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Impacts on power system could worsen GDP forecast for 2023 by 3-9 pp – PM

Attacks on the power system could worsen the dynamics of Ukraine's gross domestic product for 2023 by 3-9 percentage points (p.p.), so the forecast depends on the intensity of shelling and how allies are ready to provide air defense systems, Prime Minister Denys Shmyhal has said.

Continuation of energy terror by Russia may increase drop of Ukraine s GDP to 50% – PM

Prime Minister of Ukraine Denys Shmyhal has said that if Russia continues attacking infrastructure, the Ukrainian economy will shrink by up to 50%.

Economy Ministry estimates decline in Ukraine s GDP at 41% in Nov, at 33 2% over 2022

Russian attacks on energy infrastructure increased the rate of decline in the Ukrainian economy in November 2022, year-over-year, up to approximately 41%, First Deputy Economy Minister Denys Kudin has said.

Economy Ministry expects $20 bln intl assistance in 2023

The Economy Ministry of Ukraine expects $20 billion in international assistance in 2023, First Deputy Economy Minister Denys Kudin has said.

Export-oriented industrial park NOVO opens in Volyn

The NOVO industrial park in Novovolynsk (Volyn region) with an area of 20 hectares near the border with Poland was opened in Ukraine on Monday, the press service of the Ministry of Economy reports.

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