Category: 9. Business

The IMF has downgraded Ukraine’s economic growth forecast for 2024 and 2025 due to the consequences from Russian shelling of energy infrastructure. The revised forecast states that Ukraine’s GDP is expected to grow by 2.5-3.5% in 2024. In March, the IMF predicted growth of 3-4%. The… Continue Reading

According to the German Ministry of Economy, since the beginning of the year the government has approved the supply of at least €7.48B in military goods abroad. Weapons account for €5.52B, with €1.96B in other military equipment. The total figure is 30% higher than the value of weapons… Continue Reading

The Deputy Director of MHP, Serhii Dobrohorsky, said that despite the war the company is investing in its development: the holding purchased grain wagons compatible with European track and increased its fleet of agricultural machinery. In 2023, MHP invested more than $250M in its development,… Continue Reading

Agricultural land purchases and sale prices in May increased significantly compared to April and are currently the highest in the history of Ukraine’s land market: the weighted average price per hectare in May was ₴45,000 ($1,114), which is 8.2% higher than in April. It is also 5.6% higher… Continue Reading

In May, IT exports from Ukraine amounted to $560M, which is $15M more than in April 2024. At the same time, in May 2023 this indicator was one of the highest for the entire year, with $590M. In addition, the share of IT services is still the largest indicator among all exported services and… Continue…

  Ukraine Busines Network   The latest Ukraine Business News quarterly event brought together the nation’s largest private energy producer, DTEK, and the state’s electrical distributor, Ukrenergo, for a distressingly candid discussion of the nation’s energy crisis. At the June 21 event… Continue Reading

The President of Ukraine, Volodymyr Zelenskyy, and the Presidents of the European Council, Charles Michel, and the European Commission, Ursula von der Leyen, signed Joint Security Commitments between the EU and Ukraine. The new agreement significantly differs from the bilateral security… Continue Reading

President Volodymyr Zelenskyy said that Ukraine and its allies should, within a few months, develop an action plan based on the results of the Swiss Peace Summit that would force Russia to make peace. The President emphasized that the war should not last for years, and the plan for its… Continue Reading

Many allies in the Alliance are shying away from adopting specific multi-year commitments on aid spending to Ukraine. However, some allies are wary of formalizing the pledge with a specific number and want to promise to continue providing support at the previous level. At the same time, others… Continue Reading

In Ukraine, there is a significant potential for the development of life insurance, which can become a source of long-term funds for the economy, said the deputy head of the NBU, Kateryna Rozhkova. The world’s ratio of life insurance premiums to GDP is 2.7%. For developing countries, this… Continue Reading