A Norwegian developer of renewable energy projects, Fenix Repower, plans to install two facilities with 9-12 turbines each, generating seven MW of electricity per turbine. Regional authorities have pledged their full support for this project, given that amid…
Category: 9. Business
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Ukrainian logistics are recovering: The number of businesses in the sector doubled in the third quarter.
Despite the war and the destruction of infrastructure, the Ukrainian transport and logistics industry continues to adapt and grow. As of early October 2025, there were 260,400 combined Ukrainian companies and individual entrepreneurs (FOP) operating in this sector. The…
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Business can now receive up to ₴10M: The Cabinet of Ministers introduces a mechanism for war loss compensation.
The Cabinet of Ministers has approved decisions that will enable the launch of a war risk compensation mechanism for businesses. Specifically, companies from the frontline territories will be able to get up to ₴10M ($0.25M) in compensation for property damaged or…
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Ukrainian dairy companies are investing in a new hard cheese production plant with a daily processing capacity of 100 tons of milk.
Ukrainian companies Agroprodservice and Molokiya will jointly build this plant, said Agroprodservice’s top manager Taras Baran. “The first calculations have already been made. The enterprise will process approximately 100 tons of milk per day and produce about 10…
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Trump defies Putin by imposing sanctions on Russian oil giants.
On October 22, the United States announced sanctions on major Russian oil companies and urged Moscow to immediately agree to a ceasefire. The sanctions were introduced in response to Russia’s disinterest regarding the peace process. This move increases pressure on…
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Trump canceled his meeting with Putin in Budapest, but the summit might still happen at a later date.
US President Donald Trump canceled a meeting with Vladimir Putin, which was supposed to take place in Budapest, due to Putin’s refusal to work toward an end to the war. However, Trump expects to hold this meeting later, when Russia shows more willingness to discuss…
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The US Senate has approved three crucial bills in support of Ukraine.
The Senate Foreign Relations Committee has endorsed these important bills aimed at increasing pressure on Russia and assisting Ukraine, Ukrainian Ambassador to the US Olha Stefanishyna reported. The first bill would label Russia as a state sponsor of terrorism if it does…
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The NBU has kept the key policy rate at 15.5% for the fifth consecutive time and has lowered its forecast for Ukraine’s GDP growth.
The National Bank of Ukraine decided to maintain the discount rate at 15.5%, explaining that despite declining inflation, inflation expectations remain high, and pro-inflationary risks are rising due to increases in energy deficits and government spending needs. The…
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Piraeus Bank has joined an initiative that supports entrepreneurs which involves issuing state guarantees across a portfolio.
The Cabinet of Ministers approved a draft resolution to provide these guarantees, offering nearly ₴15B ($357M) to 17 banks that successfully completed the selection process. These banks include Piraeus Bank, Oschadbank, Ukreximbank, Ukrgasbank, PrivatBank, FUIB,…
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Belgium threatens to block Kyiv’s reparation loan and sets certain conditions for it to be issued.
Belgian Prime Minister Bart De Wever has outlined the requirements that the European partners must meet before a decision is made to provide Ukraine with a reparation loan backed by frozen Russian assets, a significant portion of which is held in the Belgian Euroclear…
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