Tag: Economy

Iceland has pledged nearly €2 million to the Czech initiative aimed at procuring artillery shells for Ukraine, as detailed in a government press release

President Volodymyr Zelenskyi of Ukraine has signed into law significant amendments aimed at regulating the nation’s capital markets and organized commodity markets

Ukraine’s SE Defense Procurement Agency, part of the Ministry of Defense, and the Danish Ministry of Defense’s Procurement and Logistics Organization (DALO) have entered into a memorandum of understanding and cooperation concerning defense procurement

Josep Borrell, the European Union’s High Representative for Foreign Affairs and Security Policy, has disclosed that the EU and its member states have collectively supplied Ukraine with military equipment valued at a total of €31 billion since the onset of the conflict

Representatives from the Dutch aid organization SOEGG, known for its charitable work in Eastern Europe, recently visited Irpin, Ukraine, to engage with local officials and explore avenues for assistance

The International Monetary Fund (IMF) has approved the allocation of an $880 million tranche to Ukraine following the completion of the third review of the extended financing program

Estonia has pledged a new military aid package to Ukraine, valued at 20 million euros, as announced by Estonian Defense Minister Hanno Pevkur during his visit to Kyiv

Josep Borrell, the head of European Union diplomacy, announced that the European Commission has successfully transferred the first tranche of macro-financial assistance to Ukraine

Kosovo, the partially recognized Republic, has announced its decision to provide Ukraine with two separate packages of military aid, comprising trucks, armored vehicles, and ammunition for mortars

The European Union has developed a novel approach to aid Ukraine, with Bloomberg reporting that proposals have been set forth to direct profits from frozen Russian assets towards Ukraine as early as July

The European Union’s Foreign Affairs Ministers have reached a consensus to allocate an additional €5 billion in military aid to Ukraine from the European Peace Fund, as confirmed by the Ministry of Foreign Affairs of Ukraine

US Senator Lindsey Graham has made a visit to Kyiv on March 18, as announced by the US Embassy in Ukraine

The Cabinet of Ministers of Ukraine has officially approved the procedure for providing compensation for the construction of engineering and transport infrastructure facilities by investors undertaking significant investment projects

The European Commission has announced an allocation of €500 million towards the Accelerating the Support to Ammunition Production (ASAP) initiative

The National Bank of Ukraine has decided to reduce the discount rate from 15.0% to 14.5% per annum starting from March 15, 2024

Estonia has put forward a proposal for a 120 billion euro annual financing plan aimed at supporting Ukraine

Ukraine has finalized an agreement with the European Union, securing a financial aid package totaling 6 billion euros

The State Statistics Service of Ukraine revealed the financial performance of Ukrainian enterprises for 2023, showcasing a dominance of state-owned entities among the top revenue earners, with 7 out of the top 10 positions

In a period spanning from 2019 to 2023, Ukraine emerged as the top arms importer in Europe, marking a significant surge in the continent’s arms imports by 94% compared to the previous five years, as reported by the Stockholm Peace Research Institute (SIPRI)

On March 8, 2024, Ukraine implemented the “Law on Amendments to Certain Legislative Acts of Ukraine Regarding the Improvement of Corporate Governance in Legal Entities where the State is a Shareholder (Founder, Participant).”

The Main Intelligence Directorate (GUR) of the Ukrainian Defense Ministry announced that the destruction of the Russian ship “Sergey Kotov” resulted in personnel losses for the occupying forces. It is likely that part of the crew was evacuated successfully

This year, Ukraine is poised to significantly ramp up its drone production, potentially reaching up to 2 million units

The French Ministry of the Armed Forces has detailed the comprehensive military support provided to Ukraine since the onset of the full-scale war, highlighting France’s significant contribution to Ukraine’s defense capabilities

In a pivotal move, Ukraine has inked a bilateral security agreement with the Netherlands, underscoring a robust commitment to bolstering Ukraine’s defense capabilities amid ongoing challenges