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During their visit to Lviv, top European diplomats promised to provide Ukraine with additional military support totaling nearly €1.9B, with €1B being allocated to purchase weapons directly from Ukrainian manufacturers using the Danish model. Another €600M will be directed towards artillery and ammunition, while more than €200M will be used to strengthen Ukrainian air defense. To finance the assistance, the European Commission has signed an agreement with several EU countries to allocate €1B from the profits generated by frozen Russian

Finland has proposed imposing duties on all imports from Russia to the EU, which will operate simultaneously with existing sanctions. This step will not require unanimity from all member states. The proposal arose when the EU faced renewed resistance from Hungary regarding the extension of previously imposed Russian sanctions. German Chancellor Friedrich Merz stated that if Russia refuses a 30-day truce, almost all EU members and representatives of the “coalition of the willing” are ready to increase sanctions pressure against

According to a study, 20% of companies plan to actively hire employees, while 39% will limit themselves to selective recruitment, and 34% will not change their personnel levels. At the same time, 7% of companies indicated that they plan to reduce staff this year. The key obstacles facing businesses include the shortage of qualified employees, falling demand, and emotional burnout among teams, accounting for 77% of responses. Other challenges include high levels of tax and regulatory burdens, the introduction of

In April 2025, inflation in the consumer market was 0.7%. In annual terms, price growth accelerated to 15.1%, compared to 14.6% in March, as reported by the State Statistics Service. Prices for food products and non-alcoholic beverages increased by 1.8% in April. Pork and fruits rose the most, by 7.9%. At the same time, eggs, rice, and butter saw price declines of 2.5% to 0.2%. Prices for alcoholic beverages and tobacco products increased by 1.3%, driven by a 2.2% rise

American Elliott Investment Management, one of the most influential investment companies in the world, is negotiating to buy a stake in a package of infrastructure assets, including the pipeline through which Russian natural gas is supplied to the EU. The fund wants to buy a stake in the Bulgarian extension of the Turkish Stream gas pipeline, as well as gain access to a network of data centers, cable channels, and other infrastructure assets. Currently, negotiations are at an early stage.

The National Bank has launched a “stimulating currency liberalization” aimed at attracting foreign capital to Ukraine. Its essence is to create a mechanism that will encourage foreign investors to invest in Ukrainian enterprises in exchange for permission to conduct currency transactions that were previously prohibited. The concept of an “investment limit” is being introduced, which will be equal to the amount of foreign investment added to authorized capital after May 12 2025. Within this limit, a company will receive the

The first contribution will come from the US International Development Finance Corporation (DFC). According to Minister of Economy of Ukraine Yulia Svyrydenko, Ukraine has not yet signed two other agreements regarding a limited partnership between the countries and on the fund’s operation. She indicated that these agreements are still in the finalization stage, and state agencies from both countries will sign them – the DFC and the Agency for Support of Public-Private Partnerships (PPP). She also confirmed that: The agreement

At midnight on May 8, Russia announced the start of a three-day truce with Ukraine, lasting from May 8 to midnight on May 11, to mark the 80th anniversary of the Allied victory in World War II. However, just a few hours earlier on May 7, Russian troops launched drones at the Cherkasy region, targeting Uman and nearby villages, damaging an educational institution. Additionally, the aggressor forces dropped a high-explosive aerial bomb on a residential multi-story building in Konstyantynivka, Donetsk

According to Reuters, restoring Russia’s role in the European gas market is viewed as a potential component of a peace deal with Putin, and US involvement in this process could alleviate political resistance in Europe while granting the Americans some control over the volume of Russian gas Europe will receive. Several options for American participation are being considered: investments in Nord Stream and the Ukrainian gas transportation system, a stake in Gazprom, and involvement from American companies as intermediary buyers.

Last year, the European Union exported goods valued at €42.8B to Ukraine and imported €24.5B, resulting in a trade surplus of €18.3B, according to Eurostat data. Compared to 2023, exports and imports increased by 9.4% and 7%, respectively. The EU’s main export products were mineral fuels (€6.8 billion), electrical equipment (€4.3B), and machinery (€4.2B). The EU’s exports of mineral fuels to Ukraine saw the largest increase (€4.1B), as imports of these fuels from the Russian Federation and Belarus to Ukraine

Ihor Fomenko, the General Director of the Defense Division of the Federation of Employers of Ukraine, stated that several options for exporting Ukrainian defense products are currently being considered. He hopes that the decision will be announced as early as May, as this is becoming an extremely critical issue for the defense industry, which is currently operating at about 40% capacity. Exports have been discussed at various levels for over a year, and everyone understands the necessity of reaching an

The European Commission is optimistic about the future of membership negotiations with Ukraine and Moldova and hopes to open all six negotiation clusters this year, said Gert Jan Koopman, Head of the EC Directorate-General for Enlargement. “We have set a calendar for the screening, which will be completed in the autumn. On this basis, the EC will prepare a report to be sent to the EU Council, which will reflect the situation in all six clusters. We aim to achieve

The Dniester Gardens company plans to plant 30 hectares of apricot trees in Bukovyna in 2025. This enterprise has been operating for 15 years and grows agricultural products on an area of 338 hectares. It is one of the largest modern garden enterprises in the Chernivtsi region, with 240 hectares of orchards, including 180 hectares of apple trees and 60 hectares of apricots. The Dniester Gardens and Greenline enterprises, located nearby, jointly comprise the BUKOVITA trademark. The fruits grown by

Deputy Minister of Agrarian Policy Taras Vysotsky stated that beginning this year, the cultivation of industrial hemp in Ukraine has been entirely deregulated. Now, anyone registered in the relevant registry can sow it. “We expect that this will lead to a significant increase in the area of this crop, which will be actively sown in May,” he noted. A two-year experimental period for cotton cultivation is also currently underway in Ukraine. Though this crop was first planted in the Odesa

According to the Opendatabot analytical portal, 81,928 individual entrepreneurs have opened in Ukraine since the beginning of the year, which is 9% less than during the same period last year. Meanwhile, 119,895 entrepreneurs have ceased their activities, with the number of closures increasing by 44% compared to the corresponding period in 2024. In total, 37,967 more individual entrepreneurs have closed this year than opened. Chairman of the Finance Committee Danylo Hetmantsev noted that the surge in the number of closures

Portuguese IT startup TEKEVER, specializing in developing AI-equipped reconnaissance drones, raised approximately $500M in investment, boosting its valuation to $1.25B. Investors fully supported this new round of financing that is intended to accelerate TEKEVER’s expansion. The planned five-year program will enhance the production of the TEKEVER drone family, including the AR3 and AR5 reconnaissance UAVs used by the Ukrainian military. TEKEVER operates offices in Ukraine focused on technology adaptation, training, and service support. The company claims that in partnership with

Over the three years of the war, the cost of housing construction in Ukraine has increased by an average of 90-115%, depending on the housing class, and it continues to grow. The reasons lie not only in the price of materials but also in the systemic shortage of personnel and the crisis in the supply of key materials. Only 40-50% of the pre-war construction workforce is currently employed. The labor shortage forces companies to raise salaries and attract contractors from

On May 7, Russia launched four ballistic missiles and 142 drones targeting Kyiv and other regional centers overnight, President Zelenskyy said on Wednesday. As a result of the attack, two people were killed in the capital, and seven were injured, including children, he stated. The strikes also targeted other regions of Ukraine, including Dnipro, Zhytomyr, Chernihiv, Kherson, and Zaporizhzhia, where additional individuals were injured, according to local authorities. At the same time, Russian air defenses shot down 16 drones flying

The US President’s Special Envoy for Ukraine, Keith Kellogg, has proposed the establishment of a demilitarized zone under joint Ukrainian-Russian control. He believes that a ceasefire “in place” will allow the parties to maintain control over the territory they currently hold. “The Ukrainians should recognize that these lands that they fought for will remain with the Russians for now, but the situation may change over time,” he said, referring to historical examples of the Baltic countries after World War II

In the absence of sanctions, it will be difficult for European buyers to terminate gas contracts under force majeure conditions. While a possible peace agreement between Russia and Ukraine may ease sanctions, the European Commission is studying legal options that would allow European companies to invoke force majeure and terminate Russian gas contracts without penalties. However, lawyers and analysts doubt that force majeure approach will be effective. For it to be declared, the supplier must violate the contract, but the