Internally displaced persons in Ukraine [RUS]

As of February 2023, there were 4.8 million internally displaced persons officially registered in Ukraine - that means, those Ukrainian citizens who were forced to leave their homes because of the war, but did not leave the country but moved to safer regions. Assistance to internally displaced persons is the largest of the social benefits planned in the state budget for 2023.

Crisis in Ukrainian agriculture [RUS]

The Ukrainian agricultural sector, one of the main sectors of the economy capable of filling the country's budget with money, is entering a deep crisis. The sector is not only experiencing difficulties caused by the Russian invasion of Ukraine, but also seems to be rapidly losing trading partners and markets.

National Reconstruction Plan of Ukraine [RUS]

Hundreds of thousands of homes across the country have been damaged or completely destroyed as a result of the fighting. The draft National Reconstruction Plan of Ukraine, which the government has developed together with experts, envisages not only reconstruction and construction, but also the modernisation of housing. However, Ukrainian builders will definitely not start mass construction of modernized houses in the near future.

Price rises in 2023 [RUS]

Ukraine is preparing for the summer season and fears another price increase. In autumn 2022, the government imposed a moratorium on utility tariffs increases during 2023. However, it does not apply to all services. The country will not be able to avoid the growth of tariffs this year. Moreover, experts do not expect inflation in Ukraine to slow substantially in 2023. All Ukrainians will feel the effects. Regardless of financial difficulties and rising prices, Ukrainians are getting ready to celebrate Easter. In the article you will find some economic data related to the celebration of this holiday in Ukraine.

Ukrainian Economy after the year of war [RUS]

UN experts say that the blocking of ports and damage to steel mills has had an extremely negative impact on the country's economy. Despite this, the decline of the Ukrainian economy was less than expected; the support of Western countries - primarily financial support - played a role. Ukraine's financial system has been preserved as such, banks have worked almost continuously and there has been no collapse of the hryvnia and no hyperinflation. Now the country needs to focus on a few key aspects: improving business security, expanding logistics routes, attracting foreign investment and working together with foreign partners.

Power Industry [RUS]

Ukraine is experiencing a challenging winter with constant power and heat cuts. Massive Russian bombing is primarily targeting critical infrastructure, including distribution points and thermal power plants. Coal supplies are dwindling rapidly, burning faster than they are replenished from imports and Ukrainian sources. More about the energy situation in Ukraine you can read in our article.

Setting the price cap on Russian oil is another step in the long-term strategy of Western countries [CZ]

Last December, the G7 group of the world's most developed countries agreed to cap the price of Russian oil. It set the price of a barrel at USD 60. The main aim of this price cap is to weaken Moscow's ability to finance the war in Ukraine. However, Ukrainian President Volodymyr Zelenskyy has criticised the G7 decision and considers it insufficient.

Compensation for damaged and destroyed housing as a result of the Russian invasion [RUS]

The Verkhovna Rada of Ukraine is preparing for the second reading of the long-awaited Law No. 7198, which sets out the rules for the payment of compensation for housing damaged and destroyed as a result of the Russian invasion. The general principle set out in the document is that citizens must be compensated for both partially damaged and completely destroyed houses.

Unemployment benefit in Ukraine [RUS]

The maximum unemployment benefit is now equal to the official minimum wage in the country. The minimum unemployment benefit has been reduced. Neither the amount of the benefit nor the minimum wage will be revised during this year. You can find more about unemployment in Ukraine in our article.

Ukrainian export in a war time [RUS]

This year’s Ukraine mostly exported commodities of Ukraine in this year were corn (21.9 million tons worth $5.3 billion), wheat (9.6 million tons worth $2.3 billion) and sunflower oil (3.9 million tons worth $5 billion). Of course, this is less than in the same period of the pre-war 2021 - by 16.7% in volumes, and by almost 14% in value. At the end of the year, the Ukraine ‘s agricultural sector of Ukraine also faced an unexpected problem - the impact of anti-Russian Western sanctions.

Current situation on the Ukrainian labour market [RUS]

The Russian invasion has virtually destroyed the Ukrainian labour market. According to official figures, almost 2.5 million people in Ukraine have lost their jobs over the past months.

Increasing inflation [RUS]

Inflation in Ukraine is accelerating, while the population is rapidly getting poorer. According to the Ukrainian State Statistics Service, inflation in this September has already risen to 24.6 % (in July it was 22.2%).

No oil, gas or gold. What sanctions has the world imposed on Russia? [CZ]

The ongoing Russian-Ukrainian war conflict is having a negative impact on the whole world. Many countries around the world have condemned Putin's actions and imposed various sanctions on the country. The biggest challenge, especially for Europe, will be to cut off its energy dependence on Russia.

State Budget of Ukraine for 2023 [RUS]

What will be the final form of the main financial document of the warring Ukraine will be known very soon. By October 1, deputies of the Verkhovna Rada must submit their proposals to the budget, and by October 20 a vote for the law in the first reading should already take place.

The war in Ukraine has deepened the food crisis. Poor countries are particularly at risk [CZ]

The world is facing grain shortages due to the armed conflict between Russia and Ukraine. The cost of oilseeds and fertilisers is also increasing, which has a negative impact on food price rises and high inflation. Millions of people on the planet are thus threatened by famine, especially poor developing countries.

The war in Ukraine is an economic disaster for the world. However, it could be over by the end of the year [CZ]

More than a hundred days have passed since the Russian invasion of Ukraine. Its negative impact is felt almost all over the world. "This is an economic disaster," World Bank President David Malpass told the BBC. The world is thus in a state of great uncertainty regarding the future. However, according to Western intelligence, Russia is running out of troops and equipment. The war could end by the end of the year, according to optimistic forecasts.

NAFTOGAZ [RUS]

The state-owned company Naftogaz of Ukraine has announced a default on its Eurobonds. Is there enough money in the company's accounts for their repayment?

Ukrainian healthcare during the war [RUS]

What is the current situation regarding the availability of medicines in Ukraine for the local population? How much do they pay for medicine compared to the period before the conflict escalated? The answers to these questions you will find in our article.

Fuel shortage in Ukraine [RUS]

Soon after the Russian invasion was launched, there was a serious fuel shortage in Ukraine. Many kilometres queues began to form at petrol stations across the country. For more information regarding this topic, see our article.

The EU is preparing a plan to cut itself off from Russia's energy dependence. Finding a replacement for gas will be difficult [CZ]

Since the Russian invasion of Ukraine, which Moscow describes as a special military operation, Europe has found itself at an energy crossroads. The Member States of the European Union are struggling with high energy prices and are looking for a plan to get rid of the Russian dependence on fossil fuels as quickly as possible.

Ukrainian grain export crisis [RUS]

One of the very serious economic problems associated with the Russian invasion of Ukraine, which can affect literally the whole world, is the de facto Ukrainian grain exports cut-off.

The United States ban Russian oil imports, Europe plans similar restrictions [CZ]

The invasion of Russian troops into Ukraine was a sharp wake-up call for the West, after which some countries decided to ban or restrict imports of Russian raw materials. The Russian Federation is one of the world's largest exporters of oil and natural gas. Trade in raw materials plays a crucial role in the Russian economy. However, only countries that are not fully dependent on Russian fossil fuels (the United States) could afford an embargo on them. Europe is currently planning similar measures. Regarding the EU countries, the process of moving away from Russian resources take almost a decade.

Ukrainian Economy in Times of War [RUS]

The Russian military invasion of Ukraine is a terrible shock to the Ukrainian economy and industry, which have already been in a difficult situation for the past decade. For more information regarding the current state of the Ukrainian economy, see our article.

Ukraine and the "Great Construction" project [RUS]

The "Great Construction" project (in Ukrainian "Велике будівництво") is one of the key and image-making projects for President Zelensky and his team. In this context, a very controversial decision was made by the authorities in 2020. 35 billion hryvnias from the COVID-19 fund was redirected to road construction. Read more in our article.

Record wheat harvest in Ukraine and the price of bread is rising [RUS]

The price of bread in Ukraine rises despite the record wheat crop. Why is that? Read our article.

Pension reform in Ukraine [RU]

Since 1st July, pensions have increased in Ukraine. The government announced that the lives of retirees will improve now. However, the generally positive statements exclude the information that the average pension will increase by only 54 Ukrainian hryvnia (i.e. less than 2 euros).

Ukraine’s power industry has reached an impasse [RU]

Indicators in both gas and nuclear respective sectors show poor results. Consumers and producers have long waited for substantial changes and new staff appointments. However, the dire situation has not hitherto been resolved.

Energy crisis in Ukraine [RU]

Since spring 2020, Ukraine has been shaken by an unprecedented energy crisis. The main reason is the sharp decline in electricity consumption due to all restrictions caused by the coronavirus pandemic. The generally difficult situation in the country's economy influences the situation as well. Simultaneously, there has been identified an uncontrolled increase in "green" energy sector in recent months.

Health care reform in Ukraine [RU]

Health care reform is discussed in Ukraine. What was started by former health minister Ulyana Suprunova is considered insufficient by the current government.

Gambling business in Ukraine [RU]

Ukraine is going to legalize gambling. The administration of President Zelensky expects this step to bring another 9 billion hryvnias to the state budget. However, the Ukrainian Parliament refused to approve the relevant bill due to a strong lobby of sellers of state lotteries in the first attempt. They appear to be the primary recipients of benefits from the “gray” gambling industry. Parliamentary opposition is against as well.

Privatisation [RU]

Land reform is one of the most important goals proclaimed by Ukrainian President Vladimir Zelensky. If you consider how strongly and consistently government promotes idea of free sale of local land, it is clearly one of the key projects and thus causing a lot of controversies and protests. Free land market should become a part of the so-called big privatization and Kiev intends to launch its first stage in spring 2020.