While the US and the international community watch the recent escalation between Iran and Israel, Vladimir Putin moved quickly to escalate hostilities in Ukraine. According to analysts, in June Russian forces took more Ukrainian territory than in any month since November…
Category: 9. Business
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Germany will fund the production of over 500 long-range weapons in Ukraine.
Representatives of the German government have already signed the first contract to finance the Ukrainian production of these weapons after German Chancellor Friedrich Merz promised to help Kyiv with their development. The project includes the production of over 500…
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Mortgage lending increased by 5% in April.
Ukrainian banks issued 458 mortgage loans totaling ₴834.8M in April, a 5% increase from March, according to NBU data. Specifically, 261 loans for ₴492.3M were granted in the primary real estate market, while 197 loans for ₴342.5M were issued in the secondary…
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The Vienna Institute for International Economic Studies (wiiw) forecasts a worsening outlook for Ukraine.
According to a new projection by the Vienna-based economic research institute, annual GDP growth slowed to 1% in the first quarter of 2025, down from 2.9% last year. For 2025, wiiw predicts growth of 2.5%, which is 0.5% lower than their spring forecast. Positive signs…
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High electricity prices could shut down Ukraine’s largest steel mill.
ArcelorMittal Kryvyi Rih, Ukraine’s biggest steel plant, faces closure because of soaring electricity costs, said the company’s financial director, Pavlo Zadorozhny. He stated that the company has been losing money for the past four years, and that support from the…
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Ukraine is establishing a municipal housing fund.
The Ukrainian government has initiated a pilot project to develop a municipal rental housing program. Priority will be given to veterans, the relatives of fallen defenders, military personnel, internally displaced persons, orphans, teachers, doctors, and utility workers….
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Finland’s largest fast-food chain invests €12M to open 10 restaurants in western Ukraine.
Hesburger, the leading fast-food chain in Finland, plans to open at least 10 outlets in western Ukraine over the next five years. The total investment for the project will reach €12M. Founded in 1966, Hesburger has grown to include over 480 restaurants across nine…
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A company from Lutsk, with government support, invested €5.5M in producing frozen semi-finished products and animal feed.
The Opos-Torg company, which is involved in wholesale trading of meat and fish, invested €5.5M, including €4M during the war, to build a new plant in the Volyn region. The plant will produce frozen semi-finished meat products and freeze-dried animal feed under the…
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The World Bank suggests that UZ should develop container transportation to prepare for future economic changes.
WB analysts pointed out that Ukrainian Railways (UZ) needs to enhance and reform its operations to meet upcoming economic shifts and the opening of the rail freight market.
“In the medium term, demand for raw materials and goods traditionally transported by rail may…
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Ukraine has lost 40% of its working-age population, forcing employers to increase salaries and hire pensioners.
The war has caused a significant decline in the country’s workforce. Currently, around 1.7 million Ukrainians who used to work domestically are now abroad, according to Deputy Minister of Social Policy Daria Marchak. She highlighted a severe demographic crisis…
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