Ukraine’s real GDP growth in the second quarter of 2023 reached 20-21% compared to the second quarter of 2022, according to the leading researcher of the Institute of Economic Research and Political Consultation (IED), Oleksandra Betlii. “There has been rapid growth so far. But there will be a significant slowdown in the second half of … Read more
The Law on amendments to the Tax Code of Ukraine and certain other laws of Ukraine in connection with the introduction of electronic tracking of the turnover of alcoholic beverages, tobacco products and liquids used in electronic cigarettes (No. 8287) was signed on Monday, July 24, by Ukrainian President Volodymyr Zelenskyy. According to the document, … Read more
In January-June 2023, the Nova Poshta Group of Companies delivered more than 170 million parcels and cargo, which is 9% more than in the same period of pre-war 2021. As the company said in a press service, the increase in volumes is because Nova Poshta continued to invest in the infrastructure development throughout Ukraine, increasing … Read more
The performance of the Ukrainian economy continues to significantly exceed expectations thanks to uninterrupted inflows of international financial assistance and growth may exceed 5% this year, according to the economic forecast of the Investment Capital Ukraine financial group released on July 25. On the demand side, GDP growth is supported by household consumption. A gradual … Read more
The potential non-return of 2.8 million working-age women refugees to Ukraine could severely impact the country’s economy, costing it 10% of pre-war GDP, Bloomberg reported on July 24. Citing Russian economist Alexander Isakov, Bloomberg writes that the worst-case scenario could mean that the Ukrainian economy could lose up to $20 billion in annual output. The … Read more
Inflation in Ukraine has significantly slowed, reaching its lowest rate since the commencement of the full-scale war – standing at 12.8% in June 2023 year-over-year, the Institute for Economic Research said in its latest monthly economic monitoring report. Prices in June remained stable at the level of May, except for the increase in energy prices. … Read more
Ireland’s Ryanair, Europe’s largest low-cost airline, is considering resuming a small number of flights to Ukraine before the end of this year, subject to successful negotiations by Ukraine on the partial opening of airspace, the executive director of the airline, Michael O’Leary, said. “So, there are two plans, one, the war finishes and everything reopens … Read more
Irish Ryanair is planning to connect major airports in Ukraine to almost two dozen European capitals within weeks of the country’s airspace reopening when the war ends, says Michael O’Leary, CEO of the airline. O’Leary stated that two plans are being considered: the end of the war and the opening of the airspace in one … Read more
At the first joint auction for the distribution of the capacity of interstate lines on the Ukraine-Slovakia export route, which starts on July 21, 2023, 200 MW of capacity will be offered with a delivery date of July 23 from 09:00 to 14:00, Ukrenergo reported. “Ukrenergo and the Slovak transmission system operator SEPS have signed … Read more
The Subcommittee on Ukrainian-Chinese Trade and Economic Cooperation discussed in Kyiv on Friday the prospects for bringing new commodity items to the Chinese market by the end of 2023, the press service of the State Service of Ukraine on Food Safety and Consumer Protection reported. “The parties discussed the conditions and necessary steps for mutual … Read more