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EBRD: Ukraine’s economy to shrink by a fifth this year.

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According to the European Bank for Reconstruction and Development, the economy may bounce back in 2023, growing 23%, under a scenario where a ceasefire is brokered within several months. “Currently, the war is happening on territories that produce 60% of Ukrainian GDP,” the EBRD said in the report.

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We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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In this interview, the Kyiv Independent’s Jimmy Rushton speaks with Sven Kruk, a former German army officer and the CEO of European drone manufacturer Quantum Systems, about Ukraine’s changing air defense needs and what Europe is learning from the battlefield.

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