economy

Ukrainians fear rising prices more than territorial occupation, survey finds

Ukrainians view inflation and potential economic crises as the country's biggest challenges over the next 12 months, according to a survey by Rating, a Ukrainian polling firm.

6 February 2025, 08:25 PM

Brussels aims ‘bazooka’ at Silicon Valley as Trump’s tariff war looms – FT

The European Union is preparing to retaliate against Silicon Valley if U.S. President Donald Trump imposes tariffs on the bloc’s imports, marking the first use of Brussels’ so-called “bazooka” mechanism and potentially pulling the services sector into a trade war, Financial Times reported on Feb. 5, citing sources familiar with the matter.

5 February 2025, 02:36 PM

Zelenskyy: $35 billion flight triggered economic collapse

Ukrainians took $35 billion abroad in the first year of the full-scale invasion, which led to the collapse of the economy, President Volodymyr Zelenskyy said in an interview with an English broadcaster and journalist Piers Morgan on Feb. 4.

5 February 2025, 11:54 AM

Putin frets over war-hit economy, hints at declaring ‘goals achieved’

Russian dictator Vladimir Putin has acknowledged the pressure the war in Ukraine places on Russia’s economy. The strain has sparked discussions about the need for a ceasefire through negotiations, five anonymous sources told Reuters.

23 January 2025, 04:02 PM

Habeck warns: ‘Don’t trade one energy leash for another’ as he compares US reliance to Russia

Europe must unite in response to the energy and climate policies of Donald Trump’s new administration, German Vice Chancellor and Economy Minister Robert Habeck said on Jan. 21 at an energy summit in Berlin, according to Bloomberg.

21 January 2025, 06:16 PM

Russia moves to seize Ukrainian business, alleging ‘anti-Russian campaign’

Russia’s Prosecutor General’s Office has filed a lawsuit seeking to confiscate and transfer to state ownership the assets of Ukrainian alcohol producer Bayadera Group located in Russia, The Moscow Times reports, citing Kommersant.

20 January 2025, 12:31 PM

World Bank cuts Ukraine’s 2025 GDP forecast to 2% as war rages on

The World Bank has downgraded its 2025 GDP growth forecast for Ukraine to 2% from 6.5% in its June report but raised the 2026 forecast to 7% from 5.1%, according to its Global Economic Prospects report published on Jan. 17, 2025.

17 January 2025, 01:47 PM

Halushchenko admits to corruption cases in energy sector, calls them isolated incidents

Ukraine’s Energy Minister Herman Halushchenko confirmed the existence of corruption cases in the energy sector but emphasized that these are “individual cases.”

16 January 2025, 02:09 PM

Putin’s clock ticks down: Russia’s wartime economy teeters like a house of cards

Russian dictator Vladimir Putin is trying to persuade Ukraine’s allies that time favors him and his demands, but Russia’s economy increasingly resembles a house of cards, Financial Times reported Jan. 10.

13 January 2025, 09:51 AM

Ukraine's December budget expenditures hit record $17 billion

Ukraine's state budget expenditures reached a record high of 704.7 billion hryvnias ($16.7 billion) in December 2024, which marks a major increase compared to previous months and the same period last year, the Ministry of Finance reported on Jan. 6.

6 January 2025, 03:50 PM

Ukraine's GDP grows by 4% in 2024, boosted by local manufacturing and investment

Ukraine's GDP grew by 4% in 2024, with significant contributions from domestic manufacturing and investment, according to First Vice Prime Minister and Minister of Economy Yulia Svyrydenko in a column for news agency Interfax-Ukraine on Dec. 26.

26 December 2024, 05:40 PM

Ukraine gets $1 billion from Japan and UK to support economic development

The State Budget received a $1 billion tranche under the Second Growth Foundations Development Policy Loan (DPL) program, according to the Ministry of Finance on Dec. 24.

24 December 2024, 07:48 PM

Ukraine's central bank projects key policy rate to range between 11% and 14% by end of 2025

The National Bank of Ukraine (NBU) has projected that the key policy rate could range between 11% and 14% by the end of 2025, depending on inflationary pressures and economic uncertainties, the regulator’s press release dated Dec. 23 reads.

23 December 2024, 08:34 PM

After grain and cement, Poles rally against another Ukrainian product

The Polish Association of Poultry Producers has called for reducing import quotas on Ukrainian chicken from 137,000 tons to 90,000 tons after June 2025, Pulz Biznesu reported on Dec. 23, citing Dariusz Gościński, president of the National Poultry Council of Poland.

23 December 2024, 12:28 PM

IMF: War with Russia could last until mid-2026

The International Monetary Fund (IMF) updated its baseline scenario, predicting the war initiated by Russia against Ukraine will end by late 2025, with a negative scenario extending to mid-2026. The forecast was published as part of the sixth review under the IMF's Extended Fund Facility.

22 December 2024, 02:47 PM

Russian trucking firms brace for survival amid industry-wide losses

The majority of Russian trucking companies are closing out 2024 with financial losses, with nearly 30% at risk of bankruptcy in the coming year, the Moscow Times wrote, citing Izvestia, on Dec. 10.

10 December 2024, 02:39 PM

Foreign banks increase profits in Russia by 30% in 9 months – KSE Institute

Foreign banks remaining in Russia earned 210.9 billion rubles ($2.34 billion) in net profit in the first nine months of 2024, a 30% increase compared to the same period in 2023, according to a study by the KSE Institute.

10 December 2024, 01:16 PM

Wave of bankruptcies will not revitalize Russia’s economy, expert says

The coming wave of corporate bankruptcies will not have a rejuvenating effect on Russia’s private sector, Russian economist Igor Lipsitz said in an interview with NV on Nov. 28.

29 November 2024, 09:09 PM

Zelenskyy's ten-point war to peace Resilience Plan

President Volodymyr Zelenskyy presented a ten-point Resilience Plan to the Ukrainian Parliament on Nov. 19, while rebutting rumors that his administration is planning to hold elections in 2025.

19 November 2024, 01:43 PM

Foreign investors halve Ukraine's domestic bond portfolio, citizens and businesses increase holdings

The portfolio of Ukraine's domestic government bonds (OVDP) held by non-residents has decreased by nearly half since the beginning of the year, the Ministry of Finance reported on Nov. 14.

15 November 2024, 02:07 PM

economy

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