Category: 9. Business

The OPEC+ countries – Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman – have decided to raise oil production by 411,000 barrels per day in May. This decision is part of a gradual return to normal production levels following a voluntary…

Galnaftogaz (OKKO brand) has agreed to secure €157M in funding for the establishment of a wind farm in Volyn, as reported by the International Finance Corporation. The financing consists of €60M from the EBRD, €60M from the IFC, and €37M from the Black Sea Trade…

Last year, the Ukrainian insurance market demonstrated an increase in all key indicators: assets, insurance premiums, and payments. Total gross insurance premiums rose by 15%, reaching ₴53.1B, primarily from risk insurance, which contributed ₴47.4B. In transport…

According to the Institute of Economic Research, the index of anticipated changes in business activity in February, as in January, is 0.1. The share of those planning to expand their activities is 15.4% (up from 14.4%), while the proportion planning to reduce their…

Ukraine’s inflow of foreign direct investment (FDI) in 2024 reached $3.33B, which is 25% ($1.16B) lower than 2023’s figure, as noted by Danylo Hetmantsev, the head of the Verkhovna Rada Committee on Finance. Concurrently, a significant portion (71.6%) of foreign…

However, consumers continue to face a challenging economic situation, and austerity measures are hindering a full cost structure recovery, reported CBRE Ukraine. At the same time, the retail sentiment index in December reached 29.8 points, the highest level since the…

CBRE Ukraine’s research for the second half of 2024 shows that retail turnover in Ukraine increased by 13% year-on-year. However, consumers continue to face a challenging economic situation, and austerity measures are hindering a full cost structure recovery.

At the…

Russia cannot accept the US’ proposal to end the war in their “current form” since they do not address the issues that Moscow considers the primary reasons for the invasion, stated Russian Deputy Foreign Minister Sergei Ryabkov. Notably, Moscow wants Ukraine to…

Two US senators, Republican Lindsey Graham and Democrat Richard Blumenthal, have introduced a bill to impose new sanctions on Russia in response to the Kremlin’s refusal to sign a peace deal.

“The Senate is dominated by the view that Russia is the aggressor; this…

The US has expressed its desire for Europe to continue acquiring American military equipment following the EU’s restrictions on American manufacturers from participating in arms tenders. Specifically, US Secretary of State Marco Rubio conveyed to the foreign ministers…