Economy

Wednesday, May 21

Ukraine is steadily shifting from exporting raw materials to providing foreign markets with higher value-added products.

Ukraine is steadily shifting from exporting raw materials to providing foreign markets with higher value-added products. Minister of Agricultural Policy Vitaly Koval mentioned that the agro-processing sector demonstrated growth last year. The most significant increase was seen in fruit and vegetable processing (over 27%...

The Bilhorod-Dnistrovskyy port will be connected by rail to Romania, enhancing the movement of goods from Asia to the EU.

The Bilhorod-Dnistrovskyy port will be connected by rail to Romania, enhancing the movement of goods from Asia to the EU. By the end of the year, the port in the Odesa region intends to facilitate the transit of goods from Asia to EU nations. The route from Bilhorod-Dnistrovskyy to Galati covers 320 kilometers in total: ...

Poland is once again demanding a nearly 50% reduction in imports of Ukrainian cement.

Poland is once again demanding a nearly 50% reduction in imports of Ukrainian cement. The Polish Cement Producers Association (SPC) is asking the EC to restrict imports of Ukrainian cement under the EU trade agreement with Ukraine. The proposed quota for Ukrainian cement is set at 360,...

Tuesday, May 20

The EU has approved a €150B rearmament fund aimed at enhancing support for Ukraine.

The EU has approved a €150B rearmament fund aimed at enhancing support for Ukraine. As reported by Reuters, the EU nations have come to a preliminary agreement on establishing a new credit mechanism for rearmament purposes entitled the Security Action For Europe (SAFE), which is valu...

The EU plans to propose reducing the price cap on Russian oil to the G7 nations as part of its 18th sanctions package.

The EU plans to propose reducing the price cap on Russian oil to the G7 nations as part of its 18th sanctions package. European Commissioner for Economic Affairs Valdis Dombrovskis did not specify the proposed reduction, but may suggest lowering the cap from the current $60 to $50 per barrel. Dombrovskis intends to fo...

Ukraine’s subsoil agreement with the US: How many dormant licenses are there in Ukraine, and what resources can be extracted?

Ukraine’s subsoil agreement with the US: How many dormant licenses are there in Ukraine, and what resources can be extracted? As reported by the State Service of Geology and Subsoil, of the special permits for subsoil use issued in Ukraine, 154 are deemed dormant – indicating that less than 1% of the mineral reserves’ ...

Due to the war, Dragon Capital’s real estate portfolio was reduced by 200,000 square meters, with losses amounting to nearly $65M.

Due to the war, Dragon Capital’s real estate portfolio was reduced by 200,000 square meters, with losses amounting to nearly $65M. The largest investment company in Ukraine currently holds approximately 600,000 square meters in its real estate portfolio, down from its peak of 800,000 square meters, said Tomasz Fiala, the founder ...

The European Commission has revised its economic forecast for Ukraine, lowering its GDP growth prediction for 2025 from 2.8% in November to 2%.

The European Commission has revised its economic forecast for Ukraine, lowering its GDP growth prediction for 2025 from 2.8% in November to 2%. This adjustment is attributed to ongoing war pressures that severely impact production capacity and business confidence. For 2026, the GDP growth forecast has been decreased from 5.9% to 4.7%. A decli...

Experts predict an upcoming surge of mutual investment between Ukraine’s agriculture sector and that of the EU.

Experts predict an upcoming surge of mutual investment between Ukraine’s agriculture sector and that of the EU. Emphasizing the Ukrainian agricultural focus on European markets, Alex Lissitza, president of the Ukrainian Agrarian Business Club, observed that Ukrainian farmers are collaborating on joint projects ...

Ukraine’s top construction companies’ revenue increased by 41% last year, while profit rose by 60%.

Ukraine’s top construction companies’ revenue increased by 41% last year, while profit rose by 60%. The top ten companies in the construction sector generated over ₴49B in revenue in 2024, which is 41% more than in 2023. The combined profit of the industry leaders surged by 60%, reaching ₴3.09B ($74...

Monday, May 19

Ukraine’s allies increase their defense support for Ukraine; Americans are set to manufacture Ukrainian naval drones.

Ukraine’s allies increase their defense support for Ukraine; Americans are set to manufacture Ukrainian naval drones. Red Cat Holdings will start producing Magura V7 Ukrainian drones in the US by the third quarter of 2025, marking a significant breakthrough in exporting Ukrainian naval drone technology. This entry in...

Investments in land, an elevator, and a plant: What does OKKO Group’s agricultural portfolio include?

Investments in land, an elevator, and a plant: What does OKKO Group’s agricultural portfolio include? OKKO Group, which is known for the largest gas station network in Ukraine, has started expanding its agricultural assets. “This year, we finalized a deal for 17,000 hectares in northern Ternopil...

Ukraine paid $770M upfront to foreign weapon suppliers for products that were never delivered.

Ukraine paid $770M upfront to foreign weapon suppliers for products that were never delivered. Since the beginning of the full-scale Russian invasion, Ukraine has paid approximately $770M to foreign intermediaries for arms and ammunition that have never been delivered. Notably, the specialized ...

With help from the Swiss, the Rivne region has launched a factory for freezing berries.

With help from the Swiss, the Rivne region has launched a factory for freezing berries. Located in the village of Ozhenyn, the new facility was set up in a previously abandoned fruit cannery. The enterprise will create 20 jobs and can process 140 tons of high-standard products each year....

Ukraine needs over $17B for reconstruction this year alone.

Ukraine needs over $17B for reconstruction this year alone. According to updated estimates, the total requirement for financing Ukraine’s recovery is $524B, with $17.3B needed for 2025 alone. Among the priorities are housing, critical infrastructure, energy, a...

A Ukrainian rare earth element deposit with confirmed reserves needs around $300M for development.

A Ukrainian rare earth element deposit with confirmed reserves needs around $300M for development. Researchers from the Institute of Economics and Forecasting at the National Academy of Sciences of Ukraine indicate that while the country possesses certain reserves of rare earth elements (REE), most...

Ukraine’s largest hemp processing facility has begun operations in the Zhytomyr region.

Ukraine’s largest hemp processing facility has begun operations in the Zhytomyr region. Ukraine’s largest enterprise for the primary processing of industrial hemp has launched in the Ma’Rijany industrial park in the Zhytomyr region. The Ma’Rijany Hemp Company has built ...

Friday, May 16

The EBRD will facilitate €60M in loans to Ukrainian businesses to enhance energy production, storage, and efficiency.

The EBRD will facilitate €60M in loans to Ukrainian businesses to enhance energy production, storage, and efficiency. Through a risk-sharing arrangement, EBRD will back the issuance of new loans by ProCredit Bank to small and medium-sized enterprises in Ukraine. With EBRD’s assistance, the bank anticipates providing ...

The largest logistics deal concluded during the war to date: A global container giant entered Ukrainian market.

The largest logistics deal concluded during the war to date: A global container giant entered Ukrainian market. Swiss company Medlog SA, the logistics division of one of the world’s largest container operators – Mediterranean Shipping Company (MSC), officially entered the Ukrainian market. In May, the com...

Hungary and Slovakia have alternatives to Russian oil and gas, but they are increasing their dependency.

Hungary and Slovakia have alternatives to Russian oil and gas, but they are increasing their dependency. Since Russia began its full-scale invasion of Ukraine, Hungary and Slovakia have sent €5.4B to Moscow for crude oil alone, a sum sufficient to fund 1,800 Iskander-M missiles. Despite sanctions exempti...

The IFC may allocate €5M to the Flyer One Ventures investment fund for projects in Ukraine.

The IFC may allocate €5M to the Flyer One Ventures investment fund for projects in Ukraine. The International Finance Corporation (IFC) from the World Bank Group may contribute €5M to the Flyer One Ventures (F1V) Fund to invest in technology companies in Ukraine, as well as in Central and Ea...

In Ukraine, only 3,500 out of the 20,000 identified mineral deposits are currently being developed.

In Ukraine, only 3,500 out of the 20,000 identified mineral deposits are currently being developed. The signing of the Agreement on the Establishment of the American-Ukrainian Reconstruction Investment Fund has sparked optimism that tangible investment will finally reach Ukraine’s geological e...

Ukraine maintains a leading position in agricultural exports to the EU.

Ukraine maintains a leading position in agricultural exports to the EU. In 2024, Ukraine entered the top three of the largest exporters of agricultural products to the EU, ranking third with an export volume of €13.1B, which accounts for 6.7% of total agricultural imports...

The cost of electricity for industry is rising, causing some enterprises to lose competitiveness and remain idle.

The cost of electricity for industry is rising, causing some enterprises to lose competitiveness and remain idle. Retail prices for electricity for industrial enterprises in Ukraine increased by an average of 20% in the first ten days of May compared to the average price in April, reported former Energy Minister ...

Thursday, May 15

The Ukrainian Parliament supports allowing arms exports, emphasizing the need for increased governmental support for exporters.

The Ukrainian Parliament supports allowing arms exports, emphasizing the need for increased governmental support for exporters. Danylo Hetmantsev, the head of the parliamentary finance committee, argues that resuming military product exports would achieve four objectives: Attract additional financial resources from foreign cli...

Ukraine has finalized all of the steps that are necessary to establish the US-Ukraine Reconstruction Investment Fund.

Ukraine has finalized all of the steps that are necessary to establish the US-Ukraine Reconstruction Investment Fund. Recently, the Ukrainian Agency for Public-Private Partnerships (PPP) and the US International Development Finance Corporation (DFC) signed two more agreements related to the fund’s launch. These...

The largest Ukrainian mineral water producer has launched its first solar power plant. How much will it save?

The largest Ukrainian mineral water producer has launched its first solar power plant. How much will it save? IDS Ukraine Group has initiated its own solar power generation. A 1.4 MW solar power plant is now operational at the Myrhorod Mineral Water Plant, generating up to 600 kWh even in cloudy weather. This...

Ukrainian businesses remain positive about their long-term perspectives.

Ukrainian businesses remain positive about their long-term perspectives. Despite geopolitical instability, long-term economic forecasts for Ukrainian businesses have improved. The optimism index rose from 0.11 to 0.15 points, based on a monthly survey of business leaders b...

EU ambassadors have approved a new sanctions package targeting Russia.

EU ambassadors have approved a new sanctions package targeting Russia. In response to Russia’s refusal to agree to a ceasefire, Europeans are set to impose a tough 17th package of EU sanctions. However, it may be weaker than expected. The package has already receiv...

The EU intends to increase tariffs on Ukrainian imports and has suggested an interim solution until a trade agreement is updated.

The EU intends to increase tariffs on Ukrainian imports and has suggested an interim solution until a trade agreement is updated. The EU aims to impose higher tariffs on Ukrainian products entering its market after June 5, when the current duty-free trade arrangement will end. The Ukrainian government estimates that reverting to...

Kyiv’s elite real estate market is beginning to recover after a prolonged downturn.

Kyiv’s elite real estate market is beginning to recover after a prolonged downturn. Since 2022, elite properties in Ukraine have undergone significant changes. The severe downturn at the onset of the war resulted in stagnation for several years. However, last year marked the first si...

The cost of building shopping malls in Ukraine has increased by 20% during the war.

The cost of building shopping malls in Ukraine has increased by 20% during the war. The construction of shopping malls is actively progressing in Ukraine. After 2022, 56 shopping malls have been launched or restored with almost one million square meters of retail space. By 2025, it i...

Wednesday, May 14

The Minerals Deal: A Critical Step in Ukraine’s Path Towards Independence

The Minerals Deal: A Critical Step in Ukraine’s Path Towards Independence In his infamous 2021 essay, “On the Historical Unity of Russians and Ukrainians”, published just 7 months before the full-scale invasion, President Putin insisted that the “true sovereignty of Ukraine...

Trump has thwarted the EU’s plan for sanctions against Russia, so now Ukraine’s allies are waiting for the results of the Istanbul meeting.

Trump has thwarted the EU’s plan for sanctions against Russia, so now Ukraine’s allies are waiting for the results of the Istanbul meeting. European leaders’ attempts to compel the US to impose new sanctions on Russia were thwarted by US President Donald Trump’s intervention, as he publicly called on Ukraine to “immediately” s...

Mining of minerals in Ukraine under the deal with the US won’t commence until after 2040.

Mining of minerals in Ukraine under the deal with the US won’t commence until after 2040. According to industry sources, the subsoil agreement forged by US President Donald Trump with Ukraine is unlikely to generate substantial returns for at least a decade, and it will necessitate conside...

Dragon Capital has updated its macroeconomic forecast to reflect a potential peace agreement.

Dragon Capital has updated its macroeconomic forecast to reflect a potential peace agreement. Ukraine’s real GDP growth in 2025 could accelerate to 3.5-5.5% if Ukraine and Russia reach an agreement on a long-term ceasefire. If the war continues, Ukraine’s economic growth will slow ...

Ukraine plans to boost exports of essential crops for the upcoming season.

Ukraine plans to boost exports of essential crops for the upcoming season. This marks the first release of the US Department of Agriculture’s (USDA) grain export forecast for the 2025/26 marketing year, projecting wheat exports to reach 16.5 million tons, while corn ex...

Cold storage facilities remain one of the scarcest and most strategically important segments of Kyiv’s warehouse real estate market.

Cold storage facilities remain one of the scarcest and most strategically important segments of Kyiv’s warehouse real estate market. Cold storage facilities in Ukraine have suffered significantly during the war, and today there is particularly high demand for temperature-controlled premises, reports CBRE. The shortage of cold stora...

How has Ukraine’s demographic situation changed since it gained independence?

How has Ukraine’s demographic situation changed since it gained independence? Since 1991, Ukraine has experienced a steady decline in the birth rate. In 1990-1991, 657,200 and 630,800 children were born, respectively; by 2024, this number has dropped to only 176,100. This indic...

Tuesday, May 13

Ukraine expects the mineral deal with the US to be fully operational within a few weeks and that it will help to ensure national security.

Ukraine expects the mineral deal with the US to be fully operational within a few weeks and that it will help to ensure national security. Through this agreement, Ukraine has finally become not just a recipient of support but a full-fledged US partner, noted the head of the Office of the President of Ukraine, Andriy Yermak, adding that t...

The European Commission has finalized its initial contracts for investments in Ukraine’s defense sector,

The European Commission has finalized its initial contracts for investments in Ukraine’s defense sector, with the EU allocating €900M for weapons for the Armed Forces of Ukraine sourced from profits generated by frozen Russian assets. Deputy Secretary General of the EU Foreign Affairs Service Charles Fri...

The EU is considering the introduction of three sanction packages targeting Russia.

The EU is considering the introduction of three sanction packages targeting Russia. The first package, labeled the 17th, will target tankers, nations aiding Russia in bypassing restrictions, and firms in the Russian military-industrial sector. The second package focuses on combating ...

How is the Ukrainian retail sector evolving during the war?

How is the Ukrainian retail sector evolving during the war? Andriy Zhuk, Chairman of the Retailers Association of Ukraine (RAU), observed that last year pharmacy retail was the most actively developing segment, accounting for 45% of all new retail locations. N...

Prices for agricultural land in different regions of Ukraine vary by more than 900%.

Prices for agricultural land in different regions of Ukraine vary by more than 900%. At the end of April, the average cost of a hectare of land in Ukraine was ₴86,655 ($2,090), which is over ₴32,000 ($772) higher than a month earlier (+59%). This marks the highest figure since the beg...

Ukrainian employers have pinpointed the most sought-after professions and voiced concerns regarding job seekers’ unrealistic salary expectations.

Ukrainian employers have pinpointed the most sought-after professions and voiced concerns regarding job seekers’ unrealistic salary expectations. A labor market study reveals that the most in-demand roles largely consist of blue-collar specialties. The top professions listed include agricultural tractor driver, mechanic-repairman, electric and ...

Ukrainian startups can secure significant investment, with a focus on available funding avenues.

Ukrainian startups can secure significant investment, with a focus on available funding avenues. The European Innovation Council (EIC) is a central initiative within the Horizon Europe framework established by the European Commission, designed to identify, develop, and scale innovative technologi...

Monday, May 12

The West is preparing sanctions for a new blow against the Russian economy.

The West is preparing sanctions for a new blow against the Russian economy. Finland has proposed imposing duties on all imports from Russia to the EU, which will operate simultaneously with existing sanctions. This step will not require unanimity from all member states. The p...

Only 25% of businesses in Ukraine plan for active growth in 2025.

Only 25% of businesses in Ukraine plan for active growth in 2025. According to a study, 20% of companies plan to actively hire employees, while 39% will limit themselves to selective recruitment, and 34% will not change their personnel levels. At the same time, 7% o...

April’s inflation in Ukraine exceeded 15% for the first time in two years.

April’s inflation in Ukraine exceeded 15% for the first time in two years. In April 2025, inflation in the consumer market was 0.7%. In annual terms, price growth accelerated to 15.1%, compared to 14.6% in March, as reported by the State Statistics Service. Prices for food p...

Friday, May 9

Ukraine ratified the mineral agreement with the US: What do we need to know about the partnership?

Ukraine ratified the mineral agreement with the US: What do we need to know about the partnership? The first contribution will come from the US International Development Finance Corporation (DFC). According to Minister of Economy of Ukraine Yulia Svyrydenko, Ukraine has not yet signed two other agr...

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