Category: 9. Business

European wood-based panel manufacturer Kronospan has invested €200M in a new production line for oriented strand board (OSB) in the Rivne region. Over the past 20 years of operation in Ukraine, the company has invested almost €1B in Ukrainian production, of which… Continue Reading

As reported by Ukrainian real estate developer Avalon, in Lviv since 2022 the geography of buyers has significantly expanded, and about half of the transactions are made for investment purposes. This year, three categories of investors are active in the Lviv’s… Continue Reading

On the morning of November 28, Russia attacked energy facilities throughout Ukraine, leaving hundreds of thousands of Ukrainians without electricity, Energy Minister Herman Galushchenko said. As a result of the eleventh massive attack this year, facilities in several… Continue Reading

The incoming National Security Advisor to US President-Elect Donald Trump, Mike Waltz, is studying several options for ending the war between Russia and Ukraine. Among them are proposals from General Keith Kellogg, whom Trump appointed as special representative for the… Continue Reading

The Biden administration is preparing a new military aid package for Ukraine worth $725M. It will provide a variety of anti-tank weapons from American stocks. The package is also expected to include anti-personnel mines, drones, Stinger missiles, ammunition for HIMARS… Continue Reading

The European Parliament has adopted a resolution on strengthening the EU’s unwavering support for Ukraine’s struggle against Russia’s aggressive war, in which it strongly criticizes the deployment of North Korean troops in support of Russia’s military operations… Continue Reading

Seoul has rejected a Ukrainian delegation led by Defense Minister Rustem Umerov that sought to purchase South Korean weapons. The delegation met with President Yoon Suk-yeol and the South Korean defense minister. The weapons that Ukraine has been requesting are… Continue Reading

Bruno Kahl, the head of Germany’s Federal Intelligence Service (BND), believes that Russia continues to prepare for an actual military confrontation with Western countries, but a full-scale attack by Russia will be preceded by local operations designed to test the… Continue Reading

The development company Alterra Group, which is currently implementing the Formatsia.Lviv industrial park project, intends to build a network of seven such parks, the company’s top manager, Olena Podolska, said during the Ukrainian Automotive and Mobility Forum 2024…. Continue Reading

At the beginning of 2022, businesses had almost ceased hiring, and people were not looking for work. According to IMF estimates, Ukraine’s total losses amounted to 35% of GDP, and many companies stopped their operations or evacuated. As one example, from 2022 to the… Continue Reading