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Ukrainian farmers can receive €7.6-€13.5B per year within the EU’s Common Agricultural Policy (CAP) framework. This could create a severe fiscal burden on other member states, which is an argument against Ukraine joining the bloc. The Center for Economic Strategy believes that payment estimates are somewhat overestimated and should not become an argument against Ukraine’s accession to the EU, as 85% of the value of Ukrainian agricultural products comes from large scale agricultural enterprises. More accurate estimates should be based

For the first time in Ukraine, state-owned enterprise Guaranteed Buyer has announced an online auction on October 31 to distribute support quotas for enterprises producing electricity using alternative sources. It is noted that the first lot is an additional annual support quota to produce 11 MW of electricity from solar radiation. According to the bidding conditions, the station should be located on the left bank of the Dnipro, except for the temporarily occupied territories and the zone of active hostilities.

This weekend, the first stage of the Epicentr shopping center was launched in the village of Chabany, close to the capital. The two-story mall’s total area is more than 96,000 square meters. Later, the company plans to open a large family amusement park, Epiland, with an area of ​​more than 5,000 square meters on the second floor. A food court and a shopping gallery with stores selling domestic and foreign brands will be established near the amusement park. The SPAR

According to Interpipe’s top manager Denys Morozov, the company is opening a new heat separation plant in Nikopol, investing $40M, and has many more plans for the future. The company’s production volume is approaching pre-war levels: 33% of volume is supplied to Europe and it operates in 80 countries. However, there are some problems, including an increase in production cost, high electricity tariffs, and proximity to the front line at Nikopol, where the company’s main assets are located. Agricultural company

During the meeting with the head of the White House, Joe Biden, President Zelenskyy presented his plan for victory over Russia, discussed its diplomatic, economic, and military aspects, and the two leaders instructed their respective teams to consult on the next steps. The US president gave his assurance that he would provide Ukraine with all the support necessary for victory and announced an increase in security assistance to strengthen Ukraine’s position on the battlefield. In addition, the Ukrainian leader discussed

The White House announced a Ukrainian military aid package worth $7.9B, including additional Patriot batteries, air defense equipment, UAVs, long-range missiles, air-to-ground munitions, and money to strengthen the country’s defense and industrial base. In addition, the US decided to expand the training program for Ukrainian F-16 fighter pilots. Earlier, the Pentagon announced a $375M package of military aid to Ukraine, which includes air-to-ground ammunition, HIMARS ammunition, artillery shells, anti-tank systems, armored cars, and small arms. As well, Britain will send

Ukraine plans to obtain a loan from the Export-Import Bank of Korea for up to $100M and has finalized the primary conditions for the state’s external borrowing. These funds will be directed to the Emergency Response Program in health care, within the framework of the Heal Ukraine program. The yearly interest rate on the loan is 1% and must be fully repaid within 20 years of signing the loan agreement. In addition, the loan has a five-year grace period for

Denmark and Ukraine have agreed to terms on a DKK 4.2B ($628M) purchase from the Ukrainian defense industry, the Danish Ministry of Defense reported.  Denmark will use income from frozen Russian assets for the investment. Defense Minister Troels Lund Poulsen, his Ukrainian counterpart Rustem Umerov, and Minister of Strategic Industry Herman Smetanin signed an agreement on intentions to continue cooperation through Ukrainian defense enterprises. The weapons order will be financed with DKK 1.3B the government, with the support of the

The leaders of the G7 and more than 30 partner countries, as well as the EU, adopted a Joint Declaration to support Ukraine’s recovery and reconstruction, providing further military, economic, and humanitarian assistance both in the short term and in the post-war period. “We dispel any misconception that time is on the side of Russia or that it can win by causing the economic collapse of Ukraine,” the document says. It is emphasized that the Russian Federation must pay for

Diia has launched the uResidency electronic residency program, which allows foreigners to register and conduct business in Ukraine remotely, Minister of Digital Transformation Mykhailo Fedorov said. “We have created the best conditions for Ukrainian entrepreneurs – the fastest business registration in the world, tax payment in a few clicks, and additional business services are available online. Now we are ready to scale this experience to foreigners,” he noted. According to him, becoming an e-resident in Ukraine is easier and more

According to the first half of 2024’s results, the index of completed construction works in Ukraine increased by 37.1% compared to the same period in 2023. According to the State Statistics Service, the volume of completed construction work during this period in monetary terms reached ₴82.44B ($2B). Infrastructure construction was the driver of construction growth. The indicator in this sector increased by 46.1%. At the same time, residential construction increased by 16.8% and non-residential construction by 31.6%. In monetary terms,

The volume of the industrial output in Ukraine in January-June 2024 increased by 8.1% compared to the same period in 2023. In June, the indicator decreased by 0.3% compared to the corresponding month of the previous year and by 6.2% compared to May, according to the State Statistics Service. In particular, production in metallurgy and finished metal products increased by 29.8% compared to the first half of 2023, and in the extraction of metal ores by 27.6%. This growth was

As of January 1, 2024, the state’s debt to banks under the 5-7-9% Available Loans program amounted to ₴7.1B, and barring changes, by the end of 2024 this figure may reach ₴11.5B, according to the Accounting Chamber. It is reported that ₴34.7B was used to implement the program, including ₴30.9B under martial law (February 2022 – May 2024). Enterprises in agriculture, forestry, fisheries, and the trade and processing industries received the largest amounts of loans. The priorities for loans are

Saudi Arabia is ready to abandon its unofficial price target of $100 per barrel of oil as it prepares to increase production and protect market share, writes the FT. From December, Saudi Arabia will increase average daily production by 83,000 barrels per month. As a result, one million additional barrels will be produced by December 2025. Currently, the country produces 8.9 million barrels per day. The move by the Saudis may lead to a decline in Moscow’s income; when the

KUKE, Poland’s export credit agency, insured a Polish company’s production complex in Ukraine for more than $45 million. This is the first cooperation between KUKE and the World Bank Group’s investment guarantee agency, MIGA, after the signing of a memorandum of understanding at the Ukraine Recovery Conference 2024 in Berlin. Under the agreement, MIGA provides political risk insurance, which KUKE reinsures. This coverage protects against potential losses, including those arising from war. The Ministry of Economy of Ukraine noted that

Since the land market’s opening in 2021, the price of land in Ukraine has increased from ₴39,000/hectare to ₴46,000/hectare in 2024, and its value may increase by approximately 20% in the following years, Minister of Agrarian Policy Vitaly Koval said. “The land market is gradually gaining commercial attractiveness. Caution was observed in 2021. In the first year of the market opening, 74,392 land plots – 178,344 hectares – changed hands. In 2024, 193,560 plots, or almost 400,000 hectares, were alienated.

President Zelenskyy stated at the UN Security Council that the war between Russia and Ukraine cannot be ended through negotiations alone, and Moscow must be forced to make peace. Zelenskyy called on Western leaders to support his Victory Plan to end the war. According to him, the war will end someday, but not because “someone is tired of the war” and not through a “trade” of Ukrainian land. Action is needed to end a war. “Russia can only be forced

The EU will continue to support Ukraine, which resists Russian aggression, and this position will not depend on what the new US administration will do, EU High Representative Josep Borrell said in New York at the end of the UN Security Council meeting. In this way, he commented on the possible election of Donald Trump as the new US president. “I don’t know what the American administration will or will not do. At this time, the support from the European

US President Joe Biden called on UN member states to be tireless in supporting Ukraine to help it win the war and preserve its freedom. “The world has yet another choice to make. Will we maintain our support, or will we abandon it and allow aggression to resume and destroy the nation? I know my answer. We cannot tire, we cannot turn away, and we will not abandon our support for Ukraine,” he emphasized during his speech at the 79th

US Secretary of State Anthony Blinken said that to promote peace in Ukraine, it is necessary to stop Iran, North Korea, and China from enabling the Russian war machine. During his speech at the meeting of the UN Security Council, he recalled that Iran supplies UAVs to Russia, has built a factory for drone production, and just a few weeks ago “handed Russia hundreds of short-range ballistic missiles.” Meanwhile, North Korea is delivering trainloads of weapons and ammunition to Russia,