Reuters: Ukrainian businesses expand westward in Central Europe
Ukrainian entrepreneurs establish successful businesses in Poland and neighboring countries, shifting focus from refugee to local customer base.
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Ukrainian economy
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Ukraine receives $ 1.1 billion tranche from IMF under extended fund facility
The financial aid was delivered under an extended financing mechanism, supporting critical budget expenditures while requiring continued reforms amid the ongoing Russo-Ukrainian war.
Biden administration proposes canceling $4.65 billion of Ukraine’s economic aid loan
It seeks congressional approval to forgive $4.65 billion of Ukraine’s economic aid debt, with minimal opposition expected.
Reuters: Ukrainian corn seed exports to EU surge amid wartime trade shifts
Ukraine’s corn seed exports to the EU rose to $121 million in 2023, up from $22 million in 2021, though European farmers fear increased competition.
Ukraine auctions iconic hotel in Kyiv’s center, other Soviet-times state properties to raise more money for army
The government sold the hotel "Ukraine" for $61 million. Other yet bigger auctions are scheduled as part of "Big Privatization"
Ukrainian government approves 2025 state budget draft
The total revenues will increase to $48 billion and total expenses will slightly increase to $87 billion. Defense budget will be $54 billion.
Ukraine’s exports surge 17.5% year-on-year in August 2024
Ukraine's exports reached $3.2 billion in August, reflecting the successful unblocking of ports and gradual economic recovery.
West can “easily” afford Ukraine aid to avoid much greater future costs, economist says
Western nations have the economic strength to support Ukraine against Russia's aggression, while inadequate aid risks higher future costs and global instability, argues Swedish economist Lars Calmfors.
Ukraine receives $3.9 billion grant from the US for budget support
Ukraine received a $3.9 billion non-repayable grant from the US through the World Bank, targeting salary support and social aid, as part of a larger $7.8 billion direct aid package for 2024.
The way forward for Ukraine’s economy
As Ukraine fights for survival, its economic choices today will shape its post-war future. Rejecting neoliberalism, experts argue, is key to avoiding a dangerous "re-oligarchization" of the country.
UK intel: Ukraine’s economy remains resilient two years into Russian invasion
Ukraine's economy remains resilient after two years of Russia's invasion, with around 3% growth projected for 2024, as per UK intelligence.
Ukraine to present 15 startups at investment summit in the US
From revolutionizing livestock management with real-time health monitoring to transforming the art world with blockchain-based digital asset monetization, these startups are at the forefront of cutting-edge technology, reshaping industries from agriculture to digital media.
74% of Ukrainian employers experience a workforce shortage
The problems in Ukrainian labor market were exacerbated by migration and mobilization.
Ukraine launches “Made in Ukraine” economic platform to bolster business-government dialogue
President Zelenskyy highlighted the importance of domestically produced goods, services, and exports to provide Ukraine with "all the necessary resources for its victory."
Entrepreneurs gain direct line to Zelenskyy through Economic Council
After the arrest of businessman Ihor Mazepa spurred outrage among Ukraine's business elite, President Volodymyr Zelenskyy revealed plans Friday for an All-Ukrainian Economic Platform to facilitate improved dialogue with the private sector.
Ukraine’s government will cut payments to internally displaced people from war zones
Ukraine counts 4.9 people who relocated within the country due to the war. 2.5 million receive social assistance, but this year, the total spending will be reduced by 30%.
FT: EBRD shareholders back €4 bn capital increase for Ukraine
EBRD shareholders approve €4 billion capital increase enabling bank to double annual lending to Ukraine to €3 billion, supporting critical infrastructure and exports during war.
IMF chief urges US and EU to seal deals that would unlock aid for Ukraine
IMF chief Kristalina Georgieva cautions that failure by the US and EU to swiftly deliver on tens of billions in pledged Ukraine aid could undermine the country's fragile economic progress.
Internal refugees boost three Ukrainian regions’ economy in 2022 amid nationwide decline
As Russia's invasion caused a widespread decline in Ukraine's economy, three regions stood out with unexpected economic growth, primarily credited to the accommodation of internal refugees, a report shows.
Russia plans 68% increase in 2024 military spending, surpassing Ukraine’s defense budget 2.5 times
Ukraine will also increase military spending by 17% in 2024, allocating almost all available money for defense.