The announcement followed comments earlier in the week from finance ministry official Lev Denisov, who said that the initial 2.3% estimate would be revised upwards due to the "strong growth of the economy" at the beginning of 2024.
Speaking in Washington, IMF Managing Director Kristalina Georgieva said she was "confident" this would be achieved but added that fully addressing the country’s economic problems would require ending Russia's full-scale invasion.
Editor’s Note: This is issue 127 of Ukrainian State-Owned Enterprises Weekly, covering events from April 6-12, 2024. The Kyiv Independent is reposting it with permission. Banks EBRD extends 200-million-euro lending guarantee to Oschadbank. On April 10, the European Bank for Reconstruction and Development (EBRD) extended a 50-million-euro ($53 million)
Editor’s note: This is issue 51 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from April 8- 14, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission.
The International Monetary Fund (IMF) predicts that Ukraine's gross domestic product (GDP) will grow by 3.2% in 2024 and by up to 6.5% in 2025 even as the country continues to grapple with the full-scale invasion.
"We have started preparing a 14th sanctions package, which should be adopted in spring," Commissioner Valdis Dombrovskis said at the "Standing with Ukraine: European Parliament's legacy for the sanctions regime" conference of the Socialists and Democrats parliamentary group in Brussels.
Editor’s note: This is issue 50 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from April 1- 7, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission.
Editor’s Note: This is issue 126 of Ukrainian State-Owned Enterprises Weekly, covering events from March 30 – April 5, 2024. The Kyiv Independent is reposting it with permission. Energy sector Ukrtransgaz starts the season of gas injection into underground storage. On April 2, Ukrtransgaz, a Naftogaz subsidiary, reported the end
Editor’s note: This is issue 49 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from March 25- 31, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission.
Editor’s note: This is issue 48 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from March 18- 24, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission.
Latvian airline Air Baltic plans to resume flights to Kyiv, Lviv, and Odesa as soon as Ukraine's airspace reopens, the airline announced on March 26 after a visit to Kyiv's Boryspil airport.
Editor’s note: This is issue 46 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from March 4- 10, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission.
The following is a chart based off of data originally published in the Kyiv-based Center of Economic Strategy's "Ukraine War Economy Tracker." The Kyiv Independent is republishing it with permission. Ukraine's budget struggles with low amounts of foreign aid in 2024 Ukraine's state budget financing needs compared with foreign budget
More than two years since Ukraine shut down its airports after the start of the full-scale invasion, Kyiv wants to resume air travel, even as Russia continues to launch drones and missiles across the country. Just this week, Ukraine’s infrastructure minister confirmed that the government was in talks with
The parliament's amendments are meant to reinforce "safeguards for EU farmers in case of a surge in Ukrainian products." The changes were backed by 347 members of the parliament (MEP), with 117 voting against it and 99 abstaining.
The survey also found that Ukrainians spend a fraction of what other residents of other countries spend on non-essential expenses.
The assets will be used as a surety for the payment of the reparations, U.K. Foreign Secretary David Cameron said.
The start of Russia’s full-scale invasion of Ukraine was an unlikely place for investment. Russian attacks all over the country were destroying critical infrastructure, factories, and homes. The economy took a major hit, with GDP falling 29% that year. The European Bank for Reconstruction and Development, which has been
Prime Minister Denys Shmyhal pointed out that economically, the ongoing trade disputes and border blockade cost Poland more than Ukraine. Only 5% of Ukrainian agricultural exports are transported by road, with 90% being shipped out via maritime routes, he noted.
Russia’s 10-year aggression against Ukraine has caused widespread and sure to be long-lasting damage to the country’s economy and demographics. Positive growth predictions were squashed following Russia’s annexation of Crimea and invasion of Ukraine’s eastern Donbas region in 2014. Then came Russia’s full-scale invasion in
"In 2023, Ukraine's financial system was stable, and the economy recovered faster than expected. The balanced policy of the Government of Ukraine, together with the consistent support of international partners, played a decisive role in our achievements," Finance Minister Serhii Marchenko said.
Taras Kachka, Ukraine's deputy economy minister who takes part in talks with Poland on the border blockade and trade disputes, said on Feb. 28 that the border's closure was not mentioned during the talks.
Poland leads talks with Ukraine on the temporary closure of their mutual border for trade, Polish Prime Minister Donald Tusk said on Feb. 28, stressing that such a solution would be "painful for both parties," RMF24 reported.
Editor’s note: This is issue 44 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from Feb. 19-25, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. IMF
"I am glad to announce today the launch of our new economic platform, and therefore a new economic policy - the Made in Ukraine policy," President Volodymyr Zelensky said at a forum in Kyiv on Feb. 26.
Ukraine and the International Monetary Fund (IMF) on the third revision of the four-year Extended Fund Facility (EFF), paving the way for the disbursement of $880 million, the IMF announced on Feb. 22.
Editor’s note: This is issue 42 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from Feb. 5-11, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. This is the first time it is appearing
Despite its economy steadily improving from the first months of the full-scale invasion, very little foreign capital is currently trickling down to Ukraine’s private and public sectors. Money from international financial institutions has helped stabilize the economy, bolstering forecasts of 3.2% gross domestic product (GDP) growth this year,
2022 heralded a new era for Russia’s banks. Increasingly isolated from the global economy and laden with heavy Western sanctions, the sector saw profits fall by 90 percent compared to 2021. For Russia’s technocrats, the future seemed dim. Then came 2023. Russia’s Central Bank announced last week
As Russia’s full-scale war approaches the two-year mark, Ukraine is headed for economic turbulence as vital external financial help hangs in the balance. As the Ukrainian government spends all of its revenue on the military, it relies on international aid from its Western partners. The budget deficit is expected
As the Polish trucker blockade of Ukrainian haulers heads toward the one-month mark, the toll on Ukraine’s businesses is adding up. As of Dec. 4, around 2,500 trucks are stuck at the Ukrainian border with Poland waiting to cross because of the protests, which started on Nov. 6
The threat of a demographic crisis has been building in Ukraine for a while but Russia’s full-scale invasion has pushed it to the breaking point. The country had a population of 41 million in 2021, by the government’s reckoning. Now, it hovers around 35 million and experts warn
