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On the night of April 24, Russian forces attacked Ukrainian cities with 70 missiles and 145 UAVs. Powerful explosions echoed through Kyiv and Kharkiv. At least 12 people were killed in the capital, with another 90 injured. In Kharkiv, the attack damaged a manufacturer of commercial equipment – UBC Promo. Railway infrastructure was also impacted in Kyiv and the Kharkiv region. This marks the fourth major shelling of Ukraine in the first four months of the year, with the most

The US aims to finalize a peace agreement within the first 100 days of Trump’s presidency. US President Donald Trump stated that he does not regard the specifics of the upcoming peace agreement between Ukraine and Russia as crucial, provided it brings an end to the conflict. Trump emphasized that he is willing to endorse any solution that satisfies both parties. “I just want the war to end. I don’t care. If both Zelenskyy and Putin are content, they can

US President Donald Trump remarked: “I believe we have an agreement with Russia. We should finalize an agreement with Zelenskyy. I thought he would be easier to negotiate with.” Dmitry Peskov, press secretary to the Russian President, told Le Point that the war in Ukraine would end immediately if Kyiv agrees to withdraw troops from the four regions of Donetsk, Luhansk, Zaporizhia, and Kherson. Concurrently, France asserted that European countries believe any peace deal must respect Ukraine’s territorial integrity. However, Polish President

On April 24, Ukraine announced that it was not able to negotiate an agreement with debt holders regarding the $2.6B connected with GDP warrants. Nevertheless, the Finance Ministry intends to continue discussions. If Kyiv fails to achieve a timely restructuring, it will have to default on a payment of nearly $600M that is due in late May and linked to Ukraine’s economic performance in 2023. The GDP warrants originated from a previous restructuring of Ukrainian debt in 2015. They have

As of April 1 2025, the total amount of consumer deposits, including those from individual entrepreneurs (FOPs), in Ukrainian banks surpassed ₴1.392T, which is ₴1.7B ($40M) more than at the beginning of March. According to the Deposit Guarantee Fund, out of the total consumer deposits, those in hryvnia account for ₴892.8B (-₴4.8B), while deposits in foreign currency total ₴500B (+₴6.5B). FOPs represent 3.2% of all depositors and 11.2% of the total deposited amount, with their account totals reaching ₴156.6B. Most

According to Finance Minister Serhiy Marchenko, this year’s macro financial support from Ukraine’s key partners will amount to $16.8B, completely covering its external financing needs for 2025. However, Ukraine must remain vigilant for any developments. The minister emphasized that in 2026, international support “will continue to be critically important for maintaining financial stability, restoring the economy, and attracting foreign investment.” Marchenko also highlighted the strengthening of Ukraine’s financial system. Thanks to the growth of domestic revenue and stable financing, the

On April 24, the Finnish company, Peikko Group Corporation, officially announced the commissioning of an industrial building for a future plant that will produce concrete compounds and composite structures in the Bila Tserkva industrial park in the Kyiv region. The import of equipment will continue throughout May, after which the company will begin manufacturing products for the construction industry. Peikko Group will take advantage of tax and customs incentives provided by law for participants in industrial parks –which includes exemption

European officials worry that disagreements with the US over the Russia-Ukraine war could test bilateral relations, weaken transatlantic security, and potentially disrupt a NATO summit in June. The Trump administration has proposed a deal to Kyiv that includes US recognition of Russian control over Crimea and also excludes Kyiv’s membership in NATO. European officials have stated: “Crimea and future aspirations for NATO membership are red lines for us. We cannot abandon them”. The Crimea issue could lead to a serious

The country has 17 bioethanol plants with a production capacity of 430,000 tons of G1 alcohol, used as an eco-friendly additive for gasoline in the EU and Switzerland. Since May, Ukraine has mandated a 5% bioethanol blend in gasoline, but the market only requires 100,000 tons of bioethanol. Ukraine actively exports this eco-friendly fuel to Europe under a current quota of 100,000 tons per year. By June 5, this quota could be lifted if a duty-free export regime is implemented.

Both state institutions and private companies are eligible to secure funding for the implementation of projects related to renewable energy sources. Priority is being given to solar and wind energy projects. In addition to financing, companies may also benefit from technical and consulting assistance. The minimum capital investment required is $25M for private sector projects and $10M for public sector projects. The TeamUp program connects leading technologists with entrepreneurs and business specialists, providing support for the creation of impactful startups

The undisputed leader in Ukrainian grocery retail, the ATB chain, already had 1,257 stores by the end of 2024. Last year, the retailer opened 47 new outlets and renovated 11 more locations. In turn, Fozzy Group launched 84 stores simultaneously but closed 32. After the moves, the company’s chains (Silpo and Fora, among others), their total number of stores climbed to 826, which is 100 stores more than before the war. In third place is Clever Stores, which opened 87

Over the past two years of the Brave1 technology cluster’s operation, more than 1,500 developers have joined, and have registered over 3,500 technological solutions according to Brave1 COO, Nataliya Kushnerska. She noted that approximately 80% of all defense tech solutions introduced at the front were created by cluster participants. These include ShaBlya turrets, the Lys platforms, the Lyut combat robot, the TerMIT logistics and evacuation platform, and the Volya-E ground drone. Additionally, the Ministry of Defense has approved more than

The FT reported that Putin put forward to US President Donald Trump that Russia would cease hostilities in Ukraine, freezing the conflict at the current front line. The Russian leader reportedly told Trump’s special envoy Steve Witkoff during a meeting in Saint Petersburg that Russia is willing to relinquish its claim to four partially occupied Ukrainian regions (Donetsk, Luhansk, Zaporizhzhia, and Kherson). In exchange, Putin seeks broader geopolitical concessions from the US, such as recognizing its ownership of Crimea and

US Secretary of State Marco Rubio refused to travel to Britain after Ukraine declined to relinquish its territories to Russia. The foreign ministers of the UK, France, Germany, and Ukraine postponed their high-level Ukrainian peace talks. Discussions were held among senior officials from five countries – Ukraine, the US, the UK, Germany, and France. Rubio was expected to attend the meeting in London, but he opted out because Ukraine rejected a key aspect of the Trump administration’s peace plan: recognizing

During a delegation meeting in London on April 23, Ukraine reaffirmed its principled stance that it is willing to negotiate. However, as Minister of Economy Yulia Svyrydenko stated: “There will be no agreement that provides Russia with stronger foundations for regrouping and returning with increased violence. A complete ceasefire – on land, in the air, and at sea – is a necessary first step.” She added that Ukrainians will not accept a frozen conflict masked as peace. “We will never

US President Donald Trump is preparing a “final offer” for Ukraine to end the war, which would require Kyiv to give up the territories that are currently occupied by Russia. Ukraine considers the US offer as too favorable for Russia, as the US offers the following concessions: Legal recognition of Crimea as part of the Russian Federation De facto recognition of the partial occupation of the Luhansk, Donetsk, Zaporizhzhia, and Kherson regions A promise that Ukraine will not become a

This year, warehouse space in Kyiv will increase by a record amount, which will help increase vacancy in the tight logistics market. Last year, the total supply of warehouse area in the capital grew by 109,000 square meters (+23% by 2023) and reached 1.39 million square meters, according to the commercial real estate agency CBRE Ukraine. The key trend in the market last year was the consolidation of transactions. “While transactions up to 5,000 square meters dominated from 2019 to

A group of warrant holders has signed non-disclosure agreements and commenced limited negotiations with the Ukrainian side last week. In-person meetings are anticipated this week in Washington as part of the IMF and World Bank meetings. One of the options under consideration includes a partial cash payment and a partial payment in bonds for an obligation valued at approximately $500M, maturing on May 31. Among the negotiation participants are hedge funds Aurelius Capital Management LP and VR Capital Group. Currently,

Arsen Didur, executive director of the Union of Dairy Enterprises, warns that large cheese producers in Ukraine may cease operations by the end of 2025 if imports capture 80% of the domestic market by then. Currently, 20-30 large and medium-sized enterprises, which employ 200,000 people, account for most of Ukraine’s domestic cheese production. If the situation doesn’t change, the share of imported hard cheeses will continue to rise, resulting in the loss of Ukraine’s cheese industry. This will lead to

As stated by Minister of Agrarian Policy Vitaly Koval, these concentrates are produced at TBF Group plants, which process around 300,000 tons of raw material each season. The main markets for these products include not only retail food chains in Ukraine but also the EU and the US. Additionally, most of these plants are built following the greenfield principle, enabling the use of advanced production technologies and improved energy efficiency. Furthermore, all of the group’s facilities operate using a closed