The National Bank of Ukraine (NBU) is expecting an over 5% drop in Ukraine’s real GDP in 2020, according to the regulator’s website.
“At the year-end, the fall will probably be deeper than expected. While the lockdown is gradually being eased since mid-May, economic activity and employment are recovering, just as expected,” reads the NBU’s message.
The NBU is expecting a yet deeper drop of real GDP in Q2 2020, following a 1.3% contraction in Q1, the reason being the lockdown restrictions throughout the entire quarter.
As reported earlier, the International Monetary Fund (IMF) projects a 7.7% decline in Ukraine’s GDP in 2020. Economic recovery will start in 2021, with a 3.6% growth.
Metinvest Group increased steel production by 4% year-on-year to 488 thousand tons in January-March 2025.…
As part of its scheduled overhaul, Kametstal has upgraded Ladle Furnace No. 1 (LF-1), which…
The European steel industry is still not fully prepared for the gradual implementation of the…
Offers for rebar in India fell from $689/t to $681/t EXW Mumbai for the period…
On May 12, 2025, the coke plant Koksownia Przyjaźń (Poland), part of JSW KOKS SA…
Since the beginning of 2025, the Ukrainian Sea Corridor has already transported more than 25…