UkraineGDP

Tuesday, January 24

Fitch Ratings forecasts the growth of Ukraine’s economy in 2023. The American rating agency Fitch forecasts Ukraine’s GDP will grow by 2% in 2023, as the war prevents the return of large numbers of refugees or large-scale investment, and power outages create ...

Wednesday, December 21

Ukraine has managed to reduce its public and private debts. During the third quarter of 2022, Ukraine’s gross external debt decreased by $4.3B to $124.2B. Compared to the beginning of the year, the deficit has fallen by $5.5B. At the same time, according to th...

Friday, December 9

Ukraine needs to triple its GDP per capita. Ukraine must make a triple economic jump from a transitional economy to a developing one. In particular, the challenge is to increase the gross domestic product per capita from a pre-war level of $4,...

Wednesday, November 30

Ukraine’s national debt has increased to UAH 3.77T. The national debt of Ukraine for October 2022 increased by UAH 183.5B and, at the end of the month, amounted to UAH 3.771T, said Danylo Hetmantsev, head of the Verkhovna Rada Committee on Finance. In ...

Thursday, November 24

Ukraine’s GDP will grow by 1% next year. The International Monetary Fund has updated its macro forecast for Ukraine based on the fund’s virtual mission results. “Economic activity is expected to stabilize in 2023, with economic growth ...

Monday, October 10

Ukraine’s GDP fell by 30% over three quarters. According to the results of the nine full months of 2022, the fall in the Ukraine’s GDP is estimated at 30%, according to the Ministry of Economy. However, in September, the decline in GDP is estimate...

Thursday, June 2

Unblocking seaports will allow Ukraine to reduce the decline in the GDP. Ukraine’s GDP will fall by 30% in 2022, but unblocking seaports would reduce the economic downturn to 22-25%, according to Dragon Capital Chief Economist Olena Belan. According to her, “A...

Friday, April 15

Ukraine’s real GDP will shrink by at least a third. However, according to the National Bank of Ukraine, in 2022 the domestic economy will gradually recover. The number of enterprises with ceased operations decreased from 30% in early March to 23% in ea...

Monday, April 4

Ukraine’s GDP decline in the first quarter of 2022 is 16%, and the annual decline may reach 40%. Industries in which remote work is impossible have suffered the most. These are air and sea transportation services, where the business works directly with consumers. Although many companies have sus...

Tuesday, March 22

Ukraine’s economy could shrink by up to 35% in 2022. According to the IMF, Ukraine’s war-ravaged economy could shrink by up to 35% this year if Russia’s invasion becomes a protracted conflict, the International Monetary Fund has warned. In an initial a...

Thursday, January 27

Ukraine reduced the share of its debt in 2021. At the end of December 2021, Ukraine’s public debt amounted to UAH 2.36T ($86.6B), about 45.2% of the country’s projected GDP, reported the Ministry of Finance. The total public and stat...

Tuesday, December 21

Ukraine’s GDP for the third quarter increased by 2.7%. Ukraine’s GDP in the third quarter of 2021 increased by 2.7% compared to the third quarter of 2020. It is noted that compared to the previous quarter, the country’s GDP in the third quarte...

Tuesday, November 16

Ukraine’s real GDP in the third quarter of 2021 grew by 2.4% compared with 5.7 % growth in the third quarter of 2020. The statistic was published by the State Statistics Service on Monday. According to its data, in comparison to the previous quarter (seasonally...

Wednesday, October 13

IMF estimate of Ukraine’s GDP growth in 2021. The IMF has decreased its forecast of Ukraine’s GDP growth in 2021 from 4% to 3.5%, according to the Fund’s World Economic Outlook (WEO) (interfaxukraine). The organization raised its expe...

Monday, October 11

GDP growth in 2021 may reach 4%. This will mean that the Ukrainian economy has bounced back after the economic decline due to the coronavirus crisis said Prime Minister Denis Shmyhal on his Facebook page. Shmyhal said that the optimi...

Thursday, October 7

The World Bank has improved its forecast for Ukraine’s GDP growth over the next two years. The forecast for Ukraine’s gross domestic product growth in 2021 is 3.8%. According to the organization’s forecasts, Ukraine’s GDP will grow by 3.5% in 2022,...

Wednesday, October 6

Another lockdown may lead to a reduction in Ukraine’s GDP. The Governor of the National Bank of Ukraine (NBU), Kyrylo Shevchenko, said that a possible lockdown in Ukraine, depending on the format and severity of quarantine restrictions, may lead to a 0.4%-0.6...

Monday, May 17

Ukraine’s GDP contracted by 2% in Q1 2021, compared to the first quarter of 2020 . By contrast, the economy contracted by 0.8% in the last quarter of 2020. The disappointing first quarter results casts doubt on 2021 growth predictions, which are in the 4-5% range.

Wednesday, April 7

The IMF has raised its Ukraine GDP growth to 4% this year, up from its forecast of 3% made six months ago. World GDP is to increase by 6% this year, “reflecting additional fiscal support in a few large economies and the anticipated vaccine-powered recovery in...

Tuesday, February 9

Ukrgazbank, a state-owned bank, reports that since July it has made $16 million worth of low interest mortgages to 548 people. Ukrgazbank, a state-owned bank, reports that since July it has made $16 million worth of low interest mortgages to 548 people. Half of the mortgages are for under 10%. For dachas, or secondary homes, ...

Despite tight border controls imposed during last spring’s coronavirus lockdown, remittances from Ukrainians working outside the country increased by 2% last year, to $12.1 billion, Despite tight border controls imposed during last spring’s coronavirus lockdown, remittances from Ukrainians working outside the country increased by 2% last year, to $12.1 billion, according to data ...

Worker migration remains strong to Poland, a country that suffered one of the EU’s smallest GDP drops in 2020 — an estimated 2.7%. Worker migration remains strong to Poland, a country that suffered one of the EU’s smallest GDP drops in 2020 — an estimated 2.7%. During 2020, the number of foreigners officially working in Pol...

Ukraine’s economy will rebound sharply to 10% growth yoy in the second quarter of 2021, breaking five successive quarters of decline Ukraine’s economy will rebound sharply to 10% growth yoy in the second quarter of 2021, breaking five successive quarters of decline, according to a Reuters poll of 12 Ukrainian analysts. The median f...

Ukraine aims to vaccinate against Covid-19 the most vulnerable half of its population over the next year, Ukraine aims to vaccinate against Covid-19 the most vulnerable half of its population over the next year, President Zelenskiy told a forum in Kyiv yesterday, “Ukraine 30. Coronavirus: Challenges and R...

The European Investment Bank is loaning €50 million to Ukraine to help pay for vaccines, refrigeration equipment and logistics The European Investment Bank is loaning €50 million to Ukraine to help pay for vaccines, refrigeration equipment and logistics, Ihor Ivaschenko, Deputy Health Minister, told reporters at the forum. Ze...

People who are vaccinated or who have recovered from Covid will be exempt from quarantine restrictions, People who are vaccinated or who have recovered from Covid will be exempt from quarantine restrictions, Zelenskiy said, without elaborating. “Lack of faith in vaccination, refusal to vaccinate by a si...

China-Europe freight trains were up 66% yoy in January, to 1,165 China-Europe freight trains were up 66% yoy in January, to 1,165, reported China State Railway Corporation. The number of containers grew 75%, to 109,000 for the month. At this pace, one 94-container ...

A second private company has won permission to run freight trains on the tracks of Ukrzaliznytsia, the state railroad A second private company has won permission to run freight trains on the tracks of Ukrzaliznytsia, the state railroad. Promvagontrans LLC was won permission to run freight trains on four routes in cen...

Riding the e-commerce boom, Nova Poshta has launched a €14 million sorting center in Kyiv Riding the e-commerce boom, Nova Poshta has launched a €14 million sorting center in Kyiv that can sort up to 50,000 packages an hour. Captured in a video, the sorting center is a maze of belts, chute...

Postal operators – Nova Poshta, Ukrposhta and Meest Express – account for almost half of the 364,000 square meters of warehouse and logistics space to be commissioned this year Postal operators – Nova Poshta, Ukrposhta and Meest Express – account for almost half of the 364,000 square meters of warehouse and logistics space to be commissioned this year, according to a study b...

With the warehouse market tightening, Dragon Capital Group sold Omega-2, a 32,731 square meter logistics complex in Brovary’s industrial zone With the warehouse market tightening, Dragon Capital Group sold Omega-2, a 32,731 square meter logistics complex in Brovary’s industrial zone, facing the city’s bypass road. “This is our first closing...

Dragon plans to return this year to its pre-pandemic levels of investment Dragon plans to return this year to its pre-pandemic levels of investment, Dragon Capital CEO, said last week at the Global Outlook meeting hosted by the European Business Association. “In the first h...

Public works construction pulled the sector ahead last year for an overall increase of 4%, to $7.1 billion Public works construction pulled the sector ahead last year for an overall increase of 4%, to $7.1 billion, the State Statistics Service reports. Road construction was up 142% in nominal terms, making...

Starting March 1, the State Mortgage Institution will start to offer home mortgages at 7% Starting March 1, the State Mortgage Institution will start to offer home mortgages at 7%, Prime Minister Shmyhal announced last week. For reference, Ukraine’s prime rate has been 6% since June 2020....