Ukraine’s economy is stable, but its development has stalled.

Despite the war, the Ukrainian economy remains relatively stable, but growth has slowed because businesses have stopped investing in new projects, except for a few industries that have seen some benefit from the war. Ukraine’s economy is holding up with significant support from the West, but in the future external financial assistance may become insufficient.

The WP recalls that at the heart of all economic forecasts for 2025 was the expectation that the war would end in the summer. But now “a positive impact on the economy is no longer considered,” although there are still hopes for 2026. Currently, the main focus of both government officials and business leaders is on simply staying afloat. Enterprises have significantly cut costs, and profits are spent only on supporting their businesses, not on their development.

However, there are also successful industries in the Ukrainian economy such as the banking sector, which has proven surprisingly resilient thanks to a number of reforms carried out even before the war These include the renewable energy industry, which is experiencing a real boom caused by the specifics of wartime, such as biofuel production, and the military-industrial complex, which is also expected to show the greatest successes.