Category: 9. Business

Ukraine aims to produce half of the weapons used by its armed forces domestically, including drones, armored vehicles, and ammunition. Since the start of the full-scale invasion, weapons production in Ukraine has increased 35-fold, and the country still has the potential…

On July 21, explosions illuminated the night sky, and the high-pitched whine of drone engines echoed through Kyiv during an attack that Ukraine’s air force reported as 426 drones and 24 missiles launched, with 23 drones striking targets across the nation. Many…

According to the Russian Ministry of Energy, oil companies in Russia face delays in repairing refineries due to sanctions. These repairs are slowed by equipment supply chain issues.

Meanwhile, Minister of Petroleum and Natural Gas of India Hardeep Singh Puri is confident…

Metinvest Group received a €23.6M credit line from Deutsche Bank for 11.5 years to upgrade the Northern Mining and Processing Plant, including purchasing equipment from Finnish industrial manufacturer Metso Finland for a tailing thickening project.

“The agreement is…

Ukrainian Prime Minister Yulia Svyrydenko said that during French Foreign Minister Jean-Noel Barrot’s visit to Kyiv, they discussed cooperation in defense, finance, reconstruction, and sanctions policy.

“Our French colleagues saw how Kyiv is living after the night…

VEON, which owns Kyivstar and plans to indirectly list the company on the US NASDAQ stock exchange this year, initially wanted to also offer shares within Ukraine. However, regulatory obstacles are hindering this, according to VEON co-founder Ogi Fabela.

“My dream is…

According to an EBRD study, 47% of small and medium-sized businesses (SMEs) in Ukraine experienced a decline in profits in 2024, while 17% saw their profits increase. Despite the profit decrease, 66% of service companies continued investing in their businesses. In the…

Due to hot weather and scheduled repairs at nuclear power plants – work is being done on three of the nine existing units – an electricity shortage has emerged in Ukraine, said Volodymyr Omelchenko, director of energy programs at the Razumkov Center.

“On the…

The Euroclear financial group, which includes the depository of the same name and Euroclear Bank, earned €2.7B from Russian assets frozen due to EU sanctions during this period. This is 21% less than in the same period of 2024. In the first quarter, frozen Russian…

The State Agency for Energy Efficiency, along with Ukrgasbank and Sens Bank, are starting a new initiative to reduce the cost of loans for the implementation of energy-efficient solutions, modernizing energy systems, and developing alternative energy sources. The goal of…