The International Monetary Fund has upgraded its 2023 GDP growth forecast for Ukraine to 4.5% while praising the “remarkable resilience” of the country’s wartime economy. The new figure is a significant increase on the earlier forecast of growth between one and three percent. Speaking in Polish capital Warsaw on November 10 following a meeting with […]
Economy
Posted inEconomy
Survey: 58% of Ukrainian companies expect to see positive business dynamics in 2024
The new Business Forecasts for 2024 survey conducted by Ukraine’s European Business Association (EBA) has identified a range of positive indicators that point to growing confidence within the Ukrainian business community despite Russia’s ongoing invasion. Released on 11 September, the survey found that more than half of respondents (58%), expect to see their business develop […]
Posted inEconomy
Carlos de Cordoue: Ukraine can offer huge opportunities to those who are here at beginning of reconstruction story
In May 2023, France’s Credit Agricole marked thirty years in Ukraine, being the oldest international bank on the Ukrainian market. In normal circumstances, such a milestone would be an occasion to stage a major corporate celebration, but that was obviously not possible this year due to the realities of Russia’s ongoing invasion. Nevertheless, Credit Agricole […]
Posted inEconomy
Building business bridges between Ukraine and Europe
More than eighteen months since the onset of Russia’s full-scale invasion, the Ukrainian economy is in significantly better health than many would have dared imagine on the terrible morning of February 24, 2022. While the war unleashed by Russia has caused barely imaginable disruption to almost every aspect of daily life, Ukrainian businesses have demonstrated […]
Posted inEconomy
State-owned Oschadbank is preparing to play key role as hub in Ukrainian reconstruction
Although there remains no end in sight to Russia’s full-scale invasion, discussion over the future postwar recovery and reconstruction of Ukraine has already gained considerable momentum. Since the invasion began on February 24, 2022, a number of international forums and conferences dedicated to reconstruction have been held in Switzerland, London, and elsewhere. Current projections for […]
Posted inEconomy
Banking on the exceptional wartime adaptability of Ukraine’s business community
There are few more convincing expressions of confidence in the business climate than the recruitment and training of additional staff. This is exactly what ProCredit Bank is currently doing in wartime Ukraine. The bank spent 2022 adjusting to the new realities created by Russia’s full-scale invasion and concentrating on strengthening institutional stability, but business development […]
Posted inEconomy
How McDonald’s became a symbol of Ukraine’s remarkable resilience
In the eighteen months since the onset of Russia’s full-scale invasion, the watching world has frequently been amazed by Ukraine’s remarkable resilience. Ukrainians have defied the expectations of experts who predicted Kyiv would fall in a matter of days, and have instead managed to secure significant success on the battlefield while also keeping the country […]
Posted inEconomy
State-owned Ukrainian bank Oschadbank calls on international partners to cooperate in rebuilding Ukraine
Oschadbank is looking to build on its unrivaled economic reach and wealth of experience as the international community braces for the once-in-a-lifetime opportunities created by Ukraine’s reconstruction
Posted inEconomy
Ukrainians are loving’ it: McDonald’s reopens five restaurants in Dnipro
Global fast food giant McDonald’s is steadily resuming its activities in Ukraine following a nationwide shutdown in response to Russia’s February 2022 invasion
Posted inEconomy
Ukraine’s tech sector excellence is playing a vital role in the war against Russia
A start-up culture that owes much to Ukraine’s vibrant IT industry is providing the country’s military with rapid solutions to frontline challenges in ways that the more traditional top-down Russian military simply cannot match