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Commercial interest rates will no longer decrease, but this will not stop growth in lending, industry representatives shared. In particular, Sense Bank plans for their loan portfolio to grow by 150% this year, and in 2025 it is to grow by another 100%. As well, Taskombank announced that they have already fulfilled this year’s plan for a 100% increase in their small and medium-sized business loan portfolio. The bank has adjusted the plan, and is set to increase its portfolio

Civitta’s report notes that the Ukrainian startup ecosystem is showing stable and rapid growth despite difficult conditions. From 2013 to 2023, IT’s contribution to GDP increased by 470%. The study mentions Ukrainian startups that have reached unicorn status, such as Grammarly, GitLab, and Creatio. At least 10 startups are approaching this status. Despite the war’s negative impact, Ukraine’s technological industry has been able to quickly adapt to new conditions and identify development opportunities. Notably, Ukraine has become the world’s leading

Volodymyr Velychko, Deputy Chairman of the Supervisory Board of Centrenergo, noted: “Foreign partners believe that this winter will be the most difficult for our country in its entire history, even without considering potential new massive strikes on the energy infrastructure. According to experts’ calculations, the electricity shortage in Ukraine in winter may reach 6 GW, or almost 30% of consumption, including the maximum possible import of 1.7 GW from European countries.” He added that energy companies are working to increase

Ukraine’s military urgently needs more surveillance, strike, and combat drones, but due to limited government resources drone manufacturers are looking for opportunities to export their products abroad to obtain funds to expand their production. According to Oleksandr Marikovsky, chairman of the parliament’s economic subcommittee, exporting drones could bring Ukraine up to $20B. After the start of the full-scale war with Russia in 2022, Kyiv imposed a ban on exporting military products in order to be able to provide its arme

As noted by the Ministry of Energy, the intensity of Russian shelling of Ukrainian energy facilities in 2024 will significantly exceed the number of attacks on energy infrastructure in the previous years of the war. This year, the Russian Federation used a total of more than 1,000 weapons – drones and missiles of various types, including ballistic missiles. The cumulative losses of Ukraine’s energy capacities due to this year’s attacks exceed 9 GW. This would be enough to provide electricity

EU countries and the European Parliament need to quickly explore all legislative procedures so that Ukraine can receive a new €35B loan, which is the EU’s share of the G7’s proposed loan, VP of the European Commission Maroš Šefčovič said at the European Parliament meeting. “These funds must be paid by the end of the year to ensure the fiscal space that Ukraine needs,” the official said. The EU is also considering ways to circumvent Hungary’s veto on more than €6B

Thanks to a robust gas transportation and storage system, Ukraine can become Europe’s energy hub and the anchor of its energy security, said Oleksiy Chernyshov, head of the board of Naftogaz of Ukraine. According to him, the Europe’s creation of strategic gas reserves cannot be considered purely from the point of view of commercial interests. This is already a matter of energy and economic security for the continent because it ensures a stable energy supply in modern geopolitical conditions. Ukraine

In September, Ukraine received the smallest amount of aid from its international partners since the full-scale war began, a €10M loan from the EBRD, after significant receipts in August ($8.5B). Before that, the next lowest monthly total was May 2024, when Ukraine received only a $20M loan from the World Bank, according to the Center for Economic Strategy (CES) tracker. Foreign aid covered only 69% of the state budget’s additional financing needs for the first nine months of the year.

The Vitagro group of companies, with assets in the agricultural, energy, processing, construction, and chemical industries, said that investors will create enterprises for pork and chicken processing, as well as place a complex to produce semi-finished meat products, sausages and canned goods and a refrigeration shop for meat storage on a ​​10-hectare area in the Future Industry Hub industrial park in the Khmelnytskyi region. Total project investment is estimated at ₴1B ($24.3M), part of which Vitagro is supplying. Vitagro is

The Ministry of Economy of Ukraine published an order to establish the Office of Green Transition under the Ministry to ensure the implementation of the National Energy and Climate Plan (NECP) for the period up to 2030. The main tasks of this office will be: preparing reports on the progress of the NECP’s implementation preparing proposals to develop programs to implement measures while accomplishing the goals provided by the NECP organizing interaction and coordination of activities between state authorities, other

As noted by the ISW, Russian forces have lost at least five armored divisions since the start of the offensive operation to capture Avdiivka in October 2023, as well as during intensified offensive operations in the west of the Donetsk region this summer. Previously, the Russian army was thought to have lost 1,830 units of heavy equipment in the Pokrovsk district since October 9, 2023, but the actual losses are higher. Experts summarized that enduring such losses for the sake

Land prices have always depended not only on its quality but also on the plot’s geographical location. Before the war, the most expensive land in Ukraine was in the central region. However, with the start of the full-scale invasion, the price ratio changed dramatically. Currently, the average price per hectare in Kyiv Oblast is ₴78,500 ($1,906), in Poltava Oblast – ₴61,200 ($1,486), and in Lviv Oblast – ₴67,600 ($1,641). But the most expensive land now is in the Carpathian region.

The Black Sea Trade and Development Bank (BSTDB) received a credit line from the Japan Bank for International Cooperation (JBIC) for up to $150M to finance Ukraine’s reconstruction. These funds will be directed to projects to restore and reconstruct Ukraine’s critical economic and social infrastructure. The focus will be on strengthening economic resilience, particularly in sectors such as agriculture, food processing, transport and logistics, digital infrastructure, and pharmaceuticals. In addition, up to $75M will be directed to green initiatives and

As reported by the parliament’s financial committee, in the first half of 2024 $2.96B in foreign direct investment (FDI) entered Ukraine. 74% of FDI inflow continues to create reinvested income for foreign investors in Ukraine ($2.2B). This is partly due to restrictions on cross-border transfers, particularly on the withdrawal of dividends. Since May of this year the NBU has somewhat relaxed these regulations as part of a broad package of currency liberalization. Most investment went to the following sectors: trade

The transit of Russian oil through the Ukrainian section of the Druzhba oil pipeline in September increased by 37% to 1.06 million tons. According to analysts, except for record volumes in July, the transit of Russian oil in September was the largest since January of this year. Most Russian oil went to Slovakia in September – almost a half million tons, the same amount as in August. At the same time, the volume supplied to Hungary increased by 110% to

The Netherlands will allocate €400M to develop drones for Ukraine, and if the program is successful, they are ready to increase funding, the country’s Defense Minister Ruben Brekelmans said. The drone action plan will combine Ukrainian innovation and Dutch expertise to improve technologies used on the battlefield. “We will focus on different types of drones, both reconnaissance and defensive, as well as offensive, because we see that Ukraine needs these offensive drones to strike military targets,” Brekelmans said. He clarified

On October 7 during a visit to Ukraine, Slovak Prime Minister Robert Fico stated that his country is ready to support Ukraine during possible blackouts by providing emergency electricity supplies. Slovakia will allocate €500,000 to restore Ukraine’s energy infrastructure as part of a bilateral cooperation plan. These funds will be used to purchase power equipment from a Slovak company with subsequent transfer to Ukraine. Ukrainian Prime Minister Denys Shmyhal announced the parties’ agreement on the creation of an Eastern European

Britain has already provided Ukraine with £3.5B ($4.5B) to purchase modern military equipment from British manufacturers. A British trade mission visited Ukraine to discuss further cooperation with the Ukrainian government and industry representatives, including the Ministry of Defense, the Department of Business and Trade, and the ADS Defense Association. The mission’s head, Luke Pollard, said that the country consistently supports Ukraine, not only by providing military equipment but also by developing cooperation with the Ukrainian defense industry. This helps attract

Against the backdrop of surging global conflict, US investors provided more than 65% of venture capital investment in European defense technology in 2024, compared to 18% last year. According to Dealroom research, in 2023 US venture capital firms provided $458M to European defense startups, more than three times larger than any amount previously invested. Meanwhile, European security expert Edward Lucas noted that Poland, wary of the Kremlin’s far-reaching ambitions, is taking the leadership role in the region’s security. It will

On the morning of October 7, Russian forces launched three X-47M2 Kinzhal ballistic missiles toward the city of Starokostyantyniv, Khmelnytskyi region, and Kyiv. Two missiles were shot down by Ukrainian air defense. Earlier that night, the Russian army attacked Ukraine with kamikaze drones and rockets of various types. In total, more than 80 targets were recorded in the sky. 32 attack UAVs were shot down. However, several Shahed drones hit the Kharkiv region near the front. The last ballistic missile