The Ukrainian military's surprise advance into Russian territory this month has cast a new light on the war in Ukraine. Once seen as battered and increasingly willing to make concessions for peace, Ukraine is now viewed as stronger, more energized and more likely to stay in the fight
Ukraine has exported 64.4 million tonnes of cargo, including 43.5 million tonnes of farm goods, through the Black Sea maritime transport corridor since it opened a year ago, the Infrastructure Ministry said. Some 2,379 ships have supplied goods to 46 nations through the corridor, which opened with
Ukraine's government will cover up to 50% of the cost of reconstruction, or construction, of irrigation systems for farmers and will pay them to keep farming in frontline areas, Prime Minister Denys Shmyhal said. The funds will come from a UAH 200 million ($4.9 million) allocation from
(Below is the introductory article in a URN series, to be published over the coming weeks, on medical and industrial cannabis in Ukraine, its potential uses in the reconstruction of the country and the possibilities for foreign investors.) Today, Aug. 16, the law regulating cannabis in Ukraine changes. The new
At least 1,646 medical facilities have been damaged and 215 have been completely destroyed in fighting in Ukraine since Russia's full-scale invasion of February 2022, Ukraine's Health Ministry said. At the same time, 587 ambulances have been destroyed, damaged or seized by Russian forces.
Ukraine's government has approved a plan to boost renewable energy to account for 27% of all energy consumed in the country by 2030, with a total investment of $20 billion. The sector will add 10 gigawatts of new generation capacity within six years, bringing the portion of renewables
The European Bank for Reconstruction and Development (EBRD) has agreed to lend €70 million to help Nova Post, a private Ukrainian postal and courier company, expand and upgrade operations. The loan aims to help the company expand its parcel locker network by 25% and start running it 24 hours a
Fitch downgraded Ukraine's credit rating to Restricted Default after the country temporarily defaulted on its 2026 Eurobond payment as part of a $20 billion debt restructuring plan. The ratings agency cut Ukraine's Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to 'RD' from 'C&
Ukraine received a €4.2 billion transfer under the European Union's €50 billion Ukraine Facility package of grants and loans aimed at helping rebuild the country, Economy Minister Yulia Svyrydenko has said. The payment comes after Ukraine met nine conditions for the payment, including digitizing the customs service,
Ukraine's deputy energy minister and three others have been arrested for allegedly accepting a $500,000 bribe in exchange for the transfer of state-owned coal mining equipment, state anti-corruption authorities said. Ukraine's National Anti-Corruption Bureau (NABU) alleged that Deputy Energy Minister Oleksandr Kheil, who it did
Foreign citizens have opened 3,075 companies in Ukraine since the full-scale Russian invasion of February 2022, led by company openings in wholesale trade, according to company registration data. The data, tracked by analytics firm Opendatabot, shows Turkish citizens were the most likely to start companies in Ukraine, with 396
Cement production by Ukrainian manufacturers jumped 24.4% in the first half of 2024 compared to the same period last year as the need for reconstruction materials increases with war damage. Output rose to 3.8 million tons between January and the end of June this year, Ukrcement, the national
A German-supported program to teach Ukrainians skills needed to rebuild their country has finished training 1,200 people and plans to raise that number to 2,000 by the end of the year, Ukraine's Economy Ministry said. The Skills4Recovery program, administered by the German state-run Deutsche Gesellschaft für
Olympic victories have helped position the reconstruction of Ukraine's sports program as a fundamental part of the $500 billion-$1 trillion physical rebuilding of the country after the war, say sports figures and government officials.
Ukraine's Health Ministry appointed representatives of the UNDP, Unicef and the Embassy of Lithuania to a committee overseeing the rebuilding of a missile-struck children's hospital after complaints of poor transparency thwarted an earlier attempt at reconstruction. Representatives of the three bodies are among the first eight
Kyivstar, Ukraine's largest mobile operator, said it boosted investments by 63.1% year-on-year in the second quarter of the year to rebuild and upgrade the country's war-damaged telecommunications network. The company, which has 23 million mobile subscribers, said it invested UAH 2.275 billion ($55 million)
