Ukraine preparing for Zelensky to visit Saudi Arabia
Delegations from Saudi Arabia and Ukraine met on Feb. 16 to discuss increased economic ties, ahead of a planned visit by President Volodymyr Zelensky.
Ukrainian economy
Ukraine’s inflation set to peak by mid-2025, cool to 8% by year-end, central bank says
Ukraine’s inflation rate is expected to peak at 15% by mid-2025 before dropping to 8.4% by year's end, Ukraine’s Central Bank said on Jan. 31.
Ukraine's OnlyFans content creators declare more than $7 million in income
After the country's tax service sent out requests to Ukrainian citizens who earn money on the platform, 451 people sent in declarations totaling Hr 326.1 million ($7.76 million) for the period of 2020-2022, Ekonomichna Pravda reported on Jan. 22, citing information requested from the country's tax service.
Ukraine to prohibit withdrawal of foreign issuer securities amid efforts to curb bypasses to currency restrictions
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.
Ukraine state-owned enterprises weekly — Issue 158
Editor’s Note: This is issue 158 of Ukrainian State-Owned Enterprises Weekly, covering events from Dec. 9-14, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs The Cabinet of Ministers completes the composition of Ukrenergo’s new supervisory board. On Dec. 10, the Cabinet of Ministers
Over 2 million applications received on first day of new 'eSupport' financial aid program for citizens, Zelensky says
Ukraine’s new eSupport program received over 2.1 million applications on its first day of operation, including nearly half a million for children, President Volodymyr Zelensky announced on Dec. 1.
With few easy options, Ukraine votes to raise taxes on stressed citizens
Ukraine’s parliament voted to approve a tax hike for the first time since the full-scale war broke out, turning to a politically unpopular move as the country continually struggles to find new sources of funding for its growing wartime budget. The bill passed in parliament as part of a
Parliament votes to increase state budget by $12 billion for defense expenditures
Ukraine's parliament, the Verkhovna Rada, voted on Sept. 18 in support of increasing the state budget by Hr 500 billion ($12 billion) to spend on defense and military needs.
Ukrainian parliament ratifies strategic partnership agreement with UK
Ukraine's parliament ratified the agreement on political cooperation, free trade, and strategic partnership between Ukraine and the U.K., the parliament’s press center reported on Aug. 22.
Nearly third of Ukrainian families have enough money only for food, survey shows
Around 32% of Ukrainian families have enough income only to buy food, according to a survey published by the ZN.ua media outlet on July 25.
Ukraine's GDP grew by more than 4% in 6 months
"Due to the high adaptability to difficult conditions and experience in responding to such challenges, the Ukrainian economy continued to grow" in June, said Economy Minister Yulia Svyrydenko.
UK Defense Ministry: Ukraine's economy to grow by 3% in 2024
"Despite attacks by Russia on Ukraine's energy infrastructure, it is likely that Ukraine will see real economic growth of around 3 percent in 2024," the ministry said.
Minister: Ukraine exported agricultural products worth $22 billion in 2023
According to Vysotskyi, 87% of all agricultural products are being exported from Odesa and adjacent ports.
Economy minister cancels conscription exemption for Glovo, Favbet Tech employees
Last month, Ukraine's government decided to exempt from conscription employees at Favbet, Glovo, and the American-owned payment corporation Visa for six months.
25% more passengers traveled by Ukrainian railways this year compared to 2023
More than 8 million passengers traveled on Ukrainian Railways' trains between January and April 2024, indicating a 25% person increase compared to 2023, the company reported on May 2.
Shortage of personnel in Ukrainian labor market increased significantly since last year
Seventy-four percent of surveyed companies in Ukraine are experiencing a personnel shortage, according to a new study published by the European Business Association (EBA) on April 24.
IMF expects Ukrainian economy to grow by 3.2% in 2024, by 6.5% in 2025
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.
Switzerland plans to budget $5.5 billion to help Ukraine's economic recovery
Switzerland plans to allocate 5 billion Swiss francs ($5.5 billion) to support Ukraine's economic development and reconstruction by 2036, the Swiss Federal Council announced on April 10.
As Russia’s war continues, Ukrainian businesses struggle to compensate damages
In its brutal war of conquest in Ukraine, Russia has been destroying everything in its path since its full-scale invasion began on Feb. 24. In addition to the immense human toll Russia’s war has taken on Ukraine, the country’s businesses – from small сozy cafes, cinemas, and supermarkets to
Russia’s war may halve Ukraine's economy, increasing budget deficit by billions
After Ukraine ended 2021 with a historically high gross domestic product (GDP) of $195 billion, top officials issued optimistic forecasts for the coming year. Then the war began, killing all of the country's economic plans. As of late April, the Russian military has destroyed 30% of Ukraine’s infrastructure, causing
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