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Over the three years of the full-scale Russian invasion, prices in the primary housing market in Ivano-Frankivsk have increased the most, by 63%. During this time, the cost of a square meter in the city rose from $520 to $850, according to market experts. For comparison, in Kyiv a square meter has increased in price by 3% during the war, rising from $1,250 to $1,290. The top five cities where housing in new buildings has become more expensive also include

Austrian energy firm Wien Energie, alongside Ukrainian UDP Renewables, aims to develop an industrial green cluster in Volyn featuring the hydrogen production facility. If realized, this initiative will mark Ukraine’s first industrial energy cluster centered around renewable energy sources. Investment company UDP Renewables forecasts a rising demand for hydrogen, in light of the EU’s strategy to achieve climate neutrality by 2050. Consequently, Wien Energie, fully owned by the municipal government of Vienna, is exploring avenues to create these clusters. The

While the ongoing full-scale war is the primary cause for the drop in foreign investment Ukraine has experienced, there are additional barriers at play, according to Oleksandr Vodoviz, a senior executive at Metinvest Group. “Before the war, large corporations secured loans amounting to hundreds of millions or even billions of dollars. Now, we are limited to seeking financing in the range of €5-10M,” he noted. A major obstacle to investment in Ukraine is the NBU’s limitations on dividend distributions and

US President Donald Trump has signed an executive order that will raise tariffs on steel and aluminum imports from 25% to 50% effective June 4. As evidenced by the executive order, Trump has concluded that increasing the tariffs was necessary to regulate imports of steel and aluminum products and their derivatives to eliminate a threat to national security, based on current data. Until March 12, when the 25% tariff on steel and steel product imports took effect, Ukraine had a

The Ministry of Development and Trade announced: “The total Japanese humanitarian, technical, and financial support we have received is approximately $15B. We also intend to actively involve Japanese businesses in Ukraine’s restoration efforts.” Both countries are executing joint initiatives via the Japan International Cooperation Agency (JICA). In terms of transport infrastructure, the areas of focus include: Railways. Through grant assistance, Ukrzaliznytsia has received 25,000 tons of rail and heavy construction equipment to maintain seamless logistics, with plans to order an

Ruslan Shostak, the president of TERWIN Corporation and founder of EVA and VARUS, asserts that prior to the full-scale Russian invasion in 2022, Ukraine had roughly 17.3 million able-bodied citizens. Presently, about 4.8 million people have left the civilian labor market due to military service, employment in the defense sector, mobilization evasion, or relocation abroad. “Currently, the personnel shortage has become one of the main driving forces of economic change in the country. In particular, the unprecedented growth of wages,”

The Ukrainian drone raid deep inside Russian territory has provoked anger and concern among Kremlin officials, who recognize the vulnerabilities of their air fleet that is capable of carrying nuclear weapons. A recent operation targeting airfields in Siberia showcased Ukraine’s capability to hit critical assets thousands of miles from the front lines, previously deemed safe by the Russian military. While Russian experts acknowledge the attack’s significance, Russian leadership has opted to remain silent. Just a few of these bombers are

Three Ukrainian companies are currently manufacturing these drones, which cost about $5,000, though some interceptors can be as inexpensive as $300 per unit, according to Oleksandr Kamyshin, an adviser to the Ukrainian president on strategic issues. For comparison, the Russian-produced shaheed, known as the Geran-2, costs approximately $35,000. The operational principles of the interceptors vary; some are designed to explode near the enemy drone, while others require a direct hit. Russia aims to increase its drone production from the current

According to the Ministry of Finance, this week a World Bank team, along with representatives from the Ministry of Finance and the Ukrainian government, will collaborate to finalize the key parameters of a new loan agreement from the IBRD to support the Fundamentals of Growth development policy, totaling at least $1B. “We continue our joint work on a new Development Policy Operation (DPO) agreement, thanks to which we will be able not only to attract the necessary resources to support

DTEK has reached an agreement with a consortium of Ukrainian banks led by Oschadbank for this unprecedented financing aimed at modern energy storage systems in Ukraine. Three Ukrainian banks – Oschadbank, FUIB, and Ukrgasbank – will contribute approximately ₴3B (€67M) to fund the construction of this large-scale energy storage facility. This marks DTEK’s largest domestic loan, focused on developing new energy infrastructure. The loan agreement encompasses the construction of five electricity storage facilities with a total capacity of 180 MW.

The State Property Fund of Ukraine (SPFU) successfully conducted nine online privatization auctions from May 26 to May 30, raising ₴342.32M ($8.3M). On average, the value of the assets available at these auctions increased by 270%. The most expensive item was the state enterprise Kyiv Automobile Repair Plant, which specializes in vehicle maintenance and repair and sold for ₴310M. The buyer, Magistralbudtrade, will pay ₴62M in VAT, leading to a total economic impact of approximately ₴372M from this asset’s privatization.

Head of the EC Ursula von der Leyen discussed coordinating sanctions against Russia with US Republican Senator Lindsey Graham in an effort to end the war. The US senator proposes introducing 500% duties on countries that purchase Russian oil, gas, and uranium. Simultaneously, the EU is preparing its 18th package of stringent sanctions aimed at undermining Russia’s energy revenue. Meanwhile, the leader of the Republican majority in the US Senate, John Thune, has announced his readiness to begin work on

A group of holders of GDP warrants in Ukraine issued a statement regarding the state’s default on these securities. The creditors noted that now Ukraine will be compelled to pay interest on the unpaid amount, said the Ad Hoc Group, which holds more than 30% of the warrants. Ukraine declined to pay $665.5M on its GDP warrants, as it was unable to reach a debt restructuring agreement with creditors. In effect, this represents a payment of about $542M, as the

Following the outbreak of the full-scale Russian war, there has been a substantial increase in Ukraine’s steel imports to compensate for the 40% loss in domestic metallurgical capacity. However, last year Ukraine saw a significant rise in Turkey’s market share. The proportion of metal product imports from Turkey jumped from 17.8% in the pre-war year of 2021 to 51.5% in 2024, with projections suggesting it could exceed 60% this year. An agreement on the Free Trade Zone between Ukraine and

Currently, the most compelling direction for US businesses in Ukraine is the defense sector, particularly projects that can be classified as dual-use technologies, said Valeriy Krasovsky, co-founder and CEO of leading Ukrainian IT company Sigma Software. He emphasized that Ukraine possesses unique experience in the defense sector. Furthermore, Western companies are highly interested in Ukrainian specialists and engineers, as partners are well aware of their effectiveness, Krasovsky added. According to Krasovsky, there are almost no Ukrainian companies, especially in the

In recent years, Ukrainian seed exports have demonstrated steady growth. International companies such as Bayer, KWS, Syngenta, Corteva, Maisadour, and Remington Seeds are actively investing in expanding their capacities in Ukraine. Even during the war, Bayer has invested €60M in a seed factory in the Zhytomyr region. Ukraine is now establishing itself as a global player in the seed market. This sector operates as a distinct business asset characterized by high margins, lower price fluctuations, and a solid foundation for

TwinSocks, a manufacturer and distributor of hosiery products based in Volyn, is preparing to create an eco-industrial park focused on processing technical hemp. This crop has the potential to form the foundation for a new processing industry in the region, encompassing the cultivation of industrial hemp and the production of textile products. Establishing the park will generate additional tax revenues for the local budget, as well as provide benefits and a platform for business expansion. The initiative to create an

Beehive, one of Ukraine’s largest honey exporters, sold 9,000 tons of product last year but now expects to sell only 5,000 to 6,000 tons this year. Tariffs have made Ukrainian honey too costly for European consumers, who are turning to cheaper options from China, India, and Turkey. Previously, Ukrainian exporters sold an average of 8,000 tons of honey monthly from January to June, but that number has now dropped to just 3,500 tons. For several seasons, these exporters have been

Ukrainian Minister of Defense Rustem Umerov reported that the one-hour discussion led to an agreement for new POW exchanges. The two parties agreed to exchange “all for all” seriously ill individuals and those under 25 years old, affecting at least 1,000 people, according to Vladimir Medinsky, the head of the Russian delegation. Additionally, Moscow will hand over 6,000 bodies of deceased Ukrainian defenders. They also proposed a ceasefire lasting two to three days in certain areas of the front, which

French President Emmanuel Macron has called on the US to enact sanctions targeting Russia if Moscow remain unwilling to cease hostilities in Ukraine. German Foreign Minister Johann Wadephul has also pushed for stronger US sanctions to pressure the Kremlin into authentic peace negotiations with Ukraine. Furthermore, Thorsten Frei, head of the German Chancellor’s office, believes the topic of confiscating Russian assets should be reconsidered, given Russia’s refusal to pursue peace and the increased intensity of its attacks. Meanwhile, US Republican