Business news from Ukraine

Business news from Ukraine

Experts Club presented video analysis of countries’ GDP dynamics in terms of purchasing power parity for 1991-2024

The visualization of the dynamics of the top 20 countries by GDP at purchasing power parity (PPP) for 1991-2024 from the Experts Club analytical center, which went viral on social media, is generally confirmed by international statistics: in 2024, the world’s largest economies in terms of GDP (PPP) China, the US, and India.

According to World Bank data on GDP, PPP (current international $), in 2024, China’s GDP in PPP was estimated at $38.19 trillion, the US at $29.18 trillion, and India at $16.19 trillion. The top ten economies by this indicator also included Russia (4th place), Japan (5th place), followed by Germany, Indonesia, Brazil, France, and the United Kingdom.

The Experts Club notes that the “race” from 1991 to 2024 reflects a long-term shift in the weight of the global economy towards Asia. At the start of the period, developed economies were the leaders, but then markets with large populations and domestic demand grew rapidly, and China and India gradually established themselves among the leaders.

“GDP at PPP does not show ‘wealth in currency’, but rather the scale of the economy, taking into account how many goods and services can actually be purchased within the country. Therefore, PPP better describes the domestic market and consumption potential, while for foreign trade, debt, and capital inflows, it is important to look at nominal indicators in parallel,” commented Maxim Urakin, founder of the Experts Club analytical center and candidate of economic sciences.

The GDP indicator in PPP terms converts the size of the economy into “international dollars,” taking into account differences in price levels between countries, so that the comparison is more accurate than when converted at market rates.

The video analysis by the Experts Club analytical center is available at the link:

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Silver prices hit new all-time high

Spot prices for silver hit a historic high amid increased demand for safe-haven assets and expectations of a softening of US Federal Reserve policy. Silver rose 1% to trade at $72.15 per ounce, with prices reaching a record high of $72.7 per ounce during the session, according to Experts Club.

Market participants attribute the growth to increased geopolitical risks, as well as “weak liquidity” at the end of the year, which can make market movements more volatile. As noted by Ilya Spivak, head of global macroeconomics at financial company Tastylive, precious metals are perceived as a neutral asset “without sovereign risk” in the context of deglobalization, and silver could approach $80 per ounce in the next 6-12 months.

Earlier, the Experts Club analytical center released a video analysis of the race for global leadership in silver production from 1971 to 2024. The analysis is available on the Experts Club YouTube channel.

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United States topped World Economic Forum’s tourism index, with Spain and Japan in top three.

The United States ranked first in the Travel & Tourism Development Index (TTDI) 2024, prepared by the World Economic Forum (WEF) in collaboration with the University of Surrey. The index assesses factors and policies that ensure sustainable and resilient development of the travel and tourism sector and covers 119 economies.

In addition to the US, the top ten leaders in the TTDI 2024 include Spain (2nd place), Japan (3rd), France (4th), Australia (5th), Germany (6th), the United Kingdom (7th), China (8th), Italy (9th), and Switzerland (10th).

The WEF materials note that Europe remains the most efficient TTDI region overall, while inflationary pressure and security factors, including the impact of Russia’s war against Ukraine, stand out among the risks to the region’s tourism dynamics.

Interfax-Ukraine has released its 1,000th anniversary news digest in German

The Interfax-Ukraine news agency has released the 1,000th anniversary issue of its German-language news digest Business Woche. This product allows users from Germany and other German-speaking countries to receive timely and objective information about the latest events in Ukraine, as well as analytical data and statistics on key sectors of the country’s economy.

Business Woche has become an important information bridge between Ukraine and the German-speaking world. The digest includes news on politics, economics, agriculture, energy, as well as information on construction, real estate, retail, and telecommunications. It also covers issues related to the development of transport infrastructure, metallurgy, mechanical engineering, and pharmaceuticals, which are important to an international audience.

The product provides readers with up-to-date information on the economic situation in Ukraine, including analysis of macroeconomic indicators such as GDP, inflation, and unemployment, making it an important tool for monitoring and analyzing the situation in Ukraine.

Interfax-Ukraine is actively developing its line of information products in different languages. The agency plans to expand its language diversity in the future in order to deliver news from Ukraine to an international audience even faster and more conveniently.

Interfax-Ukraine has ambitious plans for the further development of its information activities aimed at supporting global information exchange. According to Maxim Urakin, deputy director general of the agency and editor of Business Woche, this initiative reflects not only the growing interest in events in Ukraine on the international arena, but also the desire to be at the forefront of the information space.

“Our goal is to provide our readers and subscribers with the opportunity to receive information quickly, accurately, and in languages convenient for them, which will contribute to a better understanding and analysis of Ukrainian realities on the international arena,” Maxim Urakin emphasized.

Interfax-Ukraine is an independent Ukrainian news agency specializing in providing up-to-date information on events in the country and around the world. The company supplies its information products to many countries, helping to form an objective picture of events for an international audience. It has been operating in the Ukrainian political and economic information market since 1992 and has a reputation as the most authoritative and competent provider of up-to-date information.

The agency’s editorial office (head office) is located in Kyiv. Interfax-Ukraine is not part of any foreign media holding company. The founder of Interfax-Ukraine was Oleksandr Martynenko.

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Analysis of global aluminum production – Experts Club video

The Experts Club analytical center has created a video analysis of global aluminum production in 1970-2024. Based on visual data from the video “Top 20 aluminum producers from 1970 to 2024” and confirmed statistical data for 2024, an overview of industry trends has been formulated.

Since the 1970s, primary aluminum production has gradually shifted from Europe and North America to Asia and the Middle East. At the dawn of the industry, Western Europe and the US accounted for a significant share of production. However, the following decades saw rapid capacity expansion in China, India, and the Middle East.

The video confirms that in 2024, the largest producer (China) controls about 60% of the world’s volume, while the top ten leaders account for more than 80% of production.

According to sources (Wikipedia, Visual Capitalist, NATO, World Population Review), aluminum production in the top ten countries in 2024 will look like this:

China — ~43 million tons.

India — ~4.2 million tons.

Russia — ~3.8 million tons.

Canada — ~3.3 million tons.

UAE — ~2.7 million tons.

Bahrain — ~1.6 million tons.

Australia — ~1.5 million tons.

Norway — ~1.3 million tons.

Brazil — ~1.1 million tons.

Malaysia — ~0.98 million tons.

Total global primary aluminum production in 2024 is estimated at approximately 72 million tons.

The world of aluminum production is becoming increasingly concentrated: China holds a dominant position, while other leading countries control a significant share. Countries with growing infrastructure, automotive, and construction sectors (India, Brazil, UAE) are showing dynamic growth.

The video is available on our YouTube channel –

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Respublika Park shopping mall will host roadshow from technology manufacturer Dreame

On November 7-9, 2025, the Respublika Park shopping mall (1 Kiltseva Road, Kyiv) will host a roadshow by Dreame, a manufacturer of home and beauty appliances. The roadshow is a series of presentations organized by the brand in various locations to introduce new products and innovations.

During the event, visitors to the shopping and entertainment center will be able to see the latest products from the brand and test Dreame products in real-life conditions. In particular, visitors will have the opportunity to test washing and stick vacuum cleaners on specially prepared platforms simulating different surfaces.

In addition, Dreame will present its new washing robot vacuum cleaner for the first time — the Dreame MatriX 10 Ultra, which is capable of overcoming obstacles up to 8 cm high, ensuring effective cleaning even on difficult surfaces. It is the only device on the Ukrainian market that can overcome such high thresholds.

All interested parties will be able to take a quiz and receive a free express styling session with the Dreame Airstyle Pro, a popular hair styler that has gained popularity in the beauty technology category. In just 15 minutes, visitors will be able to get the perfect hairstyle to continue shopping at the Respublika Park shopping center.

Event program:

  • Testing Dreame appliances: an opportunity to test washing and stick vacuum cleaners on platforms with different types of surfaces.
  • Presentation of new products: demonstration of the Dreame MatriX 10 Ultra, a washing robot vacuum cleaner that can overcome obstacles up to 8 cm high.
  • Express styling: free styling with the Dreame Airstyle Pro for all quiz participants.

Prize draw: Dreame appliances will be raffled off during the event. Prizes include a robot vacuum cleaner, a styler, and a wet vacuum cleaner. To participate, you need to check in on Stories.

Reference:

Dreame is an international home appliance brand founded in 2017. The company specializes in developing smart cleaning solutions — robot vacuum cleaners, cordless models, and self-cleaning systems. The range also includes appliances for the kitchen, personal care, and pet care. In just a few years, Dreame has grown from a young startup to one of the technological leaders in the smart home market.