Category: 9. Business

Ukraine’s memorandum with the IMF says that the Ukrainian authorities plan to create a specialized bank to ensure access to financial services for residents in remote settlements, de-occupied territories, and front-line zones. This bank will work based on existing infrastructure, particularly… Continue Reading

As PrivatBank noted, these dynamics will be determined by the reduction of the NBU’s discount rate. A member of the NBU board, Yevhen Zaigraev, noted that the situation with client funds reflects the “temperature” in the economy and the level of business activity. “We see a gradual… Continue Reading

Taras Vysotskyi, the Head of the Ministry of Agrarian Policy, said that in terms of production volumes, the marketing year 2023/2024 showed a record yield. He noted: “In 2023, the average grain yield was 55.2 centners per hectare. The previous best figure was in 2021 (53.9 centners per… Continue Reading

According to the collective terms of the security agreements signed with 20 countries, Ukraine’s partners plan to provide total military support of $60B annually in the next four years. “This is a unique story that opens up new opportunities for cooperation in the defense sphere and… Continue Reading

This summer, the European Council hopes to direct to Ukraine the first revenues from profits generated by the assets of the Russian Central Bank, which were blocked in Europe after the Russian full-scale invasion. In addition, the European Council instructed the executive structures of the EU… Continue Reading

The Board of Directors of the IMF completed the fourth review of the Extended Fund Facility for Ukraine (EFF), deciding to allocate about $2.2B to budget support. “Despite the difficult conditions, Ukraine’s indicators within the framework of the EFF program remain high. All performance… Continue Reading

Ukraine has already fulfilled 23 of the 37 requirements involving reforms and legislation changes. Among them are two new ones: changing the Criminal Procedure Code by the end of October to allow the Specialized Anti-Corruption Prosecutor’s Office to manage requests for extradition and mutual… Continue Reading

As part of a new $150M aid package, the Biden administration will provide Ukraine with, among other things, HAWK anti-aircraft interceptor missiles, said US officials. In addition, the US, Israel and Ukraine are negotiating to potentially supply Kyiv with eight Patriot air defense systems. In… Continue Reading

In the first quarter, the volume of construction work increased by 40.3% year-on-year, according to the State Statistics Service. Growth in January was 18.1%; in February, it accelerated to 20.7%; in March, an even stronger result was recorded with an increase of 69.3%. The construction of… Continue Reading

According to the director of the National Association of Extractive Industries of Ukraine, Ksenia Orinchak, these deposits include titanium ores, kaolin, iron ore, and graphite, and Russia started this war to obtain access to such resources. “The most intense hostilities continue exactly… Continue Reading