KMZ Industries, a company that produces elevator equipment, observes that in Ukraine, despite the challenging situation and general market pressures, the construction of new elevators and the expansion of existing facilities continues, with demand for construction…
Category: 9. Business
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Ukrbud, the state-owned construction company, was sold for ₴805M as part of a large-scale privatization.
The auction winner was the Petro Oil and Chemicals company, owned by Georgian citizen David Bezhuashvili. He offered a price 200% higher than the starting price of ₴262.6M (excluding VAT). The Cabinet of Ministers included Ukrbud in the list of large-scale…
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The NBU predicts a 20-25% increase in lending this year, with banks utilizing ₴1T in resources.
As reported by Kateryna Rozhkova, Deputy Head of the National Bank, it is expected that bank loan portfolios will grow by approximately 20-25% this year, which would balance investments in government bonds.
“From the point of view of business credit metrics, such as…
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The Ukrainian Parliament has passed a law regarding multiple citizenship.
This is a significant change, as Ukrainian law had prevented individuals from holding citizenship from more than one country, which forced Ukrainians to renounce their citizenship in order to acquire a foreign passport, and required foreigners to do the same to hold a…
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During the G7 summit, Russia launched a massive attack on Kyiv and nearby regions using missiles and drones.
On June 17, Russia carried out a barbaric airstrike, targeting civilian infrastructure in Kyiv, Odesa, and eight other areas. Damage occurred to apartment buildings, dormitories, and kindergartens, with a residential building in Kyiv partially destroyed, and left 1,148…
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The Slovak government has given its support to Ukraine’s EU accession.
Slovak Prime Minister Robert Fico has backed Ukraine’s EU membership, emphasizing that all conditions must be satisfied.
“The Slovak government wishes Ukraine European development. If Ukraine wants to join the EU, this is its sovereign decision, and we support this…
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Ukraine opens a key lithium deposit to private investors under the mineral deal with the US.
The Ukrainian government has taken the first practical step toward implementing agreements with the US on cooperation in critical raw materials. This entails preparations to open the Dobra lithium deposit in the Kirovohrad region to private investors. The Dobra deposit,…
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The conflict between Iran and Israel has made it more challenging for the EU to lower the price cap on Russian oil.
Last week, the European Commission included a proposal in the draft of its Russian sanctions package to lower the price cap on oil from the current $60 per barrel to $45. Some member states that support the cap are worried that the proposal may lack the necessary…
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Germany has no plans to launch Russia’s Nord Stream, despite American efforts.
The German government does not intend to restart the Nord Stream 1 gas pipeline, used to transport Russian gas, or to launch Nord Stream 2, said Deputy Government Spokesperson Sebastian Hille. This statement followed reports that the pipeline operator’s debt, Nord…
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Foreign direct investment has fallen to its lowest level since 2005.
According to the World Bank, the flow of foreign direct investment to developing countries has decreased due to an increase in global trade barriers.
“What we are seeing is the result of government policy. It is no coincidence that foreign direct investment is falling…
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