Preliminary estimates suggest that Ukraine’s gross domestic product (GDP) increased by 6.5% in the first quarter of 2024 compared to the first quarter of 2023, Ukraine’s State Statistics Service reported on June 25. Russia’s invasion caused a major hit to Ukraine’s economy, which suffered a whopping 29.1% fall in GDP in 2022. The economy stabilized … Read more
The EU Council has decided to extend temporary protection until March 4, 2026, for over 4 million Ukrainians fleeing Russia’s aggressive war, according to the Council’s website. In early June, the European Commission recommended the EU Council extend the temporary protection status for Ukrainians in the EU by another year due to ongoing security threats … Read more
The hryvnia to the dollar exchange rate at the end of this year is expected to be about UAH 42/$1, this updated consensus forecast of seven investment companies and analytical centers was published by the Center for Economic Strategy (CES), recalling that six months ago the forecast was UAH 40.5/$1. It is indicated that the … Read more
Demand for housing is growing moderately mainly due to the secondary market, while investment demand and interest in new buildings remains low, according to the Financial Stability Report for June 2024 prepared by the National Bank of Ukraine (NBU). According to the document presented on Wednesday, in the first quarter of 2024, notaries signed third … Read more
Direct losses of the Ukrainian agricultural sector in two years since the beginning of Russia’s large-scale invasion reached more than $10 billion, so it is necessary to accelerate the pace of its restoration to ensure domestic and global food security, Acting Minister of Agrarian Policy and Food of Ukraine Taras Vysotsky said at the Forum … Read more
Ukraine’s consultations with Eurobond holders on restructuring will soon take place outside the Steering Committee of the Ad Hoc Bondholder Committee, representing around 20% of the outstanding amount of Ukraine’s eurobonds, the Ministry of Finance reported on Monday. “During the upcoming weeks the Government of Ukraine will hold consultations with bondholders outside of the Steering … Read more
Ukraine and the ad hoc creditors committee, representing around 20% of the outstanding amount of Ukraine’s eurobonds, held negotiations and exchanged proposals for eurobonds restructuring from June 3 to June 14, but were unable to reach an agreement, including due to the unacceptability of the terms proposed by commercial creditors for the IMF and the … Read more
Ukraine has enough port capacity to cover all export needs: Odesa ports account for 87% of agricultural products sent to other countries. Suspilne reports that Taras Vysotskyi, Ukraine’s acting Minister of Agrarian Policy and Food, said this the day before during the Black Sea Security Forum. As the acting minister noted, 75% of agricultural exports … Read more
Russia must end its illegal aggressive war and pay for the damages it has inflicted on Ukraine, which, according to the World Bank, amounts to over $486 billion, as stated in the communiqué from the G7 countries following their summit in Italy. The leaders also stressed that Russian sovereign assets in their jurisdictions would remain … Read more
Group of Seven (G7) leaders on June 13 publicly confirmed an agreement on a plan to provide Ukraine with a $50 billion loan by the end of the year. The loan should be repaid using interest from some $300 billion in frozen Russian assets. “We have reached a political agreement to provide additional financial support … Read more