Category: 9. Business

According to the Ministry of Finance, Ukraine needs another $9.5B this year to finance its priority recovery needs. In particular, the money is needed for the defense industry, the energy system, restoration of damaged housing, agriculture, natural resources, digital technologies, and the IT… Continue Reading

The government approved using state funds for decarbonization and energy-efficient transformation. This will occur through an additional ₴759M ($19M) program to support energy efficiency and strengthen the stability of Ukraine’s energy system. The funds will primarily be used to reduce loan… Continue Reading

The signed agreement on the liberalization of cargo transportation between Ukraine and the EU contains clear obligations for all parties and necessary measures that will prevent misunderstandings between transporters of Ukraine and European countries, European Commissioner for Transport Adina… Continue Reading

Artem Nekrasov, the Head of the state-owned enterprise Guaranteed Buyer, stated that, “More than 30 new wind generation projects are currently being built in Ukraine. Among the investors are Ukrainian, Turkish, and German companies. Estimated dates for the launch of some of them are 2025 and… Continue Reading

According to the Ministry of Economy, in May 2024 Ukraine’s GDP increased by 3.7%, and in January-May 2024, by 4.3%. GDP growth continued thanks to high export rates supported by the stable operation of the Ukrainian maritime corridor and high demand for construction services, which is driven… Continue Reading

The new measures include a ban on the transshipment of Russian liquefied natural gas and a plan to hold EU operators responsible for sanctions violations by their subsidiaries and partners in third countries. It is noted that this package of sanctions against Russia targets the… Continue Reading

The State Property Fund of Ukraine (SPFU) is preparing the Kozatskyi Hotel in Kyiv on Independence Square for privatization with a starting price of ₴155.4M ($3.8M). The hotel has a total area of ​​9,513 square meters. The hotel has a café, restaurant, 126 rooms, and five conference… Continue Reading

Hungary’s representative in the EU, Odor Balint, said that Hungary, as the head of the EU Council, wants to “balance” the bloc’s expansion processes to promote the integration process for the countries of the Western Balkans and plans to hold an EU-Western Balkans summit. Regarding the… Continue Reading

Banks in Ukraine have maintained financial stability and their clients’ trust while increasing lending and their participation in financing the budget deficit, the NBU reported. The regulator states that the economy generally remains resistant to war shocks, and the government’s gradual… Continue Reading

Following the NBU’s reduction of the discount rate to 13% and the introduction of its lending strategy, banks will be able to significantly reduce interest rates on loans for enterprises in strategic economic sectors, according to the Deputy Chairperson of the Board of Globus Bank, Olena… Continue Reading