Economy

Friday, July 11

Trump is prepared to approve new sanctions against Russia but demands greater authority to lift them.

Trump is prepared to approve new sanctions against Russia but demands greater authority to lift them. US President Donald Trump is ready to sign a sanctions bill targeting Russia. However, he will only do so if the bill is amended to grant him more control. The current bill allows the president to lif...

Kellogg: International partners should help Ukraine in rebuilding with a new Marshall Plan.

Kellogg: International partners should help Ukraine in rebuilding with a new Marshall Plan. During a discussion organized by the Yalta European Strategy (YES) on the eve of URC2025, US Special Envoy Keith Kellogg recalled how, after World War II, the US launched the Marshall Plan for Europe....

EFI Group has secured equipment suppliers for Ukraine’s first float glass plant.

EFI Group has secured equipment suppliers for Ukraine’s first float glass plant. The investor has signed an agreement with European equipment providers for the construction of NovaSklo, Ukraine’s inaugural float glass facility, which is planned to start operations by 2028 with an ...

Thursday, July 10

UZ demonstrates steady passenger transportation recovery despite ongoing unprofitability and plans to pay interest on its Eurobonds.

UZ demonstrates steady passenger transportation recovery despite ongoing unprofitability and plans to pay interest on its Eurobonds. Despite the war, persistent shelling of infrastructure, and risks to staff, UZ has shown consistent growth in passenger numbers. Last year, 65.7 million people traveled by train, one million more than...

Businesses in Ukraine have lost faith in the war’s end in 2025 but remain optimistic about their prospects.

Businesses in Ukraine have lost faith in the war’s end in 2025 but remain optimistic about their prospects. According to an AmCham survey, 70% of surveyed Ukrainian companies do not expect a ceasefire or significant de-escalation of the war in 2025. At the same time, over the next three years 53% of respond...

Housing construction costs in Ukraine have increased by 10-30% during the war, with end consumers comprising the majority of buyers.

Housing construction costs in Ukraine have increased by 10-30% during the war, with end consumers comprising the majority of buyers. Arseniy Nasikovsky, a partner at the DIM group of companies, mentioned during a business summit in Lviv that in Kyiv investor interest in the primary housing market has declined. Before the full-scale...

A Ukrainian titanium company plans to invest nearly $600M in three mining projects.

A Ukrainian titanium company plans to invest nearly $600M in three mining projects. Ukrainian mining firm Velta Holding, which specializes in extracting and processing titanium ores, plans to invest $586M in three projects. The first project, CRM Cluster (Critical Raw Materials Clust...

Estonia threatens to block the new EU sanctions package if it doesn’t include a reduction in the Russian oil price ceiling.

Estonia threatens to block the new EU sanctions package if it doesn’t include a reduction in the Russian oil price ceiling. The country is considering vetoing the 18th EU sanctions package against Russia in order to pressure other member states to lower the maximum price for Russian oil. The Estonian foreign ministry belie...

Wednesday, July 9

The US and the EU are preparing severe sanctions against Russia.

The US and the EU are preparing severe sanctions against Russia. The US Senate will consider a bill that would allow President Donald Trump to impose 500% tariffs on countries that buy Russian goods, Republican Senator Lindsey Graham said. However, Ukrainian Presid...

Despite a 70% rise in construction costs, investment in Ukraine’s housing sector is forecasted to grow by 15% annually.

Despite a 70% rise in construction costs, investment in Ukraine’s housing sector is forecasted to grow by 15% annually. Andriy Ozeychuk, head of the Rauta engineering and construction firm, noted that construction costs in Ukraine have increased by 70% since the full-scale war commenced. In 2024, expenses for building ...

What projects has Ukraine proposed to the US as part of the mineral agreement?

What projects has Ukraine proposed to the US as part of the mineral agreement? Ukrainian Economy Minister Yulia Svyrydenko said that after signing the mineral deal with the US her department is working with US Treasury Secretary Scott Bessent and the International Development Fi...

Switzerland allocates over $6B for Ukraine’s reconstruction.

Switzerland allocates over $6B for Ukraine’s reconstruction. Ukrainian President Volodymyr Zelenskyy announced that Switzerland plans to allocate CHF 5B (approximately $6.2B) to rebuild Ukraine. “We have many promising projects in the humanitarian sphere,...

The largest defense company in the Czech Republic will begin producing shells in Ukraine.

The largest defense company in the Czech Republic will begin producing shells in Ukraine. Excalibur Army, part of the Czechoslovak Group holding, has opened a representative office in Ukraine and is preparing to begin ammunition production in the country. This move will help boost producti...

Tuesday, July 8

At URC2025, Ukraine will present defense projects for the first time and detail plans to secure funding.

At URC2025, Ukraine will present defense projects for the first time and detail plans to secure funding. “We anticipate the signing of defense sector agreements with Ukrainian and international partners in production, innovation, and technology,” according to the Ministry of Economy. The team...

The EBRD will launch several key Ukrainian support projects at the Ukraine Recovery Conference in Rome.

The EBRD will launch several key Ukrainian support projects at the Ukraine Recovery Conference in Rome. The EBRD announced a large-scale package of projects to be launched at the Recovery Conference in Rome on July 10-11. The bank will reveal the creation of the Ukraine FIRST fund, which will manage a u...

Inflation in Ukraine has started to slow, but it is eroding more than 50% of salary growth.

Inflation in Ukraine has started to slow, but it is eroding more than 50% of salary growth. Inflation peaked in May 2025 and began to decline in June, according to the NBU’s Macroeconomic and Monetary Review. In May, consumer inflation accelerated to 15.9% annually due to a larger-than...

The Kremlin remains dominant in the global nuclear fuel and technology market.

The Kremlin remains dominant in the global nuclear fuel and technology market. According to The Economist, Russia’s state-owned enterprise Rosatom controls about 65% of the global market for nuclear reactors used in power plants. Russia also leads in enriched uranium, hold...

Processing enterprises will be able to receive grants to restore facilities damaged by Russian attacks.

Processing enterprises will be able to receive grants to restore facilities damaged by Russian attacks. The Cabinet of Ministers approved a new procedure for implementing the Grants for Processing Enterprises program, introducing a new direction. Now, processing enterprises affected by Russian aggressio...

Nestlé has launched vermicelli production in Volyn with a $50M investment, with 75% of production planned for export to the EU.

Nestlé has launched vermicelli production in Volyn with a $50M investment, with 75% of production planned for export to the EU. In the village of Smolyhiv, Volyn region, the Swiss multinational conglomerate has established a new factory, completing an investment project. The first production line became operational after two y...

Transcarpathia is emerging as a new commercial hub in Western Ukraine.

Transcarpathia is emerging as a new commercial hub in Western Ukraine. With the start of the full-scale war, Transcarpathia has become a key point for internal migration. Uzhhorod, owing to its proximity to EU countries and developed infrastructure, has become a center o...

Ukraine is facing its largest housing shortage in history, leading to significant changes in the eOselya state preferential mortgage program.

Ukraine is facing its largest housing shortage in history, leading to significant changes in the eOselya state preferential mortgage program. Over the next five years, the Ukrainian Financial Housing Company (Ukrfinzhytlo), which ensures the functioning of the mortgage lending market in Ukraine and introduces financial and credit mechanisms...

Several EU retailers plan to enter the Ukrainian market.

Several EU retailers plan to enter the Ukrainian market. Serhiy Kolesnyk, co-owner of the popular Polish retail chain Best Market, announced his intention to expand into Ukraine if the military situation stabilizes. The chain is currently developing the Bes...

Monday, July 7

BlackRock has halted the development of the Ukraine recovery fund after Trump’s election.

BlackRock has halted the development of the Ukraine recovery fund after Trump’s election. BlackRock suspended work on establishing a multibillion-dollar fund for Ukraine’s post-war reconstruction after Donald Trump became the US President in November 2024. The pro bono advisory work ...

Russia is expanding its shadow fleet, but sanctions against the aggressor are slowing it down.

Russia is expanding its shadow fleet, but sanctions against the aggressor are slowing it down. The number of tankers in Russia’s shadow fleet has increased from fewer than 100 in early 2022 to about 300-600 in early 2025, depending on the classification method, according to a report by Dr...

Ukraine’s European partners are prepared to invest $400M in a municipal rental housing project.

Ukraine’s European partners are prepared to invest $400M in a municipal rental housing project. The projects include building rental housing in the first 10 pilot regions, said Minister of Community and Territorial Development Oleksiy Kuleba. “We are negotiating this matter with the Europe...

The Ministry of Economy has announced the figures of the new trade deal with the EU.

The Ministry of Economy has announced the figures of the new trade deal with the EU. Ukraine has agreed with the EU to renew its free trade agreement, which allows the trade volumes achieved during the period of autonomous trade preferences to be maintained. The parties agreed to incr...

South Korea is prepared to participate in the planning of industrial parks in Ukraine and is launching a new $10M partnership program.

South Korea is prepared to participate in the planning of industrial parks in Ukraine and is launching a new $10M partnership program. The South Korean state corporation Overseas Infrastructure and Urban Development (KIND) is ready to collaborate on master planning for Ukrainian industrial parks and work to reduce risks for investors...

Ukraine’s GDP could drop by 22% if it suffers a military defeat and fails to join the EU.

Ukraine’s GDP could drop by 22% if it suffers a military defeat and fails to join the EU. An unprofitable truce for Ukraine would mean becoming dependent on Russia, which would ruin hopes for major reconstruction, a strong economic future, and full national sovereignty. Experts from the Po...

Friday, July 4

Over the coming year and a half, Ukraine aims to initiate at least three pilot projects under the subsoil agreement with the US.

Over the coming year and a half, Ukraine aims to initiate at least three pilot projects under the subsoil agreement with the US. Following a meeting between President Zelenskyy and the American Chamber of Commerce in Ukraine, Economy Minister Yulia Svyrydenko mentioned that the Dobra lithium site in the Kirovohrad region might ...

A German-funded preferential mortgage loan program for internally displaced persons in Ukraine has issued more than 1,000 loans.

A German-funded preferential mortgage loan program for internally displaced persons in Ukraine has issued more than 1,000 loans. Throughout the two phases of the Housing for Internally Displaced Persons program, a total of 1,053 loans has been provided. The German government contributed €42.5M in funding and has untilized it co...

The Ukrainian defense sector can produce up to 10 million UAVs each year; more partners have joined the drone coalition.

The Ukrainian defense sector can produce up to 10 million UAVs each year; more partners have joined the drone coalition. Rustem Umerov, head of the Ministry of Defense, discussed expanding cooperation between Ukraine’s defense industry and international partners with representatives from over 20 German defense com...

A Vinnytsia-based plant, confiscated from a Russian, will be auctioned alongside Europe’s oldest plumbing plants.

A Vinnytsia-based plant, confiscated from a Russian, will be auctioned alongside Europe’s oldest plumbing plants. An online auction to privatize the state-owned stake (100% of the authorized capital) of the Vinnytsia-based Vinnytsiapobuthim enterprise will take place on August 13. The starting bid is ₴301M ($7.1M...

Kovalska will resume construction of a mixed-use business center in Kyiv that will include offices, apartments, and a hotel.

Kovalska will resume construction of a mixed-use business center in Kyiv that will include offices, apartments, and a hotel. A Ukrainian manufacturer and developer plans to restart building the NUVO complex on Zhylyanska Street next year, said company CEO Serhiy Pylypenko. He explained that before the war, Kovalska had been...

Retail development: Zhytomyr’s shopping mall is expanding and will become the largest in the region, while Kyiv’s Ocean Plaza is working to bring back Polish brands.

Retail development: Zhytomyr’s shopping mall is expanding and will become the largest in the region, while Kyiv’s Ocean Plaza is working to bring back Polish brands. Zhytomyr’s Global UA shopping mall plans to add a second phase covering 19,590 square meters. With this expansion, the shopping center will become the largest in the area, totaling 142,000 squar...

Thursday, July 3

Germany will fund the production of over 500 long-range weapons in Ukraine.

Germany will fund the production of over 500 long-range weapons in Ukraine. Representatives of the German government have already signed the first contract to finance the Ukrainian production of these weapons after German Chancellor Friedrich Merz promised to help Kyiv with t...

Mortgage lending increased by 5% in April.

Mortgage lending increased by 5% in April. Ukrainian banks issued 458 mortgage loans totaling ₴834.8M in April, a 5% increase from March, according to NBU data. Specifically, 261 loans for ₴492.3M were granted in the primary real estate market...

The Vienna Institute for International Economic Studies (wiiw) forecasts a worsening outlook for Ukraine.

The Vienna Institute for International Economic Studies (wiiw) forecasts a worsening outlook for Ukraine. According to a new projection by the Vienna-based economic research institute, annual GDP growth slowed to 1% in the first quarter of 2025, down from 2.9% last year. For 2025, wiiw predicts growth of ...

High electricity prices could shut down Ukraine’s largest steel mill.

High electricity prices could shut down Ukraine’s largest steel mill. ArcelorMittal Kryvyi Rih, Ukraine’s biggest steel plant, faces closure because of soaring electricity costs, said the company’s financial director, Pavlo Zadorozhny. He stated that the com...

Ukraine is establishing a municipal housing fund.

Ukraine is establishing a municipal housing fund. The Ukrainian government has initiated a pilot project to develop a municipal rental housing program. Priority will be given to veterans, the relatives of fallen defenders, military personnel, interna...

Finland’s largest fast-food chain invests €12M to open 10 restaurants in western Ukraine.

Finland’s largest fast-food chain invests €12M to open 10 restaurants in western Ukraine. Hesburger, the leading fast-food chain in Finland, plans to open at least 10 outlets in western Ukraine over the next five years. The total investment for the project will reach €12M. Founded in 1966,...

A company from Lutsk, with government support, invested €5.5M in producing frozen semi-finished products and animal feed.

A company from Lutsk, with government support, invested €5.5M in producing frozen semi-finished products and animal feed. The Opos-Torg company, which is involved in wholesale trading of meat and fish, invested €5.5M, including €4M during the war, to build a new plant in the Volyn region. The plant will produce frozen se...

The World Bank suggests that UZ should develop container transportation to prepare for future economic changes.

The World Bank suggests that UZ should develop container transportation to prepare for future economic changes. WB analysts pointed out that Ukrainian Railways (UZ) needs to enhance and reform its operations to meet upcoming economic shifts and the opening of the rail freight market. “In the medium term, ...

Ukraine has lost 40% of its working-age population, forcing employers to increase salaries and hire pensioners.

Ukraine has lost 40% of its working-age population, forcing employers to increase salaries and hire pensioners. The war has caused a significant decline in the country’s workforce. Currently, around 1.7 million Ukrainians who used to work domestically are now abroad, according to Deputy Minister of Social...

Wednesday, July 2

The Agreement That Will Create a New Country: What Economic Prospects Does Ukraine’s Mineral Agreement with the United States Present?

The Agreement That Will Create a New Country: What Economic Prospects Does Ukraine’s Mineral Agreement with the United States Present? In early May 2025, First Deputy Prime Minister and Minister of Economy Yulia Svyrydenko signed a historic agreement with the United States of America that established a reconstruction investment fund ...

What will happen to Ukraine’s economy if peace is achieved without security guarantees or if the war continues in 2026?

What will happen to Ukraine’s economy if peace is achieved without security guarantees or if the war continues in 2026? The IMF’s baseline scenario assumes the end of Russia’s war against Ukraine by the end of 2025. According to IMF expectations, if peace is reached Ukraine’s economic growth will rise...

Which foreign arms manufacturers are already operating in Ukraine?

Which foreign arms manufacturers are already operating in Ukraine? As of mid-2025, at least eight foreign companies have already opened or plan to open arms production facilities in Ukraine. These includes research, assembly, maintenance, and repair operations, as we...

Ukraine will establish a national network of vegetable storage facilities to preserve 35% of the harvest.

Ukraine will establish a national network of vegetable storage facilities to preserve 35% of the harvest. The Ministry of Agrarian Policy is working to create a storage network, as currently 35% of the Ukrainian vegetable harvest does not reach consumers due to poor storage conditions. Many storage facili...

Last season, Ukraine’s grain exports declined by 21%, but revenue stayed level due to rising prices.

Last season, Ukraine’s grain exports declined by 21%, but revenue stayed level due to rising prices. According to analysts, in the 2024/2025 marketing year (July-June) Ukraine exported 40.1 million tons of grain, which is 10.5 million tons, or 21%, less than in the 2023/2024 marketing year. The physi...

The EIB Group and Finnvera launch a €30M pilot project to support Finnish exports to Ukraine.

The EIB Group and Finnvera launch a €30M pilot project to support Finnish exports to Ukraine. The European Investment Fund, part of the EIB Group, and Finnvera, Finland’s export credit agency, are initiating this pilot program to assist Finnish companies in exporting to Ukraine. The agreement ...

The state-owned construction company Ukrbud will not be sold to a Georgian businessman due to sanctions.

The state-owned construction company Ukrbud will not be sold to a Georgian businessman due to sanctions. The State Property Fund of Ukraine (SPFU) refused to approve the results of an auction to sell a large privatization asset with 100% of the shares of the state joint-stock company Construction Company...

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