Category: 9. Business

Hungary will block the €6.5B military aid financing program for Ukraine under the European Peace Fund until Ukraine resumes supplies of Russian oil to Hungary, Hungarian Foreign Minister Peter Szijjártó said. He emphasized that the association agreement between the EU and Ukraine clearly… Continue Reading

The National Bank of Ukraine has adopted a decision that will allow foreign investors to get direct access to marketable debt instruments aimed at Ukraine’s recovery. Starting on July 24, the list of clients and depositors the NBU can serve expands. In particular, the NBU can open and… Continue Reading

The German defense concern Rheinmetall has received an order from the Ukrainian government to construct an ammunition factory, previously announced in February. The exact value of the deal is not specified; Rheinmetall describes the amount as a “low three-digit million euro,” meaning more… Continue Reading

To get through the next winter, it is necessary to have sufficient air defenses, restore a significant amount of generation, increase electricity import capacity (from 1.7 GW to 2.2 GW or even 2.7 GW), and develop distributed generation, said DTEK Executive Director Dmytro Sakharuk. He noted… Continue Reading

The number of EBA member companies operating at full capacity has decreased from 78% to 64% compared to the beginning of the year. In particular, 45% of the surveyed top managers assess their business as satisfactory and 27% as positive. The other 27% consider the current business situation… Continue Reading

After the tragedy that shook the world, more than 320,000 people from 55 countries and around 50 companies have donated to the needs of the hospital and to support its patients, including Piraeus Bank Ukraine, which contributed UAH 1,000,000 to the Tabletochki charity fund. The donations will… Continue Reading

Ukraine’s Foreign Minister Dmytro Kuleba has embarked on his first trip to China since the Russian invasion in 2022. China has served as an economic lifeline for the Kremlin since its invasion began. China is seen as one of Russia’s major backers in the wake of the 2022 invasion, although… Continue Reading

The EU has presented member states with two options to freeze Russian Central Bank assets for extended periods. It seeks to assuage US concerns over a G7 plan to leverage the profits from these assets in order to provide Ukraine with $50B in aid. The two options are an open-ended immobilization… Continue Reading

Prime Minister Denys Shmyhal announced that the Cabinet of Ministers plans to present a prepared list of public investment projects for 2025 to its partners in September. “Thus, in conditions of limited financial resources, we will effectively allocate funds to obtain the best result for the… Continue Reading

Ukraine climbed to 13th place in the ranking of the largest iron-producing countries and 21st place in the list of the largest steel producers. In the first half of the year, Ukraine produced 3.47 million tons of pig iron, 22.25% more compared to January-June 2023. Steel production in Ukraine… Continue Reading