Category: 9. Business

Croatian Defense Minister Ivan Anušić stated that Croatia will not send troops to Ukraine, stating that the country is not prepared, willing, or planning to do so. He clarified that while some NATO and Coalition of the Willing member states have considered the…

By the end of 2025, Ukraine’s economic growth is expected to slow to 2% or lower. In contrast, Ukraine’s economy grew by 2.9% by the end of 2024, according to Tomas Fiala, CEO of Dragon Capital. He attributed the anticipated growth slowdown to Russian attacks on…

The European Union is preparing its 19th sanctions package, which could impact banks, energy companies, payment systems, crypto exchanges, and ports. The EU plans to coordinate several measures with the US, and a delegation of officials from the bloc will head to…

Tile, one of Ukraine’s leaders in producing roofing materials including metal roof tiles and corrugated sheets, has invested €10M to build an oil refining plant in the Lviv region. The company’s owners, Yuriy Shkvarok and Andriy Tsymbalyak, decided to expand their…

Since the start of the full-scale invasion by the Russian Federation, the International Finance Corporation (IFC) has invested a record $2.5B in Ukraine, said Olena Voloshyna, the corporation’s head in Ukraine, during the Global Outlook: Strategic Momentum event….

PrivatBank and the IFC have signed these agreements to help increase lending to micro, small, and medium-sized businesses. These include a $100M risk sharing agreement and an issuing bank agreement, which provides a $20M trade finance guarantee line from IFC. This will…

As of September 1, Serhiy Makogon, former head of Ukraine’s Gas Transmission System Operator, reported that Ukrainian underground gas storage facilities held 11.2 billion cubic meters. By November 1, this figure should rise to 13.2 billion cubic meters, which is the…

Commander-in-Chief of Ukraine’s Armed Forces, Oleksandr Syrskyy, noted that despite the Russians’ threefold advantage in personnel and equipment, Ukraine’s military regained control of 58 square kilometers of territory and liberated several settlements. In the…

In less than a year, Planeta Plastik built Ukraine’s first plant in Irpin (Kyiv region) dedicated to manufacturing polyethylene pipes and powered by solar energy. All of the company’s products are produced using state-of-the-art equipment, and the facility is capable…

Ukrainian UAV manufacturer Ukrspecsystems is investing £200M to establish a drone factory in Mildenhall and develop a testing and training center in Elmsett, UK. The factory will span 11,000 square meters, and the project aims to generate up to 500 new jobs. Drone…