Economy

Monday, June 2

Ukrainian gunsmiths are fostering cooperation with their British and Canadian counterparts.

Ukrainian gunsmiths are fostering cooperation with their British and Canadian counterparts. The Ukrainian Gunsmiths Council has signed a memorandum of strategic cooperation with the British ADS Group, which comprises over 1,500 companies in the aerospace and defense sector. The agreement inc...

Friday, May 30

The development of processing and broadened opportunities for Ukrainian exporters: What does Ukraine’s new export strategy until 2030 entail?

The development of processing and broadened opportunities for Ukrainian exporters: What does Ukraine’s new export strategy until 2030 entail? According to Taras Kachka, the deputy trade representative of Ukraine, the export strategy that is currently being formulated by the Ministry of Economy prioritizes the Made in Ukraine initiative, sti...

Ukraine’s economy will continue to slow down.

Ukraine’s economy will continue to slow down. The growth of Ukraine’s economy slowed in the first quarter of the year and the main reason for that is the war, said Danylo Hetmantsev, chairman of the parliamentary finance committee. He recal...

Exports from Ukraine do not significantly impact the total imports of key partner countries.

Exports from Ukraine do not significantly impact the total imports of key partner countries. Veronika Movchan, an expert at the Institute of Economic Research, said during a presentation of a study on importers of Ukrainian products that goods from Ukraine do not play a crucial role in the to...

A Ukrainian bread exporter has entered the agricultural market to complete its entire production cycle.

A Ukrainian bread exporter has entered the agricultural market to complete its entire production cycle. Alviva Group has strategically expanded its operations by entering Ukraine’s agricultural market. This move will enable the group to establish complete control over the entire production cycle –...

Warehouses continue to be in high demand in the Ukrainian commercial real estate market, leading to rising rents.

Warehouses continue to be in high demand in the Ukrainian commercial real estate market, leading to rising rents. According to Ukrainian developers, there is a critical shortage of warehouse space, particularly in the most active areas – the Kyiv and Lviv regions. The warehouse vacancy rate in the Kyiv region has...

Despite the ongoing war, in Kyiv and western Ukraine demand for commercial real estate is rising.

Despite the ongoing war, in Kyiv and western Ukraine demand for commercial real estate is rising. Yaroslav Burykh, a member of the Association of Real Estate Specialists of Ukraine, stated that, despite the full-scale conflict, demand for commercial real estate in Ukraine is increasing, with the h...

Thursday, May 29

Ukraine needs $30B to launch its defense production at full capacity,

Ukraine needs $30B to launch its defense production at full capacity, President Volodymyr Zelenskyy explained, mentioning that the state will soon be ready to license air defense systems. “This amount is needed to deploy production, in particular the missile progr...

Mykolaiv is developing a recovery strategy based on blue economy principles.

Mykolaiv is developing a recovery strategy based on blue economy principles. The southern Ukrainian city Mykolaiv is the first among Ukrainian cities to align economic development with the European approach to the blue economy – the sustainable use of water and marine resource...

Why is Ukraine’s public debt growing?

Why is Ukraine’s public debt growing? According to the Ukrainian Parliament’s Finance Committee, in April 2025 public and state-guaranteed debt increased by 5%, reaching $180B; from January to April, public debt grew by 8.4%. Almost...

New markets are opening for Ukrainian agricultural products: Where do they plan to export?

New markets are opening for Ukrainian agricultural products: Where do they plan to export? According to industry experts, the UK, in light of an unsuccessful season in Spain, a key supplier of blueberries, is shifting its supply structure for this berry towards Eastern European countries, i...

Ukraine will review existing mining licenses after signing a subsoil deal with the US.

Ukraine will review existing mining licenses after signing a subsoil deal with the US. The country is reforming its mineral sector, which has endured three years of war, with the hope of unlocking its vast potential and attracting billions of dollars in investment through its partnershi...

How can the Ukrainian economy reduce its personnel shortage without attracting migrants?

How can the Ukrainian economy reduce its personnel shortage without attracting migrants? The Ukrainian economy urgently requires an additional 4.5 million workers. Currently, out of 31 million Ukrainians living in the country, 13.3 million are employed, and around one million are unemploy...

Wednesday, May 28

Trump might impose new sanctions on Russia this week amid frustration with Putin.

Trump might impose new sanctions on Russia this week amid frustration with Putin. US President Donald Trump is considering these sanctions due to his frustration with Putin’s continued aggressive actions toward Ukraine and the slow progress in peace talks. The restrictions ar...

Gas prices in Ukraine have risen to a record high, surpassing European prices. Kyiv is preparing for imports through a new route via Greece.

Gas prices in Ukraine have risen to a record high, surpassing European prices. Kyiv is preparing for imports through a new route via Greece. On May 26, natural gas prices in the Ukrainian market reached ₴23,000 per 1,000 cubic meters (including VAT). The cost of gas has climbed to the highest level in over two years and exceeded European m...

Ukraine will receive an additional $300M under the RISE program to support business initiatives.

Ukraine will receive an additional $300M under the RISE program to support business initiatives. The Ministry of Economy and the World Bank discussed the implementation of the RISE program. Under this initiative, Ukraine signed agreements with the World Bank last year totaling $593M and has alrea...

The EU has proposed lowering the Russian oil price cap by another $15, but the US is blocking the initiative.

The EU has proposed lowering the Russian oil price cap by another $15, but the US is blocking the initiative. The European Commission and leading EU countries support lowering the price ceiling for Russian oil from $60 to $45 per barrel as part of a new sanctions package against Russia. Sources familiar with ...

The EU will spend more to purchase Russian raw materials and energy resources than on military aid to Ukraine.

The EU will spend more to purchase Russian raw materials and energy resources than on military aid to Ukraine. Despite the current 17 EU sanctions packages, in 2025 Russia is projected to receive about $233B from the export of raw materials and energy resources and more than $20B from EU countries alone. ̶...

Ukraine is in the process of creating a new employment strategy.

Ukraine is in the process of creating a new employment strategy. The Ministry of Economy has outlined the key components of this new employment strategy. Many citizens are struggling to find employment, particularly veterans, individuals with disabilities, women, o...

Tuesday, May 27

Russia is producing missiles faster than Western manufacturers can produce interceptors.

Russia is producing missiles faster than Western manufacturers can produce interceptors. The Russian military has not depleted its missile stocks even in the fourth year of the war with Ukraine. The Kremlin currently possesses about 500 missiles and has no plans to halt production. Meanwh...

Romanian businesses aim to establish joint ventures in Ukraine: Which sectors are prioritized?

Romanian businesses aim to establish joint ventures in Ukraine: Which sectors are prioritized? Nasty Vladoiu, president of the Romania-Ukraine Bilateral Chamber of Commerce (CCBRU), highlighted that the primary sectors attracting Romanian companies towards the Ukrainian market, in anticipation ...

Poland is establishing one of the largest logistics hubs in the EU to transport goods for Ukraine’s reconstruction.

Poland is establishing one of the largest logistics hubs in the EU to transport goods for Ukraine’s reconstruction. The country plans to modernize the Sławków logistics hub in the southwest to significantly increase its capacity for handling goods destined for Ukraine. Polish Prime Minister Donald Tusk noted: ̶...

Ukrainian Eurobonds have been among the worst performers in emerging market securities, as investors’ hopes for a ceasefire have not materialized.

Ukrainian Eurobonds have been among the worst performers in emerging market securities, as investors’ hopes for a ceasefire have not materialized. Those investing in Ukrainian dollar-denominated Eurobonds have lost more than 10% since the start of 2025, marking the worst performance among emerging markets, as the prospects for US President Trump...

The EU is set to review extending protection for Ukrainian refugees.

The EU is set to review extending protection for Ukrainian refugees. Brussels is considering how to proceed with the legal framework that is providing these refugees protection. Euractiv recalls that when the EU introduced the Temporary Protection Directive in March 20...

Monday, May 26

Fitch has maintained Ukraine’s rating at Restricted Default but expects macroeconomic indicators to deteriorate.

Fitch has maintained Ukraine’s rating at Restricted Default but expects macroeconomic indicators to deteriorate. Fitch has affirmed Ukraine’s rating at Restricted Default for the second consecutive time in response to its foreign currency debts. The national currency rating stands at CCC+, indicating a ver...

The US and Ukraine have officially established the American-Ukrainian Investment Fund for Reconstruction.

The US and Ukraine have officially established the American-Ukrainian Investment Fund for Reconstruction. Officially inaugurated on May 23, the fund’s launch followed a series of note exchanges between the two governments, culminating in the signing of two commercial partnership agreements. Economy ...

Ukraine and its partners are establishing a fund to attract investment in strategic sectors.

Ukraine and its partners are establishing a fund to attract investment in strategic sectors. According to Deputy Minister of Economy Oleksiy Sobolev, Ukraine and its international partners are working to launch a new fund to support investment in key sectors such as infrastructure, energy, in...

Europe plans to purchase US weapons for Ukraine.

Europe plans to purchase US weapons for Ukraine. European leaders are urgently seeking ways to maintain their support for Ukraine amid US President Trump’s increasingly apparent withdrawal of support for Kyiv. The US is not approving new milit...

Ukrainian drone manufacturer Skyeton is partnering with Danish company Quadsat to enhance UAV capabilities.

Ukrainian drone manufacturer Skyeton is partnering with Danish company Quadsat to enhance UAV capabilities. Ukrainian UAV manufacturer Skyeton has announced a strategic partnership with Danish company Quadsat, which specializes in radio frequency research. The companies are collaborating to develop electrom...

The EC has approved transitional trade arrangements with Ukraine following the end of visa-free trade.

The EC has approved transitional trade arrangements with Ukraine following the end of visa-free trade. The European Commission has adopted a list of transitional measures for Ukrainian exports to the EU, which will take effect after June 5 when autonomous trade preferences for Ukraine will no longer be...

The EU plans to impose sanctions on Nord Stream and lower the Russian oil price cap.

The EU plans to impose sanctions on Nord Stream and lower the Russian oil price cap. The European Commission is already preparing its 18th package of sanctions against Russia, which will disconnect about 20 banks from the SWIFT payment system and impose trade bans exceeding €2.5B in v...

This fall, a new railcar factory capable of producing 1,200 freight cars annually will open in Volyn, with exports aimed at the EU market.

This fall, a new railcar factory capable of producing 1,200 freight cars annually will open in Volyn, with exports aimed at the EU market. TAS Group is building the new production facility in Kovel, Volyn Oblast, with investment costs in construction, excluding equipment, totaling approximately UAH 200M ($4.8M). This new plant is part of...

Friday, May 23

The US Senate threatens Russia with “tough” sanctions for delaying the peace process, bypassing Trump.

The US Senate threatens Russia with “tough” sanctions for delaying the peace process, bypassing Trump. Republican Senator Lindsey Graham stated that support for a bill imposing “tough sanctions” against Russia has grown in the US Congress to 81 senators out of the 100 total. To override a p...

Britain asks the G7 to cut the price cap on Russian oil.

Britain asks the G7 to cut the price cap on Russian oil. The UK has urged its G7 allies to lower the price ceiling for Russian oil to further pressure Vladimir Putin to end the war in Ukraine. This issue was a priority for discussion at the G7 finance minis...

The G7 finance ministers have agreed to continue supporting Ukraine in its fight against Russia,

The G7 finance ministers have agreed to continue supporting Ukraine in its fight against Russia, stated German Finance Minister Lars Klingbeil on the sidelines of the G7 meeting in Canada. It was previously reported that the US opposes including “further support” for Ukraine in the G7...

The EU will make its first contribution to a dedicated defense fund and help to develop the defense industry together with Ukraine.

The EU will make its first contribution to a dedicated defense fund and help to develop the defense industry together with Ukraine. The EU will invest the first €40M into a dedicated European defense fund, seeking to strengthen its military capabilities. The European Investment Fund (EIF), which provides financing to small and med...

The negative effects of Ukrainian exports are exaggerated and have a minimal impact on EU markets.

The negative effects of Ukrainian exports are exaggerated and have a minimal impact on EU markets. Ukrainian agricultural products, despite their quality and important role in Europe’s food security, remain hostage to political narratives, believes Oleh Khomenko, head of the UABC. He added th...

Ukraine is rapidly losing its export positions amid the ongoing crisis in the mining sector.

Ukraine is rapidly losing its export positions amid the ongoing crisis in the mining sector. After Ukraine’s remarkable recovery in iron ore exports in early 2024, boosted by the opening of the sea corridor, Ukraine’s MMC sector reached nearly 50% of its pre-war levels. However, t...

The Ukrainian land bank has been subleased a largest land plot to a private company.

The Ukrainian land bank has been subleased a largest land plot to a private company. The largest plot controlled by the State Land Bank, spanning 3,969 hectares in the Ustinivska community of the Kirovohrad region, has been subleased for 14 years with an annual payment of ₴78.6M ($1.9...

Ukraine could have earned over $2B from arms exports last year.

Ukraine could have earned over $2B from arms exports last year. Ukrainian gunmakers are prepared to export surplus products to partner countries, but they need permission from the state, said Kateryna Mykhalko, executive director of the Technological Forces of Ukr...

Vinnytsia is set to welcome a new industrial park, with investment reaching up to ₴6B.

Vinnytsia is set to welcome a new industrial park, with investment reaching up to ₴6B. The new Formatsia-Vinnytsia Industrial Park will cover an area of 175,000 square meters and plans to accommodate 50 companies and generate approximately 3,500 jobs. The project’s developer, Alte...

Thursday, May 22

The EBRD and IFC will examine investment opportunities to facilitate Ukrainian airport development.

The EBRD and IFC will examine investment opportunities to facilitate Ukrainian airport development. The EBRD along with the IFC have introduced a team of experts and a plan to conduct an extensive study to explore potential models for involving the private sector in the management and upkeep of airp...

A prototype battery made from domestic graphite has been tested in Ukraine.

A prototype battery made from domestic graphite has been tested in Ukraine. BGV Group successfully tested a prototype lithium-ion battery using Ukrainian graphite mined in the Kirovohrad region. As part of the pilot project, BGV Graphite developed and tested the anode materia...

Ukraine is set to discuss the abolition of tariffs on metallurgical products with the US.

Ukraine is set to discuss the abolition of tariffs on metallurgical products with the US. The Ministry of Economy of Ukraine is initiating conversations with US officials about removing tariffs on Ukrainian metal products, specifically those imposed during President Trump’s administr...

The end of the visa-free trade program between Ukraine and the EU will impact exports of 30 types of agricultural products.

The end of the visa-free trade program between Ukraine and the EU will impact exports of 30 types of agricultural products. The EU plans to revoke its preferential autonomous trade measures with Ukraine effective June 5, according to Poland’s Prime Minister Donald Tusk, whose country holds the EU presidency until Jul...

The domestic cement industry is poised to meet the increasing demand during the forthcoming reconstruction efforts.

The domestic cement industry is poised to meet the increasing demand during the forthcoming reconstruction efforts. According to Pavlo Kachur, Chairman of the Ukrcement Association, five major cement companies are currently operating in the Ukrainian market, collectively covering nearly the entire country. The tota...

The European Commission anticipates a gradual return of refugees to Ukraine this year.

The European Commission anticipates a gradual return of refugees to Ukraine this year. According to the EC, the number of beneficiaries of temporary protection in the EU as of January 2025 was about 4.3 million people. It is expected that the number of Ukrainians residing in the EU thro...

Wednesday, May 21

The EU and Britain have imposed new sanctions on Russia, as the US refrains.

The EU and Britain have imposed new sanctions on Russia, as the US refrains. The EU Council has approved its 17th package of sanctions against Russia, targeting nearly 200 ships in the shadow fleet. As a result, the total number of sanctioned vessels transporting Russian oil, ...

Zelenskyy will offer Trump a free trade agreement between Ukraine and the US,

Zelenskyy will offer Trump a free trade agreement between Ukraine and the US, said Ukrainian Trade Representative Taras Kachka. He indicated that this topic will be discussed in the next stage of bilateral talks. Kachka noted that the Ukrainian side is interested in such an agr...

Business lending in Ukraine is on the rise, propelled by farmers and builders.

Business lending in Ukraine is on the rise, propelled by farmers and builders. The Banking Sector Review for Q1 2025 shows that banks are increasing the pace of business lending while also extending loans to the consumers. As a result, the growth of the net commercial hryvnia lo...

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