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A competition for the right to construct new generating capacities is currently taking place in Ukraine. The selection of participants is ongoing, and companies that have submitted project bids, with a total capacity exceeding 440 MW, are advancing to the next round, including: Ukrnafta – three 19.88 MW facilities in the Poltava and Cherkasy regions, along with 27.24 MW in the Lviv region Industrialna – 25 MW in the Ivano-Frankivsk region Inzhur Energy – 50 MW in Kyiv Magnat Energo

According to Ksenia Orinchak, the executive director of the National Association of Mining Industries of Ukraine, this figure is approximate and depends on various factors, including global mineral prices, production volumes, and the costs associated with developing the deposits. Typically, the time from initial geological surveys to the commencement of industrial production ranges from 7 to 20 years, depending on the type of mineral. Additionally, the mining industry is very capital intensive. Orinchak pointed out that while Ukraine cannot compete

According to Prime Minister Denys Shmyhal, in 2025, with donor support, the government allocated nearly $7.4B for priority reconstruction. However, the financing deficit for reconstruction needs this year is approximately $10B. “This year, we identify the key areas for joint work of the Ukrainian Donor Platform as: budget support, sustainable financing of infrastructure reconstruction, housing, energy, economic development, and attracting investment on the path to the EU,” he stated. This year, the budget requires $39.3B in international support, and Ukraine

City One Development will build a glass factory in the city of Kalush, located in the Ivano-Frankivsk region. The facility will produce transparent and architectural glass and be implemented within the Galicia industrial park. This will be the second production line, with the first already under construction in the Kyiv region, in the city of Berezan. Initially, it was projected that the plant would be operational by the end of 2024, but the launch has been postponed to 2027. The

During a meeting with reporters at the White House, US President Donald Trump stated that he does not rule out implementing secondary sanctions on countries that purchase Russian oil if Putin “does not do his job.” However, the head of the White House believes that the Kremlin leader will fulfill his part of the deal – see things through and ultimately agree to end the war. “I want him to make a deal so that we stop the killing of

Donald Trump, speaking to reporters at the White House, stated that Volodymyr Zelenskyy is attempting to renegotiate the rare earth metals agreement. “You know, we’ve done something because, as you know, the Europeans get their money back that they gave them. We don’t,” Trump added. He once again accused former President Biden of incompetence, highlighting that Biden should have asked Ukraine for rare earth metals or sought guarantees for loan repayment “in some form or another.” According to CNN, Trump

Analysts report that 3,482 valid special permits for the use of Ukraine’s subsoil are held by 2,268 companies and 78 individuals. A significant portion of these special permits is concentrated among corporate groups and individuals that are currently under sanctions. Most companies that possess special permits hold just one valid permit, although some companies have dozens or even hundreds. For instance, state-owned enterprises Ukrgazvydobuvannya and Ukrnafta have the largest number of permits, with 213 and 89, respectively. The private sector

The country does not intend to abandon Russian sanctions and, specifically, will not revert to direct Russian gas purchases, stated Christiane Hoffmann, deputy spokesperson for the federal government. Annika Einhorn, a representative of the German Ministry of Economics, emphasized that Germany has exerted considerable effort to eliminate its dependence on Russian energy in a very short time and currently has no plans to reenter that dependency, as energy freedom is of great importance. She added that the country does not

The government has approved a loan from the Council of Europe Development Bank under the HOME project for a total of €100M (₴4.8B), Prime Minister Denys Shmyhal announced. “We will utilize these funds to compensate the owners of destroyed housing under the eReconstruction program,” Shmyhal specified. He noted that last year, 2,800 housing certificates were funded using bank resources. The new financing will allow for the compensation of another 3,600 certificates. The government has also decided to provide housing for

In March, the Business Activity Expectations Index (BAEI) surpassed the neutral level for the first time in 11 months, registering at 51.8 compared to 46.9 in February 2025 (and 52 in March 2024). The key factors driving this positive shift in expectations included stable consumer demand, increased production, receipt of international financial assistance, energy supply stabilization, and seasonal influences. The trade sector emerged as the most optimistic, with an index of 54, while industry reported an index of 53.1 and

Following the full-scale invasion of Ukraine by the Russian Federation, approximately 13% of Ukraine’s housing stock was destroyed, as stated by Deputy Minister of Development Natalia Kozlovska. Now, an expert working group under the Ministry of Development has approved several projects across various regions of the country for financing as part of the Ukraine Recovery Program III. Specifically, five projects aimed at restoring ₴245M in housing stock have been approved in three regions: Dnipropetrovsk, Kirovohrad, and Cherkasy. As far as

Tom Keatinge, director of the RUSI Center for Finance and Security, pointed out that loans are being provided to Ukraine, secured by the proceeds from frozen Russian assets; however, the funds themselves remain inaccessible due to legal and financial considerations. Central bank assets benefit from sovereign immunity, but in the case of confiscating Russian assets, the principle of international law known as countermeasures can be invoked. This principle allows for actions to be taken that would typically be illegal, so

Experts highlight that retailers and businesses in related sectors are currently harnessing solar energy to cut expenses and boost energy independence. For instance, two years ago Epicenter began installing solar power systems on the roofs of three shopping centers in Kyiv and two in Vinnytsia, with a total capacity of approximately 6 MW, which enables it to fulfill up to 30% of the shopping center’s electricity requirements. The Novus chain is also aiming to make its stores entirely self-sufficient. In

Finnish President Alexander Stubb announced that Finland will boost its defense spending to 3% of GDP by 2029 to prepare against potential Russian aggression. “This is part of Finland’s contribution to Europe taking greater responsibility for its own defense,” he added. Furthermore, Finland will consider withdrawing from the Ottawa Convention on the Prohibition of Anti-Personnel Mines, as the country shares a border over 1,300 kilometers in length with Russia. Meanwhile, Spanish Defense Minister Margarita Robles reported that her country will

Combat at the front increased noticeably in March, despite ongoing peace talks. Compared to February, the figure increased by approximately 30%, the Ministry of Defense of Ukraine stated. In particular, 4,270 combat clashes were recorded in March, with 3,274 in February. In total, 12,631 separate combat incidents have occurred since the beginning of the year. In addition, the enemy has begun to carry out air strikes on Ukrainian settlements and positions of the Defense Forces more often. “In three months

European Commission spokeswoman Paula Pinho noted that Brussels maintains constant communication and if Kyiv requests an assessment of an upcoming draft of a mineral agreement, the EC is prepared to assist. The EU emphasized that the document must align with Ukraine’s obligations related to European integration, particularly in terms of the accession negotiation process. These discussions arose against the backdrop of concerns that the new version of the agreement reflects the US leadership’s intention to consolidate all Ukrainian resources under

US President Donald Trump stated that President Zelenskyy intends to abandon the extraction agreement and warned that such a decision would lead to “significant problems.” “He is looking to abandon the agreement on rare earth elements, and if he does, he will face problems – big, big problems,” Trump said. Notably, last week Zelenskyy announced that Ukraine would not recognize previously provided US military assistance as a loan. Meanwhile, Kirill Dmitriev, head of the Russian Direct Investment Fund and Putin’s

During a meeting with Donald Trump, Alexander Stubb emphasized the importance of establishing a clear deadline for achieving peace, proposing April 20 as the optimal date for this action, particularly because that date will mark three months of Trump’s presidency. Simultaneously, Stubb noted that if Moscow refuses to agree to a ceasefire or breaks it, strong sanctions will need to be imposed, which are also being threatened by the US. Previously, the White House indicated its intention to secure a

France and the UK have suggested that, following the conflict’s end, European troops formed from the coalition of the willing could serve as Ukraine’s security backbone. French leader Emmanuel Macron referred to them as a “deterrence force” intended to help safeguard Ukrainian cities and key facilities far from the front lines and provide logistical support or training for the Ukrainian army. Simultaneously, European focus has shifted toward air and naval forces. Europe is also seeking US participation in a potential

The United States will engage in consultations with Saudi Arabia, Turkey, and several European countries regarding their willingness to oversee the ceasefire, President Zelenskyy stated, addressing Russia’s ongoing disruption of the energy truce. Zelenskyy believes that while Saudi Arabia may face technical challenges in monitoring the Ukrainian energy sector, Turkey is equipped to ensure security in the Black Sea. According to the president, monitoring can also be conducted by the United States, the UK, France, Romania, Bulgaria, and other nations