Category: 9. Business

According to ICU, annual inflation in September dropped to 11.9%, down from 13.2% in August and a peak of 15.9% in May. The inflation rate at the end of September was notably lower than the NBU’s July forecast of 13.1%. A widespread slowdown in prices was observed…

On October 30, the State Property Fund (SPFU) will conduct an auction to privatize the Nepolokovetskyi Bread Factory in the Chernivtsi region. The enterprise’s production facilities span two plots of land covering 18.6 hectares and 1.3 hectares. Its primary activity is…

US agricultural cooperative CHS Inc., one of the world’s largest grain traders, is winding down its activities in Ukraine and will maintain only a representative office in the country. This decision was driven by war risk, the lack of shareholder approval to resume…

The European Commission and the IFC have signed an agreement to provide €100M in guarantees for Ukrainian recovery project investments. As reported by the Ministry of Development, this agreement is a clear signal from the EC and IFC that investment in Ukraine is…

The Chernivtsi Solar company, which is part of the Kernel group, plans to construct the largest solar power facility in Western Ukraine with a planned 250 MW capacity. The solar power plant will be developed in the Kitsman community of the Chernivtsi region. This is one…

The Ministry of Development and the United Nations Development Program in Ukraine have signed a financial agreement that will begin the Renewable Energy Solutions program. The initiative, worth a total of €16.5M, involves installing solar panels, heat pumps, and…

US President Donald Trump said he is considering providing Ukraine with Tomahawk cruise missiles if the conflict with Russia continues. He noted that this could serve as pressure on the Kremlin and plans to discuss the issue with Russian President Vladimir Putin. “I…

On the night of October 13, the Russian Federation attacked civilian facilities in the Odesa region with drones, damaging warehouses containing fabrics, clothing, and packaging materials. Rescuers extinguished a fire that spread across an area of 5,000 square meters….

The G7 countries are aiming to “maximize pressure on Russian oil exports”. This could reduce Moscow’s income by $80B a year, causing a major blow to its military economy. However, experts warn that restricting Russian oil exports will be ineffective if other…

Ukrainian Foreign Minister Andriy Sybiha reported that seven additional countries have expressed their intention to join the PURL program for the acquisition of US weapons for Ukraine. “The first package of the program is already being implemented and $2B has been…