Category: 9. Business

Civitta’s report notes that the Ukrainian startup ecosystem is showing stable and rapid growth despite difficult conditions. From 2013 to 2023, IT’s contribution to GDP increased by 470%. The study mentions Ukrainian startups that have reached unicorn status, such as Grammarly, GitLab, and… Continue Reading

Volodymyr Velychko, Deputy Chairman of the Supervisory Board of Centerenergo, noted: “Foreign partners believe that this winter will be the most difficult for our country in its entire history, even without considering potential new massive strikes on the energy infrastructure. According to… Continue Reading

Ukraine’s military urgently needs more surveillance, strike, and combat drones, but due to limited government resources drone manufacturers are looking for opportunities to export their products abroad to obtain funds to expand their production. According to Oleksandr Marikovsky, chairman of… Continue Reading

As noted by the Ministry of Energy, the intensity of Russian shelling of Ukrainian energy facilities in 2024 will significantly exceed the number of attacks on energy infrastructure in the previous years of the war. This year, the Russian Federation used a total of more than 1,000 weapons –… Continue Reading

EU countries and the European Parliament need to quickly explore all legislative procedures so that Ukraine can receive a new €35B loan, which is the EU’s share of the G7’s proposed loan, VP of the European Commission Maroš Šefčovič said at the European Parliament meeting. “These… Continue Reading

Thanks to a robust gas transportation and storage system, Ukraine can become Europe’s energy hub and the anchor of its energy security, said Oleksiy Chernyshov, head of the board of Naftogaz of Ukraine. According to him, the Europe’s creation of strategic gas reserves cannot be considered… Continue Reading

In September, Ukraine received the smallest amount of aid from its international partners since the full-scale war began, a €10M loan from the EBRD, after significant receipts in August ($8.5B). Before that, the next lowest monthly total was May 2024, when Ukraine received only a $20M loan… Continue Reading

The Vitagro group of companies, with assets in the agricultural, energy, processing, construction, and chemical industries, said that investors will create enterprises for pork and chicken processing, as well as place a complex to produce semi-finished meat products, sausages and canned goods… Continue Reading

The Ministry of Economy of Ukraine published an order to establish the Office of Green Transition under the Ministry to ensure the implementation of the National Energy and Climate Plan (NECP) for the period up to 2030. The main tasks of this office will be: preparing reports on the progress… Continue Reading

As noted by the ISW, Russian forces have lost at least five armored divisions since the start of the offensive operation to capture Avdiyivka in October 2023, as well as during intensified offensive operations in the west of the Donetsk region this summer. Previously, the Russian army was… Continue Reading