Economy

Tuesday, February 4

Ukraine has made a significant advancement in the digitalization of international trade: How will exports be impacted?

Ukraine has made a significant advancement in the digitalization of international trade: How will exports be impacted? Ukraine has officially joined the international ePhyto Solution system (Electronic Phytosanitary Certificate System), enabling the exchange of electronic phytosanitary certificates with 124 countries ...

Retail turnover in Ukraine grew by 18%, but a third of retail revenue occurs in the shadows.

Retail turnover in Ukraine grew by 18%, but a third of retail revenue occurs in the shadows. According to UTG estimates, Ukraine’s 2024 retail turnover is expected to amount to ₴2.184T despite the war, which is 17.7% more than in 2023 (₴1.822T). Turnover is also growing in dollar equiva...

Polish businesses are preparing for Ukraine’s reconstruction: Which industries will be the first to get involved?

Polish businesses are preparing for Ukraine’s reconstruction: Which industries will be the first to get involved? Polish companies are preparing to rebuild Ukraine, and constant contact is being maintained with them, said the Polish government’s commissioner for the reconstruction of Ukraine, Pawel Kowal. &...

What threats are facing the Ukrainian agricultural market at the beginning of the year?

What threats are facing the Ukrainian agricultural market at the beginning of the year? Minister of Agricultural Policy Vitaly Koval said that the USAID suspension would negatively affect the Ukrainian agricultural sector, as many producers were waiting for the supply of equipment that h...

What is driving Ukraine’s housing market?

What is driving Ukraine’s housing market? The Confederation of Builders of Ukraine reported that thanks to eOselya, the state preferential mortgage program, housing sales in the country have increased. According to developers, during the last...

Monday, February 3

The NBU forecast: What will happen to inflation and GDP in 2025-2026?

The NBU forecast: What will happen to inflation and GDP in 2025-2026? Inflation in Ukraine is expected to decrease during 2025-2026, dropping to 5%. According to the National Bank’s forecast, inflation will peak in the second quarter of 2025, and begin to decline ...

Ukrainian retailers are building out their logistics infrastructure to ensure operational stability.

Ukrainian retailers are building out their logistics infrastructure to ensure operational stability. Over the course of the war, companies across various retail segments have been building or purchasing warehouses. For instance, the Eva cosmetics sales network is considering acquiring a logistics com...

The first textile waste processing line in Ukraine, valued at ₴30M, has been launched in the Kyiv region.

The first textile waste processing line in Ukraine, valued at ₴30M, has been launched in the Kyiv region. In Irpin, the new facility, which processes textile waste with a capacity of 2,500 tons annually, has commenced operations under wartime conditions. These scraps originate from the production of cloth...

Alterra Group invests $8.5M to expand its logistics center due to increased demand.

Alterra Group invests $8.5M to expand its logistics center due to increased demand. Alterra Group, specializing in developing and managing commercial real estate, has invested $8.5M in expanding the Joule logistics center (Svyatopetrivske, Kyiv region) from 8,000 to 20,000 square fee...

Ukrainian manufacturers of fire and specialized equipment is investing $15M in a new plant.

Ukrainian manufacturers of fire and specialized equipment is investing $15M in a new plant. Pozhmashyna, one of Ukraine’s leading manufacturers of fire and specialized equipment, has announced the construction of a new plant in Lviv. The relevant agreement was signed with the Formatsia...

Friday, January 31

Europe is ready to increase defense spending.

Europe is ready to increase defense spending. Most EU countries that are also NATO members are likely to agree to increase the defense spending target at the Alliance’s June summit, European Council President Antonio Costa said. An informal...

Canada’s Black Iron has secured land in the Dnipropetrovsk region to develop the Shymanivske iron ore project.

Canada’s Black Iron has secured land in the Dnipropetrovsk region to develop the Shymanivske iron ore project. Canadian iron ore exploration and development company Black Iron has signed a multi-year agreement with the city of Kryvyi Rih to lease 248 hectares of land. This area is critical for completing the r...

Why did Ukraine’s largest mineral fertilizer producers reduce production last year?

Why did Ukraine’s largest mineral fertilizer producers reduce production last year? In 2024, the average annual capacity utilization of companies belonging to OSTCHEM, which unites Ukraine’s largest mineral fertilizer producers, did not exceed 70%. The holding plants produced 1...

In September, the second phase of the KYT industrial park will be launched in the Kyiv region.

In September, the second phase of the KYT industrial park will be launched in the Kyiv region. The second phase’s launch is located in Bucha (Kyiv region), where the production of building materials, metal-plastic doors, and windows is planned, and is scheduled for September 2025. Althoug...

Ukraine has proposed implementing a schedule for exporting agricultural products to maintain duty-free trade.

Ukraine has proposed implementing a schedule for exporting agricultural products to maintain duty-free trade. The Ministry of Agrarian Policy has suggested a new mechanism for the export of Ukrainian agricultural products to the EU. This proposal arises because, according to RMF24, the EU plans not to extend ...

Ukraine’s demolition waste recycling industry is growing: Where are new facilities being launched?

Ukraine’s demolition waste recycling industry is growing: Where are new facilities being launched? A construction waste recycling plant has been put into operation in Chernihiv. The UNDP in Ukraine provided the latest equipment in cooperation with international donors, thus supporting the cities mo...

Thursday, January 30

The government will create mechanisms to stimulate housing construction in Ukraine.

The government will create mechanisms to stimulate housing construction in Ukraine. Prime Minister Denys Shmyhal has tasked relevant state structures with developing effective methods to promote housing construction in light of the destruction and damage to 10% of Ukraine’s hou...

HD Hyundai has opened a representative office in Ukraine and plans to participate in Ukraine’s reconstruction efforts.

HD Hyundai has opened a representative office in Ukraine and plans to participate in Ukraine’s reconstruction efforts. South Korean company HD Hyundai XiteSolution has officially established a representative office in Kyiv. According to the Ministry of Economy, the company embodies a comprehensive approach to cooperat...

Russian LNG, aluminum, and the shadow fleet: What is the new EU sanctions package targeting?

Russian LNG, aluminum, and the shadow fleet: What is the new EU sanctions package targeting? The 16th package of EU sanctions targeting Russia will not include a general ban on the import of Russian LNG. Instead, LNG supplies to terminals not connected to the EU’s common gas distributio...

Ukrainian graphite is being tested for use in lithium-ion batteries.

Ukrainian graphite is being tested for use in lithium-ion batteries. BGV Group has completed laboratory and semi-industrial tests on the additional purification of graphite to battery quality, 99.99% purity, and the subsequent production of spherical graphite (SPG). Th...

Ukraine has launched its third biomethane plant and plans to produce bioethanol in partnership with Brazil.

Ukraine has launched its third biomethane plant and plans to produce bioethanol in partnership with Brazil. A third company in Ukraine has begun producing biomethane at its facility, and four more are expected to become operational within the year. The first two biomethane plants are reported to have an ann...

The war’s cost: State debt has surged by 100% in three years, but default was avoided.

The war’s cost: State debt has surged by 100% in three years, but default was avoided. Since the onset of Russia’s full-scale invasion, Ukraine’s state debt has risen by 156% (+₴4.25T) in hryvnia and by 78% (+$72.7B) in foreign currency, according to Danylo Hetmantsev, chair...

Wednesday, January 29

Russia will find itself on the verge of collapse if it loses China, a large oil customer.

Russia will find itself on the verge of collapse if it loses China, a large oil customer. Trading in Russian oil for March loadings in Asia has stopped as China is faced with a wide price gap between buyers and sellers. This comes after tanker freight costs soared due to the latest round o...

The EC may not continue preferential trade with Ukraine in its current form: What changes are being proposed?

The EC may not continue preferential trade with Ukraine in its current form: What changes are being proposed? The European Commission is reportedly considering discontinuing the preferential trade regime for Ukraine as it stands in June and has already begun negotiations on new terms. However, there is no con...

A Ukrainian metallurgical giant has outlined the conditions for attracting investment in the exploration and development of minerals in Ukraine.

A Ukrainian metallurgical giant has outlined the conditions for attracting investment in the exploration and development of minerals in Ukraine. Metinvest, the mining and metallurgical group, states that extracting and processing minerals is relatively capital-intensive, requiring investors to make substantial initial investments to develop en...

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...

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