Category: 9. Business

According to NBU department director Pervin Dadashova, the NBU is finalizing work on a draft law that will establish a full-fledged military insurance system, which, for the first time, will focus on the insurance of retail products for businesses and the public. Such diversification reduces… Continue Reading

Director of the Defense Procurement Agency of the Ministry of Defense, Maryna Bezrukova, believes that Ukrainian companies should be able to export a portion of the weapons they produce. She confirmed that many manufacturers have not received orders from the state due to a limited budget…. Continue Reading

“Investment projects for the construction of one GW of electricity will cost from $700M using gas piston or gas turbine technologies and up to $1.5M for, for example, wind power,” said Oschadbank’s top manager. “We need to build 8-9 GW.” Ukraine’s entire banking system will only be… Continue Reading

The Edinburgh-headquartered startup Wordsmith, which is developing a legal assistant that utilizes artificial intelligence, raised $5M. Index Ventures led the seed round with the participation of General Catalyst, Felix, Yellow and S16vc. The startup is focused on the European and British… Continue Reading

This document becomes an addition to the G7 Joint Declaration agreed to a year ago at the previous Alliance summit in Vilnius. Among the 32 signatories to the treaty, 23 countries have also concluded bilateral security agreements with Ukraine. “In the short term, we will continue to provide… Continue Reading

NATO Secretary General Jens Stoltenberg stressed that Ukraine has a legal right to use weapons received from its partners to target legitimate military targets in Russian territory in order to repel the Russian invasion. “According to international law, Ukraine has the right to self-defense… Continue Reading

British Prime Minister Keir Starmer and US President Joseph Biden confirmed that they will continue providing Ukraine with all possible support to prevent the victory of aggressors such as Putin. At the final press conference after the NATO summit in Washington, US President Joe Biden confirmed… Continue Reading

State company Ukrenergo will buy electricity in advance from businesses building distributed generation facilities, even those under construction, said Chairman of the Management BoardVolodymyr Kudrytskyi. “We will enter into a contract with yet-to-be-built power plants for five years ahead…. Continue Reading

DTEK Renewables Finance B.V. successfully negotiated with its investors, and they agreed to extend payments on green Eurobonds for three years – from November 2024 to November 2027. The bondholders also supported the 384 MW second stage of construction for the Tyligul wind farm, given its… Continue Reading

In June, Ukraine’s GDP grew by 1.1% compared to June last year. However, Ukraine’s economic growth continues to slow down – in May, GDP grew by 3.7%, in April – by 4.3%. The Ministry of Economy notes that the main factor in the slowdown in the economy’s growth rate was power outages,… Continue Reading