Executive Summary
- According to the IER, real GDP growth slowed to 0.6% yoy in October due to russian shelling of critical infrastructure, primarily energy.
- Nuclear power plants are forced to reduce electricity production after attacks on energy facilities.
- In October, electricity exports fell by 85% mom to 90.8 thousand MWh, while imports increased 2.5 times compared to September to 360 thousand MWh.
- As a result of the corruption scandal at Energoatom, the government submitted to the Verkhovna Rada a resolution to dismiss Energy Minister Svitlana Hrynchuk and Justice Minister Herman Halushchenko.
- 155 m t of cargo passed through the Ukrainian Sea Corridor, of which about 90 m t were grain.
- In October, Ukrzaliznytsia transported 2.26 m t of grain cargo, which is 31% less than in October 2024.
- Imports remained high. At the same time, exports also increased slightly.
- Higher defense spending in 2025 will be financed by EU funds provided under the ERA instrument.
- In October, annual inflation slowed down (for the fifth consecutive month) to 10.9% yoy.
- The NBU Monetary Policy Committee maintained the key rate at 15.5% per annum in October, but with a minimal majority.
