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 #OlhaStefanishyna #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
The key policy rate in Ukraine may drop to 11-12% by the end of the year. Some members of the Monetary Policy Committee of the National Bank have not ruled out a lowering of the key policy rate to 11%–12% this year. This rate will be consistent with expected moderate inflat... #CurrencyLiberalization #financeUkraine #InflationinUkraine #KeyPolicyRate #nbu #UkraineEconomy
How business tax increases and economic reservations from mobilization will affect Ukraine’s budget. Ukraine needs to find new sources of income for the state budget because raising taxes for businesses will lead to a decline in the country’s defense capabilities, according to Deputy Chairman o... #BusinessSupport #MobilizationUkraine #TaxesToTheBudget #UkraineBudget2024 #UkraineEconomy #YaroslavZhelezniak
Ukraine plans to increase the excise duty on cigarettes, alcohol, and fuel to harmonize with EU norms. A schedule of annual rate increases until 2028 has been established for all excise goods. In particular, the excise tax on tobacco products will be equated to the euro, the tax rate will gradually inc... #ExciseDuty #ExciseTaxesOnFuel #TaxesUkraine #UkraineEconomy
How has the war transformed the labor market in Ukraine? During 2023, employers informed employment centers about 329,000 vacancies. The structure of these vacancies is as follows: 18% of vacancies – at processing industry enterprises 16% – in w... #JobInUkraine #UkraineEconomy #UkraineLaborMarket #UnemploymentUkraine
The International Monetary Fund has updated its macro forecast for Ukraine. According to the IMF, the expectation for nominal GDP in 2024 has increased to ₴7.75T from the ₴7.64T predicted in December last year’ However, 2025’s forecast remains almost unchanged at ₴8.86T. At t... #GDPinUkraine #imf #InflationinUkraine #UkraineBudget2024 #UkraineBudgetDeficit #UkraineEconomicForecast #UkraineEconomy
IMF: Due to the intensification of the war, the shock to Ukraine’s economy will begin in the second quarter. According to the IMF, in a negative scenario, the war will end by the end of 2025 and not at the end of 2024 as in the base scenario. At the same time, “the shock will begin in the second quarte... #GDPinUkraine #imf #InflationinUkraine #UkraineEconomicForecast #UkraineEconomy #WarinUkraine
Over the year, Ukraine’s gross foreign debt increased by almost 25%. How does this threaten the financial system? Ukraine’s gross foreign debt at the end of 2023 amounted to $161.5B. That is, it increased by almost 25% (+$30.6B). This debt includes the external debt from the government, the central bank, commerci... #DanyloHetmantsev #GDPinUkraine #nbu #UkraineBudget2024 #ukrainedebt #UkraineEconomy
One of the largest metallurgical plants in Ukraine exported 3.1 million tons of products and is increasing production. During the two years of the full-scale war, the Zaporizhstal metallurgical plant has exported 3.1 million tons of iron and rolled steel. The plant’s products are shipped to 38 countries around t... #SteelProductionUkraine #UkraineEconomy #UkraineIronProduction #Ukrainianmetallurgy #Zaporizhstal
In February, Ukraine reduced the deficit in foreign trade in goods by $130M. In February, Ukraine exported $3.4B worth of goods, which is equal to January’s result and almost 2% more than in February last year. Compared to January, the import of goods decreased by 2.3% t... #ExportCorridors #UkraineEconomy #UkraineTrade #Ukrainetradedeficit #ВідвантаженнятоварівУкраїна
About 75% of the Ukraine Business Compact platform’s participants have already invested in Ukraine or may soon do so. The Ministry of Economy, together with hundreds of companies from Ukraine and around the world, have started work to implement investment projects in promising sectors of the Ukrainian economy and dis... #InvestmentsinUkraine #UkraineBusinessCompact #UkraineEconomy #VolodymyrKuzyo
Experts have named the most attractive industries for investment in Ukraine and identified the barriers that should be removed. As Andrii Dlygach, the Director of the Advanter Group of Companies, pointed out, given its present course of European integration, Ukraine has huge opportunities in everything related to the green tra... #energyukraine #investments #InvestmentsinUkraine #UkraineDevelopment #UkraineEconomy #Ukrainianmetallurgy
