Business news from Ukraine

Business news from Ukraine

AUB and Institute of Economics and Forecasting of National Academy of Sciences of Ukraine have created analytical platform

The Association of Ukrainian Banks (AUB), in cooperation with the state-owned Institute of Economics and Forecasting of the National Academy of Sciences of Ukraine, has presented the Banking Sector Analytical

Platform version 2.0, which visualizes banks’ reports to the National Bank of Ukraine (NBU).

“We decided that the information currently submitted by banks as reports to the National Bank and then published on the National Bank’s website and on the banks’ websites should be processed and presented in an interesting format. This is not a commercial product, but an open tool,” said Andriy Dubas, President of the Association of Ukrainian Banks.

According to him, this platform is primarily intended to consolidate all data that is already publicly available. Its main goal is, on the one hand, to collect this data in one place and, on the other hand, to check whether there is enough information to calculate certain indicators and present it in a convenient format.

The platform is structured into four main sections: comprehensive research, analytics of individual banks from different perspectives, an overview of key indicators of the banking system, data on payment systems, and bank ratings.

The platform is built on Microsoft Power BI, and data is automatically updated from the NBU website. “This minimizes the human factor and maintains a high frequency of information updates—daily,” explained Alexander Markovsky, advisor to the AUB and co-developer of the platform.

Research into treatment of combat eye injuries is unique experience for Ukrainian ophthalmologists, according to Filatov Institute

Research into the treatment of combat eye injuries is a unique experience for Ukrainian ophthalmologists, which is in demand internationally, according to Oleg Zadorozhny, senior researcher at the Filatov Institute of Eye Diseases and Tissue Therapy in Odessa, Ukraine.

“Everything related to the diagnosis and treatment, including surgery, of combat eye injuries is promising and a priority. This is a unique experience for our department of post-traumatic eye pathology. Until now, there has been little such experience in the world, so the results of our specialists’ research in the field of combat eye injuries are highly valuable,” he said in an interview with Interfax-Ukraine.

He also noted that the most sought-after areas internationally include the diagnosis and treatment of pediatric ophthalmic pathology, in particular retinoblastoma, retinopathy of prematurity, and research in ophthalmic oncology.

“Fundamental research that brings us closer to understanding the etiology and pathogenesis of ophthalmic diseases opens up new possibilities for diagnosis and treatment,” he said.

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Passenger traffic across Ukraine’s border fell by 4.3% in week

Passenger traffic across Ukraine’s border in the week from May 10 to 16 decreased by another 4.3% to 491,000, according to data from the State Border Service on Facebook.

According to the data, the outbound flow decreased by 9.7%, from 279,000 to 252,000, while the inbound flow increased by 2.1%, from 234,000 to 239,000.

The number of vehicles that passed through checkpoints this week decreased from 124,000 to 123,000, while the flow of vehicles with humanitarian cargo, on the contrary, increased from 498 to 526.
According to the State Border Service, as of 3:00 p.m. on Sunday, there were queues at the border crossing points (BCPs) “Ustyluh” (35 vehicles), “Krakivets” and “Shehyni” (20 vehicles each) on the border with Poland.

As for other sections of the border, an unexpectedly long queue formed at the border with Romania at the Porubne checkpoint, where the second round of presidential elections is taking place today, with 60 cars, while there were no traffic jams at other checkpoints.

The total number of people crossing the border this year is lower than last year, when Easter for Orthodox and Greek Catholics fell on May 5: at that time, 309,000 people left Ukraine and 239,000 entered the country in seven days, with 135,000 cars crossing the border.

As reported, from May 10, 2022, the outflow of refugees from Ukraine, which began with the start of the war, was replaced by an influx that lasted until September 23, 2022, and amounted to 409,000 people. However, since the end of September, possibly influenced by news of mobilization in Russia and “pseudo-referendums” in the occupied territories, followed by massive shelling of energy infrastructure, the number of people leaving exceeded the number of people entering. In total, from the end of September 2022 to the first anniversary of the full-scale war, it reached 223,000 people.

During the second year of the full-scale war, the number of border crossings to leave Ukraine, according to the State Border Service, exceeded the number of crossings to enter by 25,000, during the third year by 187,000, and since the beginning of the fourth year by 21,000.

As Deputy Minister of Economy Serhiy Sobolev noted in early March 2023, the return of every 100,000 Ukrainians home results in a 0.5% increase in GDP.

In its April inflation report, the National Bank again estimated the outflow from Ukraine in 2024 at 0.5 million (according to the State Border Service – 0.315 million). In absolute terms, this means an increase in the number of migrants remaining abroad to 6.8 million in 2024. The NBU also maintained its forecast for the outflow in 2025 at 0.2 million.

According to updated data from the UNHCR, the number of Ukrainian refugees in Europe as of April 17, 2025, was estimated at 6.358 million, and 6.918 million worldwide, which is 15,000 fewer than on March 20.
In Ukraine itself, according to the latest UN data at the end of last year, there were 3.669 million internally displaced persons (IDPs).

Ukraine increased scrap metal exports by 45% in four months

In January-April this year, Ukrainian companies increased exports of ferrous metal scrap by 45.5% compared to the same period last year, to 127,209 tons from 87,414 tons.

According to statistics released by the State Customs Service (SCS) on Tuesday, 46,321 thousand tons were exported in April (16.1% more than in March), 39,908 thousand tons in March (an increase of 57.8% compared to February), in February – 25,284 thousand tons of scrap metal (an increase of 61% compared to January), and in January – 15,696 thousand tons.

In monetary terms, scrap metal exports in January-April increased by 39.4% to $39.247 million from $28.155 million.
During the period in question, scrap metal exports were formally carried out mainly to Poland (86.96% of shipments in monetary terms), Greece (6.60%), and Germany (3.09%).

In the first four months of the year, Ukraine imported 33 tons of scrap metal worth $12,000 from Poland (54.55%), the Seychelles (36.36%), and the British Virgin Islands (9.09%).

According to data from the Verkhovna Rada Committee on Economic Development, last year almost 300,000 tons of ferrous metal scrap were exported from Ukraine to the EU with zero customs duties. The lion’s share of these exports transited through Constanta and other ports to Turkey and other countries, avoiding the payment of EUR 180 per tonne in customs duties, which is about UAH 2 billion in lost revenue to the state budget.

Deputy Chairman of the Verkhovna Rada Committee on Economic Development Dmytro Kysilevsky emphasized that if this scrap had gone to Ukrainian factories, it would have created more added value in production, more taxes, and the Armed Forces of Ukraine could have received more funds to finance Ukraine’s defense needs.

Therefore, in view of this, Ukraine must begin consultations with its European partners on their ability to track the end user of raw materials, as well as on other more practical measures to ensure that these scarce raw materials remain and are processed in the country (…) Ukraine must be as firm as possible in defending its national interests,” the parliamentarian concluded.

In addition, it was reported that due to the sharp increase in exports of strategic raw materials from Ukraine, the Ministry of Economy initiated the introduction of a licensing and quota regime for the export of scrap metal with a zero quota. A public discussion of the draft resolution is currently underway. Its implementation is expected to contribute to the smooth operation of Ukraine’s metallurgical and foundry industries, as well as to stabilize the situation with the supply of scrap metal on the domestic market of Ukraine.

In 2024, Ukraine’s scrap metal collection companies increased their exports of ferrous scrap by 60.7% compared to 2023, to 293,190 thousand tons from 182,465 thousand tons. In monetary terms, scrap metal exports for the year increased by 73.2% to $91.311 million from $52.723 million.

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Aluminum supplies to Ukraine increased by almost 22%

In the first four months of 2025, Ukraine imported aluminum and aluminum products worth $166.26 million (+21.6%), while exports amounted to $45.06 million (+17.9%). In April, imports reached $49.47 million, while exports amounted to $13.36 million.

Aluminum is widely used as a structural material. The main advantages of aluminum are its lightness, malleability, corrosion resistance, high thermal conductivity, and non-toxicity of its compounds. These properties have made aluminum extremely popular in the manufacture of kitchen utensils, aluminum foil in the food industry, and for packaging. The first three properties have made aluminum the main raw material in the aviation and aerospace industries (recently, it has been replaced by composite materials, primarily carbon fiber). After construction and the production of packaging—aluminum cans and foil—the largest consumer of aluminum is the energy sector.