Foreign citizens have founded 2,652 companies in Ukraine since the outbreak of the full-scale Russian invasion in 2022, the Opendatabot business monitoring service said on May 16. Citizens from some 100 countries have continued to launch new businesses in the country even amid the physical danger and economic downturn caused by Moscow’s war. Businesspeople from … Read more
Ukraine’s economy remains resilient after two years of full-scale Russian invasion. Ukraine is likely to see real economic growth of 3% in 2024. This is reported by the UK Defense Ministry. “Despite attacks by Russia on Ukraine’s energy infrastructure,it is likely that Ukraine will see real economic growth of around 3 percent in 2024,” the … Read more
Ukrainian economic growth this year will slow to 2.9% after 5.3% in 2023, followed by acceleration to 5.9% next year, according to the European Economic Forecast. Spring 2024 report published on the European Commission’s website on Wednesday. “The war will continue to dampen sentiment and hinder productive capacities, including in the energy sector, where early … Read more
The EU Council has finally approved the extension until June 2024 of the tariff-free trade regime for Ukraine for an additional 12 months, mainly concerning agricultural products, reported Ukraine’s First Deputy Prime Minister and Minister of Economy, Yulia Svyrydenko. “This is an extremely important aspect of political support for Ukraine, despite the sensitivity of the … Read more
The European Union has finally approved the Ukraine Plan, necessary for the implementation of the Ukraine Facility program in the amount of EUR 50 billion, Prime Minister of Ukraine Denys Shmyhal reports. “The approval of the Plan allows us to fully launch the Ukraine Facility – our state will receive EUR 1.89 billion in preliminary … Read more
Losses caused by the Polish blockade of the Ukrainian border amounted to $500 million in lost imports and $160 million in exports in its first month, the National Bank of Ukraine said on May 14. Polish farmers and truckers held protests at the border due to fear of uneven competition with their Ukrainian counterparts, first … Read more
Ukrainian enterprises increased the export of scrap metal by 54.9% in January-April of the current year compared to the same period last year, reaching 87,414 tonnes from 56,449 tonnes. According to statistics released by the State Customs Service on Friday, 26,153 tonnes of scrap metal were exported in April, 20,907 tonnes in March, 23,194 tonnes … Read more
Consumer prices growth in Ukraine in April 2024 decreased to 0.2% from 0.5% in March, 0.3% in February, and 0.4% in January, the State Statistics Service reported on Friday. The agency reminded that in April 2023, the price growth was also 0.2%, so the annual inflation by the end of April of this year remained … Read more
EU ambassadors have agreed to use the proceeds from immobilized Russian assets for Ukraine’s reconstruction and military aid, the Belgian EU presidency reported. “The money will serve to support Ukraine’s recovery and military defense in the context of the Russian aggression,” the statement said. President of the European Commission Ursula von der Leyen welcomed the … Read more
Euroclear, the Belgian depository managing most of Russia’s frozen assets in Western countries, will soon decide how to use income from these assets to support Ukraine, according to Euroclear Executive Director Valérie Urbain, as reported by L’Echo on May 7. “Talks with the European Commission about this exceptional ‘windfall contribution’ are in advanced stages,” Urbain … Read more