Economy

Thursday, November 14

How has Ukraine’s real estate market overcome three years of war?

How has Ukraine’s real estate market overcome three years of war? According to LUN Development Director Olena Unanyan, in the pre-war year 2021 there was an active post-COVID period when the prices were rising, developers were actively launching projects, and apartm...

Wednesday, November 13

In 2024, banks in Ukraine earned ₴118B thanks to lending and bonds.

In 2024, banks in Ukraine earned ₴118B thanks to lending and bonds. From January to September, solvent Ukrainian banks earned ₴118B ($2.8B) in net profit. The NBU explained that the primary income sources were the increase in lending volumes and investment in governme...

A Ukrainian pipe manufacturer invests $1B to maintain competitiveness in the global market.

A Ukrainian pipe manufacturer invests $1B to maintain competitiveness in the global market. Over the past several years, Interpipe, a Ukrainian producer of pipes and railway wheels, has invested about $1B in the construction of a modern electric steelmaking complex – Interpipe Steel, which a...

The EU suggests avoiding a trade war with the US by reducing dependence on Russian gas.

The EU suggests avoiding a trade war with the US by reducing dependence on Russian gas. The EU wants to increase imports of liquefied natural gas from the US to reduce dependence on Russian gas and convince the next US president, Donald Trump, not to impose tariffs on European goods. EU ...

Ukraine is preparing to restart concession projects in ports to attract investment.

Ukraine is preparing to restart concession projects in ports to attract investment. The Ministry of Infrastructure is preparing new concession projects and restarting those whose implementation was stopped in Ukrainian ports, said Tymur Tkachenko, deputy head of the department. ̶...

In the business centers of Lviv, rental rates have fallen sharply; in Kyiv, prices are holding.

In the business centers of Lviv, rental rates have fallen sharply; in Kyiv, prices are holding. Business centers in Lviv are going through difficult times in the third year of the war, and vacancy rates have increased to 34%. Falling rental demand has led to a 21% drop in prices year-on-year to ...

Tuesday, November 12

Ukrainian enterprises are reorienting to the European market because of the war.

Ukrainian enterprises are reorienting to the European market because of the war. Mauro Longobardo, CEO of metallurgical giant ArcelorMittal Kryvyi Rih, said that the company is recovering from the losses of the previous two years but has not yet broken even. In 2024, the plant los...

The DFC helps Piraeus Bank to unlock $25M in new bank lending to Ukrainian SMEs.

The DFC helps Piraeus Bank to unlock $25M in new bank lending to Ukrainian SMEs. Small and medium-sized enterprises (SMEs) are the backbone of Ukraine’s economy, creating jobs and providing much-needed goods and services. Because of the war, commercial lending in Ukraine has becom...

The European Parliament will adopt a resolution on the struggle with the Russian shadow fleet.

The European Parliament will adopt a resolution on the struggle with the Russian shadow fleet. This week, the European Parliament is preparing to adopt a resolution calling for more “targeted” measures against the Russian Federation’s shadow fleet. Russia’s continued eva...

A Ukrainian investment company will soon start construction of a glass factory in the Kyiv region.

A Ukrainian investment company will soon start construction of a glass factory in the Kyiv region. The EFI Group plans to build the glass factory in the spring of 2025. “This is a very complex project; we have been working on it for two years. I hope that by the end of the year we will be abl...

An oil mega-company: Putin seeks to preserve trade revenue to continue the war by strengthening control over global energy markets.

An oil mega-company: Putin seeks to preserve trade revenue to continue the war by strengthening control over global energy markets. The Kremlin is discussing the possibility of uniting Russia’s largest oil companies into one megastructure. This would entail Rosneft taking control of Lukoil and Gazpromneft. The deal would sig...

There are 14 million people of working age left in Ukraine, almost 42,000 are unemployed, and an acute shortage of personnel is pushing up salaries.

There are 14 million people of working age left in Ukraine, almost 42,000 are unemployed, and an acute shortage of personnel is pushing up salaries. After the start of the full-scale war and mass emigration in Ukraine, the working population decreased from 18 to 14 million people, said economist and member of the Economic Discussion Club, Oleg Pen...

Monday, November 11

The US will allow its contractors to repair American military equipment in Ukraine and will send more than 500 air defense missiles.

The US will allow its contractors to repair American military equipment in Ukraine and will send more than 500 air defense missiles. The US will permit American defense contractors to work in Ukraine to service and repair weapons and equipment provided by the Pentagon. The US will also send Ukraine more than 500 interceptor missile...

The SPFU found an buyer for the Bilhorod-Dnistrovskyi port after the 13th attempt – $2.6 million will be paid for the asset.

The SPFU found an buyer for the Bilhorod-Dnistrovskyi port after the 13th attempt – $2.6 million will be paid for the asset. On November 8, the State Property Fund (SPFU) held an auction for the privatization of the single property complex, Bilhorod-Dnistrovskyi Sea Trade Port, the 13th attempt. The seaport’s starting...

Inflation is accelerating in Ukraine, but the NBU predicts it will decrease next year.

Inflation is accelerating in Ukraine, but the NBU predicts it will decrease next year. In October 2024, consumer prices increased by 1.8% compared to September; annual inflation accelerated to 9.7% (8.6% in September), according to the Ukrainian State Statistics Service. Since the begin...

The World Bank will provide Ukraine over $2B, and the EIB will strengthen recovery support.

The World Bank will provide Ukraine over $2B, and the EIB will strengthen recovery support. The World Bank will provide $750M to Ukraine within the Support for Reconstruction through Smart Fiscal Management (SURGE) project framework, which supports the institutional reforms that are necessar...

Prolonged power outages in Ukraine provoke a new wave of refugees; the NBU worsens its forecast for personnel shortages and returning Ukrainians.

Prolonged power outages in Ukraine provoke a new wave of refugees; the NBU worsens its forecast for personnel shortages and returning Ukrainians. In Ukraine, increased pressure on commercial activities due to a lack of workers in the third quarter of the year was due to an increase in migration outflow that was beyond expectations, mainly due t...

Friday, November 8

Ukraine needs 4.5 million additional workers for GDP growth, while eight million people are economically inactive.

Ukraine needs 4.5 million additional workers for GDP growth, while eight million people are economically inactive. According to a study by the International Labor Organization, Ukraine needs 8.6 million additional workers to enable GDP growth. At the same time, according to the Ministry of Economy, Ukraine only ne...

An insurance broker predicts the opening of Ukraine’s skies in early 2025.

An insurance broker predicts the opening of Ukraine’s skies in early 2025. Flights from the Ukrainian airports, either Boryspil near Kyiv or in Lviv, may resume in January 2025, said a senior partner at insurance broker Marsh McLennan Crispin Ellison at the Kyiv Internationa...

The World Bank sees enormous opportunity in Ukraine: Subject to reforms, the private sector can finance approximately 33% of recovery.

The World Bank sees enormous opportunity in Ukraine: Subject to reforms, the private sector can finance approximately 33% of recovery. There are a considerable number of opportunities in Ukraine despite the full-scale war, said Lisa Kaestner, a senior official of the International Finance Corporation of the World Bank Group, at the K...

In Ukraine, the connection of biomethane producers to gas distribution systems has been simplified to promote exports.

In Ukraine, the connection of biomethane producers to gas distribution systems has been simplified to promote exports. The National Commission for Regulation of the Energy Market of Ukraine has simplified the technical requirements for connecting biomethane production facilities to gas distribution systems. A newly ap...

Thursday, November 7

Ukrainian securities and stock prices growafter Trump’s victory.

Ukrainian securities and stock prices growafter Trump’s victory. Fund managers have been buying Ukraine’s dollar bonds in a bet that Donald Trump would win the US election, accelerating an end to the war with Russia. Ukrainian Eurobonds and GDP warrants increased w...

Epicentr K is developing its agribusiness by constructing a port terminal.

Epicentr K is developing its agribusiness by constructing a port terminal. The Epicentr K group is preparing to invest in the development of its port infrastructure, the company’s top manager, Petro Mykhailyshyn, said. “We already have 170,000 hectares of land an...

A Ukrainian manufacturer of non-ferrous metal products launches a €19M cable production plant in Poland.

A Ukrainian manufacturer of non-ferrous metal products launches a €19M cable production plant in Poland. One of the largest producers of non-ferrous metal products in Ukraine, Electro Cable Group, launched a cable production plant in the Polish city of Zabrze in June. The key argument in Poland’s f...

A famous Ukrainian chef has invested €500,000 to launch two retail businesses and expects to attract another €1.5M.

A famous Ukrainian chef has invested €500,000 to launch two retail businesses and expects to attract another €1.5M. Chef and restaurateur Yevhen Klopotenko invested €500,000 in creating the 100Years brand and the 100shop online store. By the end of 2025, Klopotenko hopes to bring both businesses to self-sufficiency...

A Chinese investor is buying the largest private amber deposit in Ukraine.

A Chinese investor is buying the largest private amber deposit in Ukraine. The Sun-Craft Center company, which mined the most amber among private subsoil users in Ukraine last year, is being bought by Chinese citizen Ren Yongpeng. His company, Lumos Plus, has become the sole...

An international industrial group has invested more than €11M in launching a plant to produce building materials in Prykarpattia.

An international industrial group has invested more than €11M in launching a plant to produce building materials in Prykarpattia. The Saint-Gobain international group’s first plant in Ukraine opened in the Ivano-Frankivsk region. The enterprise will provide employment for about 50 people and produce gypsum mixtures under t...

Wednesday, November 6

The co-owner of a Ukrainian supermarket chain enters the real estate development business.

The co-owner of a Ukrainian supermarket chain enters the real estate development business. BGV Group Management, an investment company and co-owner of one of the largest retail chains in Ukraine, ATB, has partnered with SAGA Development, a Ukrainian developer with a two million square meter...

In October, the Ministry of Finance raised a record ₴107B from the issuance of government bonds.

In October, the Ministry of Finance raised a record ₴107B from the issuance of government bonds. Last month ₴106.9B was obtained from OVDP sales, equivalent to ₴83.4B and $569M. At the same time, military bonds accounted for almost ₴82.8B of the total volume of government bonds issued last month....

The lease of 1,200 hectares of state farmland brought ₴35M to Ukraine’s coffers.

The lease of 1,200 hectares of state farmland brought ₴35M to Ukraine’s coffers. The main takeaway from the first month of auctions by the Land Bank is ₴34.7M including VAT paid to the budget and 19 concluded agreements with winners from six regions. As a result of these auctions,...

Ukraine’s largest lead production plant and DTEK Skhidenergo are being liquidated.

Ukraine’s largest lead production plant and DTEK Skhidenergo are being liquidated. The court opened bankruptcy proceedings and opened the liquidation procedure for the Svynets Specialized Enterprise from the Donetsk region. It was the largest producer of secondary lead and lead-cont...

The parliament names the most profitable building materials production projects for investment.

The parliament names the most profitable building materials production projects for investment. Head of the Verkhovna Rada committee on urban planning, Olena Shulyak, said that before the war the construction industry traditionally accounted for 4% of Ukraine’s GDP. At the same time, durin...

Ukraine’s investment climate shows signs of improvement.

Ukraine’s investment climate shows signs of improvement. Ukraine’s investment attractiveness index increased to 2.49 points in 2024 (out of a possible five) from 2.44 points in 2023, according to a survey by the EBA, in which 80 top managers of intern...

Tuesday, November 5

The IMF criticizes the 50% tax rate on banks’ profits and advises Ukraine to increase its internal financing sources.

The IMF criticizes the 50% tax rate on banks’ profits and advises Ukraine to increase its internal financing sources. The deputy head of the IMF mission in Ukraine, Trevor Lessard, noted that the introduction of a 50% tax on bank profits for the second year in a row contradicts the nature of taxing excess profits, un...

Trade between the EU and Russia falls to a 25-year low, though Slovakia is buying more Russian goods.

Trade between the EU and Russia falls to a 25-year low, though Slovakia is buying more Russian goods. Russia continues to lose economic ties with its once-largest trading partner, the EU, and according to August’s results, deliveries of goods to Russia from European countries decreased by 18% compared...

A Saudi fund with assets in Ukraine wants to purchase a Russian grain terminal.

A Saudi fund with assets in Ukraine wants to purchase a Russian grain terminal. Salic, the Saudi Agricultural and Livestock Investment Co. owned by the Public Investment Fund of Saudi Arabia, is buying a company that owns several agricultural assets in Russia. One of these assets...

Land prices for individuals have increased by 10% since the commercial land market opened.

Land prices for individuals have increased by 10% since the commercial land market opened. In a new analytical review of the land market by the KSE, it is reported that after the opening of Ukraine’s agricultural land market for companies, prices for transactions involving individuals have ...

A Polish container rail transport operator is expanding its business in Ukraine and searching for a location to construct a terminal.

A Polish container rail transport operator is expanding its business in Ukraine and searching for a location to construct a terminal. Polish logistics company Laude Smart Intermodal from Toruń, which controls 33% of the container rail transport market in Ukraine, is preparing a large-scale expansion of its activities. Despite the wa...

Danube ports need 150,000 tons of cargo monthly so as not to lose their developed potential.

Danube ports need 150,000 tons of cargo monthly so as not to lose their developed potential. Danube ports cannot compete for export cargo; if it is not possible to export goods through Odesa, the business will be reoriented to EU ports, the Ukrainian Danube Shipping Company (UDP) reported. &#...

In October, Ukraine exported goods worth $3.8B, a record for the year.

In October, Ukraine exported goods worth $3.8B, a record for the year. Last month, Ukraine exported goods worth more than $3.8B, 18.7% more than in September. This is the highest indicator for 2024 so far. Since the beginning of the year, the export of goods has reached ...

Monday, November 4

Ukraine has developed and plans to produce air defenses and ballistic missiles soon.

Ukraine has developed and plans to produce air defenses and ballistic missiles soon. Kyiv can start making its own ballistic and cruise missiles as early as the middle of 2025, said Director of the state enterprise Spetstechnoexport, Oleksiy Petrov. According to him, flight tests of U...

The World Bank will provide almost $600M in financing for Ukrainian businesses, and USAID provides $6M to four companies to increase exports.

The World Bank will provide almost $600M in financing for Ukrainian businesses, and USAID provides $6M to four companies to increase exports. The World Bank is starting a new $593M program to support small and medium-sized businesses in Ukraine. The financing consists of $283M from the ADVANCE Ukraine trust fund (from Japan), $300M from the...

Social benefits to Ukrainians cost Germany €539M per month: The employment program has failed.

Social benefits to Ukrainians cost Germany €539M per month: The employment program has failed. The German Audit Office (BRH) has published a report claiming that the government program for simplified employment of Ukrainians, Job-Turbo, has not yielded beneficial results. The program was expect...

Ukrainian businesses continue to expand despite the war: What new shops and restaurants opened in Ukraine last week?

Ukrainian businesses continue to expand despite the war: What new shops and restaurants opened in Ukraine last week? Retailer Varus returned to the development of its network in the Kyiv region, and on November 2 the company opened its first supermarket in the Varus Home format in Bilogorodka. The new store became t...

Friday, November 1

Another million Ukrainians are at risk of displacement due to the war, and hundreds of thousands will return from the EU after their social benefits are cut.

Another million Ukrainians are at risk of displacement due to the war, and hundreds of thousands will return from the EU after their social benefits are cut. The Assistant Secretary General of the UN for European Affairs, Miroslav Jenca, said that due to the war, millions of people living in the east or south of Ukraine may be forced to leave their homes. ...

Hotel Ukraine has a new owner, while the Bilhorod-Dnistrovskyy port still belongs to the state.

Hotel Ukraine has a new owner, while the Bilhorod-Dnistrovskyy port still belongs to the state. The winner of the auction for the privatization of the Hotel Ukraine paid ₴2.5B and ₴502M in VAT, delivering more than ₴3B to Ukraine’s coffers. With that, according to the Ministry of Economy, ...

Croatian Orbico acquires a controlling interest in one of the largest Ukrainian distributors of food and goods.

Croatian Orbico acquires a controlling interest in one of the largest Ukrainian distributors of food and goods. General Director of Sav Orbico, Andrii Makhovskyi, announced that Croatian company Orbico Group bought a controlling stake (51%) in one of the largest Ukrainian distributors of everyday goods, Savserv...

Through a digital investment portal, KSE and the Ministry of Economy seek investors for projects worth €2.1B.

Through a digital investment portal, KSE and the Ministry of Economy seek investors for projects worth €2.1B. Thirty-one new projects representing a total amount of €2.1B have been added to Ukraine’s investment portal, created by the Ministry of Economy and the Kyiv School of Economics with support from...

Germany has significantly increased its Ukrainian grain imports since the start of the war.

Germany has significantly increased its Ukrainian grain imports since the start of the war. The German federal government confirms the increase in Ukrainian grain imports and, at the same time, denies any negative impact from this on its market. Grain imports have grown since 2022, when the ...

Thursday, October 31

Russia’s upcoming financial crisis may provide a chance to end the war.

Russia’s upcoming financial crisis may provide a chance to end the war. The Foundation for Defense of Democracies notes that the Kremlin plans to spend $145B of its total $436B state budget on defense in 2025. This is more than 6.3% of Russia’s GDP, and the country’...

Follow us