According to the NBU, as of April 1 ₴1.392T was held in banks and protected by the Deposit Guarantee Fund (DGF). Since the start of the year, this amount has hardly changed (+₴0.6B). Meanwhile, in 60 banks participating in the DGF, there were 70.4 million deposits…
Category: 9. Business
-

Due to the war, Dragon Capital’s real estate portfolio was reduced by 200,000 square meters, with losses amounting to nearly $65M.
The largest investment company in Ukraine currently holds approximately 600,000 square meters in its real estate portfolio, down from its peak of 800,000 square meters, said Tomasz Fiala, the founder and CEO of Dragon Capital. He noted that since 2016, the company had…
Continue Reading
-

The European Commission has revised its economic forecast for Ukraine, lowering its GDP growth prediction for 2025 from 2.8% in November to 2%.
This adjustment is attributed to ongoing war pressures that severely impact production capacity and business confidence. For 2026, the GDP growth forecast has been decreased from 5.9% to 4.7%. A decline in exports is expected, driven by decreasing industrial output,…
Continue Reading
-

Experts predict an upcoming surge of mutual investment between Ukraine’s agriculture sector and that of the EU.
Emphasizing the Ukrainian agricultural focus on European markets, Alex Lissitza, president of the Ukrainian Agrarian Business Club, observed that Ukrainian farmers are collaborating on joint projects with their counterparts in the EU, particularly in Romania, Poland, and…
Continue Reading
-

Ukraine’s top construction companies’ revenue increased by 41% last year, while profit rose by 60%.
The top ten companies in the construction sector generated over ₴49B in revenue in 2024, which is 41% more than in 2023. The combined profit of the industry leaders surged by 60%, reaching ₴3.09B ($74M). A significant portion of the leaders’ income comes from five…
Continue Reading
-

Finland will provide Ukraine with ammunition sourced from frozen Russian assets, following a €90M agreement.
Finland has been selected as one of the implementing nations in an initiative in which the EU will aid Ukraine with defense resources derived from these frozen assets. Helsinki plans to acquire heavy ammunition from local manufacturers to send to Kyiv. The Finnish…
Continue Reading
-

Ukraine and Russia negotiated in Istanbul, during which Moscow made unreasonable demands.
The talks lasted around two hours, with Russia presenting expectations that were excessively ambitious compared to earlier discussions. Additionally, Russia threatened to “fight forever” and take control of two more regions – Sumy and Kharkiv. Kremlin…
Continue Reading
-

Today, Trump will engage in discussions with Putin as the US aims for peace.
On May 17, US Secretary of State Marco Rubio delivered a “strong message” from Donald Trump to Russian Foreign Minister Sergei Lavrov, emphasizing the White House’s commitment to a lasting resolution to the Russian-Ukrainian conflict.
“The US’s comprehensive…
Continue Reading
-

After the Istanbul talks, Russia intensified its attacks against Ukraine, launching about 300 drones.
On the night of May 18, the aggressor conducted attack on Ukraine, utilizing 273 drones in one night, a record amount. Ukraine’s air defense destroyed 88 drones, while another 128 decoy drones were defeated through electronic warfare. The Kyiv region suffered from this…
Continue Reading
-

The US will enact a legal ban on recognizing Ukrainian territory as part of the Russian Federation and assert new sanctions.
Senators-democrats Michael Bennett, Dick Durbin, and Jeff Merkley have introduced a bill aimed at officially prohibiting US recognition of the occupied Ukrainian regions as Russian territory. US Secretary of State Marco Rubio stated that if there is no advancement in…
Continue Reading
