Category: 9. Business

The Ukrainian peace memorandum includes provisions for a ceasefire on land, in the air, and at sea. Monitoring compliance with these conditions should involve international partners. After reviewing the memorandum, US Special Envoy Keith Kellogg confirmed receipt of the…

Kyiv has not reached an agreement with its creditors and will fail to make a $665.5M state debt payment related to GDP warrants, which are debt obligations tied to economic growth rates. Ukraine was supposed to pay this amount to creditors on June 2. However, the…

Danylo Hetmantsev, head of the Verkhovna Rada Finance Committee, revealed that the shadow sector is estimated at ₴800-900B ($21.7B). About 30-50% of the economy exists in the shadows, with some sectors exceeding 60%, which creates significant barriers to economic…

More than 200 small and medium Finnish firms are looking to establish a presence in Ukraine, while larger companies are planning to broaden their operations. The most promising sectors for Finnish investors in Ukraine continue to be IT and digitalization, green energy,…

Philip Morris Ukraine is considering whether to start the export of cigarettes manufactured at a newly built factory in the Lviv region, said the company’s CEO Maksym Barabash during a roundtable discussion on Ukraine’s economic recovery. According to him, the Philip…

Earlier this year, the Western energy sector began to consider how it might carefully return to Russia if peace is reached in Ukraine. Due to falling oil prices, Greek vessels transported 26% of Russian oil in April, and in March, they made up 30% – over 100% higher…

The Cabinet of Ministers has approved the conclusion of two more special investment agreements with the Slavsky and Rozhanka Park companies, which will develop a new €140M ski resort in the Lviv region. Four major investment projects are already included in the state…

In 2024, Ukraine became one of the top three exporters of organic products to the bloc among European countries and has remained among the top five largest exporters to the EU for seven years. In 2024, the total volume of organic agri-food product imports to the EU…

The Ukrainian Gunsmiths Council has signed a memorandum of strategic cooperation with the British ADS Group, which comprises over 1,500 companies in the aerospace and defense sector. The agreement includes exchanging information on industrial capabilities and innovative…