Economy

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...

In 2024, industrial parks attracted investment despite the war.

In 2024, industrial parks attracted investment despite the war. By the end of 2024, 25 factories in economic sectors including food production, agro-processing, building materials production, woodworking, and mechanical engineering have been built or are being bui...

Experts provide a forecast for the Ukrainian mortgage market in 2025.

Experts provide a forecast for the Ukrainian mortgage market in 2025. Ukrainian banks predict that, with favorable economic and military conditions in 2025, about 40% of all mortgage loans issued under the eOselya program may be used in the primary housing market. The p...

New EU sanctions against Russia: Which sectors will be hit?

New EU sanctions against Russia: Which sectors will be hit? The EU may include a ban on aluminum imports in the 16th package of Russian sanctions, which will be adopted in February. The ban will be implemented in stages. The US and Britain have already banned ...

Ukraine plans to introduce taxes on income from digital platforms.

Ukraine plans to introduce taxes on income from digital platforms. With the move, the state expects to receive ₴10B annually from Glovo, Bolt, Uklon, and others. In April 2025, the Ukrainian government must submit to parliament a bill on the taxation of digital platf...

The EC continues to work on a roadmap to eliminate Russian gas.

The EC continues to work on a roadmap to eliminate Russian gas. The European Commission is working on a roadmap to end its dependence on Russian gas, said EC spokesperson Anna-Kaisa Itkonen. “Much has already been done. With the advent of the new year, an im...

The NBU says buying a home has become more profitable, but Ukrainians are shying away from risk because of the war.

The NBU says buying a home has become more profitable, but Ukrainians are shying away from risk because of the war. Currently, price conditions in the real estate market are more favorable than before the full-scale invasion, but due to war risks, Ukrainians are not ready to invest in housing, the national bank sai...

While Ukrainians continue to flee the war, European countries are cutting back on support for refugees.

While Ukrainians continue to flee the war, European countries are cutting back on support for refugees. In 2024, Ukrainian citizens made more than 30.1 million border crossings, with about 2% (443,000 people) not returning, 230% more than in 2023. In total, over the almost three years of the war, around...

Wednesday, January 15

Tankers are anchored, and stocks are losing value: What is happening to the Russian oil industry after new US sanctions?

Tankers are anchored, and stocks are losing value: What is happening to the Russian oil industry after new US sanctions? At least 65 oil tankers have dropped anchor off the coast of China and Russia after the US announced a new package of sanctions. Data from ship tracking services show that five tankers have stopped mo...

Ukraine seeks to maintain access to the EU market.

Ukraine seeks to maintain access to the EU market. The government is completing internal preparations for negotiations with the EU on signing an agreement on industrial visa-free travel. Ukraine also seeks to extend economic visa-free travel and conso...

Ukraine opened 16 new agricultural export markets last year; what was traded?

Ukraine opened 16 new agricultural export markets last year; what was traded? Last year, the Ministry of Foreign Affairs and the State Service for Food and Consumer Protection helped Ukrainian agricultural producers open access to 16 new foreign markets. State officials note th...

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...

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