Economy

Thursday, February 6

The US should invest $10B in the Ukrainian defense industry to change the situation on the front and strengthen its defense.

The US should invest $10B in the Ukrainian defense industry to change the situation on the front and strengthen its defense. The Ukrainian-American defense accelerator MITS has calculated that $10B invested in the Ukrainian defense industry can significantly change the situation on the battlefield, create a strategic bridge...

Ukraine’s reconstruction: Svyrydenko presents investment support mechanisms.

Ukraine’s reconstruction: Svyrydenko presents investment support mechanisms. Ukrainian Economy Minister Yulia Svyrydenko met with representatives from multiple EU governments (France, Italy, Germany, and eight other countries) to discuss deepening economic cooperation, attract...

There is no turning back, as 59% of Ukrainian refugees in the Netherlands are employed and receive long-term residence permits.

There is no turning back, as 59% of Ukrainian refugees in the Netherlands are employed and receive long-term residence permits. The chances of Ukrainian refugees returning home are fading in front of our eyes. Of the 92,000 refugees of Ukrainian origin aged 15 to 65 in the Netherlands as of November 1 2024, over 59% are employ...

Wednesday, February 5

What agricultural products did Ukraine purchase abroad in 2024?

What agricultural products did Ukraine purchase abroad in 2024? Last year, the Institute of Agrarian Economics reported that agricultural products worth $7.82B were imported to Ukraine, which is 9.7% more than in 2023. The structure of these imported supplies is d...

Business activity remains stable, but falling employee numbers and rising prices for goods and services is expected.

Business activity remains stable, but falling employee numbers and rising prices for goods and services is expected. The Business Activity Expectations Index (BAEI) in January 2025 was 41, matching the level from January 2024. The challenging security situation hindered the BAEI’s dynamics, along with a lack o...

Russia has growing problems exporting its oil as the latest sanctions hit the “shadow fleet” hard.

Russia has growing problems exporting its oil as the latest sanctions hit the “shadow fleet” hard. Russian tankers have used various tactics to circumvent restrictions and deliver Russian oil while concealing its source. But now the “shadow fleet” consisting of about 1,300 ships is face...

The largest exporter of cabinet furniture in Ukraine plans to invest $14M to expand its production capacity.

The largest exporter of cabinet furniture in Ukraine plans to invest $14M to expand its production capacity. Accord Import, the top furniture exporter in the country, is set to begin construction of a new plant in Khmelnytskyi. Currently, the existing Accord Import facility is operating at full capacity. App...

In response to EU quotas, Ukraine has reoriented its sugar exports to new markets, and shipments have increased by 17%.

In response to EU quotas, Ukraine has reoriented its sugar exports to new markets, and shipments have increased by 17%. In the first five months of the 2024/25 marketing year (September-January), Ukraine exported more than 352,000 tons of sugar, which is 17% more than in the same period last season. The entire export v...

A new industrial park with ₴782M invested will be built in the Dnipropetrovsk region.

A new industrial park with ₴782M invested will be built in the Dnipropetrovsk region. The government has registered a new industrial park, Zhovti Vody, in the Dnipropetrovsk region. The industrial site will create about 500 jobs in high-tech and innovative sectors. This is the second p...

Tuesday, February 4

Trump wants Ukrainian natural resources in exchange for continued US weapons.

Trump wants Ukrainian natural resources in exchange for continued US weapons. President Donald Trump said his administration wants an agreement with Ukraine in which the war-torn country will provide access to its rare earth resources in return for the US’ assistance in i...

What is the current price for land in Ukraine, and how has it changed since the Land Market opened in 2021?

What is the current price for land in Ukraine, and how has it changed since the Land Market opened in 2021? According to industry experts, the price of land at the beginning of trade in Ukraine’s agricultural land market in 2021 was ₴32,972 per hectare, roughly €1,000 at the 2021 exchange rate. Despit...

What new investment opportunities are arising within the framework of privatization?

What new investment opportunities are arising within the framework of privatization? The State Property Fund of Ukraine (SPFU) is preparing to privatize the Vinnytsiapobuthim enterprise, which manufactures goods under the trademarks Vukhastyk, Sarma, and Lotos, said Ivanna Smachylo, t...

Ukraine has made a significant advancement in the digitalization of international trade: How will exports be impacted?

Ukraine has made a significant advancement in the digitalization of international trade: How will exports be impacted? Ukraine has officially joined the international ePhyto Solution system (Electronic Phytosanitary Certificate System), enabling the exchange of electronic phytosanitary certificates with 124 countries ...

Retail turnover in Ukraine grew by 18%, but a third of retail revenue occurs in the shadows.

Retail turnover in Ukraine grew by 18%, but a third of retail revenue occurs in the shadows. According to UTG estimates, Ukraine’s 2024 retail turnover is expected to amount to ₴2.184T despite the war, which is 17.7% more than in 2023 (₴1.822T). Turnover is also growing in dollar equiva...

Polish businesses are preparing for Ukraine’s reconstruction: Which industries will be the first to get involved?

Polish businesses are preparing for Ukraine’s reconstruction: Which industries will be the first to get involved? Polish companies are preparing to rebuild Ukraine, and constant contact is being maintained with them, said the Polish government’s commissioner for the reconstruction of Ukraine, Pawel Kowal. &...

What threats are facing the Ukrainian agricultural market at the beginning of the year?

What threats are facing the Ukrainian agricultural market at the beginning of the year? Minister of Agricultural Policy Vitaly Koval said that the USAID suspension would negatively affect the Ukrainian agricultural sector, as many producers were waiting for the supply of equipment that h...

What is driving Ukraine’s housing market?

What is driving Ukraine’s housing market? The Confederation of Builders of Ukraine reported that thanks to eOselya, the state preferential mortgage program, housing sales in the country have increased. According to developers, during the last...

Monday, February 3

The NBU forecast: What will happen to inflation and GDP in 2025-2026?

The NBU forecast: What will happen to inflation and GDP in 2025-2026? Inflation in Ukraine is expected to decrease during 2025-2026, dropping to 5%. According to the National Bank’s forecast, inflation will peak in the second quarter of 2025, and begin to decline ...

Ukrainian retailers are building out their logistics infrastructure to ensure operational stability.

Ukrainian retailers are building out their logistics infrastructure to ensure operational stability. Over the course of the war, companies across various retail segments have been building or purchasing warehouses. For instance, the Eva cosmetics sales network is considering acquiring a logistics com...

The first textile waste processing line in Ukraine, valued at ₴30M, has been launched in the Kyiv region.

The first textile waste processing line in Ukraine, valued at ₴30M, has been launched in the Kyiv region. In Irpin, the new facility, which processes textile waste with a capacity of 2,500 tons annually, has commenced operations under wartime conditions. These scraps originate from the production of cloth...

Alterra Group invests $8.5M to expand its logistics center due to increased demand.

Alterra Group invests $8.5M to expand its logistics center due to increased demand. Alterra Group, specializing in developing and managing commercial real estate, has invested $8.5M in expanding the Joule logistics center (Svyatopetrivske, Kyiv region) from 8,000 to 20,000 square fee...

Ukrainian manufacturers of fire and specialized equipment is investing $15M in a new plant.

Ukrainian manufacturers of fire and specialized equipment is investing $15M in a new plant. Pozhmashyna, one of Ukraine’s leading manufacturers of fire and specialized equipment, has announced the construction of a new plant in Lviv. The relevant agreement was signed with the Formatsia...

Friday, January 31

Europe is ready to increase defense spending.

Europe is ready to increase defense spending. Most EU countries that are also NATO members are likely to agree to increase the defense spending target at the Alliance’s June summit, European Council President Antonio Costa said. An informal...

Canada’s Black Iron has secured land in the Dnipropetrovsk region to develop the Shymanivske iron ore project.

Canada’s Black Iron has secured land in the Dnipropetrovsk region to develop the Shymanivske iron ore project. Canadian iron ore exploration and development company Black Iron has signed a multi-year agreement with the city of Kryvyi Rih to lease 248 hectares of land. This area is critical for completing the r...

Why did Ukraine’s largest mineral fertilizer producers reduce production last year?

Why did Ukraine’s largest mineral fertilizer producers reduce production last year? In 2024, the average annual capacity utilization of companies belonging to OSTCHEM, which unites Ukraine’s largest mineral fertilizer producers, did not exceed 70%. The holding plants produced 1...

In September, the second phase of the KYT industrial park will be launched in the Kyiv region.

In September, the second phase of the KYT industrial park will be launched in the Kyiv region. The second phase’s launch is located in Bucha (Kyiv region), where the production of building materials, metal-plastic doors, and windows is planned, and is scheduled for September 2025. Althoug...

Ukraine has proposed implementing a schedule for exporting agricultural products to maintain duty-free trade.

Ukraine has proposed implementing a schedule for exporting agricultural products to maintain duty-free trade. The Ministry of Agrarian Policy has suggested a new mechanism for the export of Ukrainian agricultural products to the EU. This proposal arises because, according to RMF24, the EU plans not to extend ...

Ukraine’s demolition waste recycling industry is growing: Where are new facilities being launched?

Ukraine’s demolition waste recycling industry is growing: Where are new facilities being launched? A construction waste recycling plant has been put into operation in Chernihiv. The UNDP in Ukraine provided the latest equipment in cooperation with international donors, thus supporting the cities mo...

Thursday, January 30

The government will create mechanisms to stimulate housing construction in Ukraine.

The government will create mechanisms to stimulate housing construction in Ukraine. Prime Minister Denys Shmyhal has tasked relevant state structures with developing effective methods to promote housing construction in light of the destruction and damage to 10% of Ukraine’s hou...

HD Hyundai has opened a representative office in Ukraine and plans to participate in Ukraine’s reconstruction efforts.

HD Hyundai has opened a representative office in Ukraine and plans to participate in Ukraine’s reconstruction efforts. South Korean company HD Hyundai XiteSolution has officially established a representative office in Kyiv. According to the Ministry of Economy, the company embodies a comprehensive approach to cooperat...

Russian LNG, aluminum, and the shadow fleet: What is the new EU sanctions package targeting?

Russian LNG, aluminum, and the shadow fleet: What is the new EU sanctions package targeting? The 16th package of EU sanctions targeting Russia will not include a general ban on the import of Russian LNG. Instead, LNG supplies to terminals not connected to the EU’s common gas distributio...

Ukrainian graphite is being tested for use in lithium-ion batteries.

Ukrainian graphite is being tested for use in lithium-ion batteries. BGV Group has completed laboratory and semi-industrial tests on the additional purification of graphite to battery quality, 99.99% purity, and the subsequent production of spherical graphite (SPG). Th...

Ukraine has launched its third biomethane plant and plans to produce bioethanol in partnership with Brazil.

Ukraine has launched its third biomethane plant and plans to produce bioethanol in partnership with Brazil. A third company in Ukraine has begun producing biomethane at its facility, and four more are expected to become operational within the year. The first two biomethane plants are reported to have an ann...

The war’s cost: State debt has surged by 100% in three years, but default was avoided.

The war’s cost: State debt has surged by 100% in three years, but default was avoided. Since the onset of Russia’s full-scale invasion, Ukraine’s state debt has risen by 156% (+₴4.25T) in hryvnia and by 78% (+$72.7B) in foreign currency, according to Danylo Hetmantsev, chair...

Wednesday, January 29

Russia will find itself on the verge of collapse if it loses China, a large oil customer.

Russia will find itself on the verge of collapse if it loses China, a large oil customer. Trading in Russian oil for March loadings in Asia has stopped as China is faced with a wide price gap between buyers and sellers. This comes after tanker freight costs soared due to the latest round o...

The EC may not continue preferential trade with Ukraine in its current form: What changes are being proposed?

The EC may not continue preferential trade with Ukraine in its current form: What changes are being proposed? The European Commission is reportedly considering discontinuing the preferential trade regime for Ukraine as it stands in June and has already begun negotiations on new terms. However, there is no con...

A Ukrainian metallurgical giant has outlined the conditions for attracting investment in the exploration and development of minerals in Ukraine.

A Ukrainian metallurgical giant has outlined the conditions for attracting investment in the exploration and development of minerals in Ukraine. Metinvest, the mining and metallurgical group, states that extracting and processing minerals is relatively capital-intensive, requiring investors to make substantial initial investments to develop en...

Germany has increased its purchases of Russian LNG by over 500% through other EU countries.

Germany has increased its purchases of Russian LNG by over 500% through other EU countries. Although Germany has banned tankers carrying Russian LNG, it continues to acquire it through other EU nations. For instance, the energy company Sefe, which was formerly owned by Gazprom and was nation...

Ukraine will receive €300 million from the EIB to restore three hydroelectric power plants and modernize central heating.

Ukraine will receive €300 million from the EIB to restore three hydroelectric power plants and modernize central heating. Prime Minister Denys Shmyhal announced that Ukraine will secure funding from the European Investment Bank to restore the Dnipro hydroelectric power plants and modernize its central heating infrastruct...

In 2025, which professionals will be in demand in the Ukrainian labor market?

In 2025, which professionals will be in demand in the Ukrainian labor market? Labor analysts predict that the demand for builders and various types of skilled workers (locksmiths, mechanics, electricians, etc.) will remain high in 2025 as the shortage of personnel in production...

A Ukrainian developer has summarized the work results on its shopping centers for 2024.

A Ukrainian developer has summarized the work results on its shopping centers for 2024. Budhouse Group shopping centers welcomed 22 million visitors last year, with attendance remaining unchanged compared to 2023. Attendance at the Nikolsky shopping center decreased due to extensive shel...

Tuesday, January 28

The EU has agreed to extend Russian sanctions; the EC will negotiate gas transit terms with Ukraine with Slovakia and Hungary’s participation.

The EU has agreed to extend Russian sanctions; the EC will negotiate gas transit terms with Ukraine with Slovakia and Hungary’s participation. On January 27, the EU Council of Ministers extended its economic sanctions targeting Russia for another six months. The previous restrictions were due to expire on January 31, but they will now be in ...

NBU: Commercial and consumer lending is trending up in Ukraine.

NBU: Commercial and consumer lending is trending up in Ukraine. In 2024, Ukrainian banks saw their net commercial loan portfolios grow by ₴65B (21%) and their consumer loan portfolios increase by ₴62B (39%), said Andriy Pyshnyy, Chairman of the NBU. According to h...

Businesses are in no rush to connect their distributed generation to Ukraine’s power system due to debts in the market.

Businesses are in no rush to connect their distributed generation to Ukraine’s power system due to debts in the market. Ukrainian companies have built hundreds of megawatts of distributed generation capacity for their own needs but are in no hurry to connect these generation capacities to the power system. The energy m...

Businesses plan to build a system of private vegetable storage facilities in Ukraine.

Businesses plan to build a system of private vegetable storage facilities in Ukraine. The Ministry of Agrarian Policy stated that in 2025 Ukraine plans to build a private network of vegetable storage facilities with the help of private businesses. Large companies produce only 450,000 t...

In Ukraine, a record number of industrial parks was registered in 2024: The Lviv and Zakarpattia regions lead the way.

In Ukraine, a record number of industrial parks was registered in 2024: The Lviv and Zakarpattia regions lead the way. In 2024, no less than 55 industrial parks were created in Ukraine, said Valeriy Kyrylko, owner of the Industrial Parks of Ukraine group of companies. Thirty-one of these parks were included in the Reg...

A furniture factory in Transcarpathia will bring in 160 workers from Bangladesh because Ukrainians do not want to work for ₴25,000 per month.

A furniture factory in Transcarpathia will bring in 160 workers from Bangladesh because Ukrainians do not want to work for ₴25,000 per month. The Lamella enterprise in Transcarpathia, specializing in furniture manufacturing, is negotiating with the Ministry of Foreign Affairs to employ 160 people from Bangladesh under employment contracts i...

Most housing units built during the war are in the west, but the highest sales were in the center and south of Ukraine.

Most housing units built during the war are in the west, but the highest sales were in the center and south of Ukraine. According to the National Bank, the largest number of housing purchase and sale agreements on the secondary market for 10 months of last year was concluded in the Dnipropetrovsk region – 12% of the to...

Monday, January 27

The US has suspended the admission of migrants, and Ukraine is preparing for its refugees to return from the European Union.

The US has suspended the admission of migrants, and Ukraine is preparing for its refugees to return from the European Union. The US Department of Homeland Security has suspended programs that allowed migrants to temporarily settle in the US, in particular a key initiative that provides entry for Ukrainians. The Uniting for ...

Critical raw materials reserves can drive Ukraine’s economic growth.

Critical raw materials reserves can drive Ukraine’s economic growth. Significant reserves of critical raw materials are capable of becoming an essential factor in Ukraine’s economic development and could help it to integrate into global processes, says We Build U...

Follow us