
Ukraine heads for first economic decline since 2022 as Russian strikes take their toll
Ukraine’s National Bank said on Oct. 29 that the country’s economy will shrink by 0.4% this year, after revising its previous forecast of 1.8% growth.

Ukraine’s National Bank said on Oct. 29 that the country’s economy will shrink by 0.4% this year, after revising its previous forecast of 1.8% growth.
Despite the air raid alert and announcements of a heightened threat, people remained on the platform, Ukrainian railways added.

Ukraine’s National Bank said on Oct. 29 that the country’s economy will shrink by 0.4% this year, after revising its previous forecast of 1.8% growth.

"Along with their needs and national defense priorities, member states are also encouraged to use the funds from this second call to strengthen cooperation with Ukraine," a European Commission press release reads.

Overnight, Russian forces launched 112 attack drones, 40 of the jet-powered, at Ukraine, according to the Air Force.

"The (lieutenant) general knew for certain that he was attacking not a military target but a monument of Ukrainian culture. Despite this, he gave the combat order to destroy it," the Prosecutor General wrote.

"The (war) must continue so that we are protected from threats," Kremlin spokesperson Dmitry Peskov said.

The Kyiv Independent’s Business Desk covers the biggest news in business, economics, and tech from Ukraine, as well as global developments that shape the economy of the region.
The Kremlin is repackaging these demands as "security guarantees" for itself amid ongoing negotiations to end the war in Ukraine, Zelensky told journalists at a press briefing.