The Hungarian government will continue helping Ukraine boost its energy supply and will encourage Hungary's largest oil and gas company MOL and the power transmission system operator MAVIR to support the development of Ukrainian energy, Hungarian Foreign Minister Peter Szijjártó said Monday. "Hungary will continue to support
Seven Ukrainian frontline regions this month received 600 power generators of varying capacities to prepare for the upcoming heating season, the Ministry of Reintegration of the Temporarily Occupied Territories of Ukraine said Monday in a press release. The generators were provided to the Dnipropetrovs'k, Donetsk, Luhansk, Kharkiv, Mykolaiv,
Ukraine has launched a program that allows foreigners to remotely start and conduct business in the country, called uResidency, Digital Transformation Minister Mykhailo Fedorov said in a post on X on Friday. The program is supported by the EU under the Eu4Ua and DT4UA projects and implemented by the Estonian
Ukraine's government has appointed the former mayor of the western city of Zhytomyr, Serhiy Sukhomlyn, as head of the State Agency for Reconstruction and Development of Infrastructure, the government's envoy to parliament, Taras Melnychuk, said Friday in a post on Telegram. The agency was previously headed
The Norwegian government has given the green light to Norfund, the state development finance institution (DFI), to invest in Ukraine, with an eye to boosting the reconstruction of the country. The government has proposed that NOK 250 million ($23.8 million) be set aside in 2024 for Norfund, which focuses
Ukraine and its Western allies are steadily losing the war of attrition against Russia and must change tack to avoid a catastrophic loss and focus on turning Ukraine into a Western-style rather than recovering all lost territories, the Economist says in a leader article to its latest edition. "
The European Investment Bank (EIB) has agreed to help Ukraine attract funds for the construction of a water intake from the Southern Bug River and a main water pipeline to the southern city of Mykolaiv, Ukraine Primer Minister Denys Shmyhal said Thursday in a post on Telegram. "We already
The City of Kyiv will soon sign an agreement with a group of investors to address unfinished construction projects by the major Ukrainian building firms Ukrbud and Kyivmiskbud, the Kyiv City Council said in a press release on Thursday. "We must determine the financing mechanism by the end of
The European Bank for Reconstruction and Development (EBRD) lowered its forecast for Ukrainian economic growth in 2025 after months of Russian attacks wiped out much of the country's energy production capacity. The bank lowered its economic growth forecast to 4.7% for next year, compared with the 6%
US Republican House leader Mike Johnson demanded the firing of Ukraine's ambassador to the United States after President Volodymyr Zelensky's highly publicized visit to an ammunition factory in Pennsylvania on Sunday. "After organizing a partisan campaign event in a battleground state this week, Ukrainian Ambassador
Ukrainian President Volodymyr Zelensky and his Turkish counterpart Recep Tayyip Erdogan discussed boosting trade and economic ties between their countries during a meeting in New York on Wednesday. The two talked about strengthening investment cooperation and involving Turkey and Turkish companies in the reconstruction of Ukraine, the Ukrainian president'
Swedish defense equipment manufacturer Saab is considering starting production in Ukraine as the war boosted demand for military products, CEO Micael Johansson told Reuters on Wednesday. "We have to help Ukraine build sovereign capacity and capabilities, so we need to have partnership with Ukrainian industry in Ukraine and also
Romania's large Black Sea port and robust rail network as well as its membership in both the European Union and NATO make it a likely hub for the reconstruction of neighboring Ukraine, according to an op-ed piece published by Emerging Europe. "Romania has the potential to
Ukrainian President Volodymyr Zelensky met with US energy, finance, and insurance executives in New York on Tuesday, seeking investments for his country's energy sector. "The primary focus was on preparing Ukraine's energy system for the winter," Zelensky said in a post on X. "
Renewable energy firm Elementum Energy plans to build wind power plants with an installed capacity totaling 400 MW in Ukraine in the coming years, the company's CEO Olga Rybachuk told Forbes.ua in an interview published Tuesday. Rybachuk said the company plans to add 200 MW of wind
