The Vienna Institute for International Economic Studies (wiiw) forecasts a worsening outlook for Ukraine. According to a new projection by the Vienna-based economic research institute, annual GDP growth slowed to 1% in the first quarter of 2025, down from 2.9% last year. For 2025, wiiw predicts growth of ... #DonaldTrump #GDPinUkraine #InflationinUkraine #SupportUkraine #UkraineEconomicForecast #UkraineEconomy
Ukraine has lost 40% of its working-age population, forcing employers to increase salaries and hire pensioners. The war has caused a significant decline in the country’s workforce. Currently, around 1.7 million Ukrainians who used to work domestically are now abroad, according to Deputy Minister of Social... #DemographyUkraine #EmployeeDeficit #JobInUkraine #LaborMarketUkraine #UkraineEconomy #UkrainePopulation
Investing in demining is crucial for Ukraine’s rebuilding and ensuring global food security. Before the full-scale invasion, Ukraine fed 400 million people worldwide and supplied agricultural products to the EU, North Africa, and Asia, providing about 10% of the world’s grain. However, due to... #AgroLand #agroUkraine #DeminingUkraine #UkraineEconomy #WarinUkraine
Ukraine’s economy is stable, but its development has stalled. Despite the war, the Ukrainian economy remains relatively stable, but growth has slowed because businesses have stopped investing in new projects, except for a few industries that have seen some benef... #DefenseIndustryUkraine #RenewableEnergyUkraine #UkraineEconomicForecast #UkraineEconomy #UkrainianBanks
Ukraine plans to provide tax-based compensation for investment in the processing industry. Two draft laws have been registered in the Verkhovna Rada that outline a system of partial reimbursement for investment costs through tax reductions. The compensation will cover expenses such as const... #Construction #InvestmentsinUkraine #MadeInUkraine #ProcessingIndustry #TaxesUkraine #UkraineEconomy #VerkhovnaRada
Tax revenue from the tourism industry has already surpassed pre-war levels by 27%. Ukraine’s tourism sector has matched its pre-war income totals and continues to grow. In the first quarter, the budget was boosted by nearly ₴799M from tourism, which is 30% more than the same p... #BusinessRelocation #TourismUkraine #TouristTaxRevenue #UkraineBudget2025 #UkraineEconomy
Tax revenue from hotels increased by 43% in the first quarter. Despite a decline in the number of tourists and many companies leaving the market altogether, the hotel industry is experiencing growth: Hotel tax revenue in the first quarter of 2025 reached ₴565.9M,... #HotelsUkraine #TaxesUkraine #TourismUkraine #TouristTaxRevenue #UkraineEconomy
Industry and trade are driving economic growth in Ukraine in 2025. In May 2025, Ukraine’s real gross domestic product (GDP) rose by 1.1% compared to the same month last year, according to the IER. Analysts note that while the growth rate remains low, there are ... #GDPinUkraine #GVAukraine #IndustryUkraine #UkraineEconomy #UkraineTrade #UkrainianRailways
Business lending in Ukraine is poised for growth due to new tools. “This year has seen the emergence of new work areas. For instance, consortium lending enables funding for large-scale infrastructure projects. Banks, both private and state-owned, are collaborat... #BusinessLending #financeUkraine #LoansforBusiness #UkraineEconomy #UkrainianBanks
Ukraine has surpassed Russia in trade with Germany for the first time in its history. The trade turnover between Ukraine and Germany has exceeded that of Russia’s for the first time, according to Vitaliy Ivashchuk, a representative of the Embassy of Ukraine in Berlin. “In 2... #Germany #UkraineEconomy #UkraineExport #UkraineForeignTrade
Ukraine’s accession to the EU will ensure a 26% increase in its GDP. According to the Polish Economic Institute, Ukraine’s accession to the EU could serve as a powerful economic stimulus for both the country itself and its neighbors in Central Europe. It is anticipated... #AccessiontoEU #EuropeanIntegration #Hungary #Poland #UkraineEconomicForecast #UkraineEconomy #UkraineEU #UkraineExport
How does the Ukrainian labor market look in the fourth year of the war? At present, more than 70% of Ukrainian businesses are experiencing a notable personnel shortage. Contributing factors include not just the mobilization of conscripts but also internal migration and th... #digitalization #JobInUkraine #LaborMarketUkraine #SalaryUkraine #UkraineEconomy #UnemploymentUkraine
In May, business sentiment in Ukraine stabilized, but exporters’ anxiety is increasing. According to the Institute for Economic Research, the business activity recovery index in Ukraine in May was unchanged from April, remaining at 0.13. However, analysts observed the following trends: T... #BusinessExpectation #EmployeeDeficit #UkraineBusinessActivity #UkraineEconomy #UkraineExport #ukrainianbusiness
The Ukrainian economy has the potential to surpass the Russian economy, offering Ukraine a safeguard against further Russian hostility. US Treasury Secretary Scott Bessent stated during a congressional hearing that in two decades, Ukraine’s economy could exceed that of Russia’s. He believes that a stable Ukrainian economy ... #GDPinUkraine #RussianEconomy #ScottBessent #UkraineEconomy #UkraineRecovery
Ukraine’s Accounting Chamber has warned that allocating 73% of Ukraine’s budget for defense carries risk. Auditors identified several risks to economic stability, including a decline in the number of individual entrepreneurs, volatility in the foreign exchange market, and inflationary pressures. Olga Pish... #DefenseSpending #UkraineBudget2025 #UkraineBudgetDeficit #ukrainedebt #UkraineEconomy
How long will the war last, and what are Ukraine’s economic prospects? The updated World Bank forecast notes that discussions on a potential ceasefire between Russia and Ukraine began earlier this year; however, the prospects for a long-term settlement remain uncertain. ... #GDPinUkraine #UkraineEconomicForecast #UkraineEconomy #UkraineRecovery #WarinUkraine #worldbank
Inflation in Ukraine accelerated to nearly 16% in May. On an annual basis, inflation in Ukraine increased to 15.9% in May 2025, up from 15.1% in April and 14.6% in March, according to the State Statistics Service. For the month, consumer price growth rose... #InflationinUkraine #pricesinUkraine #UkraineEconomy
The Ukrainian hotel market is undergoing significant transformation, impacting tourist flows and investment patterns as new hotels and operators enter the scene. A study indicates that while the industry’s recovery is uneven, it remains hopeful, with a focus on secure regions, domestic tourism, and flexible accommodation options. This trend signals potential f... #HotelBusinessinUkraine #HotelsUkraine #investments #TourismUkraine #UkraineEconomy
Why are prices increasing in Ukraine, and what can we anticipate next? During April and May, consumer prices in Ukraine continued their ascent. According to the NBU, inflation in May reached a peak that was higher than expected; yearly inflation surpassed 15% in May. The... #InflationinUkraine #nbu #SerhiiNikolaychuk #UkraineEconomicForecast #UkraineEconomy
A new ₴8M metalworking plant has been launched in an industrial park in the Kyiv region. Located within the KYT industrial park (Bucha, Kyiv region), which officially opened on June 6, a new FRES Co plant that will produce metal booklet springs and fittings for printing products has begun... #Bucha #FRES Co #IndustrialPark #investments #KYT #Metalworking #UkraineEconomy
Danish companies will receive a €20M guarantee from the EU for operations in Ukraine. The European Investment Fund (EIF) and the Export and Investment Fund of Denmark (EIFO) have signed the first agreement under the EU’s Export Credit Guarantee Program for Ukraine, as reported by the M... #Denmark #EIF #EIFO #SupportBusiness #UkraineEconomy #ukrainianbusiness #YuliyaSvyridenko
In the first half of 2025, Ukraine’s macroeconomic condition has worsened. Analysts suggest that this decline stems from the exhaustion of recovery effects following the tough year of 2022, which became evident around the start of the second quarter last year. Essentially, t... #BusinessExpectation #UkraineBusinessActivity #UkraineEconomy #UkraineExport
The state has enhanced the process for establishing industrial parks, allocating ₴500M for their development. Starting in 2025, the Ministry of Economy will start accepting applications for state support of industrial parks, through August 15. Last year, the government backed 15 parks with ₴1.1B, which funded... #CommercialRealEstate #IndustrialPark #SupportBusiness #UkraineEconomy #ukrainianbusiness
The Ukrainian Parliament has announced its strategy for tackling the budget deficit. Danylo Hetmantsev, head of Committee on Finance, confirmed that there are no plans to raise taxes in 2026, and that the shortfall in the state budget will be managed through alternative sources. He no... #DanyloHetmantsev #OECD #UkraineBudget2025 #UkraineBudgetDeficit #UkraineEconomy #UkraineShadowEconomy
Various industries, from food production to woodworking, are making strides in the Rivne region. There, the Nova-Pak company employs cutting-edge technologies to create over 600 products, including spices and seasonings, which are distributed throughout Ukraine and successfully exported. The comp... #NovaPak #rivne #Swisspan #UkraineEconomy #ukrainianbusiness #UkrainianEnterprises #Vodohray
The shortage of personnel is a key factor driving economic change in Ukraine. Ruslan Shostak, the president of TERWIN Corporation and founder of EVA and VARUS, asserts that prior to the full-scale Russian invasion in 2022, Ukraine had roughly 17.3 million able-bodied citizens. ... #EVA #JobInUkraine #RuslanShostak #SalaryUkraine #Terwin #UkraineEconomy
Agricultural enterprises ranked as the most unprofitable sector in Ukraine during the first quarter. In Q1 2025, large and medium-sized businesses reported a total financial outcome of ₴241.2B, ₴12.4B or 4.9% lower than the previous year’s figure of ₴253.6B for the same period. Approximately 38... #agroUkraine #DanyloHetmantsev #UkraineCompaniesProfit #UkraineEconomy #UkrainianEnterprises #UnprofitableEnterprises
A Ukrainian mineral water manufacturer has begun construction of a new plant in the Lviv region. Mineral water producer Karpatska Dzherelna, a subsidiary of Karpatski Mineralni Vody, has begun construction on a new facility near the village of Khmeleva. The enterprise’s area will cover appr... #CarpathianMineralwaters #investments #LvivRegion #MineralWaters #UkraineEconomy #ukrainianbusiness
The growth of capital investment in Ukraine slowed at the beginning of the year. In the first quarter of 2025, capital investment in Ukraine increased by 32.5% compared to the same period last year, but this figure failed to reach the level of the fourth quarter of 2024 (48.1%), s... #ForeignInvestor #IndustryUkraine #investments #UkraineCapitalInvestments #UkraineEconomy
Businesses have reported positive assessments of their activities across all sectors. According to the NBU, in May businesses delivered positive evaluations of their own economic performance. For the first time since May 2024, enterprises from all sectors anticipated growth. In May 202... #BusinessExpectation #nbu #UkraineBusinessActivity #UkraineEconomy #ukrainianbusiness
The Ukrainian shadow economy is valued at $21.7B annually and combating it could contribute an additional $4B to the budget in 2025. Danylo Hetmantsev, head of the Verkhovna Rada Finance Committee, revealed that the shadow sector is estimated at ₴800-900B ($21.7B). About 30-50% of the economy exists in the shadows, with some sector... #DanyloHetmantsev #GDPinUkraine #SerhiyMarchenko #ShadowEconomy #UkraineEconomicForecast #UkraineEconomy
Moody’s has maintained Ukraine’s pre-default rating. On May 30, Moody’s Rating Agency affirmed the long-term issuer ratings of the Ukrainian government in foreign and national currencies at Ca – one of the lowest credit ratings on Moody’s sc... #DefaultUkraine #GDPinUkraine #Moodys #UkraineEconomicForecast #UkraineEconomy #WarEnding
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... #MadeInUkraine #TarasKachka #UkraineDevelopment #UkraineEconomy #UkraineRecovery #ukrainianbusiness
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... #DanyloHetmantsev #GDPinUkraine #nbu #UkraineEconomicForecast #UkraineEconomy
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... #agroexportukraine #UkraineEconomy #UkraineExport #UkraineForeignTrade #UkrainianMetalExport
Bankers and financiers assessed the sector’s stability as the best since 2021. The assets held by the non-banking financial sector increased by 4.6%. The heads of the largest banks and non-banking financial institutions reported positive evaluations of the current state and stability of the financial sector, noting its best condition since 2021. Me... #BankingUkraine #financeUkraine #InsuranceUkraine #nbu #UkraineEconomy
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 –... #agroUkraine #AlvivaGroup #Bread #BusinessDevelopment #UkraineEconomy #ukrainianbusiness
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... #CommercialRealEstate #kyiv #UkraineEconomy #UkraineLogistics #WarehouseMarket #Львів
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... #CommercialRealEstate #officeRealEstate #ShoppingMallsUkraine #UkraineEconomy #Warehouse
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... #Hryvnia #UkraineBond #ukrainedebt #UkraineEconomy #UkraineFacility #UkraineStateDebt
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... #CriticalRawMaterial #investments #MIningMineralsUkraine #MiningUkraine #UkraineEconomy
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... #JobInUkraine #UkraineEconomy #UkraineLaborMarket #UkraineMigrants #UkraineRefugees #UnemploymentUkraine
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... #BusinessSupport #OleksiySobolev #RISE #UkraineEconomy #UkraineRecovery #ukrainianbusiness #worldbank
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... #JobInUkraine #LaborMarketUkraine #UkraineEconomy #UnemploymentRate #VacanciesUkraine
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 ... #Romania #SupportUkraine #UkraineEconomy #UkraineRecovery #ukrainianbusiness
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... #DefaultUkraine #FitchRatings #GDPinUkraine #InflationinUkraine #UkraineEconomicForecast #UkraineEconomy
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... #ForeignInvestor #InvestmentsinUkraine #OleksiySobolev #UIF #UkraineEconomy #UkraineRecovery
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... #Dniprovagonmash #FreightCars #investments #Kovel #RailCars #TAS #UkraineEconomy #VolynRegion
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... #DonaldTrump #FreeTradeAgreement #TarasKachka #UkraineEconomy #USukraineTrade #Zelenskyy
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%... #agroexportukraine #FoodProcessing #ProcessingPlantUkraine #UkraineEconomy #UkraineExport #VitaliyKoval
