impact Russian exports, and Trump has extended them for another year. According to the Central Bank, the US sanctions targeting the Russian oil and gas sector, along with the shadow fleet, introduced on January 10 are expected to cost Russia roughly 1% of its total expo...

The European Commission has outlined the main directions for its defensive reform that will cost billions.

The European Commission has outlined the main directions for its defensive reform that will cost billions. In response to a potential reduction in military support from the US and the need to increase its assistance to Ukraine, the EU plans to invest hundreds of billions of euros to strengthen its defense ...

The EBRD downgrades Ukraine’s economic growth forecast for 2025, calls for 5% growth in 2026.

The EBRD downgrades Ukraine’s economic growth forecast for 2025, calls for 5% growth in 2026. The EBRD has downgraded its forecast for Ukraine’s economic growth in 2025 to 3.5%. Last September, the bank forecasted growth of 4.7%. It is noted that Ukraine started 2025 with weak economic i...

Ukraine will launch the Finnish-Ukrainian Investment Fund to restore and strengthen its economy.

Ukraine will launch the Finnish-Ukrainian Investment Fund to restore and strengthen its economy. Ukraine’s Verkhovna Rada adopted a law, On Ratification of the Framework Agreement between the Government of Ukraine and the Government of Finland on Projects Financed under the Finnish-Ukrainia...

Since 2022, the cost of Ukraine’s post-war reconstruction has risen by 50%.

Since 2022, the cost of Ukraine’s post-war reconstruction has risen by 50%. The estimated cost of Ukraine’s reconstruction, which was estimated at $348.5B in June 2022, climbed to nearly $524B by December 2024. The World Bank conducted this assessment alongside the Ukra...

Kyiv is looking to broaden access to the European market for Ukraine’s goods.

Kyiv is looking to broaden access to the European market for Ukraine’s goods. Deputy Economy Minister Taras Kachka noted that Ukraine is relying on the continuation of autonomous trade preferences in the EU after June 5, 2025, and is actively collaborating with its partners to ...

Thursday, February 27

The US has not ruled out the Russian mineral extraction proposal from Ukraine’s occupied territories.

The US has not ruled out the Russian mineral extraction proposal from Ukraine’s occupied territories. The Russian Federation has offered the US access to rare earth metals and other resources in the temporarily occupied areas of Ukraine, particularly in parts of the Donetsk and Zaporizhia regions. Acc...

Naftogaz has secured external financing for gas purchases, and private energy traders are also participating in the importation.

Naftogaz has secured external financing for gas purchases, and private energy traders are also participating in the importation. Naftogaz Group will receive funding from Norway through the EBRD for gas procurement. This financing is part of a broader assistance package designed to bolster Ukraine’s energy security. In tot...

Horizon Capital is considering the establishment of a fund to attract investment to Ukraine.

Horizon Capital is considering the establishment of a fund to attract investment to Ukraine. The American private equity firm, one of the largest in the Ukrainian market, is exploring the creation of a catalyst fund designed to invest in Ukrainian companies alongside major foreign investors s...

The construction of two agro-processing plants has begun in Ukraine’s largest industrial park, with two more planned.

The construction of two agro-processing plants has begun in Ukraine’s largest industrial park, with two more planned. These two new agriculture processing plants are being developed in the Carbon-Neutral Eco-Agro-Hub Podillia-Horodok industrial park (Khmelnytskyi region), which currently spans 150 hectares, making it...

A Ukrainian titanium company is working to attract four American investors for projects in Ukraine.

A Ukrainian titanium company is working to attract four American investors for projects in Ukraine. Velta, a Ukrainian titanium company, is actively negotiating with four potential American investors regarding joint mining and processing projects in the country, said the company’s CEO, Andriy ...

Wednesday, February 26

Ukraine will sign a Minerals Deal with the US on February 28.

Ukraine will sign a Minerals Deal with the US on February 28. Ukraine has reached an agreement with the US to jointly develop its natural resources, according to sources familiar with the matter. This move could ease recent tensions with President Donald Trump a...

Ukraine has been collaborating with the EU in mineral development for four years; the EC responds to rumored agreement with Ukraine.

Ukraine has been collaborating with the EU in mineral development for four years; the EC responds to rumored agreement with Ukraine. The European Commission has denied claims regarding a mineral agreement that was allegedly offered to Ukraine as an alternative to a similar agreement with the US, emphasizing that such cooperation ha...

Washington and Kyiv are nearing the conclusion of a minerals deal in which the US will keep Ukraine “free, sovereign, and secure.”

Washington and Kyiv are nearing the conclusion of a minerals deal in which the US will keep Ukraine “free, sovereign, and secure.” Reports on the latest mineral agreement draft indicate that the Trump administration views the agreement as a means to profit from American investment in Ukraine, which possesses vast untapped mineral...

Reconstruction will stimulate Ukraine’s GDP growth, but it will require €500B.

Reconstruction will stimulate Ukraine’s GDP growth, but it will require €500B. Kateryna Rozhkova, Deputy Head of the National Bank, stated during FinYear 2025 that despite the numerous challenges Ukraine faced, the economy adapted and grew last year. “Last year’s GDP...

Ukraine’s state debt increased by 14%, reaching $166B. What lies ahead for the budget?

Ukraine’s state debt increased by 14%, reaching $166B. What lies ahead for the budget? Analysts note that by the end of 2024, state and state-guaranteed debt amounted to ₴6.98T, or $166.1B. Over the year, this amount increased by more than 26% in hryvnia and by 14% in foreign currency t...

In Kyiv’s business centers, leasing activity has returned to pre-war levels.

In Kyiv’s business centers, leasing activity has returned to pre-war levels. The most troubled commercial real estate market has begun to recover in the war’s third year. The average vacancy rate in Kyiv’s business centers has dropped by 2.7% since the start of the...

Tuesday, February 25

Witkoff: The US and Ukraine are close to signing a mineral deal.

Witkoff: The US and Ukraine are close to signing a mineral deal. Trump’s special representative, Steve Witkoff, anticipates an agreement being signed this week that will provide for US access to Ukraine’s mineral resources. “President Trump sent Z...

Europe must invest approximately €250B into its defense annually in order to effectively counter future Russian aggression.

Europe must invest approximately €250B into its defense annually in order to effectively counter future Russian aggression. Given its economic strength, the EU can allocate around €250B each year to defense. This expenditure, which represents 1.5% of the EU’s GDP, would enable Europe to mobilize around 300,000 soldie...

Four EU countries demand the return to pre-war quotas for Ukrainian agricultural products.

Four EU countries demand the return to pre-war quotas for Ukrainian agricultural products. Hungarian Agriculture Minister István Nagy stated: “We protect the interests of farmers from Ukrainian agricultural products. In a joint letter with my colleagues from Bulgaria, Romania and Slov...

Ukraine’s business sentiment has significantly improved this year.

Ukraine’s business sentiment has significantly improved this year. In Ukraine, the percentage of companies expecting their business situation to worsen has decreased to 29%, down from 56% in July 2024. Additionally, the number of those who believe the situation will ...

Metinvest has boosted its ore exports, continues to invest in Ukraine, and is constructing a plant in Europe.

Metinvest has boosted its ore exports, continues to invest in Ukraine, and is constructing a plant in Europe. In 2024, the Metinvest mining and metallurgical group significantly increased its total exports and sales of iron ore raw materials to over 12 million tons and notably reduced production costs, said C...

Monday, February 24

The US has updated the terms of its proposed mineral agreement with Ukraine.

The US has updated the terms of its proposed mineral agreement with Ukraine. The head of the US Treasury Department, Scott Bessent, shared key details of the rare earth metals agreement that the US and Ukraine are set to sign. It is expected that the US will invest in Ukraine&...

Following Russian attacks, Ukrainian gas production has decreased by 40%, forcing it to import fuel.

Following Russian attacks, Ukrainian gas production has decreased by 40%, forcing it to import fuel. After Russian missile strikes on gas infrastructure, gas production in Ukraine has decreased by 40%. In February and March, Ukraine plans to import up to 800 million cubic meters of blue fuel from Eur...

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