Category: 9. Business

The National Review draws attention to another consequence of the Russian war against Ukraine – its control over a portion of Ukrainian natural resources. Considerable mineral resources are concentrated in the regions Russia has already occupied or is trying to capture. The estimated value of… Continue Reading

As of August 1, Ukraine’s international reserves amounted to $37.2B. In July, they decreased by 1.8%, the National Bank reported. Last month, the dynamics of international reserves were determined by: NBU operations on the foreign exchange market. The National Data Bank sold $3.307B and… Continue Reading

The National Bank reported that the ratio of mortgage loans to GDP in Ukraine is 1%, the lowest indicator in Europe. Obstacles to mortgage growth are the uncertain prospects in the real estate market and the high risk in mortgage lending, which are reflected in high rates. However, preferential… Continue Reading

The privatization auction for the Zaporizhzhia Industrial Aluminum Plant on August 6 did not take place because there were no parties interested in participating in it, according to the Prozorro.Sales auction platform. The starting price of the plant was set at ₴151.86M($3.8M). According to… Continue Reading

According to Deputy Minister of Economy Taras Kachka, a certain shift in emphasis occurred even before the war. After the invasion by the Russian Federation, many businesses completely updated their approach due to difficulties with logistics, realizing that added value could earn them more by… Continue Reading

The Cabinet of Ministers amended a resolution, opening the possibility for representative offices of foreign companies and organizations in Ukraine to engage in the construction of large facilities. This concerns the construction of objects with medium (СС2) and significant (СС3) classes of… Continue Reading

In August, S&P downgraded Ukraine’s long-term and short-term foreign currency credit ratings from CC/C to SD/SD, which indicates selective default. The rating will be upgraded after the debt restructuring agreement is completed. According to financial analysts, 20 years ago, in July 2004,… Continue Reading

A dry port in the Vinnytsia region will help connect the central regions of the country with the ports of Odesa and, through the Mostysk container terminal, with EU countries. It will be a railway terminal that will improve the operational transportation and handling of cargo and, at the same… Continue Reading

Ukrenergo notes that a significant electricity deficit is present for most hours of the day, and the import crossing is almost fully loaded with 1650-1700 MW out of the 1700 MW allowed. 80% of this capacity is imported into Ukraine by businesses that use a government decree that prevents… Continue Reading

Thanks to favorable macro-financial trends, the National Bank of Ukraine has reduced the discount rate from 25% to 13% in one year. However, the NBU does not currently see further prerequisites for lowering the discount rate, according to the Inflation Report. The macro forecast’s base… Continue Reading