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
In seven months, Ukraine received $2.2B in direct foreign investment and seeks to develop its processing industry. According to the Minister of Economy of Ukraine, Yulia Svyridenko, Ukraine’s projected investment need for 2023-2032 is estimated at $90B. At the same time, the state plans to concentrate on dev... #GDPinUkraine #InvestmentsinUkraine #ProcessingPlantUkraine #UkraineEconomy #YuliyaSvyridenko
In the second quarter, Ukraine’s gross external debt increased to 92.7% of GDP. The amount of debt increased by $8.8B and, at the end of the half-year, amounted to $148.6B, the National Bank informs. In the second quarter, the public sector’s external debt increased to $84.... #financeUkraine #GDPinUkraine #nbu #ukrainedebt #UkraineEconomy
Ukraine will start selling military bonds abroad. According to the WSJ, Ukraine wants to sell military bonds to foreign individuals, mainly from Western Europe, as the government continues to seek ways to finance its military spending. According to a... #BondSalesUkraine #financeUkraine #nbu #ukrainebonds #UkraineEconomy
More than a third of Ukrainian refugees do not plan to return home. In particular, 23% have not decided whether to return to Ukraine, and 13% know that they will not return, according to a Youkraina study. However, 64% of respondents plan to return, but only 2% have t... #RepatriationInUkraine #UkraineEconomy #UkraineRefugees #UkrainiansAbroad #WarinUkraine
Last year, Ukrainian farmers’ profit decreased by 63% to UAH 87.1B. The Institute of Agrarian Economics reported that this is the total profit from the agricultural, forestry, and fishing industries. The department noted that this is the highest indicator in terms of ... #agroUkraine #UkraineEconomy #Ukrainianfarmers
Next year, Ukraine will once again seek $15B for rapid recovery. In 2024, Ukraine will need from $10 to $15B for quick recovery, Prime Minister Denys Shmyhal said. He specified that financing of the Recovery Fund from the state’s budget for the next year is n... #DenysShmyhal #RussianAssetsConfiscation #UkraineEconomy #UkraineRecovery
Ukraine’s economy grew by 8% in August. The growth of Ukraine’s real GDP in August remained close to 8% compared to August 2022, but the GDP was more than 20% lower than 2021’s level, the Institute of Economic Research (IER) rep... #GDPinUkraine #InflationinUkraine #internationalReserves #nbu #UkraineEconomy
Since the war began, bonds tied to Ukraine’s GDP have increased in value to the highest level. The price of Ukraine’s GDP warrants, according to the results of the September 8 auction, increased by approximately two percentage points – up to 49.2% of the nominal value. This is the h... #AnthonyBlinken #BondsUkraine #financeUkraine #UkraineEconomy #UkraineSecurities
The Ministry of Finance of Ukraine also “positively” revised its forecast for Ukraine’s GDP. According to 2023’s activity, Ukraine’s GDP will grow by more than 3%, Minister of Finance Serhii Marchenko said. “The balance of payments has been adjusted thanks to external infusi... #EUEconomy #GDPinUkraine #nbu #SerhiyMarchenko #UkraineEconomy
Ukraine observes falling inflation for the second month in a row, and the economic expectations of investors and the government are improving. Consumer prices in Ukraine decreased by 1.4% in August 2023, which led inflation in Ukraine in annual terms to fall to 8.6%, the State Statistics Service reported. In July, inflation was 11.3%, and in... #GDPinUkraine #InflationinUkraine #UkraineEconomy #YaltaConference #YuliyaSvyridenko
Inflation in August fell to 10% for the first time since June 2021. According to the schedule published by the National Bank, inflation slowed to approximately 10% in August. The last time annual inflation in Ukraine was observed below 10% was in June 2021 (9.5%). In ... #FoodPriceUkraine #InflationinUkraine #nbu #UkraineEconomy
More Ukrainians are willing to stay abroad, causing a 7% GDP drop. The situation with Ukrainian refugees is not improving. According to the Center for Economic Strategy, a more active state policy for the return of citizens is needed. Between 1.3 million and 3.3 mill... #GDPinUkraine #RefugeesFromUkraine #RepatriationInUkraine #UkraineEconomy #UkrainiansAbroad
The Ukrainian economy is recovering faster than the NBU forecast. The absence of power outages and the further improvement of supply routes, including through the western borders, all have contributed to the Ukrainian economy’s growth, the National Bank of Ukr... #GDPinUkraine #nbu #UkraineEconomy
How to raise $1 trillion in investment for Ukraine? Economists propose to deregulate business, lower taxes, privatize state property, and reduce the state’s influence on the economy, which will encourage entrepreneurs to open their businesses in ... #InvestmentsinUkraine #ReformsinUkraine #UkraineEconomy #бізнесвУкраїні #ПриватизаціяУкраїна
Small and medium-sized businesses are recovering in Ukraine: 52% of enterprises are operating fully. As of the third quarter, another 41% of entrepreneurs are working with restrictions, and only 7% are not working, according to an EBA survey. Small businesses are also gradually restoring and increasi... #BusinessduringWar #EBA #UkraineEconomy #бізнесвУкраїні
Until the war ends, Ukraine will not be able to attract large-scale foreign investment. Attracting capital will be possible only if the active phase of the war ends and security guarantees are obtained from partners, said Deputy Head of the Office of the President Rostyslav Shurma. ̶... #InvestmentsinUkraine #RostyslavShurma #UkraineEconomy
Ukraine’s government expects the GDP to grow by 3.2% this year. The Ministry of Economy reported that they are currently observing the recovery of economic growth after significant losses. The economy continues to adapt to the current challenges of the war success... #GDPinUkraine #UkraineEconomy
The attack on the Kakhovka HPP will increase the trade deficit by $400M annually. According to the NBU, Russia’s detonation of the Kakhovka HPP will have several economic consequences, including damage to agriculture, an increase in production and logistics costs, and a reduc... #AgroLossesUkraine #KakhovkaHPP #tradedeficit #UkraineEconomy
The National Bank expects the state budget deficit to grow next year. In July, the regulator lowered its forecast for this indicator to 16.8% of GDP. Thus, considering grants, it is predicted that the consolidated budget deficit will reach UAH 1.28T. In the April report... #GDPinUkraine #nbu #UkraineBudget #UkraineBudgetDeficit #UkraineEconomy
The NBU expects Ukraine’s GDP to grow by 2.9% this year and notes the positive impact of military aid to Ukraine on the economy of Western countries. As noted in the July National Bank Inflation Report, economic growth will accelerate in the coming years, considering the National Bank’s assumption that security risks will decrease in mid-2024... #GDPinUkraine #InflationinUkraine #nbu #UkraineEconomy
Ukraine and the EU have finalized the concept of Kyiv’s five-year support plan. According to Minister of Economy Yulia Svyridenko and representatives from the European Commission, the key points of the 2024-2027 plan are macro-financial recovery scenarios, a program of reforms, i... #EUfinancialAid #EUprogramForUkraine #MarleneMadsen #UkraineEconomy #UkraineFacility #YuliyaSvyridenko
The war costs Ukraine about UAH 2T per year. “Supporting the Armed Forces of Ukraine and confronting Russia in the war it unleashed costs our state about 2 trillion hryvnias,” said Prime Minister Denys Shmyhal at a conference of Ukra... #DenysShmyhal #UkraineEconomy #WarinUkraine
Business expectations worsened in July across all sectors. The business activity expectation index, calculated by the National Bank (NBU) in July, fell by two points to 48.8 on a scale from zero to 100 after three months of being on the positive side of the s... #BusinessExpectation #nbu #UkraineBusinessActivity #UkraineEconomy
The NBU improves its GDP forecast for this year but lowered it for 2024. The national bank expects the Ukrainian economy to grow by 2.9% this year compared to the previous forecast of 2%. The further recovery of Ukraine’s economic activity will be facilitated by the ... #GDPinUkraine #nbu #UkraineEconomicActivity #UkraineEconomy
Ukraine’s GDP growth in the last 12 months increased by 20%. Ukraine’s GDP growth in the second quarter of 2023 compared to the second quarter of 2022 was about 20-21%, reported the Institute for Economic Research and Policy Consulting (IER). In the month... #GDPinUkraine #UkraineEconomy #UkraineIndustry #UkraineRecovery
Ukraine needs its women refugees to come home soon. Most men age 18 to 60 aren’t allowed to leave the country, which explains why 68% of Ukrainian refugees are women, with an even greater gender disparity among adults. According to Alexander Isakov of ... #RefugeesFromUkraine #RepatriationInUkraine #UkraineEconomy #UkraineRecovery
The EU predicts Ukraine’s GDP will grow this year. The Spring 2023 Economic Forecast states that Ukraine’s economy will stabilize this year, and GDP may grow by 0.6%. And after a year, growth may reach 4%. This growth is forecast even though dur... #GDPinUkraine #UkraineEconomicForecast #UkraineEconomy
Ukraine was included in the European economic forecasts for the first time in the Spring 2023 Economic Forecast. On July 16, during the meeting of the G7 financial bloc, EU Economic Commissioner Paolo Gentiloni emphasized that in 2023 Ukraine will be included in the regular review of structural features, economi... #GDPinUkraine #PaoloGentiloni #UkraineEconomicForecast #UkraineEconomy
The NBU explained why inflation in Ukraine is falling rapidly and what risks can change the trend. In June, consumer inflation in annual terms slowed to 12.8%. “The slowdown was caused by a greater supply of food and fuel, a decrease in world prices on commodity markets, and an improvement in... #InflationinUkraine #nbu #pricesinUkraine #UkraineEconomy
The IMF has improved its economic assessment of Ukraine. Real GDP growth in Ukraine as of May has already reached +2.4% compared to -29.1% at the end of last year, while inflation indicators have decreased and conditions on the foreign exchange market have ... #GDPinUkraine #imf #InflationinUkraine #StateBudgetUkraine #UkraineEconomy
Ukraine will lose $113B of GDP over ten years from the loss of refugees who do not return. It could also mean a loss of about $45B in tax revenue, according to a study by the Center for Economic Recovery and EasyBusiness. It is noted that about 2.1 million displaced people are members of th... #GDPinUkraine #RepatriationInUkraine #UkraineEconomy #UkraineRefugees #WorkForRefugees
Ukraine’s processing enterprises can receive USAID grants of up to $150,000. Small and medium-sized processing enterprises will receive development grants from $75,000 up to $150,000, says the Ministry of Economy’s press service. “Small and medium-sized processing ... #businessinukraine #GrantsForBusiness #UkraineEconomy #USAID
Business activity results are positive for the third consecutive month. After adapting to the difficult conditions of a full-scale war, Ukrainian business has given positive evaluations of their activities’ results for the third month in a row, according the Busines... #BusinessduringWar #nbu #UkraineBusinessActivity #UkraineEconomy
The National Bank of Ukraine predicts an inflation slowdown in the coming months. In May, annualized consumer inflation slowed to 15.3% from 17.9% in April. In the future, price growth will not slow down as quickly, the NBU warns. It is expected that inflation will continue to slow... #InflationinUkraine #KakhovkaHPP #nbu #pricesinUkraine #UkraineEconomy
The EBRD will support several sectors of Ukraine’s economy. EBRD president Odile Renaud-Basso said that several memoranda and projects will be signed into effect this week at a conference on Ukraine’s restoration – designed to strengthen energy security and su... #ebrd #InvestmentsinUkraine #KakhovkaHPP #OdileRenaudBasso #UkraineEconomy
