Ukraine’s subsoil exploitation industry needs $250B in investment to reveal its full potential. The American International Development Finance Corporation (DFC) believes that Ukraine needs to attract $250B in investment to maximize its subsoil use. Attracting investment is necessary to diversify... #DFC #investments #MIningMineralsUkraine #MiningUkraine #NEQSOL #UkraineSubsoil
Polish businesses want protection against Ukrainian steel imports. Polish metallurgical plants fear competition with Ukraine and demand that the domestic market be protected from Ukrainian steel. Polish steel manufacturers hope that Ukraine’s output will mainly... #GreenMetallurgy #MetallurgyUkraine #Poland #PolishBusiness #UkraineSteelExport
The Land Bank reports on the latest auctions in the Volyn, Lviv, and Cherkasy regions: Prices have increased by 600-700%. At the end of last week, the state conducted seven auctions to sublease state agricultural land in the Volyn, Lviv, and Cherkasy regions, with a total area of 670.6 hectares. The Land Bank reports t... #AgroLand #Cherkasy #FarmLandSale #UkraineLandBank #VolynRegion #Львів
The IMF adds more beacons to Ukraine’s updated memorandum. The National Anti-Corruption Bureau audit was postponed from the end of September to the end of January 2025, and changes to the Criminal Procedure Code were delayed from the end of October 2024 to th... #CustomsUkraine #imf #IMFStructuralBeacons #ReformsinUkraine #Ukrenergo
Ukraine will receive about $5B to produce drones; the opening of defense product exports is under consideration. President Volodymyr Zelenskyy said that by the end of the year Ukraine will receive another $4-5B for domestic drone production. Zelenskyy specified that the state spent about ₴120B ($3B) on domestic ... #DefenseIndustryUkraine #DroneProduction #RustemUmerov #UkrainianWeapons #WeaponsExport #Zelenskyy
A Ukrainian online taxi service will continue its expansion to foreign markets. Ukrainian online taxi service Uklon will continue its export direction. It plans to return to Moldova and is studying the markets of Eastern Europe, the company’s co-founder Dmytro Dubrovskyi sa... #BusinessExpansion #DmytroDubrovskyi #investments #Taxi #Uklon #UklonTaxi
The EU’s refusal to buy Russian gas will deprive the aggressor of $6.5B annually. The European Union’s willingness to abandon Russian gas and the cessation of its supply to the EU benefit Ukraine, as it deprives the aggressor country of annual budget revenues of $6.5B, noted ... #Austria #EnergyIndependence #GasTransit #RussianGas #Slovakia #TurkishStream #UkraineGTS
Ukraine has already cleared mines from 35,000 square kilometers of land; economic losses are estimated at $11.2B annually. Currently, 174,000 square kilometers of land in Ukraine have been mined. Since 2022, thanks to the joint efforts of Ukraine and its partners, sappers have surveyed and returned 35,000 square kilometer... #DeminingUkraine #UkraineEconomy #UkrainianSappers #UMAC2024 #WarinUkraine #YuliyaSvyridenko
Ukraine offers new schemes and conditions for supplying the EU’s gas. Ukraine has offered Slovakia and Azerbaijan a new scheme for gas supplies through its territory to the EU. Discussions are centered on the option of storing gas in Ukrainian underground storage facili... #Azerbaijan #GasstorageUkraine #GasTransit #Slovakia #UkraineGTS
The government is not giving up on trying to find an investor for the Bilhorod-Dnistrovskyi Seaport and has announced a new auction. The Bilhorod-Dnistrovskyi seaport in the Odessa region has been put up for auction again, this time on October 31. The starting price is almost ₴178M ($4.32M). The winner must also pay 20% VAT and rep... #Aeroc #BelgorodDniestrovskySeaPort #investments #PrivatizationUkraine #ProstheticFactory #SPFU
Despite the challenges of the war, the size of the average deal in the Ukrainian M&A market continues to grow. According to KPMG, activity in the Ukrainian M&A market has remained stable for the second year in a row, indicating cautious investor confidence despite the ongoing war. In the first nine months ... #ForeignInvestor #investments #MergersAcquisitions #UkraineEconomy #ukrainianbusiness #UkrainianMarket
A Ukrainian household goods market leader has resumed product deliveries to Central Asia. After a long pause, Biosphere Corporation, one of the largest in Ukraine in the household goods market, has relaunched its business in Uzbekistan. In the week since the first shipment, eight of the la... #Biosphere #BusinessDevelopment #HouseholdGoods #Uzbekistan
A Turkish company has acquired a controlling stake in a Ukrainian equipment manufacturer for the oil and gas industry. Dalgakiran Group, a Turkish industrial equipment manufacturer, has acquired a controlling stake in Ukrainian company Sensi, which specializes in producing gas compressors and specialized equipment for... #DalgakiranGroup #investments #MergersAcquisitions #Sensi #TurkishBusiness
Will the FATF decision destroy the aggressor country’s economy? The Financial Action Task Force (FATF) will decide on October 22 whether to add Russia to its blacklist. Publicly, the FATF has stated that it considers Russia’s aggression unacceptable, but in ... #FATF #RussianEconomy #RussianTrade #SanctionsAgainstRussia
What are the operational threats for Ukraine’s metallurgical sector? Metallurgical enterprises in Ukraine are currently faced with three primary risks: the possible loss of coking coal production in Pokrovsk, problems with electricity supplies, and the sea corridor cea... #CokingCoal #MetallurgyUkraine #OleksandrKalenkov #Pokrovsk #Ukrmetallurgprom #Worldsteel
CRH finally acquires a cement producer in Ukraine for €100M. International manufacturer of building materials CRH has officially completed a deal to purchase the assets of Dyckerhoff in Ukraine from Buzzi, an Italian company. The Dyckerhoff group’s total ... #BuzziUnicem #CementProduction #CRH #Dyckerhoff #investments
The 2023 harvest brought 200% more profit to Ukrainian companies. According to Agrohub, the actual EBITDA for the main crops in 2023 is $129 per hectare, while the forecasted values at the beginning of the year were not so optimistic – $94 per hectare. As well, co... #AgroHub #agroUkraine #GrainHarvest #Harvest2024 #Soybeans #UkrainianCorn #Wheat
In Ukraine, visitors to shopping malls are increasing and new facilities are opening. In the first half of the year, the average number of visitors to shopping malls in Ukraine increased by 4% compared to last year. According to UTG, the number of visitors to shopping and entertainment... #CommercialRealEstate #ShoppingMallsUkraine #ShoppingMallTraffic #Uzhhorod
Three industrial parks receive over ₴171M in state funding for infrastructure development. ₴171.4M in state funding within the framework of the Made in Ukraine program has been allocated to three industrial parks. The support will go to the Bila Tserkva 2 (Kyiv region), VinIndustry (Vinnyt... #BilaTserkva #IndustrialPark #InfrastructureDevelopment #investments #kyiv #MadeinUA #Vinnytsia
Domestic investment in Ukrainian enterprises approaches $9.5B. According to Andriy Bukin, Deputy Chairman of the Board of Pivdenny Bank, 72% of these funds were invested by entrepreneurs, 15% was money from state or local budgets, and bank loans account for only ... #BankPivdennyy #BusinessInvestments #CreditPortfolio #investments #UkraineBankingSystem
Europe is not interested in returning Ukrainian refugees to their homeland. Emigration from Ukraine will continue. According to immigration specialist Andriy Haidutskyi, this is influenced by such factors as: High difference in wages. Salaries in Poland are 300% higher, in Br... #MarshallPlan #RepatriationInUkraine #UkraineRefugees #UkrainiansAbroad
Half of the economy, and ₴500B in taxes, are in the shadows, said the head of the Parliamentary Finance Committee, Danylo Hetmantsev. However, he specified that after measures taken by the state, this amount will decrease to ₴420-430B ($10B). At the same time, ... #DanyloHetmantsev #EuropeanIntegration #ShadowEconomy #TaxesUkraine #UkraineEconomy
Ukraine exports about 40 million tons of grain this season, and the shipment rate has increased by 100%. Deputy Minister of Agrarian Policy Taras Vysotskyi stated: “Due to difficult climate conditions, this year’s harvest is somewhat smaller than last year’s. Also, there are no transiti... #agroexportukraine #BorderBlockade #TarasVysotskyi #UkrainePolandCheckpoints #Ukrainiangrain
Ukraine will sell confiscated Russian construction material factories. The Cabinet of Ministers have allowed the State Property Fund (SPFU) to auction the state’s ownership Aeroc, an aerated concrete production enterprise seized in 2022 from Russian Andrey Molchano... #AeratedConcreteBlocks #Aeroc #AndreyMolchanov #Nationalization #PrivatizationUkraine #RussianOligarchs #SPFU
For the first time since the beginning of the war, foreign investors have bought a Ukrainian cloud software company. The Polish ASEE Group, part of the Asseco Group, acquired Ukrainian company Askep.net, a leading provider of healthcare software. This is the first M&A deal with a Ukrainian SaaS company since the... #ASEEGroup #Askep.net #investments #MedicalStartup #MergersAcquisitions #SaaScompany
Despite sanctions, the volume of Russia’s shadow fleet has increased by 70% in one year. According to KSE analyses, Moscow has increased the volume of its shadow fleet of oil tankers by almost 70% despite restrictions targeting insurers and shipping companies. The volume of Russian oil tr... #OilTankers #RussianOil #SanctionsAgainstRussia #ShadowFleetRussia
The shortage of new workers in Ukraine will reach 5-10 million people by 2030: Experts advise how to overcome this challenge. According to the director of the USAID mission in Ukraine, Theodora Dell, human resources can be gathered from the country’s own potential. “Currently, the employment rate in Ukraine is 52... #EmployeeDeficit #JobInUkraine #LaborMarketUkraine #UkraineEconomy #USAID
The tax increase will bring a corresponding increase in Ukraine’s shadow economy. Because of the retrospective increase in taxes from October 1, businesses are transferring their workers to the shadow employment sector. This will increase the shadow economy by 10 percentage points,... #ShadowEconomy #TaxesUkraine #TaxIncrease #UkraineBudgetDeficit #UkraineEconomy
In September, prices for goods and services in Ukraine rose faster than the National Bank’s forecast. Consumer inflation accelerated to 8.6% year-on-year in September against 7.5% in August. “The actual pace of price growth was higher than the forecast published in the Inflation Report for July ... #InflationinUkraine #nbu #pricesinUkraine #UkraineEconomicForecast #UkraineEconomy
Increased Russian attacks on Ukraine’s seaports spur rising costs for ship insurance. The cost of insurance for ships passing through the Ukrainian Black Sea export corridor has increased significantly during the last week due to increased Russian attacks. The insurance price exceeds 1... #RussianAttackonUkraine #UkraineMaritimeCorridor #UkraineSeaPorts #UkrainianShipInsurance #WarinUkraine
Analysts summarize September’s results for Ukraine’s real estate market. According to the experts, two new buildings in the Lviv region and one in the Kyiv region were commissioned in September. The average cost per square meter in dollar equivalent increased by 1-6%, depe... #HousingSales #kyiv #PrimaryHousing #RealEstateUkraine #SecondaryMarket #Львів
The Ukrainian Parliament approved a record tax increase. On October 10, the Verkhovna Rada adopted draft law No. 11416-d, enacting a historic tax increase. The document provides for: An increase in the military levy from 1.5% to 5%, except for the military ... #ReformsinUkraine #TaxesUkraine #TaxIncrease #UkrainianParliament
Russia continues to bombard the Ukrainian sea corridor, and Ukraine continues to increase its grain exports. On October 9, Russia struck the port infrastructure in the Odesa region with ballistic missiles, damaging a civilian container ship, Shui Spirit, sailing under the Panamanian flag. This is the third f... #agroexportukraine #OdesaSeaport #RussianAggression #RussianAtackOnUkraine #UkraineSeaPorts
Polish businesses sign agreements to rebuild Ukraine at the Common Future Congress on the Reconstruction of Ukraine in Poland. Several agreements were signed by the Ministry of Funds and Regional Policy of Poland and BGK, a Polish state development bank, which provide for the establishment of a PLN 250M ($65M) special fund to... #BGK #CommonFuture #KredoBank #PrivatBank #UkraineFacility #UkraineReconstruction
The Ukrainian government has approved contracts under which €95M will be invested in the Ukrainian economy. The Cabinet of Ministers has approved investment contracts regarding significant financial infusions into the Ukrainian economy, bringing about €95M in investment. Ukrainian legislation provides that ... #Astarta #ForeignInvestor #InvestmentNannies #investments #Kovalska #Буковель
WTW sees new market opportunities and offers insurance policies for organizations planning to operate in Ukraine. Foreign and local companies in Ukraine have adjusted to the new realities and continued to work and try to expand their operations during the war. Moreover, many companies are considering entering the... #ForeignCompanies #InsuranceUkraine #UkrainianMarket #WillisTowersWatson #WTW
The Azerbaijani owner of Vodafone Ukraine has purchased the United Mining and Chemical Company for almost ₴4B. The State Property Fund (SPFU) sold 100% of the United Mining and Chemical Company’s shares to the Cemin Ukraine firm, which offered ₴3.94B ($96M) for the state asset that the SPFU had tried to ... #Azerbaijan #CeminUkraine #investments #NEQSOL #PrivatizationUkraine #SPFU #UMCC #vodafone
Banks in Ukraine predict the growth of business lending in Ukraine. Commercial interest rates will no longer decrease, but this will not stop growth in lending, industry representatives shared. In particular, Sense Bank plans for their loan portfolio to grow by 150% t... #LoanPortfolio #LoansforBusiness #PiraeusBank #SenseBank #Taskombank #UkrainianBanks
Ukrainian startups have a better price-quality ratio than their American counterparts. Civitta’s report notes that the Ukrainian startup ecosystem is showing stable and rapid growth despite difficult conditions. From 2013 to 2023, IT’s contribution to GDP increased by 470%. ... #Creatio #GitLab #Grammarly #ITsectorinUkraine #ITstartups #UkrainianITcompany
Ukraine is getting closer to lifting the ban on arms exports to support the defense industry. Ukraine’s military urgently needs more surveillance, strike, and combat drones, but due to limited government resources drone manufacturers are looking for opportunities to export their products abroa... #DefenseIndustryUkraine #UkrainianWeapons #Ukrspecssystems #WeaponsExport #WeaponsProduction
In September, Ukraine received only €10M in foreign aid. How was the budget affected? In September, Ukraine received the smallest amount of aid from its international partners since the full-scale war began, a €10M loan from the EBRD, after significant receipts in August ($8.5B). Befor... #ebrd #financialaidforUkraine #UkraineBudget2024 #UkraineBudgetDeficit #worldbank
A Ukrainian company is investing ₴1B in the launch of a powerful meat processing hub in the Khmelnytskyi region. The Vitagro group of companies, with assets in the agricultural, energy, processing, construction, and chemical industries, said that investors will create enterprises for pork and chicken processing,... #FoodProcessing #FutureIndustryHub #investments #Khmelnitsky #MeatProcessingPlant #VitagroGroup
In one of Ukraine’s regions, land prices have risen to record levels during the war. Land prices have always depended not only on its quality but also on the plot’s geographical location. Before the war, the most expensive land in Ukraine was in the central region. However, with... #AgroLand #FarmLandSale #IvanoFrankivsk #kyiv #LandMarketUkraine #Poltava
Japan opened a credit line of up to $150M to reconstruct Ukraine. The Black Sea Trade and Development Bank (BSTDB) received a credit line from the Japan Bank for International Cooperation (JBIC) for up to $150M to finance Ukraine’s reconstruction. These funds ... #BSTDB #Japan #JBIC #UkraineReconstruction
In the first half of the year, almost $3B in foreign direct investment came into Ukraine. As reported by the parliament’s financial committee, in the first half of 2024 $2.96B in foreign direct investment (FDI) entered Ukraine. 74% of FDI inflow continues to create reinvested income ... #ForeignDirectInvestment #ForeignInvestor #investments #ITukraine #MiningIndustry #ProcessingIndustry
This year, deposits in Ukraine are growing faster than loans, and bankers note growing saving accounts and confidence in banks on the part of Ukrainians. Commenting on the latest financial trends in Ukraine during the recent War & Business conference, the chairman of the board of Piraeus Bank in Ukraine, Yannis Kyriakopoulos, noted that currently, ... #AndrewPryma #PiraeusBank #UBNnetwork #UkraineBusinessNetwork #War&Business #WarandBusiness #YannisKyriakopoulos
In September, Ukraine’s international reserves decreased by 8.1% to $38.9B. As noted by the National Bank, this dynamic results from the NBU’s currency interventions to cover the structural currency deficit on the market and smooth out exchange rate fluctuations, as wel... #Creditors #financeUkraine #internationalReserves #nbu #OVDP #UkraineDebtRepayment #worldbank
The Ministry of Finance explains the importance of the historic tax increase. All the tax revenue in the state budget is directed to the security and defense sector, but even that is not enough. The Ministry of Finance noted that the balance is covered through other sources, in... #BudgetDeficit #DefenseSpending #TaxesUkraine #UkraineBudget2024 #UkraineEconomy
The oldest design institute in Kharkiv was sold to an investor, and the building can now become an office building or shopping center. On October 4, Kharkiv private enterprise Aktyvur1001 won the privatization auction, acquiring 100% of the authorized capital shares of Vazhpromelektroproekt. Six parties participated in the bidding, d... #Aktyvur1001 #investments #Kharkiv #PrivatizationUkraine #SPFU #Vazhpromelektroproekt
Price increases accelerated in August: The NBU explains why. According to the National Bank, in August consumer inflation accelerated to 7.5% in annual terms (from 5.4% in July), as was expected. At the same time, core inflation increased more significantly tha... #FoodPrices #FuelPricesUkraine #InflationinUkraine #nbu #pricesinUkraine #UkraineEconomy
