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The National Bank of Ukraine (NBU) said on Thursday that Revolut needs a license to operate in Ukraine after the UK-based fintech said earlier this month it had launched services in the country. Ukraine's central bank said that Revoult is providing services to Ukraine's residents through
Ukraine's state-owned Oschadbank and the energy trading firm Energy Company of Ukraine (ECU), also state-owned, have established a joint program to make it easier to lend to and implement new energy projects in Ukraine's local communities. The ECU will analyze the economic and technical aspects of
The European Bank for Reconstruction and Development (EBRD) estimated that Ukraine's economy would grow by 5% in 2026 if the agreement to end the war with Russia is reached this year. The EBRD also lowered the forecast for Ukraine's 2025 growth, to 3.5% from 4.
Ukrainian President Volodymyr Zelensky stated on Wednesday that the success of the proposed minerals deal with the US depends on his broader discussions with US President Donald Trump and his commitment to supporting Ukraine. "This agreement can have a major success or quietly pass by. And I believe that
A preschool and a hospital have reopened in the western region of Lviv after refurbishments funded by the European Investment Bank (EIB). Lviv's St. Luke's Hospital, a vital emergency and specialized care center, has completed a €940,000 renovation to enhance services for its 50,000
Ukrainian titanium company Velta is in discussions with four US investors about possible joint mining and processing projects in Ukraine, CEO and majority shareholder Andriy Brodskyy told Forbes.ua in an interview. "Americans want to gain direct control or participation in projects, not just be buyers of raw materials,
Irish low-cost carrier Ryanair plans to have 5 million passengers annually in Ukraine in one to two years after the airspace opens, CEO Michael O'Leary told Reuters on Tuesday. "Straight out-of-the-box ... we have two million seats in there within six weeks (of the sky reopening) and then
The Kremlin on Tuesday appeared to reject US President Donald Trump's claim that his Russian counterpart would allow European troops to be deployed to Ukraine as peacekeepers, Reuters reported. Asked about Trump's comments, Kremlin spokesman Dmitry Peskov referred reporters to an earlier statement by Russia'
Nibulon, one of Ukraine's largest grain and oilseeds originators and exporters, said on Tuesday it has signed a debt restructuring deal with the International Finance Corporation (IFC). The agreement covers an outstanding loan balance of $18.2 million and extends the loan's maturity date to 2029.
Ukraine's largest private power producer DTEK seeks to sign long-term import contracts for liquefied natural gas (LNG) next month with US companies Venture Global or Cheniere Energy to supply Ukraine and neighboring Slovakia, Poland and Hungary, CEO Maxim Timchenko told Reuters in an interview. "It's
Ukraine and the US have agreed on the terms of a deal to jointly develop Ukraine's mineral resources, including oil and gas, the Financial Times, Bloomberg, and Reuters reported on Tuesday, citing unnamed sources familiar with the matter. Unnamed Ukrainian officials told the FT, which first reported on
The Canadian government said it will provide a total of nearly CAD 17o million ($120 million) to Ukraine to repair the country's infrastructure and address its humanitarian needs. CAD 50 million will be allocated for the overhaul and replacement of damaged energy equipment and critical infrastructure in Ukraine.
Today's Contents Reporter's Notepad: * 5 project management tips for investors in Ukraine's reconstruction, from Gleeds country director Colin Ross Just The Facts: * World Bank raises Ukraine's reconstruction and recovery needs estimate by 8% to $524 billion * Trump says Putin would agree to
The total cost of reconstruction and recovery in Ukraine as of Dec 31, 2024 stood at $524 billion over the next decade, about 2.8 times the country's estimated GDP for 2024, the World Bank, the European Commission, the United Nations, and Ukraine's government said on
