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Located in the village of Ozhenyn, the new facility was set up in a previously abandoned fruit cannery. The enterprise will create 20 jobs and can process 140 tons of high-standard products each year. Strawberry, raspberry, and currant crops have already been cultivated on 300 hectares. This mini-factory was made possible through the Organic Trade for Development (OT4D) project, carried out in Rivne with Swiss backing. According to industry experts, the growth of frozen vegetable exports is a direct consequence

According to updated estimates, the total requirement for financing Ukraine’s recovery is $524B, with $17.3B needed for 2025 alone. Among the priorities are housing, critical infrastructure, energy, and social services. This year, it is planned to allocate ₴36.5B in subsidies for local budgets. In addition, the government has allocated almost ₴2B for 180 communities in nine border and frontline regions. The largest amounts have already been received by the Kharkiv region – almost ₴500M, the Kherson region – over ₴200M,

Researchers from the Institute of Economics and Forecasting at the National Academy of Sciences of Ukraine indicate that while the country possesses certain reserves of rare earth elements (REE), most were identified during the Soviet era, necessitating updated assessments. Furthermore, many potential deposits are situated in regions currently occupied by the Russian Federation or near active combat zones. Experts highlight: “Today, Ukraine lacks the required infrastructure to fully extract and process these elements.” Among the six identified REE deposits in

Ukraine’s largest enterprise for the primary processing of industrial hemp has launched in the Ma’Rijany industrial park in the Zhytomyr region. The Ma’Rijany Hemp Company has built a state-of-the-art production facility with an annual capacity of 14,000 tons, repurposing an abandoned flax mill. The site includes 10,000 square meters for production and 10,800 square meters for warehousing. The initial investment in this phase exceeds $20M. The facility will produce long fiber for textiles and industrial fabrics, short fiber for paper,

After arriving in Ankara on May 15, Zelenskyy described the Russian contingent as “fake,” contrasting it with the high-ranking officials in the Ukrainian delegation. The Russian delegation was led by Putin’s aide Vladimir Medinsky and also comprised Deputy Foreign Minister Mikhail Galuzin, Chief of the Main Directorate of the General Staff of the Russian Armed Forces Igor Kostyukov, and Deputy Defense Minister Alexander Fomin. Medinsky and Fomin were part of Putin’s team sent to negotiate Ukraine’s surrender in the early

On May 15, a three-hour meeting between President Zelenskyy and Turkish President Recep Tayyip Erdogan took place in Ankara. It was planned that high-level talks between Russia and Ukraine would follow; however, as noted by leading European diplomats, Putin sabotaged the talks. Polish Foreign Minister Radoslaw Sikorski stated that the Kremlin’s appointment of a low-level delegation demonstrated that Putin was trying to “buy time.” There is a belief that the talks will drag on for the entire summer. Considering this,

The war against Ukraine costs Russia an enormously high price, resulting in its greatest military losses since World War II. Since the beginning of 2024, the Russians have managed to take control of only 4,731 square kilometers, less than 1% of Ukraine’s territory, and Russian casualities have exceeded 400,000 killed and wounded. Thus, for every square kilometer of captured territory, the occupiers paid with the lives of 84 of its soldiers. According to IISS, Russia lost 172,000 soldiers in military

Through a risk-sharing arrangement, EBRD will back the issuance of new loans by ProCredit Bank to small and medium-sized enterprises in Ukraine. With EBRD’s assistance, the bank anticipates providing sub-loans of up to €60M to private enterprises and households. These funds will support investment in energy production, storage, and energy efficiency improvements. Approximately 70% of the financing will be allocated to projects that align with transitioning to a green economy. ProCredit Bank plans to allocate up to 20% of the

Swiss company Medlog SA, the logistics division of one of the world’s largest container operators – Mediterranean Shipping Company (MSC), officially entered the Ukrainian market. In May, the company acquired a 50% stake in the Ukrainian intermodal logistics operator N’UNIT and 25% in the Mostyska cross-border terminal. This deal marks the first instance of a major international player participating in Ukrainian logistics since the start of the full-scale war. The transaction amount could range from $15 to $30M. MSC is

Since Russia began its full-scale invasion of Ukraine, Hungary and Slovakia have sent €5.4B to Moscow for crude oil alone, a sum sufficient to fund 1,800 Iskander-M missiles. Despite sanctions exemptions aimed at reducing their reliance, Budapest and Bratislava show little genuine intention to forsake Russian oil. Hungary’s reliance on Russian oil has risen from 61% before the invasion to 86% in 2024, while Slovakia remains almost fully dependent on Russian supplies. The countries voice “serious concerns” regarding the EU’s

The International Finance Corporation (IFC) from the World Bank Group may contribute €5M to the Flyer One Ventures (F1V) Fund to invest in technology companies in Ukraine, as well as in Central and Eastern European countries. The Board of Directors plans to consider this project on June 20 of this year. The project is expected to be supported by donors under the Economic Resilience (ERA) program for Ukraine; Japan will invest up to $3M in the project as part of

The signing of the Agreement on the Establishment of the American-Ukrainian Reconstruction Investment Fund has sparked optimism that tangible investment will finally reach Ukraine’s geological exploration and subsoil sector, said President of the Union of Geologists of Ukraine Pavlo Zagorodniuk. He explained that through persistent efforts from geological services, Ukraine has identified 20,000 deposits and identified 105 mineral types, yet only 3,500 are actively being utilized. “Most of these deposits are remnants from the Soviet era. Due to privatization processes,

In 2024, Ukraine entered the top three of the largest exporters of agricultural products to the EU, ranking third with an export volume of €13.1B, which accounts for 6.7% of total agricultural imports to the European Union, according to Eurostat data. Brazil became the largest supplier of agricultural products to the EU last year, exporting €17.1B (8.8%). Ukraine is also behind Britain (8.5%, €16.6B). The United States follows with 6.1%, or €12B. Last year, the EU exported agricultural products worth

Retail prices for electricity for industrial enterprises in Ukraine increased by an average of 20% in the first ten days of May compared to the average price in April, reported former Energy Minister Olga Buslavets. The average electricity price index on the day-ahead market for the first thirteen days of May was €112 per MWh, one of the highest in Europe. “Objective factors that affected the price: cold, cloudy weather (which impacted consumption growth), low solar activity, four of nine

According to Gremi Personal analysts, in 2024 the volume of foreign direct investment (FDI) from Poland to Ukraine amounted to $172.5M, which is 10% less than in 2023, when the figure reached $191.6M. For comparison, in 2022 investment from Poland amounted to only $97M. In total, Poland invested more than $460M in Ukraine from 2022 to 2024. The investment company Concorde Capital clarified that the volume of foreign direct investment from Poland to Ukraine decreased primarily due to a reduction

President Zelenskyy said that if negotiations do occur, these conditions are required above all else. However, he noted that only external mediators can ensure compliance with any agreement, particularly US leader Donald Trump. According to NBS News, the US President’s special envoys, Steve Witkoff and Keith Kellogg, will also travel to Istanbul, along with US Secretary of State Marco Rubio, who will take part in the negotiations. Zelenskyy stressed that the war must be halted; it may endure for some

During a joint press conference in Berlin with Greek Prime Minister Kyriakos Mitsotakis, German Chancellor Friedrich Merz addressed the Ukraine issue and commended Ukrainian President Zelenskyy for his readiness to engage in negotiations in Turkey, despite the challenging situation. “This demonstrates genuine intent and a willingness to compromise,” remarked the German chancellor. However, Merz emphasized that requesting further concessions from Ukraine is no longer acceptable. “The entire situation has surpassed what the nation can endure,” he stated. He also added,

Danylo Hetmantsev, the head of the parliamentary finance committee, argues that resuming military product exports would achieve four objectives: Attract additional financial resources from foreign clients Utilize manufacturing capacities that are currently underutilized due to insufficient funding Generate increased revenue for budgets at all levels Help alleviate the foreign trade deficit To bolster his argument, he referenced data showing a rise in the negative balance of foreign trade. While exports have remained static compared to last year, imports have surged

Ukrainian intelligence reports suggest that Russian troops are likely preparing for a larger offensive in Ukraine. Russia is moving troops to key hotspots on the battlefield, rather than demonstrating readiness for peace talks. This week, Russian forces have seized new territories in the Donetsk region. The head of the Center for Countering Disinformation, Andriy Kovalenko, confirmed that Russia plans to attack during the summer while dragging its feet with negotiations and talking nonsense, using the front to manipulate the peace

Recently, the Ukrainian Agency for Public-Private Partnerships (PPP) and the US International Development Finance Corporation (DFC) signed two more agreements related to the fund’s launch. These agreements comprise a limited partnership agreement and a Limited Liability Company agreement that will act as the fund’s general partner. The fund’s official establishment date is May 23, but it will not commence operations until two months later. Minister of Economy Yulia Svyrydenko has submitted a note to the US Embassy affirming that Ukraine