In the coming years, 50 new shopping and entertainment centers may appear in Kyiv. To the existing shopping centers with 2.5 million square meters, in 2024-2025 developers plan to construct facilities with a total leased area of more than 250,000 square meters, as predicted by the Ukrainian Trade Guild (UTG). Analysts believe that the appearance … Read more
The World Bank has improved its growth estimate for Ukraine’s Gross Domestic Product (GDP) in 2023 to 4.8% from 2% and predicts a slowdown in recovery to 3.2% in 2024, according to a new World Bank Group Flagship report released in Jan. 2024. Ukraine’s economic prospects remain quite uncertain, though after a slowdown in 2024, … Read more
Investment company Dragon Capital has revised its economic growth projection for Ukraine in 2023 to 5.2%, up by 0.7 percentage points, despite external financing risks, the company reported on Dec. 8. The Ukrainian economy’s faster-than-expected recovery is attributed to increased exports through seaports, a stable electricity supply, and better-than-anticipated harvests, according to Dragon Capital’s macroeconomic update. Ukraine exported approximately 4 million tons … Read more
The hryvnia is expected to weaken slightly in 2024, yet the year’s average rate will likely reach 37.3 hryvnias per dollar, compared to 36.5 in 2023, investment company Dragon Capital’s* Chief Economist, Olena Bilan, said at the RAU Summit 2023 in Kyiv on Dec. 5. External support will lead to an increase in the gold and foreign … Read more
Investment company Dragon Capital* has halved its GDP growth forecast for 2024 to 4.0% year-over-year, and expects the hryvnia exchange rate to reach 39 UAH/USD by the end of next year, firm said in an updated forecast economic forecast for Ukraine. “Given the dynamics of events on the front, we revise our key assumption for … Read more
Prime Minister Denys Shmyhal says that about 25% of the harvested grain is enough for Ukraine’s internal needs, and the rest needs to be exported. “Bridges should be built on our western border now, and not walls. This, first of all, concerns Ukrainian agricultural exports. We need wide transit routes for food exports. This is … Read more
The Cabinet of Ministers has improved its forecast for Ukraine’s GDP growth in 2023 to 3.2%, Ukrainian Finance Minister Serhiy Marchenko wrote in an article about the adaptivity of Ukrainian business, which was published online on May 19. Earlier predictions of economic growth were at 1%. The National Bank of Ukraine recently improved its forecast from … Read more
The European Commission has included Ukraine’s economy in its economic forecasts for the first time, according to the European Economic Forecast, Spring 2023, released on May 17. Along with Ukraine, the European Commission has also assessed the economies of Moldova and Bosnia and Herzegovina, which were also granted candidate status for EU membership. According to the EU Commission’s … Read more
The hryvnia forex rate and inflation will improve in Ukraine in 2023, with the economy growing by 3%, analysts from the Dragon Capital investment company said in their updated economy forecast for June. The favorable macroeconomic background and the improvement of the situation on the foreign exchange market create opportunities to return to limited exchange … Read more
The decline in Ukraine’s real GDP slowed to 13.5% in Q1 2023, against 31.4% and 30.6% in Q3 and Q4 2022, respectively, the National Bank of Ukraine (NBU) said in its April 2023 Inflation Report. However, according to the NBU, the economy will start recovering immediately, rising by 15.9% from Q2 2023, because of the low base of comparison … Read more