Category: 9. Business

According to Minister of Economy Yulia Svyrydenko, in April the government approved a procedure for using funds to support projects with significant investment within the framework of the Made in Ukraine program. It can be used by investors who plan to implement a project worth €12M or more… Continue Reading

Ukrnafta CEO Serhiy Koretskyi said that the company plans to build gas piston installations with a capacity of at least 1,000 MW. For this, the company will use its own funds and borrow funds from Ukrgasbank, Sense Bank, and Oschadbank. “We plan to build approximately 1,000 MW of such… Continue Reading

In January-June, Ukraine exported $10.97B worth of goods to the EU, which is 9.7% less than the same period last year, the Ministry of Economy reported. EU exports decreased the most to neighboring states: Poland – by 25.7%; Slovakia – by 21.3%; Hungary – by 67.2%; Romania – by 50.2%…. Continue Reading

This opinion was expressed by the Vice President of the Kyiv School of Economics, Elina Rybakova, who added that the Russian economy is overheated, but it is difficult to achieve a crisis if the West does not block Russian oil exports. Yes, if oil prices drop to $40 tomorrow, a crisis will… Continue Reading

The head of the parliamentary committee on regional development, Olena Shulyak, said that every community will find advantages for itself in each component of the Ukraine Facility program, under which Ukraine will receive €50B from the EU until 2027 for its recovery needs. However, only the… Continue Reading

Elevator equipment manufacturer KMZ Industries concluded a partnership agreement with the leading insurance company in Ukraine, ARX, regarding the provision of insurance services for elevator complexes against military risks. This coverage will allow elevator owners to receive financial… Continue Reading

Due to the full-scale war, 7% of Ukrainians left their permanent place of residence and have not returned, 18% moved but returned, and 73% did not leave their homes, according to a study by the EBA. Among the business community, represented by employees of EBA member companies, 48% remained at… Continue Reading

Prime Minister of Hungary Viktor Orban arrived in Kyiv on July 2 for a meeting with President of Ukraine Volodymyr Zelenskyy for the first time in the last 16 years. This visit took place as Hungary settles into the presidency of the Council of the EU. Budapest has repeatedly opposed… Continue Reading

US Defense Secretary Lloyd Austin said his country will soon provide a new $2.3B defense aid package for Ukraine that will include anti-tank weapons, Patriot missiles, and other air defense system munitions. “Together with approximately 50 allies and partners, we will continue to provide the… Continue Reading

Russia’s ability to advance indefinitely in Ukraine will encourage Putin to prolong the war, ISW analysts say. Putin believes that the longer the war lasts, the more likely he is to achieve his goals. Therefore, experts advise the West to quickly provide Ukraine with sufficient support for a… Continue Reading