Category: 9. Business

In July, Ukraine sold $2.97B worth of products abroad, 9% more than in June. In metallurgy, records were set in the form of 219,000 tons of semi-finished iron products, which is 83% more than in June and is the best indicator since the war began, said Trade Representative of Ukraine Taras… Continue Reading

There were 27,300 purchase agreements for Ukrainian agricultural land in the second quarter of the year, with a total area of ​​60,800 hectares (+6.3% and +3.3%, respectively, compared to the first quarter), according to a KSE study. Experts noted that the main factor behind the second… Continue Reading

Most employers in the main economic sectors do not plan to increase vacancies dramatically and lay off workers. However, some companies are going to adjust their personnel. They plan to fire employees more often than hire them, according to a survey by the NBU. In the service sector, 77% of… Continue Reading

Uzhhorod is currently the leader among Ukrainian cities in housing construction, followed by Ivano-Frankivsk and Lviv. Bucha and Irpin in the Kyiv region round out the top five cities, said the President of the Association of Real Estate Experts, Olena Haydamaha. Kyiv has dropped out of the… Continue Reading

The European Commission has formed a dedicated group of officials to develop a strategy to respond to the consequences of the US presidential election, writes the FT. The EC is preparing for Donald Trump’s possible return to the White House and determining what impact Kamala Harris’… Continue Reading

Shell CEO Wael Savan believes that the energy crisis in Europe is finally over. Savan says that this quarter market prices and volatility are returning to the levels seen before the full-scale Russian invasion of Ukraine in February 2022. Gas, crude oil, and electricity prices have decreased… Continue Reading

US Ambassador to Ukraine Bridget Brink said that USAID purchased 18 autotransformers for the Ukrainian power grid. The US is also supporting Ukraine’s intention to resume the construction of additional nuclear power reactors in the medium term. “The US is supporting us in the completion of… Continue Reading

The international rating agency S&P Global lowered Ukraine’s long-term and short-term credit ratings in foreign currency to the level of selective default – from CC/C to SD/SD – due to the missed Eurobond payment on August 1 amidst Ukraine’s $20B in debt restructuring. The agency’s… Continue Reading

The international rating agency S&P Global Ratings notes high uncertainty regarding the scope, results, and consequences of the Russian war in Ukraine. “If the economy begins to recover, given the damage caused by the war, we do not expect Ukraine’s real GDP to reach pre-war levels until… Continue Reading

According to Forbes, in July Russia sent 426 Shahed drones to Ukraine. During the same period, Ukraine retaliated with more than 520 drone strikes. The publication also suggests that Russia shoots down UAVs less effectively than Ukraine, as Ukrainian strikes have caused significant damage to… Continue Reading