Business news | Latest business news in Ukraine - UBN

Putin is ready to freeze the war at the current front line on the condition that Ukraine renounces NATO.

Today’s News

Thursday, November 21

Putin is ready to freeze the war at the current front line on the condition that Ukraine renounces NATO. Officials close to the Kremlin told Reuters that Russian dictator Vladimir Putin is reportedly ready to discuss with Donald Trump a ceasefire agreement in Ukrai...

The final declaration of the G20 summit contains no condemnation of the Russian Federation’s actions.

Wednesday, November 20

The final declaration of the G20 summit contains no condemnation of the Russian Federation’s...

At the G20 summit, Erdogan plans to propose that the war in Ukraine be frozen.

Tuesday, November 19

At the G20 summit, Erdogan plans to propose that the war in Ukraine be frozen.

The US will allow Ukraine to strike Russian territory with long-range missiles, and France and Britain follow the US’ lead.

Monday, November 18

The US will allow Ukraine to strike Russian territory with long-range missiles, and France and...

The EU has begun to consider exchanging land in peace negotiations for security guarantees.

Friday, November 15

The EU has begun to consider exchanging land in peace negotiations for security guarantees.

Morning Economic Digest

Straight, factual, timely and investable business news and economic trends from Ukraine, Europe’s next Frontier Economy.

Today’s News

Thursday, November 21

The UK allows Ukraine to use British Storm Shadow missiles deep inside Russia.

The UK allows Ukraine to use British Storm Shadow missiles deep inside Russia. According to The Times, the change in London’s position may have resulted from the US giving permission for Ukraine to use its ATACMS long-range missiles, which was announced on November 17. Bri...

The EU will spend the revenue from frozen Russian assets on armaments for Ukraine.

The EU will spend the revenue from frozen Russian assets on armaments for Ukraine. The head of EU diplomacy, Josep Borrell, proposed directing a significant part of the future second tranche of revenue from frozen Russian assets to the Ukrainian defense industry. According to Borrel...

The Economist predicts the cessation of hostilities in Ukraine in 2025.

The Economist predicts the cessation of hostilities in Ukraine in 2025. Fighting between Russia and Ukraine could end in 2025, as both sides are close to exhaustion. The Russian economy is suffering due to Western sanctions, labor shortages, and people leaving the country...

Ukraine attacks another arsenal and a drone factory in Russia with long-range missiles.

Ukraine attacks another arsenal and a drone factory in Russia with long-range missiles. On November 20, an industrial enterprise producing drones came under attack in the Belgorod region, as well as an arsenal in the Novgorod region of Russia. The 13th arsenal of the Main Missile and Art...

The NBU lifts some currency restrictions to support foreign trade and international technical assistance programs.

The NBU lifts some currency restrictions to support foreign trade and international technical assistance programs. On November 20, the National Bank made changes to currency restrictions. “On the one hand, the NBU eased several restrictions to support international cooperation in foreign trade and internatio...

The US is providing a $275M military aid package, Denmark is preparing additional F-16s, and the German parliament is reviewing its Taurus authorization.

The US is providing a $275M military aid package, Denmark is preparing additional F-16s, and the German parliament is reviewing its Taurus authorization. US President Joe Biden approved the supply of anti-personnel mines to Ukraine. The decision is a radical change in his policy and comes in response to the intensification of the Russian offensive in t...

Europe and Canada must unite to guarantee Ukraine's security amid Trump's return to the White House.

Europe and Canada must unite to guarantee Ukraine's security amid Trump's return to the White House. As stated in an open appeal, which was signed by 79 current and former politicians, military personnel, and political scientists who are anxiously waiting to see what Trump will do when he begins his ...

The ruble has collapsed, and refineries are standing still: How is the Russian economy surviving as the third year of the war approaches?

The ruble has collapsed, and refineries are standing still: How is the Russian economy surviving as the third year of the war approaches? Almost all the available Russian economic resources have already been used, and the country finds itself in a unprecedented situation. The unemployment rate has fallen to a historic low of 2.4%, and t...

Germany provides Ukraine with a military aid package containing ammunition and hundreds of UAVs.

Germany provides Ukraine with a military aid package containing ammunition and hundreds of UAVs. The German government announced another package of military aid for Ukraine, which includes tens of thousands of rounds of ammunition of various types, 47 vehicles with mine protection (MRAP), four Pa...

A relocated metal packaging manufacturer will soon open a plant in the Ternopil region.

A relocated metal packaging manufacturer will soon open a plant in the Ternopil region. Andrii Nemtsev, co-founder of the Favor company, relocated his operation from Sumy Oblast to Ternopil Oblast, and the construction of a new tin packaging factory in Ternopil Oblast, which began in May...

Spain has become the leading importer of Ukrainian agricultural products in the EU; how can Ukraine retain its consumers?

Spain has become the leading importer of Ukrainian agricultural products in the EU; how can Ukraine retain its consumers? Spain has become the main importer of Ukrainian agricultural products in Europe, and the primary trade strategy for this country is not to overheat its market with excessive exports to prevent a trade...

The US announces a new military aid package to Ukraine, and France and Britain do not oppose Ukraine's use of long-range strikes, but want restrictions.

The US announces a new military aid package to Ukraine, and France and Britain do not oppose Ukraine's use of long-range strikes, but want restrictions. In the coming days, the US will announce a new package of defense aid to Ukraine, said the permanent representative of the US to the UN, Linda Thomas-Greenfield, at a meeting of the UN Security Counci...

Zelenskyy presents an internal sustainability plan to the Ukrainian Parliament.

Zelenskyy presents an internal sustainability plan to the Ukrainian Parliament. The plan contains 10 points that address issues of unity, human capital, and cultural sovereignty. Zelenskyy plans to present the full version of the plan together with its annexes next month. These a...

Ukraine has increased missile production and is preparing a financial basis for developing the domestic defense industry.

Ukraine has increased missile production and is preparing a financial basis for developing the domestic defense industry. Internal investment in weapons production and involving partners will form a reliable financial basis for the further development of the Ukrainian defense-industrial complex, President Zelenskyy said ...

Ukraine's western regions have the most investment activity in the construction sector.

Ukraine's western regions have the most investment activity in the construction sector. In 2024, the Western regions continued their leadership in the Ukrainian construction market in terms of investment flows, the amount of new housing construction, and price growth. For almost three ye...

Europe must double its defense spending after Trump's inauguration; Poland will produce explosives and ammunition.

Europe must double its defense spending after Trump's inauguration; Poland will produce explosives and ammunition. Europe will probably have to double its defense spending to address the challenge of Russia’s aggression against Ukraine, as well as a possible reduction in American support with Donald Trump...

Ukraine used ATACMS for the first time in the Russian Federation; Trump says this is an escalation of the war.

Ukraine used ATACMS for the first time in the Russian Federation; Trump says this is an escalation of the war. Defense forces struck a Russian ammunition warehouse in the Bryansk region with US-supplied ATACMS missiles, 110 km from the border with Ukraine. At least 12 secondary explosions and detonations took ...

DTEK is building a wind farm near the front, which will provide electricity to more than a million families. How can Ukraine attract RES investment?

DTEK is building a wind farm near the front, which will provide electricity to more than a million families. How can Ukraine attract RES investment? DTEK representative Nataliya Slobodian said: “This is the only case in world history when a renewable generation facility is being built 100 km from a front line under martial law. We have compl...

Ukraine presents an investment portfolio of green projects worth $78B.

Ukraine presents an investment portfolio of green projects worth $78B. At the UN COP29 International Climate Conference, Deputy Minister of Economy Andrii Telyupa presented the Ukrainian National Energy and Climate Plan (NECP), which was developed and approved in less th...

Since the beginning of the full-scale war, the EBRD has invested €2B in Ukrainian energy and is ready to continue.

Since the beginning of the full-scale war, the EBRD has invested €2B in Ukrainian energy and is ready to continue. EBRD representative Olha Yeromina reported that since the beginning of the full-scale war, the bank has invested approximately €5B in Ukraine and approximately €2B to implement energy projects, partic...

During the 1,000 days of the war, Polish businesses have opened 300 companies in Ukraine and are preparing for its reconstruction.

During the 1,000 days of the war, Polish businesses have opened 300 companies in Ukraine and are preparing for its reconstruction. Experts believe that Ukraine can become the same opportunity for Polish companies as Poland was for German companies in the early 90s. Polish companies are not leaving Ukraine, although many are ̶...

Wednesday, November 20

The final declaration of the G20 summit contains no condemnation of the Russian Federation’s actions.

The final declaration of the G20 summit contains no condemnation of the Russian Federation’s actions. In the statement from the G20 leaders that was adopted at summit in Rio de Janeiro’s conclusion, there is only one mention of the war in Ukraine. “Regarding the war in Ukraine, we highligh...

The US announces a new military aid package to Ukraine, and France and Britain do not oppose Ukraine’s use of long-range strikes, but want restrictions.

The US announces a new military aid package to Ukraine, and France and Britain do not oppose Ukraine’s use of long-range strikes, but want restrictions. In the coming days, the US will announce a new package of defense aid to Ukraine, said the permanent representative of the US to the UN, Linda Thomas-Greenfield, at a meeting of the UN Security Counci...

Zelenskyy presents an internal sustainability plan to the Ukrainian Parliament.

Zelenskyy presents an internal sustainability plan to the Ukrainian Parliament. The plan contains 10 points that address issues of unity, human capital, and cultural sovereignty. Zelenskyy plans to present the full version of the plan together with its annexes next month. These a...

Ukraine has increased missile production and is preparing a financial basis for developing the domestic defense industry.

Ukraine has increased missile production and is preparing a financial basis for developing the domestic defense industry. Internal investment in weapons production and involving partners will form a reliable financial basis for the further development of the Ukrainian defense-industrial complex, President Zelenskyy said ...

Ukraine’s western regions have the most investment activity in the construction sector.

Ukraine’s western regions have the most investment activity in the construction sector. In 2024, the Western regions continued their leadership in the Ukrainian construction market in terms of investment flows, the amount of new housing construction, and price growth. For almost three ye...

Europe must double its defense spending after Trump’s inauguration; Poland will produce explosives and ammunition.

Europe must double its defense spending after Trump’s inauguration; Poland will produce explosives and ammunition. Europe will probably have to double its defense spending to address the challenge of Russia’s aggression against Ukraine, as well as a possible reduction in American support with Donald Trump...

Ukraine used ATACMS for the first time in the Russian Federation; Trump says this is an escalation of the war.

Ukraine used ATACMS for the first time in the Russian Federation; Trump says this is an escalation of the war. Defense forces struck a Russian ammunition warehouse in the Bryansk region with US-supplied ATACMS missiles, 110 km from the border with Ukraine. At least 12 secondary explosions and detonations took ...

DTEK is building a wind farm near the front, which will provide electricity to more than a million families. How can Ukraine attract RES investment?

DTEK is building a wind farm near the front, which will provide electricity to more than a million families. How can Ukraine attract RES investment? DTEK representative Nataliya Slobodian said: “This is the only case in world history when a renewable generation facility is being built 100 km from a front line under martial law. We have compl...

Ukraine presents an investment portfolio of green projects worth $78B.

Ukraine presents an investment portfolio of green projects worth $78B. At the UN COP29 International Climate Conference, Deputy Minister of Economy Andrii Telyupa presented the Ukrainian National Energy and Climate Plan (NECP), which was developed and approved in less th...

Since the beginning of the full-scale war, the EBRD has invested €2B in Ukrainian energy and is ready to continue.

Since the beginning of the full-scale war, the EBRD has invested €2B in Ukrainian energy and is ready to continue. EBRD representative Olha Yeromina reported that since the beginning of the full-scale war, the bank has invested approximately €5B in Ukraine and approximately €2B to implement energy projects, partic...

During the 1,000 days of the war, Polish businesses have opened 300 companies in Ukraine and are preparing for its reconstruction.

During the 1,000 days of the war, Polish businesses have opened 300 companies in Ukraine and are preparing for its reconstruction. Experts believe that Ukraine can become the same opportunity for Polish companies as Poland was for German companies in the early 90s. Polish companies are not leaving Ukraine, although many are ̶...

Tuesday, November 19

At the G20 summit, Erdogan plans to propose that the war in Ukraine be frozen.

At the G20 summit, Erdogan plans to propose that the war in Ukraine be frozen. Turkish President Recep Tayyip Erdogan intends to present his proposal for freezing the war in Ukraine “at the current level” at the G20 summit in Rio de Janeiro. According to Erdogan̵...

North Korea’s participation in the war against Ukraine convinced Biden to lift restrictions on long-range strikes.

North Korea’s participation in the war against Ukraine convinced Biden to lift restrictions on long-range strikes. The initial targets may be Russian positions in the Kursk region, where about 10,000 Korean troops are currently stationed. ATACMS strikes are believed to be more effective than long-range Ukrainian d...

North Korea might send 100,000 troops and transfer long-range weapons to Russia; China, despite its denials, is also arming Russia.

North Korea might send 100,000 troops and transfer long-range weapons to Russia; China, despite its denials, is also arming Russia. North Korea may deploy up to 100,000 soldiers to help Russia in its war against Ukraine. According to Bloomberg, this military support is likely to occur in stages with troop rotation over time rather...

In October, Ukraine’s GDP growth slowed three times, while the export figure exceeded the previous year’s volume.

In October, Ukraine’s GDP growth slowed three times, while the export figure exceeded the previous year’s volume. Ukraine’s economy grew by 4.2% over the 10 months of the year, and in October growth slowed to 1.3% against 3.8% in September, reports the Ministry of Economy. It is noted that the drivers of gr...

What can Trump demand from Putin in negotiations to end the war in Ukraine?

What can Trump demand from Putin in negotiations to end the war in Ukraine? Former Deputy Secretary General of NATO Rose Gottemoeller believes that newly elected US President Donald Trump has every opportunity to change the war’s dynamics. Putin presumably wants to retu...

The coalition collapse in Germany could jeopardize the supply of drones to Ukraine, but Germany has already started providing the Mini-Taurus.

The coalition collapse in Germany could jeopardize the supply of drones to Ukraine, but Germany has already started providing the Mini-Taurus. Planned drone supplies from Germany to Ukraine may be in jeopardy following the collapse of the ruling coalition government, known as a traffic light coalition. At the same time, Minister of Foreign A...

NEQSOL Holding, after the purchase of Ukraine’s titanium giant, attracts foreign companies to develop a new strategy for the enterprise.

NEQSOL Holding, after the purchase of Ukraine’s titanium giant, attracts foreign companies to develop a new strategy for the enterprise. NEQSOL Holding, the owner of the second-largest Ukrainian mobile operator, Vodafone Ukraine, has paid ₴3.94B to the state budget of Ukraine for the purchase at the privatization auction of the largest...

The EU has paid Russia over €200B for oil and gas since the start of the full-scale war.

The EU has paid Russia over €200B for oil and gas since the start of the full-scale war. Since the beginning of the Russian Federation’s full-scale invasion of Ukraine, Moscow’s income from the export of fossil fuels has reached almost €785B. Despite sanctions, the EU remains ...

State banks are displacing their competitors: How much did financial institutions earn in three quarters of the year?

State banks are displacing their competitors: How much did financial institutions earn in three quarters of the year? After paying taxes, 62 Ukrainian banks generated ₴117.63B ($2.8B) in profit for the first nine months of the year. Even though the banking sector’s tax rate increased significantly this year, to...

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