Economy

Thursday, March 13

Ukrainian metallurgists have lost their customs privileges in the US as new Trump tariffs take effect.

Ukrainian metallurgists have lost their customs privileges in the US as new Trump tariffs take effect. On March 12, a 25% import duty on steel and aluminum introduced by US President Trump came into force. This decision directly impacts Ukraine, which was previously exempt from duties on steel and stee...

Aurora’s logistics plans: Where is the retailer expanding its capacity?

Aurora’s logistics plans: Where is the retailer expanding its capacity? Aurora is continuing to invest in its logistics by opening a distribution center that spans over 7,000 square meters in Stoyanka, Kyiv region. This move marks the first stage of a significant investme...

Tax incentives have propelled the construction of solar power plants in Ukraine, and experts predict an increase in wind power capacity.

Tax incentives have propelled the construction of solar power plants in Ukraine, and experts predict an increase in wind power capacity. The construction of solar power plants in Ukraine accelerated in 2024 because the state canceled duties and VAT payments for investors importing solar panels starting July 1, said Vladyslav Sokolovsky...

Furniture retail is actively expanding in Ukraine, with both international and domestic manufacturers investing in new store openings.

Furniture retail is actively expanding in Ukraine, with both international and domestic manufacturers investing in new store openings. In 2024, international company JYSK launched 13 new stores in Ukraine and renovated eight existing ones, bringing the total number of its retail locations to 124. Last year, JYSK invested ₴278.5M ($6....

Wednesday, March 12

Ukraine accepted 30-day ceasefire and the US unfreezes its military aid and intelligence.

Ukraine accepted 30-day ceasefire and the US unfreezes its military aid and intelligence. Ukraine stated following over 8 hours of discussions in Saudi Arabia on Tuesday to accept the US proposal to enact an immediate, interim 30-day ceasefire, which can be extended by mutual agreement of ...

The EU proposes to continue duty-free imports of Ukrainian steel, while simultaneously purchasing goods from Russia.

The EU proposes to continue duty-free imports of Ukrainian steel, while simultaneously purchasing goods from Russia. The European Commission has taken the initiative to continue supporting the Ukrainian metallurgical industry, leaving the current exemption from trade restrictions on steel imports from Ukraine to the...

While the US and Ukraine strive to reach a deal on minerals, TechMet is already planning to mine lithium in the Kirovograd region.

While the US and Ukraine strive to reach a deal on minerals, TechMet is already planning to mine lithium in the Kirovograd region. TechMet, an Irish mining company that specializes in mineral extraction and is partially owned by the US International Development Finance Corporation, intends to develop a lithium deposit in Ukraine....

A geologist explains what a mineral agreement between Kyiv and Washington should focus on.

A geologist explains what a mineral agreement between Kyiv and Washington should focus on. Recently, a potential agreement between Ukraine and the US on the extraction of minerals has been widely discussed with attention focused on rare earth metals. Natalia Bariatska, Doctor of Geological ...

The largest steel mill in Ukraine is seeking European partners for mining in the Dnipropetrovsk region.

The largest steel mill in Ukraine is seeking European partners for mining in the Dnipropetrovsk region. Mauro Longobardo, the CEO of ArcelorMittal Kryvyi Rih, the largest steel mill in Ukraine, stated during the On the Road to URC 2025 event in Milan, “We urge potential Italian and other European...

Privatization continues to replenish Ukraine’s coffers; a household chemicals plant in Vinnytsia is the next item up for sale.

Privatization continues to replenish Ukraine’s coffers; a household chemicals plant in Vinnytsia is the next item up for sale. During the week of March 3 to 7, the State Property Fund of Ukraine (SPFU) conducted 16 successful online privatization auctions totaling ₴61.33M. The most expensive item was a complex of premises cov...

Ukraine looks to become a key biomethane supplier to the EU, aiming for a 20% market share.

Ukraine looks to become a key biomethane supplier to the EU, aiming for a 20% market share. According to Heorhiy Heletukha, the head of the Bioenergy Association of Ukraine, Ukraine is on track to become the primary supplier of biomethane to Europe. He noted that in the future, the proportio...

Tuesday, March 11

Ukraine will receive 200% more IRIS-T air defense systems and missiles.

Ukraine will receive 200% more IRIS-T air defense systems and missiles. The Ministry of Defense of Ukraine has signed a memorandum of understanding with German Diehl Defence, which produces IRIS-T systems and is “an important part of Ukraine’s air defense shie...

The EU launches a €1.6B call for proposals to support small businesses in Ukraine.

The EU launches a €1.6B call for proposals to support small businesses in Ukraine. The EU has initiated a new call for proposals aimed at assisting small businesses in war-affected communities and attracting investment for Ukraine’s reconstruction. An initiative through the Uk...

Investors believe that the war in Ukraine will soon come to an end.

Investors believe that the war in Ukraine will soon come to an end. Following Donald Trump’s re-election, investor sentiment has become more optimistic about Ukraine’s future. Markets have responded very positively to any advancements toward a long-term an...

Metal product imports are crowding out domestic production owing to the consequences of the war.

Metal product imports are crowding out domestic production owing to the consequences of the war. Imports of metal products to Ukraine increased by 6.4% last year, to 1.26 million tons. More than 50% of products supplied to the Ukrainian market are produced by Turkey. This stems from the fact that...

The Ukrainian labor market has recovered to 93% of its pre-war level.

The Ukrainian labor market has recovered to 93% of its pre-war level. Three years after the full-scale Russian invasion, Ukraine’s labor market stands at 93% of the pre-war level, according to a study by human resources portal Work.ua. In February 2025, employers ...

Monday, March 10

Ukraine is determined to sign a mineral agreement with the US, but Trump insists on a ceasefire before proceeding.

Ukraine is determined to sign a mineral agreement with the US, but Trump insists on a ceasefire before proceeding. Ukrainian leadership is keen to finalize this mineral agreement, which is crucial for the two nations’ partnership, according to Foreign Ministry spokesman Heorhiy Tykhyi, who made the statement...

What risks does the US face in halting the supply of weapons to Ukraine?

What risks does the US face in halting the supply of weapons to Ukraine? Most of the funding allocated to Ukraine has remained in the US through orders placed in its defense industry, so President Donald Trump’s decision will result in: Financial losses for defense c...

The EC is considering granting Ukraine access to the European single market as part of a final peace agreement.

The EC is considering granting Ukraine access to the European single market as part of a final peace agreement. The head of the European Commission, Ursula von der Leyen, will propose granting Ukraine access to the European single market as part of a final peace agreement. Ukraine’s access to a market wit...

In 2025, 250,000 square meters of new warehouse space will be launched in Kyiv.

In 2025, 250,000 square meters of new warehouse space will be launched in Kyiv. The volume of new supply planned for the capital’s warehouse real estate market in 2025 is 250,000 square meters. Last year, the volume of new supply increased by 79,000 square meters. Of the to...

The Ukrainian government has allocated ₴13B for reconstruction projects, and France will allocate €200M for these efforts.

The Ukrainian government has allocated ₴13B for reconstruction projects, and France will allocate €200M for these efforts. The state has designated ₴5B for reconstruction projects across 12 regions. This includes 150 projects under a joint program with the EIB, focusing on repair and construction of hospitals, schools, an...

Friday, March 7

To curb inflation, the NBU raised its key policy rate to 15.5%.

To curb inflation, the NBU raised its key policy rate to 15.5%. The Board of the National Bank of Ukraine decided to increase the discount rate by one percentage point to 15.5% per annum and adjust the parameters of its interest rate policy framework. These decisi...

Imports of goods from Poland surpass Ukrainian exports to that country by nearly 100%.

Imports of goods from Poland surpass Ukrainian exports to that country by nearly 100%. During a meeting with Polish business representatives, Ukraine’s Minister of Agricultural Policy, Vitaliy Koval, said that trade turnover between the two nations in 2024 reached $11.7B, with Pol...

Ukraine aims to increase its exports to $77B over the coming years.

Ukraine aims to increase its exports to $77B over the coming years. By 2030, Ukraine plans to boost export volumes to $77B (up from $51B last year) and raise their share of GDP to 33%, according to Deputy Minister of Economy Taras Kachka. Notably, the proportion of ra...

The EC and EIB sign a €2B guarantee to support recovery projects in Ukraine.

The EC and EIB sign a €2B guarantee to support recovery projects in Ukraine. The European Commission and the European Investment Bank (EIB) have signed a guarantee agreement that will allow the EIB to invest at least €2B in urgent recovery and reconstruction projects in Ukrain...

BGV Group Management requires $450M in investment to launch a graphite project aimed at producing components for lithium-ion batteries.

BGV Group Management requires $450M in investment to launch a graphite project aimed at producing components for lithium-ion batteries. The BGV Graphite project will produce spherical graphite (SPG), a key material for lithium-ion batteries. According to preliminary calculations, it will require approximately $450M in investment, stat...

Thursday, March 6

Russian oil worth $1.3B is stuck at sea on tankers due to US sanctions, as China and India refuse to buy.

Russian oil worth $1.3B is stuck at sea on tankers due to US sanctions, as China and India refuse to buy. According to Bloomberg, Russian crude oil is trapped at sea because of sanctions imposed by the US in January. The value of the raw material being transported is $1.35B. Approximately 7.7 million barr...

Ukraine recorded a 35% increase in capital investments over the past year.

Ukraine recorded a 35% increase in capital investments over the past year. Last year’s capital investment totaled ₴534.4B, reflecting a 35.1% rise compared to 2023, according to the State Statistics Service. Most investments came from internal funds belonging to enterp...

Ukraine’s mineral export revenue fell by 60% last year compared to pre-war figures.

Ukraine’s mineral export revenue fell by 60% last year compared to pre-war figures. In 2024, mineral export revenue represented 8.1% of total export revenue. Reports from the Center for Economic Research and Forecasting indicate that revenue decreased by nearly 60% compared to 2021. ...

Swiss Brugg will partner with a Ukrainian manufacturer to establish the first Ukrainian enterprise to produce plastic PEX pipe.

Swiss Brugg will partner with a Ukrainian manufacturer to establish the first Ukrainian enterprise to produce plastic PEX pipe. Swiss Brugg AG plans to form a joint venture with a Ternopil company, Terpolymergaz, that will produce plastic PEX pipe for both centralized and decentralized heating systems, and will invest €7M. The...

Economists forecaste Ukraine’s GDP growth, inflation, and international aid.

Economists forecaste Ukraine’s GDP growth, inflation, and international aid. Analysts from the Institute of Economic Research projected that, despite the devastating impact of the full-scale Russian invasion, Ukraine’s economy is showing resilience. The forecasted GDP gr...

Foreign businesses in Russia have lost over $170B during the war.

Foreign businesses in Russia have lost over $170B during the war. According to KSE, since the beginning of the full-scale Russian invasion of Ukraine the total losses suffered by foreign business operating in Russia have exceeded $170B. The bulk of the losses are as...

JICA intends to finance energy and infrastructure projects in Ukraine instead of USAID.

JICA intends to finance energy and infrastructure projects in Ukraine instead of USAID. The Japan International Cooperation Agency (JICA) will explore the possibility of supporting energy and infrastructure initiatives in Ukraine that were previously funded by USAID, said Hideki Matsunag...

A Turkish construction giant disclosed its investments in Ukraine during the war.

A Turkish construction giant disclosed its investments in Ukraine during the war. Since the onset of the war, ONUR GROUP has invested in several plants that are part of the ONUR group in Ukraine. Specifically: ACTU manufactures dry building mixtures and is located in western Ukrain...

Wednesday, March 5

The US has not ruled out signing a mineral agreement with Ukraine quickly, though several conditions have been given.

The US has not ruled out signing a mineral agreement with Ukraine quickly, though several conditions have been given. Donald Trump’s ally, Republican Congressman Brian Fitzpatrick, asserted after discussions with head of the Office of the President of Ukraine Andriy Yermak that a mineral agreement between Ukrai...

The vacancy rate at Kyiv’s shopping malls decreased slightly last year.

The vacancy rate at Kyiv’s shopping malls decreased slightly last year. According to analysts’ estimates, the share of vacant space in Kyiv’s shopping malls in 2024 was 13.1%, down from 16.3% the previous year. The highest vacancy rates are primarily concentra...

The Ukrainian agricultural sector can boost its gross output by 400% with $80B in investment.

The Ukrainian agricultural sector can boost its gross output by 400% with $80B in investment. According to Leonid Kozachenko, President of the Ukrainian Agrarian Confederation, achieving this 400% increase in agricultural output requires $75-80B in investment. Investment must continue for at l...

Astarta will build a new $76M oilseed plant in the Khmelnytskyi region.

Astarta will build a new $76M oilseed plant in the Khmelnytskyi region. The Board of Directors of Astarta Holding has approved a decision to commence a new investment project – the construction of an oilseed processing facility, particularly soybeans and rapeseed, in the ...

Global Ocean Link has launched 25,000 tons of additional storage capacity at Ukraine’s deepest container terminal.

Global Ocean Link has launched 25,000 tons of additional storage capacity at Ukraine’s deepest container terminal. The logistics company continues to develop its capabilities. In February, two new warehouses for the storage and accumulation of cargo opened at the TIS terminal (Odesa). Notably, this terminal is Ukr...

Ukraine’s demographic crisis is deepening; experts advise repatriating refugees for recovery labor.

Ukraine’s demographic crisis is deepening; experts advise repatriating refugees for recovery labor. According to Deputy Minister of Social Policy Daria Marchak, Ukraine is currently experiencing a record low number of children born per woman. Currently, the fertility rate is 0.9, while the internati...

Ukrainian IT exports in January dropped to their lowest level since the onset of the full-scale invasion.

Ukrainian IT exports in January dropped to their lowest level since the onset of the full-scale invasion. According to the National Bank, in January 2025 IT export volume fell by 20.7%, totaling $489M. This represented a loss of $128M for the Ukrainian economy compared to December of last year. Furthermor...

Tuesday, March 4

The EC is set to unveil a plan to rearm Europe, while Germany prepares to spend on its military and infrastructure.

The EC is set to unveil a plan to rearm Europe, while Germany prepares to spend on its military and infrastructure. European Commission President Ursula von der Leyen has emphasized the importance of enhancing Europe’s defense capabilities. Following the European security summit in London, she asserted that E...

The US states that Ukraine’s funding hinges on Zelenskyy’s commitment to peace. Will the Ukrainian budget be able to cope without US assistance?

The US states that Ukraine’s funding hinges on Zelenskyy’s commitment to peace. Will the Ukrainian budget be able to cope without US assistance? US Secretary of Commerce Howard Lutnick remarked that Ukraine will not receive funding unless President Zelenskyy actively “strives for peace.” He emphasized that the US was prepared to si...

In February, Ukrainian businesses upgraded their assessments of their economic activity,

In February, Ukrainian businesses upgraded their assessments of their economic activity, although they remained cautious, mostly staying below a neutral level. The business activity expectations index in Februrary 2025 was 46.9, compared to 41 in January 2025 and 47.5 in February 2024, as...

Ukraine could face losses of up to €4B annually if the EU cancels trade preferences, making increased processing a potential solution.

Ukraine could face losses of up to €4B annually if the EU cancels trade preferences, making increased processing a potential solution. The Ukrainian economy stands to lose between €3.5B and €4B each year if the EU does not extend trade preferences for Ukraine, which are set to expire on June 6, 2025. The EU’s share of Ukraine&#...

British intelligence predicts an increase in the Russian economy’s dependence on the war.

British intelligence predicts an increase in the Russian economy’s dependence on the war. British intelligence believes that Russia will likely spend more on defense in 2025 than anticipated in this year’s budget due to inflationary pressures. This is, in part, because inflation will...

In the Lviv region, a new $30M Philip Morris factory has achieved its planned annual capacity.

In the Lviv region, a new $30M Philip Morris factory has achieved its planned annual capacity. At the start of the year, Philip Morris in Ukraine brought its new factory in the Lviv region, which was launched in May 2024, up to its planned operating capacity. The facility features five producti...

Monday, March 3

The signing of mineral agreement between Ukraine and the US was hindered by a dispute between the presidents in the Oval Office.

The signing of mineral agreement between Ukraine and the US was hindered by a dispute between the presidents in the Oval Office. The agreement on Ukraine’s minerals and rare earth metals with the US was not signed following a heated disagreement between Presidents Donald Trump and Volodymyr Zelenskyy that was televised li...

Europe may need to spend up to $350B if American aid to Ukraine is cut off.

Europe may need to spend up to $350B if American aid to Ukraine is cut off. According to the International Institute for Strategic Studies (IISS), in the event of a total cancellation of American military assistance to Ukraine, European nations would have to allocate an addit...

Lithuania is investing €20M in Ukraine’s defense industry, and a Norwegian missile manufacturer will launch a joint venture in Ukraine.

Lithuania is investing €20M in Ukraine’s defense industry, and a Norwegian missile manufacturer will launch a joint venture in Ukraine. Lithuania is dedicating €20M to developing the Ukrainian defense sector and has initiated the establishment of joint weapon production facilities. The Lithuanian Ministry of Defense announced plans to...

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