Posted inEconomy

World Bank forecast: Ukraine could be Europe’s fastest-growing economy by 2025

The World Bank expects Ukrainian GDP to increase by 6.5% in 2025, the highest anticipated growth rate in Europe. In a newly released January 2024 Global Economic Prospects overview, World Bank analysts have also upwardly revised their earlier estimate for Ukrainian GDP growth in 2023 from 2% to 4.8%. This optimistic outlook mirrors a similarly […]

Posted inIndustry

Turkish mining company invests in wartime Ukraine

In the rural heart of central Ukraine, one of the country’s most ambitious wartime investment initiatives is underway. At a quarry in Kirovograd Oblast’s Haivoron region, efforts began in March 2023 to excavate Ukraine’s highly sought-after kaolin clay for export to Türkiye and global markets. The project is the work of Turkish-based industrial minerals company […]

Posted inInvestment

Ukraine needs war risk insurance to attract international investment

What has been the impact of the full-scale Russian invasion on the Ukrainian insurance industry? Before the outbreak of war, the Ukrainian insurance industry was experiencing steady growth, albeit from a relatively underpenetrated position compared to the country’s Eastern European counterparts. The Ukrainian market witnessed a number of positive developments in terms of product diversity […]

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 inInvestment

Celebrating the resilience and bravery of the Ukrainian people

Ukraine’s Independence Day was especially poignant and significant this year on day 547 of the country defending its sovereignty, territorial integrity, and the right of its citizens to choose their European future. In the face of unprecedented challenges, Ukraine and its people have inspired the world through their commitment to freedom and democratic principles, strength, […]

Posted inInterview

Tetyana Golofiyevska: “Ukrainians are an exceptionally entrepreneurial and hardworking nation”

The full-scale Russian invasion of Ukraine has placed unprecedented strains on the Ukrainian economy but Ukrainian businesses have responded by demonstrating remarkable resilience and durability. Ukrainian entrepreneur and business developer Tetyana Golofiyevska believes the experience of the past nineteen months since the onset of Russia’s invasion has confirmed the exceptional entrepreneurial skills and work ethic […]

Posted inInvestment

Henkel underlines commitment to Ukraine with series of new investments in facility upgrades

International industrial and consumer goods producer Henkel has been present in Ukraine for a quarter of a century and had established four production facilities in the country by the time of Russia’s full-scale invasion in February 2022. Eighteen months on, three of Henkel’s production facilities in Ukraine are currently operational, while the company has retained […]

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 […]