Category: 9. Business

Defense Minister of Ukraine Rustem Umerov confirmed that, during a meeting with high-ranking US officials, he handed over a list of objectives that Kyiv wants to target with American long-range ATACMS missiles. He gave his assurance that Ukraine will continue to insist on the lifting of these… Continue Reading

The Ministry of Infrastructure of Ukraine and the Belgian development agency Enabel signed memorandums of cooperation in the rebuilding of social and energy infrastructure in Kyiv and the Kyiv and Chernihiv regions. Belgium plans to allocate €150M to reconstruct and renew education, health… Continue Reading

German UAV manufacturer Quantum-Systems launched a factory that will produce Vector unmanned systems for the Armed Forces of Ukraine in the spring. Currently, the drones are assembled from components coming from Germany, but the company is gradually localizing production, making the wings and… Continue Reading

A working group of parliament members and defense industry representatives will develop a concept for the controlled export of military products during the war. “Now the issue of scaling up production can only compete with the issue of its financing,” the economic committee of the Verkhovna… Continue Reading

The first half of the year’s turnover for Astarta Agricultural Holding, the country’s largest milk producer and a leading sugar producer, is €321M, 12% more than in the same period last year. The share of exports in production is 67% against 55% in 2023. The company’s net profit is… Continue Reading

The Ministry of Economy reports that the first industrial park in Dnipro received funding under a state program to stimulate industrial park development within the framework of the Made in Ukraine initiative. The park’s managing company requested the allocation of ₴150M out of the total… Continue Reading

The EU will press forward with a commitment to secure aid for Ukraine from frozen Russian central bank assets regardless of issues raised by the US, said the head of EU diplomacy, Josep Borrell. “We will do everything possible to support Ukraine regardless of the decisions in Washington…. Continue Reading

The ISW reports that the pace of the Armed Forces of Ukraine’s offensive in the Kursk region has slowed. Currently, the Ukrainian military is focused on securing and holding the areas it has recently taken under control. Russian military bloggers also confirm that attacks by the Ukrainian… Continue Reading

Ukrainian troops plan to hold the occupied territory in Kurks “for some time,” and the expected Russian counteroffensive will be a “tough fight” for the Russians, said CIA Deputy Director David Cohen during the Intel Summit 24 intelligence and national security summit in… Continue Reading

Before the war, Ukraine exported raw materials and goods in the cheapest way – by sea. However, the blocking of Ukraine’ seaports forced exporters to switch to road transport. The industry’s development was facilitated by neighboring countries that began to build motorways for Ukrainian… Continue Reading