Category: 9. Business

USAID Administrator Samantha Paver reported that more than 250,000 people in our country need rehabilitation support during her third visit to Ukraine since the full-scale war began. Therefore, USAID has decided to launch a new rehabilitation program with a $13M budget, which will be used to… Continue Reading

Since the beginning of the full-scale invasion through July 2024, the total amount of Ukraine’s indirect losses, including current and projected losses of revenue and added value, is estimated at $1.164T and $385.7B, respectively, by the Kyiv School of Economics (KSE). The productive sectors… Continue Reading

Speaking at the Warsaw Security Forum, the Minister of Foreign Affairs of Latvia, Baiba Braže, said that Ukraine will have NATO’s second strongest army on the European continent after joining the Alliance. It is surpassed only by large military players like the US and Turkey. During the same… Continue Reading

A drop in oil prices to $40 per barrel within a year would lead to Russia lacking funds to wage its war against Ukraine, said former Russian Prime Minister Mykhailo Kasyanov at the Warsaw Security Forum. He added that revenues from oil and gas exports accounted for 45% of federal budget… Continue Reading

The current version of the draft law provides for an increase in the military tax from 1.5% to 5%, a 50% tax on bank profits in 2024, and 25% for non-bank financial institutions. The bill foresees additional revenue of ₴58B in 2024 and ₴137B in 2025. However, business believes that the… Continue Reading

Saudi Arabia will collapse oil prices to $50 per barrel if OPEC+ member countries continue to violate production limits, the country’s oil minister, Abdelaziz bin Salman, warned during a conference call. He emphasized the role played by two states in violating the agreements. These states are… Continue Reading

The National Energy Regulator of Ukraine approved a draft resolution of amendments to the Code of Gas Distribution Systems. It unifies technical conditions for connecting biomethane production facilities to gas distribution networks. With a contractual agreement, producers of biomethane or… Continue Reading

Jysk, an international home furnishing retailer, is opening a new store in Chernivtsi on Thursday, October 3, said Yevhen Ivanitsa, the Country Director in Ukraine. Since the start of the full-scale invasion in 2022, the company has invested UAH 400M ($10M) in opening 20 new stores, remodeling… Continue Reading

Primary housing market dynamics are currently showing growth after their collapse in the first year of the war when the pace of construction fell by an average of 65%. Since the beginning of the full-scale invasion, sales have started in 481 residential complexes. Almost a third of the total… Continue Reading

According to research by the Ribas Hotels Group, the country’s tourism industry is actively recovering despite the challenges associated with the war, the COVID-19 pandemic, and the annexation of Crimea. Since 2013, the number of collective accommodations in Ukraine has decreased annually by… Continue Reading