Category: 9. Business

According to the National Bank, in August consumer inflation accelerated to 7.5% in annual terms (from 5.4% in July), as was expected. At the same time, core inflation increased more significantly than forecast due to the transfer of higher business costs for raw materials, energy, and labor… Continue Reading

The European Court of Auditors claims that the €1.5B budget planned by the EU for the development of the defense industry, as well as two years of other spending, is insufficient in the face of the challenges associated with the Russian aggression. “The instrument for supporting Ukraine,… Continue Reading

The head of the Parliamentary Committee on Urban Development, Olena Shulyak, noted that according to preliminary estimates, more than 50% of Ukraine’s housing stock was destroyed or damaged, and some cities have almost no residential buildings left. Therefore, decisions on their restoration… Continue Reading

Macroeconomic indicators of the Ukrainian economy in 2024 show growth, but positive dynamics are slowing down. The growth potential represented by the economic recovery from the fall in 2022 has been exhausted. Real GDP in the second quarter of 2024 increased by 0.2% compared to the previous… Continue Reading

The Bayer international concern, which previously announced an investment of €60M, revealed the details of its priority investment areas in Ukraine. The announced investments are aimed at expanding the capacity of the Bayer seed plant in the Zhytomyr region. In particular, the company plans… Continue Reading

In 2024, the Norwegian government plans to allocate about $23.6M (NRK 250M) to investments in Ukraine. Capital provided through Norfund will reduce risks for companies investing in Ukraine, particularly Norwegian companies. The Norwegian government also plans to continue this initiative in the… Continue Reading

The Cabinet of Ministers approved the signing of two special investment contracts within the framework of the support program for projects with significant investment, known as the investment nanny. The first contract will be concluded with Astarta-Kyiv and Astarta Agro Protein. Astarta plans… Continue Reading

NATO Secretary General Mark Rutte, during his first foreign visit to Kyiv at a press conference following a meeting with President Zelenskyy, confirmed that the Ukrainian issue will be his key priority while in office. The visit to Ukraine was his first working trip after assuming the position… Continue Reading

German Chancellor Olaf Scholz has assured Ukraine that it will receive a $50B loan secured by frozen Russian assets, and Kyiv’s support from its allies will not weaken. Scholz describes the loan as a “quite conscious promise of stability for Ukraine,” which will provide the necessary… Continue Reading

The US hopes for a quick start to a diplomatic settlement of Russia’s war against Ukraine, said US Deputy Secretary of State Kurt Campbell. He noted that awareness that some issues will have to be resolved at the negotiating table is gradually strengthening. “I hope that at some point soon… Continue Reading