Ukraine's construction industry continues to recover, driven largely by infrastructure reconstruction, though growth is slowing compared to previous years, according to think tank GMK Center.
The Netherlands is earmarking €2 billion in support for Ukraine, including €500 million to fund Ukraine's Drone Line project to integrate unmanned aerial systems into front-line operations, according to the defense ministries of both countries.
The Swedish government said it will provide SEK 16 billion ($1.6 billion) in its largest military support package to Ukraine, bringing Sweden's total military support to SEK 80 billion.
Ukraine's GDP warrant was on track on Monday for its biggest daily loss since shortly after Russia's full-scale invasion, as optimism over a US brokered ceasefire waned, Reuters reported.
Ukrainian insurance companies INGO, Colonnade and UNIQA have begun offering war risk policies backed by the European Bank for Reconstruction and Development (EBRD)'s Ukraine Recovery and Reconstruction Guarantee Facility (URGF) for inland cargo, vehicle damage and railway rolling stock, according to an EBRD press release.
Ukraine's agriculture ministry said it plans to build modern vegetable storage facilities in frontline regions of Mykolaiv and Kherson to help farmers preserve their harvests. "The development of a vegetable storage system will contribute to the development of small businesses and ensure the sustainability of rural areas,
The Ukrainian government has approved the privatization terms and sale price for the chemical industry plant Sumykhimprom and construction company Ukrbud, according to Ukraine's Ministry of Economy. The starting sale price for Sumykhimprom is about UAH 1.2 billion ($29 million) and for Ukrbud UAH 263 million, the
The European Bank for Reconstruction and Development (EBRD) said it has approved a €15 million unfunded portfolio risk sharing facility to back up to €30 million of new sub-loans offered by Ukrsibbank to Ukrainian businesses, aimed at supporting economic resilience, energy efficiency, and business competitiveness. The project will provide
The Zaporizhzhia nuclear plant, located 650 kms southeast of Kyiv along the Dnipro River, is "under Russian jurisdiction" and will not be handed over to Ukraine, the US, or international organizations, Russia's foreign ministry said. The ministry said that joint operation of the facility with another
The unconditional withdrawal of Russian forces from Ukraine would be a key condition for any changes to sanctions, the European Commission told Reuters "The end of the Russian unprovoked and unjustified aggression in Ukraine and unconditional withdrawal of all Russian military forces from the entire territory of Ukraine would
Dragon Capital plans to invest $100 million in Ukraine this year due to improved macroeconomic predictability and economic growth in the country, CEO Tomáš Fiala said at a conference in Kyiv organized by the think tank We Build Ukraine. Fiala said most of the funding will come from Dragon Capital&
US and Russian officials began talks on Monday in Riyadh to discuss a broad ceasefire in Ukraine, with the US looking at a separate Black Sea maritime ceasefire deal as an initial step, Reuters reported. The US delegation is led by Andrew Peek, a senior director at the White House
The privatization of state-owned Ukrgasbank and Sense Bank is unlikely to happen this year due to the lengthy process involved, Kateryna Rozhkova, first deputy governor of the National Bank of Ukraine (NBU), said in an interview with Interfax-Ukraine. "In my opinion, the privatization of the first state-
Ukrainian Railways said its online systems were hit by "a large-scale targeted cyberattack," adding that restoration of services is ongoing. "The enemy failed to achieve its main objective: train traffic is stable, services are running on schedule without delays and all operational processes are functioning in
Veon said it has signed a memorandum of understanding with a US-based provider of Open RAN solutions and network infrastructure Airspan Networks Holdings. The partnership will focus on developing, deploying, and testing network solutions designed to strengthen communications infrastructure in extreme conditions, according to Veon. By leveraging advanced wireless
