Russia bombs Odesa’s port—US and EU firms expand offices anyway
Dollar salaries, defiance, and Danish lighting standards — five foreign firms showed me how business survives in Ukraine’s “Wild South.”
Browsing Tag
Ukrainian economy
102 posts
Business mood lifts as $17.8B in aid props up Ukraine’s economy
Ukrainian businesses are less pessimistic about prospects, while the economy survives increasingly on foreign aid.
From $600 to $1,000: Ukraine pitches a market with growing buying power
Government forecasts salaries will almost double current levels, targeting international investor confidence.
EU’s return to quotas on Ukraine food exports undermine path to single market, Ukrainian agriculture minister says
Vitalii Koval urged EU partners to finalize a long-term trade framework by July.
EBRD expects 5% GDP growth in Ukraine in 2026 if ceasefire is reached
Ukraine’s GDP is now expected to grow by 3.3% in 2025, according to the latest Regional Economic Prospects…
Trump ends Ukraine’s steel import tariff exemption two months early
The US President reinstates 25% tariff on Ukrainian steel imports starting March, ending Biden's exemption meant to support the war-affected economy.
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.
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."