Ukraine’s economy

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Iron & steel industry contribution to Ukraine’s GDP increased to 7.2% in 2024

The launch of the sea corridor contributed to the growth of production in the industry

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Ukraine’s real GDP grew by 2.9% in 2024 – State Statistics Service

Last year, nominal GDP amounted to UAH 7.66 trillion

ANNOUNCEMENT: International Forum «Industrial Evolution. Production turns on the economy»

The event aims to stimulate production development, transition to an innovative economy and GDP growth

Increase in the discount rate will lead to deterioration of business lending conditions

To fight inflation, the National Bank raised the key rate to 15.5% per annum from March 7

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As a result of CBAM introduction Ukraine may lose $7.2 bln of GDP by 2030

Export losses for the same period may amount to $4.7 billion, of which $3.3 billion refer to iron & steel products

Ukraine’s economy will not recover without industrial development

The first step should be to conduct an audit of industrial sectors, which should be followed by a set of measures

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IMF downgrades Ukraine’s GDP growth forecast to 2-3% in 2025

Labor market constraints and damage to the energy infrastructure are unfavorable factors.

Ukraine’s economic development dynamics slow down in 2024

The Ministry of Economy estimates that the country's economy grew at 3.6% y/y last year

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Ukraine needs a predictable tax and tariff policy – Metinvest

Otherwise, it is impossible to attract foreign investment to the country

NBU raises key policy rate to 14.5%

The NBU does not rule out that curbing price pressures will require further tightening of interest rate policy

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The Government is finalizing internal preparations for negotiations with the EU on industrial visa-free regime

This year, Ukraine aims to maintain access to the EU market at a level no worse than in 2024

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Analysts expect Ukraine’s GDP to increase to $200 bln in 2025

War and damage to energy infrastructure remain key constraint factors for economic growth

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