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

by Business Ukraine magazine

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 inEconomy

IMF upgrades Ukraine’s 2023 GDP growth forecast to 4.5% amid “stronger than expected recovery”

by Business Ukraine magazine

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 inIndustry

ATB supermarket chain helps safeguard wartime Ukraine’s economy and food security

by Business Ukraine magazine

As Ukraine’s largest retail chain, ATB Market has been at the forefront of the country’s civilian response to the full-scale invasion launched by Russia eighteen months ago. From the very first moments of the invasion on February 24, 2022, the entire ATB Corporation switched to a wartime footing and began working to support the defense […]

Posted inEconomy

Survey: 58% of Ukrainian companies expect to see positive business dynamics in 2024

by Business Ukraine magazine

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 […]