Category: 9. Business

According to Bloomberg, Russia’s overheated economy may begin to cool, based on Russian government statistics. While Russia’s GDP jumped more than 4% year-on-year in the second quarter, growth will slow to half that level for the rest of the year and fall to 0.5%-1.5% next year. Since the… Continue Reading

Finance Minister Serhiy Marchenko has called on Ukraine’s Western allies to accelerate the $50B loan to Ukraine, arguing that delays in arms deliveries have led to a growing budget deficit, forcing Kyiv to find money to pay military salaries. The official said that the slow supply of weapons,… Continue Reading

US Treasury Secretary Janet Yellen stated: “Our direct budget support for Ukraine continues to depend on reforms that will further strengthen the stability of Ukraine’s economy and improve governance. I am pleased with the unprecedented level of transparency and accountability associated… Continue Reading

The Ministry of Finance announced on the London Stock Exchange the specifics for exchanging old bonds for new-issue bonds. Ukraine invites holders of each series of sovereign bonds and existing bonds, totaling more than $20B, that are guaranteed by Ukravtodor to exchange them for new… Continue Reading

As FT writes, Ukrainian authorities are trying to improve the country’s financial condition by implementing several scenarios simultaneously, which can be called a mixture of debt restructuring, privatization, and tax rate increases. In this way, the government seeks to overcome the budget… Continue Reading

The first meeting of the Small and Medium Business (SME) Resilience Alliance was held in Kyiv in June during the URC-2024 conference with the participation of Ukraine, 12 other countries, and 17 development institutions. “Over the next four years, the total assistance for Ukrainian SMEs will… Continue Reading

Ukrainian banks have already approved issuing loans for the installation of solar power systems in households worth ₴1B ($25M), said Minister of Energy Herman Galushchenko. The Ministry emphasized that solar panels with energy storage systems must be installed on all public buildings in the… Continue Reading

Ukraine’s seven-month turnover amounted to $61.7B (+$9B). Imports to Ukraine increased to $39.1B (+$5.9B for July). Exports from Ukraine are up to $22.6B (+$3.1B). The countries with the most imported Ukrainian goods: China – $7.7B, Poland – $4B and Germany – $3.1B. Ukraine exported the… Continue Reading

Business conditions in other regions of Ukraine are assessed by companies as difficult, and only in the Western region do most entrepreneurs consider them satisfactory, according to a survey by the European Business Association. Compared to last year, the situational assessment in Lviv (2.62… Continue Reading

In a message from the Ministry of Defense of Russia, it was noted that units of the Pivnich operational strategic group, together with the FSB, continue to oppose the Ukrainian military in the Sudzha and Korenevsky districts. They also claim that reinforcement units and Russian military… Continue Reading