GDPinUkraine

Friday, April 14

Domestic economists are convinced that Ukraine will keep playing catch up with economic growth through 2030. The Ukrainian economy reached its lowest point in April-May 2022 and has been showing a slow and steady recovery trend ever since. Ukraine’s GDP, which fell from $200B to $158B in the first year...

Thursday, April 13

Ukraine identifies the hardest hit sectors of the economy from the war. The State Statistics Service has published an estimate of Ukraine’s 2022 gross domestic product based on the production method. The data shows that the most significant drop is in construction at 67.6...

Tuesday, April 11

The Ministry of Economy gives their final assessment of Ukraine’s 2022 GDP. In 2022, Ukraine’s economy suffered the most significant losses in its entire history of independence due to the Russian invasion that started on February 24. The GDP decrease is estimated at 29.2%, t...

Friday, April 7

The World Bank worsens its forecast for Ukrainian GDP. After falling by 29.2% last year, the bank believes that Ukraine’s GDP will grow by only 0.5% in 2023 and by 3.5% next year. In January, the World Bank expected faster growth in the Ukrainian ec...

Thursday, March 9

Ukraine’s GDP fall in February improves over January. February 2023’s decline in GDP was 26%, which is better than January’s figure of 32%, the Ministry of Economy has stated. According to the head of the ministry, Yulia Svyridenko, in February eco...

Wednesday, March 8

The government has worsened its forecast for Ukraine’s 2023 GDP growth. The Ministry of Economy of Ukraine has worsened its forecast for the growth of the country’s GDP in 2023 from 3.2% to 1%, said Deputy Head of the Ministry of Economy Oleksiy Sobolev. He explaine...

Thursday, March 2

Ukraine will lose up to 7.7% of its GDP if not all refugees return following the war. Even after the war ends, between 860,000 to 2.7 million Ukrainian refugees may remain abroad. According to a study by the Center for Economic Strategy, this will lead to GDP losses from 2.55% to 7.71%...

Monday, October 24

The IMF has published economic forecasts assessments for the coming years. According to 2022’s results, Ukraine’s GDP will decrease by approximately 35% states an IMF report on Ukraine. It is noted that the war has continued for longer than expected, but on the other h...

Monday, October 10

Ukraine’s 2023 state budget passes the first reading. Deputies have adopted a resolution on conclusions and proposals for the document, the Ministry of Finance said. In the 2023 state budget draft, 45% of expenditures are planned for security and defense...

Wednesday, September 7

Concorde Capital predicts a 31% GDP drop this year. However, the investment company believes GDP will grow by 8% in 2023 if half of the current negative factors are resolved by the end of 2022, and by the end of 2023, they will all be eliminated. Analy...

Wednesday, August 10

Holders of Ukraine’s GDP warrants approve the restructuring proposal. Holders of 91% of the notional value of GDP warrants in circulation have approved Ukraine’s proposal to postpone payments and revise their terms. It is noted that holders of approximately 93% of...

Monday, July 25

Fitch gives a negative forecast for Ukraine’s GDP, inflation, and budget deficit. The international Fitch Ratings agency predicts Ukraine’s state budget deficit in 2022 will be at 29.1% of GDP, which is a record-high indicator. The growth of consumer prices in Ukraine will ac...

Wednesday, April 7

Last year, Ukraine weathered the Covid recession comparatively well. According to figures compiled by Alfa-Bank Ukraine, the GDP drops for 2020 were: Poland – 2.8%; US – 3.5%; Ukraine – 4.1%; Germany – 5%; Czech – 5.6%; EU – 6.4%; France – 8.3%; Italy – 8.8%; and Spain...

Wednesday, February 10

Analysts generally welcomed the proposed exit from a default that rattled investors last March: Analysts generally welcomed the proposed exit from a default that rattled investors last March:

Ukraine’s economic activity in the fourth quarter of last year was only down 1% yoy, far better than the forecast drop of 3% Ukraine’s economic activity in the fourth quarter of last year was only down 1% yoy, far better than the forecast drop of 3%, Economy Minister Ihor Petrashko told reporters Tuesday at the Ukraine 30 C...

Adamant Capital wrote: “The updated terms look significantly better than those disclosed at the end of November…We confirm our ‘Buy’ recommendation.”

Ukraine’s steel production could increase by as much as 6% this year, to 21.8 million tons, Ukraine’s steel production could increase by as much as 6% this year, to 21.8 million tons, according to a study prepared by the GMK Center, a metals industry analytical and consulting group: “Forecas...

Concorde Capital wrote Concorde Capital wrote: “The updated DTEK’s offer provides more clarity about minimum payments to bondholders…the updated restructuring terms look balanced.”

Ukraine’s full bore coronavirus vaccination campaign may be delayed from March to April Ukraine’s full bore coronavirus vaccination campaign may be delayed from March to April because of government paper work delays in China and Ukraine, reports Reuters. Last week, Ukraine’s Lekhim asked...

Dragon Capital wrote Dragon Capital wrote: “The updated restructuring terms mark a significant improvement over the previous version…The new proposed DTEK Energy bond structure is also simpler than the previous variant an...

Vaccinations are scheduled to start Monday, drawing on an expected shipment of 117,000 Pfizer vaccines. President Zelenskiy talked on the phone Monday afternoon with Albert Bourla, Vaccinations are scheduled to start Monday, drawing on an expected shipment of 117,000 Pfizer vaccines. President Zelenskiy talked on the phone Monday afternoon with Albert Bourla, CEO of Pfizer Pharm...

All Ukrainians should have access to vaccines by the end of this year, All Ukrainians should have access to vaccines by the end of this year, Health Minister Maksym Stepanov told ICTV’s Freedom of Speech program. He vowed: “We want to ensure that 100% of the population h...

Ukraine’s turn last month to Britain’s Crown Agents to buy coronavirus vaccines illustrates the difficulty in breaking ingrained traditions of drug profiteering at the Health Ministry Ukraine’s turn last month to Britain’s Crown Agents to buy coronavirus vaccines illustrates the difficulty in breaking ingrained traditions of drug profiteering at the Health Ministry, Pavlo Kovtoniuk...

The vaccination of 10 million Ukrainians at risk – about one third of all adults – is a condition for Ukraine receiving The vaccination of 10 million Ukrainians at risk – about one third of all adults – is a condition for Ukraine receiving a $30 million World Bank loan this spring under its Covid-19 Emergency Response ...

US support to Ukraine for combatting the pandemic totals $48 million over the last year US support to Ukraine for combatting the pandemic totals $48 million over the last year, Kristina A. Kvien, US Chargé d’Affaires, told the Coronavirus Forum on Monday. She said the money has gone to b...

Germany is proving Ukraine with a €13.1 million medical care grant that includes supplying equipment for outpatient diagnosis and treatment of coronavirus Germany is proving Ukraine with a €13.1 million medical care grant that includes supplying equipment for outpatient diagnosis and treatment of coronavirus. This grant, and a second one for €23.5 milli...

Talks with IMF will be delayed to the spring, making a staff level agreement in May the optimistic scenario Talks with IMF will be delayed to the spring, making a staff level agreement in May the optimistic scenario, Liga.net reported in a lengthy story, citing unnamed Rada members and Central Bank official...

Dragon writes Dragon writes: “The government has sufficient liquidity buffers to proceed without IMF financing until end-May (assuming full rollover of domestic debt), but faces an increase in fiscal funding needs ...

The Finance Ministry increased 2.5-fold its sale of bonds yesterday The Finance Ministry increased 2.5-fold its sale of bonds yesterday, but kept yields largely unchanged at the weekly auction, according to results posted on Facebook. Of the total $467 million in doll...

With snow and sub-freezing temperatures forecast through Friday, restrictions on trucks entering Kyiv are expected to continue off and on. With snow and sub-freezing temperatures forecast through Friday, restrictions on trucks entering Kyiv are expected to continue off and on. At a peak, 3,000 trucks were stopped outside the capital, wit...

Due to the cold temperatures, coal reserves at thermal power plants fell sharply during the first week in February, hitting 57% of minimum, required volumes Due to the cold temperatures, coal reserves at thermal power plants fell sharply during the first week in February, hitting 57% of minimum, required volumes, Ukrenergo reported yesterday. To fill the ...

DTEK Energy has announced a tentative agreement with bond and bank debt holders to restructure much of its $2 billion bond and bank debt DTEK Energy has announced a tentative agreement with bond and bank debt holders to restructure much of its $2 billion bond and bank debt. After 10 months of negotiations, the deal’s center piece is ex...