“We’re at yet another turning point,” Ukrainian President Volodymyr Zelensky told global leaders in Davos last week, “which some see as a problem for Europe, but others call a chance. Europe must establish itself as a strong global player, as an indispensable player.” Zelensky is completely right. He is
Over the last week, Ukraine House Davos opened its doors to world leaders and investors for the sixth year in a row during the World Economic Forum in Switzerland. Ukraine House this year was adorned with the slogan “Your Country First, Win With Us.” The message set the tone for
Russia's domestic economic operations have recently suffered due to labor shortages and high interest rates introduced to curb inflation.
The following is the Jan. 21, 2025 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. The World Economic Forum’s annual meeting in Davos, Switzerland is this week, and for the sixth year
Editor’s note: This is issue 10 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from Jan. 13–19, 2025. This newsletter was until recently titled “Ukrainian Economy in Brief." The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial
China has been decreasing coal imports from Russia despite a steady growth in demand, turning instead to Australian and Mongolian supplies, The Moscow Times reported on Jan. 21, citing Chinese customs data.
Editor's note: This article is an on-site version of KI Insights' The Week Ahead newsletter covering events from Jan. 20-Jan. 26. Sign up here to start your week with an agenda of Ukraine-related events, delivered directly to your inbox every Sunday. The global spotlight will be fixed firmly on Washington
The following is the Jan. 15, 2025 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Metinvest, Ukraine's largest steel producer, said on Jan. 14 that it had suspended operations at the Pokrovsk coking
Editor’s note: This is issue 9 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from Jan. 6–12, 2025. This newsletter was until recently titled “Ukrainian Economy in Brief." The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial
The accelerated rate surpassed forecasts made by Ukraine's National Bank in November, which estimated that Ukraine would end 2024 at an annualized 9.7% inflation rate.
"We have a shortage of professionals, and Ukraine is ready to exempt most of them from military service," Chernyshov said.
Editor’s note: This is issue 8 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from Jan. 1–5, 2025. This newsletter was until recently titled “Ukrainian Economy in Brief." The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial
The following is the Jan. 7, 2025 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. It’s hard to fully predict what Ukraine’s economy will look like in 2025. It largely depends
The protest follows a series of demonstrations by Polish farmers against Ukrainian agricultural imports after the EU lifted tariffs on goods from Ukraine in 2022.
Editor’s Note: This is issue 159 of Ukrainian State-Owned Enterprises Weekly, covering events from Dec. 15-22, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Updated IMF Memorandum. On Dec. 20, the International Monetary Fund (IMF) published an updated Memorandum of Economic and Financial Policies
Editor’s note: This is issue 7 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from Dec. 23-Dec. 31, 2024. This newsletter was until recently titled “Ukrainian Economy in Brief." The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial
This comes a month after President Volodymyr Zelensky signed off on a major tax increase bill on Nov. 28 in a bid to plug Ukraine’s budget deficit.
As a direct participant in the process of establishing the new regulatory framework, I wish to initiate a public debate on the biggest challenge facing Ukraine’s financial services market: the lack of consistency in the institutional capacity of financial regulators — an issue made more pressing by ongoing military challenges.
Editor’s note: This is issue 6 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from Dec. 16-Dec. 22, 2024. This newsletter was until recently titled “Ukrainian Economy in Brief." The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial
"(M)embership in BRICS will benefit Thailand by promoting trade, investment, food and energy security," Thai Foreign Ministry Spokesperson Nikondet Phalangkun said on Dec. 26.
Ukraine's National Securities and Stock Market Commission announced on Dec. 23 that it will prohibit the withdrawal of foreign issuer securities, with the ban taking effect on Jan. 1.
The International Monetary Fund’s (IMF) updated projections for Ukraine outline two scenarios regarding Russia’s ongoing war.
The IMF approved the $1.1 billion tranche after completing its sixth review of the Extended Fund Facility (EFF), a plan to provide Ukraine with over $15 billion in budget support over four years.
For Russia's military recruiters, money talks. In July, Russian President Vladimir Putin doubled the federal signing-on bonus for contract soldiers to 400,000 rubles ($3,850) — over five times the country's average monthly wage. Regional governments are expected to top this up further, although the exact amount differs in each
Ukraine is already receiving U.S. funds under the framework of the G7's $50 billion loan covered by profits from frozen Russian assets, Prime Minister Denys Shmyhal said on Dec 20.
“We will not engage in extending the transit of Russian gas. We will not give (Russia) the opportunity to earn additional billions on our blood,” Zelensky said.
Ukraine's economy has adapted itself well to the realities of the full-scale war while Russia's economy faces increasingly unfavorable forecasts, The Economist wrote on Dec. 19.
The following is the Dec. 18, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. The Council of the EU adopted on Dec. 16 its 15th package of sanctions against Russia since the
"The sanctions are having an effect, but they are not of key importance," Russian President Vladimir Putin said when talking about the surging inflation and prices in Russia.
The funding includes a $1 billion grant from the new $20 billion U.S. loan backed by frozen Russian assets. Another $1.05 billion is supported by the U.K. and Japan.
Russian shopping centers have been hit hard by the departure of major foreign companies, rising operational costs, and increased competition from online marketplaces.
Shares of Russian gas giant Gazprom fell to their lowest level since January 2009, The Moscow Times reported on Dec. 17.
Russia’s 10-year war of aggression against Ukraine has caused widespread and long-lasting damage to the country’s economy. 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 February 2022, wreaking havoc on an economy that had just started to recover following the Covid-19 pandemic. The country’s financial sector and economy have proved resilient throughout Russia’s full-scale invasion, bouncing back in 2023, although the economy is still around a third smaller than its pre-war level.
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