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Mette Frederiksen, the Danish prime minister who took on the six-month EU Council presidency in July, has committed to supporting Ukraine’s efforts to join the EU. “Ukraine should be in the EU. This benefits both Denmark and Europe. During Denmark’s presidency, we will do everything possible to assist Ukraine on its EU membership journey,” she stated. Frederiksen also stressed the need for the EU to strengthen Ukraine militarily and to weaken Russia through sanctions. Furthermore, Denmark’s European Affairs Minister Marie

President Volodymyr Zelenskyy announced an agreement on Ukrainian-American drone production during his visit to Denmark. The agreement involves several companies that will manufacture various types of drones, with a goal to produce hundreds of thousands of units, primarily focusing on interceptor drones, with more planned for the future. One partner is the American company Swift Beat, which specializes in making autonomous drones enabled with artificial intelligence. It is expected to expand its production capacity, and modern drones will be supplied

The decision by the US presidential administration to halt some military aid to Ukraine also impacted weapons already stored in warehouses in Poland. At the time the deliveries were stopped, the inventory included over 20 Patriot PAC-3 missiles, more than 20 Stinger systems, Hellfire missiles, and more than 90 AIM missiles. Ukraine’s multi-layered air defense system combines Soviet-era and Western-made systems, many of which depend heavily on missiles supplied by the US. As a result, Ukraine’s medium- and long-range air

Following a meeting between President Zelenskyy and the American Chamber of Commerce in Ukraine, Economy Minister Yulia Svyrydenko mentioned that the Dobra lithium site in the Kirovohrad region might be the first project. “The Commission for Organizing the Conclusion and Implementation of Production Sharing Agreements (PSA) recently decided to consider launching a tender for the Dobra lithium site. This deposit could be managed by the US-Ukraine Reconstruction Investment Fund,” she explained. A representative from TechMet, an American company, has shown

Throughout the two phases of the Housing for Internally Displaced Persons program, a total of 1,053 loans has been provided. The German government contributed €42.5M in funding and has untilized it completely, according to the Ministry of Community and Territorial Development. They noted that the program is being executed with grant funds from the German government via the KfW development bank. KfW offers preferential mortgage loans to IDPs who have lost their homes or were forced to leave due to

Made based on Iranian blueprints and modified in Russia, Shahed strike drones have become the primary weapon of Russian terror being used against Ukrainian civilians. Since the start of 2025, Russia has conducted over 1,000 drone attacks each week. On June 8 alone, the aggressor state launched 479 drones. These attacks are often combined with missile strikes, overwhelming Ukrainian air defenses. Ukrainian intelligence reports that Russia mass-produces Shaheds at factories in Tatarstan and Izhevsk. Despite their low cost (between $50,000

Rustem Umerov, head of the Ministry of Defense, discussed expanding cooperation between Ukraine’s defense industry and international partners with representatives from over 20 German defense companies, highlighting Kyiv’s initiatives, including an investment attraction project for local production. “Our industry already produces up to 10 million drones annually. With adequate funding, we can develop even more advanced weapons,” he said. Umerov also spoke with German gunsmiths about a project to combine Ukrainian technology with prospective partners’ manufacturing capacity to boost weapon

The European Network of Transmission System Operators for Electricity, ENTSO-E, has raised the maximum electricity export capacity from Ukraine and Moldova to EU countries by 250 MW, bringing it to 900 MW. This will help balance Ukraine’s power system and allow Ukrainian power plants, if there is excess capacity, to earn additional income, which will be used to counteract the effects of Russian shelling and prepare for winter. The decision also permits greater electricity exports during the summer, when solar

Oleksandr Verzhykhovsky, CEO of the Industrial Dairy Company agroholding (IMC), said that by March 2025 IMC had completed investment in its rolling stock. Since 2024, the company has spent about $22M to purchase 300 grain wagons. Currently, the agroholding can transport roughly 80% of its grain to ports using its own wagons. Last year, IMC also made significant investment in renewing and modernizing its agricultural machinery. The company plans to maintain annual capital expenditures on equipment, technology, and infrastructure modernization

An online auction to privatize the state-owned stake (100% of the authorized capital) of the Vinnytsia-based Vinnytsiapobuthim enterprise will take place on August 13. The starting bid is ₴301M ($7.1M) excluding VAT, according to the State Property Fund. Vinnytsiapobuthim’s primary activity involves manufacturing soap, detergents, cleaning, and polishing agents. The lot includes 25 real estate units totaling 31,364 square meters on four land plots covering 4.1 hectares. Additionally, an auction for the sale of the Budfarfor plant in Slavuta is

A Ukrainian manufacturer and developer plans to restart building the NUVO complex on Zhylyanska Street next year, said company CEO Serhiy Pylypenko. He explained that before the war, Kovalska had been ready to start construction and possessed permits for the first two office buildings, but they froze the project “due to obvious circumstances.” Over the ensuing years, the company finalized the project and increased its stake from 50% to 100%, becoming the project’s sole owner. “We plan to bring the

Zhytomyr’s Global UA shopping mall plans to add a second phase covering 19,590 square meters. With this expansion, the shopping center will become the largest in the area, totaling 142,000 square meters. The opening of the second phase is expected in 2026-2027. This phase will attract more tenants such as Auchan, Sinsay, Reserved, LC Waikiki, Comfy, Foxtrot, Jysk, McDonald’s, and KFC. Meanwhile, Ocean Plaza in the capital of Ukraine is negotiating to bring back brands from the Polish group LPP

The Pentagon has stopped supplying some air defense missiles and other precision munitions to Ukraine that were promised by Biden administration. The decision was made due to concerns that US arsenals have become depleted. US Defense Secretary Pete Hegseth directed that supplies be postponed a few weeks after his order to review US ammunition stockpiles, which have been drained. Among the weapons being retained are dozens of Patriot interceptor missiles, thousands of 155-mm high-explosive shells for howitzers, over 100 Hellfire

“When it comes to Ukraine in the short term, Ukraine cannot do without all the support it can get. Last week, President Trump and President Zelenskyy discussed this, focusing specifically on air defense,” said NATO Secretary General Mark Rutte. He added that support for Ukraine from European partners is increasing and “already reaches $45B,” but this support is not immediate, and the allies cannot operate effectively without “practical support from the US.” “It is in the interests of the US

While the US and the international community watch the recent escalation between Iran and Israel, Vladimir Putin moved quickly to escalate hostilities in Ukraine. According to analysts, in June Russian forces took more Ukrainian territory than in any month since November 2023. This mainly involves advancing in the eastern regions and gathering troops near the Sumy area. Ukraine also reported the largest air strike since the full-scale invasion began, which happened in June. Although Russia’s gains are limited, experts believe

Representatives of the German government have already signed the first contract to finance the Ukrainian production of these weapons after German Chancellor Friedrich Merz promised to help Kyiv with their development. The project includes the production of over 500 Antonov-196 kamikaze drones (AN-196), which have a flight range of 1,200 kilometers and carry explosive charges weighing around 50 kilograms. The UAVs will be ready in the coming months. Ukraine is already producing these weapons, and on Tuesday it again attacked

Ukrainian banks issued 458 mortgage loans totaling ₴834.8M in April, a 5% increase from March, according to NBU data. Specifically, 261 loans for ₴492.3M were granted in the primary real estate market, while 197 loans for ₴342.5M were issued in the secondary market. The weighted average effective rate was 8% annually in the primary market and 9.7% in the secondary market. The quality of the mortgage portfolio remains strong, with the share of non-performing loans steady at 15%. Regionally, the

According to a new projection by the Vienna-based economic research institute, annual GDP growth slowed to 1% in the first quarter of 2025, down from 2.9% last year. For 2025, wiiw predicts growth of 2.5%, which is 0.5% lower than their spring forecast. Positive signs from strong consumer demand and robust industrial production, especially in the defense sector, will not be able to offset the damage caused by Russia’s ongoing aggression. Inflation continued to rise from April to May and

ArcelorMittal Kryvyi Rih, Ukraine’s biggest steel plant, faces closure because of soaring electricity costs, said the company’s financial director, Pavlo Zadorozhny. He stated that the company has been losing money for the past four years, and that support from the parent company cannot last forever. In May, the electricity price for ArcelorMittal Kryvyi Rih surpassed €94 per MWh, the highest in Europe. By comparison, in France, where nuclear power is also dominant, the cost was around €20. The primary reasons

The Ukrainian government has initiated a pilot project to develop a municipal rental housing program. Priority will be given to veterans, the relatives of fallen defenders, military personnel, internally displaced persons, orphans, teachers, doctors, and utility workers. The standard housing will be 40 square meters for a family of two, including furniture and appliances. Rent will be calculated using a special formula based on regional conditions and will be considerably lower than market rates – around ₴6,000 ($145) per month