Category: 9. Business

The rating agency Fitch Ratings, after the completion of Eurobond debt restructuring, raised the long-term issuer default rating (IDR) of Ukraine in local currency to CCC+ from CCC- and confirmed the long-term RDE in foreign currency at the level of RD (Restricted Default). Fitch has also… Continue Reading

Monday, September 9, 2024 Russia is preparing for continued missile and drone attacks on Ukraine’s energyinfrastructure, Prime Minister Denys Shmyhal said. At the same time, Ukraine is preparing for the new heating season: Hundreds of megawatts of generation have already been installed… Continue Reading

According to the September review by the National Bank of Ukraine, the improvement of Ukraine’s energy situation in August contributed to an increase in demand for labor and the number of employees. It is noted that the number of vacancies in August continued to increase against the… Continue Reading

The index of retail well-being is gradually improving, and vacancy in shopping centers is decreasing, but no significant changes in attendance have yet been observed. The situation’s improvement occurs despite an increase in forced downtime in shopping centers due to air raid alarms. In the… Continue Reading

The total profit generated by Ukrainian banks for the first seven months of the year is ₴119.44B, which is 22% more than in the same period last year. Along with earnings, income tax increased by 80% to ₴25.83B. Despite the increased tax, the net profit recorded is 13% more than last year… Continue Reading

The President of Azerbaijan, Ilham Aliyev, expressed confidence in the effectiveness of negotiations with Russia and Ukraine to ensure the continuation of gas supplies through Ukraine to several European countries. The EU and Ukraine have asked Azerbaijan to facilitate discussions with Russia… Continue Reading

As of July, more than 80,000 entrepreneurs worked in Zakarpattia Oblast. During the war, the number of entrepreneurs has increased by more than 6,000, which indicates favorable conditions for economic development. In addition, approximately 400 companies moved to Transcarpathia, and 283… Continue Reading

Several US public organizations have appealed to the State Department to use the remaining $6.2B set aside for aid to Ukraine that is still available within the limits of the president’s authority, but only until the end of the budget year, which expires on September 30. “If the funds are… Continue Reading

The rapid popularity of US presidential candidate Kamala Harris worsened the prospects for a quick agreement on the terms of a $50B loan to Ukraine. As Politico explains, before President Joe Biden dropped out of the race for the White House, the prospect of a Donald Trump presidency prompted… Continue Reading

In July, Ukraine’s GDP growth accelerated to 2.7% after rising 1.6% in June in response to early harvesting. For January-July, growth is estimated at 4% [±1%], which generally corresponds with the forecasted trends, noted the Ministry of Economy. It is reported that in July, the economy was… Continue Reading