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Entrepreneurs from the Kharkiv region announced during a telethon that after the massive shelling and loss of enterprises in the Kharkiv region, they plan to create the first underground industrial park in Ukraine. The director of a bicycle manufacturing company, Andriy Savran, said that in February 2022 Russian shelling destroyed production in the Kharkiv region, causing losses of ₴60M. After operating for a year and a half in the Ternopil region, the company returned to its native region. At the

During the LANDEURO conference organized by AUSA (Association of the US Army), held in Germany and attended by over 2,000 participants, the Brave1 cluster launched the Test in Ukraine platform. This platform provides international companies the chance to test their technologies in real battlefield conditions in Ukraine. The Test in Ukraine platform offers foreign companies the opportunity to receive: Expertise and feedback from the military A fully equipped testing ground Connections with Ukrainian manufacturers for joint production and faster deployment

As European Commission President Ursula von der Leyen noted, if Ukraine becomes an EU member before the end of the seven-year budget period from 2028 to 2034, during which the EU plans to allocate €100B in aid to Kyiv, the budget will be revised. She explained that specific EU rules make a revision necessary. She added that this makes sense, “because we will need to negotiate depending on the size of the country joining the EU”. “We will have to

Poland’s biggest airline, LOT, has announced it is ready to resume flights to Ukrainian cities within six weeks after peace is established and the airspace is considered safe. The airline is already developing a plan to reestablish air services with Ukraine. The first step is to restart regular flights from Warsaw to Kyiv and Lviv, the main destinations for Poles until 2022. Later, the route network could expand to include regional airports in Ukraine, once their infrastructure is restored. Additionally,

The first Patriot missiles, part of the aid package announced by the US, are already en route to Ukraine from Germany, said US President Donald Trump at Joint Base Andrews in Maryland. He stated there would be no financial cost for the US, as EU countries and NATO members will cover the military aid’s cost. Most NATO-funded weapons for Ukraine under the new agreement are either in storage or have been recently produced, so they are ready for immediate shipment,

Russian dictator Putin plans to keep fighting in Ukraine, aiming to seize more territory until the West accepts his terms; Trump’s threats to tighten sanctions have not intimidated him. Putin’s peace conditions include a legally binding promise that NATO will not expand eastward, Ukraine’s neutrality, a reduction of its armed forces, protection of the Russian-speaking population, and recognition of all occupied territories as Russian. Putin believes Russia’s economy and military are strong enough to endure any further Western sanctions. “Moscow

According to the latest data from the NBU, the total amount of funds deposited by individuals in bank accounts in hryvnia and foreign currency increased by 2.5% in June, reaching a record high of nearly ₴1.3T. Since the start of the year, total consumer deposits in banks have grown by 7%, amounting to ₴1.2T. Hryvnia consumer deposits in banks rose by 2.7% in June to ₴856.56B. Additionally, foreign currency deposits, converted to hryvnia, increased by 2.2% in the reporting month

During URC2025 held on July 10-11 in Rome, Ukrainian banks completed a record number of transactions with foreign partners, totaling almost €1.5B. Leading participants in conference activity include PrivatBank, Ukrgasbank, Ukreximbank, Oschadbank, Credit Agricole, Lviv Bank, Piraeus Bank, and Kredobank. As stated by the Chairman of the NBU, Andriy Pyshnyy, all of these funds will be used to lend to Ukrainian businesses, finance social initiatives, develop municipalities, and improve community energy efficiency. Additionally, the Entrepreneurship Development Fund signed a €40.5M

The Ukrainian Parliament approved in the first reading a bill, On the Basic Principles of Housing Policy, which initiates a major housing reform in Ukraine, said Olena Shulyak, the head of the Committee on Regional Development and Urban Planning. According to her, the adoption of this bill is part of the Ukraine Facility program, which will allocate €50B for Ukraine by 2027. The country will have received €300M of this funding by the fourth quarter of this year. Shulyak also

The European Commission intends to approve a historic EU budget for 2028-2034 totaling €1.717T. According to EC President Ursula von der Leyen, €100B of this amount will be allocated to support Ukraine. This will be the largest budget in the EU’s history. The final figure may still change before approval, but if approved, the EU budget will rise to 1.23% of the gross national income of member states, up from 1.1% in the current period (2021-2027). The main priorities of

After passing a law suspending Ukraine’s participation in the Ottawa Convention, which prohibits anti-personnel mines, and its approval by the president, the production of such munitions for the military can begin almost immediately, said Roman Kostenko, Secretary of the Verkhovna Rada Committee on National Security, Defense, and Intelligence. He explained that technically, producing these mines is not complicated, so during wartime, the process can be established quickly. Kostenko believes that Ukraine’s use of anti-personnel mines will substantially change the battlefield

According to a survey by the Institute for Economic Research, 85.6% of business respondents intend to maintain their current production levels over the next two years. An additional 12.1% plan to increase production, while less than 2% expect to decrease it. This marks the highest level of production stability since October 2022. In June, the percentage of companies that increased production rose from 19.5% to 22.6%, while those that reduced it fell from 13.5% to 11.6%. The security situation continues

The Ministry of Defense has introduced the K4 Startup Studio program, which aims to develop military startups using artificial intelligence that can provide a technological advantage on the battlefield. The priority areas will be: AI support in decision-making at the operational-strategic level Instant detection and response to enemy cyberattacks Neutralization of enemy neural networks, including disinformation, spoofing, and attack models Management of Shahed drone interceptors Four teams participating in the program will be eligible to receive grants of $250,000 for

Ukraine will also direct over $100M to implement other key port projects, said Oleksandr Semirga, head of the Ukrainian Sea Ports Administration. He explained that this funding will cover repairs of berths, railway infrastructure, roads, buildings, and other damaged or destroyed facilities. “We invest not only in concrete and metal. We invest in technology”, Semirga added. The Ukrainian Sea Ports Authority (USPA) is focused primarily on critical areas such as infrastructure, digitalization, and modernizing the technical fleet. Additionally, at URC2025

The government has approved the allocation of ₴14.5M from the fund for liquidating the consequences of armed aggression to finish building two key infrastructure projects in the Kherson and Chernihiv regions. These include water treatment facilities in Vysokopillya (Kherson region) and updates to the internal power supply system and facilities at the Chernihiv Center for Social and Psychological Rehabilitation of Children. Additionally, by the end of 2026, a new nine-story building that will provide housing for 270 people, with underground

Ukraine’s Cabinet of Ministers approved the terms for selling the government’s 100% stake in the Motordetal-Konotop enterprise’s authorized capital that was previously seized from a Russian senator. The starting sale price was set at ₴268M ($6.4M), which is ₴10M less than the previous initial price set by the cabinet. Motordetal-Konotop is one of Europe’s largest factories, producing cylinder liners for automobiles, tractors, ships, heat engines, and stationary internal combustion engines. Its production facilities include a cast iron foundry, machining, and

US President Donald Trump announced on Monday that the US will significantly increase its weapons supplies to European allies, who will then send arms to Ukraine. The US will sell about $10B worth of weapons to NATO allies in the first wave. These supplies, ultimately intended for Ukraine, include missiles, air defense systems, and artillery shells. This statement “a seismic political turn on the part of Trump, who initially refused to side with Ukraine and until recently insisted that he

Europe still faces disagreement over using hundreds of billions of dollars in frozen Russian assets, which could serve as a source of aid to Kyiv, which includes the new US military support package. Replacing the military and financial aid previously received from Washington would cost about $45B annually. One possible solution is to give Kyiv these funds as loans that Moscow can only repay if it provides compensation for war damages. Ukraine’s rebuilding costs are estimated at $524B, so such

The US Senate will not be voting on a bill to impose sanctions on Russia and its oil and gas buyers anytime soon, said Republican Senate majority leader John Thune. “If at some point the president decides that moving forward with the bill makes sense and adds the value and leverage that he needs in these negotiations, then we will do it. We will be ready”, Thune stated. As is known, Trump gave Russian dictator Putin 50 days to reach

An EBA survey of member companies shows that 79% of foreign companies with previous interest in Ukraine are drawn to opportunities associated with its rebuilding. Meanwhile, 13% remain undecided, and only 8% show no interest. Among these companies, 49% are already investing in Ukraine, while 40% are contemplating it. Among those considering investment, 23% plan to invest after the war ends, and 17% are willing to start before then. The most attractive sectors for investment include services (30%), infrastructure, transport,