Category: 9. Business

EU Ambassador to Ukraine Katarina Maternova warns Western experts against criticizing the actions of Ukraine’s military in the Kursk region. At the GLOBSEC Forum 2024 conference, she emphasized that the Armed Forces’s offensive into Russian territory has already delivered tangible… Continue Reading

Before the start of an informal meeting of the EU Council of Defense Ministers, High Representative Josep Borrell emphasized: “I think it is absurd to say that the permission to hit targets on Russian territory means that we are at war with Moscow. We support Ukraine, which is under attack… Continue Reading

The debt restructuring agreement that was reached with creditors is a very important step that demonstrates the creditors understand Ukraine’s needs, said ex-Minister of Finance of Ukraine Natalie Jaresko. “This is very important to maintain the program with the IMF,” the expert says,… Continue Reading

If radical steps are taken, an economic recession in Russia may occur in a year, says Yury Horodnichenko, a University of California, Berkeley professor. For this to take place it is necessary to shut off Russia’s oil faucet, in particular, the flow of oil and liquefied gas to India, China,… Continue Reading

Defense Minister of Ukraine Rustem Umerov confirmed that, during a meeting with high-ranking US officials, he handed over a list of objectives that Kyiv wants to target with American long-range ATACMS missiles. He gave his assurance that Ukraine will continue to insist on the lifting of these… Continue Reading

The Ministry of Infrastructure of Ukraine and the Belgian development agency Enabel signed memorandums of cooperation in the rebuilding of social and energy infrastructure in Kyiv and the Kyiv and Chernihiv regions. Belgium plans to allocate €150M to reconstruct and renew education, health… Continue Reading

German UAV manufacturer Quantum-Systems launched a factory that will produce Vector unmanned systems for the Armed Forces of Ukraine in the spring. Currently, the drones are assembled from components coming from Germany, but the company is gradually localizing production, making the wings and… Continue Reading

A working group of parliament members and defense industry representatives will develop a concept for the controlled export of military products during the war. “Now the issue of scaling up production can only compete with the issue of its financing,” the economic committee of the Verkhovna… Continue Reading

The first half of the year’s turnover for Astarta Agricultural Holding, the country’s largest milk producer and a leading sugar producer, is €321M, 12% more than in the same period last year. The share of exports in production is 67% against 55% in 2023. The company’s net profit is… Continue Reading

The Ministry of Economy reports that the first industrial park in Dnipro received funding under a state program to stimulate industrial park development within the framework of the Made in Ukraine initiative. The park’s managing company requested the allocation of ₴150M out of the total… Continue Reading