Business news from Ukraine

Business news from Ukraine

Bauxite imports to Ukraine increased by 87% in January-August

In January-August of this year, Ukraine increased its imports of aluminum ore and concentrate (bauxite) by 87.1% in physical terms compared to the same period last year, to 23,984 thousand tons.

According to statistics released by the State Customs Service (SCS), during this period, bauxite imports in monetary terms increased by 63.7% to $2.642 million.

At the same time, imports were mainly from Turkey (82.44% of supplies in monetary terms) and China (17.56%).

Ukraine did not re-export bauxite in 2025, as in 2024 and 2023.

As reported, in 2024, Ukraine increased its imports of bauxite in physical terms by 77.4% compared to 2023, to 35,173 thousand tons, and in monetary terms by 74%, to $4.107 million. Imports were mainly from Turkey (78.48% of supplies in monetary terms), China (19.48%), and Spain (1.9%).

In 2023, Ukraine imported 19,830 thousand tons of bauxite worth $2.360 million.

In 2022, Ukraine reduced imports of aluminum ores and concentrates (bauxite) in physical terms by 81.5% compared to the previous year, to 945,396 thousand tons. Bauxite imports in monetary terms decreased by 79.6% to $48.166 million. Imports were mainly from Guinea (58.90% of supplies in monetary terms), Brazil (27.19%), and Ghana (7.48%).

Bauxite is an aluminum ore used as a raw material for producing alumina, which is then used to produce aluminum. It is also used as a flux in ferrous metallurgy.

Bauxite is imported into Ukraine by the Mykolaiv Alumina Plant (MAP).

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170 employees aged 18-22 left Nova Poshta in 10 days, says co-founder

The number of employees aged 18-22 who have left Nova Poshta, Ukraine’s leading express delivery company, over the last 10 days after being granted permission to leave the country has reached 170, while 64 new employees have been hired, resulting in a net outflow of 106 employees, according to the company’s co-founder Volodymyr Poperechnyuk.

“This is not a significant problem for the company. After all, ten days is not enough for serious analysis – we will look at the results in a month or two. One thing is clear: competition for employees will increase. And that’s a good thing,” Poperechnyuk wrote on social network X, supporting the decision of the president and the government to open the border for 18-22-year-olds subject to military service.

He stressed that human resources are the most scarce in the economy, and this forces businesses to constantly raise salaries, improve conditions, and fight for every employee.

The co-owner of Nova Poshta added that restoring freedom of movement for men aged 18-22 is the right decision both for ethical reasons, since human freedom is a fundamental value, and for economic reasons, since freedom is always a guarantee of development.

“Yes, some young people will leave, especially those who are about to turn 23. But at the same time, it opens the door for thousands of young people to return to the country. Now, 18-22-year-olds will be able to freely cross the border in both directions. And most importantly, the outflow of 17-year-old boys will decrease. I think this was the key motivation for officials,” Poperechnyuk believes.

The article does not provide the total number of Nova Poshta employees aged 18-22, but in May 2025, the company informed the European Bank for Reconstruction and Development of its planned reduction of about 2,900 employees, which is less than 10% of the total number.

Forbes Ukraine recently reported that at Silpo, which employs about 3,000 people aged 18-22, the number of resignations has increased significantly but does not exceed 3%.

 

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Scrap exports from Ukraine increased by 59% in January-August

In January-August 2025, Ukrainian enterprises increased exports of ferrous metal scrap by 59.3% compared to the same period last year, from 177,654 thousand tons to 283,055 thousand tons.

According to statistics released by the State Customs Service (SCS), 34,713 thousand tons were exported in August, 44,842 thousand tons in July, a record 47,691 thousand tons in June, 28.6 thousand tons in May, 46,321 thousand tons in April, 39,908 thousand tons in March, 25,284 thousand tons in February, and 15,696 thousand tons in January.

In monetary terms, scrap exports in January-August increased by 49.7% to $85.400 million from $57.041 million.

During this period, scrap exports were formally carried out mainly to Poland (82.1% of shipments in monetary terms), Greece (6.48%), and Italy (4.37%).

In the first eight months of this year, Ukraine imported 34 tons of scrap worth $13,000 from Poland (53.85%), the Seychelles (30.77%), and the British Virgin Islands (7.69%).

As reported, due to the sharp increase in exports of strategic raw materials from Ukraine, the Ministry of Economy, Environment and Agriculture initiated the introduction of a licensing and quota regime for scrap exports 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 regard to meeting the demand for scrap on the domestic market of Ukraine.

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

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EBRD to provide EUR200 mln guarantee for business lending through Raiffeisen Bank

The European Bank for Reconstruction and Development (EBRD) is providing a risk-sharing guarantee without upfront financing to Raiffeisen Bank to expand financing and provide new loans to Ukrainian businesses in the amount of EUR200 million. The relevant agreement was signed in London on September 9.

“The EBRD instrument will cover up to 50% of Raiffeisen Bank’s credit risk under new financing agreements for businesses operating in Ukraine. Under this mechanism, the bank will provide sub-loans to companies operating in critical sectors of the economy, such as agriculture, industrial production, pharmaceuticals, transport, and logistics,” the Ukrainian bank said in a press release on Wednesday.

According to the press release, this is already the fourth such risk-sharing agreement concluded by the EBRD with Raiffeisen Bank.

It is noted that 20% of the sub-loans covered by the EBRD guarantee will be provided to MSMEs for long-term investments in EU-compliant technologies and green technologies, strengthening the competitiveness of such enterprises in domestic and foreign markets.

Sub-borrowers who meet the conditions will also be able to receive EU-funded technical support and investment incentives, such as grants to complete their investment projects, under the EU4Business initiative. Larger incentives will be provided to businesses and households most affected by the war (e.g., those whose assets have been destroyed, damaged, or relocated), as well as to sub-borrowers that promote the reintegration of war veterans, people with special needs, internally displaced persons, and/or enterprises located in areas most severely affected by the war.

The EBRD guarantee will be supported by partial coverage of first-loss risk received from France and the EU under the Ukraine Investment Framework.

Since the start of the full-scale Russian-Ukrainian war, the EBRD has enabled more than EUR 3 billion in financing to Ukrainian borrowers through 37 similar instruments in partnership with 12 financial institutions.

Raiffeisen Bank is the largest privately owned bank in Ukraine and the fourth largest overall, with total assets of UAH 252.23 billion (6.5% of the system’s total assets) as of mid-year.

Raiffeisen Bank was founded in 1992. According to the financial institution, 68.21% of its shares are owned by Raiffeisen Bank International AG (RBI), 30% by the EBRD, and the remaining 1.79% by minority shareholders.

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Economy of Bosnia and Herzegovina – overview from Relocation

Relocation project has analyzed economic indicators of Bosnia and Herzegovina. For convenience, the data are presented in blocks by topics and areas.

1. GDP growth and economic development rates

  • The International Monetary Fund (IMF) forecasts real GDP growth of 2.8% in 2025.
  • The World Bank expects 2.7 % growth in 2025 and a further acceleration to 3.1 % in 2026.
  • Analysts at wiiw also forecast 2.4% growth for 2025, based on a recovery in domestic consumption and demand from the EU.
  • The Western Balkan regions as a whole are projected to grow ≈3.2 %, but growth could be below average for individual countries, including Bosnia.

2. Nominal GDP and per capita income

  • According to Wikipedia, Bosnia and Herzegovina’s nominal GDP at the end of 2025 is expected to be ≈ $29.86 billion and per capita income is expected to be about $8,670.

3- Inflation and price dynamics

  • According to the IMF, average inflation is ≈ 3.8% in 2025 (rising due to higher food prices) with a subsequent decline to 2% in the medium term.
  • Trading Economics records a higher level: 4.8% in July 2025, the highest since June 2023.
  • WIIW estimates average annual inflation at 2.5 %, although it further notes that it exceeded 3 % in the first months of 2025.

4. Public debt and fiscal sustainability

  • Public debt rises from 29 % to 29.9 % of GDP between 2024 and 2025, according to the IMF.
  • According to Wikipedia, the public debt level is only 16.9 % of GDP at the end of 2024 – perhaps only external debt is taken into account.

5. Currency stability and reserves

  • The country’s currency is the convertible mark (BAM), pegged to the euro under a currency board (currency board), which ensures exchange rate stability.
  • Foreign exchange reserves amounted to about €9 billion, equivalent to ~6.9 months of imports, as estimated by the IMF.

6. Unemployment and labor market

  • The unemployment rate by the end of 2024 was 11.7%.
  • Wikipedia gives the same value: 11.7% (December 2024) and 27.3% youth.

7. Population and demography

  • According to Wikipedia, the population as of April 7, 2025 is ≈ 3.14 million.
  • IMF indicates a value of 3.445 million, without specifying the date.
  • Overall, the population shows a moderate decline (partly due to migration and natural decline), although no significant demographic data for 2025 is provided.

8. Other factors and risks

  • Strong minimum wage growth (increase of over 60%) in the Federation of Bosnia and Herzegovina (FBiH) supports purchasing power but may cause inflationary pressures.
  • Services sector and domestic consumption are the main drivers of growth (about 65% of GDP).
  • Annual current account deficit is expected at 4-4.1% of GDP, worsened by lower exports and higher imports.
  • International Monetary Fund forecast: general fiscal sustainability with moderate growth of debt and reserves.
  • There are recommendations for structural reforms (export-oriented model, investment, labor market reforms).

Bosnia and Herzegovina (BiH) is a state in Southeastern Europe, located on the Balkan Peninsula. The capital is Sarajevo. The population is estimated at about 3.2 million (2025).

The country has a complex state structure: it consists of two autonomous entities, the Federation of Bosnia and Herzegovina and the Republika Srpska, as well as the Brcko District. The country is a candidate for accession to the European Union (since 2016).

http://relocation.com.ua/bosnia-and-herzegovinas-economy-an-overview-from-relocation/

 

New canine center building has been opened in Bucha

Ukrainian Prime Minister Yulia Svyrydenko announced the opening of a new building for the canine center of the National Police Headquarters in the city of Bucha, Kyiv region.

“This morning, we opened a new building for the National Police Dog Training Center in Bucha together with Igor Klymenko and Howard Buffett, who financed its construction. The previous premises were in Irpin, but at the beginning of the full-scale invasion in 2022, Russian hail fell on it,” Svyrydenko wrote on Telegram.

According to her, this center is one of the best in Europe: it has 80 kennels, a covered training area, an obstacle course, and a modern veterinary center.

“The center’s space is adapted for people with disabilities so that veterans can come here for canine therapy. Currently, 54 dogs serve at this canine center. In total, about 1,000 dogs serve in the National Police, and there have been losses in the K9 ranks during the invasion,” the prime minister said.

Svyrydenko noted that the project to restore the canine center is part of a systematic demining policy in Ukraine, which the Howard Buffett Foundation is consistently helping us to implement.

“Ukraine is the most contaminated country in the world with explosive ordnance, and we need a lot of resources to move quickly and bring life back to communities. The canine service is one of the elements of the infrastructure that contributes to rapid demining and restoration of security. In addition to searching for explosives, service dogs help rescuers find people under rubble after enemy shelling,” she wrote, thanking Buffett.

 

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