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The economic effect of the Great Odesa ports can provide 8% GDP growth in 2024

15 December
2023

Almost 9 million tons of goods have been transported through the temporary corridor in the Black Sea since its start. The economic effect of the operation of the Chornomorsk, Odesa and Pivdenny ports may be up to 8% of additional GDP growth in 2024. "We understand that the effect of resuming the work of these ports may add up to 8% of GDP next year. Because our main industries - metallurgical and agricultural - are not working at full capacity, if we compared with the figures that were before the large-scale war ", said the Deputy Prime Minister for Reconstruction of Ukraine - Minister of Development of Communities, Territories and Infrastructure Oleksandr Kubrakov at the meeting of the Ministry of Reconstruction team with heads of diplomatic missions and the public. According to him, almost 9 million tons of cargo, of which almost 70% are agricultural products, have been transported through the temporary corridor in the Black Sea, the security of which is ensured by the Navy of the Armed Forces of Ukraine, since its start in September. "The dynamics are very positive, and we hope that we will be able to maintain this level," the official emphasized.