Category: 9. Business

The Ukrainian Parliament adopted in the first reading a draft law that establishes the foundations for the phased integration of Ukraine’s electricity market into the EU’s single energy space. This draft law is based on nine key EU regulatory acts governing energy…

A 200 kW solar power plant installed by furniture manufacturer Pavlyk M from Transcarpathia has saved €19,400 in just three and a half months of operation. The factory, which exports products to over 15 countries, consumes about 300 kW per hour, with 200 kW of that…

According to Defense Minister Denys Shmyhal, Ukraine will require at least $120B for its defense needs in 2026, and efforts are currently underway with EU and NATO member states to secure half of this amount through support from allies.

The new Defense Minister outlined…

At the 29th Ramstein format meeting, which was attended by 52 countries and organizations, Ukraine’s international partners confirmed their support for Ukraine in its fight for freedom and peace. The US, Canada, and EU countries announced additional assistance packages…

According to a survey of banking market players by the NBU, banks increased their customer acquisition and wholesale funding in the second quarter. The rise in the average cost of funding in the second quarter was mainly due to increased costs in retail funds, while the…

Odesa Deputy Mayor Anna Pozdnyakova stated that a waste processing plant with a price tag of over $300M will be built in the Peresypsky district of the city under an intergovernmental agreement with South Korea. The project will follow the Korean WtE (waste to energy)…

The Ukrainian Council of Gunsmiths and the French Land and Airland Defense and Security Industries Association (GICAT) have signed a memorandum of strategic cooperation, marking a new chapter in the relationship between their defense sectors. GICAT represents 480 French…

The National Security and Defense Council has established a ban on inspections by law enforcement, customs, tax, and other regulatory agencies during martial law. Going forward, inspections will only occur on a spot basis in high-risk areas, particularly those involving…

Berlin and Washington concur that Ukraine should receive five Patriot air defense systems as soon as possible, German Defense Minister Boris Pistorius said during the 29th meeting in the Ramstein format, attended by more than 50 of Kyiv’s allies, including the US. He…

As Ukrainian Defense Minister Denys Shmyhal stated at the 29th Ramstein-format meeting, this amount is necessary to address this year’s weapons deficit. He noted that this funding would enable Ukraine to ramp up production of FPV drones to sustain the front line,…