Ukraine increased its exports of frozen vegetables by 100% over last year. In the first quarter of 2024, the export of frozen vegetables from Ukraine increased by more than 100% compared to the same period in 2023 – up to 2,200 tons. Turnover reached more than $2.7M. F... #agroexportukraine #FrozenVegetables #UkraineEconomy #UkraineExport
World Bank: Almost a third of Ukrainians live in poverty. The number of Ukrainians living in poverty has increased by 1.8 million since 2020, accounting for about 29% of the population, as the Russian invasion continues to damage the country’s economy.... #FoodSecurity #InflationinUkraine #PovertyInUkraine #UkraineEconomy #UkrainePopulation #UkrainiansIncome #worldbank
Transcarpathia and Cherkasy will launch industrial parks with processing enterprises that will create more than 6,000 jobs. The Cabinet of Ministers included the Tyachiv industrial park in Zakarpattia and the Smila industrial park in the Cherkasy region to the state’s Register of Industrial Parks. The Tyachiv industrial pa... #Cherkasy #IndustrialParkConstruction #IndustrialParksUkraine #Smila #Tyachiv #UkraineEconomy #Zakarpattia
A Ukrainian investment company revises its economic forecast for Ukraine. Investment group Dragon Capital has improved its inflation forecast in 2024 from 8% to 7.6%. At the same time, the previous estimate of a 4% increase in GDP in 2024 has been maintained thanks to the r... #DragonCapital #GDPinUkraine #InflationinUkraine #UkraineBudget2024 #ukrainedebt #UkraineEconomicForecast #UkraineEconomy
The NBU has downgraded its growth forecast for the Ukrainian economy over losses in the energy sector. The National Bank worsened its 2024 growth forecast for Ukraine’s economy from 3.6% to 3% due to the severe consequences from Russia’s missile attacks on energy infrastructure. The central... #ebrd #energyukraine #GDPinUkraine #nbu #UkraineEconomicForecast #UkraineEconomy #WarinUkraine
How can investors use co-financing to support Ukraine’s private sector? Ukraine is coordinating with Development Finance Institutions (DFI) to find a way to support its private sector. A memorandum between the EBRD and DFIs on the Co-financing Platform allows long-term pr... #ebrd #ForeignInvestor #InvestmentsinUkraine #UkraineEconomy #YuliyaSvyridenko
The Odesa region will build a multidisciplinary industrial park with 500 jobs. The Cabinet of Ministers included the R-33 industrial park in the Odesa region in the Register of Industrial Parks. The new industrial park was initiated by the Kuyalnyk Village Council and is the 79t... #IndustrialPark #Odesa #R33 #UkraineEconomy #UkraineIndustry
The US notes the positive economic impact of the reforms Ukraine has implemented; an influx of multibillion-dollar investment is expected. The US welcomes Ukraine’s adoption of a law to improve corporate governance, US Ambassador to Ukraine Bridget Brink said at a conference on corporate reform. “Ukraine has successfully implemente... #BridgetBrink #InvestmentsinUkraine #OleksiySobolev #ReformsinUkraine #UkraineEconomy
Latvia will help Ukraine with economic and logistics development. Investment in the development of Ukraine’s economy will contribute to strengthening the country at the front, Latvian Minister of Economy Viktors Valainis emphasized. “We can help not only... #infrastructureUkraine #Latvia #UkraineDevelopment #UkraineEconomy #UkraineExport #Ukrainianlogistics #ViktorsValainis
The Ministry of Economy of Ukraine estimates GDP growth in April to be 4.3%. In April 2024, Ukraine’s GDP growth compared to April last year was about 4.3%. For January-April, the economic department noted that the growth is estimated at the level of 4.4% compared to the... #energyukraine #GDPinUkraine #IndustryUkraine #UkraineEconomy #YuliyaSvyridenko
Economic experts have identified dangerous economic trends in Ukraine. In the last four months, Ukraine exported goods worth $13.5B, the same as last year. Ukraine rapidly increased the physical volume of exports from 36 to 49 million tons against significantly lower wor... #UkraineEconomicForecast #UkraineEconomy #UkraineExport #UkraineForeignTrade #UkraineImports #Ukrainetradedeficit
Real GDP growth slowed in Ukraine due to Russian attacks on the energy system. The growth rate of real GDP in Ukraine has slowed down somewhat. The key problem is reduced access to a constant electricity supply and sufficient amounts of electricity. According to the IER, GDP in ... #ElectricityDeficitUkraine #energyukraine #GDPinUkraine #GVAukraine #UkraineEconomy #UkraineExport
Over 2600 foreign businesses have opened in Ukraine since the start of the full scale war. Most often, citizens of Turkey, Uzbekistan, Poland, and the US have incorporated new businesses, Opendatabot notes. However, citizens from 100 countries have invested money in Ukraine during the war. ... #businessinukraine #ForeignInvestor #InvestmentsinUkraine #TENS1MA #UkraineEconomy #YugenVenture
The EBRD predicts a slowdown in the Ukrainian economy’s growth. According to an EBRD forecast, Ukraine’s economy will grow by 3% in 2024 and by 6% in 2025. This pace is lower than the 5.3% rise in 2023 following a sharp drop in 2022 caused by the Russian inv... #ebrd #GDPinUkraine #UkraineEconomicForecast #UkraineEconomy #UkraineMaritimeCorridor
In 2024, Ukraine registered a record number of industrial parks. The government registered nine new parks in the first quarter of 2024, equal to the number registered in all of 2022 and exceeding 2021’s figure for 2021, when seven parks were registered. In addition... #IndustrialPark #IndustryUkraine #investments #JobInUkraine #UkraineEconomy
The NBU predicts that consumer price growth will accelerate moderately in the coming months, although in April, it was lower than the regulator predicted. “The deviation from the forecast was provided by the dynamics of little-forecasted factors of a temporary nature, first of all, a sh... #ConsumerPrices #InflationinUkraine #nbu #pricesinUkraine #UkraineEconomicForecast #UkraineEconomy
Ukraine must pay $25.2B to service debt this year. The Ministry of Finance has preliminarily estimated that in 2024 Ukraine will have to pay more than ₴1T ($25.2B) as part of its repayment and servicing of state debt. As of May 1, the total amount of ... #UkraineBond #UkraineBudget2024 #ukrainedebt #UkraineDebtPayment #UkraineEconomy
How privatization drives investment into the economy: the government’s response. The privatization of state-owned enterprises allows the state not only to receive one-time income from sales but also acts to attract investment to develop these enterprises. Thus, for every ₴1 receiv... #HotelUkraina #InvestmentsinUkraine #OleksiySobolev #PrivatizationUkraine #UkraineEconomy
EU accession will strengthen Ukraine and the entire bloc. Olga Stefanishyna, the Deputy Prime Minister for European and Euro-Atlantic Integration of Ukraine, is convinced that Ukraine will become stronger as a full member of the EU. At the same time, Ukraine... #agroUkraine #EUEconomy #EuropeanIntegration #OlgaStefanishyna #UkraineAccessionToEU #UkraineEconomy #UkraineEU #Ukrainianlogistics
How big is the national debt, and how much do Ukrainians owe? According to the Ministry of Finance data, the state’s and state-guaranteed debt as of April 1, 2024, amounts to ₴5.9T ($149B). Since 2020, this amount has increased significantly, mostly due to the f... #ebrd #EIB #ExternalDebt #imf #ukrainedebt #UkraineDebtRepayment #UkraineEconomy #worldbank
Ukraine is working on a free trade agreement with Turkey, which will abolish more than 90% of tariffs on industrial goods. The government has approved and submitted to the Ukrainian Parliament a draft law for the ratification of a free trade agreement between Ukraine and Turkey. The countries signed the agreement in Kyiv ... #FreeTradeAgreement #UkraineEconomy #UkraineTrade #UkraineTurkeyfreetrade
Ukraine’s economic growth will slow to 3% this year, and the budget deficit will reach 20.7% of GDP. “The National Bank of Ukraine predicts that economic growth will slow to 3% in 2024 due to the loss of energy infrastructure and an expected electricity deficit of about 5%. In 2025-2026, GDP growth w... #BudgetDeficit #GDPinUkraine #InflationinUkraine #nbu #UkraineBudget2024 #ukrainedebt #UkraineEconomy
How Ukraine’s military economy will grow: the government’s forecast. Despite the war, the Ukrainian economy will grow by approximately 4.6% in 2024, although Russian missile attacks may worsen this indicator, said Minister of Economy Yulia Svyrydenko at the Kyiv Invest... #DefenseIndustryUkraine #GDPinUkraine #UkraineDevelopment #UkraineEconomicForecast #UkraineEconomy #YuliyaSvyridenko
The Ukrainian government has identified the most promising areas for investment and offers state support programs. Last year, despite the war, foreign investors invested $4.25B in Ukraine’s economy, said Minister of Economy Yulia Svyrydenko. “The government, together with the private sector, has identi... #agroUkraine #InvestmentsinUkraine #ProcessingPlantUkraine #UkraineEconomy #UkraineFacility #YuliyaSvyridenko
Ukrainian imports and exports: Here are the main trends for the year. From April 1 to 25, the volume of exported goods was 10.5% higher, and the import of goods was 25.2% higher, than in the same period last year, according to the Ministry of Economy. Ukraine increased ... #UkraineEconomy #UkraineExport #UkraineImport #UkraineTrade #Ukrainiangrain #Ukrainianmetallurgy
Ukrainian exports increase to a record level of more than 13 million tons monthly. Economy Minister Yuliya Svyrydenko noted that last month’s exports amounted to more than 13 million tons, surpassing the indicators from February 2022 and reaching $3.3B. April exports are the l... #PathsOfSolidarity #UkraineEconomy #UkraineExport #UkraineMaritimeCorridor #UNITYinsurance #YuliyaSvyridenko
The construction business in Ukraine has the most optimistic expectations. According to a NBU survey, builders’ expectations are primarily related to the significant budget funding announced by the state for the restoration of infrastructure. Also, builders are counting on i... #BusinessExpectation #businessinukraine #ConstructionUkraine #nbu #UkraineBusinessActivity #UkraineEconomy
The government noted an acceleration of GDP growth in March to 4.6%, but analysts predict a further decline. The Ministry of Economy estimated GDP growth in March to be at the level of 4.6%, while in January, the growth was at 3.5%, and in February, 3.9%. The GDP growth trend is supported by stable seaport o... #GDPinUkraine #InflationinUkraine #UkraineEconomicForecast #UkraineEconomy
The National Bank lowered the key policy rate to 13.5% and improved its inflation forecast. With the discount rate decrease, the rates on overnight deposit certificates and three-month deposit certificates are also reduced – to 13.5% and 16.5%, respectively. The National Bank of Ukrain... #CurrencyLiberalization #InflationinUkraine #KeyPolicyRate #nbu #UkraineBudget2024 #UkraineEconomy
Bank of America believes that Ukrainian dollar bonds have growth potential. Strategists at BofA Securities, an American multinational investment banking division under the auspices of Bank of America, believe that Ukrainian dollar bonds show significant growth potential. Mean... #BankOfAmerica #CurrencyBond #DebtRestructuring #financeUkraine #UkraineBond #UkraineEconomy
The Ukrainian government predicts the improvement of key macroeconomic indicators and economic growth, whether the war ends in 2024 or drags on longer. The Ministry of Economy notes that, despite all the difficulties caused by the war, the positive dynamics of key macroeconomic indicators are evidence of the economy’s adaptation to wartime cond... #GDPinUkraine #UkraineEconomicForecast #UkraineEconomy #UkraineReconstruction #WarinUkraine
IMF assistance acts as a catalyst for Ukraine’s financial support from other countries, the head of the IMF, Kristalina Georgieva, emphasized. She notes that the IMF’s 2023-2027 program with Ukraine for will provide $15.1B. However, Georgieva states the program will generate a total of $... #EFFprogram #financialaidforUkraine #imf #KristalinaGeorgieva #UkraineBudget2024 #UkraineEconomy
What is the biggest obstacle to business in Ukraine? For several months in a row, the lack of personnel has remained a significant problem for Ukrainian businesses. In March, 50% of enterprises reported a shortage of employees, according to the Institut... #businessinukraine #ElectricityDeficitUkraine #EmployeeDeficit #UkraineBusinessActivity #UkraineEconomy #UkraineLaborMarket
To support the annual 5-7% GDP growth, Ukraine must find between three and 4.5 million workers, said Executive Director of the Center for Economic Recovery, Kyrylo Kryvolap. According to him, by 2030, two million people will have left the labor market due to aging and migration processes. Accord... #EmployeeDeficit #GDPinUkraine #LaborMarket #UkraineDevelopment #UkraineEconomy #UnemploymentUkraine
Ukraine’s GDP growth in March remained close to 5%. In March, the growth of Ukraine’s real GDP compared to the same period last year was 4.9%, compared to 5% in February and 5.2% in January, according to the monthly economic monitoring by the Ins... #GDPinUkraine #GVAukraine #UkraineBudget2024 #UkraineEconomy
The IMF expects Ukraine’s GDP to grow by 3.2% this year. Next year, Ukraine’s GDP growth will be 6.5%, according to the World Economic Outlook report. According to the IMF forecast, consumer inflation in Ukraine will decrease from 12.9% in 2023 to 6.4... #EFFprogram #GDPinUkraine #imf #SerhiyMarchenko #UkraineEconomicForecast #UkraineEconomy
The EC approves the Ukraine Facility plan; Kyiv will receive payments totaling €50B from the fund. The European Commission adopted the Ukrainian Facility, which is the basis for implementing the €50B Ukrainian fund in the EU budget for 2024-2027. Thus, Ukraine will receive regular payments that are... #EuropeanCommission #GDPinUkraine #UkraineBudget2024 #ukrainedebt #UkraineEconomy #UkraineFacility
Due to EU restrictions, Ukraine will lose more than €300M, and the supply of sugar, poultry, and eggs to the EU market will stop. Ukraine’s losses due to the EU’s introduction of a new protective mechanism against its agricultural products, which will become effective June 6, will approximately amount to €315M. The introdu... #agroexportukraine #agroUkraine #TradeRestriction #UkraineEconomy #UkraineExport
Which type of business in Ukraine files for bankruptcy most often? In the first quarter of 2024, 192 businesses received court decisions regarding bankruptcy proceedings. The largest number among them are legal entities working in trade and providing transport repair... #Businessbankruptcy #businessinukraine #retailUkraine #UkraineEconomy #UkrainianEnterprises
What position did Ukraine hold among globabl exporters of agricultural products before the full-scale war? As KSE-Agrocenter analysts noted, over the past two decades Ukraine has gradually become the world’s main supplier of agricultural products. Before the full-scale invasion, agriculture produced ... #agroexportukraine #agroUkraine #GDPinUkraine #UkraineEconomy #Ukrainiangrain
World Bank: The Ukrainian economy has reached a turning point. The World Bank offered its assessment in its regional Economic Review, as concerns about the timing and volume of future aid payments to Ukraine are growing. The World Bank predicts that Ukraine’... #GDPinUkraine #InvestmentsinUkraine #UkraineBudget2024 #ukrainedebt #UkraineEconomicForecast #UkraineEconomy #worldbank
Ukraine lost up to $400M in imports due to the border blockade in February; exports are close to pre-war levels. According to the NBU, in February there was no increase in the import of goods, which is typical for this month, due to the resumption of the blockade of the western borders. Thus, import losses amoun... #BorderBlockade #nbu #UkraineEconomy #UkraineExport #UkraineForeignTrade #UkraineImport
Industrial production increased by almost 6% over the year. According to the State Statistics Service, industrial production in Ukraine increased by 5.9% in 2023, while the fall in 2022 was 36.7%. According to the year’s results, production in the processing i... #IndustrialProductionUkraine #ProcessingPlantUkraine #UkraineEconomy #Ukrainianmetallurgy #WoodIndustry
The National Bank explains why in 2023, real GDP grew by 5.3%. As reported by the NBU, public sector consumption increased by 9% over the year, and its share in GDP in 2023 reached almost 42% compared to about 18% in 2021. Private consumption grew by 6.1% thanks ... #GDPinUkraine #investments #nbu #UkraineEconomicActivity #UkraineEconomy
More than 85% of Ukrainian industrial parks are not operating; the parliament demands the reason why. Of more than 70 officially registered industrial parks, only about 10 are working, said Danylo Hetmantsev, head of the Tax Committee. “Nowadays, it is important not so much to create more new in... #DanyloHetmantsev #IndustrialPark #IndustrialParkUkraine #UkraineDevelopment #UkraineEconomy
NBU: After five months of declining sentiment, Ukrainian businesses have improved their expectations. According to the NBU Business Activity Expectations Index, the increase in sea and rail transportation, the preservation of a stable situation on the foreign exchange market, low inflationary expectat... #BusinessActivityExpectations #businessinukraine #nbu #UkraineBusinessActivity #UkraineBusinessExpectation #UkraineEconomy
Ukraine will defer payments on its national debt with the US, and the Eurobond restructuring might include a partial debt write-off. Ukraine and the US signed an agreement to postpone public debt payments with a group of Ukraine’s creditors from the G7 countries and the Paris Club. At the same time, the debt sustainability analysis... #DebtRestructuring #GDPinUkraine #imf #UkraineBudget2024 #ukrainedebt #UkraineEconomy
Currency restrictions effectively stabilize the Ukrainian economy, but they hold back investment. The director of the NBU’s monetary policy department, Volodymyr Lepushynskyi, stated: “Currency restrictions are effective for stabilizing the economy, but they are burdensome for it and hold ba... #CurrencyLiberalization #CurrencyRestrictions #InvestmentsinUkraine #nbu #UkraineEconomy
Experts compare consumer purchasing attitudes in Ukraine, the EU, and the US; Ukrainians tighten their belts with technology and entertainment. According to experts, in 2023 Ukrainians spent 66% of their monthly budget on food and other living expenses. On the other hand, in neighboring Poland only 36%, in Germany – 40%, and in the US &... #UkraineEconomy #Ukrainians'spending #UkrainiansIncome
Liberalizing the land market will move Ukraine $20B toward restoring its agricultural sector. Liberalization of the agricultural land market and increased transparency can bring $35B to Ukraine’s budget. This could close the current deficit of more than $20B in agricultural recovery fina... #AgroLand #FarmLand #LandMarketUkraine #Landreformukraine #UkraineEconomy #UkraineRecovery
