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The Victory Plan consists of five points and three secret annexes that have been provided to Ukraine’s partners. The five points are: The first point is geopolitical, and presupposes Ukraine’s invitation to join NATO immediately. The second point emphasizes the importance of shooting down drones in Ukrainian skies by European neighbors and the need to lift restrictions on the use of Western long-range missiles inside the Russian Federation. The third point provides for the non-nuclear deterrence of Russia. Ukraine proposes

said European Commissioner for Energy Kadri Simson after a meeting of energy ministers in Luxembourg. “We knew this contract would expire before the end of the year. The EC is working closely with the most affected member states to prepare for a zero-transit scenario. Central and Southeastern Europe already have diversified supply options to fully replace these 14 billion cubic meters of Russian gas, and LNG terminals have enough capacity. There is a transport infrastructure, and there are various supply

The IMF approved the tranche’s provision at the working level on September 10, but the Fund’s executive board still needs to give its final approval. “Ukraine has already undergone several reviews of the IMF program exceptionally well and completed the fifth review about a month ago. It has done well and fulfilled all the structural beacons and indicators that had to be fulfilled over the summer. Therefore, I think we will soon approve the review, and Ukraine will continue successfully

The Financial Action Task Force (FATF) will decide on October 22 whether to add Russia to its blacklist. Publicly, the FATF has stated that it considers Russia’s aggression unacceptable, but in practice, downgrading Russia’s rating requires a consensus of all members. The organization includes about 40 countries, including those that have abandoned sanctions against Russia – China, India, Brazil, South Africa and Saudi Arabia. Therefore, it is unknown whether a consensus will be reached. Russia’s exclusion by the FATF will

Metallurgical enterprises in Ukraine are currently faced with three primary risks: the possible loss of coking coal production in Pokrovsk, problems with electricity supplies, and the sea corridor ceasing operations due to shelling. As stated by President of Ukrmetallurgprom Oleksandr Kalenkov, if a coking coal production enterprise is lost to the Russians, this resource would then need to be imported, increasing costs by approximately 35-40%. Among the other problems facing Ukraine’s mining and metallurgical complex, Kalenkov identifies an increase in

International manufacturer of building materials CRH has officially completed a deal to purchase the assets of Dyckerhoff in Ukraine from Buzzi, an Italian company. The Dyckerhoff group’s total revenue in Ukraine for 2023 amounted to €85.6M. The amount of the deal, which took over a year to complete, totals €100M. The assets acquired in Ukraine include two key cement plants, Volyn-Cement in the Rivne region and Yugcement in the Mykolaiv region, as well as concrete mix production plants in the

According to Agrohub, the actual EBITDA for the main crops in 2023 is $129 per hectare, while the forecasted values ​​at the beginning of the year were not so optimistic – $94 per hectare. As well, compared to 2022 the companies’ income increased by 200% – when the actual EBITDA was $47 per hectare. Corn’s profitability increased the most – to $38 per hectare based on sales results. Farmers believed it would not provide a profitable EBITDA, with -$47 per hectare

In the first half of the year, the average number of visitors to shopping malls in Ukraine increased by 4% compared to last year. According to UTG, the number of visitors to shopping and entertainment centers was 380 per 1,000 square meters, while in 2023 this figure was 367 people. The number of visitors to regional shopping malls increased from 280 to 305 people. For comparison, due to the war and the closure of shopping malls, the number of visitors

₴171.4M  in state funding within the framework of the Made in Ukraine program has been allocated to three industrial parks. The support will go to the Bila Tserkva 2 (Kyiv region), VinIndustry (Vinnytsia) and City of Glass (Kyiv region) industrial parks. The initiator of of the Bila Tserkva 2 park will receive ₴66.1M in state incentives to construct water supply, sewage, and electrical networks. The total cost of these construction works is ₴132.3M. The state allocated ₴79M to provide access

Patrick Turner, NATO’s senior representative in Ukraine, said that despite the indefinite postponement of Ramstein meeting, the heads of the Alliance’s defense ministries will meet this week to discuss their support for Ukraine. “Commitments in key priority areas will be reviewed this week at the meeting of NATO defense ministers in Brussels, which will be attended by the Minister of Defense of Ukraine Rustem Umerov, within the framework of the Ukraine-NATO Council meeting.” Turner recalled that the allies agreed to

Russia’s aggression against Ukraine has caused a noticeable increase in projectile production in Western countries, but due to a lack of raw materials and long production cycles, it still does not meet Ukraine’s needs, notes the FT. Companies also need long-term contracts to raise capital and increase production capacity. Germany’s Rheinmetall had a 100,000-unit 155 mm shell annual production capacity in February 2022, and annual production will reach 1.1 million by 2027. Sweden’s Saab has doubled its production capacity to

The European Parliament’s Trade Committee, supported by an overwhelming majority of votes, to provide financial support to Ukraine through a €35B loan secured by the Russian frozen assets. “This is the EU’s contribution to the G7 initiative to support Ukraine by allocating $50B,” the European Parliament said in a statement. Payments for this extraordinary macro-financial loan will be coordinated through the Credit Mechanism for Cooperation with Ukraine. Ukraine can use the new macro-financial credit in the areas it considers necessary.

According to Andriy Bukin, Deputy Chairman of the Board of Pivdenny Bank, 72% of these funds were invested by entrepreneurs, 15% was money from state or local budgets, and bank loans account for only 3%. “The amount of money those Ukrainian enterprises invested in developing intangible assets in 2023 exceeded ₴390B ($9.5B). And this figure is close to the volume of the corporate credit portfolio of the entire banking system of Ukraine, which is about ₴550B ($12.2B),” Bukin added. The

Emigration from Ukraine will continue. According to immigration specialist Andriy Haidutskyi, this is influenced by such factors as: High difference in wages. Salaries in Poland are 300% higher, in Britain – 600%, in Germany – 700%, in the US – 1,100%. Continued support, specifically for newly arrived Ukrainians, in developed countries, which is used to attract new employees, consumers, and taxpayers. Activation of military operations in certain regions; power outages Therefore, according to Haidutskyi, other countries will not contribute to

said the head of the Parliamentary Finance Committee, Danylo Hetmantsev. However, he specified that after measures taken by the state, this amount will decrease to ₴420-430B ($10B). At the same time, there are industries, such as trade, where the shadow economy rate is 60-70%. Talking about the government’s achievements in the fight against the shadow economy, the government official mentioned that the bill supported last week establishes a guaranteed tax liability for distilleries based on their capacity and not on

Deputy Minister of Agrarian Policy Taras Vysotskyi stated: “Due to difficult climate conditions, this year’s harvest is somewhat smaller than last year’s. Also, there are no transitional residues from the previous period this year. Therefore, grain exports are estimated at 40 million tons, not a record volume. We are sure that the existing infrastructure, particularly the Danube region, land railways and roads, and the sea corridor, will allow this volume to be exported.” Vysotskyi also commented on the preparations of

A Turkish company, Atlas Global Energy, plans to build new wind energy facilities in the Zhytomyr region, reported the head of the Zhytomyr OVA, Vitaliy Bunechko. “We are sure that the new wind power plant project will be another example of our fruitful cooperation and will open new perspectives for Ukraine’s energy independence,” he said. According to the OVA head, alternative energy facilities (SPP, HPP, and biogas plants) are already operating in the Zhytomyr region, the total installed capacity of

According to Minister of Digital Transformation Mykhailo Fedorov, companies registered on the Brave1 platform have already received $8M in grants from the state to develop their technological startups. “About 3,000 companies are registered on the Brave1 platform, 99% of which did not exist before 2022. We provide expertise so they can focus on their development,” he said. In addition, cluster members actively attract investment from international donors. According to Fedorov, the total amount of such investment may reach $50M by

Energy ministers from European countries are discussing the import of Russian natural gas against the backdrop of Ukraine’s suspension of transit beginning December 31. Kyiv and Moscow have stated that they are ready to find a solution in which Azerbaijan can be involved. The final decision will likely be made at the last minute or at the beginning of 2025. Slovakia, together with Austria, are the leading gas consumers of Russian gas and would like to continue gas transit through

The Cabinet of Ministers have allowed the State Property Fund (SPFU) to auction the state’s ownership Aeroc, an aerated concrete production enterprise seized in 2022 from Russian Andrey Molchanov. The starting bid for the state’s 100% share of Aeroc is ₴965.3M ($23M). The future buyer must maintain the company’s main activity, pay off debts to employees and state, and refrain from layoffs for six months. Aeroc is one of the key players in the Ukrainian aerated concrete market, manufacturing products