How Ukraine Can Become Europe's Industrial Pillar – CBS News
Ukraine can become Europe's industrial partner, due to its favourable location, Europe's largest iron ore resources and the lessons of war, including how to remain competitive amid unpredictability.The pillar of Ukraine's economy is the mining and metals sector, whose weight remains significant despite four years of full-scale war. In 2021, before the 2022 invasion, it accounted for over 10% of Ukraine's GDP and one third of exports. In 2024, these stood at 7.2% and 15.4%, respectively. The war has changed approaches to management and business resilience: enduring requires adaptability, speed of decision-making and focus on internal efficiency."We have lost almost 50% of our business in Ukraine. Despite everything, Metinvest remains the country's largest industrial player. A strong state is impossible without a strong economy, and an economy is impossible without a powerful industrial base," says Yuriy RYZHENKOV, CEO of Metinvest Group, Ukraine's largest mining and metals company, wit