Ukraine’s economy grew by 8% in August. The growth of Ukraine’s real GDP in August remained close to 8% compared to August 2022, but the GDP was more than 20% lower than 2021’s level, the Institute of Economic Research (IER) rep... #GDPinUkraine #InflationinUkraine #internationalReserves #nbu #UkraineEconomy
Since the war began, bonds tied to Ukraine’s GDP have increased in value to the highest level. The price of Ukraine’s GDP warrants, according to the results of the September 8 auction, increased by approximately two percentage points – up to 49.2% of the nominal value. This is the h... #AnthonyBlinken #BondsUkraine #financeUkraine #UkraineEconomy #UkraineSecurities
The Ministry of Finance of Ukraine also “positively” revised its forecast for Ukraine’s GDP. According to 2023’s activity, Ukraine’s GDP will grow by more than 3%, Minister of Finance Serhii Marchenko said. “The balance of payments has been adjusted thanks to external infusi... #EUEconomy #GDPinUkraine #nbu #SerhiyMarchenko #UkraineEconomy
Ukraine observes falling inflation for the second month in a row, and the economic expectations of investors and the government are improving. Consumer prices in Ukraine decreased by 1.4% in August 2023, which led inflation in Ukraine in annual terms to fall to 8.6%, the State Statistics Service reported. In July, inflation was 11.3%, and in... #GDPinUkraine #InflationinUkraine #UkraineEconomy #YaltaConference #YuliyaSvyridenko
Inflation in August fell to 10% for the first time since June 2021. According to the schedule published by the National Bank, inflation slowed to approximately 10% in August. The last time annual inflation in Ukraine was observed below 10% was in June 2021 (9.5%). In ... #FoodPriceUkraine #InflationinUkraine #nbu #UkraineEconomy
More Ukrainians are willing to stay abroad, causing a 7% GDP drop. The situation with Ukrainian refugees is not improving. According to the Center for Economic Strategy, a more active state policy for the return of citizens is needed. Between 1.3 million and 3.3 mill... #GDPinUkraine #RefugeesFromUkraine #RepatriationInUkraine #UkraineEconomy #UkrainiansAbroad
The Ukrainian economy is recovering faster than the NBU forecast. The absence of power outages and the further improvement of supply routes, including through the western borders, all have contributed to the Ukrainian economy’s growth, the National Bank of Ukr... #GDPinUkraine #nbu #UkraineEconomy
How to raise $1 trillion in investment for Ukraine? Economists propose to deregulate business, lower taxes, privatize state property, and reduce the state’s influence on the economy, which will encourage entrepreneurs to open their businesses in ... #InvestmentsinUkraine #ReformsinUkraine #UkraineEconomy #бізнесвУкраїні #ПриватизаціяУкраїна
Small and medium-sized businesses are recovering in Ukraine: 52% of enterprises are operating fully. As of the third quarter, another 41% of entrepreneurs are working with restrictions, and only 7% are not working, according to an EBA survey. Small businesses are also gradually restoring and increasi... #BusinessduringWar #EBA #UkraineEconomy #бізнесвУкраїні
Until the war ends, Ukraine will not be able to attract large-scale foreign investment. Attracting capital will be possible only if the active phase of the war ends and security guarantees are obtained from partners, said Deputy Head of the Office of the President Rostyslav Shurma. ̶... #InvestmentsinUkraine #RostyslavShurma #UkraineEconomy
Ukraine’s government expects the GDP to grow by 3.2% this year. The Ministry of Economy reported that they are currently observing the recovery of economic growth after significant losses. The economy continues to adapt to the current challenges of the war success... #GDPinUkraine #UkraineEconomy
The attack on the Kakhovka HPP will increase the trade deficit by $400M annually. According to the NBU, Russia’s detonation of the Kakhovka HPP will have several economic consequences, including damage to agriculture, an increase in production and logistics costs, and a reduc... #AgroLossesUkraine #KakhovkaHPP #tradedeficit #UkraineEconomy
The National Bank expects the state budget deficit to grow next year. In July, the regulator lowered its forecast for this indicator to 16.8% of GDP. Thus, considering grants, it is predicted that the consolidated budget deficit will reach UAH 1.28T. In the April report... #GDPinUkraine #nbu #UkraineBudget #UkraineBudgetDeficit #UkraineEconomy
The NBU expects Ukraine’s GDP to grow by 2.9% this year and notes the positive impact of military aid to Ukraine on the economy of Western countries. As noted in the July National Bank Inflation Report, economic growth will accelerate in the coming years, considering the National Bank’s assumption that security risks will decrease in mid-2024... #GDPinUkraine #InflationinUkraine #nbu #UkraineEconomy
Ukraine and the EU have finalized the concept of Kyiv’s five-year support plan. According to Minister of Economy Yulia Svyridenko and representatives from the European Commission, the key points of the 2024-2027 plan are macro-financial recovery scenarios, a program of reforms, i... #EUfinancialAid #EUprogramForUkraine #MarleneMadsen #UkraineEconomy #UkraineFacility #YuliyaSvyridenko
The war costs Ukraine about UAH 2T per year. “Supporting the Armed Forces of Ukraine and confronting Russia in the war it unleashed costs our state about 2 trillion hryvnias,” said Prime Minister Denys Shmyhal at a conference of Ukra... #DenysShmyhal #UkraineEconomy #WarinUkraine
Business expectations worsened in July across all sectors. The business activity expectation index, calculated by the National Bank (NBU) in July, fell by two points to 48.8 on a scale from zero to 100 after three months of being on the positive side of the s... #BusinessExpectation #nbu #UkraineBusinessActivity #UkraineEconomy
The NBU improves its GDP forecast for this year but lowered it for 2024. The national bank expects the Ukrainian economy to grow by 2.9% this year compared to the previous forecast of 2%. The further recovery of Ukraine’s economic activity will be facilitated by the ... #GDPinUkraine #nbu #UkraineEconomicActivity #UkraineEconomy
Ukraine’s GDP growth in the last 12 months increased by 20%. Ukraine’s GDP growth in the second quarter of 2023 compared to the second quarter of 2022 was about 20-21%, reported the Institute for Economic Research and Policy Consulting (IER). In the month... #GDPinUkraine #UkraineEconomy #UkraineIndustry #UkraineRecovery
Ukraine needs its women refugees to come home soon. Most men age 18 to 60 aren’t allowed to leave the country, which explains why 68% of Ukrainian refugees are women, with an even greater gender disparity among adults. According to Alexander Isakov of ... #RefugeesFromUkraine #RepatriationInUkraine #UkraineEconomy #UkraineRecovery
The EU predicts Ukraine’s GDP will grow this year. The Spring 2023 Economic Forecast states that Ukraine’s economy will stabilize this year, and GDP may grow by 0.6%. And after a year, growth may reach 4%. This growth is forecast even though dur... #GDPinUkraine #UkraineEconomicForecast #UkraineEconomy
Ukraine was included in the European economic forecasts for the first time in the Spring 2023 Economic Forecast. On July 16, during the meeting of the G7 financial bloc, EU Economic Commissioner Paolo Gentiloni emphasized that in 2023 Ukraine will be included in the regular review of structural features, economi... #GDPinUkraine #PaoloGentiloni #UkraineEconomicForecast #UkraineEconomy
The NBU explained why inflation in Ukraine is falling rapidly and what risks can change the trend. In June, consumer inflation in annual terms slowed to 12.8%. “The slowdown was caused by a greater supply of food and fuel, a decrease in world prices on commodity markets, and an improvement in... #InflationinUkraine #nbu #pricesinUkraine #UkraineEconomy
The IMF has improved its economic assessment of Ukraine. Real GDP growth in Ukraine as of May has already reached +2.4% compared to -29.1% at the end of last year, while inflation indicators have decreased and conditions on the foreign exchange market have ... #GDPinUkraine #imf #InflationinUkraine #StateBudgetUkraine #UkraineEconomy
Ukraine will lose $113B of GDP over ten years from the loss of refugees who do not return. It could also mean a loss of about $45B in tax revenue, according to a study by the Center for Economic Recovery and EasyBusiness. It is noted that about 2.1 million displaced people are members of th... #GDPinUkraine #RepatriationInUkraine #UkraineEconomy #UkraineRefugees #WorkForRefugees
Ukraine’s processing enterprises can receive USAID grants of up to $150,000. Small and medium-sized processing enterprises will receive development grants from $75,000 up to $150,000, says the Ministry of Economy’s press service. “Small and medium-sized processing ... #businessinukraine #GrantsForBusiness #UkraineEconomy #USAID
Business activity results are positive for the third consecutive month. After adapting to the difficult conditions of a full-scale war, Ukrainian business has given positive evaluations of their activities’ results for the third month in a row, according the Busines... #BusinessduringWar #nbu #UkraineBusinessActivity #UkraineEconomy
The National Bank of Ukraine predicts an inflation slowdown in the coming months. In May, annualized consumer inflation slowed to 15.3% from 17.9% in April. In the future, price growth will not slow down as quickly, the NBU warns. It is expected that inflation will continue to slow... #InflationinUkraine #KakhovkaHPP #nbu #pricesinUkraine #UkraineEconomy
The EBRD will support several sectors of Ukraine’s economy. EBRD president Odile Renaud-Basso said that several memoranda and projects will be signed into effect this week at a conference on Ukraine’s restoration – designed to strengthen energy security and su... #ebrd #InvestmentsinUkraine #KakhovkaHPP #OdileRenaudBasso #UkraineEconomy
Ukraine has eased currency restrictions to allow businesses to pay foreign loans. In particular, the National Bank allowed resident borrowers to transfer funds abroad to repay certain categories of external credits and loans. The NBU also determined that residents can carry out sim... #CurrencyRestrictions #financeUkraine #foreignloans #nbu #UkraineEconomy
Financial analysts have improved their forecasts for Ukraine’s hryvnia exchange rate and inflation. According to the National Bank, financial analysts forecasted the hryvnia exchange rate for the next 12 months at UAH 39.54/$1 in June. In April, they were expecting an exchange rate of ₴40.04/$1. Ban... #CurrencySale #hryvniaexchangerate #InflationinUkraine #UkraineEconomy #UkraineFinances
Economic recovery in Ukraine has begun: 2.4% GDP growth has been recorded. The State Statistics Service recorded an increase in Ukraine’s real GDP in the first quarter of 2023 compared to the fourth quarter of 2022. The seasonally adjusted growth rate was 2.4%, the Ministry ... #GDPinUkraine #UkraineEconomy #YuliyaSvyridenko
Inflation in Ukraine continues its retreat. In April 2023, consumer inflation in Ukraine decreased to 17.9% in annual terms. According to the NBU’s estimates, the slowdown in price growth continued in May as well, according to the June Ma... #InflationinUkraine #nbu #UkraineEconomy
The EBRD presents its forecast for the Ukrainian economy. According to the European Bank for Reconstruction and Development, the growth forecast is at 1% this year and 3% in 2024, assuming the war continues throughout this period at the same intensity as at ... #ebrd #GDPinUkraine #InflationinUkraine #UkraineEconomy
The US supports the Ukrainian economy with grants, while the EU mainly provides loans. According to the Growford Institute, from the beginning of 2023, the leaders in providing Ukraine with financial, humanitarian, and military aid are the US (€71.3B), Great Britain (€9.8B), Germany (€7... #financialaidforUkraine #GrantsforUkraine #LoansForUkraine #SupportUkraine #UkraineEconomy
Ukraine needs $250B in foreign investment over five years for rapid recovery. According to an EBRD assessment, for a quick recovery the inflow of foreign capital should reach $50B per year for five years. At the same time, the bank noted that only 29% of economies reached their... #EBRDinvestments #GDPinUkraine #UkraineEconomy #UkraineInvest #UkraineRecovery
Trade and the mining industry are the highest taxpayers in Ukraine. In the first four months of the year, the consolidated budget received UAH 67.7B ($1.85B) in taxes, where 87.1% of all revenues, almost UAH 59B, originated from several branches of the national econom... #TaxesUkraine #TaxPayersUkraine #UkraineBudget #UkraineEconomy
The European Commission predicts 0.6% growth for Ukraine’s economy this year. On May 15, according to European Commission, after falling by about 29% last year, the Ukrainian economy is expected to grow by 0.6% this year, and by 4% in 2024, European Commissioner for Economy Pao... #GDPinUkraine #PaoloGentiloni #UkraineEconomicForecast #UkraineEconomy
For the first time in 1.5 years, Ukrainian business has improved its assessment of its prospects. For the first time since October 2021, the Business Activity Expectations Index rose to 51.5 points in April from 49.5 in March and crossed the neutral level (50 points), according to a study by the N... #BusinessActivityExpectations #businessinukraine #nbu #UkraineEconomy
The war has pushed over seven million Ukrainians below the poverty line. According to the World Bank, the poverty rate in Ukraine increased from 5.5% to 24.2% in 2022, as a result of which 7.1 million people are below the poverty line. It is noted that there is a big gap b... #InflationinUkraine #PovertyInUkraine #UkraineEconomy #UnemploymentUkraine
The Central Bank kept the prime rate at 25% and improved its economic forecast. The Board of the National Bank decided to keep the discount rate at 25% per annum, the Chairman of the Board of the NBU, Andriy Pishniy, said. The NBU noted that the updated macro forecast foresees th... #AndriyPishnyi #InflationinUkraine #nbu #UkraineEconomy
Ukrainian business giants will help their smaller counterparts to resume trade. Large Ukrainian companies have united to help restore domestic producers and sellers of goods affected by the war. These companies are OLX, lifecell, Webpromo, Visa, monobank, Ringostat, Nazovni, and ... #NAZOVNI #UkraineEconomy #UkraineTrade #ukrainianbusiness
Fitch still foresees a potential Ukrainian capital default. The international rating agency, Fitch Ratings, has quoted Kyiv’s long-term issuer default rating (IDR) in foreign currency at CC and the national currency at CCC-. According to the agency count... #FitchRatings #KyivCreditRatings #UkraineEconomy
Ukrainians are increasingly confident in the stability of the hryvnia and prices. In March 2023, the Consumer Sentiment Index in Ukraine increased by 4.6 points to 91.2 points, according to monthly research from InfoSapiens. The current situation’s index increased by 3.4 points and... #BusinessExpectation #hryvniaexchangerate #UkraineEconomy
Several Ukrainian businesses will participate in the Impact Business acceleration program. The Impact Business in-depth acceleration program aimed at the development of Ukrainian entrepreneurship, concentrated in the sectors of Ukraine’s economy most affected by the war, was launched in Ukr... #businessinukraine #ImpactBusiness #UkraineEconomy
In the new economic model, Ukraine will become a resource center of Europe. “The large-scale war created new challenges and work priorities, forcing us to rethink the role of the ‘Ukrainian architecture of reforms’ project,” noted Prime Minister of Ukraine Denys Shmyhal durin... #DenysShmyhal #ReformsinUkraine #UkraineEconomy
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... #GDPinUkraine #UkraineEconomy #UkraineRecovery
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... #GDPinUkraine #UkraineEconomy
The surplus of food and fuel, the stabilization of the energy industry, and the cash market have curbed inflation in Ukraine. In March, annualized consumer inflation slowed to 21.3% from 24.9% in February. The National Bank says that the decrease in inflation is related to a significant supply of food and fuel, a better situ... #InflationinUkraine #pricesinUkraine #UkraineEconomy
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... #GDPinUkraine #UkraineEconomy
