Ukraine has exported more than 10 million tons of agricultural produce since breaking the Russian naval blockade of the country’s Black Sea ports five months ago, Ukrainian Infrastructure Minister Oleksandr Kubrakov announced on 8 January. According to Kubrakov, Ukraine has now shipped almost 15 million tons of cargo in total following the launch of a […]
Economy
Posted inEconomy
Credit Agricole impressed by the adaptability of Ukraine’s resourceful agricultural sector
Credit Agricole Bank has been closely engaged in the development of the Ukrainian agricultural sector for the past three decades, but nothing could quite prepare the bank or its clients for the unique challenges presented Russia’s full-scale invasion of the country when it began in February 2022. With the war now approaching the two-year mark, […]
Posted inEconomy
IMF upgrades Ukraine’s 2023 GDP growth forecast to 4.5% amid “stronger than expected recovery”
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 […]
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 […]
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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 […]
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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 […]
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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 […]
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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