Economy

Monday, April 7

South Korean LS Group is seeking partners to build a tractor factory in Ukraine.

South Korean LS Group is seeking partners to build a tractor factory in Ukraine. As reported by Minister of Agrarian Policy Vitaly Koval, “The construction of a tractor plant is not only a viable investment but also a strategic move for the development of the Ukrainian agric...

Poland wants to build a port in the Odesa region to export agricultural products to Africa.

Poland wants to build a port in the Odesa region to export agricultural products to Africa. The Polish Minister of Agriculture, Michal Kolodziejczak, proposed leasing coastal land in Odesa for 50 years or purchasing it from Ukraine to create a grain port for Poland. He indicated that this in...

Friday, April 4

Trump has introduced large-scale tariffs; how will Ukraine be affected?

Trump has introduced large-scale tariffs; how will Ukraine be affected? Commenting on the introduction of import tariffs by US President Trump, Ukraine’s Minister of Economy Yulia Svyrydenko, noted: “It is difficult, but not critical. A general tariff of 10% w...

Britain proposes that Europe create a joint arms purchasing fund worth hundreds of billions of euros.

Britain proposes that Europe create a joint arms purchasing fund worth hundreds of billions of euros. Britain has proposed that European countries create a supranational fund for centralized purchases of military equipment, accumulation of weapons stocks, and financing the continent’s rearmament...

Denmark has announced a new Ukrainian military aid package valued at almost €900M.

Denmark has announced a new Ukrainian military aid package valued at almost €900M. This is Denmark’s 25th military aid package for Ukraine, which has allocated DKK 6.7B (€900M) for the period of 2025-2027. DKK 1.4B is set aside for the provision of artillery and ammunition dur...

Czech CSG increased its sales by 614% because of the war in Ukraine.

Czech CSG increased its sales by 614% because of the war in Ukraine. Czechoslovak Group AS (CSG) increased its profit by 200% in 2024, driven by greater supplies to Ukraine and NATO countries. Since the onset of the full-scale Russian invasion of Ukraine, the Czech com...

OPEC+ increases its oil output as Russia sees a drop in hydrocarbon revenue.

OPEC+ increases its oil output as Russia sees a drop in hydrocarbon revenue. The OPEC+ countries – Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman – have decided to raise oil production by 411,000 barrels per day in May. This decision is part of a gr...

Ukraine’s insurance market continues to recover, showing steady growth.

Ukraine’s insurance market continues to recover, showing steady growth. Last year, the Ukrainian insurance market demonstrated an increase in all key indicators: assets, insurance premiums, and payments. Total gross insurance premiums rose by 15%, reaching ₴53.1B, primari...

Microenterprises have the most optimistic expectations about future operations in Ukraine.

Microenterprises have the most optimistic expectations about future operations in Ukraine. According to the Institute of Economic Research, the index of anticipated changes in business activity in February, as in January, is 0.1. The share of those planning to expand their activities is 15....

Trends in the commercial real estate market in Kyiv.

Trends in the commercial real estate market in Kyiv. CBRE Ukraine’s research for the second half of 2024 shows that retail turnover in Ukraine increased by 13% year-on-year. However, consumers continue to face a challenging economic situation, and...

Thursday, April 3

500% tariff: The US Senate proposes new sanctions against Russia in retaliation for the Kremlin’s refusal to sign a peace deal.

500% tariff: The US Senate proposes new sanctions against Russia in retaliation for the Kremlin’s refusal to sign a peace deal. Two US senators, Republican Lindsey Graham and Democrat Richard Blumenthal, have introduced a bill to impose new sanctions on Russia in response to the Kremlin’s refusal to sign a peace deal. &#...

Ukraine will need over $20B and over 10 years to restore land for the agricultural sector.

Ukraine will need over $20B and over 10 years to restore land for the agricultural sector. Restoring agricultural lands after the war will cost Ukraine over $20B, or about 15% of its pre-war GDP, and will take over 10 years, according to the Institute for Economic Research (IER).Ukraine own...

A new waste management system will be introduced in Ukraine, which will also include the establishment of a CHP that uses renewable fuels.

A new waste management system will be introduced in Ukraine, which will also include the establishment of a CHP that uses renewable fuels. Initial cluster waste management concepts have been developed for various regions of Ukraine. One of the first concepts will focus on the Uzhhorod cluster in Transcarpathia. Currently, experts are ana...

The value of Ukraine’s mineral resources could reach $15T.

The value of Ukraine’s mineral resources could reach $15T. According to Ksenia Orinchak, the executive director of the National Association of Mining Industries of Ukraine, this figure is approximate and depends on various factors, including global mineral pr...

In Ukraine, this year’s reconstruction funding deficit stands at $10B.

In Ukraine, this year’s reconstruction funding deficit stands at $10B. According to Prime Minister Denys Shmyhal, in 2025, with donor support, the government allocated nearly $7.4B for priority reconstruction. However, the financing deficit for reconstruction needs this ...

A Ukrainian developer will construct another glass factory in Kalush as part of a €135M investment project.

A Ukrainian developer will construct another glass factory in Kalush as part of a €135M investment project. City One Development will build a glass factory in the city of Kalush, located in the Ivano-Frankivsk region. The facility will produce transparent and architectural glass and be implemented within th...

Wednesday, April 2

Trump threatens Russia with secondary sanctions if Putin does not agree to a ceasefire.

Trump threatens Russia with secondary sanctions if Putin does not agree to a ceasefire. During a meeting with reporters at the White House, US President Donald Trump stated that he does not rule out implementing secondary sanctions on countries that purchase Russian oil if Putin “d...

Ukraine has resumed mineral deal negotiations with the US.

Ukraine has resumed mineral deal negotiations with the US. Donald Trump, speaking to reporters at the White House, stated that Volodymyr Zelenskyy is attempting to renegotiate the rare earth metals agreement. “You know, we’ve done something becaus...

Who controls Ukraine’s mineral deposits?

Who controls Ukraine’s mineral deposits? Analysts report that 3,482 valid special permits for the use of Ukraine’s subsoil are held by 2,268 companies and 78 individuals. A significant portion of these special permits is concentrated a...

Germany has rejected the notion of returning to Russian gas purchases from Russia utilizing Nord Stream.

Germany has rejected the notion of returning to Russian gas purchases from Russia utilizing Nord Stream. The country does not intend to abandon Russian sanctions and, specifically, will not revert to direct Russian gas purchases, stated Christiane Hoffmann, deputy spokesperson for the federal government....

Ukraine will receive funding from the CEB and the EIB to provide housing for Ukrainians and restore infrastructure.

Ukraine will receive funding from the CEB and the EIB to provide housing for Ukrainians and restore infrastructure. The government has approved a loan from the Council of Europe Development Bank under the HOME project for a total of €100M (₴4.8B), Prime Minister Denys Shmyhal announced. “We will utilize these...

For the first time in 11 months, businesses have report positive expectations for their activities.

For the first time in 11 months, businesses have report positive expectations for their activities. In March, the Business Activity Expectations Index (BAEI) surpassed the neutral level for the first time in 11 months, registering at 51.8 compared to 46.9 in February 2025 (and 52 in March 2024). The...

Ukraine has lost about 13% of its housing stock due to the war; restoration efforts are underway.

Ukraine has lost about 13% of its housing stock due to the war; restoration efforts are underway. Following the full-scale invasion of Ukraine by the Russian Federation, approximately 13% of Ukraine’s housing stock was destroyed, as stated by Deputy Minister of Development Natalia Kozlovska....

Ukrainian retailers are reducing costs and increasing efficiency by investing in solar power plants.

Ukrainian retailers are reducing costs and increasing efficiency by investing in solar power plants. Experts highlight that retailers and businesses in related sectors are currently harnessing solar energy to cut expenses and boost energy independence. For instance, two years ago Epicenter began inst...

Tuesday, April 1

The mineral deal between Ukraine and the US should be viewed within the context of negotiations for EU accession.

The mineral deal between Ukraine and the US should be viewed within the context of negotiations for EU accession. European Commission spokeswoman Paula Pinho noted that Brussels maintains constant communication and if Kyiv requests an assessment of an upcoming draft of a mineral agreement, the EC is prepared to a...

Trump accuses Zelenskyy of planning to abandon the mineral agreement and threatens Ukraine with consequences.

Trump accuses Zelenskyy of planning to abandon the mineral agreement and threatens Ukraine with consequences. US President Donald Trump stated that President Zelenskyy intends to abandon the extraction agreement and warned that such a decision would lead to “significant problems.” “He is loo...

The EIB has financed 24 projects in Ukraine totaling €4.3B.

The EIB has financed 24 projects in Ukraine totaling €4.3B. The Ministry of Finance and the European Investment Bank (EIB) recently conducted another review of the loan portfolio for joint projects in Ukraine. The parties discussed preparations for initiating ...

EU countries will only be able to spend around €500B on defense over the next five years, rather than the desired €800B.

EU countries will only be able to spend around €500B on defense over the next five years, rather than the desired €800B. According to Fitch Ratings, the EU is contemplating a significant increase in defense spending as the United States, which ensured Europe’s security post-World War II, has shown reluctance to continue...

The EBRD has assisted the first Ukrainian companies in insuring themselves against war risk.

The EBRD has assisted the first Ukrainian companies in insuring themselves against war risk. Ukrainian companies now have access to a new war risk insurance program launched by the EBRD in collaboration with international insurance firms. This was made possible by the Ukraine Recovery and Rec...

Ukraine will establish a $10.1B ‘rainy day fund’, using ERA money.

Ukraine will establish a $10.1B ‘rainy day fund’, using ERA money. Ukraine plans to allocate the external financing received from G7 countries through the ERA mechanism, funded by frozen Russian assets, into three parts. One portion will be designated for financing t...

BGV Group will develop a graphite deposit in the Kirovohrad region for battery production.

BGV Group will develop a graphite deposit in the Kirovohrad region for battery production. Pobuzhzhia Development, part of BGV Group Management, co-owner of the ATB supermarket chain, has signed a memorandum of intent to cooperate with the UkraineInvest state institution, which attracts and...

Monday, March 31

Trump is upset with Putin and threatens sanctions on Russian oil.

Trump is upset with Putin and threatens sanctions on Russian oil. President Donald Trump said he’s “pissed off” at Russian President Vladimir Putin and would consider “secondary tariffs” on Russian oil if a ceasefire with Ukraine cannot be re...

The US is pursuing expansion of its influence in Ukraine through a new mineral agreement.

The US is pursuing expansion of its influence in Ukraine through a new mineral agreement. The administration of US President Donald Trump is demanding a “right of first refusal” on investments in all infrastructure and natural resource projects under a revised partnership agree...

Ukraine balks at signing a reworked mineral deal with the US and will insist on increasing investment volumes.

Ukraine balks at signing a reworked mineral deal with the US and will insist on increasing investment volumes. Senior Ukrainian officials indicate that the new mineral agreement draft proposed by the US has little chance of being finalized in its current state. They argue that the agreement gives the impressio...

Rebuilding Ukraine: What business opportunities does France offer?

Rebuilding Ukraine: What business opportunities does France offer? Since the start of the full-scale war, France has been actively providing Ukraine with not only military and humanitarian support, but also economic assistance. The French Development Agency (AFD) ope...

The World Bank has approved $432M to restore Ukraine’s transport infrastructure.

The World Bank has approved $432M to restore Ukraine’s transport infrastructure. The World Bank’s Board of Directors has authorized a new $432M support package, Delivering Resilient Infrastructure in Vulnerable Environments in Ukraine (DRIVE), aimed at helping the government enhan...

The volume of construction work completed in Ukraine increased by 23% last year, indicating that a restoration to pre-war levels could take four to five years.

The volume of construction work completed in Ukraine increased by 23% last year, indicating that a restoration to pre-war levels could take four to five years. According to the State Statistics Service, the volume of construction work completed in Ukraine in 2024 increased by 23.5% compared to 2023, reaching ₴204.7B ($4.8B). Last year’s figure also sur...

Poland will start providing preferential loans to companies engaged in Ukraine’s reconstruction beginning in April.

Poland will start providing preferential loans to companies engaged in Ukraine’s reconstruction beginning in April. A mechanism for preferential lending to companies involved in reconstruction projects in Ukraine will launch in Poland in April. The initial lending amount is PLN 250M (€60M). Notably, this will be th...

Kovalska plans to launch a gas concrete production plant in the Lviv region this June.

Kovalska plans to launch a gas concrete production plant in the Lviv region this June. Kovalska, an industrial and construction group, intends to establish a gas concrete production facility that will produce blocks and panels, U-blocks, and reinforced products in Rozvadov (Lviv region)...

Friday, March 28

Russia aims to gain control over the Black Sea food corridor, which explains its agreement to a ceasefire.

Russia aims to gain control over the Black Sea food corridor, which explains its agreement to a ceasefire. “A ceasefire in the Black Sea is primarily important for the Russians because they have not effectively controlled the Black Sea food corridor for quite some time. Their Black Sea fleet is eithe...

In the newly proposed mineral agreement, the US aims to gain indefinite control over all of Ukraine’s subsoil without providing any security guarantees.

In the newly proposed mineral agreement, the US aims to gain indefinite control over all of Ukraine’s subsoil without providing any security guarantees. The US has proposed a new, detailed draft of the mineral agreement which allows for US control over all of Ukraine’s subsoil yet makes no mention of security guarantees for Ukraine, said MP Yaro...

The US and sanctions against Russia: Russian banks may be reconnected to SWIFT.

The US and sanctions against Russia: Russian banks may be reconnected to SWIFT. US Treasury Secretary Scott Bessent stated that the potential reconnection of Russian banks to the SWIFT international banking system will depend on future actions by Russian authorities. Commenting o...

Ukraine will require significant amounts of steel for reconstruction and searches for ways to address the deficit.

Ukraine will require significant amounts of steel for reconstruction and searches for ways to address the deficit. After the war, Ukraine will have a substantial demand for steel to rebuild its infrastructure and housing, while the market will encounter challenges – competition from foreign suppliers, the necessit...

A Finnish company invests €7.3M in production and warehouse distribution facilities in the Kyiv region.

A Finnish company invests €7.3M in production and warehouse distribution facilities in the Kyiv region. Finnish fast-food chain Hesburger has opened a burger patty production facility, along with a warehouse and distribution center in Boryspil, Kyiv region. The project’s total investment has reach...

A €110M industrial park for the production of bioethanol and biogas is being constructed in the Ternopil region.

A €110M industrial park for the production of bioethanol and biogas is being constructed in the Ternopil region. The construction of the BIO-LAN industrial park is currently underway in the Lanivtsi urban territorial community of Ternopil. The future park, for which registration documents have already been submi...

During the three years of the war, the combined workforce of the 50 largest Ukrainian IT companies has declined by 20,000 specialists due to relocation abroad.

During the three years of the war, the combined workforce of the 50 largest Ukrainian IT companies has declined by 20,000 specialists due to relocation abroad. IT companies N-IX and Grid Dynamics Group saw a decrease of 50% in their workforces, while EPAM’s workforce was reduced by 31%. The largest exodus of IT specialists from Ukraine occurred in the ...

Thursday, March 27

Southern European countries do not support the EC’s rearmament plan for Europe.

Southern European countries do not support the EC’s rearmament plan for Europe. Several European countries have resisted the European Commission’s initiative to boost defense spending through low-interest loans, fearing it would exacerbate their already significant debt burden. I...

Nearly 62% of Western companies left Russia after the war began, but energy giants are considering a return after sanctions are lifted.

Nearly 62% of Western companies left Russia after the war began, but energy giants are considering a return after sanctions are lifted. Over the three years of Russia’s full-scale war against Ukraine, 62% of companies from “unfriendly” countries have exited Russia, according to Kept, a consulting firm. This total inc...

A Ukrainian furniture supplier for international retailer JYSK is investing in production automation ahead of an €80M deal.

A Ukrainian furniture supplier for international retailer JYSK is investing in production automation ahead of an €80M deal. Furniture manufacturer Accord-Import has invested over €1M in production automation over the past two years. The company is currently constructing a new €13M robotic factory in Khmelnytskyi. This new ...

Wednesday, March 26

A German company becomes the first buyer of electricity origin guarantees in Ukraine, which will aid in the development of renewable energy.

A German company becomes the first buyer of electricity origin guarantees in Ukraine, which will aid in the development of renewable energy. The first corporate sale of electricity guarantees of origin in the renewable energy market has taken place in Ukraine. Knauf Gips Kyiv, a manufacturer of building materials that is part of the German...

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