Category: 9. Business

Danylo Hetmantsev, head of Committee on Finance, confirmed that there are no plans to raise taxes in 2026, and that the shortfall in the state budget will be managed through alternative sources. He noted that the current year’s budget is short by ₴500B, but he is…

The international rating agency S&P Global announced Ukraine’s default on its GDP-linked bonds. On June 2, the Ukrainian government failed to make the required payment of $665M, which led to the bonds’ downgrade from CC to D.

“We do not expect payment during the…

According to the estimates, drone production will rise by 150%, increasing from one million last year to 2.5 million in 2025. The Ukrainian Ministry of Defense has allocated over $2.5B for 2024-2025 to support local drone manufacturers, working with 76 companies and…

Over the past three years, farmers have lost a significant portion of their machinery. According to the Institute of Agrarian Economics, last year agricultural enterprises had 22% fewer tractors, 13.5% fewer combines, and 12% fewer plows than in 2021. Meanwhile, domestic…

There, the Nova-Pak company employs cutting-edge technologies to create over 600 products, including spices and seasonings, which are distributed throughout Ukraine and successfully exported. The company has more than 150 employees and is also involved in shock-freezing…

Over the three years of the full-scale Russian invasion, prices in the primary housing market in Ivano-Frankivsk have increased the most, by 63%. During this time, the cost of a square meter in the city rose from $520 to $850, according to market experts. For comparison,…

Austrian energy firm Wien Energie, alongside Ukrainian UDP Renewables, aims to develop an industrial green cluster in Volyn featuring the hydrogen production facility. If realized, this initiative will mark Ukraine’s first industrial energy cluster centered around…

While the ongoing full-scale war is the primary cause for the drop in foreign investment Ukraine has experienced, there are additional barriers at play, according to Oleksandr Vodoviz, a senior executive at Metinvest Group.

“Before the war, large corporations secured…

US President Donald Trump has signed an executive order that will raise tariffs on steel and aluminum imports from 25% to 50% effective June 4. As evidenced by the executive order, Trump has concluded that increasing the tariffs was necessary to regulate imports of steel…

The Ministry of Development and Trade announced: “The total Japanese humanitarian, technical, and financial support we have received is approximately $15B. We also intend to actively involve Japanese businesses in Ukraine’s restoration efforts.”

Both countries are…