economy

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

Ukrainian Eurobonds surge in price amid hopes for ceasefire

Ukrainian dollar-denominated bonds rose by 12% over the past month, driven by expectations that the re-election of Donald Trump could lead to a ceasefire and improve Ukraine’s ability to repay its debt to creditors.

14 November 2024, 12:50 PM

Russia partially halts operations at three oil refineries

Russia has partially halted operations at three oil refineries due to difficulties in completing planned maintenance in October, Ukraine's Foreign Intelligence Service reported on Facebook on Nov. 7.

7 November 2024, 03:20 PM

Zelenskyy urges businesses to help shape Ukraine's economic plan

Businesses have been invited to participate in the development of an internal plan to strengthen Ukraine's economy, led by Economy Minister Yulia Svyrydenko, the Interfax-Ukraine news agency reported on Nov. 7, citing Ukrainian President Volodymyr Zelenskyy.

7 November 2024, 01:41 PM

Economic growth and carbon reduction can go hand in hand: study

An international team from the Potsdam Institute for Climate Impact Research and Potsdam University found that many regions globally are successfully combining economic growth with carbon reduction, according to a study published on Oct. 28.

7 November 2024, 01:28 PM

Zelenskyy orders universal $24 grants to boost consumption

The Cabinet will soon enable each Ukrainian citizen to claim a UAH 1,000 ($24) grant to spend on services and domestically produced goods, President Volodymyr Zelenskyy announced on Oct. 25.

26 October 2024, 12:29 AM

Ukrainian M&A market stays resilient for second consecutive year — opinion

In the face of ongoing challenges related to Russia’s full-scale invasion, Ukraine’s M&A market continues to demonstrate resilience and serve as a bellwether for cautious investor confidence.

23 October 2024, 12:55 AM

IMF approves new tranche of $1.1 billion for Ukraine

The International Monetary Fund (IMF) approved the fifth review of its four-year Extended Fund Facility (EFF) program for Ukraine on Oct.18, allowing the country to receive a new tranche of $1.1 billion, Deutsche Welle reported.

19 October 2024, 04:55 PM

Ukraine returns to list of economically unfree countries: Fraser Institute report

Ukraine has returned to the group of the world's most economically unfree countries based on data from 2022, according to the updated "Economic Freedom of the World" annual report by the Fraser Institute released on Oct. 16.

16 October 2024, 04:55 PM

Partner project

Ukraine needs 5-10 million new workers by 2030, says USAID deputy director

Ukraine will face a shortage of 5 to 10 million workers by 2030, according to Theodora Dell, the USAID Ukraine Deputy Mission Director, who spoke at the IX "Conductors of Change" forum on Sept. 25 organized by Deloitte Ukraine in Kyiv.

11 October 2024, 12:44 PM

Ukraine dissolves State Reserve and forms new reserve management agency

The Ukrainian government dissolved the State Reserve, forming a new agency to manage state reserves on Sept. 26.

1 October 2024, 04:50 PM

economy

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