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The Russian Federation still makes a great deal of profit from oil and gas supply to EU countries, but this may change after Donald Trump takes office as the US president. Trump is anticipated to provide support for the US oil and gas industry to stimulate the production of these resources. In addition, the EU stated that they are open to purchasing more American LNG. During his election campaign, Trump talked about increasing oil production in the US and ending

US President-elect Donald Trump announced that billionaire Elon Musk and former presidential candidate and pro-Russian businessman Vivek Ramaswamy will lead the new non-governmental Department of Government Efficiency (DOGE). Musk and Ramaswamy will work outside of government to provide advice and guidance to the White House and cooperate with the Office of Management and Budget to drive large-scale structural reform and create an entrepreneurial approach to government that has never been seen before. “Businessmen will pave the way to eliminate government

Pentagon spokesman Pat Ryder stated that after the US Congress approved additional funding and by mid-October, the US had delivered 83% of critical ammunition to Ukraine, including 155 mm artillery shells, GMLR, Patriot and NASAMS anti-aircraft missiles, and rockets. “We also delivered 67% of our promised air defense capabilities, including Stinger and Hawk missiles, and 60% of our firepower capabilities, including small-diameter bombs and 105mm ammunition,” Ryder said. The Pentagon added that as of November 12, more than $9B in

Ukrainian enterprises that comprise the defense-industrial complex can annually manufacture products with a total value of $30B, Minister of Strategic Industries Herman Smetanin said. Ukraine has already established serial production of an entire range of mortar and artillery ammunition, including the production of 155-mm shells. Ukraine produces a huge range of weapons, from drones to large, armored vehicles. This also includes up to 20 self-propelled artillery units manufactured monthly – more than in any other country in the free world.

Before the sixth review of the EFF’s (Extended Fund Facility) extended financing program, Ukraine had fulfilled all structural beacons by the end of October and all quantitative performance criteria by the end of September, Vladyslav Rashkovan, deputy executive director for Ukraine at the IMF, said during the EBA’s general meeting. According to the the program review, Ukraine can receive the seventh $1.1B tranche. According to Rashkovan, the IMF looks at Ukraine positively, and the EFF program is at the center

The Ministry of Finance, the Ministry of Economy, and the Ministry of Infrastructure selected 136 reconstruction-focused investment projects from 750 proposals submitted through the Dream system. However, not all of them will receive funding from the planned ₴25B ($610M) in the draft state budget for next year. The government is forming a short list of priority projects, said Deputy Minister of Finance Denys Ulyutin. “After the first stage of the public investment management reform, we realized that not many projects

The Government of Finland will provide Ukraine a loan of up to €50M for energy, education, and infrastructure projects. The grant represents at least 35% of the total cost, allowing preferential financing conditions. Finland is the fifth largest donor of military, humanitarian, and financial aid to Ukraine as a share of the country’s GDP, with about €2.5B or 0.9% of GDP. Ukraine also received a $1.35B grant from the US through the World Bank, said Prime Minister Denys Shmyhal. According

The ARX company, a subsidiary of the international Fairfax Financial Holdings group, together with the DFC (US International Development Finance Corporation), will offer Ukrainian and international companies coverage for property against the risks of damage due to missile attacks, drone attacks, and their debris in amounts up to ₴100M ($2.5M) for a separate insurance object. Coverage can be provided throughout Ukraine, except in regions close to the frontline and the Russian border. The DFC concluded a reinsurance contract with ARX,

The full-scale war has caused severe economic losses to Ukraine. Gross value added fell by 21%, and Ukraine’s need for reconstruction funds totals $486B. Ukraine’s industrial sector, once the backbone of the economy, has been particularly affected by the war. The total direct commercial damage from the war is estimated at $13.1B, and the assets of at least 426 large and medium-sized private and state enterprises have been damaged or destroyed. Illich Iron & Steel Works is the second largest

BGV Development, a real estate development company from co-owner of the ATB supermarket chain, Gennady Butkevych, is investing in a premium cottage town near Kyiv, Equides Villas, that will be built next to the Equides Club (a 160,000 square meter park and hotel complex). A total of 51 villas is planned to be built at $4,000-5,000 per square meter. Buyers can purchase villas for themselves or put them under management and rent them out, which will be handled by the

According to LUN Development Director Olena Unanyan, in the pre-war year 2021 there was an active post-COVID period when the prices were rising, developers were actively launching projects, and apartments sold quickly. On average, developers used to launch 100 residential complexes per quarter. In the first year of the full-scale war, this indicator dropped by 68%, to 34 housing units per quarter. However, starting from the second quarter of 2023, a noticeable market recovery has been recorded. Despite challenges, the

Donald Trump, who won the US presidential election, is interested in two points of President Volodymyr Zelensky’s Victory Plan, which he presented to Trump during a meeting in September. The first offers Ukrainian troops as replacements for American troops stationed in Europe after the war’s end. The second was first developed by Republican Senator Lindsey Graham, a Trump ally, who proposed sharing Ukraine’s critical natural resources with Western partners. Separately, business leaders in Ukraine are discussing with the government the

US President-elect Donald Trump plans to nominate Florida Senator Marco Rubio as Secretary of State. The senator has recently supported Trump’s narratives on international issues, particularly concerning the stalemate in Russia’s war against Ukraine. In April, he was one of the senators who voted against allocating $60B in aid to Ukraine. Recently, he spoke about the fact that Ukraine needs to focus on reaching an agreement with the Russian Federation without the mandatory return of all occupied territories. “I’m not

British Prime Minister Keir Starmer will call on US President Joe Biden to allocate a $20B loan to Ukraine before Donald Trump takes office as the next US president. The British prime minister will also insist that the US finally allow Ukraine to fire long-range Storm Shadow missiles deep into the Russian Federation. The G20 Summit in Rio de Janeiro may be of decisive importance, as the allies will discuss accelerating support for Ukraine. London is currently focused on ensuring

From January to September, solvent Ukrainian banks earned ₴118B ($2.8B) in net profit. The NBU explained that the primary income sources were the increase in lending volumes and investment in government securities. Since the beginning of the year, the hryvnia loan portfolio increased by 14.5% and the net portfolio by 23.6%. The investment volume in OVDP increased by 21.1%. A decrease in the value of deposits was observed, which allowed a high net interest margin to be maintained. Out of

A leader in Polish commercial real estate, the Newgate Investment Fund belongs to the founder of the chain of Comfy stores, Stanislav Ronis. The value of the company’s portfolio is already estimated at €300M. The fund specializes not only in the purchase of new objects but also in the modernization of existing shopping centers, increasing their profitability. Examples of these investments are Wysockiego Park Handlowy in Białystok, with a rental area of ​​more than 16,000 square meters, or Galeria Sieradzka

In 2024, a million drones have already been delivered to the front, and 96% of them are Ukrainian-made, the Ministry of Digital Transformation reports. Brave1 defense cluster participants have already developed 3,086 pieces of equipment including drones, EW technologies, robotics, AI technologies, communication technologies, and other military technologies. About half of these innovations have received military approval, and over 220 inventions meet NATO standards. The state is increasing funding, and the draft budget for 2025 allocates ₴54.55B (this year –

Over the past several years, Interpipe, a Ukrainian producer of pipes and railway wheels, has invested about $1B in the construction of a modern electric steelmaking complex – Interpipe Steel, which already meets the goal of the European Green Deal for 2030 as well as lines capable of producing finished products, said CFO Serhiy Kuzmenko. He added that this opened new market segments for the company, including tubes with premium joints and wheels for high-speed passenger service. “Despite today’s risks,

The EU wants to increase imports of liquefied natural gas from the US to reduce dependence on Russian gas and convince the next US president, Donald Trump, not to impose tariffs on European goods. EU officials insist that increased LNG imports from the US will help ease Trump’s concerns about the trade deficit. “We look forward to working with the new Trump administration to cement America’s role as a leading supplier of clean liquefied natural gas,” said Venture Global (a

Brussels is changing its spending policy to redirect tens of billions of euros to defense and security in response to Russia’s war in Ukraine and Donald Trump’s return to the White House. The changes could affect around €392B allocated to so-called cohesion funds until 2027. While these funds cannot be spent directly on military equipment, the new initiative will allow member states to invest in so-called “dual-use technologies,” such as drones, and infrastructure upgrades, including roads and bridges, that will