A Ukrainian manufacturer and developer plans to restart building the NUVO complex on Zhylyanska Street next year, said company CEO Serhiy Pylypenko. He explained that before the war, Kovalska had been ready to start construction and possessed permits for the first two…
Category: 9. Business
-
Retail development: Zhytomyr’s shopping mall is expanding and will become the largest in the region, while Kyiv’s Ocean Plaza is working to bring back Polish brands.
Zhytomyr’s Global UA shopping mall plans to add a second phase covering 19,590 square meters. With this expansion, the shopping center will become the largest in the area, totaling 142,000 square meters. The opening of the second phase is expected in 2026-2027. This…
Continue Reading
-
Although Russia attacks Ukraine daily, Washington has halted the delivery of missiles used in air defense and ammunition to Kyiv.
The Pentagon has stopped supplying some air defense missiles and other precision munitions to Ukraine that were promised by Biden administration. The decision was made due to concerns that US arsenals have become depleted. US Defense Secretary Pete Hegseth directed that…
Continue Reading
-
Rutte: Kyiv will need continued military support from Washington, which is moving away from the war.
“When it comes to Ukraine in the short term, Ukraine cannot do without all the support it can get. Last week, President Trump and President Zelenskyy discussed this, focusing specifically on air defense,” said NATO Secretary General Mark Rutte.
He added that support…
Continue Reading
-
Russia pushes deeper into Ukraine as the world is distracted by the Middle East, allowing Russian troops to make the most territorial gains in 18 months.
While the US and the international community watch the recent escalation between Iran and Israel, Vladimir Putin moved quickly to escalate hostilities in Ukraine. According to analysts, in June Russian forces took more Ukrainian territory than in any month since November…
Continue Reading
-
Germany will fund the production of over 500 long-range weapons in Ukraine.
Representatives of the German government have already signed the first contract to finance the Ukrainian production of these weapons after German Chancellor Friedrich Merz promised to help Kyiv with their development. The project includes the production of over 500…
Continue Reading
-
Mortgage lending increased by 5% in April.
Ukrainian banks issued 458 mortgage loans totaling ₴834.8M in April, a 5% increase from March, according to NBU data. Specifically, 261 loans for ₴492.3M were granted in the primary real estate market, while 197 loans for ₴342.5M were issued in the secondary…
Continue Reading
-
The Vienna Institute for International Economic Studies (wiiw) forecasts a worsening outlook for Ukraine.
According to a new projection by the Vienna-based economic research institute, annual GDP growth slowed to 1% in the first quarter of 2025, down from 2.9% last year. For 2025, wiiw predicts growth of 2.5%, which is 0.5% lower than their spring forecast. Positive signs…
Continue Reading
-
High electricity prices could shut down Ukraine’s largest steel mill.
ArcelorMittal Kryvyi Rih, Ukraine’s biggest steel plant, faces closure because of soaring electricity costs, said the company’s financial director, Pavlo Zadorozhny. He stated that the company has been losing money for the past four years, and that support from the…
Continue Reading
-
Ukraine is establishing a municipal housing fund.
The Ukrainian government has initiated a pilot project to develop a municipal rental housing program. Priority will be given to veterans, the relatives of fallen defenders, military personnel, internally displaced persons, orphans, teachers, doctors, and utility workers….
Continue Reading