Category: 9. Business

An EU summit, the first under Antonio Costa’s European Council presidency, will be held on December 19. “The situation in Ukraine will be at the center of our discussions. We must stay with Ukraine for as long as necessary and do everything possible to ensure that… Continue Reading

Fitch Ratings has affirmed Ukraine’s long-term foreign currency rating at restricted default (RD) as Ukraine continues to restructure its external debt. “Ukraine’s foreign currency issuer default rating will remain at RD until Fitch assesses the completion of swaps… Continue Reading

Fitch Ratings predicts a slowdown in Ukraine’s economic growth. In 2024, GDP growth is predicted to reach 4%, facilitated by the normalization of Black Sea trade activity, high government spending, and household income. In 2025 economic growth is forecast to slow to… Continue Reading

Representatives of EU countries were not able to approve the 15th package of sanctions against Russia, aimed at its elusive shadow fleet. According to EU diplomats, Lithuania and Latvia blocked the adoption of the package due to disagreements over an extension of the… Continue Reading

Denmark and Sweden have jointly ordered and paid for 40 CV 90 infantry fighting vehicles from the manufacturer, Hägglunds, for a total of SEK 25B (€2.1B). The Estonian defense company Frankenburg Technologies will start testing of its innovative anti-aircraft missile… Continue Reading

The Russian military has lost almost its entire advantage in the number of artillery shells it is able to fire over Ukraine in recent months due to production restrictions and Ukrainian strikes on ammunition warehouses. As an example, earlier in the war the Russian army… Continue Reading

Although European allies are concerned that the US will cease providing aid to Kyiv after Donald Trump enters office, the EU is confident that Ukraine will soon receive a $50B loan to be repaid with proceeds from frozen Russian assets. The US plans to provide $20B of the… Continue Reading

Ukraine and the World Bank plan to continue their cooperation in 2025 and to further fund the RISE entrepreneurship support program, housing sector instruments, and mortgage programs, support Ukraine in long-term economic modeling, and launch the I_Can regional… Continue Reading

The State Property Fund (SPFU) has determined the starting price for the sale of the state-owned stake in the Construction Company Ukrbud – ₴262.6M. The privatization terms and starting price have yet to be approved by the Cabinet of Ministers. Ukrbud, established by… Continue Reading

The Eastern Committee of the German Economy reported that the volume of Ukrainian-German trade in 2024 could reach €11-12B. Currently, both exports and imports are growing. For comparison, in pre-war 2021 Germany’s exports to Ukraine amounted to about €5.4B,… Continue Reading