The governments of European Union nations approved a €4.2 billion payment to Ukraine as the first official payment from a €50 billion aid package earmarked for the country's reconstruction. The Council of the EU said Ukraine had met the nine conditions set out for the payment, which
Unscrupulous real estate developers in Kyiv are quietly bulldozing historical buildings to make way for more profitable projects while the attention of the nation is focused on the war against the Russian invasion, the Kyiv Independent reported. The bulldozing on July 19 of the Zelensky Manor, the historic dwelling of
Major Ukrainian companies are calling for mass exemptions for their staff from military service, even offering to pay to exempt workers from the draft, as they throttle back production amid a worsening labor shortage, according to a Financial Times news feature. Pipe maker Interpipe, for example, has more than 1,
Ukraine received a $3.9 billion grant from the United States to help the country pay for social programs and other non-military expenditures, Ukrainian Finance Minister Sergii Marchenko said. "Grant support is extremely important to us as it does not increase Ukraine's debt burden,|Marchenko said
Kellyanne Conway, who served as a high-profile senior counsel to Donald Trump when he was president of the US, has registered as a lobbyist for the charitable foundation of Ukrainian billionaire Victor Pinchuk. Under a $50,000-a-month contract, Conway has agreed to "make best efforts to
The Ukrainian government will hold a new tender for the reconstruction of a children's hospital hit by a Russian missile last month after public outcry over the selection process prompted the cancellation of a previous tender.
S&P Global cut Ukraine's credit rating to "selective default" on Friday after the country failed to make a coupon payment on an existing bond as it restructures its debt. The ratings agency cut Ukraine's long-term and short-term foreign currency (FC)
The number of deals in the Ukrainian M&A market increased by 4.2% in the first half of this year compared to the same period of 2023, while the value of deals jumped 31%, KPMG said. In absolute terms, the number of deals rose to 25 from 24
The European Bank for Reconstruction and Development (EBRD) will hold a final review on Sept. 11 on a possible €40 million loan to Ukrainian pet food producer Kormotech Group, which aims to build a second factory in Lithuania. The company, based in the western Ukrainian city of Lviv, will build
Ukraine has made a $201 million payment to holders of its GDP warrants, securities linked to the country's economic performance, that weren’t part of a $20-billion eurobond restructuring agreement with private creditors announced early this week, Bloomberg News reported, citing unnamed sources. The payment eases concerns
The European Investment Fund, part of the European Investment Bank Group, has put out a call for export credit agencies that want to work with its €300 million credit facility to promote exports from companies in European Union members to Ukraine. The fund, the risk-capital subsidiary of the European
Penny Pritzker, the US special envoy for the reconstruction and recovery of Ukraine, called for "whole-of-government reconstruction planning" in Ukraine to prepare for a surge of works to rebuild after the war. "The Ukrainian government has pieces of what is required to implement this type
The Ukrainian prosecutor general's office has launched an online tool that tracks investigations into crimes related to businesses in Ukraine in response to pressure from companies who complain of police inaction. The tool, which is open to the public, tracks and displays data on the number of registered
The United Nations Development Programme (UNDP) is calling for applications from charities and other non-profit groups in Ukraine to help carry out anti-corruption programs in 13 communities as part of a test project for the reconstruction of Ukraine. The project, funded by the government of Japan, is aimed
The Belgian government contributed €9 million to finance projects to rebuild and strengthen Ukraine's critical energy infrastructure under a program run by the United Nations Development Programme (UNDP). The money will go toward the repair and reconstruction of infrastructure affected by Russian attacks to ensure the continuation of
Penny Pritzker, the US special envoy for the reconstruction of Ukraine, visited Kyiv this week with Amentum CEO John Heller, Clayco Inc founder Bob Clark and Westinghouse CEO Patrick Fragman to meet with officials involved in the reconstruction effort. "I brought the private sector here, our CEOs, because our
