Because of the war, the shadow labor market in Ukraine has grown to four million people, and the number of new vacancies exceeds pre-war figures. Over the past year and a half, approximately 1.5 million workers have left Ukraine’s official labor market due to the required military registration, so the state needs to find a middle ground regardi... #JobInUkraine #MobilizationUkraine #ShadowLaborMarket #UkraineEconomy #UkraineLaborMarket
Analysts have studied the state of the M&A market in Ukraine based on 2023’s results. 47 M&A deals (mergers and acquisitions) were announced last year, as the Ukrainian M&A market grew by almost 70% compared to 2022. The average value of M&A deals in Ukraine has also increa... #LifeCell #MergersAcquisitions #NJJCapital #UkraineEconomy
Ukraine’s losses from the border blockade have reached ₴20B: Though the EP will continue free trade with Ukraine, the EU is tightening export controls. The profile committee of the European Parliament plans to continue the free trade zone with Ukraine this week, said Deputy Minister of Agricultural Policy of Ukraine Taras Vysotskyy. He added this is ... #AdinaValean #agroexportukraine #BorderBlockade #FarmersProtest #TarasVysotskyi #UkraineEconomy
Business activity expectations have improved, and companies are looking for new employees. According to the NBU, the index of business activity expectations rose to 47.5 from 41 in January. Trade enterprises are the only ones among the surveyed sectors to assess their business activity posi... #BusinessExpectation #nbu #UkraineBusinessActivity #UkraineEconomy #UkrainianEnterprises
The state is moving to a new economic policy – Made in Ukraine, that will bring ₴4B to the budget and 1% GDP growth. President Zelenskyy announced the start of Ukraine’s new economic strategy, Made in Ukraine, which will become a platform for constant, direct dialogue between the state and entrepreneurs. He also ann... #DenysShmyhal #MadeinUA #UkraineEconomicStrategy #UkraineEconomy #Zelenskyy
Analysts predict how Ukraine’s accession to the EU would affect the growth of the Ukrainian economy. According to the NBU, the Ukrainian economy will increase by 7%, and the GDP per person will be $15,500 within a decade after the country’s accession to the EU with the rapid implementation of a... #AssociationwithEU #EuropeanIntegration #nbu #UkraineDevelopment #UkraineEconomy #UkraineEU
Businesses in Ukraine are planning on expansion and will borrow money for development. According to a European Business Association (EBA) study, the number of entrepreneurs who plan to raise funds to develop their businesses in 2024 has increased to 80% from 67% last year. In addition, ... #EBA #UkraineBusinessActivity #UkraineBusinessExpectation #UkraineEconomy #бізнесвУкраїні
How did Ukraine’s economy react to the beginning of Russian aggression in 2014 and the full-scale war in 2022? Ukraine’s GDP did not fall as much in 2014 as it did in 2022, when it suffered a record-setting decline. In 2014-2015, GDP fell by 15.8%, and in 2022 – by almost 30%. However, the trajectory of ... #GDPinUkraine #hryvniadevaluation #InflationinUkraine #UkraineEconomy #WarinUkraine
Despite the ongoing war, Ukrainian retail is recovering. The retail sentiment index, which is calculated monthly by the Ukrainian Council of Shopping Centers, shows that the shopping and entertainment center market in Ukraine has recovered by about 66%. ... #retailUkraine #ShoppingCentersUkraine #ShoppingMallTraffic #UkraineEconomy
More than 80% of businesses have resumed work after the shutdown in 2022. In 2023, almost 91% of small and medium-sized enterprises, forced to suspend their activities in 2022 due to military operations, resumed their work. By the end of the year, a little more than 82% of ... #BusinessduringWar #UkraineEconomy #UkrainianEnterprises #бізнесвУкраїні
Ukraine’s largest retail chains face a personnel crisis due to the war. According to Forbes, there is a significant shortage of men to work at ATB, Auchan, and Comfy stores. The main obstacle is that these positions are usually filled by draft-age men. Among the reasons f... #ATBmarket #AuchanUkraine #Comfy #JobInUkraine #MobilizationUkraine #UkraineEconomy
The EBRD is ready to invest up to €15B in the Ukrainian economy but expects the continuation of reform efforts. During the Munich Security Conference, EBRD President Odile Renaud-Basso said that since the start of the war against Ukraine, the EBRD has invested €3.8B in the Ukrainian economy. In the next five ye... #ebrd #InvestmentsinUkraine #MunichSecurityConference #OdileRenaudBasso #UkraineEconomy
Investment company Dragon Capital has updated its forecast for Ukraine’s economy. The growth of Ukraine’s GDP in 2024 will slow to approximately 4% from almost 6% in 2023, with an increase in inflation to 8% from 5.1% last year. At the end of the year, the exchange rate will ... #DragonCapital #financialaidforUkraine #GDPinUkraine #InflationinUkraine #TomasFiala #UkraineEconomy
The Ukrainian maritime corridor’s 2024 forecast: The opening of the temporary sea corridor in August last year had a huge positive impact on the export of all types of goods and the country’s entire economy. In total, 736 ships, which transpor... #UkraineEconomy #UkraineMaritimeCorridor #UkrainianShipInsurance #UNITYinsurance #ВідвантаженнятоварівУкраїна
In January, Ukraine’s GDP grew by 3.5% with help from logistics and investment. January’s GDP growth compared to December 2023 occurred due to investment demand generated by the budget, and the availability of foreign markets for domestic manufacturers due to the expansion of log... #GDPinUkraine #UkraineEconomy #UkraineMaritimeCorridor #ВідвантаженнятоварівУкраїна
Nasdaq will help Ukraine develop markets and entrepreneurship. The Ministry of Economy of Ukraine and the Nasdaq signed a memorandum of understanding designed to strengthen the Ukrainian economy and capital market. As part of the agreement, Nasdaq and the ministr... #BusinessDevelopment #NASDAQ #UkraineEconomy #YuliyaSvyridenko
The number of shopping malls in the capital will soon increase by 50 new facilities. In the coming years, 50 new shopping and entertainment centers may appear in Kyiv. To the existing shopping centers with 2.5 million square meters, in 2024-2025 developers plan to construct facilities... #retailUkraine #ShoppingMallsUkraine #UkraineEconomy #UTG #VaccinationCentersKyiv
Ukraine plans to introduce preferential conditions for manufacturers of electric vehicles and use domestic lithium to manufacture batteries. “We plan to establish the production of electric cars for domestic needs and export. Our domestic needs are so high that, in the next 5-10 years, we can work to saturate the national market,R... #DenysShmyhal #ElectricCarProduction #LithiumUkraine #UkraineEconomy
Ukraine has increased its budget revenues, but the deficit reaches 34% of all revenues. From January 1 to February 8, budget revenues increased by 26.9% compared to last year, the NBU reported. Without international financial aid, they increased by 60% due to a 70% increase in tax revenu... #BudgetDeficit #financeUkraine #nbu #TaxesUkraine #UkraineBudget2024 #UkraineBudgetRevenue #UkraineEconomy
Where do Ukrainians spend 80% of their family budget every month? According to UTG analysis, Ukrainians spend the biggest chunk of their income to survive – expenses for communal services and food occupy 80% of Ukrainian families’ budgets. Expenditures o... #FamilyBudget #UkraineEconomy #Ukrainians'spending #UTG
Without help from the US, Ukraine will have to expand its borrowing: What else is foreseen in Ukraine’s Plan B? Ukraine is working on a plan to cover the budget deficit without US support. The plan includes three elements: expanding domestic bond sales, raising taxes, and cutting spending. It is to be proposed ... #financialaidforUkraine #UkraineBudget2024 #UkraineBudgetDeficit #UkraineEconomy #UkraineFacility
Here are the reasons for the slowdown of inflation in Ukraine and new risks for an opposite trend. Several factors influenced the slowdown in inflation in January of this year. For example, aggregate demand has decreased significantly – by 25% compared to before the full-scale invasion, said ... #BohdanDanylyshyn #CurrencyMarket #InflationinUkraine #nbu #UkraineEconomy
Britain extends duty-free trade with Ukraine for five years, and trade has increased by 20% to $1.4B. The UK Department for Business and Trade announced that duty-free trade will be extended for all goods for five years, except for eggs and poultry, for which the regime will be extended only for two y... #DutyFreeTrade #UkraineBritainTrade #UkraineEconomy #YuliyaSvyridenko #ВідвантаженнятоварівУкраїна
Credit rating agency Fitch Ratings has assessed Ukraine’s banking sector. Ukraine’s banking sector has demonstrated considerable resilience during the war, aided by supportive monetary policy and lenient regulation, Fitch Ratings notes. “We expect the main lendi... #CreditRatingUkraine #financeUkraine #FitchRatings #UkraineBankingSector #UkraineEconomy
Top ICU analysts forecast the recovery of the Ukrainian economy in the coming years. The ICU’s Head of the Macroeconomic Research Department, Vitaliy Vavryshchuk, said the economy will mostly recover at rates between 3% and 5% over the next two to three years. However, an economic jum... #UkraineEconomicForecast #UkraineEconomy #UkraineRecovery #VitalyVavryshchuk
The NBU predicts a further decrease in the key policy rate. Most of the members of the Monetary Policy Committee of the National Bank predict a reduction of the discount rate to 14% by the end of the year. They believe that the NBU can return to lowering the d... #financeUkraine #KeyPolicyRate #nbu #UkraineEconomy #UkraineMonetaryPolicy
The NBU explains why the hryvnia strengthened at the beginning of the year. In January 2024, the situation on Ukraine’s foreign exchange market gradually improved, recovering amidst the fading effects of significant budget expenditures at the end of the year, explained NBU De... #AndriiPyshnyi #financeUkraine #Hryvnia #hryvniaexchangerate #nbu #UkraineEconomy #YuriGeletiy
Analysts calculate the damage caused by the border closure and give their forecast for the coming months. The blockade of Ukraine’s western borders by protesters since the fall of 2023 has led to decreased exports and imports. At the same time, the flow of goods was quickly directed in other ways. T... #BorderBlockade #nbu #UkraineEconomy #UkraineEconomyLosses #UkrainePolandCheckpoints #ВідвантаженнятоварівУкраїна
The NBU presents a scenario for Ukraine’s rapid economic growth during the process of joining the EU. Sustainable economic growth at a high rate is possible only through a steady increase in productivity. European integration can become a driving force for growth, even before Ukraine’s official access... #EuropeanIntegration #GDPinUkraine #nbu #UkraineEconomy #UkraineRecovery
An industrial park with ₴735M in investment will be built in the Kyiv region. The Cabinet of Ministers has added Universal Industry, located in the village of Rokytne, Kyiv region, to the Register of Industrial Parks. Total investment in the industrial park for the next three y... #IndustrialParksUkraine #investments #ProcessingPlantUkraine #UkraineEconomy #UniversalIndustry
The index of business activity expectations in Ukraine has worsened. The index of business activity expectations, which the NBU calculates every month, decreased to 41.0 in January from 45.7 in December 2023. Given the growing pressure from production costs and logisti... #BusinessActivityExpectations #nbu #UkraineBusinessActivity #UkraineEconomy #бізнесвУкраїні
ICU analysts explain what exactly ensured the growth of Ukraine’s economy by 5% last year. Ukrainian GDP growth of almost 5% resulted from stabilization following the previous year’s drop of 29.1%, ICU group analyst Vitaly Vavryshchuk said. “Additional investments or infrastructure pr... #BlackSeaCorridor #financialaidforUkraine #ICU #UkraineBudget #UkraineEconomy #VitalyVavryshchuk
The lack of EU and US financial aid puts Ukraine’s economy at risk. Without €50B in aid from the EU and additional funding from the US, Ukraine will not be able to keep fighting against Russia or sustain its damaged economy for long. “This is critical for us bec... #DanyloHetmantsev #financialaidforUkraine #MariaRepko #UkraineEconomy #UkraineFacility
Ukraine’s national debt grew 30.4% last year to a new historical high. As of December 31, 2023, the state’s and state-guaranteed debt amounted to ₴5.519T, or $145.32B, reported the Ministry of Finance. The ratio of national debt to GDP was 85%. State and state-guaranteed... #DanyloHetmantsev #financialaidforUkraine #GDPinUkraine #UkraineBudget2024 #ukrainedebt #UkraineEconomy
Export from Ukrainian ports is growing and bringing billions to the economy. As of January 29, dozens of ships were loading in the ports of Odesa. Agricultural products are exported the most, and metallurgy accounts for a significant portion. Nine vessels were in the port of O... #BlackSeaCorridor #OleksiySobolev #SeaExport #SeaPortsUkraine #SulinaCanal #UkraineEconomy #ВідвантаженнятоварівУкраїна
Last year, the volume of land sales increased by 58%, and prices are expected to rise this year. As stated in the review of the KSE, despite the significant growth in the agricultural land market in 2023, it has not yet reached pre-war indicators. Land turnover in 2023 increased by 58% compared t... #AgroLand #FarmLandReform #LandMarketUkraine #UkraineEconomy
All EU members have already agreed on the provision of €50B to Ukraine. Prime Minister of Ukraine Denys Shmyhal said that all 27 EU member states agreed to support the four-year €50B Ukraine Facility program and will approve it on February 1. If nothing changes, this year... #EdgarsRinkevics #EUfinancialAid #OlenaShulyak #UkraineBudget2024 #UkraineEconomy #UkraineFacility
The Ministry of Economy has assessed 2023’s most important economic indicators. Preliminary operational estimates indicate that Ukraine’s real GDP grew by 5% in 2023 after falling by 28.8% in 2022. According to the Ministry of Economy, the service sector’s most positi... #GDPinUkraine #InflationinUkraine #nbu #UkraineEconomy
Ukraine’s largest forest consumer announces losses due to the border blockade. State enterprise Forests of Ukraine put up more than one million cubic meters of wood for auction, director Yuriy Bolokhovets said. This record amount of timber was accumulated through unsold output d... #BorderBlockade #ForestsOfUkraine #UkraineEconomy #YuriyBolokhovets
Experts have recognized the “harm” of currency restrictions in Ukraine for economic recovery. Currency restrictions made sense at the beginning of the war in order to maintain economic stability, but now these restrictions only hold back the development of the economy and the attraction of pot... #CurrencyRestrictions #financeUkraine #InvestmentsinUkraine #UkraineEconomy
The US announced its main anti-corruption tasks to attract investments in Ukraine. Ukraine constantly needs to invest in the fight against corruption – the government and citizens must monitor each other to achieve the necessary standards, said the US special representative fo... #Anticorruption #InvestmentsinUkraine #PennyPritzker #ReformsinUkraine #UkraineEconomy #UkraineFightingCorruption
Ukraine is launching the Ukraine Development Fund and anticipates $30B in investment over four years through the Ukraine Facility. At the World Economic Forum in Davos, Minister of Economy Yuliya Svyridenko reported that work is underway on the Ukraine Development Fund and other instruments for attracting investment. “In 2023, th... #Davos2024 #InsuranceUkraine #InvestmentsinUkraine #UkraineEconomy #UkraineFacility #YuliyaSvyridenko
Infrastructure restoration has significantly driven domestic metallurgy; analysts predict further growth in demand. According to the results from 2023, the internal consumption of steel, considering imports, was approximately 3.5 million tons. Although metal trading companies face numerous problems caused by the wa... #MetallurgiaUkraine #MetallurgicalProduction #UkraineEconomy
Rising production, slowing inflation, rising wages, and downsizing: Businesses announce their expectations for 2024. Companies expect business activity to grow in the next 12 months, albeit slightly slower. This is evidenced by the Business Expectations Index of enterprises, which was 101.6% in the fourth quarter of... #UkraineBusinessActivity #UkraineBusinessExpectation #UkraineEconomy #бізнесвУкраїні
Ukraine’s imports exceed exports by 76%. In 2023, Ukraine imported goods worth $63.5B and exported $36B, according to the State Customs Service. Ukraine imported the most goods from China, $10.4B, Poland $6.6B, and Germany $4.9B. Ukraine exp... #nbu #UkraineEconomy #UkraineForeignTrade #UkraineTrade #Ukrainetradedeficit
The state will focus on launching joint defense enterprises with Western companies and developing industrial parks. In 2024, Ukraine aims to create joint defense enterprises with Western companies and localize the production of weapons, demining equipment, and other military equipment, Minister of Economy Yulia Svy... #DefenseEnterprises #DefenseIndustryUkraine #IndustrialPark #UkraineEconomy #YuliyaSvyridenko
The World Bank has worsened its growth forecast for Ukraine and for the world’s economies. The World Bank, in its updated review of the global economy, improved its estimate of Ukraine’s GDP growth in 2023 to 4.8% and predicted a slowdown in recovery to 3.2% in 2024. In 2025, growth, ... #GDPinUkraine #GlobalEconomy #UkraineEconomy #worldbank #WorldBankForecast
Despite the war, the M&A market in 2023 reached $1.4B and significantly exceeded the previous year’s figure. The volume of M&A deals in Ukraine at the end of 2023 amounted to $1.2B, reported InVenture. Considering these deals’ low publicity and transparency, this figure could be slightly higher and... #investments #MergersAcquisitions #UkraineEconomy
The NBU has summarized the war’s consequences for the Ukrainian economy. The full-scale invasion by the Russian Federation has caused a 30% loss of Ukraine’s GDP. Also, the forced exodus of Ukrainians in 2022 caused an increase in inflation, said the head of the Nati... #AndriiPyshnyi #GDPinUkraine #nbu #UkraineEconomy #WarinUkraine
Food prices in Ukraine will increase by 5-7% by the end of winter, said the Deputy Chairman of the All-Ukrainian Agrarian Council, Denys Marchuk. He noted, “There will be no sharp price increases because there are currently no facts that would lead to that occurring.... #DenysMarchuk #FoodPriceUkraine #InflationinUkraine #UkraineEconomy
