Economy

Friday, May 9

European exports to Ukraine are growing faster than imports of Ukrainian goods.

European exports to Ukraine are growing faster than imports of Ukrainian goods. Last year, the European Union exported goods valued at €42.8B to Ukraine and imported €24.5B, resulting in a trade surplus of €18.3B, according to Eurostat data. Compared to 2023, exports and imports ...

Defense experts outline possible conditions for the export of Ukrainian defense industry products.

Defense experts outline possible conditions for the export of Ukrainian defense industry products. Ihor Fomenko, the General Director of the Defense Division of the Federation of Employers of Ukraine, stated that several options for exporting Ukrainian defense products are currently being considere...

For every new individual enterprise in Ukraine, there are currently 1.5 closures.

For every new individual enterprise in Ukraine, there are currently 1.5 closures. According to the Opendatabot analytical portal, 81,928 individual entrepreneurs have opened in Ukraine since the beginning of the year, which is 9% less than during the same period last year. Meanwhil...

The war has raised the cost of a square meter of housing in Ukraine by 100%.

The war has raised the cost of a square meter of housing in Ukraine by 100%. Over the three years of the war, the cost of housing construction in Ukraine has increased by an average of 90-115%, depending on the housing class, and it continues to grow. The reasons lie not only ...

Thursday, May 8

Despite official statements, the EU’s complete elimination of Russian gas is problematic.

Despite official statements, the EU’s complete elimination of Russian gas is problematic. In the absence of sanctions, it will be difficult for European buyers to terminate gas contracts under force majeure conditions. While a possible peace agreement between Russia and Ukraine may ease sa...

Do the details of the subsoil agreement with the US ensure parity?

Do the details of the subsoil agreement with the US ensure parity? The framework intergovernmental agreement between Ukraine and the US apparently contains two unpublished documents that were signed in Washington. According to these documents, the American side will ...

The EC has proposed its 17th package of Russian sanctions: Where will the blow land?

The EC has proposed its 17th package of Russian sanctions: Where will the blow land? The European Commission has finalized the preparation of the 17th package of sanctions targeting Russia, proposing restrictions on more than 150 vessels associated with the Russian shadow fleet that i...

The US-Ukraine mineral resources agreement provides the $1.2B Black Iron ore project a boost.

The US-Ukraine mineral resources agreement provides the $1.2B Black Iron ore project a boost. Canadian mining company Black Iron Inc., which operates the Shymanivske iron ore project, has supported the signing of a joint mineral resources agreement between Ukraine and the US, hoping that the d...

Business experts predict growth in Ukrainian exports.

Business experts predict growth in Ukrainian exports. The President of the Ukrainian Chamber of Commerce and Industry (UCCI) Gennady Chyzhykov noted that last year the volume of Ukrainian exports reached 129.2 million tons of goods ($41B). The continuati...

What Ukrainian goods and services are in high demand in EU markets?

What Ukrainian goods and services are in high demand in EU markets? Experts from the EasyBusiness NGO and Civitta, within the framework of the Better Market Connectivity of Ukraine to the EU project, conducted a comprehensive analysis of the export opportunities for U...

Ukrainians increased their tax contributions to the Polish budget by 27% last year.

Ukrainians increased their tax contributions to the Polish budget by 27% last year. In 2024, Ukrainians paid nearly PLN 1.65B ($414M) to the Polish state budget in personal income taxes (PIT) and corporate income taxes (CIT), according to Gremi Personal analysts. This represents an i...

Norwegian Norfund has identified priority areas for €14.5M in investment in Ukraine.

Norwegian Norfund has identified priority areas for €14.5M in investment in Ukraine. Ukrainian leadership from the Ministry of Finance held a working meeting with representatives of the Norwegian Norfund investment fund, during which they discussed opportunities for Ukraine’s re...

Wednesday, May 7

Trump plans to use oil prices and the Ukrainian mineral deal to pressure Putin into accepting peace.

Trump plans to use oil prices and the Ukrainian mineral deal to pressure Putin into accepting peace. US President Donald Trump stated that falling oil prices are increasing pressure on Russia and raising the likelihood of a peace deal being reached that will end the war in Ukraine. “Now that oi...

Russian oil prices have fallen to a two-year low and are already 40% below the budget target.

Russian oil prices have fallen to a two-year low and are already 40% below the budget target. The Russian economy is showing a decline for the first time since 2022. The price of Russian oil in rubles has dropped below ₽4,000 per barrel for the first time in two years. This is approximately 40...

What difficulties await investors who are interested in the mineral deal between Ukraine and the US?

What difficulties await investors who are interested in the mineral deal between Ukraine and the US? The agreement on joint investment in Ukrainian subsoil does not yet promise quick profits. The agreement encompasses all types of resources, from oil and gas to various metals and minerals. While Ukra...

The reconstruction investment fund needs guarantees that will be ratified by the Ukrainian Parliament.

The reconstruction investment fund needs guarantees that will be ratified by the Ukrainian Parliament. Deputy Minister of Economy Taras Kachka explained that the mineral agreement with the US, which provides for the creation of a separate investment fund, will be ratified solely by the Ukrainian side. ...

Which sector in Ukraine will suffer the most from the suspension of the customs visa-free regime with the EU, and is there an alternative?

Which sector in Ukraine will suffer the most from the suspension of the customs visa-free regime with the EU, and is there an alternative? Analysts note that the EU will not extend the trade visa-free regime, which allowed Ukraine to trade goods duty-free. Poland and several other countries opposed the automatic extension. However, the E...

The Cabinet of Ministers is preparing to allow the export of defense products in May: What are the scenarios that are being envisioned for manufacturers?

The Cabinet of Ministers is preparing to allow the export of defense products in May: What are the scenarios that are being envisioned for manufacturers? The Ukrainian government may permit the export of defense products as early as May, and work on this has been ongoing for several months. Government sources say that the president has already approved...

A German drone manufacturer with assets in Ukraine raises €160M and becomes a unicorn.

A German drone manufacturer with assets in Ukraine raises €160M and becomes a unicorn. Autonomous UAV manufacturer Quantum Systems from Germany has secured €160M in Series C funding, led by the British venture capital firm Balderton Capital. The funds will be used for researching and de...

A blow to the Russian energy sector: The EU has presented a plan for a complete phaseout of Russian energy carriers.

A blow to the Russian energy sector: The EU has presented a plan for a complete phaseout of Russian energy carriers. The European Commission published a plan for EU countries to entirely eliminate Russian energy carriers, through which negotiations on new contracts with suppliers of Russian gas (pipeline and LNG) wi...

Ukraine will need $300B in investment for its post-war recovery.

Ukraine will need $300B in investment for its post-war recovery. According to a KSE report, Ukraine’s GDP is projected to grow by about 3% in 2025, and after the war ends in 2026-2027, the growth rate is expected to accelerate. One critically important factor in ma...

In response to structural challenges in the labor market, demographic changes, and the consequences of war, Ukraine is developing an employment strategy.

In response to structural challenges in the labor market, demographic changes, and the consequences of war, Ukraine is developing an employment strategy. The main goal of the initiative is to promote economic development by reducing unemployment, ensure equal access to quality jobs, and create a flexible, inclusive employment system. It is predicted th...

Tuesday, May 6

Trump is considering the introduction of new sanctions against Russia.

Trump is considering the introduction of new sanctions against Russia. US President Donald Trump said that he does not rule out the possibility of signing a bill proposed by Republican Senator Lindsey Graham, which aims to strengthen sanctions against Russia. “It w...

The US-Ukraine Reconstruction Investment Fund will be operational within a few months.

The US-Ukraine Reconstruction Investment Fund will be operational within a few months. According to Economy Minister Yulia Svyrydenko: “Our task is to do it as quickly as possible. I think it will take months, not years.” According to the WSJ, oil and gas projects are likel...

Experts doubt the effectiveness of EU sanctions: Imports of Russian metal products have increased significantly.

Experts doubt the effectiveness of EU sanctions: Imports of Russian metal products have increased significantly. Despite the ongoing Russian aggression against Ukraine and EU sanctions, Russian manufacturers continue to receive substantial income from exports of metal products and minerals to the EU, particularl...

The IMF recommends increasing several tax rates to satisfy Ukraine’s 2026 state budget.

The IMF recommends increasing several tax rates to satisfy Ukraine’s 2026 state budget. At the 2025 Spring Meetings in Washington, the IMF provided Ukrainian government officials with various recommendations on addressing the state budget for 2026. It is noted that representatives from U...

The EU is set to extend the preferential import regime for Ukrainian metallurgical products.

The EU is set to extend the preferential import regime for Ukrainian metallurgical products. On May 8, the European Parliament will consider the issue of introducing a preferential regime for exports of Ukrainian steel and iron to the EU following the conclusion of the visa-free trade period ...

Top Ukrainian agribusinesses increased their revenue by 70% in 2024.

Top Ukrainian agribusinesses increased their revenue by 70% in 2024. Agribusinesses listed in the Opendatabot Index generated ₴146B in revenue last year, reflecting an overall revenue increase of 70%. For the first time since the onset of the full-scale war, all leader...

Monday, May 5

On May 8, the Ukrainian Parliament plans to ratify the economic partnership agreement with the US regarding the establishment of a Reconstruction Investment Fund.

On May 8, the Ukrainian Parliament plans to ratify the economic partnership agreement with the US regarding the establishment of a Reconstruction Investment Fund. The agreement with the US entails the establishment of the Reconstruction Investment Fund, which will be jointly managed by Kyiv and the Washington. The fund will be registered in the US, but the acco...

The long game: Profits from the US mineral deal may not materialize for more than 10 years.

The long game: Profits from the US mineral deal may not materialize for more than 10 years. The returns from the Ukraine-US mineral deal are likely to emerge in 10 years or more, because investors will encounter specific challenges in implementing projects connected with it. The development ...

The mineral deal between Ukraine and the US has split Russia’s political elite into two factions regarding the continuation of the war.

The mineral deal between Ukraine and the US has split Russia’s political elite into two factions regarding the continuation of the war. The agreement on natural resource development, which was reached by the US and Ukraine after two months of intense negotiations, has generated anxiety in the Kremlin. The Russian elite fear the growin...

Ukrainian DroneUA aims to capture up to 5% of the American agricultural drone market.

Ukrainian DroneUA aims to capture up to 5% of the American agricultural drone market. According to Valery Yakovenko, co-founder of the drone systems company DroneUA, the first year of operation in the American market generated $15M in turnover for the company. After launching productio...

How has the war impacted Ukraine’s venture capital market?

How has the war impacted Ukraine’s venture capital market? With the onset of the Russian full-scale invasion, many foreign investors halted their funding of Ukrainian startups due to heightened risk and instability. Some companies relocated their operations a...

Investors are being sought in Ukraine across various industries.

Investors are being sought in Ukraine across various industries. In the Chernihiv region, a newly built flour mill with a capacity of 130 tons per day and grain warehouses able to hold over 20,000 tons are on the market for $2.6M. The facility is situated 30 kilome...

Ukraine’s construction industry is recovering despite the war.

Ukraine’s construction industry is recovering despite the war. According to Trading Economics, in 2025 Ukraine’s construction sector shows signs of recovery and growth, despite the challenges posed by the consequences of hostilities and economic instability...

Friday, May 2

Ukraine and the US have signed a historic critic minerals deal.

Ukraine and the US have signed a historic critic minerals deal. Here are the key provisions of the subsoil agreement: Full ownership and control remain with Ukraine. All resources within the country’s territory and territorial waters belong to Ukraine. It is...

The US will contribute weapons, but how will the Investment Fund for the Reconstruction of Ukraine work?

The US will contribute weapons, but how will the Investment Fund for the Reconstruction of Ukraine work? The US plans to supply weapons to Ukraine in addition to direct funding, and this may also encompass new military assistance, such as air defense systems for Ukraine. Meanwhile, Ukraine will contribut...

The US considers the signing of the mineral agreement to be a crucial step in ending the war.

The US considers the signing of the mineral agreement to be a crucial step in ending the war. US President Donald Trump, commenting on the mineral agreement with Ukraine, stated that the US “will gain much more from the agreement than the $350B provided to Ukraine.” He argued that ...

Billions in investment will be necessary to extract Ukraine’s various minerals.

Billions in investment will be necessary to extract Ukraine’s various minerals. The US and Ukraine signed a subsoil agreement on April 30. However, the true value of Ukraine’s minerals remains uncertain. U.S. President Donald Trump has suggested that the worth of Ukraine’s subsoi...

The Ukrainian hotel market is experiencing a revival, with regions exceeding pre-war occupancy and prices.

The Ukrainian hotel market is experiencing a revival, with regions exceeding pre-war occupancy and prices. According to hotel analytics service HotelMatrix, in the first quarter of 2025 the average daily rate (ADR) for Ukrainian hotels in major tourist regions showed record growth. Hotel prices in Kyiv con...

Putin will have to make a choice: pursue negotiations and end the war or face the collapse of the Russian economy. The US Congress is preparing to impose a 500% tariff on Russia’s allies.

Putin will have to make a choice: pursue negotiations and end the war or face the collapse of the Russian economy. The US Congress is preparing to impose a 500% tariff on Russia’s allies. Republican Senator Lindsey Graham stated that he has the backing of 72 colleagues in the Senate for the bill, which proposes “devastating” new sanctions against Russia. He believes that sa...

Ukrainian companies’ debt reduction exceeded foreign direct investment by 200%.

Ukrainian companies’ debt reduction exceeded foreign direct investment by 200%. Ukrainian businesses reduced their net debt over 2022-2024 by increasing their liquid funds and deposits and reducing debt to Ukrainian banks by $21B, which is 200% more than foreign investment over t...

In April, businesses evaluated their current economic activity more cautiously, approaching a neutral level,

In April, businesses evaluated their current economic activity more cautiously, approaching a neutral level, according to the NBU Business Activity Expectations Index (BAEI). Among the reasons for the weakened assessments indicated by respondents are significant declines in weather conditions, ongoing uncert...

Thursday, May 1

The EU has shifted its focus from Russia to China in the procurement of rare earth metals.

The EU has shifted its focus from Russia to China in the procurement of rare earth metals. In recent years, China has solidified its position as the EU’s primary supplier of rare earth elements, while Russia has lost its market share. In 2020, EU countries imported 10,700 tons of rare...

For the first time in a year, gas prices in Ukraine have surpassed European prices.

For the first time in a year, gas prices in Ukraine have surpassed European prices. According to Natural Gas ExPro quotes, gas prices in Ukraine on April 29 were approximately €31.8 per MWh, while spot prices on the Dutch TTF were €31.5 per MWh. Thus, for the first time since May 1 2...

Entering the Estonian market will enable Ukrainian exporters to strengthen their presence in the Nordic countries.

Entering the Estonian market will enable Ukrainian exporters to strengthen their presence in the Nordic countries. Ukraine’s Ambassador to Estonia Maksym Kononenko stated that Kyiv and Tallinn possess significant unrealized potential for bilateral trade relations. In this context, he noted that Ukraine’...

Ukraine is set to ratify a free trade agreement with the UAE: What opportunities will exporters gain?

Ukraine is set to ratify a free trade agreement with the UAE: What opportunities will exporters gain? The Cabinet of Ministers has approved a draft law for the ratification of the Comprehensive Economic Partnership Agreement between the governments of Ukraine and the UAE. This document establishes a f...

The EBA reports that its member companies have announced over $3B in investment since 2022.

The EBA reports that its member companies have announced over $3B in investment since 2022. These announcements include investments starting from $10M, with the total exceeding $3B. Specifically, $287M represents completed projects, $2.57B is currently being implemented, and $172M is planned...

A juice production plant will be built in in Bukovyna, in the western part of Ukraine.

A juice production plant will be built in in Bukovyna, in the western part of Ukraine. Construction of the Interjuice Bukovyna juice concentrate production plant is underway in the village of Kobolchyn, Chernivtsi region. The enterprise will be able to process up to 1,500 tons of fruit...

Ukraine’s agreement with the EIB on social housing is expected to be signed by the end of the year.

Ukraine’s agreement with the EIB on social housing is expected to be signed by the end of the year. The European Investment Bank (EIB) is already evaluating a pilot social housing project in Ukraine. The signing of the initial financing agreement for the project could happen as early as this year, s...

Follow us