economy

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

Russia plans major military spending increase to $142 billion in 2025

Russia plans to boost military spending to 6.2% of its gross domestic product in 2025, according to Bloomberg, which reviewed the country's draft three-year budget on Sept. 24.

24 September 2024, 11:56 AM

Russia opens its banks in occupied Ukrainian territories, not just in Mariupol

Russia has begun opening branches of its banks in the occupied territories of Ukraine.

16 September 2024, 03:59 PM

IMF forecasts Ukraine’s economy to grow 3% in 2024 with inflation rising to 9%

The Ukrainian economy is expected to grow by 3% in 2024, with inflation accelerating to 9%, according to the IMF's forecast, revised from earlier estimates of 2.5%-3.5% GDP growth and 8% inflation, the NBU reported on Sept. 11.

11 September 2024, 10:55 AM

Rising prices will continue: National Bank of Ukraine lists causes of inflation acceleration

Consumer inflation in Ukraine rose to 5.4% year-over-year in July 2024, up from 4.8% in June.

7 September 2024, 07:26 PM

PrivatBank to dismiss CEO early

The Supervisory Board of PrivatBank has decided to terminate CEO Gerhard Boesch’s contract early, effective Nov. 1, which will be his last working day at the bank.

2 September 2024, 04:00 PM

Ukraine pauses state debt payments to navigate financial challenges

Ukraine's Cabinet of Ministers has decided to temporarily suspend payments on the 2015 external sovereign bonds starting Sept. 1, 2024, as part of a debt restructuring agreement.

28 August 2024, 06:50 PM

Russia experiences highest spike in wage arrears in decade

Overdue wage arrears in Russia rose by more than 30% in July for the first time since January 2013, with the amount of unpaid wages reaching 427.4 million rubles (nearly $4.8 million), The Moscow Times reported on Aug. 21, citing Rosstat data.

22 August 2024, 01:06 PM

Ukraine raises external budget funding request to $35 billion for next year

Ukraine’s Ministry of Finance announced it needs $35 billion in external funding for next year’s budget, up from the $22.7 billion estimated by the IMF’s EFF program, according to Deputy Finance Minister Olha Zykova.

21 August 2024, 12:16 PM

Chinese banks reject yuan associated with Russia as 'dirty' currency

In the first seven months of 2024, trade turnover between China and Russia reached $136.67 billion, marking a 1.6% increase compared to the same period last year, Russian business outlet Kommersant reported on Aug. 7.

7 August 2024, 12:25 PM

U.S. Special Representative Penny Pritzker unveils Ukraine recovery plan

U.S. Special Representative for Ukraine’s Economic Recovery Penny Pritzker outlined a plan with five key conditions for ensuring the success of Ukraine’s recovery, Voice of America reported on Aug. 3.

4 August 2024, 01:09 PM

economy

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