Category: 9. Business

Despite ongoing budgetary challenges, German authorities are preparing to enhance Ukrainian financial support by an additional €3B for 2026, as reported by Handelsblatt. The funding is anticipated to be allocated across both civilian and military projects. While the…

President Zelenskyy has stated that Ukraine will require an estimated $2B worth of gas for this year’s heating season, but the war-torn country still lacks approximately $750M to purchase the needed gas. Europe will contribute another €127M to support Ukraine in this…

According to UTG real estate market analysis, the number of representative offices belonging to international companies in Ukraine continues to decline in the third quarter. Currently, there are 616 such offices, down from 627 in 2021, before the full-scale war began….

Swedish billionaire Torbjorn Tornqvist, founder of Gunvor, has entered into an agreement to purchase all of Lukoil’s overseas holdings following the imposition of new US sanctions against the Russian oil conglomerate. The transaction involves Gunvor taking control of…

The transparent privatization processes of Ukrgasbank and Sense Bank are anticipated to encourage the return of international financial institutions to Ukraine’s banking sector. According to Olena Voloshyna, head of IFC Ukraine, current investor caution stems from…

On November 4, the Verkhovna Rada passed a law providing for tax-based compensation for capital investments, according to Deputy Chairman of the Committee on Economic Development Dmytro Kysylevsky. Investment projects eligible for compensation must be carried out within…

The Verkhovna Rada has approved, as a foundation, a draft law for energy sector infrastructure projects that serve the public interest. The law proposes amendments to several laws that are aimed at easing permit procedures for energy infrastructure projects. The Cabinet…

The EC released a report as part of the 2024 EU Enlargement Package, which evaluates the progress of all candidate countries seeking EU membership. According to the report, Ukraine has fulfilled the requirements to begin negotiations on Clusters 1, 2, and 6. The…

President Zelenskyy has announced that Kyiv plans to open arms export offices in the capitals of Germany and Denmark – Berlin and Copenhagen – before the end of the year. He emphasized that the expansion of exports will provide additional funding for the domestic…

Deputy Minister of Economy Taras Vysotsky forecasts that grain production will reach approximately 59 million tons this year, up from 56 million tons last year. The harvest of wheat and barley is complete, with yields close to last year’s totals, with 22-22.5 million…