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…
Category: 9. Business
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Moody’s has maintained Ukraine’s pre-default rating.
On May 30, Moody’s Rating Agency affirmed the long-term issuer ratings of the Ukrainian government in foreign and national currencies at Ca – one of the lowest credit ratings on Moody’s scale, indicating a very high risk of default. The justification states that the ongoing war with Russia…
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Over 200 Finnish companies are preparing to enter the Ukrainian market.
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,…
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Philip Morris is preparing to resume cigarette exports from Ukraine.
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…
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OPEC+ will once again increase oil production, allowing Western firms to increase shipments of Russian crude.
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…
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The Ukrainian government will support two additional projects with significant investments.
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…
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Almost 8% of EU organic imports come from Ukraine, which is establishing itself as a leader in this market.
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…
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Ukrainian gunsmiths are fostering cooperation with their British and Canadian counterparts.
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…
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IRIS-T long-range weapons and air defense: How Ukraine will spend €5B in aid from Germany?
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Four European countries will assist Ukraine in building up gas reserves for the winter.
The gas transmission system operators of Bulgaria, Greece, Moldova, Romania, and Ukraine have created a plan that will supply US liquefied natural gas from Greece to Ukraine via the Trans-Balkan Corridor to supply the country for the heating season. They have proposed a…
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