Economy

Tuesday, June 24

The EU is preparing its most punishing package of sanctions against Russia.

The EU is preparing its most punishing package of sanctions against Russia. French Foreign Minister Jean-Noel Barrot said before a meeting of EU foreign ministers that the EU is discussing what is likely to be the strongest sanctions enacted against Russia since 2022 in respo...

France is establishing another €200M fund to support Ukraine’s reconstruction and European integration.

France is establishing another €200M fund to support Ukraine’s reconstruction and European integration. This fund aims to back projects in Ukraine related to rebuilding and connecting with the European market. The success of a previous grant agreement, signed last year, was driven by strong interest fro...

DTEK and Octopus Energy Group launch a €100M program to install solar power systems for businesses.

DTEK and Octopus Energy Group launch a €100M program to install solar power systems for businesses. Ukrainian private energy company DTEK and London-based global clean energy technology firm Octopus Energy Group are rolling out a new program, RISE, to install rooftop solar panels and energy storage ...

Monday, June 23

The US attacked three nuclear facilities in Iran, forcing oil prices to soar to $100 per barrel, but this will not benefit Russia.

The US attacked three nuclear facilities in Iran, forcing oil prices to soar to $100 per barrel, but this will not benefit Russia. US President Donald Trump stated that on the night of June 22, US aircraft targeted three nuclear sites in Iran – in Fordow, Natanz, and Isfahan. He specified that the operation was intended to elimin...

Ukraine plans to produce its weapons in other countries, aims to export technology, and forecasts $43B in domestic defense industry investment.

Ukraine plans to produce its weapons in other countries, aims to export technology, and forecasts $43B in domestic defense industry investment. In an interview, President Zelenskyy said that Ukraine is negotiating the initiation of defense production abroad. Notably, there are already agreements in place with Denmark, Norway, Germany, Britain...

The EU will boost defense industry funding by 250%.

The EU will boost defense industry funding by 250%. The EU will increase the European Investment Bank’s annual lending limit to €100 billion this year. This new limit exceeds last year’s bank lending by more than €10B and is €5B higher than...

More than 10 European countries will intensify their fight against the Russian shadow fleet.

More than 10 European countries will intensify their fight against the Russian shadow fleet. Representatives from 12 EU countries (the Baltic states, Belgium, Denmark, Germany, the Netherlands, Poland, Finland, France, and Sweden), along with Britain, Norway, and Iceland, called for enhanced ...

A new law on public-private partnerships will bring up to $1B in investment for reconstruction.

A new law on public-private partnerships will bring up to $1B in investment for reconstruction. On June 19, the Ukrainian Parliament fully adopted draft legislation focused on improving the public-private partnership (PPP) mechanism. “We expect that the mechanism will finally work and will...

Industry and trade are driving economic growth in Ukraine in 2025.

Industry and trade are driving economic growth in Ukraine in 2025. In May 2025, Ukraine’s real gross domestic product (GDP) rose by 1.1% compared to the same month last year, according to the IER. Analysts note that while the growth rate remains low, there are ...

A European building materials manufacturer plans to establish a plant in Western Ukraine.

A European building materials manufacturer plans to establish a plant in Western Ukraine. Calmit GmbH from Austria, which specializes in lime and building materials, aims to construct a facility in the Batiovo community in Transcarpathia. Batiovo meets customer needs, such as its close pro...

Ukraine has surpassed Russia in trade with Germany for the first time in its history.

Ukraine has surpassed Russia in trade with Germany for the first time in its history. The trade turnover between Ukraine and Germany has exceeded that of Russia’s for the first time, according to Vitaliy Ivashchuk, a representative of the Embassy of Ukraine in Berlin. “In 2...

Thursday, June 19

Trump will support arms sales to Ukraine if he considers it a “good deal” for the US.

Trump will support arms sales to Ukraine if he considers it a “good deal” for the US. Former US special representative for Ukraine negotiations, Kurt Volker, believes that US President Trump may agree to supply weapons to Kyiv if it appears to be a good deal for the US. “For Trum...

Ukraine’s accession to the EU will ensure a 26% increase in its GDP.

Ukraine’s accession to the EU will ensure a 26% increase in its GDP. According to the Polish Economic Institute, Ukraine’s accession to the EU could serve as a powerful economic stimulus for both the country itself and its neighbors in Central Europe. It is anticipated...

International clothing retailers are actively entering the Ukrainian market.

International clothing retailers are actively entering the Ukrainian market. Turkish fashion retailer LC Waikiki will join the tenant pool of the Cosmo Multimall shopping center in Kyiv in the fall. The company is returning to its development trajectory and plans further expan...

In Ukraine, despite the ongoing war, the construction of elevators is on the rise.

In Ukraine, despite the ongoing war, the construction of elevators is on the rise. KMZ Industries, a company that produces elevator equipment, observes that in Ukraine, despite the challenging situation and general market pressures, the construction of new elevators and the expansio...

Ukrbud, the state-owned construction company, was sold for ₴805M as part of a large-scale privatization.

Ukrbud, the state-owned construction company, was sold for ₴805M as part of a large-scale privatization. The auction winner was the Petro Oil and Chemicals company, owned by Georgian citizen David Bezhuashvili. He offered a price 200% higher than the starting price of ₴262.6M (excluding VAT). The Cabinet...

Wednesday, June 18

Ukraine opens a key lithium deposit to private investors under the mineral deal with the US.

Ukraine opens a key lithium deposit to private investors under the mineral deal with the US. The Ukrainian government has taken the first practical step toward implementing agreements with the US on cooperation in critical raw materials. This entails preparations to open the Dobra lithium dep...

The conflict between Iran and Israel has made it more challenging for the EU to lower the price cap on Russian oil.

The conflict between Iran and Israel has made it more challenging for the EU to lower the price cap on Russian oil. Last week, the European Commission included a proposal in the draft of its Russian sanctions package to lower the price cap on oil from the current $60 per barrel to $45. Some member states that suppo...

The EC has approved a plan to completely abandon Russian gas and oil.

The EC has approved a plan to completely abandon Russian gas and oil. The European Commission has approved a legislative proposal that outlines a gradual phase-out of Russian gas and oil imports into the EU by the end of 2027, with the goal of enhancing the bloc’s...

A new housing initiative for internally displaced persons is being developed in Ukraine.

A new housing initiative for internally displaced persons is being developed in Ukraine. Ukrainian government representatives and the World Bank have discussed a new housing support program for internally displaced individuals. Presently, the HOPE housing repair project, jointly undertake...

Ukraine has already received nearly $18B in loans and grants from its international partners.

Ukraine has already received nearly $18B in loans and grants from its international partners. In the first five months of 2025, Ukraine received close to $18B in foreign aid through concessional loans and grants, according to an NBU report. By the end of the year, this amount could rise to $55...

How does the Ukrainian labor market look in the fourth year of the war?

How does the Ukrainian labor market look in the fourth year of the war? At present, more than 70% of Ukrainian businesses are experiencing a notable personnel shortage. Contributing factors include not just the mobilization of conscripts but also internal migration and th...

Tuesday, June 17

The G7 summit in Canada is underway, amidst rising tensions in the Middle East and controversies over Trump’s tariffs.

The G7 summit in Canada is underway, amidst rising tensions in the Middle East and controversies over Trump’s tariffs. War in Ukraine will be discussed on June 17, with Ukrainian President Volodymyr Zelenskyy set to meet with US President Donald Trump, as confirmed by a White House official to Axios. The two leaders l...

Ukraine has invited Poland to join the SME Alliance and participate in the country’s rebuilding efforts.

Ukraine has invited Poland to join the SME Alliance and participate in the country’s rebuilding efforts. At a meeting in Kyiv, Ukraine’s Minister of Economy, Yulia Svyrydenko, discussed the opportunities that are currently available to investors with the Polish delegation led by Poland’s Mini...

In May, business sentiment in Ukraine stabilized, but exporters’ anxiety is increasing.

In May, business sentiment in Ukraine stabilized, but exporters’ anxiety is increasing. According to the Institute for Economic Research, the business activity recovery index in Ukraine in May was unchanged from April, remaining at 0.13. However, analysts observed the following trends: T...

Ukrainian agribusinesses are entering new markets both abroad and domestically.

Ukrainian agribusinesses are entering new markets both abroad and domestically. Experts indicate that Dutch traders are interested in importing Ukrainian frozen berries. However, establishing direct supplies to a Dutch supermarket chain is challenging without the assistance of tr...

The EU will not lower the price ceiling for Russian oil without G7 support.

The EU will not lower the price ceiling for Russian oil without G7 support. The bloc will not independently reduce the price ceiling for Russian oil from $60 to $45 per barrel, as this initiative is unlikely to gain support from the G7 countries. The proposal to lower the pri...

Developers are abandoning new luxury housing projects in Ukraine: Sales have slumped, and prices in Kyiv have dropped by 30-50%.

Developers are abandoning new luxury housing projects in Ukraine: Sales have slumped, and prices in Kyiv have dropped by 30-50%. Sales of premium real estate in Ukraine have decreased by half. Prices for luxury apartments in Kyiv have also declined by 30-50%, while construction costs have risen, said Artur Mkhitaryan, CEO of th...

Monday, June 16

The US has declined to provide an additional $300M in aid to Ukraine.

The US has declined to provide an additional $300M in aid to Ukraine. The US House Appropriations Committee approved the defense budget for the 2026 fiscal year, maintaining defense spending at 2025’s level and refusing to allocate an additional $300M for aid to U...

The G7 nations are set to reduce the price ceiling for Russian oil to $45 per barrel, without Trump’s approval.

The G7 nations are set to reduce the price ceiling for Russian oil to $45 per barrel, without Trump’s approval. The EU and its G7 allies seek to gain the US’ consent to lower the ceiling price for Russian oil from $60 to $45 per barrel at the summit planned for June 15-17 in Canada, according to EU Special Repr...

The EU will prohibit European terminals from receiving LNG from Russia and will enhance control over European energy companies.

The EU will prohibit European terminals from receiving LNG from Russia and will enhance control over European energy companies. The European Commission plans to ban liquefied natural gas terminals in the EU from providing services to Russian companies starting January 1 2026. A transition period has been established for existi...

Ukrainian businesses from multiple industries continue to invest in green energy.

Ukrainian businesses from multiple industries continue to invest in green energy. The Poltava oil extraction plant of the Kernel agricultural holding has transitioned to renewable energy sources certified by international organization Bureau Veritas Group. The company will fully pr...

The EU has lifted its restrictions on the import of several agricultural products from Ukraine.

The EU has lifted its restrictions on the import of several agricultural products from Ukraine. The EU Council has removed all additional inspections for beet, sunflower, rapeseed, and soybean seeds from Ukraine, recognizing that Ukrainian certification procedures comply with EU requirements. Co...

Which shopping mall format has proven to be the most stable during the war?

Which shopping mall format has proven to be the most stable during the war? As stated by UTG Director Yevgenia Loktionova during RAU Expo 2025, the current attendance level at regional shopping malls is 315 people per 1,000 square feet, while district shopping malls have an a...

Friday, June 13

The Ukrainian economy has the potential to surpass the Russian economy, offering Ukraine a safeguard against further Russian hostility.

The Ukrainian economy has the potential to surpass the Russian economy, offering Ukraine a safeguard against further Russian hostility. US Treasury Secretary Scott Bessent stated during a congressional hearing that in two decades, Ukraine’s economy could exceed that of Russia’s. He believes that a stable Ukrainian economy ...

The G7 summit’s participants will discuss lowering the Russian oil price cap to $30.

The G7 summit’s participants will discuss lowering the Russian oil price cap to $30. Among the topics on the table at the G7 summit, which will take place from June 15 to 17 in Canada, is a proposed price ceiling for Russian oil at $30 per barrel, according to Olexander Khara, an expe...

A dry port will be constructed in Western Ukraine, near the border with Poland.

A dry port will be constructed in Western Ukraine, near the border with Poland. Ternopil company Weststar Group plans to build a dry port in Volyn, which will be situated near the railway on plots covering nearly 35.6 hectares, and access tracks will be developed for it. Weststar...

Resulting from its focus on trade with the EU, Ukraine has lost its wheat markets in Asia and Africa.

Resulting from its focus on trade with the EU, Ukraine has lost its wheat markets in Asia and Africa. It has practically lost these markets while concentrating on exporting its products to Europe, writes Latifundist, referring to Ukrainian traders. “We have lost 70% of the Egyptian market. All U...

Several shopping malls are set to open in Lviv within two years.

Several shopping malls are set to open in Lviv within two years. These include compact malls in residential areas and multifunctional complexes featuring cinemas, swimming pools, and recreational spaces. For instance, the Galas shopping mall, with an area of over 1...

How are Ukraine’s cities and regions being reconstructed and revitalized?

How are Ukraine’s cities and regions being reconstructed and revitalized? Ukrgasbank, a state-owned entity, has issued a loan of ₴650.5M ($15.5M) to the Lviv City Council to fund a significant initiative focused on the sustainable growth of urban infrastructure. These funds...

The Ukrainian government gives its support to a €140M investment project for the construction of an all-season mountain resort in the Lviv region.

The Ukrainian government gives its support to a €140M investment project for the construction of an all-season mountain resort in the Lviv region. On Thursday June 12, two special investment agreements were executed between the Cabinet of Ministers, the Slavske Village Council (Lviv region), and investors – the Slavsky and Rozhanka Park companie...

Thursday, June 12

The EC has officially introduced its 18th sanctions package targeting Russia.

The EC has officially introduced its 18th sanctions package targeting Russia. This set of EU sanctions includes proposals to impose restrictions on nine individuals and 33 legal entities, focusing on Russian and foreign firms that assist the military-industrial complex, includi...

Sanctions have caused Russian oil and gas companies’ profits to drop by 50% in the past year, with refinery profitability approaching zero.

Sanctions have caused Russian oil and gas companies’ profits to drop by 50% in the past year, with refinery profitability approaching zero. Rosstat reports that in the first quarter of 2025, net profit for these companies fell by nearly half. Within three months, Russian oil and gas firms, which account for 33% of the budget, generated ₽7...

Ukraine’s Accounting Chamber has warned that allocating 73% of Ukraine’s budget for defense carries risk.

Ukraine’s Accounting Chamber has warned that allocating 73% of Ukraine’s budget for defense carries risk. Auditors identified several risks to economic stability, including a decline in the number of individual entrepreneurs, volatility in the foreign exchange market, and inflationary pressures. Olga Pish...

How long will the war last, and what are Ukraine’s economic prospects?

How long will the war last, and what are Ukraine’s economic prospects? The updated World Bank forecast notes that discussions on a potential ceasefire between Russia and Ukraine began earlier this year; however, the prospects for a long-term settlement remain uncertain. ...

A construction waste recycling plant has been launched in Mykolaiv.

A construction waste recycling plant has been launched in Mykolaiv. This initiative was made possible through the city’s collaboration with the Japan International Cooperation Agency (JICA), which provided Mykolaiv with modern equipment. At the plant, constructi...

A new chicken processing plant has been opened in the western portion of Ukraine.

A new chicken processing plant has been opened in the western portion of Ukraine. Ukrainian poultry company Avesterra Group has launched a new processing facility in the Volyn region. Approximately €60M has been invested in the enterprise’s construction, automation, and envir...

Ukrainian refugees have enriched the Polish economy, yet they continue to rate their level of integration as low.

Ukrainian refugees have enriched the Polish economy, yet they continue to rate their level of integration as low. According to a report by the UN Refugee Agency, war refugees from Ukraine have contributed significantly to the Polish economy. “By allowing Ukrainian refugees to start working and open small bu...

Wednesday, June 11

$Ukraine is seeking private investors for natural gas fracking on a revolutionary scale.$

Ukraine is seeking private investors for natural gas fracking on a revolutionary scale. The Ministry of Energy is leveraging Ukraine’s diplomatic ties to find private investment funds to finance drilling and attract technological partners. During an energy forum in Azerbaijan, gove...

What business support programs are available to Ukrainian entrepreneurs in June?

What business support programs are available to Ukrainian entrepreneurs in June? These three new opportunities have emerged for Ukrainian entrepreneurs, from grants for clusters and cooperatives to initiatives that promote the employment of veterans: Grants for clusters and agricu...

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