The growth of Ukraine’s GDP in 2024 will slow to approximately 4% from almost 6% in 2023, with an increase in inflation to 8% from 5.1% last year. At the end of the year, the exchange rate will be ₴39 for $1. The founder of the Dragon Capital investment company, Tomas Fiala, announced the forecast … Read more
The Cabinet of Ministers of Ukraine appealed to the National Bank of Ukraine (NBU) with a request to allow the sale of currency to large Ukrainian companies and holdings and its further transfer for settlements on eurobonds and with Western creditors. The corresponding applications for individual permits for cross-border transfers of currency values are formalized … Read more
In January 2024, Ukraine exported the most goods to Poland ($334M), despite Polish farmers blocking the border. According to customs data, January’s top three export partners also included Spain ($322M) and China ($305M). In total, Ukraine exported goods worth $3.4B in January. The main items of export are food products ($2.2B), metal products ($362M), and … Read more
The defense sector in Ukraine tripled over the past year, and in 2024 the industry is expected to swell six times, Deputy Minister for Strategic Industries Hanna Hvozdiar said at the Global Outlook: A Winning Vision conference organized by the European Business Association (EBA) on Wednesday. “The enemy, of course, surpasses us in numbers and … Read more
Czech farmers will join a large-scale protest next week against EU agricultural policies that allow cheap product imports from Ukraine, the Czech news outlet iRozhas reported Feb. 13. Farmers across Europe have been protesting what they say is increased competition from abroad, particularly Ukraine, as well as EU policies targeting climate change. Polish farmers plan … Read more
Shopping and entertainment complexes of the developer and management company Arricano Real Estate Plc in Kyiv reached zero vacancy at the end of 2023, in regional shopping centers the figure was less than 1%, the company’s press service reported. According to its data, last year the company signed more than 60 lease agreements for 7,000 … Read more
The leading financial exchange company Nasdaq announced a memorandum of understanding (MOU) with Ukraine on Feb. 12, establishing plans for Nasdaq to provide assistance to Ukraine’s economy and capital markets. The U.S. Agency for International Development (USAID) facilitated the agreement. “This new partnership between Nasdaq and the government of Ukraine demonstrates that Ukraine is open … Read more
Hungarian banking group OTP Bank, which was once added to Kyiv’s international sponsors of war list, expressed interest in buying Ukraine’s state-owned Sense Bank, Ukrainska Pravda media outlet reported on Feb. 12, citing unnamed sources familiar with acquisition talks. The report comes several weeks after Ukraine’s Deputy Finance Minister Yurii Drahanchuk said that foreign investors … Read more
Nova Poshta, part of the Nova group of companies, delivered 30% more parcels in 2023 than a year earlier – 412 million, the company’s press service reported. At the same time, last year the company doubled the volume of delivery of international parcel, to 10.2 million. According to the report, the number of orders from … Read more
According to the results of 2023, the Lemtrans company reduced the volume of transportation of various goods by 9.6% compared to 2022 – to 17 million tons. The main part of transported goods is coal. It accounted for about 79% of the transportation volume (13.5 million tons). If the volume of coal transportation did not … Read more