Category: 9. Business

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

The EU will press forward with a commitment to secure aid for Ukraine from frozen Russian central bank assets regardless of issues raised by the US, said the head of EU diplomacy, Josep Borrell. “We will do everything possible to support Ukraine regardless of the decisions in Washington…. Continue Reading

The ISW reports that the pace of the Armed Forces of Ukraine’s offensive in the Kursk region has slowed. Currently, the Ukrainian military is focused on securing and holding the areas it has recently taken under control. Russian military bloggers also confirm that attacks by the Ukrainian… Continue Reading

Ukrainian troops plan to hold the occupied territory in Kurks “for some time,” and the expected Russian counteroffensive will be a “tough fight” for the Russians, said CIA Deputy Director David Cohen during the Intel Summit 24 intelligence and national security summit in… Continue Reading

Before the war, Ukraine exported raw materials and goods in the cheapest way – by sea. However, the blocking of Ukraine’ seaports forced exporters to switch to road transport. The industry’s development was facilitated by neighboring countries that began to build motorways for Ukrainian… Continue Reading

Since the beginning of the war with Russia, Kyiv has been fighting the West’s reluctance to transfer new weapons to Ukraine, as it was feared that this would lead to an escalation of the conflict. Ukraine has urged its allies not to fear Russia and to supply weapons that will allow Kyiv to… Continue Reading

The Ministry of Finance of Ukraine said that 97.38% of holders of $20.47B ($24.3B including interest) in Eurobonds  support the restructuring agreement, exceeding the required two-thirds threshold. “This landmark decision is a decisive stage in Ukraine’s strategy aimed at preserving… Continue Reading

State company Naftogaz will start purchasing gas in Europe, with deliveries scheduled for September. The purchased gas will be pumped into Ukraine’s underground storage facilities through the customs warehouse regime. This will allow Naftogaz to stockpile fuel that can be cleared through… Continue Reading

The Scranton Army Ammunition Plant, located in Scranton Pennsylvania, has increased he production of artillery shells for transfer to Ukraine by 50% (from 24,000 to 36,000 shells per month) as part of defense assistance provided by the US. Three new production lines are currently under… Continue Reading

The profits earned by Ukrainian large and medium-sized enterprises increased by 49.7% in the first half of 2024 compared to the corresponding period last year, to ₴619.6B, the State Statistics Service reports. Enterprise losses increased by 10.6% annually to ₴128.4B. The financial result… Continue Reading