Category: 9. Business

Ukraine’s tourism sector has matched its pre-war income totals and continues to grow. In the first quarter, the budget was boosted by nearly ₴799M from tourism, which is 30% more than the same period in 2024 (₴616M) and nearly double the amount from the first…

Viktoria Pazychuk, a plant manager at Kromberg & Schubert Ukraine, stated that by 2025 the company will be the largest employer in the region. Currently, it employs 5,500 people in Volyn, with the total exceeding 6,000 including mobilized workers. Pazychuk highlighted…

Deputy Mayor Vasyl Novachok reported that the city aims to develop a thermal power plant that will operate on RDF fuel composed from waste. Preliminary estimates suggest the future CHP will produce two MW of electricity and eight MW of thermal energy. This will help the…

The Alliance would benefit from Ukraine’s membership, as it would enhance its strength and bring valuable battle-tested innovation. However, Zelenskyy stated that Ukraine’s NATO accession is unlikely to happen soon. He highlighted that NATO gains from having Ukraine…

Ukrainian President Volodymyr Zelenskyy urged the Alliance to act quickly, as Russia’s war against Ukraine enters one of its most critical phases.

“We believe that starting in 2030, Putin may have even greater opportunities. Today, Ukraine is holding him back,” the…

President Volodymyr Zelenskyy declared at the Defense Industry Forum in the Netherlands that “Our defense industry’s potential exceeds €35B, yet 40% remains unfunded, which is a major issue. For instance, we could produce approximately eight million diverse drones…

Oil prices dropped sharply after US President Donald Trump announced a ceasefire between Israel and Iran (although it was soon broken), which alleviated concerns about disruptions in the supply of “black gold” from the primary oil-producing region. Brent and WTI…

Kyiv and London have reached a historic agreement that involves transferring war-tested Ukrainian technologies to British defense firms. The British government highlighted that Ukraine is a global leader in developing and applying drone technologies, which are updated…

The Netherlands will provide Ukraine with 100 drone detection radar systems and 20 medical evacuation vehicles as part of a new €175M aid package, said Dutch Defense Minister Ruben Brekelmans. The drone detection radars will enable timely detection of enemy drones and…

The EU is making a significant move to strengthen its defense industry and integrate Ukraine’s defense industrial complex. EU countries have approved a mandate to negotiate with the European Parliament regarding the launch of the European Defense Industrial Program…