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Oct 12, 2021 · Extremely fertile soils, cheap land and a strategic location between export markets in Europe, China and the Middle East have also put Ukraine in the spotlight of land investors.
- Stuck on The Road to Recovery
- Grain and Commodities
- Black Sea Port of Odessa A Crucial Hub
- Domestic Consumption and Foreign Trade
The structural reforms imposed by the IMF over the past five years managed to bring down Ukraine's sovereign debt from more than a 100% of gross domestic product (GDP) to just over 50% in 2020. Following a brief recession that year caused by the COVID-19 pandemic, Ukraine was back on the road to economic recovery with a growth rate of 3.2% last yea...
The second-most-important sector is mineral commodities. According to the Germany Trade & Invest (GTAI) foreign trade lobby group, the sector's health is, however, strongly dependent on global market developments in steel, for example. Moreover, the GTAI said in a report published last fall the need for foreign investment in the commodities' sector...
An essential hub for Ukraine's economy is the Odesa Marine Trade Port (OMTP), one of the biggest deep-water ports along the Black Sea coast. OMTP is capable of handling 40 million metric tons of bulk cargo and 25 million tons of liquid cargo annually. The port has ceased operations due to the war, though. German company Hamburger Hafen und Logistik...
Private domestic consumption has become a main pillar of economic growth in Ukraine. Rising local wages and remittances from Ukrainians working abroad have been boosting retail sales in recent years. In addition, the information technology (IT) sector is flourishing on the back of growing numbers of students graduating from universities and college...
May 7, 2024 · S ince Russia began its invasion in 2022, Ukraine’s economy has shrunk by a quarter. But the ravages of war are not the only reason for the government’s reduced tax take. Businesses are also...
Feb 13, 2024 · The WFP-FAO demining project is being carried out in close cooperation with rural communities and the Ukrainian authorities, as part of a broader government effort to clear vast swathes of contaminated land. The goal and the price tag are daunting: the World Bank estimates the cost could exceed $US37 billion.
Apr 15, 2024 · In addition to stealing millions of hectares of land, Russia has inflicted a terrible economic, environmental and human cost on Ukraine. By the end of 2023, the Ukrainian agricultural sector had sustained an estimated US$80 billion in damages and losses.
Russia and Ukraine supply key produce to parts of the world where food supply is already under pressure. North Africa and the Middle East import significant amounts of cereal, wheat and barley from Ukraine and Russia, and Ukraine is an important supplier of maize to the EU and China.
Mar 1, 2024 · So far, agricultural enterprises have escaped the focus of Ukraine’s mobilization efforts, in part due to their critical importance to the nation’s economy. Before the war, agriculture, fishing...
