Economy

Thursday, November 28

Ukraine and Denmark will introduce an investment acceleration mechanism.

Ukraine and Denmark will introduce an investment acceleration mechanism. The Ukrainian Ministry of Economy, following the Danish-Ukrainian Business Forum, reported: “Ukraine needs to increase private investment for the rapid recovery of our economy. Today, we signed ...

Wednesday, November 27

Trump is preparing a sweeping plan to strengthen the US’ role in the global hydrocarbon market.

Trump is preparing a sweeping plan to strengthen the US’ role in the global hydrocarbon market. Donald Trump’s transition team is preparing a package of large-scale energy measures that will be presented within days of his inauguration. The package will include approving export permits for...

The hryvnia continues to weaken under the National Bank’s control.

The hryvnia continues to weaken under the National Bank’s control. Last week, the National Bank kept the intervention volume below this year’s average weekly figure. It allowed the hryvnia exchange rate to weaken slightly. The market’s total foreign excha...

Despite the war, the West trades titanium with Russia; interdependence does not allow ties to be severed.

Despite the war, the West trades titanium with Russia; interdependence does not allow ties to be severed. In the first seven months of 2024, Russian titanium exports amounted to over $120M, with 33% of supplies going to France and the rest being shipped to the UAE, Turkey, Azerbaijan, Estonia, and Singapo...

The US has provided another $40M in lending guarantees for Ukrainian businesses.

The US has provided another $40M in lending guarantees for Ukrainian businesses. The US Development Finance Corporation (DFC) and USAID have signed an agreement with Lviv Bank to provide $40M in portfolio guarantees. The agreement enables Ukrainian entrepreneurs to receive loans o...

One of Ukraine’s largest agricultural holdings increased its sugar exports by 400%, increasing profit by €20M.

One of Ukraine’s largest agricultural holdings increased its sugar exports by 400%, increasing profit by €20M. In the first nine months of 2024, Astarta agroholding increased revenue by 13%, to €441M, and profit by €20M (+35%), to €75.6M. Revenue from sugar production increased by 19% to €169M. The volume of s...

Two more factories will begin construction in a Kyiv region industrial park in 2025.

Two more factories will begin construction in a Kyiv region industrial park in 2025. According to the Business Development Director of the Bila Tserkva industrial park in the Kyiv region, Oleksandr Protsyuk, five factories are currently operating there, three are still under construct...

Tuesday, November 26

The number of internally displaced persons in Ukraine is rapidly increasing, but the population is also returning to the occupied regions.

The number of internally displaced persons in Ukraine is rapidly increasing, but the population is also returning to the occupied regions. The number of internally displaced persons (IDPs) in Ukraine continues to grow, said Maksym Tkachenko, member of the parliamentary Committee on Human Rights. According to him, there are currently appr...

Ukraine is increasing its exports of dairy products and launching a modern dairy farm in the Rivne region.

Ukraine is increasing its exports of dairy products and launching a modern dairy farm in the Rivne region. Exports of Ukrainian cheeses in January-October 2024 amounted to 10,100 tons, which is 40.3% more than in the same period last year. Revenue amounted to $43.7M, 34% more than last year. The largest bu...

Ukraine has reduced its gas imports by 86% after increasing its production.

Ukraine has reduced its gas imports by 86% after increasing its production. According to the DiXi Group, in 2023 the state imported 1.2 billion cubic meters of gas. However, in the first half of 2024 import volumes fell to 170 million cubic meters, 98% of which came from Hung...

Last year, financial and industrial groups in Ukraine earned almost ₴6T.

Last year, financial and industrial groups in Ukraine earned almost ₴6T. 23,300 companies that are part of Ukrainian financial and industrial groups (FIG) and submitted financial statements for 2023 collectively earned ₴5.8T, according to a YouControl study. As of October,...

Monday, November 25

Sweden and Lithuania are preparing investments in Ukrainian long-range weapon production.

Sweden and Lithuania are preparing investments in Ukrainian long-range weapon production. Sweden will soon announce the allocation of substantial funds for the development and production of long-range weapons for Ukraine, announced Swedish Defense Minister Poul Jonson. He said investments ...

Why did the IMF improve its economic forecast, and what are the key areas for Ukraine’s GDP growth?

Why did the IMF improve its economic forecast, and what are the key areas for Ukraine’s GDP growth? An IMF team has improved its economic growth forecast for Ukraine this year from 3% to 4%, as the Ukrainian economy has performed better than expected in the previous two quarters, IMF spokeswoman Jul...

How do sanctions against Russia work, and what new restrictions are being prepared for the aggressor?

How do sanctions against Russia work, and what new restrictions are being prepared for the aggressor? Moscow allocated $7B to purchase microelectronics for the military-industrial complex but was not able to complete the purchase due to sanctions, said the Presidential Commissioner for Sanctions Polic...

The Netherlands will provide grants of up to €4M to joint Ukrainian recovery ventures.

The Netherlands will provide grants of up to €4M to joint Ukrainian recovery ventures. The Netherlands Enterprise Agency (RVO) has launched a partnership program with Ukraine to restore the Ukrainian economy. In particular, a subsidy program will support Dutch companies and civil societ...

Ukrainian companies take the lead in applying for international tenders within the Drone Coalition.

Ukrainian companies take the lead in applying for international tenders within the Drone Coalition. Ukrainian manufacturers have become the leaders in the number of applications for international tenders to produce interceptor drones through the Drone Coalition, submitting 32% of the total. In advan...

The Mykolaiv region is repairing storage facilities for long-term storage of fruit and vegetable products.

The Mykolaiv region is repairing storage facilities for long-term storage of fruit and vegetable products. According to Olena Piskun, director of the Mykolaiv regional administration’s Department of the Agro-Industrial Complex, in the pre-war period 18 storage facilities for long-term storage of vege...

Several projects are being implemented in Ukraine to improve energy efficiency and energy independence for communities.

Several projects are being implemented in Ukraine to improve energy efficiency and energy independence for communities. The State Agency for Reconstruction has begun collecting applications from territorial communities to replace two million streetlights with energy-efficient models and also wants to equip 70 water uti...

Friday, November 22

International financial institutions will create $210M in risk-sharing mechanisms for Ukrainian enterprises.

International financial institutions will create $210M in risk-sharing mechanisms for Ukrainian enterprises. The IFC, the DFC, and Raiffeisen Bank Ukraine will create two risk-sharing mechanisms for Ukrainian enterprises worth $210M. Assistance will be allocated to small, medium, and large companies in Ukrai...

The 2024-2025 export season is potentially more successful than the previous two.

The 2024-2025 export season is potentially more successful than the previous two. The Ukrainian Agrarian Confederation believes that the current marketing year, from July 2024 to June 2025, may become more successful for Ukrainian grain traders and farmers than the previous two sea...

Housing is becoming more expensive in Ukraine; developers have started new projects.

Housing is becoming more expensive in Ukraine; developers have started new projects. In the third quarter of 2024, prices for residential real estate in Ukraine, compared to the same period in 2023, increased by an average of 11.7%. Prices for apartments on the primary market increase...

Italy expands its cooperation with Ukraine in critical raw material supply chains and invests €200M to restore the Ukrainian energy system.

Italy expands its cooperation with Ukraine in critical raw material supply chains and invests €200M to restore the Ukrainian energy system. Ukraine and Italy signed an agreement to deepen their logistics cooperation in critical raw materials. Attracting investment and encouraging innovation in the sphere’s development is one of Ukra...

In the summer of 2025, a new semi-finished food product factory with 250 jobs will be opened in Ternopil Oblast.

In the summer of 2025, a new semi-finished food product factory with 250 jobs will be opened in Ternopil Oblast. According to the Office of Sustainable Regional Development, a new factory that will produce wafer sheets and other dough-based products (tartlets, waffle cups for ice cream, dessert trays, etc.) will...

How have relocated Ukrainian businesses affected their new regions financially?

How have relocated Ukrainian businesses affected their new regions financially? Since the beginning of the full-scale war in Ukraine, an enterprise relocation program has existed. For the regions where these companies have moved, this means additional jobs and tax revenue. Accord...

Metinvest will cooperate with the Italian government to construct a €2.5B steel plant.

Metinvest will cooperate with the Italian government to construct a €2.5B steel plant. Ukrainian mining and metallurgical group Metinvest and the Italian Ministry of Enterprises signed a declaration of cooperation aimed at the revival of industry in the city of Piombino. The constructio...

Thursday, November 21

The NBU lifts some currency restrictions to support foreign trade and international technical assistance programs.

The NBU lifts some currency restrictions to support foreign trade and international technical assistance programs. On November 20, the National Bank made changes to currency restrictions. “On the one hand, the NBU eased several restrictions to support international cooperation in foreign trade and internatio...

The ruble has collapsed, and refineries are standing still: How is the Russian economy surviving as the third year of the war approaches?

The ruble has collapsed, and refineries are standing still: How is the Russian economy surviving as the third year of the war approaches? Almost all the available Russian economic resources have already been used, and the country finds itself in a unprecedented situation. The unemployment rate has fallen to a historic low of 2.4%, and t...

A relocated metal packaging manufacturer will soon open a plant in the Ternopil region.

A relocated metal packaging manufacturer will soon open a plant in the Ternopil region. Andrii Nemtsev, co-founder of the Favor company, relocated his operation from Sumy Oblast to Ternopil Oblast, and the construction of a new tin packaging factory in Ternopil Oblast, which began in May...

Spain has become the leading importer of Ukrainian agricultural products in the EU; how can Ukraine retain its consumers?

Spain has become the leading importer of Ukrainian agricultural products in the EU; how can Ukraine retain its consumers? Spain has become the main importer of Ukrainian agricultural products in Europe, and the primary trade strategy for this country is not to overheat its market with excessive exports to prevent a trade...

Wednesday, November 20

Ukraine has increased missile production and is preparing a financial basis for developing the domestic defense industry.

Ukraine has increased missile production and is preparing a financial basis for developing the domestic defense industry. Internal investment in weapons production and involving partners will form a reliable financial basis for the further development of the Ukrainian defense-industrial complex, President Zelenskyy said ...

Ukraine’s western regions have the most investment activity in the construction sector.

Ukraine’s western regions have the most investment activity in the construction sector. In 2024, the Western regions continued their leadership in the Ukrainian construction market in terms of investment flows, the amount of new housing construction, and price growth. For almost three ye...

During the 1,000 days of the war, Polish businesses have opened 300 companies in Ukraine and are preparing for its reconstruction.

During the 1,000 days of the war, Polish businesses have opened 300 companies in Ukraine and are preparing for its reconstruction. Experts believe that Ukraine can become the same opportunity for Polish companies as Poland was for German companies in the early 90s. Polish companies are not leaving Ukraine, although many are ̶...

Tuesday, November 19

In October, Ukraine’s GDP growth slowed three times, while the export figure exceeded the previous year’s volume.

In October, Ukraine’s GDP growth slowed three times, while the export figure exceeded the previous year’s volume. Ukraine’s economy grew by 4.2% over the 10 months of the year, and in October growth slowed to 1.3% against 3.8% in September, reports the Ministry of Economy. It is noted that the drivers of gr...

NEQSOL Holding, after the purchase of Ukraine’s titanium giant, attracts foreign companies to develop a new strategy for the enterprise.

NEQSOL Holding, after the purchase of Ukraine’s titanium giant, attracts foreign companies to develop a new strategy for the enterprise. NEQSOL Holding, the owner of the second-largest Ukrainian mobile operator, Vodafone Ukraine, has paid ₴3.94B to the state budget of Ukraine for the purchase at the privatization auction of the largest...

The EU has paid Russia over €200B for oil and gas since the start of the full-scale war.

The EU has paid Russia over €200B for oil and gas since the start of the full-scale war. Since the beginning of the Russian Federation’s full-scale invasion of Ukraine, Moscow’s income from the export of fossil fuels has reached almost €785B. Despite sanctions, the EU remains ...

State banks are displacing their competitors: How much did financial institutions earn in three quarters of the year?

State banks are displacing their competitors: How much did financial institutions earn in three quarters of the year? After paying taxes, 62 Ukrainian banks generated ₴117.63B ($2.8B) in profit for the first nine months of the year. Even though the banking sector’s tax rate increased significantly this year, to...

Monday, November 18

Ukraine passes Russia and becomes Germany’s leading trading partner among the post-Soviet countries.

Ukraine passes Russia and becomes Germany’s leading trading partner among the post-Soviet countries. Russia has lost its long-standing position and dropped to second place, according to data on German export and import operations for three quarters of the year, published by the German Committee on Ea...

The EU is working to deploy new sanctions against the Russian shadow fleet by the end of the year; current restrictions affect less than 50% of Russian oil exports.

The EU is working to deploy new sanctions against the Russian shadow fleet by the end of the year; current restrictions affect less than 50% of Russian oil exports. According to Bloomberg, the sanctions package, which the EU plans to approve by the end of the year, will also include sanctions against those involved in this trade. Member states are still negotiati...

ISW: New signs of future problems in the Russian economy.

ISW: New signs of future problems in the Russian economy. According to the Institute for the Study of War, the Kremlin recently adopted several measures aimed at reducing public spending on treating wounded Russian servicemen, fighting inflation, and solving...

Ukraine increased its turnover from the export of grain and oilseeds by $1.6B.

Ukraine increased its turnover from the export of grain and oilseeds by $1.6B. Export turnover of grain, oilseeds, meal, and oil in the 2024/2025 season (July-October) amounted to $6.1B, which is $1.6B more than last season. Farmers received significantly more from the export of...

Friday, November 15

Lending to businesses and households in Ukraine has been growing for a year and a half; rates have been reduced for both loans and deposits.

Lending to businesses and households in Ukraine has been growing for a year and a half; rates have been reduced for both loans and deposits. According to the NBU, in the third quarter of 2024 loan portfolio volume increased by 22.4%. Hryvnia business loans grew by 6.9%, and individual loans increased by 9.7%. Loans in wholesale trade and t...

Ukraine is working on a social housing project and plans to build 6,200 apartments this year; this is necessary for Ukrainians to return.

Ukraine is working on a social housing project and plans to build 6,200 apartments this year; this is necessary for Ukrainians to return. The pilot project from Ukraine’s Reconstruction Agency to provide social housing will begin this year. It envisages the construction of 6,200 apartments, the head of the agency, Serhiy Sukhomlyn...

European businesses will invest in rebuilding Ukraine through the UIF.

European businesses will invest in rebuilding Ukraine through the UIF. At the first EU-Ukraine Investment Conference in Warsaw, the EU called on European companies to invest in Ukraine’s restoration and reconstruction. Interested European companies can submit their...

An international tobacco products producer plans to restore its 28.5% share of the Ukrainian market in one to two years.

An international tobacco products producer plans to restore its 28.5% share of the Ukrainian market in one to two years. Philip Morris International (PMI) lost about half of its 28.5% Ukrainian market share after the war began , which led to the closing of its factory near Kharkiv. So far, the company has restored about...

International manufacturers of building materials are buying up land in Ukraine to construct industrial facilities for Ukraine’s reconstruction.

International manufacturers of building materials are buying up land in Ukraine to construct industrial facilities for Ukraine’s reconstruction. According to CBRE Ukraine, many international companies producing building materials, in anticipation of the post-war rebuilding of Ukraine, have already acquired or are in the process of acquiring la...

Despite production restrictions, the global oil market will face a daily surplus of one million barrels next year.

Despite production restrictions, the global oil market will face a daily surplus of one million barrels next year. This will happen even if the OPEC+ oil cartel decides to maintain current production restrictions, the International Energy Agency (IEA) reports. China is one of the key reasons for the expected surpl...

Thursday, November 14

What are the government’s plans for the ₴25B in reconstruction money in 2025?

What are the government’s plans for the ₴25B in reconstruction money in 2025? The Ministry of Finance, the Ministry of Economy, and the Ministry of Infrastructure selected 136 reconstruction-focused investment projects from 750 proposals submitted through the Dream system. Howe...

ARX and the DFC team up to offer war risk insurance coverage to businesses for up to ₴100M.

ARX and the DFC team up to offer war risk insurance coverage to businesses for up to ₴100M. The ARX company, a subsidiary of the international Fairfax Financial Holdings group, together with the DFC (US International Development Finance Corporation), will offer Ukrainian and international co...

What key Ukrainian industries have suffered enormous losses during the war?

What key Ukrainian industries have suffered enormous losses during the war? The full-scale war has caused severe economic losses to Ukraine. Gross value added fell by 21%, and Ukraine’s need for reconstruction funds totals $486B. Ukraine’s industrial sector, once ...

The co-founder of one of Ukraine’s largest supermarket chains is investing over $21M in a cottage town near Kyiv and will open shopping centers in small towns.

The co-founder of one of Ukraine’s largest supermarket chains is investing over $21M in a cottage town near Kyiv and will open shopping centers in small towns. BGV Development, a real estate development company from co-owner of the ATB supermarket chain, Gennady Butkevych, is investing in a premium cottage town near Kyiv, Equides Villas, that will be built n...

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