The National Bank expects the economy to grow by 0.3% this year, by 4.1% in 2024 and by 6.4% in 2025. That’s according to NBU Governor Andriy Pishnyi. “The National Bank expects a slight increase in real GDP in 2023 by 0.3%,” Pyshnyi said. He explained that the worsening of the outlook, compared to the…
Poland’s foreign direct investments (FDI) in Ukraine are expected to increase to $30 billion in the coming five years, a Polish government think-tank has indicated, adding that this will be a nearly 30-fold rise. In 2021, Poland’s FDI totaled $1.2 billion, according to data from the National Bank of Poland (NBP). The Polish Economic Institute…
On January 26, Minister of Energy of Ukraine German Galushchenko held an online meeting with Minister of the Environment, Energy and Climate of Iceland Gudlaugur Thor Thordarson. The parties discussed assistance to Ukraine’s energy sector in the face of massive russian attacks and bilateral cooperation in the energy sector. German Galushchenko emphasized that for more…
The National Bank predicts a slowdown in inflation to 18.7% in 2023. This will be facilitated by continued tight monetary conditions, a decrease in global inflation and weak consumer demand amid power outages. That’s according to the National Bank Governor, Andriy Pyshnyi, who spoke at a briefing on January 26. According to the NBU, in…
An 8th meeting of Cluster 3 (energy, including nuclear issues, environment, including climate change and civil protection, transport) took place under the Subcommittee on Economic and Other Sectoral Cooperation of the EU-Ukraine Association Committee. It is the first time that Ukraine participates in the meeting as an EU candidate country. The Ukrainian delegation was led…
Reconstruction of Ukraine should affect all sectors of the economy at once – from transport, social and housing infrastructure to deep economic modernization and ensuring a favorable microclimate for business. The Government of Ukraine has approved a National Economic Strategy until 2030, which is to be implemented, among other things, with ongoing international support. This…
The Cabinet of Ministers has regularized working conditions for foreigners and stateless persons in Ukraine by approving sample documents required to obtain or extend validity of relevant permits. The same decision, adopted at a Government meeting on January 24, regulates and brings in line with the applicable legislation the rules for employment of gig specialists…