Category: 9. Business
-
Ukrainians have bought the equivalent of 33% of Ukraine’s international aid for their savings.
The purchase of foreign currency by the Ukrainian population has increased by 250% compared to the previous year. In the last 12 months, the population bought foreign currency worth $10.6B, including $8.2B since the beginning of 2024. This is 33% of the volume of… Continue Reading
-
Ukraine is strengthening its trade and economic cooperation with Portugal and involving participation in reconstruction projects.
Bilateral trade between Ukraine and Portugal increased by $29.2M (+15.1%) for eight months of 2024 compared to last year. Positive dynamics have been observed since 2023, when turnover reached $293.7M (+49.4% over 2022). At the same time, the export of Ukrainian goods to… Continue Reading
-
October shelling of port infrastructure has caused tens of millions in damages, but Ukrine’s ports have still exceeded last year’s cargo transshipment figure by 29%.
As a result of Russian shelling in October, Ukraine’s port infrastructure sustained $30-40M in damages, Deputy Minister of Agrarian Policy Taras Vysotskyi said. As well, the agricultural sector’s losses since the beginning of the war are estimated at $82B, with the… Continue Reading
-
Rheinmetall gives updates on the construction of several arms factories in Ukraine.
The Rheinmetall defense concern’s first plant is already operating in Ukraine, and the second is close behind it. The company plans to build several more enterprises, Rheinmetall director Armin Papperger said. “We have many good plans. The first factory is already… Continue Reading
-
Ukraine’s potato production decreases, forcing record-breaking prices.
In 2024, Ukraine’s potato production declined by 18%, which amounts to four million tons less, Deputy Minister of Agricultural Policy Taras Vysotskyi said. This became one of the factors in the increase in the price of potatoes. However, there is no reason for potatoes… Continue Reading
-
Ukrainian dollar bonds are rising in price; funds believe that Trump’s victory will contribute to a faster end to Russia’s war in Ukraine.
Ukrainian bonds are reported to have risen almost 6% in October, becoming one of the best performing assets on the market, with their value approaching $.50-1. Warrants linked to Ukraine’s economic performance are trading above $.70-1, hitting their highest level since… Continue Reading
-
At least seven countries have serious doubts about inviting Ukraine to NATO.
In addition to the fact that Germany and the US have reservations about extending an invitation to Ukraine, Belgium, Slovenia, and Spain are hiding behind these two countries, reluctant to respond to President Zelenskyy’s requests. Many NATO countries support… Continue Reading
-
Austin justifies the restrictions on long-range strikes using Western weapons and believes Ukraine can win even without them.
US Defense Secretary Lloyd Austin defended the US’ restrictions placed on Ukraine’s use of long-range missiles and insisted that the war-torn nation “absolutely” can defeat Russia even without this capability. He added that Russia has already moved the planes it… Continue Reading
-
The IMF encourages Ukraine to make profound tax changes but not to raise rates.
IMF experts unveiled their proposals for reducing Ukraine’s national debt as part of their recommendations. The IMF’s Deputy Director of the Fiscal Affairs department, Era Dabla-Norris, noted that their recommendations include a two-fold increase in efforts to… Continue Reading
-
Since the beginning of the year, Ukrainians have increased hryvnia deposits by more than ₴54B.
As of October 1, the total amount held in individual deposits (including individual entrepreneurs) in Ukrainian banks amounted to ₴1.3257T. Over the month, it increased by ₴24.7B ($625M), according to the Individual Deposit Guarantee Fund. Since the beginning of the… Continue Reading