How does migration affect the Ukrainian economy? Since achieving its independence, Ukraine has experienced several waves of migration caused by economic and geopolitical factors. The largest of them is the most recent, triggered by Russia’s full-sca... #RepatriationInUkraine #UkraineEconomy #UkraineRefugees #UnemploymentUkraine
Ukraine has lost almost ₴10B through the Polish border blockade; The EC seeks to preserve transport visa-free. Ukraine’s losses are associated with a 40% export drop due to blocked checkpoints. The state budget of Ukraine lost ₴9.3B due to the loss of these customs payments, said the head of the specialized pa... #AdinaValean #BorderBlockade #DanyloHetmantsev #transportvisafree #UkraineEconomy
Concorde Capital has pointed out the shortcomings of the Ukrainian war economy. Ihor Mazepa, the founder of the investment company Concorde Capital, noted that the first and most crucial problem of Ukraine’s military economy is a significant lack of qualified personnel. Thi... #ConcordeCapital #IhorMazepa #UkraineEconomy
Ukraine has a backup plan for a lack of financial assistance from the West. With uncertainty surrounding financial assistance from the US and the EU for the 2024 state budget, Ukraine is working on preparing a plan B, analysts say. They believe that with a reduction in extern... #financialaidforUkraine #SupportUkraine #UkraineBudget2024 #UkraineEconomy
Ukraine’s state debt risks exceeding ₴5 trillion and will amount to 90% of GDP. As of October 31, Ukraine’s state and state-guaranteed debt amounted to ₴4.96T. According to November’s results, the national debt will probably exceed the ₴5T mark, having increased by ₴2.3T (+... #DanyloHetmantsev #GDPinUkraine #UkraineBudget #UkraineEconomy #UkraineStateDebt
This fall, Ukrainian consumers’ optimism has fallen to its lowest level since last summer. The Ukrainian consumer sentiment index decreased by 2.8 points to 79.9 points in October. This is the lowest that the indicator has been since August 2022, when it was 75.3 points. At the same time, t... #BusinessActivityExpectations #ConsumerPrices #financeUkraine #UkraineEconomy
Which enterprises have become the Ukrainian wholesale trade market’s leaders during the war? Almost half of the 10 most successful Ukrainian wholesalers are businesses that trade solid, liquid, and gaseous fuels alongside similar products, reported Opendatabot. In particular, Okko, WOG, West ... #Kernel #nibulon #okko #retailUkraine #UkraineEconomy #UkrainianEnterprises
In October, Ukraine’s GDP grew by more than 10%. The Ukrainian economy continues to demonstrate positive dynamics despite adverse external factors. According to preliminary estimates from the Ministry of Economy, GDP growth in October 2023 compared ... #GDPinUkraine #UkraineEconomy #UkraineRecovery
Food prices in Ukraine have begun to rise again. Average consumer prices for food in October increased by 1% compared to September, thereby ending the decline that had been ongoing since July of this year. The prices of vegetables (+14%), eggs (+10.... #BorderBlockade #FoodPrices #pricesinUkraine #UkraineEconomy
Economic damage from the Polish-Ukrainian border blockade may reach $400M. The interruption of the supply of Ukrainian goods by truck through Poland will affect both the export and import of goods to Ukraine. According to preliminary calculations by the National Bank, in 202... #BorderBlockade #nbu #UkraineEconomy #UkraineForeignTrade #UkrainePolandCheckpoints
Concorde Capital forecast for Ukraine’s GDP growth is 6% this year and no more than 3% in the future. The Ukrainian economy will grow by about 6% in 2023, and in the future, economic growth will not exceed 3% per year, predicts the CEO of investment company Concorde Capital, Ihor Mazepa. “We wer... #ConcordeCapital #GDPinUkraine #IhorMazepa #UkraineEconomicForecast #UkraineEconomy
Ukraine’s real GDP growth slowed to 6.5% in October. In September, this indicator was at 11.1%. The reason for the slowdown was the lower contribution from agriculture due to the higher statistical base in October last year, reported the Institute for E... #GDPinUkraine #UkraineEconomy #UkraineTrade
A 20% increase in railway freight rates threatens to reduce acreage in 2024. The Ukrainian Grain Association expressed concern about the upcoming 20% increase in tariffs for freight rail transportation and the use of freight cars in 2024 and called on the government and Ukrain... #FreightTransportationPrice #UkraineEconomy #UkrainianRailways #UZtarrifs
The demand for imports can create 600 processing enterprises in Ukraine with a production capacity of $90B. According to Parliament Member Dmytro Kysylevsky, the volume of raw materials and the demand for goods in Ukraine make it reasonable to create approximately 600 processing enterprises in Ukraine. The ... #JobInUkraine #ProcessingPlantUkraine #UkraineEconomy #UkraineRecovery
The EC has significantly improved its forecast for Ukraine’s 2023 GDP from 0.6% to 4.8%. At the same time, the forecast for 2024 was reduced from 4% to 3.7%; in 2025 GDP growth is expected to be 6.1%. “Despite serious problems caused by Russia’s aggressive war, Ukraine’s... #GDPinUkraine #InflationinUkraine #UkraineBudget2024 #UkraineEconomy #UkraineGDPforecast
Most Ukrainians count on an economic boom in post-war Ukraine. Currently, 21.2% of Ukrainians believe that rapid economic growth (5-7% of GDP per year) will begin in Ukraine within 1-2 years after the end of the war. Also, 48.5% think economic growth will start w... #SociologicalSurvey #UkraineEconomicForecast #UkraineEconomy
The IMF has improved its expectations for Ukrainian economic growth to 4.5%. In the IMF’s notification regarding the arrangements for the second review of the program as part of the expanded financing of the EFF, it is noted that the Ukrainian economy continues to demons... #EFFprogram #GDPinUkraine #imf #IMFprogramforUkraine #UkraineEconomy
The National Bank explained why prices fell in October. The regulator noted that inflation has continued to slow down, primarily due to further growth in the food supply and the preservation of stability in the foreign exchange market. Thus, in October con... #InflationinUkraine #nbu #pricesinUkraine #UkraineEconomy
IMF: The war will determine Ukraine’s economic prospects. Ukraine’s economy continues to recover in 2023 amid infrastructure attacks, and its growth could reach 1-3% this year, 3.2% next year, and 6.5% in 2025. However, the duration and intensity of th... #GDPinUkraine #imf #IMFforecast #UkraineEconomy
A shortage of workers forces employers to invest in wages. The number of job vacancies in Ukraine’s labor market has exceeded 100,000 for three months. This corresponds to the number of registered unemployed of 108,000. In October, businesses tried to c... #JobInUkraine #SalaryUkraine #UkraineEconomy #UnemploymentUkraine
Large harvests allow the NBU to improve its GDP forecast for this year. According to the Inflation Report for October, an estimate of real GDP growth is due to a better-than-expected harvest of major crops. The National Bank improved its real GDP growth estimate by the en... #GDPinUkraine #HarvestUkraine2023 #KakhovkaHPP #nbu #UkraineEconomy
The National Bank and the Ukrainian government have updated price forecasts in Ukraine. At the end of this year, consumer price growth will slow to 5.8% from 26.6% in 2022. The faster-than-expected inflation decrease is primarily the result of greater food supply following higher harvest... #InflationinUkraine #nbu #pricesinUkraine #UkraineEconomy
The government specifies 2023 macroeconomic indicators for GDP and the hryvnia exchange rate. The Cabinet of Ministers approved the draft of the 2024 State Budget for the second reading. The revenue has been increased by ₴22.2B compared to the first reading and is foreseen at ₴1.768 trillion. ... #GDPinUkraine #hryvniaexchangerate #UkraineBudget #UkraineEconomy
The war has accelerated Ukraine’s expansion of its processing industry. “If we take OECD standards, in developed countries, the share of the processing industry in GDP is 20%. Therefore, we set ourselves the task of increasing the share of processing in Ukrainian GD... #agroexportukraine #ProcessingPlantUkraine #UkraineEconomy #YuliyaSvyridenko
MIGA and the DFC are finalizing six Ukrainian projects with war risk insurance. One of the projects is the Dragon Capital Industrial Park, which recently received $9.2M in military risk coverage from MIGA, said Economy Minister Yuliya Svyridenko. MIGA is working on two more proje... #DFC #InsuranceUkraine #MIGA #MilitaryRiskInsurance #UkraineEconomy #YuliyaSvyridenko
How did Ukraine’s international trade develop in September 2023? For the month, the trade deficit amounted to $0.8B. The deficit’s formation stems from the contraction of foreign trade. For the first nine months of the year, the export of goods decreased by 35.9%, ... #UkraineEconomy #UkraineForeignTrade #UkraineImport #ВідвантаженнятоварівУкраїна
How land prices in Ukraine have changed during the second year of the full-scale war. The weighted average price of land in Ukraine increased by 10.4% in the first nine months of the year – up to ₴38,500 ($1,070) per hectare, according to the corresponding report of the KSE. It i... #AgroLand #FarmLandSale #LandMarketUkraine #UkraineEconomy
Several industries in Ukraine are already experiencing a labor shortage. On average, two candidates apply for each job vacancy in Ukraine, compared with nine applicants per opening one year ago. There has been more work, and the labor market has become more active, the Sta... #JobInUkraine #UkraineEconomy #UkraineLaborMarket
In September, Ukraine’s economy grew by more than 9%. Despite the war, the Ukrainian economy continues to recover. GDP growth in September 2023 compared to September last year was about 9.1%, the Ministry of Economy reported. At the same time, based on t... #GDPinUkraine #UkraineBusiness #UkraineEconomy #YuliyaSvyridenko
Dragon Capital has revised its macroeconomic forecast for 2024 and now expects Ukraine’s GDP to grow by no more than 5% instead of 8%. The reason for this reevaluation is the longer duration of the hot war with Russia than previously expected, explained the founder and CEO of the company, Tomas Fiala. Dragon Capital’s previous ... #DragonCapital #GDPinUkraine #TomasFiala #UkraineEconomy
Shmyhal voiced optimistic forecasts regarding Ukraine’s economic growth in Berlin and called on German businesses to invest. According to the current year’s results, Ukraine’s GDP will grow by more than 4%, even though the economy fell by 30% after the start of the war. In addition, inflation has already slowed ... #DenysShmyhal #GDPinUkraine #InflationinUkraine #InvestmentsinUkraine #UkraineEconomy
The Ukrainian economy has regained the trust of consumers and investors. The NYT writes that it will take many years for Ukraine’s economy to return to pre-war levels, but after nearly 20 months of war, there is a sense of relative stability. Ukraine’s economy ... #GDPinUkraine #InvestmentsinUkraine #UkraineEconomy
The Ukrainian economy faces a severe problem: a lack of workers. Most companies, namely 65% of those surveyed, plan to open new vacancies in 2024, according to an EBA study. Also, more than 80% of businesses do not intend to reduce the number of personnel. In addit... #EBA #SalaryUkraine #UkraineEconomy #UkraineJobmarket
Even after victory, Ukraine will need international aid to survive. As Minister of Finance Serhiy Marchenko said, two fundamental ways to reduce this dependence in Ukraine are increasing economic output and winning the war. “But increasing the domestic market vo... #financialaidforUkraine #SerhiyMarchenko #SupportUkraine #UkraineEconomy #UkraineRecovery
The number of business leaders who expect a long war with Russia has doubled. According to a survey of top managers in Ukraine conducted by the Gradus Research agency in 2022, 54% of business leaders expected the war’s end by the end of the next year, and only 38% believe... #BusinessExpectation #CorruptionUkraine #UkraineEconomy #WarinUkraine #бізнесвУкраїні
Ukraine presents the G7 financial block with its economic prospects, which the IMF assesses positively. Ukraine’s economy is showing stability during the current year, and GDP growth is forecast to be 4.7%, said Finance Minister Serhiy Marchenko. “Inflation is falling faster than expected: 7... #AlfredKammer #GDPinUkraine #imf #InflationinUkraine #SerhiyMarchenko #UkraineEconomy
Ukraine’s external financing needs in 2024 are $3B higher than previous estimates. Ukraine has shown outstanding results in the country’s economic management during the war, but its needs in external financing in 2024 will be $3B more, and it is necessary to help Ukraine cope ... #EFFprogram #imf #KristalinaGeorgieva #UkraineEconomy #UkraineRecovery
Private investment can provide a third of Ukraine’s needs for recovery, said the president of the World Bank Group, Ajay Banga. He also noted that the World Bank positively assesses Ukraine’s course on implementing reforms. “The Minister of Finance, Mr. Marche... #AjayBanga #InvestmentsinUkraine #SerhiyMarchenko #UkraineEconomy #UkraineRecovery #worldbank
The IMF has returned Ukraine to its long-term economic forecast and improved expectations for GDP growth. After the beginning of the full-scale Russian invasion in February 2022, the IMF only gave a forecast for the current year in its World Economic Outlook. Now, estimates for Ukraine for 2024-2028 are i... #GDPinUkraine #IMFforecast #InflationinUkraine #UkraineEconomy
Business in Ukraine is increasing sales, and industrial exports are recovering. The tobacco concern Philip Morris International (PMI) lost half of its Ukrainian market share due to the war, dropping from 28.5%, but has recovered to 24% this year. The Ukrainian online retailer Roz... #IndustryUkraine #Rozetka #UkraineEconomy #UkraineRecovery #бізнесвУкраїні
Inflation in Ukraine fell to 7%, and Ukrainians’ income increased. Consumer inflation in Ukraine slowed to 8.6% in August thanks to a larger than expected supply of new-harvest vegetables and fruits. According to the NBU’s estimates, the slowdown in inflation w... #InflationinUkraine #nbu #pricesinUkraine #UkraineEconomy #UkraineIncome
The IMF predicts growth for Ukraine’s economy and names priority reforms. Deputy head of the IMF mission in Ukraine, Natan Epstein, said that this year the IMF expects the Ukrainian economy to grow from 1.3% to 3%. He also positively assessed the NBU’s decision to switch to... #EFFprogram #GavinGray #imf #NatanEpstein #ReformsinUkraine #UkraineEconomy
The World Bank has improved its economic forecast for Ukraine. The World Bank forecasts Ukraine’s GDP to grow by 3.5% in 2023 and 4% in 2024, which is 1.5 and 0.5 percentage points higher than its June estimates, according to the updated economic forecast f... #GDPinUkraine #UkraineEconomicForecast #UkraineEconomy #worldbank
Despite the war, the economy is growing in three regions of Ukraine. As reported by the Center for Economic Recovery (CER), the eastern regions suffered the most from the Russian invasion (gross product dropped by 30-40%), and the central and western regions suffered l... #BusinessRelocation #UkraineEconomy #UkrainianEnterprises
The NBU will revise its 2023 forecasts for GDP and inflation toward improvement. As the Deputy Chairman of the NBU, Serhii Nikolaychuk, noted, the situation in the agricultural sector has contributed to the positive changes. “In recent months, inflation has been falling more... #GDPinUkraine #InflationinUkraine #nbu #SerhiiNikolaychuk #UkraineEconomy
The EBRD wants to invest about €1.5B in Ukraine annually. For this purpose, the European Bank for Reconstruction and Development is working on a plan to increase its capital, EBRD President Odile Renaud-Basso said. The bank said in May that it plans to ask s... #ebrd #InvestmentsinUkraine #OdileRenaudBasso #UkraineEconomy
The return of refugees and investment should restore Ukraine’s economy in four years. This opinion was expressed by Deputy Minister of Economy Oleksiy Sobolev. He added that the country’s economy shrank by 30% in the first year of the war, and Ukraine should exceed this figure in... #InvestmentsinUkraine #OleksiySobolev #RefugeesFromUkraine #RepatriationInUkraine #UkraineEconomy #UkraineRecovery
The EBRD confirms its belief in moderate growth for Ukraine’s economy in 2023-2024. The European Bank for Reconstruction and Development has maintained its May growth forecast for Ukraine’s economy for 2023-2024. According to the bank, Ukraine’s GDP is expected to grow by... #ebrd #GDPinUkraine #InflationinUkraine #UkraineEconomy
The NBU favors reducing the key policy rate to 18% by the end of the year. Nine out of 11 NBU Monetary Policy Committee members spoke in favor of lowering the discount rate to 20% in September. The majority of committee members decided that a moderate 2% discount rate reduct... #financeUkraine #KeyPolicyRate #nbu #UkraineEconomy
Ukraine’s real GDP grew by 19.5%; the economy has adapted to wartime conditions. Ukraine’s real gross domestic product in the second quarter of this year increased by 19.5% compared to the second quarter of last year, according to an operational assessment by the State Stati... #GDPinUkraine #UkraineBudget #UkraineEconomy #YuliyaSvyridenko
