Economy

Wednesday, January 29

Germany has increased its purchases of Russian LNG by over 500% through other EU countries.

Germany has increased its purchases of Russian LNG by over 500% through other EU countries. Although Germany has banned tankers carrying Russian LNG, it continues to acquire it through other EU nations. For instance, the energy company Sefe, which was formerly owned by Gazprom and was nation...

Ukraine will receive €300 million from the EIB to restore three hydroelectric power plants and modernize central heating.

Ukraine will receive €300 million from the EIB to restore three hydroelectric power plants and modernize central heating. Prime Minister Denys Shmyhal announced that Ukraine will secure funding from the European Investment Bank to restore the Dnipro hydroelectric power plants and modernize its central heating infrastruct...

In 2025, which professionals will be in demand in the Ukrainian labor market?

In 2025, which professionals will be in demand in the Ukrainian labor market? Labor analysts predict that the demand for builders and various types of skilled workers (locksmiths, mechanics, electricians, etc.) will remain high in 2025 as the shortage of personnel in production...

A Ukrainian developer has summarized the work results on its shopping centers for 2024.

A Ukrainian developer has summarized the work results on its shopping centers for 2024. Budhouse Group shopping centers welcomed 22 million visitors last year, with attendance remaining unchanged compared to 2023. Attendance at the Nikolsky shopping center decreased due to extensive shel...

Tuesday, January 28

The EU has agreed to extend Russian sanctions; the EC will negotiate gas transit terms with Ukraine with Slovakia and Hungary’s participation.

The EU has agreed to extend Russian sanctions; the EC will negotiate gas transit terms with Ukraine with Slovakia and Hungary’s participation. On January 27, the EU Council of Ministers extended its economic sanctions targeting Russia for another six months. The previous restrictions were due to expire on January 31, but they will now be in ...

NBU: Commercial and consumer lending is trending up in Ukraine.

NBU: Commercial and consumer lending is trending up in Ukraine. In 2024, Ukrainian banks saw their net commercial loan portfolios grow by ₴65B (21%) and their consumer loan portfolios increase by ₴62B (39%), said Andriy Pyshnyy, Chairman of the NBU. According to h...

Businesses are in no rush to connect their distributed generation to Ukraine’s power system due to debts in the market.

Businesses are in no rush to connect their distributed generation to Ukraine’s power system due to debts in the market. Ukrainian companies have built hundreds of megawatts of distributed generation capacity for their own needs but are in no hurry to connect these generation capacities to the power system. The energy m...

Businesses plan to build a system of private vegetable storage facilities in Ukraine.

Businesses plan to build a system of private vegetable storage facilities in Ukraine. The Ministry of Agrarian Policy stated that in 2025 Ukraine plans to build a private network of vegetable storage facilities with the help of private businesses. Large companies produce only 450,000 t...

In Ukraine, a record number of industrial parks was registered in 2024: The Lviv and Zakarpattia regions lead the way.

In Ukraine, a record number of industrial parks was registered in 2024: The Lviv and Zakarpattia regions lead the way. In 2024, no less than 55 industrial parks were created in Ukraine, said Valeriy Kyrylko, owner of the Industrial Parks of Ukraine group of companies. Thirty-one of these parks were included in the Reg...

A furniture factory in Transcarpathia will bring in 160 workers from Bangladesh because Ukrainians do not want to work for ₴25,000 per month.

A furniture factory in Transcarpathia will bring in 160 workers from Bangladesh because Ukrainians do not want to work for ₴25,000 per month. The Lamella enterprise in Transcarpathia, specializing in furniture manufacturing, is negotiating with the Ministry of Foreign Affairs to employ 160 people from Bangladesh under employment contracts i...

Most housing units built during the war are in the west, but the highest sales were in the center and south of Ukraine.

Most housing units built during the war are in the west, but the highest sales were in the center and south of Ukraine. According to the National Bank, the largest number of housing purchase and sale agreements on the secondary market for 10 months of last year was concluded in the Dnipropetrovsk region – 12% of the to...

Monday, January 27

The US has suspended the admission of migrants, and Ukraine is preparing for its refugees to return from the European Union.

The US has suspended the admission of migrants, and Ukraine is preparing for its refugees to return from the European Union. The US Department of Homeland Security has suspended programs that allowed migrants to temporarily settle in the US, in particular a key initiative that provides entry for Ukrainians. The Uniting for ...

Critical raw materials reserves can drive Ukraine’s economic growth.

Critical raw materials reserves can drive Ukraine’s economic growth. Significant reserves of critical raw materials are capable of becoming an essential factor in Ukraine’s economic development and could help it to integrate into global processes, says We Build U...

The Czech Republic has prepared an EU integration plan for Ukraine and Moldova.

The Czech Republic has prepared an EU integration plan for Ukraine and Moldova. The Czech plan covers specific measures in energy, agriculture, telecommunications, and several other sectors. The initiative has already received support from eight EU countries, including Germany, S...

Friday, January 24

Trump makes another strong step toward ending the war in Ukraine by pushing Saudi Arabia and OPEC to lower oil prices.

Trump makes another strong step toward ending the war in Ukraine by pushing Saudi Arabia and OPEC to lower oil prices. At the World Economic Forum via teleconference, President Donald Trump said he will demand Saudi Arabia and OPEC reduce the cost of oil and will ask Riyadh to increase a planned US investment package ...

Putin continues lying about the Russian economy’s health while the Central Bank worries.

Putin continues lying about the Russian economy’s health while the Central Bank worries. Vladimir Putin said that last year was successful for the Russian economy, and key macro indicators are positive. Russian budget revenues not related to the sale of hydrocarbons increased by 26% and e...

The National Bank of Ukraine has raised the key policy rate to 14.5% per annum.

The National Bank of Ukraine has raised the key policy rate to 14.5% per annum. The NBU increased rates on overnight certificates of deposit, three-month certificates of deposit, and refinancing loans by 1 percentage point – to 14.5%, 17%, and 17.5%, respectively. This decision a...

The National Bank has worsened its 2025 key macro indicator forecasts.

The National Bank has worsened its 2025 key macro indicator forecasts. Considering security risks and the difficult situation in the labor market, the NBU has worsened its forecast for Ukraine’s 2025 GDP growth from 4.3% to 3.6%. At the same time, the bank predicts...

Businesses expect the end of the war or its active phase in 2025 and are preparing to invest €450M.

Businesses expect the end of the war or its active phase in 2025 and are preparing to invest €450M. Top managers at large companies are focused and optimistic about the war in Ukraine ending or, at minimum, the cessation of active hostilities in 2025, said Minister of Economy Yulia Svyrydenko. She r...

How much real estate have Ukrainians bought in Poland during the war?

How much real estate have Ukrainians bought in Poland during the war? During the war, Ukrainian citizens in Poland have became one of the most active buyers of real estate among foreigners. Analysts point to the many Polish residential and commercial properties that Ukr...

Thursday, January 23

The UIF names the areas in which Ukraine has the potential to become a strategic ally of the United States.

The UIF names the areas in which Ukraine has the potential to become a strategic ally of the United States. The Ukrainian Institute for the Future (UIF) identified four key areas for expanding cooperation between Ukraine and the US in the next 5-10 years. The first is the development of the critical materia...

Despite last year’s increase in production, Ukraine’s largest mining and metallurgical enterprise remained unprofitable.

Despite last year’s increase in production, Ukraine’s largest mining and metallurgical enterprise remained unprofitable. ArcelorMittal Kryvyi Rih significantly increased its production indicators in 2024 but could not reach a break-even level. The main problems were the war, electricity shortage, high energy prices, exp...

The Ukrainian agricultural sector has suffered $80B in losses and lost 25% of its sown area due to the war.

The Ukrainian agricultural sector has suffered $80B in losses and lost 25% of its sown area due to the war. As stated by the General Director of the Ukrainian Agrarian Club, Oleg Khomenko: “Direct and indirect losses for agriculture during the war exceed $80B. This includes infrastructure, production ...

Wednesday, January 22

Markets in the US and EU react differently to Trump’s new energy policy.

Markets in the US and EU react differently to Trump’s new energy policy. On Monday, 47th US President Donald Trump declared an energy emergency, allowing energy extraction in places previously where it was previously prohibited. “We will drill. We will become a rich ...

The Ministry of Agrarian Policy supports the privatization of all non-core assets in the agro-industrial complex.

The Ministry of Agrarian Policy supports the privatization of all non-core assets in the agro-industrial complex. Minister of Agrarian Policy Vitaliy Koval noted that all state-owned agro-industrial enterprises and agricultural complexes should be privatized as soon as possible. New owners should be found for all...

The manufacturer of Leopard tanks and other weapons has formed a joint venture with a Ukrainian company.

The manufacturer of Leopard tanks and other weapons has formed a joint venture with a Ukrainian company. Minister for Strategic Industries Herman Smetanin announced the official opening of a joint venture between KMW (KNDS Deutschland) and a Ukrainian defense enterprise. The newly created company will sp...

The EC is developing a plan to completely stop Russian gas imports; Trump offers an alternative.

The EC is developing a plan to completely stop Russian gas imports; Trump offers an alternative. The European Commission is working on a plan to remove all Russian fossil fuels from the EU market, EC spokeswoman Anna-Kaisa Itkonen said in Brussels on January 20. She added that the EU has cut all ...

Ukraine’s largest investors have shared their expectations for 2025; they predict increased economic activity and support from the US.

Ukraine’s largest investors have shared their expectations for 2025; they predict increased economic activity and support from the US. Most of the 145 top company managers surveyed by the American Chamber of Commerce in Ukraine (AmCham) expect continued or increased support for Ukraine from the US (77%), and 23% predict its decrease....

Nibulon’s losses due to the blockade of the Mykolaiv port exceed $500M.

Nibulon’s losses due to the blockade of the Mykolaiv port exceed $500M. One of the largest agricultural companies in Ukraine, Nibulon, suffered financial losses of more than $500M due to the closure of the Mykolaiv seaport hub. The suspension of shipbuilding and the cessa...

Tuesday, January 21

VisionFund Ukraine Starts Lending to Support Small Businesses in Ukraine.

VisionFund Ukraine Starts Lending to Support Small Businesses in Ukraine. Despite the war, international companies slowly continued entering the market, looking for high returns and post-war new market opportunities. VisionFund Ukraine, after two years on the market, receiv...

A new $25M industrial hemp processing plant with an initial capacity of 4,500 tons per year will be opened in the Zhytomyr region.

A new $25M industrial hemp processing plant with an initial capacity of 4,500 tons per year will be opened in the Zhytomyr region. The construction of a new plant for primary processing of industrial hemp has entered the final stage in the Ma’Rijany industrial park in Zhytomyr region. The launch of natural fiber and tinsel ...

Russia’s largest sponsor in its war against Ukraine bought a record amount of Russian oil but reduced its coal imports.

Russia’s largest sponsor in its war against Ukraine bought a record amount of Russian oil but reduced its coal imports. China increased its crude oil imports from Russia in 2024 by 1% compared to 2023 to a record level. Imports from Russia amounted to 108.5 million tons, equivalent to 2.17 million barrels per day. Seab...

Ukraine’s labor shortage forces the government to look for ways to entice refugees to return from Germany: What is being offered?

Ukraine’s labor shortage forces the government to look for ways to entice refugees to return from Germany: What is being offered? The Ukrainian government, faced with an acute labor shortage, is launching a campaign to encourage refugees who have left for Germany to return home. Unity Centers will be opened in Berlin and later i...

The EU and G7 countries are continuing to help Russia to finance its war against Ukraine.

The EU and G7 countries are continuing to help Russia to finance its war against Ukraine. In parallel with the introduction of new sanctions packages aimed at “weakening Russia’s capabilities to wage an aggressive, aggressive war,” contradictory actions partially offset t...

In which regions of Ukraine is housing becoming more expensive?

In which regions of Ukraine is housing becoming more expensive? Over the past six months, the most expensive housing in the primary market has been in Kropyvnytskyi – by 8% to $1,070 per square meter. Last year, three new residential complexes were built in the ci...

Monday, January 20

Privatization of profitable enterprises in Ukraine is low-hanging fruit, but not for foreign investors. A chemical factory seized from a Russian oligarch will be put up for auction this year.

Privatization of profitable enterprises in Ukraine is low-hanging fruit, but not for foreign investors. A chemical factory seized from a Russian oligarch will be put up for auction this year. PJSC Vinnytsiapobuthim, a well-known manufacturer of household chemicals and cosmetics, has been transferred to the State Property Fund of Ukraine (SPFU) for future sale at auction. This was reported...

A USAID grant helps the largest Ukrainian pet food manufacturer to increase its production capacity by 22%.

A USAID grant helps the largest Ukrainian pet food manufacturer to increase its production capacity by 22%. With support from the USAID Competitive Economy Program in Ukraine, the global, family-owned Kormotech company plans to increase its dry feed production in Ukraine from 45,000 to 55,000 tons per year ...

The US has imposed restrictions on unfinished Russian oil tankers, and the EU has found a way to circumvent Hungary’s veto on Russian sanctions.

The US has imposed restrictions on unfinished Russian oil tankers, and the EU has found a way to circumvent Hungary’s veto on Russian sanctions. Six Russian oil tankers being built at the Zvezda shipyard have been included in US sanctions among 183 total affected vessels. This is the first time tankers have been blacklisted before having set s...

The loss of Ukraine’s lithium deposits to Russia threatens Europe’s energy independence.

The loss of Ukraine’s lithium deposits to Russia threatens Europe’s energy independence. Lithium is the primary raw material for the future of green energy in Europe. It is needed to produce electric vehicle batteries, renewable energy storage devices, and digital devices. Ukraine is a ke...

The DFC will provide $40M to Astarta Holding to build a processing plant.

The DFC will provide $40M to Astarta Holding to build a processing plant. The US Development Finance Corporation (DFC) has given preliminary approval for a loan of up to $40M for the Astarta agro-industrial holding, Ukraine’s largest sugar producer. The loan will help...

Last year, UZ increased export transportation by 51.2% due to seaport operations.

Last year, UZ increased export transportation by 51.2% due to seaport operations. During December 2024, Ukrainian Railways (UZ) transported 14.032 million tons of cargo by rail (+0.071 million tons, or +0.5% compared to November 2024 volumes). According to 2024’s results, 174...

Ukraine adapts its product monitoring to EU requirements to implement industrial visa-free travel.

Ukraine adapts its product monitoring to EU requirements to implement industrial visa-free travel. The Cabinet of Ministers approved a draft amendment to the legislation governing market surveillance, the primary purpose of which is to implement European safety standards and consumer protection in ...

Despite the war, Ukraine has achieved a record GDP per capita; the World Bank worsens its forecast for 2025.

Despite the war, Ukraine has achieved a record GDP per capita; the World Bank worsens its forecast for 2025. Ukraine’s real GDP growth in 2024 was 3.6%. “If we look at the level of GDP by the level of the available population, we have now reached a record GDP per capita,” said Deputy Minist...

Ukrainians primarily enter Poland as labor migrants, not as refugees.

Ukrainians primarily enter Poland as labor migrants, not as refugees. Of all Ukrainians in Poland, 37% arrived less than six months ago, and 9% have been living there for a year, 23% for two years, 15% for three, and 6% for four. Another 10% of Ukrainians have lived in ...

Friday, January 17

Businesses have increased their activity and investment forecasts for the next 12 months.

Businesses have increased their activity and investment forecasts for the next 12 months. For the second month in a row, businesses have improved their business activity estimates for the next 12 months, maintaining optimistic forecasts for attracting investment but anticipating moderate i...

Ukraine’s reconstruction: Poland is ready to organize a summit next year, Ukraine will spend €100M this year, and Britain to provide $47M.

Ukraine’s reconstruction: Poland is ready to organize a summit next year, Ukraine will spend €100M this year, and Britain to provide $47M. Poland is ready to organize a Ukrainian reconstruction summit in 2026, Polish Prime Minister Donald Tusk said. Meanwhile, the third stage of the Ukraine Recovery Program has begun. The Ukrainian gover...

News from Ukraine’s gas production sector.

News from Ukraine’s gas production sector. The Association of Gas Extracting Companies of Ukraine reports that in 2024, total gross natural gas production in Ukraine amounted to 19.12 billion cubic meters (+2.3% compared to 2023). The companie...

Ukraine has signed a memorandum to create a hydrogen supply corridor to the EU.

Ukraine has signed a memorandum to create a hydrogen supply corridor to the EU. The GTS Operator of Ukraine and several domestic and international organizations signed a memorandum to create and implement the Central European Hydrogen Corridor. The memorandum outlines joint effor...

New details about the new Knauf plant in the Ternopil region: The German company is relocating one of its factories to Ukraine.

New details about the new Knauf plant in the Ternopil region: The German company is relocating one of its factories to Ukraine. German Knauf, one of the world’s largest manufacturers of building materials, plans to launch a second factory in Ukraine by the end of the year. However, the company will not build the factory ...

Thursday, January 16

Trump may use sanctions to finish off Moscow, which is running out of money for the National Welfare Fund.

Trump may use sanctions to finish off Moscow, which is running out of money for the National Welfare Fund. German energy analyst Tom O’Donnell said that the latest US sanctions could significantly harm Moscow, and that generally, sanctions against Russian oil could become a key weapon for US Presiden...

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