macroeconomics

Ukraine’s GDP to decline by a third in 2022, National Bank forecasts

Inflation may reach 20% at the end of the year, but will be brought under control

Ukraine forecasts state budget deficit up to $5-7 billion in April-May

Infrastructure losses due to war are estimated at $270 billion, estimates the ministry

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Iron ore is Ukraine’s largest export in March

Last month, Ukraine exported 3.1 million tons of iron ore worth $439 million

50% of Ukrainian business continue to work, Prozorro study

About 20% of respondents had to close stores, or shutdown production

West provided $7 billion of financial aid to Ukraine, says NBU council

The Cabinet of Ministers also signed loan agreements with governments of partner countries for $2.5 billion

War in Ukraine: who benefits from sanctions, price rise, and materials supply crisis

Many major countries’ producers, and entire industries may benefit from the consequences of the Russian war against Ukraine

Ukrainian government estimates losses from Russia’s aggression at $1 trillion

Expert’s calculations structured damage into three categories

Ukraine expects up to €6 billion support from international partners

The Ministry of Finance is engaged in negotiations with international partners about support in form of loans, and grants

Ukrainian companies lost $80 billion due to war, Ministry of Economy

In total, Ukraine ran up $564.9 billion one-time losses from the Russian invasion

Global economy expectation from Russian-Ukrainian war

Consequences of the aggression against Ukraine for the world gross product in 2022 will be at least -1% down growth, or $1 trillion

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Ukrainian parliament’s committee recommends a bill on preferential import

In case of passing the bill by Ukrainian parliament local authorities will be authorized to impose new taxes, and review current ones

Third of Ukrainian companies suspended activities, says Ministry of Finance

Domestic, and foreign loans are the main source of covering state budget needs

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