Category: 9. Business

On June 25, 2024, the European Union officially started negotiations with Ukraine and Moldova to join the EU, European Commission President Ursula von der Leyen said, adding: “The road ahead will be difficult, but full of opportunities.” According to her, accession negotiations are… Continue Reading

The Minister of Foreign Affairs of Hungary, Péter Szijjártó, said “the EU crossed a red line” by using €1.4B in Russian asset revenue to finance the supply of weapons to Ukraine, while “in reality, Hungary did not want this, and a unanimous decision would be required.” In addition,… Continue Reading

Ukraine and the European Commission have signed a credit agreement within the Ukraine Facility program, which will provide €27B in loans from 2024-2027 to finance the state budget deficit. The National Bank clarified that immediately after this agreement is finalized Ukraine will receive… Continue Reading

The new package from the US will include anti-tank weapons, grenades, and critically needed 155-mm and 105-mm artillery shells; it is also expected to contain ammunition for HIMARS artillery rocket systems. However, it is not yet known if it will include ATACMS munitions. The package will be… Continue Reading

On June 25, soldiers from Ukrainian intelligence attacked a Russian field ammunition warehouse in the Voronezh region. A fire broke out following an explosion at the 3,500 square meter facility. In addition, on Sunday the Ukrainian military most likely struck a satellite communication center in… Continue Reading

According to the results from the first quarter of 2024, Ukraine’s real GDP increased by 6.5% compared to the same period last year, according to the State Statistical Service. A year earlier, according to the results from the first quarter of 2023, a decrease of 10.3% in annual terms was… Continue Reading

The cumulative financial result of Ukrainian enterprises for 2023 amounted to more than ₴863.8B (about $19.8B). This is the best indicator in the last 10 years, said Danylo Hetmantsev, Head of the parliament’s Finance Committee. As he clarified, 71% of economic entities, which earned a… Continue Reading

The state enterprise Guaranteed Buyer is ₴28.9B ($711.19M) in arrears to renewable energy investors under its green tariff obligations. As reported by the state-owned enterprise, the debt is a consequence of Ukrenergo’s non-compliance with the terms for fulfilling its financial obligations,… Continue Reading

Since the beginning of 2024, the increase in consumer deposits amounts to ₴31.3B, the Deposit Guarantee Fund reported. In particular, it is clarified that as of June 1 the total amount of deposits belonging to individuals (including individual entrepreneurs) in Ukrainian banks amounted to… Continue Reading

The Ukrainian economy will grow by 3-4% by the end of 2024, which is less than 2023, according to the macro forecast from the Center for Economic Strategy (CES). As experts explain, the pessimism regarding GDP growth forecasts is primarily caused by the losses suffered by the Ukrainian energy… Continue Reading