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
Tag: Economy
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
For the first time, Ukraine has successfully navigated the heating season relying solely on its domestically produced natural gas, marking a significant milestone in the country’s energy sector
The Summit Ukraine – Southeast Europe, chaired by Ukrainian President Volodymyr Zelenskyy and the head of Albania, is taking place in Tirana on February 28th
On February 28, Ukrainian President Volodymyr Zelenskyy, along with the Albanian head of state, chaired a summit in Tirana, Albania, involving leaders from thirteen Southeast European countries and representatives of the European Union
Finland’s commitment to supporting Ukraine amidst the ongoing conflict with Russia remains unwavering, as confirmed by outgoing President Sauli Niinisto
The European Parliament, in a significant majority vote, has endorsed a resolution to amend the EU’s multi-year budget framework, introducing the Ukraine Facility fund dedicated to supporting Ukraine’s recovery over the next four years
During his address at the “Made in Ukraine” forum, Prime Minister Denys Shmyhal shared that the Ukrainian economy is on a robust path to recovery following the devastating impacts of Russia’s full-scale invasion
Shares of MBP(Myronivski bread product), one of the leading poultry producers, saw a 3.1% increase, equivalent to $0.10, reaching $3.30 per share on the London Stock Exchange from February 19 to 23
The Ukrainian Parliament has passed legislation on lobbying, marking a significant step towards meeting one of the European Commission’s prerequisites for initiating discussions on EU membership for Ukraine
Chuck Schumer, the US Senate Democratic Majority Leader, has made a significant visit to Ukraine on February 23, leading a delegation of Democratic senators
The Ukrainian defense conglomerate Ukroboronprom has signed an intent agreement with the Czech company Česká zbrojovka a.s., a subsidiary of Colt CZ Group SE, for a license transfer that will enable the assembly of NATO-standard rifles, specifically the CZ BREN 2 model, in Ukraine.