The Metinvest Group unveiled these large-scale projects at the URC2025 international conference in Rome. Both initiatives will be carried out at the Northern Mining and Processing Plant. The first project, costing $1.12B, involves starting the production of DR pellets, a…
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The World Bank will provide Ukraine with a $116M grant to restore heat supply in war-affected communities.
Additionally, it will offer another $116M to strengthen the energy resilience of areas impacted by Russian attacks. The funds will be used to repair heat systems in cities where critical infrastructure has been heavily damaged, including Kharkiv, Sumy, Chernihiv,…
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Ukrainian retailer Varus will invest $30M to develop a food delivery platform.
The Varus supermarket chain plans to allocate $30M over the next three years to create a separate technology platform for delivering food kits on a subscription basis. The company aims to shift from traditional retail to a service that will allow customers to order…
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The 2026 state budget’s external financing deficit will reach $19B.
Roksolana Pidlasa, head of the parliamentary budget committee, said that after adopting amendments to Ukraine’s budget this year, its planned deficit will be $42B (based on the estimated exchange rate), and there is no reason to think it will decrease next year. As a…
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Polish oil producers are urging their government to lift the embargo on Ukrainian rapeseed imports due to a raw material shortage.
The Polish Association of Oil Producers (PSPO), which represents 95% of the industry, has asked Prime Minister Donald Tusk to reverse the 2023 order banning Ukrainian rapeseed imports. The raw material shortage for the 2025-2026 season could reach at least 500,000 tons,…
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Russia Accused Of ‘Stealing’ Ukraine’s Future With Forced Deportation Of Children
When Russia launched its full-scale invasion of Ukraine in Februry 2022, Ksenia Koldin was finishing grade 11 in Vovchansk, a city some 70 kilometers from her native Kharkiv.
Six months later, with the country at war, she and her younger brother were forced to go to Russia. They weren’t on the…
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A Spanish-Polish investor plans to develop transportation and energy infrastructure in Western Ukraine.
Representatives of the Volyn Regional State Administration met with a delegation from Aldesa Polska, a Polish subsidiary of the Spanish construction group Grupo Aldesa. The company announced its intention to enter the Ukrainian market and considers Volyn in the Western…
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DTEK is developing new wind farms with a capacity of 1,150 MW and has invested ₴4B in repairing thermal power plants.
DTEK’s CEO, Maksym Timchenko, said: “We are currently building onshore wind farms with a capacity of 500 MW – there are no such projects of this scale in Europe. We are also preparing a project in the Poltava region with a capacity of 650 MW.” He explained that…
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