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Commenting on the latest financial trends in Ukraine during the recent War & Business conference, the chairman of the board of Piraeus Bank in Ukraine, Yannis Kyriakopoulos, noted that currently, there is an increase in working capital loans, a decrease in interest rates, and an increase in new offers from international financial institutions that combine loans with grants. The popularity of these products is growing. At the same time, deposits have been growing faster than borrowing in the last seven

As noted by the National Bank, this dynamic results from the NBU’s currency interventions to cover the structural currency deficit on the market and smooth out exchange rate fluctuations, as well as the country’s debt payments in foreign currency. These operations were partially offset by proceeds from the placement of foreign currency bonds of the domestic government loan and one of the smallest volumes of international aid since the beginning of the year after significant volumes in August. During September,

The EU plans to change its system of Ukrainian military support to bypass a Hungarian veto, circumventing the country that is loyal to the Russian Federation. On October 9, EU ambassadors are expected to reach an agreement on the terms for providing Ukraine with a €50B loan secured by profits from frozen Russian assets. Most of the funds will go to programs financed through the EU budget, and only 5% of the money will go to the Peace Fund, from

All the tax revenue in the state budget is directed to the security and defense sector, but even that is not enough. The Ministry of Finance noted that the balance is covered through other sources, including non-tax revenues and domestic borrowing. The ministry added that, despite rising costs, tax rates have not changed since the start of the full-scale invasion, and in 2022 support benefits were even introduced. In 2023 tax revenues amounted to 32.4% of GDP, which is lower

State enterprise Naftogaz Bioenergy is studying the possibility of building a wind power plant in the Ternopil region. A draft memorandum has been prepared that outlines cooperation between the Saranchuky village council and the Naftogaz of Ukraine company for the implementation of wind farm construction projects with a capacity of up to 100 MW. Naftogaz is already conducting design work to assess the prospects for constructing the Maryivka wind farm in the Mykolaiv region and two facilities in the Odesa

On October 4, Kharkiv private enterprise Aktyvur1001 won the privatization auction, acquiring 100% of the authorized capital shares of Vazhpromelektroproekt. Six parties participated in the bidding, driving the lot’s value from the starting ₴4.9M bid to the winning ₴18.2M bid offered by the car dealership. The State Property Fund (SPFU) previously emphasized that the institute’s real estate is located almost in the center of Kharkiv. “This is a favorite place of Kharkiv residents in the Shevchenko district of the city,

This model represents, in the Western community’s opinion, what may become the most likely scenario for the end of the hot phase of the war in Ukraine and prevent a new one, writes the FT. In this plan, Russia would retain de facto control over the occupied territories – but they will continue to be considered legitimate Ukrainian territories, which can be returned diplomatically when the opportunity arises. Former NATO Secretary General Jens Stoltenberg hinted that the incompleteness of the

“We will present the Victory Plan – clear, concrete steps to a fair end to the war. The determination of our partners and the strengthening of Ukraine is what can stop Russian aggression,” the President of Ukraine emphasized. The meeting of allies is expected to take new steps to support Ukraine, particularly regarding its North Atlantic integration. Diplomatic sources from the Washington Post note that NATO countries are considering options for more specific support for Ukraine on its path to

Bratislava is actively selling weapons to Ukraine even though current Prime Minister Robert Fico came to power criticizing his political opponents for helping Ukraine. He called his political rivals the pawns of war and himself the main supporter of peace, and during the election campaign last year, he said that he would not give Ukraine “a single bullet.” However, according to the Slovak magazine SME, export statistics indicate that not only has Bratislava not reduced the volume of military supplies

Ukraine’s military predicts an intensification of assault actions by Russian troops in the ​​Orikhov and Mala Tokmachka settlements in the Zaporizhzhia region soon, said a representative of the Southern Defense Forces, Vladyslav Voloshyn. “If there is a breakthrough there, the enemy can take under fire control the logistical routes that go from Zaporizhzhia to the east of Ukraine, where our Defense Forces hold both the Donetsk region and the southern part of Zaporizhzhia,” Voloshyn said. At the same time, the

As reported by DW, Friedrich Merz, the candidate for German chancellor from the opposition bloc, suggested that Germany, Poland, France, and the UK form a contact group to establish Europe’s post-war structure after the Russian war in Ukraine comes to a conclusion. Merz opines that these four countries have the potential and opportunity to influence the formation of European political order. Merz added that proposals for a peace plan should be put forward by partners in close coordination so that

According to the National Bank, in August consumer inflation accelerated to 7.5% in annual terms (from 5.4% in July), as was expected. At the same time, core inflation increased more significantly than forecast due to the transfer of higher business costs for raw materials, energy, and labor costs to prices. These factors supported price pressure and the effects of the weakening hryvnia exchange rate in previous months. Analysts emphasize that in August food inflation accelerated sharply due to the resumption

The European Court of Auditors claims that the €1.5B budget planned by the EU for the development of the defense industry, as well as two years of other spending, is insufficient in the face of the challenges associated with the Russian aggression. “The instrument for supporting Ukraine, part of the proposal, does not have a fixed financial package. EU countries agreed to use the profits received from the investment of frozen assets of the Russian Federation to support Ukraine. However,

The head of the Parliamentary Committee on Urban Development, Olena Shulyak, noted that according to preliminary estimates, more than 50% of Ukraine’s housing stock was destroyed or damaged, and some cities have almost no residential buildings left. Therefore, decisions on their restoration must consider many factors. She said that since the full-scale invasion began, Ukraine’s total direct losses exceed $157B. Among all Ukrainian regions, the Donetsk region is the most affected, where total losses are $37.3B, the Kharkiv region –

Macroeconomic indicators of the Ukrainian economy in 2024 show growth, but positive dynamics are slowing down. The growth potential represented by the economic recovery from the fall in 2022 has been exhausted. Real GDP in the second quarter of 2024 increased by 0.2% compared to the previous quarter (seasonally adjusted), and by 3.7% compared to the second quarter of 2023. The volume of industrial production increased by 8.1% in the first half of the year. The following sectoral dynamics are

The Bayer international concern, which previously announced an investment of €60M, revealed the details of its priority investment areas in Ukraine. The announced investments are aimed at expanding the capacity of the Bayer seed plant in the Zhytomyr region. In particular, the company plans to: install a third dryer for corn seeds significantly expand its fleet of vehicles, including new warehouses and equipment storage areas purchase various types of modern agricultural machinery construct two bomb shelters with a total capacity

In 2024, the Norwegian government plans to allocate about $23.6M (NRK 250M) to investments in Ukraine. Capital provided through Norfund will reduce risks for companies investing in Ukraine, particularly Norwegian companies. The Norwegian government also plans to continue this initiative in the coming years. As well, the World Bank and the IFC will expand their presence in Ukraine, focusing on the reconstruction of housing and critical infrastructure while continuing to administer their projects that have already been started. The Cabinet

The Cabinet of Ministers approved the signing of two special investment contracts within the framework of the support program for projects with significant investment, known as the investment nanny. The first contract will be concluded with Astarta-Kyiv and Astarta Agro Protein. Astarta plans to build a soybean meal processing plant with a capacity of 500 tons per day in the Poltava region. The company is investing over €76M to acquire equipment and technologies. Companies will provided with many incentives: exemption

NATO Secretary General Mark Rutte, during his first foreign visit to Kyiv at a press conference following a meeting with President Zelenskyy, confirmed that the Ukrainian issue will be his key priority while in office. The visit to Ukraine was his first working trip after assuming the position of Secretary General of the Alliance. Zelenskyy, in turn, emphasized that he considers the key priority in Ukraine’s relations with NATO to be receiving an invitation to join the Alliance, though it

German Chancellor Olaf Scholz has assured Ukraine that it will receive a $50B loan secured by frozen Russian assets, and Kyiv’s support from its allies will not weaken. Scholz describes the loan as a “quite conscious promise of stability for Ukraine,” which will provide the necessary support in the near future. “This also sends a message to the Russian president that he should not expect weakening support for Ukraine and that he will be able to ‘eat’ the entire country,”