Economy

Tuesday, June 10

During the war, over 20 countries have continued to buy Russian fossil fuels, with China the largest importer.

During the war, over 20 countries have continued to buy Russian fossil fuels, with China the largest importer. As of June 2025, according to CREA, despite sanctions, energy claims, and reputational risks, more than 20 countries still actively import Russian fossil fuels following the onset of the Russian Feder...

Lithuania urges the disconnection of all Russian banks from the SWIFT network and the imposition of sanctions on the entire fleet of over 1,100 Russian shadow vessels.

Lithuania urges the disconnection of all Russian banks from the SWIFT network and the imposition of sanctions on the entire fleet of over 1,100 Russian shadow vessels. Lithuanian President Gitanas Nauseda emphasized that any Russian banks not currently under sanctions must be removed from the SWIFT international payment system. Additionally, he called for broader re...

Ukraine’s largest fish factory aims to process local river fish and is currently seeking suppliers.

Ukraine’s largest fish factory aims to process local river fish and is currently seeking suppliers. The Klion Group, based in Zaporizhzhia, operates the largest fish processing plant in the country, producing Veladis-branded products across 250 different types, including canned goods, pastes, caviar...

The Odesa region will have a new bridge across the Danube as part of the southern transport corridor that will connect Ukraine with the EU.

The Odesa region will have a new bridge across the Danube as part of the southern transport corridor that will connect Ukraine with the EU. A new bridge over the Danube is planned for construction in the southern part of the Odesa region, specifically in the village of Orlivka in the Izmail district. This bridge will connect to the Romani...

During the war in Ukraine, the construction of 600 new residential complexes has been initiated, but sales levels remain too low.

During the war in Ukraine, the construction of 600 new residential complexes has been initiated, but sales levels remain too low. Over more than three years of full-scale war, 594 new residential complexes have been launched in various regions of Ukraine. The highest number of construction sites is in the Lviv region (166), with...

Ukraine is boosting its grain processing capacity despite facing EU export hurdles.

Ukraine is boosting its grain processing capacity despite facing EU export hurdles. Rodion Rybchinsky, director of the Flour Mills of Ukraine union, revealed plans for two new grain processing facilities in 2025. One facility in western Ukraine will produce flour from durum wheat, wi...

The goal is to become the next Barilla: A Ukrainian agriculture company will build a ₴1B durum wheat pasta production plant.

The goal is to become the next Barilla: A Ukrainian agriculture company will build a ₴1B durum wheat pasta production plant. Agricultural company Zakhidnyy Buh, which has assets in western Ukraine, has begun constructing the country’s first mill specializing in the processing of durum wheat. The company’s aim is...

Gold, building materials, energy: What investments does Turkish Onur Group have in Ukraine?

Gold, building materials, energy: What investments does Turkish Onur Group have in Ukraine? Onur Group has halted gold mining at the Zhovtovodska gold-ore area in the Dnipropetrovsk region due to the deposit’s lack of prospects. The company anticipated extracting about 4.5 grams of gol...

Monday, June 9

Trump warns Russia of severe sanctions “if necessary,” but Ukraine could also be impacted.

Trump warns Russia of severe sanctions “if necessary,” but Ukraine could also be impacted. US President Donald Trump expressed his willingness to endorse the Senate’s sanctions bill against Russia “if necessary.” He stated, “If I believe that Russia will not make a d...

Why are prices increasing in Ukraine, and what can we anticipate next?

Why are prices increasing in Ukraine, and what can we anticipate next? During April and May, consumer prices in Ukraine continued their ascent. According to the NBU, inflation in May reached a peak that was higher than expected; yearly inflation surpassed 15% in May. The...

Vitagro is investing in a new industrial park focused on agricultural processing.

Vitagro is investing in a new industrial park focused on agricultural processing. In the second half of 2025, the Vitagro group of companies will begin the first stage of construction work on the new ABC Hub industrial park in the Khmelnytskyi region, with the launch of production ...

A new ₴8M metalworking plant has been launched in an industrial park in the Kyiv region.

A new ₴8M metalworking plant has been launched in an industrial park in the Kyiv region. Located within the KYT industrial park (Bucha, Kyiv region), which officially opened on June 6, a new FRES Co plant that will produce metal booklet springs and fittings for printing products has begun...

May’s updates for Ukraine’s real estate market:

May’s updates for Ukraine’s real estate market: According to real estate analysts, four new buildings were completed in May – two in the Lviv region and one each in Kyiv and Zakarpattia. The highest percentage of completed properties was recorded i...

Friday, June 6

Ukraine and the US are progressing on projects related to the mineral agreement.

Ukraine and the US are progressing on projects related to the mineral agreement. The inaugural meeting of the fund’s governing board is set for late July, with the fund expected to begin operations by year’s end. Economy Minister Yulia Svyrydenko commented on their par...

Danish companies will receive a €20M guarantee from the EU for operations in Ukraine.

Danish companies will receive a €20M guarantee from the EU for operations in Ukraine. The European Investment Fund (EIF) and the Export and Investment Fund of Denmark (EIFO) have signed the first agreement under the EU’s Export Credit Guarantee Program for Ukraine, as reported by the M...

The EU supports the notion of synchronizing sanctions with the US.

The EU supports the notion of synchronizing sanctions with the US. The EU is prepared to collaborate with the US to simultaneously impose sanctions on Russia to compel Russian dictator Putin to agree to peace talks, stated European Commission President Ursula von der...

In the first half of 2025, Ukraine’s macroeconomic condition has worsened.

In the first half of 2025, Ukraine’s macroeconomic condition has worsened. Analysts suggest that this decline stems from the exhaustion of recovery effects following the tough year of 2022, which became evident around the start of the second quarter last year. Essentially, t...

The state has enhanced the process for establishing industrial parks, allocating ₴500M for their development.

The state has enhanced the process for establishing industrial parks, allocating ₴500M for their development. Starting in 2025, the Ministry of Economy will start accepting applications for state support of industrial parks, through August 15. Last year, the government backed 15 parks with ₴1.1B, which funded...

Exports of Ukrainian dairy products have almost doubled imports, indicating that the industry is thriving despite the war.

Exports of Ukrainian dairy products have almost doubled imports, indicating that the industry is thriving despite the war. Last year, Ukraine exported 118,000 tons of dairy products, surpassing imports by nearly 100%. Export revenue reached $296.8M, an increase of 16% from 2023 and 20% from 2021. The largest export catego...

German logistics company HHLA has acquired a controlling stake in a multimodal terminal in Transcarpathia.

German logistics company HHLA has acquired a controlling stake in a multimodal terminal in Transcarpathia. Hamburger Hafen und Logistik AG (HHLA) has purchased a 60% stake in the Eurobridge multimodal terminal, situated in the Transcarpathian region. This terminal in Batiovo will operate as a joint venture...

The demand for retail space in Ukrainian residential complexes is on the rise.

The demand for retail space in Ukrainian residential complexes is on the rise. This year has witnessed a revival in the demand for commercial real estate within these developments; however, in light of the ongoing war, increasing inflation, and economic recession, new trends hav...

Thursday, June 5

The Ukrainian Parliament has announced its strategy for tackling the budget deficit.

The Ukrainian Parliament has announced its strategy for tackling the budget deficit. Danylo Hetmantsev, head of Committee on Finance, confirmed that there are no plans to raise taxes in 2026, and that the shortfall in the state budget will be managed through alternative sources. He no...

Ukraine plans to manufacture 2.5 million drones this year, having signed contracts worth $2.5B with 76 companies.

Ukraine plans to manufacture 2.5 million drones this year, having signed contracts worth $2.5B with 76 companies. According to the estimates, drone production will rise by 150%, increasing from one million last year to 2.5 million in 2025. The Ukrainian Ministry of Defense has allocated over $2.5B for 2024-2025 t...

Ukrainian farmers are facing a severe shortage of equipment.

Ukrainian farmers are facing a severe shortage of equipment. Over the past three years, farmers have lost a significant portion of their machinery. According to the Institute of Agrarian Economics, last year agricultural enterprises had 22% fewer tractors, 13.5...

Various industries, from food production to woodworking, are making strides in the Rivne region.

Various industries, from food production to woodworking, are making strides in the Rivne region. There, the Nova-Pak company employs cutting-edge technologies to create over 600 products, including spices and seasonings, which are distributed throughout Ukraine and successfully exported. The comp...

In Western Ukraine, construction has intensified and the prices for newly constructed flats has increased.

In Western Ukraine, construction has intensified and the prices for newly constructed flats has increased. Over the three years of the full-scale Russian invasion, prices in the primary housing market in Ivano-Frankivsk have increased the most, by 63%. During this time, the cost of a square meter in the ci...

Trump has increased tariffs on steel and aluminum to 50%: How will this affect Ukrainian exports?

Trump has increased tariffs on steel and aluminum to 50%: How will this affect Ukrainian exports? US President Donald Trump has signed an executive order that will raise tariffs on steel and aluminum imports from 25% to 50% effective June 4. As evidenced by the executive order, Trump has concluded...

Ukraine and Japan are enhancing their infrastructure collaboration.

Ukraine and Japan are enhancing their infrastructure collaboration. The Ministry of Development and Trade announced: “The total Japanese humanitarian, technical, and financial support we have received is approximately $15B. We also intend to actively involve Jap...

The shortage of personnel is a key factor driving economic change in Ukraine.

The shortage of personnel is a key factor driving economic change in Ukraine. Ruslan Shostak, the president of TERWIN Corporation and founder of EVA and VARUS, asserts that prior to the full-scale Russian invasion in 2022, Ukraine had roughly 17.3 million able-bodied citizens. ...

Wednesday, June 4

DTEK has secured a record loan for the construction of one of the largest energy storage complexes in Eastern Europe.

DTEK has secured a record loan for the construction of one of the largest energy storage complexes in Eastern Europe. DTEK has reached an agreement with a consortium of Ukrainian banks led by Oschadbank for this unprecedented financing aimed at modern energy storage systems in Ukraine. Three Ukrainian banks – Oschadb...

Ukraine has generated over ₴342M through its privatization efforts.

Ukraine has generated over ₴342M through its privatization efforts. The State Property Fund of Ukraine (SPFU) successfully conducted nine online privatization auctions from May 26 to May 30, raising ₴342.32M ($8.3M). On average, the value of the assets available at th...

The EU and the US are preparing to ratchet up sanctions pressure against Russia.

The EU and the US are preparing to ratchet up sanctions pressure against Russia. Head of the EC Ursula von der Leyen discussed coordinating sanctions against Russia with US Republican Senator Lindsey Graham in an effort to end the war. The US senator proposes introducing 500% duti...

Turkey holds a leading position in Ukraine’s metal product import market thanks to its competitive pricing.

Turkey holds a leading position in Ukraine’s metal product import market thanks to its competitive pricing. Following the outbreak of the full-scale Russian war, there has been a substantial increase in Ukraine’s steel imports to compensate for the 40% loss in domestic metallurgical capacity. However,...

American businesses in Ukraine are particularly focused on defense technologies.

American businesses in Ukraine are particularly focused on defense technologies. Currently, the most compelling direction for US businesses in Ukraine is the defense sector, particularly projects that can be classified as dual-use technologies, said Valeriy Krasovsky, co-founder a...

Another branch of the Ukrainian agricultural sector is drawing foreign investment amid rapid growth.

Another branch of the Ukrainian agricultural sector is drawing foreign investment amid rapid growth. In recent years, Ukrainian seed exports have demonstrated steady growth. International companies such as Bayer, KWS, Syngenta, Corteva, Maisadour, and Remington Seeds are actively investing in expandi...

Volyn will develop an industrial park for the processing of industrial hemp into textiles.

Volyn will develop an industrial park for the processing of industrial hemp into textiles. TwinSocks, a manufacturer and distributor of hosiery products based in Volyn, is preparing to create an eco-industrial park focused on processing technical hemp. This crop has the potential to form th...

Ukrainian honey exporters are losing their competitive edge in the EU market because of quotas.

Ukrainian honey exporters are losing their competitive edge in the EU market because of quotas. Beehive, one of Ukraine’s largest honey exporters, sold 9,000 tons of product last year but now expects to sell only 5,000 to 6,000 tons this year. Tariffs have made Ukrainian honey too costly f...

Tuesday, June 3

France and Germany advocate for heightened sanctions on Russia while the US Senate looks to implement new restrictions ahead of the G7 summit.

France and Germany advocate for heightened sanctions on Russia while the US Senate looks to implement new restrictions ahead of the G7 summit. French President Emmanuel Macron has called on the US to enact sanctions targeting Russia if Moscow remain unwilling to cease hostilities in Ukraine. German Foreign Minister Johann Wadephul has also p...

BGV Group is set to concentrate on utilities and energy, allocating $147M for investment.

BGV Group is set to concentrate on utilities and energy, allocating $147M for investment. BGV Group Management has authorized five energy projects. Additionally, the company is gearing up to launch an energy service company, which will allow it to tap into the promising market for enhancin...

Agricultural enterprises ranked as the most unprofitable sector in Ukraine during the first quarter.

Agricultural enterprises ranked as the most unprofitable sector in Ukraine during the first quarter. In Q1 2025, large and medium-sized businesses reported a total financial outcome of ₴241.2B, ₴12.4B or 4.9% lower than the previous year’s figure of ₴253.6B for the same period. Approximately 38...

A Ukrainian mineral water manufacturer has begun construction of a new plant in the Lviv region.

A Ukrainian mineral water manufacturer has begun construction of a new plant in the Lviv region. Mineral water producer Karpatska Dzherelna, a subsidiary of Karpatski Mineralni Vody, has begun construction on a new facility near the village of Khmeleva. The enterprise’s area will cover appr...

Businesses have reported positive assessments of their activities across all sectors.

Businesses have reported positive assessments of their activities across all sectors. According to the NBU, in May businesses delivered positive evaluations of their own economic performance. For the first time since May 2024, enterprises from all sectors anticipated growth. In May 202...

Monday, June 2

Britain and France prepare to provide long-term defense for Ukraine without US support, rather than sending peacekeepers.

Britain and France prepare to provide long-term defense for Ukraine without US support, rather than sending peacekeepers. British and French officials working on plans to deploy peacekeepers in Ukraine have discussed the necessity of providing long-term defense for Ukraine without US involvement. In particular, the offic...

The Ukrainian shadow economy is valued at $21.7B annually and combating it could contribute an additional $4B to the budget in 2025.

The Ukrainian shadow economy is valued at $21.7B annually and combating it could contribute an additional $4B to the budget in 2025. Danylo Hetmantsev, head of the Verkhovna Rada Finance Committee, revealed that the shadow sector is estimated at ₴800-900B ($21.7B). About 30-50% of the economy exists in the shadows, with some sector...

Moody’s has maintained Ukraine’s pre-default rating.

Moody’s has maintained Ukraine’s pre-default rating. On May 30, Moody’s Rating Agency affirmed the long-term issuer ratings of the Ukrainian government in foreign and national currencies at Ca – one of the lowest credit ratings on Moody’s sc...

Over 200 Finnish companies are preparing to enter the Ukrainian market.

Over 200 Finnish companies are preparing to enter the Ukrainian market. More than 200 small and medium Finnish firms are looking to establish a presence in Ukraine, while larger companies are planning to broaden their operations. The most promising sectors for Finnish inv...

Philip Morris is preparing to resume cigarette exports from Ukraine.

Philip Morris is preparing to resume cigarette exports from Ukraine. Philip Morris Ukraine is considering whether to start the export of cigarettes manufactured at a newly built factory in the Lviv region, said the company’s CEO Maksym Barabash during a roundtabl...

OPEC+ will once again increase oil production, allowing Western firms to increase shipments of Russian crude.

OPEC+ will once again increase oil production, allowing Western firms to increase shipments of Russian crude. Earlier this year, the Western energy sector began to consider how it might carefully return to Russia if peace is reached in Ukraine. Due to falling oil prices, Greek vessels transported 26% of Russi...

The Ukrainian government will support two additional projects with significant investments.

The Ukrainian government will support two additional projects with significant investments. The Cabinet of Ministers has approved the conclusion of two more special investment agreements with the Slavsky and Rozhanka Park companies, which will develop a new €140M ski resort in the Lviv regio...

Almost 8% of EU organic imports come from Ukraine, which is establishing itself as a leader in this market.

Almost 8% of EU organic imports come from Ukraine, which is establishing itself as a leader in this market. In 2024, Ukraine became one of the top three exporters of organic products to the bloc among European countries and has remained among the top five largest exporters to the EU for seven years. In 2024...

Follow us