The metallurgical and metalworking industry has been one of the pillars of the Ukraine’s economy, but the war and the sea blockade are driving it into a deep crisis. In the industry, enterprises pessimistically assess their business activity and business climate; they continue to reduce production and exports.
In August 2022, the production recovery in Ukraine continued, but the dynamics of the indicators of the economic conditions indicate a possible slowing down of the recovery trend in 6 months perspective. This is indicated by several important factors.
A month ago, Ukraine and the EU signed a road agreement that simplified road freight requirements between the parties. The arrangement proved to be mutually beneficial – trade volumes increased, and the cost of transportation from Ukraine decreased.
Ukraine’s manufacturing sector suffers war losses, but most industries keep optimism about the future. However, manufacturers that secure the basic human needs (food, clothing, and shoes) demonstrate the best production and recovery results.
The need for comprehensive information on the economic situation is important for economic policy during the full-scale Russian invasion of Ukraine, which led to the seizure of Ukrainian territories, terror against civilians, and destruction of industrial facilities and infrastructure in Ukraine.
Ukraine is now a battlefield between good and evil. The new over the old. But everything will be fine. The Ukrainian people and our army can work miracles. In the meantime, the world cannot stay silent. A new day is coming. Let us stand together when it comes.
In the morning, we all heard explosions. Russians fired rockets at suburban areas of Kyiv several Russian helicopters were shot down, dropping something on some factories in Kyiv. The airports are fired at. It’s still hard to believe.
The COVID-19 pandemic affected most areas of Ukrainian life. A study by the Institute for Economic Research and Policy Consulting (IER) found that during the pandemic, traditional methods of communication of civil society with the authorities have declined significantly, especially those involving face-to-face meetings. Instead, the tools of e-democracy became widespread.
More than five years after its adoption, Ukraine’s wood export moratorium was found incompatible with the Association Agreement (AA) and not justified under the GATT 1994. Ukraine’s arguments were weak to prove that conservation of forests was the moratorium’s primary goal.
Ukrainian exporting and importing businesses have recently got the much-awaited opportunity to register as Authorized Economic Operators (AEOs). This status will make them trusted companies in the country’s Customs Office’s eyes and considerably facilitate their cross-border trade.
