The main trends in the Ukrainian pharmaceutical market from January to June 2024 were sales growth in hryvnia, a workforce shortage, and increased demand in the segment of antipsychotics, antidepressants, and sedatives, as well as the development of private labels by pharmacy chains, said regional director of the pharmaceutical company Acino, Yevhen Zaika. He noted … Read more
Ukraine’s GDP grew by 1.1% (±1%) in June compared to June last year, while for the first half of the year, growth is estimated at 4.1% (±1%) compared to the same period last year, according to the press service of the Ministry of Economy. The main factor slowing economic growth was power outages, the ministry … Read more
Ukrainian metallurgical enterprises in January-June 2024 increased the production of general rolled products, according to operational data, by 32.2% year-over-year, to 3.140 million tonnes from 2.374 million tonnes. According to information from Ukrmetallurgprom association, published on Monday evening, steel production increased by 37% by January-June 2023, to 3.874 million tonnes, and pig iron production increased … Read more
Ukrainian companies are forced to offer higher wages as they are faced with increasing labor shortages, according to a report by the National Bank of Ukraine (NBU) published on July 4. Over 6 million Ukrainians left or were forced out of their home country after the outbreak of Russia’s full-scale war, according to UNHCR. The … Read more
The gambling industry paid UAH 8.4 billion in taxes to the budget in January-June 2024, which is almost three times more than for the same period in 2023, said head of the parliamentary committee on finance, taxation and customs policy, Danylo Hetmantsev. “At the same time, income tax increased 7.3 times compared to the previous … Read more
The European Union has reinstated tariffs on eggs and sugar from Ukraine as of July 2 due to quota exceedance, according to the website of the Directorate-General for Agriculture and Rural Development (DG AGRI). These tariffs will remain in effect until June 5, 2025. The current duty-free trade regulation for Ukraine includes an emergency brake … Read more
Ukraine has entered the World Bank’s list of upper-middle-income countries for the first time in its history, according to the bank’s updated rankings. Ukraine’s upward reclassification resulted from the economic recovery in 2023 (real GDP grew by 5.3%, following a 28.8% decline in 2022) combined with a population decrease of more than 15% after Russia’s … Read more
The Ministry of Economy is forecasting a sharp acceleration in gross domestic product growth starting in 2026, with the 2025-2027 budget declaration, published by MP Yaroslav Zheleznyak, projecting GDP growth of 7.5% for 2026. Such growth rates haven’t been seen in Ukraine since the mid-2000s when Viktor Yushchenko was president. The record for Ukraine is … Read more
The purchase and sale prices of agricultural land in May 2024 significantly increased compared to previous months and are now the highest in the entire history of the land market: the weighted average price per hectare in May was UAH 45,000, which is 8.2% higher than in April 2024 and 5.6% higher than in March … Read more
From January to April 2024, Ukraine imported 133,908 vehicles (new and used), according to Ukravtoprom. The total customs value of the imported vehicles reached nearly $2.1 billion. The largest share of imports belongs to passenger cars, with 118,100 units imported, totaling over $1.5 billion. The second-largest category is trucks, with 15,181 units valued at $460.3 … Read more