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In 2024, Ukraine became one of the top three exporters of organic products to the bloc among European countries and has remained among the top five largest exporters to the EU for seven years. In 2024, the total volume of organic agri-food product imports to the EU increased by 6.4%, reaching 2.64 million tons. Ukraine moved from fifth to third place in the ranking of organic product suppliers to the EU, behind only Ecuador and China, and secured first place

The Ukrainian Gunsmiths Council has signed a memorandum of strategic cooperation with the British ADS Group, which comprises over 1,500 companies in the aerospace and defense sector. The agreement includes exchanging information on industrial capabilities and innovative solutions, establishing a platform for joint production and research, and working to reduce regulatory barriers for Ukrainian products to enter the NATO and EU markets. Simultaneously, Canadian Ambassador to Ukraine Natalka Cmoc noted at the Black Sea Security Forum that our nation is transforming

According to Defense Minister Rustem Umerov, this is how these funds will be allocated: A portion will be used to purchase Ukrainian-made long-range weapons. This year, the plans is to produce a significant number of these systems, which will be promptly supplied to the Armed Forces of Ukraine; the first samples could be delivered in a few weeks. Ukraine signed a contract with Diehl Defence to produce IRIS-T air defense systems and associated missiles, with a total value of €2.2B.

The gas transmission system operators of Bulgaria, Greece, Moldova, Romania, and Ukraine have created a plan that will supply US liquefied natural gas from Greece to Ukraine via the Trans-Balkan Corridor to supply the country for the heating season. They have proposed a route package product for supplies during the period from June to October 2025. To enhance the route’s attractiveness, the parties have agreed on a single tariff for gas transit with a 25% discount. For the Ukrainian operator,

According to Russian Foreign Minister Sergei Lavrov, the document details Moscow’s position “on all aspects of reliably overcoming the root causes of the crisis.” “Our delegation, led by Medinsky, is ready to submit this memorandum to the Ukrainian delegation and provide the necessary explanations,” Lavrov added. Ukraine has called on Russia to immediately deliver this memorandum, if it has already been prepared, so the meeting can be productive and effective. The Kremlin labeled this demand “unconstructive” and dismissed it. Although

In response to the stagnation of the US-brokered peace process, the Russian occupation army has initiated a large-scale offensive in the Donetsk region. American analysts report that Russian dictator Putin remains confident in his ability to win the war militarily, although sanctions and heavy losses may gradually undermine Russia’s military capacity, making this summer potentially its last chance for a serious push. In addition to the main offensive in Donetsk, the Kremlin plans to launch smaller attacks along the borders

According to Taras Kachka, the deputy trade representative of Ukraine, the export strategy that is currently being formulated by the Ministry of Economy prioritizes the Made in Ukraine initiative, stimulation of the processing sector, modernization of export support tools, and the enhancement of collaboration between the state and the business community. Key goals of the strategy include: Boosting annual exports of goods and services to $77B Raising the export share of GDP to 33% Decreasing raw material exports to 59%

The growth of Ukraine’s economy slowed in the first quarter of the year and the main reason for that is the war, said Danylo Hetmantsev, chairman of the parliamentary finance committee. He recalled that in 2023, GDP growth was at 5.5%, in 2024 – 2.9%. That is, the decline in growth rate occurred last year. “We have a further slowdown in recovery. In the first quarter, GDP grew by 0.5%. This is several times less than in 2024, when in

Veronika Movchan, an expert at the Institute of Economic Research, said during a presentation of a study on importers of Ukrainian products that goods from Ukraine do not play a crucial role in the total imports of most partner countries. Poland, Romania, Turkey, Moldova, Germany, Hungary, the Netherlands, China, and Slovakia have been identified as Ukraine’s key trading partners. “Except for Moldova, where the share of imports from Ukraine reaches 12.1%, in other partner countries our share in total imports

The heads of the largest banks and non-banking financial institutions reported positive evaluations of the current state and stability of the financial sector, noting its best condition since 2021. Meanwhile, experts evaluated the overall level of risk in the financial sector as moderately high, with slight improvement compared to the previous survey. Since November 2022, most respondents have rated the stability of the financial sector as medium or high. The primary source of systemic risks remains the ongoing war, while

Alviva Group has strategically expanded its operations by entering Ukraine’s agricultural market. This move will enable the group to establish complete control over the entire production cycle – from growing its own grains to processing and producing food products. The company is an international group of companies specializing in food technologies and services. It is recognized by Ukrainian consumers through brands like Kyivkhlib, Tarta, Tendi, Norden Brod, British Sandwich, and Kyivmlyn. The group’s annual turnover exceeds ₴9B, and it employs

According to Ukrainian developers, there is a critical shortage of warehouse space, particularly in the most active areas – the Kyiv and Lviv regions. The warehouse vacancy rate in the Kyiv region has slightly increased following the completion of new complexes. Meanwhile, space is shrinking due to the redistribution of product storage across regions. Analysts also highlight a rise in development activity and plans to reconstruct logistics complexes that were impacted in 2022-2023. Although Kyiv remains the country’s primary logistics

Yaroslav Burykh, a member of the Association of Real Estate Specialists of Ukraine, stated that, despite the full-scale conflict, demand for commercial real estate in Ukraine is increasing, with the highest rates of investment in such construction being seen in the relatively safer western regions of the country. There is also strong demand in the capital. Although the pace has slowed, the industry is gradually recovering. According to Burykh, the rental of retail space has already returned to pre-war levels.

On May 28, President Zelenskyy met with German Chancellor Friedrich Merz in Berlin where Germany agreed to provide Ukraine with €5B in military aid to assist Kyiv in developing long-range weapons to target Russian territory. Among other issues, the five key agreements reached by the leaders are: Germany will prevent the launch of Nord Stream-2 and work to weaken Moscow’s “war machine,” with Merz pledging to do everything possible to stop Nord Stream-2 operations from commencing. The countries will hold

German Chancellor Friedrich Merz does not expect Russia’s war against Ukraine to end anytime soon. “Usually, wars end due to economic or military exhaustion of one or both sides, but in this war we are obviously still far from such a situation,” Merz said. He believes that Europeans must be prepared for a protracted conflict, which necessitates even more active support for Ukraine to ensure its ability to defend itself. “Russia miscalculated,” he stated, emphasizing that European unity has strengthened

Russian sources have disclosed Vladimir Putin’s prerequisites for ending the conflict in Ukraine, which include: A written commitment from Western leaders to halt NATO’s expansion eastward, meaning the formal exclusion of membership for Ukraine, Georgia, Moldova, and other former Soviet republics. The lifting of certain sanctions on Russia and addressing the issue of its assets that are frozen in the West Ukraine maintaining a neutral status Protection for Ukraine’s Russian-speaking population All four regions in eastern Ukraine becoming part of

Piraeus Bank notes that introducing digital technologies into business processes enables automation, reduces costs, and enhances customer service. In wartime conditions, constant changes in the regulatory environment, along with global competition, mean that digital financial instruments facilitate quick decision-making, lessen dependence on physical infrastructure, and provide ongoing control over finances. The active implementation of digital services, automation of financial processes, and improved convenience of remote banking for businesses have led to a 27% increase in the number of open corporate

Latvian Defense Minister Andris Spruds announced during the international drone coalition summit in Riga that Turkey and Belgium want to join this coalition, increasing the total to 20 countries. The coalition member states have committed to providing €2.75B this year to assist Ukraine. “We will be able to deliver more drones to Ukraine, while strengthening the defense industries of Latvia, the EU, and NATO countries. The joining of new allies to the coalition will allow us to provide Ukraine with

President Volodymyr Zelenskyy explained, mentioning that the state will soon be ready to license air defense systems. “This amount is needed to deploy production, in particular the missile program, at full capacity. Currently, we are underfunded by approximately this amount each year,” he explained. “We have made significant progress in the Ukrainian ballistic missile program. Additional funds are needed for its development, which are not covered by bilateral financing with partners. We are looking for opportunities to increase investment in

The southern Ukrainian city Mykolaiv is the first among Ukrainian cities to align economic development with the European approach to the blue economy – the sustainable use of water and marine resources for economic growth, enhancing living conditions, and creating jobs while preserving ecosystems. “After the end of hostilities, the country will need new strategies. Therefore, we are already working out strategic plans for the development of our city’s economy, based on the principles of the blue economy. Mykolaiv can