The Ukrainian banking industry has adapted remarkably well to wartime conditions, providing crucial stability amid the shocks of Russia’s full-scale invasion. With the war in its third year, ProCredit Bank’s General Manager in Ukraine, Viktor Ponomarenko, says the goal now is to boost lending and prepare for future growth. “2023 was a year of consolidation. […]
Ukrainian economy
Posted inInterview
France’s Credit Agricole Bank opens flagship branch in Kyiv
France’s Credit Agricole underlined its ambitions on the Ukrainian market in mid-May with the opening of a new flagship branch in Kyiv that could serve as a model for the bank’s network throughout Ukraine. The unveiling of the branch in the Ukrainian capital’s San Francisco Business Center is another significant milestone in Credit Agricole’s 31-year […]
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 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 inIndustry
ATB supermarket chain helps safeguard wartime Ukraine’s economy and food security
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
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
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 national currency is the world’s top performer against the US dollar so far in 2019
The hryvnia has posted almost 10% gains against the US dollar so far this year and enjoyed unprecedented levels of demand on the international bond market
Posted inEconomy
Ukrainian salaries return to pre-war levels in US dollar terms as recovery continues
The average Ukrainian wage now stands at USD 385 per month – or more than twice the figure in 2015 – as the country’s economic recovery continues to gain ground
Posted inEconomy
KYIV AND LVIV ENTER GLOBAL TOP 10 FOR COST-EFFECTIVENESS IN NEW 2019 FINANCIAL TIMES INVESTMENT RANKING
Ukrainian cities score well in inaugural Smart Locations of the Future survey by Financial Times division fDi Intelligence assessing 115 cities globally in terms of international investment appeal and economic competitiveness