European officials expect Iran to deliver ballistic missiles to Russia soon, potentially escalating the war in Ukraine, Bloomberg reported, citing unnamed sources. The missiles pose a greater threat than previously supplied Iranian drones due to their higher speed and payload capacity, according to the report. While the exact details remain
A team from the International Monetary Fund (IMF) is visiting Kyiv for the fifth review of the lender's $15.6 billion aid program for Ukraine, Ukrainian Prime Minister Denys Shmyhal said. The IMF team is meant to decide on an additional $1.1 billion disbursement from the program,
Romania's government has approved a plan to offer to buy the Giurgiulești International Free Port, the only port in neighboring Moldova, to position it as a hub for the reconstruction of Ukraine. Romania's Cabinet approved a proposal to start negotiations with the current owner, the European
The European Bank for Reconstruction and Development (EBRD) is set to give multiple loans to Ukrainian municipalities and companies in the coming weeks, to strengthen the country's infrastructure ahead of winter, a bank official told Reuters.
The International Monetary Fund (IMF) will meet with Ukrainian officials next week to review the country’s budget outlook and consider disbursing an additional $1.1 billion from their loan agreement, Bloomberg reported, citing unnamed sources. The IMF team will visit for about a week starting Sept 4 to review
Investors holding 97% of Ukraine's more than $20 billion in international bonds agreed to a debt restructuring plan, giving the government more room to pay for its war against Russia's invasion and fulfilling a key condition of support from the International Monetary Fund. Approval means the
Ukraine will suspend payments on $2 .6 billion in GDP warrants, a $700 million loan from Cargill Financial Services International and $830 million in bonds of state power firm Ukrenergo, the government said Tuesday.
Ukrainian battlefield testing of bioengineered human tissue to treat vascular injuries has shown positive results, with no patients suffering infections or amputations after wounds from bullets, mines or shrapnel, said Humacyte, the biotech company developing the treatment, known as ATEV. An initial 30-day follow-up on 16 Ukrainians treated
Russia continued a wave of missile and drone attacks for a second day Tuesday, killing at least four people and prompting widespread power outages as it targeted Ukraine's energy infrastructure, local authorities said. Several explosions rocked the Kyiv area as the attacks continued overnight and into Tuesday morning.
A promised $50 billion G7 support package for Ukraine is suffering delays and Ukrainian officials fear it may not be ready in time for an upcoming loan review by the International Monetary Fund, Bloomberg reported, citing unnamed government officials. The $50 billion in funding is meant to come in the
Arkaim Advisors' $470 million Emerging Markets Corporate High Yield Debt Fund has racked up a 12% return this year, beating 99% of its peers, by focusing on debt from Ukrainian companies, according to Bloomberg data. The UK-based firm, which specializes in acquiring debt of health companies in distressed
Dragon Capital, one of Ukraine's most prominent investment firms, said it has sold Ukraine's sixth-biggest warehouse complex, now damaged by the war, to Avrora, the country's biggest retailer in what it described as a "landmark deal" for the war-time era.
Ukrainian malls, factories, hotels, warehouses, retailers and other large businesses doubled the pace of construction of rooftop solar arrays and windmills for their own use in the first half as Russian attacks repeatedly hit Ukraine's power grid, according to national data. In the first half of 2024, businesses
The Swedish government has appointed Ulrik Tideström, its former ambassador to Georgia and Armenia, to the newly created position of special envoy for the reconstruction of Ukraine to promote Swedish businesses seeking to help rebuild the war-torn country. Tideström, currently the director of Diplomatic Training for the Ministry of
