Inflation in August fell to 10% for the first time since June 2021. According to the schedule published by the National Bank, inflation slowed to approximately 10% in August. The last time annual inflation in Ukraine was observed below 10% was in June 2021 (9.5%). In ... #FoodPriceUkraine #InflationinUkraine #nbu #UkraineEconomy
The government has presented the needs and priorities of economic recovery within the Ukraine Facility program. As noted by the Ministry of Economy, the Ukraine Facility program will become the foundation for Ukraine’s recovery and European integration and ensure the state’s internal transformation,... #EUprogramForUkraine #OleksiySobolev #UkraineFacility #UkraineReconstruction #UkraineRecovery
Turkey needs a grain agreement for its interests, but the corridor can work without Russia. According to the Ambassador of Ukraine to Turkey, “Turkey primarily defends its interests, as it is also interested in grain, greater stability in the Black Sea region, and the realization of its econ... #agroexportukraine #blacksea #GrainAgreement #GrainCorridors #VasylBodnar
Five waste recycling clusters are planned to be opened in the west of Ukraine. Experts from the international technical assistance project, APENA3, presented the project as part of the Transcarpathian regional waste management plan. Deputy Minister of Ecology Viktoriya Kireeva s... #investments #WasteProcessingPlant #WasteRecycling #WasteSorting
The global economy suffers from the war in Ukraine and the pandemic. The global economy has demonstrated resilience to a few negative shocks — pandemics, wars, climate events, and the cost-of-living crisis. The recovery from these shocks continues slowly and unevenly, ... #GlobalEconomy #GlobalPandemic #imf #KristalinaGeorgieva #WarinUkraine
UZ has increased the volume of freight transportation by 14% in a month. In August, Ukrainian Railways (UZ) transported 12.27 million tons of cargo, which is 13.8% more than in August 2022, despite the drop in export shipments due to the end of the grain agreement. Accordi... #FreightTransportationUZ #UkraineImport #UkrainianRailways #YevhenLyashchenko #ВідвантаженнятоварівУкраїна
Foreigners can open a business and pay taxes in Ukraine online. As the Ministry of Digitization reported, the government adopted a resolution that defines the mechanism for a foreigner to obtain e-resident status online. The tool for paying taxes and reporting for... #ElectronicResidents #foreignersInUkraine #Taxes #бізнесвУкраїні
Trade volumes in Russia have returned to the pre-war level. As the EP writes, Western sanctions have not caused significant damage to Russian trade. The indicators for exports and imports by the Russian Federation returned to the 2021 level. In 2022, prior to ... #Russiaexport #RussiaImport #RussianEconomy #RussianTrade #SanctionsAgainstRussia
More Ukrainians are willing to stay abroad, causing a 7% GDP drop. The situation with Ukrainian refugees is not improving. According to the Center for Economic Strategy, a more active state policy for the return of citizens is needed. Between 1.3 million and 3.3 mill... #GDPinUkraine #RefugeesFromUkraine #RepatriationInUkraine #UkraineEconomy #UkrainiansAbroad
The Ukrainian agricultural sector risks losing $3-4B annually due to insufficient export volumes. Currently, Ukraine exports about three million tons of grain per month. If this indicator is not increased to 5.5-6 million tons, the domestic agricultural sector may lose $3-4B per year, the Parliame... #agroexportukraine #agroUkraine #DmytroSolomchuk #FarmersUkraine #Ukrainiangrain
Putin discussed an agreement on the gas hub in Turkey and put forward the conditions for renewing the grain agreement. Russia is close to a deal with Turkey that will create a natural gas trading center, Putin said in Sochi during talks with Turkish President Recep Tayyip Erdogan. According to Putin, the gas hub in Tu... #GasHubInTurkey #GrainAgreement #Putin #RecepTayyipErdoğan #TurkeyandRussia
Despite the war, the number of entrepreneurs in Ukraine is growing. According to Opendatabot, the current number of small and medium-sized businesses surpasses pre-war numbers. The highest rate over the past three years was recorded in June 2023, when 31,477 new FOPs ... #entrepreneursUkraine #FOPukraine #бізнесвУкраїні
Last year, Auchan Ukraine’s income shrank by a quarter. Auchan Ukraine’s revenue in 2022, including three closed hypermarkets, amounted to UAH 10.7B, which is 26.3% lower than 2021’s results, the company reported. Auchan Ukraine’s losses ... #Auchan #AuchanUkraine #BusinessInvestments #retailUkraine #YvesClaude
The EU and Germany have prepared three grant packages for Ukrainian businesses. The European Union and the German government announced three waves of grants for micro, small, and medium-sized businesses through the EU4Business program on a joint initiative. In particular, the Big... #EU4Business #Grants #GrantsForBusiness #SupportBusiness #UkrainianEnterprises
Previously trapped in Ukrainian ports, two more ships have left through the temporary sea corridor. As the Ministry of Infrastructure reported, the bulk carriers Anna-Theresa (Liberia flag) and Ocean Courtesy (Marshall Islands) departed from the Southern port in the direction of the Bosphorus. On bo... #BlackSeaCorridor #PivdennyiSeaPort #SeaPortsUkraine #ВідвантаженнятоварівУкраїна
In August, privatization participants invested UAH 92M in state-held assets. In August, winning bids at privatization auctions from the State Property Fund of Ukraine reached UAH 92.1M. The final selling price of the assets exceeded the starting price by more than 2.5 times. I... #PrivatizationAuctions #PrivatizationUkraine #StateAssets #StatePropertyFund
Car sales reached a 20-month record for buying new cars. In August, Ukrainians purchased more than 5,800 new passenger cars, almost twice as many as in August last year, according to Ukrautoprom data. Compared to July, consumer activity increased by 9%. In ... #CarMarket #carsalesUkraine #NewCarSalesUkraine #Ukravtoprom
Ukraine has fulfilled another IMF beacon: a reformed GTS Operator. The President of Ukraine, Volodymyr Zelenskyy, signed a law that optimizes the structure of the Gas Transport System Operator of Ukraine (OGTSU). These measures are provided for in a memorandum with t... #IMFStructuralBeacons #ReformsinUkraine #UkrainianGTS #Zelenskyy
The Ukrainian economy is recovering faster than the NBU forecast. The absence of power outages and the further improvement of supply routes, including through the western borders, all have contributed to the Ukrainian economy’s growth, the National Bank of Ukr... #GDPinUkraine #nbu #UkraineEconomy
Ukrainian Epicentr, together with a partner, has invested €1.7M in a Polish store chain. Epicentr K and its partner, Cypriot Paravita Holding Limited, have already invested €1.68M in the Polish chain of sporting goods stores, INTERSPORT Polska S. A., within the framework of the €10M April... #Epicentrinvests #EpicentrK #INTERSPORT
Compensation for the transit of Ukrainian grain to Baltic ports will cost €600M: conditions have been put forward. The European Commission still does not have a clear decision on whether the grain embargo on several Ukrainian agricultural products will continue, European Commissioner for Agriculture Janusz Wojciec... #agroexportukraine #GrainEmbargo #JanuszWojciechowski #UkrainianGrainTransit
The US is working with Romania and Moldova to increase Ukrainian grain exports across the Danube. According to a high-ranking official of the US State Department, “We are keen to support alternative routes: especially the Danube route. It remains in NATO territorial waters. So, it is very at... #agroexportukraine #DanubePorts #Ukrainiangrain
Lviv allocates UAH 17M to create processing enterprises. Local communities have begun to participate in co-financing of a state grant program to stimulate processing enterprises’ development. The city government of Lviv has allocated UAH 17M for compe... #BusinessInvestments #GrantsForBusiness #ProcessingPlantUkraine #бізнесвУкраїні
The Netherlands will subsidize Ukraine’s reconstruction. The Dutch government has opened a grant program for both Dutch and international companies as well as public associations. This applies to those organizations that want to restore Ukraine, the Netherl... #InvestmentsinUkraine #NetherlandsAid #UkraineReconstruction #UkraineRecovery
Ukrainian barley will be exported through Romania, and Lithuania wants financial support from the EU to transport grain through its ports. Due to the increased freight costs and the threat of Russian attacks on the Danube port infrastructure, the Ukrainian barley export market is shifting to road and rail logistics, agricultural market p... #agroexportukraine #MariusSkuodis #UkrainianGrainTransit
The State Property Fund of Ukraine is preparing to resume large-scale privatization. The agency is ready to offer several assets to buyers, said the head of the SPFU, Rustem Umerov. Among them are the Odesa Port Plant, Centernergo, the United Mining and Chemical Company, the stateR... #DemurinskyMiningPlant #OceanPlaza #OdesaPortPlant #PrivatizationUkraine #RustemUmerov #StatePropertyFund
Ukraine has nationalized one of Europe’s largest engine factories. According to the SBU, the nationalization of 100% of the authorized capital of Motordetal-Konotop in the Sumy Region is complete. This enterprise produces cylinder liners for engines. The enterprise c... #anti_Russiansanctions #MotordetalKonotop #Nationalization #SerhiyKalashnyk
The United Mining and Chemical Company wants to absorb the nationalized Demurinsky mining and processing plant. The UMCC is negotiating with the State Property Fund regarding the possibility of merging with the previously nationalized Demurinsky GZK, said the deputy chairman of the board of UMCC, Dimitri Kaland... #DemurinskyMiningPlant #MiningTitaniumUkraine #StatePropertyFund #UMCC
Not only imports: the transit of Ukrainian grain through Poland is at risk due to a lack of warehouses. As the State Secretary for Development of Cooperation with Ukraine, Jadwiga Emilewicz, reported, US President Joe Biden has not yet fulfilled his promise to build granaries along the Ukrainian-Polish ... #agroexportukraine #JadwigaEmilewicz #Ukrainiangrain #UkrainianGrainTransit
Long-term support for Ukraine’s defense capability and EU access guarantees sustainable long-term business planning. “The issue of security guarantees and long-term support for Ukraine’s defense capability is crucial for business in terms of capabilities and long-term planning. And, of course, all these security gua... #AssociationwithEU #AssociationwithNATO #OlgaStefanishyna #SupportUkraine #бізнесвУкраїні
A Ukrainian pipe and railway wheel manufacturer is resuming efforts on several investment projects. Andriy Korotkov, CEO of Interpipe, said that since the beginning of the war the company was forced to halt all major investment projects. The largest of them is the construction of a new section of he... #AndriyKorotkov #Interpipe #Interpipeinvestment
Romania aims to double the export of Ukrainian grain via alternative routes. Romania will double the capacity of its main Black Sea port of Constanţa and the shipping lanes on the Danube for two months to help Ukraine transport its grain, Romanian Prime Minister Marcel Ciolacu... #agroexportukraine #ConstantaPort #MarcelCiolacu #UkrainianGrainTransit
Ukrainian pipe giant Interpipe’s capacities are at 60-70% of pre-war indicators, but production is increasing. The company expects to maintain this level until the end of 2023, said the company’s CEO, Andriy Korotkov. He specified that the situation with unloading in the pipeline and railway divisions is... #AndriyKorotkov #Interpipe
After the resumption of privatization in September 2022, UAH 5B have been produced for the budget. With almost a year of small privatization operations, the budget has received more than UAH 3.8B in revenues from open auctions. Considering the taxes paid and the repayment of debts, the total amount... #PrivatizationUkraine #StatePropertyFund #UkraineBudget
Ukraine and the EU have passed the second preparation stage for the five-year, €50B program. According to the Minister of Economy, Yulia Svyridenko, at the previous meeting the parties agreed on the structure and distribution of topics. This time, attention was focused on the form in which th... #EUfinancialAid #EUprogramForUkraine #UkraineFacility #YuliyaSvyridenko
The US demands Ukraine strengthen the fight against corruption to receive further financial support. The State Budget of Ukraine receives approximately $1.5B from the US monthly, and certain conditions have been put forward to continue this funding. According to RBC-Ukraine, there was an informal con... #CorruptionUkraine #SAPO #UkraineFightingCorruption #USfinancionaidforUkraine
The second ship has left the port of Odesa after the termination of the grain corridor. On the morning of August 26, the Liberian-flagged bulk carrier, Primus, finally left the port of Odesa. The ship is moving in the direction of the Bulgarian port of Varna. During its forced stay in Od... #agroexportukraine #BlackSeaBlockage #GrainCorridors #OdesaSeaport
The Ukrainian Parliament has proposed a new tax for banks, providing UAH 10B to the budget. The parliament’s tax committee is preparing a draft law that allows for additional taxation of net interest income or excess bank profits. “Most likely, the new law will come into effect i... #DanyloHetmantsev #ReformsinUkraine #TaxesinUkraine #UkraineBanksProfits
Ukrainians are leaving Poland due to work dissatisfaction. Some people have returned to Ukraine, and some are moving to other EU countries, writes Rzeczpospolita. Labor market expert Hanna Sudolska emphasized the changing dynamics in the European labor market... #RefugeesFromUkraine #ukrainiansinpoland #WorkForRefugees
Ukrainian and Canadian companies will jointly design a titanium plant in the US. As reported by the Ukrainian titanium ore mining company Velta, an agreement has been concluded with the international consulting company, Hatch, to design a titanium powder production plant in the US... #Hatch #TitaniumPlant #Titaniumproduction #Velta
Ukraine produced 3.4 million tons of cast iron and improved in the world rankings. Ukraine’s iron production rose from the seventeenth to the sixteenth position in the global ranking of 40 iron-producing countries, according to Worldsteel. Since the beginning of the year, thes... #CastIronUkraine #MetallurgiaUkraine #SteelProductionUkraine #Worldsteel
The largest shopping center will be opened in Ukraine since the war began. On August 25 in Ivano-Frankivsk, the second stage of the Veles shopping center is scheduled to open. The center’s total area is 43,000 square meters, with 25,000 square meters of leasable space,... #ShoppingCentersUkraine #Veles
The processing industry has become the leading budget contributor. Through the first seven months of the year, the industry paid 17.1% of taxes and fees collected from enterprises across all sectors, the Tax Service reported. Also, processing companies showed the hig... #DanyloHetmantsev #GamblingBusinessInUkraine #TaxesToTheBudget #TaxesUkraine
A Turkish company, Onur, has purchased a granite mine in the Rivne region. The Onur group bought the Rokytnivsky special quarry, which mines granite, granodiorite, and gabbro-diabase, according to YouControl data. In May 2023, Onur Construction International became the sole ... #GraniteMining #MIningMineralsUkraine #OnurGroup #RokytnivskySpecialQuarry
An American investment company became a new shareholder of the largest IT company in Ukraine. AllianceBernstein acquired 6.1% of EPAM Systems’ shares, according to data from the website of the US Securities and Exchange Commission. Based on quotes for EPAM Systems, the market value of th... #AllianceBernstein #EPAM #UkrainianITcompany
Small and medium-sized businesses are recovering in Ukraine: 52% of enterprises are operating fully. As of the third quarter, another 41% of entrepreneurs are working with restrictions, and only 7% are not working, according to an EBA survey. Small businesses are also gradually restoring and increasi... #BusinessduringWar #EBA #UkraineEconomy #бізнесвУкраїні
Ukraine will develop fast logistics in the Western direction. As Prime Minister Denys Shmyhal stated, the government has set three essential tasks to improve operations on the Ukrainian-European border. The first is the development of border infrastructure. In p... #BorderInfrastructure #CustomsVisaFree #DenysShmyhal #UkraineEUcheckpoint
Ukraine works on insurance for grain carriers with global insurers: the country will try to free its ports. According to the Deputy Minister of Economy of Ukraine, Oleksandr Hryban, Ukraine is finalizing a scheme with global insurers to insure grain ships heading to and from Ukrainian Black Sea ports. The s... #agroexportukraine #GrainCorridors #MilitaryRiskInsurance #OleksandrHryban #UkrainianShipInsurance
Ukrainians can control state spending on the construction and reconstruction of Ukraine. The government will be publishing information on estimated documentation on the Unified State Electronic System’s portal regarding construction, Minister of Infrastructure Oleksandr Kubrakov sai... #ConstructionUkraine #MustafaNayem #OleksandrKubrakov
The European Commission will subsidize the transportation of Ukrainian food but will extend the embargo. As Bloomberg writes, this issue is being discussed in meetings of representatives from Poland, Hungary, Slovakia, Romania, and Bulgaria, and executives from the EU and Ukraine. The approximate cost of... #agroexportukraine #GrainEmbargo #JanuszWojciechowski
