Category: 9. Business

Fire Point, the maker of Ukrainian Flamingo cruise missiles, has purchased thousands of used turbojet aircraft engines, each with less than 10 hours of operation, and has reconditioned them in order to build a stockpile before starting mass cruise missile production. By…

Ukrainian titanium holding Velta showcased to representatives of the US International Development Finance Corporation (DFC) and the United States-Ukraine Reconstruction Investment Fund projects within the critical materials cluster, where about $243M is planned to be…

European Commissioner for Defense Andrius Kubilius said that the EU aims to significantly improve its drone detection capabilities within a year, but developing a comprehensive system for surveillance and target destruction will take longer. He emphasized that Europe…

German Finance Minister Lars Klingbeil warned against underestimating Putin’s intentions, suggesting he may attack NATO by 2029. He emphasized the importance of continuing military assistance to Ukraine and enhancing Germany’s defense capabilities.

Klingbeil, during…

Minister of Community and Territorial Development Oleksiy Kuleba said after negotiations with South Korean Minister of Economy and Finance Koo Yun-cheol that these projects include building a railway traffic management center, modernizing and supporting Ukrainian…

As reported by the State Property Fund, 60 new auctions have already been announced. Among them:

1. Privatization of the Odesa Port Plant in the Odesa region will take place on November 25 of this year with a starting price of ₴4.48B ($107M).
2. Privatization of the one of…

On September 22, the airspace of two European nations was again breached. Consequently, the airports in Copenhagen (Denmark) and Oslo (Norway) temporarily halted operations after drones were reported near their runways. In Oslo, drone activity was also observed over the…

Ukraine aims to finalize a four-year program with the IMF by year-end, having exhausted most of the funds from its current $15.5B agreement. Although the current program extends until 2027, as explained by the National Bank’s head, Andriy Pyshny, it mainly targets…

Analysts from the ICU pointed this out, noting that in the second quarter Ukraine’s GDP grew by just 0.8% year-over-year. Experts observed that monthly data tracking components of Ukraine’s GDP show weakness in most economic sectors, although the situation improved…

With EU support, Ukraine is starting a joint initiative aimed at accelerating innovation and integrating the domestic defense industry into the EU ecosystem. The Better Regulation Delivery Office (BRDO) and the Brave1 defense cluster are working to execute the project. A…