An increasing number of countries is joining talks meant to prepare for peace in Ukraine in a "good sign" that the world understands the severity of the situation in the country, Ukrainian presidential chief of staff Andriy Yermak said at a conference in Davos. In total, 83 delegations
Ukrainian President Volodymyr Zelensky is scheduled to meet JP Morgan Chase CEO Jamie Dimon in Davos this week as the country seeks financial commitments to help fight Russia and rebuild its infrastructure, Bloomberg reported, citing unnamed sources. The two will meet at the World Economic Forum as key representatives from
More than $1 billion worth of Stinger missiles, night vision goggles, attack drones and other military equipment that the US has supplied to fight Russia was not properly tracked after it reached Ukraine, according to a report by the inspector general of the US Department of Defense.
Italian Prime Minister Giorgia Meloni is working to persuade her Hungarian counterpart, Viktor Orban, to drop his opposition to a proposed European Union aid package for Ukraine and improve his relationship with Ukrainian President Volodymyr Zelensky, Bloomberg reported, citing unnamed sources privy to the discussions. Orban, whose veto power is
Onur Group, the Turkish construction firm, plans to invest $500 million inUkraine by 2030, doubling its current investment, as it participates in the reconstruction of the country and enters new areas of the post-war economy, Business Ukraine magazine reported. Emre Karaahmetoglu, the general coordinator of Onur Group's
Kinsgpan, the multinational building materials manufacturer, aims to build up to seven factories in a single manufacturing campus in western Ukraine in the next two years and roll out its first Made-in-Ukraine products by 2026 for both the local market and export, a company official told Ukraine Rebuild
(Kingspan details its €280 million investment in Ukraine, for the first time, in a URN Exclusive out today. In this Behind the Scenes sidebar report, Kingspan alerts URN subscribers to the many opportunities the investment could open up, and offers a look at the challenges behind the move.) Although Kingspan&
Japanese Foreign Minister Yoko Kamikawa, speaking at a press conference in a bomb shelter after an air attack warning interrupted her surprise visit to Kyiv, pledged to donate $37 million to a NATO fund that supports drone detection and other air defenses. Kamikawa, who visited Kyiv on Sunday as part
The Ukrainian government has earmarked 3 billion hryvnias ($79 million) this year to support private investors who import new equipment for use in a "significant investment," or a project valued at $12 million or more. The funds are meant to support investments that create capacity in Ukraine to
Japan plans to give biofuel manufacturing technology to Ukraine that would create a new type of industry from common agriculture byproducts as the war-torn nation rebuilds itself, Kyodo News reported. At a meeting in Tokyo next month between private- and public-sector representatives from both countries, Japanese companies are
Expectations of Ukrainian businesses deteriorated in December amid growing uncertainty about the future of foreign aid, trade disputes with neighbors and the ongoing war, according to a monthly survey by the country's central bank. The National Bank of Ukraine business activity expectations, which measures current business assessments and
Ukrainian state gas extractor Ukrnafta has received offers from 25 foreign and domestic companies to form partnerships to help develop 21 oil and gas fields in Ukraine and will extend a deadline to March 1 so they can finish examining the sites. Bidders include several international consortia, with firms from
The European Union is preparing a workaround plan to fund Ukraine with a financing arrangement similar to the one used to provide countries with cheap financing during the Covid era, the Financial Times reported, citing unnamed sources. The plan could provide Ukraine with up to €20 billion in financing even
ArcelorMittal Kryvyi Rih, Ukraine's largest steel producer, plans to increase capital expenditures by 19% to $155 million this year despite the ongoing war, said the company's acting general director, Olena Bizyaeva. Bizyaeva announced the increase, from the $130 million capex budget in 2023, during a visit
Support in Western nations for spending almost $300 billion in frozen Russian assets on Ukraine is increasing, but diplomats and policymakers are now quietly considering using that money to fund the war effort rather than reconstruction, the New York Times reported. The Biden administration is discretely calling on allies in
The European Investment Bank (EIB) has announced the disbursement of €99.6 million in loans for the reconstruction of Ukrainian hospitals, water facilities and other infrastructure damaged by Russian shelling. The loans, to come in tranches of €60 million and €39.6 million, are earmarked for almost 200 small municipal
