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Furniture manufacturer Accord-Import has invested over €1M in production automation over the past two years. The company is currently constructing a new €13M robotic factory in Khmelnytskyi. This new factory will produce up to 800,000 square meters of cabinet furniture per month – 100% more than the company’s existing factory. The production facility will employ 140 people, which is 50% fewer than in the company’s original factory in Khmelnytskyi. Seven robotic stations have already been installed, and two more are

During talks in Riyadh, the US delegation collaborated with representatives from Ukraine and Russia to prevent assaults on commercial vessels in the Black Sea. “The US and Ukraine have committed to ensuring the safety of shipping, refraining from the use of force, and halting the use of commercial vessels for military purposes in the Black Sea,” the White House stated. The US had already secured a similar agreement during negotiations with the Russians. Defense Minister Rustem Umerov emphasized that the

In the US, a bipartisan group of senators has called on President Donald Trump’s administration to convince the US’ European allies to confiscate over $300B in frozen Russian assets to assist Kyiv. The letter, addressed to Secretary of State Marco Rubio and signed by Republican senators Todd Young and Lindsey Graham along with Democrats Richard Blumenthal and Tim Kaine, inquires: “Does the administration believe that assets under US and EU control should be leveraged in negotiations with Russia to end

Ukraine unconditionally backs the notion of a complete ceasefire with Russia, which would extend beyond the month-long truce currently being negotiated in the energy infrastructure sector, stated Ukrainian Ambassador to the US Oksana Markarova. “We need Russia to agree to this as well. After all, it takes two to tango,” Markarova said after US and Russian officials wrapped up 12 hours of talks in Saudi Arabia on Monday. Meanwhile, on Tuesday the Ukrainian and American delegations conducted another round of

The Kremlin is deliberately extending peace discussions to acquire additional territory and bolster its position in dealings with the US, sources familiar with Russian leadership’s thought process indicate. They opine further that Putin will agree to a truce only if it serves Moscow’s interests, which include: The Kremlin intends to legitimize its occupation, specifically to compel the West to recognize the occupied territories as part of Russia, while expecting Washington to overlook its ongoing military actions. The Kremlin is focused

The first corporate sale of electricity guarantees of origin in the renewable energy market has taken place in Ukraine. Knauf Gips Kyiv, a manufacturer of building materials that is part of the German Knauf Group, purchased the guarantees from D.Trading. This marks an important milestone in the development of the Ukrainian electricity guarantees-of-origin market. Using the national electronic register, Knauf verifies the reliability and transparency of the system. This event could serve as a catalyst to bolster the demand for

The Trump administration is preparing to introduce new tariff restrictions on imports from 15 countries, including Russia. These measures may take effect on April 2. Initially, it was planned for the tariffs to impact specific economic sectors, including the automotive industry, pharmaceuticals, and semiconductor production. However, another option is currently under consideration – individual rates for each country, which would allow for more flexible control of trade balances. The list of countries that may face new restrictions includes Russia, China,

As of February, 85% of private manufacturers of weapons and military equipment (WME) are planning to relocate or have already done so, according to 34 private companies in the defense sector. The top five countries most commonly chosen for relocation include Poland, the Czech Republic, the US, Slovakia, and Estonia. The leading reason that prompts manufacturers to consider relocation is Ukraine’s ban on arms exports, cited by 63%. Other reasons include the low volume of government purchase orders, despite the

Ukraine’s issue with debts that it owes to renewable energy producers impacts the industry’s growth prospects, said Olga Rybachuk, a manager at Elementum Energy, which has invested in the construction of new wind turbines at the West Wind Park. “Since the end of last year, debts have declined. However, this remains a significant issue affecting not just current projects, but also future prospects. Initially, the primary investors willing to invest in Ukraine will be those already present in the market

The UN’s Food and Agriculture Organization (FAO) has backed an initiative from the Ministry of Agrarian Policy of Ukraine to build small vegetable storage facilities, according to the agency’s head, Vitaliy Koval. “Today, around 35% of the produce grown in Ukraine is lost due to inadequate storage conditions. Together with the FAO, we are initiating the construction of modern vegetable storage facilities with capacities ranging from 20 to 1,000 tons, primarily in the frontline regions of Kharkiv and Mykolaiv,” he

In the Myrhorod district (Poltava region), the Yednist’ Food Grain and Legume Processing Plant, which is part of the Yednist’ Group’s production assets, has commenced operations. The plant is equipped with machinery from Ukrainian manufacturer Olis. It produces yellow split peas, corn grits, and corn flour for the B2B market. The enterprise’s total processing capacity is 120 tons of raw material per day, and production is certified to meet international safety standards. Sixty-five percent of the plant’s output is planned

Rental rates in Kyiv’s business centers have been falling during the first months of 2025. This trend occurs amid increasing pressures on tenants. In August of last year, rent for class A facilities dropped by 10%, reaching its lowest effective rate in a decade. UTG noted that this shift is directly connected to higher energy costs, rising utility bills, and consequently increased operating expenses stemming from a rise in vacancy rates and the distribution of operating payments among a smaller

On Monday March 24, while negotiations between Russian and American delegations were ongoing in Riyadh, Russia launched a missile strike on the center of Sumy. A residential area, a school, and a children’s hospital were hit. The number of injured exceeded 70, including 13 children. The attack damaged several high-rise buildings as well as the school. Eight houses were left without gas supply, 18 without hot water and heating, and six without cold water. US President Donald Trump’s entourage reported

Defense Minister Rustem Umerov emphasized that the conversation was constructive and meaningful. President Zelenskyy’s primary objective is to achieve lasting and sustainable peace in Ukraine. “We are working to make this a reality,” the minister stated. Advisor to the Head of the Presidential Office Serhiy Leshchenko clarified that the negotiations with the US in Saudi Arabia included discussions on shipping safety and preventing attacks on Ukrainian ports. The topics of prisoner exchanges and the return of Ukrainian children were also

A ceasefire on the front line will be the final step before signing a peace agreement in the conflict between Russia and Ukraine, with intermediate stages to occur beforehand, stated US President Donald Trump’s national security adviser, Mike Waltz. The first step toward de-escalation and conflict resolution should be a mutual halt to attacks on energy infrastructure. “Both sides need to stop launching drones and missiles at nuclear power plants, oil pipelines, and energy networks. After all, everything will eventually

Czech President Petr Pavel thinks that Ukraine’s security guarantees will consist of two components: a mineral agreement with the US and guarantees from European countries. “If American businesses are present in Ukraine, we can expect the US to protect those interests,” he stated. Another component of the guarantees is a coalition of the willing gathered from states that are able and are willing to send stabilizing military forces to Ukraine once a peace agreement has been established. At the same

US President Donald Trump has set his sights on the Zaporizhzhia NPP, but there is a nuance to this concept, given that it may take years before there is any hope of a return on investment. This is because six of the ZNPP’s reactors are in a state of cold shutdown, the facility has lost its main source of cooling water, and the condition of its equipment is unknown. Some believe this idea serves as a means of pressure on

The head of European diplomacy, Kaja Kallas, continues to collaborate with EU member states on her €40B military assistance initiative for Ukraine. “The EU High Representative has proposed a plan to ensure comprehensive support for Ukraine, including military aid, and we are discussing it. We have a responsibility to ensure that Ukraine is a strong state, which is why we must urgently enhance all measures. Last year, we provided Ukraine with over €20.5B in military assistance, and we need to

A few weeks before talks between US President Trump and Russian President Putin, the Russian Central Bank alerted the Kremlin to the possibility of a prolonged drop in oil prices, similar to the one that preceded the USSR’s downfall. Such a scenario, based on the Russian Central Bank’s forecast, could occur if the US and OPEC saturate the oil market  by ramping up oil production. The collapse of oil prices in the 1980s caused a sharp decline in the Soviet

Ukraine has warned that the expiration of duty-free trade with the EU on June 5 could result in ”serious damage” to its economy. Kyiv hopes the EU will extend the duty-free trade regime, especially given the uncertainty surrounding long-term US support. However, some EU member states, including Poland, Hungary, Slovakia, and Bulgaria, oppose expanding Ukraine’s market access, fearing competition for their farmers. In 2024, the EU’s “autonomous trade measures” accounted for nearly 10% of Ukraine’s $41B total export revenue. “The