Ukraine’s foreign trade deficit decreased by 30%. According to the results from November, the foreign trade deficit in Ukraine decreased to $2.12B ($2.96B in October). Imports of goods amounted to $5.07B, which is 10.1% less compared to October, whil... #BorderBlockade #Foreigntradedeficit #UkraineEconomy #UkraineForeignTrade #ВідвантаженнятоварівУкраїна
Despite the war, Ukrainian retailers significantly expanded their store networks. As of the end of October 2023, 17,692 stores in the main retail sectors (including the entertainment sector) were operating in Ukraine, which is 1.9% more than in 2021. In 10 months of this year, 1,97... #PharmaceuticalMarketUkraine #retailUkraine #UkraineEconomy #бізнесвУкраїні
American Chamber of Commerce: What foreign and Ukrainian businesses expect in 2024. This year, 74% of AmCham members in Ukraine achieved their planned financial results, while 24% were not able to do so. Next year, 46% of surveyed companies hope for an increase in revenues, 41% belie... #AmericanChamberCommerce #BusinessExpectation #UkraineEconomy #бізнесвУкраїні
The volume of Ukrainian industrial production increased by 2.4% in the last three quarters. At the same time, in September the indicator increased by 11.7% compared to September last year. Metallurgy production and finished metal products over three quarters of the year decreased by 3.6% com... #IndustrialProductionUkraine #MetallurgiaUkraine #MiningCompanyUkraine #UkraineEconomy
The volume of completed construction works increased by almost 21% this year. The index of completed construction works in Ukraine increased by 20.4% in January-September compared to last year. The volume of completed construction works during this period in monetary terms reac... #ConstructionUkraine #UkraineEconomy #UkraineReconstruction #UkraineRecovery
The business community names the key obstacles to its development and investment in Ukraine. According to the EBA, compared to last year, the number of those considering tax legislation to be of high quality decreased from 26% to the current 9%. According to the interviewees, constant changes... #TaxesinUkraine #UkraineEconomy #UkraineTaxSystem #бізнесвУкраїні
The IMF has revised the forecast for Ukraine’s real GDP growth in 2023 to 4.5%. Ukraine’s macroeconomic indicators have been stronger than expected despite the ongoing war. This contributed to the upward revision of the IMF’s forecast for economic growth. The IMF revi... #GavinGray #GDPinUkraine #imf #UkraineEconomicForecast #UkraineEconomy
Concorde Capital gives its forecast regarding Ukraine’s key economic indicators. GDP growth in 2023 will be 5-6%. Currently, it is primarily supported by consumer demand.In 2024, this demand will decrease, and the projected GDP growth will be 2-3%, according to Ihor Mazepa, the fo... #ConcordeCapital #GDPinUkraine #IhorMazepa #InflationinUkraine #UkraineEconomy
Fitch has confirmed Ukraine’s likely default and improved Ukraine’s GDP growth forecast to 5.1% this year. International rating agency, Fitch Ratings, has confirmed Ukraine’s long-term issuer default rating (EDR) in foreign currency at the CC level. Fitch expects the war to continue through 2024. At ... #defaultinukraine #FitchRatings #GDPinUkraine #UkraineEconomicForecast #UkraineEconomy #WarinUkraine
Investment companies raise their 2024 economic forecasts for Ukraine. Based on 2023’s results, the ICU investment company predicts GDP growth between 5.8% and 5% in the coming year. It is also assumed that at the end of 2023 inflation will be 6.2%. Inflation is expected... #DragonCapital #GDPinUkraine #HryvniaForcast #InflationinUkraine #UkraineEconomy
The US names six main conditions for attracting investment to Ukraine. Security, reforms, new support tools, infrastructure development, compensation for the damages caused by Russia, and the integration of refugees and veterans are six key elements necessary to attract ... #InvestmentsinUkraine #PennyPritzker #UkraineEconomy #UkraineRecovery
Turnover at Ukrainian shopping malls is increasing, and foot traffic has exceeded pre-war indicators. The largest Ukrainian shopping and entertainment centers noted a significant increase in turnover in hryvnia, by 40%-100% compared to last year, and foot traffic, which has exceeded pre-war indicators... #RespublikaPark #ShoppingCentersUkraine #ShoppingMallTraffic #UkraineEconomy
Ukraine’s economy is recovering faster than forecast, but how will it do in the next two years? The rate of recovery of the Ukrainian economy in 2023 exceeded initial forecasts, and the locomotive of positive change was the ability of Ukrainian businesses to adapt to the challenging conditions o... #GDPinUkraine #InflationinUkraine #nbu #UkraineEconomicForecast #UkraineEconomy
The government of Ukraine gives a price forecast for the near future. The growth of consumer prices in Ukraine will slightly accelerate in the coming months, but overall inflation will remain moderate. As noted in the Ministry of Economy’s review, price growth is ... #InflationinUkraine #UkraineEconomicForecast #UkraineEconomy
In Ukraine, non-transparent capital flows are twice as large as transparent ones. According to the Center for Economic Strategy, the share of domestic private constructive capital in Ukraine is about 22%, while corrosive capital is about 46%. Corrosive capital represents opaque cap... #ConstructiveCapital #CorrosiveCapital #financeUkraine #UkraineEconomy
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
