Category: 9. Business

Deputy Prime Minister for Recovery Oleksiy Kuleba stated during the International Transport Forum (ITF) that Ukraine is doing everything necessary to integrate into the European transport space and is calling on its partners to develop logistics routes. Prime Minister… Continue Reading

These are the private sector’s involvement, the regional dimension, European integration, and human capital development, said the Italian Ambassador to Ukraine Carlo Formosa. According to him, Italy seeks to define concrete results for each area in close cooperation… Continue Reading

Of the $50B planned to be provided to Ukraine from frozen Russian assets, the first tranche of $22B will be transferred in 2025, and the remaining funds will be received in 2026-2027, said Finance Minister Sergei Marchenko. However, if additional military needs arise,… Continue Reading

The Ministry of Economy reported that “Finland has been playing an important role in supporting Ukraine since February 2022, allocating €3.1B for defense and humanitarian assistance. Finland’s National Plan provides for participation in the reconstruction of… Continue Reading

President Volodymyr Zelenskyy signed a law on tax increases that are necessary to finance defense spending. The increases came into force on December 1. The total tax increases in 2024 will be about ₴8B ($195M). In particular, taxes for citizens and individual… Continue Reading

European wood-based panel manufacturer Kronospan has invested €200M in a new production line for oriented strand board (OSB) in the Rivne region. Over the past 20 years of operation in Ukraine, the company has invested almost €1B in Ukrainian production, of which… Continue Reading

As reported by Ukrainian real estate developer Avalon, in Lviv since 2022 the geography of buyers has significantly expanded, and about half of the transactions are made for investment purposes. This year, three categories of investors are active in the Lviv’s… Continue Reading

On the morning of November 28, Russia attacked energy facilities throughout Ukraine, leaving hundreds of thousands of Ukrainians without electricity, Energy Minister Herman Galushchenko said. As a result of the eleventh massive attack this year, facilities in several… Continue Reading

The incoming National Security Advisor to US President-Elect Donald Trump, Mike Waltz, is studying several options for ending the war between Russia and Ukraine. Among them are proposals from General Keith Kellogg, whom Trump appointed as special representative for the… Continue Reading

The Biden administration is preparing a new military aid package for Ukraine worth $725M. It will provide a variety of anti-tank weapons from American stocks. The package is also expected to include anti-personnel mines, drones, Stinger missiles, ammunition for HIMARS… Continue Reading