Category: 9. Business

Since the beginning of the war with Russia, Kyiv has been fighting the West’s reluctance to transfer new weapons to Ukraine, as it was feared that this would lead to an escalation of the conflict. Ukraine has urged its allies not to fear Russia and to supply weapons that will allow Kyiv to… Continue Reading

The Ministry of Finance of Ukraine said that 97.38% of holders of $20.47B ($24.3B including interest) in Eurobonds  support the restructuring agreement, exceeding the required two-thirds threshold. “This landmark decision is a decisive stage in Ukraine’s strategy aimed at preserving… Continue Reading

State company Naftogaz will start purchasing gas in Europe, with deliveries scheduled for September. The purchased gas will be pumped into Ukraine’s underground storage facilities through the customs warehouse regime. This will allow Naftogaz to stockpile fuel that can be cleared through… Continue Reading

The Scranton Army Ammunition Plant, located in Scranton Pennsylvania, has increased he production of artillery shells for transfer to Ukraine by 50% (from 24,000 to 36,000 shells per month) as part of defense assistance provided by the US. Three new production lines are currently under… Continue Reading

The profits earned by Ukrainian large and medium-sized enterprises increased by 49.7% in the first half of 2024 compared to the corresponding period last year, to ₴619.6B, the State Statistics Service reports. Enterprise losses increased by 10.6% annually to ₴128.4B. The financial result… Continue Reading

Due to the war, Ukrainian developers have intensified their foreign construction projects against the backdrop of a slowdown in Ukraine’s primary housing market. In 2022-2023, about 100 million square meters of housing were destroyed or damaged, with losses amounting to $55.9B. The number of… Continue Reading

The newest Ukrainian military innovation,  the Palyanytsia, costs less than $1M, and expansion of production is planned. Ukraine has developed a new long-range weapon that will allow it to strike deep into Russia without asking for permission from allies – its own rocket-drone hybrid,… Continue Reading

“Together with the government, the MoD has invested more than $7B in the defense industry. These investments provided us with enormous support when we were not receiving international technical assistance,” Defense Minister Rustem Umyerov said at the Ukraine 2024. Independence forum. As he… Continue Reading

The Cabinet of Ministers adopted a resolution suspending the servicing of Ukraine’s obligations to several creditors under loans and Eurobonds and obligations under GDP warrants. In particular, it refers to scheduled payments for the following debt instruments: September 3 –a loan from… Continue Reading

The Cabinet of Ministers adopted a resolution that provides for the creation of an Interdepartmental Working Group to ensure a successful negotiation process for Ukraine’s accession to the EU and the adaptation of Ukrainian legislation to EU law, as well as the creation of 36 working… Continue Reading