Category: 9. Business

EU ambassadors agreed on the 18th package of sanctions in response to Russia’s aggression against Ukraine. EU Foreign Minister Kaja Kallas described this package as “one of the toughest sanctions packages against Russia ever”. She explained that it further…

The Metinvest Group unveiled these large-scale projects at the URC2025 international conference in Rome. Both initiatives will be carried out at the Northern Mining and Processing Plant. The first project, costing $1.12B, involves starting the production of DR pellets, a…

Additionally, it will offer another $116M to strengthen the energy resilience of areas impacted by Russian attacks. The funds will be used to repair heat systems in cities where critical infrastructure has been heavily damaged, including Kharkiv, Sumy, Chernihiv,…

The Varus supermarket chain plans to allocate $30M over the next three years to create a separate technology platform for delivering food kits on a subscription basis. The company aims to shift from traditional retail to a service that will allow customers to order…

Roksolana Pidlasa, head of the parliamentary budget committee, said that after adopting amendments to Ukraine’s budget this year, its planned deficit will be $42B (based on the estimated exchange rate), and there is no reason to think it will decrease next year. As a…

The Polish Association of Oil Producers (PSPO), which represents 95% of the industry, has asked Prime Minister Donald Tusk to reverse the 2023 order banning Ukrainian rapeseed imports. The raw material shortage for the 2025-2026 season could reach at least 500,000 tons,…

Representatives of the Volyn Regional State Administration met with a delegation from Aldesa Polska, a Polish subsidiary of the Spanish construction group Grupo Aldesa. The company announced its intention to enter the Ukrainian market and considers Volyn in the Western…

DTEK’s CEO, Maksym Timchenko, said: “We are currently building onshore wind farms with a capacity of 500 MW – there are no such projects of this scale in Europe. We are also preparing a project in the Poltava region with a capacity of 650 MW.” He explained that…

The Ministry of Economy is currently working on legislative changes that will enable the privatization of shares in large state-owned companies, said the Minister of Economy, Oleksiy Sobolev. “We are currently preparing a new stage, and we are considering selling…

The Antimonopoly Committee of Ukraine has approved VI.AN Holding Limited (Cyprus), owned by Vitaliy Antonov (founder of OKKO Group), to take control of Kairos-Holding. OKKO Group stated that this acquisition is a logical step in its agricultural growth strategy,…