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Economy
Forbes: Ukraine’s wealthiest 20 lose over $20 billion due to Russia’s full-scale invasion
Russia’s all-out invasion slashed the net worth of Ukraine’s wealthiest, destroying plants and factories and shrinking the country’s economy by a third. Altogether, Ukraine’s 20 richest people are worth $22.5 billion, down by over $20 billion from February 2022, Forbes Ukraine reported on Dec. 27.
Russia’s war slashes Ukrainian exports, forces country to increase imports
Before Russia’s full-scale invasion, Ukraine’s exports were a reason to celebrate. Last year, the country hit a 10-year record with $68 billion in exports. As Russia’s invasion enters its seventh month, no one can predict when Ukraine can expect to post these kinds of results again. According
NBU devalues hryvnia against dollar for first time since invasion, by 25%
The National Bank of Ukraine has devalued the hryvnia against the dollar by 25% on July 21. The new official rate is Hr 36.57 per dollar. The previous rate of Hr 29.25, established in February at the start of the invasion, "no longer corresponds to reality and is
Deputy economy minister: Ukraine's GDP hit $200 billion for first time in 30 years
Ukraine’s gross domestic product was $200 billion in 2021, the highest it's ever been since the country became independent in 1991, Deputy Minister of Economy Denys Kudin said on Jan. 28. The country managed to hit this peak in spite of the setbacks from the Covid-19 pandemic and close
New localization law seeks to revive decayed machine building industry
Ukraine’s public procurement relies heavily on imports: nearly 40% of items bought by the state come from abroad. In the European Union that figure is five times lower, and in the U.S. its nearly nine times less, according to the Center for Market Economy Development. The problem is
Annual inflation reaches 10% in Ukraine for first time in 3 years
Ukrainian consumers felt the impact of high inflation in 2021 as prices on basic goods and utilities kept growing. The annual inflation rate last year grew to 10% for the first time since 2018. The growth of consumer prices also accelerated – from 5% in 2020 to 10% in 2021, according
Timothy Ash: What Kazakhstan's protests mean for the global economy
Editor’s Note: The following are the analytical notes that Timothy Ash, senior strategist at Bluebay Asset Management, distributes to his subscribers. The Kyiv Independent is reposting it with permission. It seems that “order” will be restored in Kazakhstan, but only with the help of Russian/CSTO (Collective Security Treaty
Ukraine’s 2022 state budget: Defense among top priorities but still underfunded
On Dec. 10, President Volodymyr Zelensky signed into law the annual state budget for 2022. A 4% spending increase coupled with a deficit cut necessitated by IMF conditions meant that the government had to find nearly $8 billion of extra revenue, creating several new taxes and hiking up existing ones,
Timothy Ash: Ukraine has much stronger macro, better able to endure Russian aggression
Editor's Note: The following are the analytical notes that Timothy Ash, senior strategist at Bluebay Asset Management, distributes to his subscribers. The Kyiv Independent is reposting it with permission. With lots of focus now on the heightened military threat from Russia, I assume there will be concern about how durable
Editors' Picks
War from above: A day with drone unit defending Ukraine's south
‘I work, then I cry’: Exhausted medics near Bakhmut fight for every life
Ukraine war latest: Japanese PM visits Kyiv; US to speed up Patriot, Abrams delivery
Ukraine war latest: Bakhmut, Avdiivka, Mariinka under heavy fire
Belarus Weekly: European Parliament resolution urges more sanctions against Belarus
Ukrainian State-Owned Enterprises Weekly – Issue 80
