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Viktoria Pazychuk, a plant manager at Kromberg & Schubert Ukraine, stated that by 2025 the company will be the largest employer in the region. Currently, it employs 5,500 people in Volyn, with the total exceeding 6,000 including mobilized workers. Pazychuk highlighted that over the past three years, since the start of the full-scale invasion, the Ukrainian branch has doubled in size. Their success is largely due to the trust placed in them by their German clients, who maintained and expanded

Deputy Mayor Vasyl Novachok reported that the city aims to develop a thermal power plant that will operate on RDF fuel composed from waste. Preliminary estimates suggest the future CHP will produce two MW of electricity and eight MW of thermal energy. This will help the city save over seven million cubic meters of natural gas annually. The project’s total cost is estimated at €35.78M, with a payback period of 15.6 years. The official indicated that this could become part

The Alliance would benefit from Ukraine’s membership, as it would enhance its strength and bring valuable battle-tested innovation. However, Zelenskyy stated that Ukraine’s NATO accession is unlikely to happen soon. He highlighted that NATO gains from having Ukraine as an ally due to Kyiv’s unique wartime experience, new technologies, and eagerness to support its allies’ defenses. “It’s not just about the battlefield. It’s also about the economy, survival, cyberattacks, the banking system, and the energy sector,” he explained. Zelenskyy emphasized

Ukrainian President Volodymyr Zelenskyy urged the Alliance to act quickly, as Russia’s war against Ukraine enters one of its most critical phases. “We believe that starting in 2030, Putin may have even greater opportunities. Today, Ukraine is holding him back,” the president said. However, according to the Ukrainian leader delays in increasing military support for Kyiv could give Russia time to regroup, retrain, and rearm. Zelenskyy stressed that Russian troops are suffering devastating losses on the battlefield, but Putin is

President Volodymyr Zelenskyy declared at the Defense Industry Forum in the Netherlands that “Our defense industry’s potential exceeds €35B, yet 40% remains unfunded, which is a major issue. For instance, we could produce approximately eight million diverse drones annually, but current funding supports a much smaller quantity.” He pointed out that Russia not only relies on oil revenue for aggression but also leverages resources from Iran, North Korea, and foreign companies. “Our solidarity is the best response to Russia’s military

Oil prices dropped sharply after US President Donald Trump announced a ceasefire between Israel and Iran (although it was soon broken), which alleviated concerns about disruptions in the supply of “black gold” from the primary oil-producing region. Brent and WTI futures fell by $2 on Tuesday to $69.4 and $66.5 per barrel, respectively. What is known now is that on Monday June 23, Trump announced that Israel and Iran had agreed to a ceasefire. If the ceasefire holds, investors may

Kyiv and London have reached a historic agreement that involves transferring war-tested Ukrainian technologies to British defense firms. The British government highlighted that Ukraine is a global leader in developing and applying drone technologies, which are updated approximately every six weeks. From this point forward, British defense companies will have access to these advanced developments and can quickly produce large quantities of drones for Ukraine. This will support Ukrainian defense efforts and benefit the British economy. The agreement is set

The Netherlands will provide Ukraine with 100 drone detection radar systems and 20 medical evacuation vehicles as part of a new €175M aid package, said Dutch Defense Minister Ruben Brekelmans. The drone detection radars will enable timely detection of enemy drones and transmission of their coordinates to Ukraine’s air defense. The deliveries are scheduled to be completed by the end of 2025. Additionally, €80M of the announced amount will be used to support Ukraine through the international drone coalition. Brekelmans

The EU is making a significant move to strengthen its defense industry and integrate Ukraine’s defense industrial complex. EU countries have approved a mandate to negotiate with the European Parliament regarding the launch of the European Defense Industrial Program (EDIP). This program would allocate €1.5B from the EU budget through December 31 2027, with €300M dedicated specifically to Ukraine’s defense sector. EDIP aims to boost the readiness of the EU defense industry, enhance its competitiveness, and improve its ability to

Representatives from Ukraine’s Ministry of Energy and an EU delegation discussed integrating Ukraine’s gas transmission system into the European Database (UDB). This integration will open the EU market to Ukrainian biomethane and enable it to earn green bonuses. “Our ambitious goal is to ensure the technical connection of the GTS Operator of Ukraine to this system, making it one of the first companies outside the EU to be fully integrated into the UDB,” the Ministry of Energy stated. Integration into

The State Property Fund of Ukraine held nine successful privatization auctions from June 16-20, raising ₴837.9M for the state budget. On average, prices for assets put up for auction increased by 220% during the bidding process. The most expensive asset sold last week was the state-owned construction company Ukrbud in Kyiv, which sold for ₴805M ($19M). Nine auctions are scheduled for this week, including lots such as the Lviv Special Design Bureau Topaz (Lviv) and the Scientific Center for Precision

A private company, Ivanivske, in Ternopil has started constructing a large-scale infrastructure project with a total cost exceeding ₴82M ($2M), including nearly ₴8M in state compensation for interest on loans under the Affordable Loans 5-7-9 program. The new elevator will help increase the farm’s productivity by allowing it to efficiently receive, dry, and store grain. Currently, Ivanivske manages over 4,000 hectares of land, primarily growing winter wheat, sugar beets, and corn. Meanwhile, the Topilche enterprise from Ternopil is also experiencing

The construction of a European-standard railway on the Chop-Uzhhorod railway section (Transcarpathia) is nearing completion and is expected to open in July, said Deputy Minister of Finance Oleksandr Kava. He stated, “(P)assenger trains will travel directly from Uzhhorod to Budapest, Kosice, Vienna, and Bratislava.” Kava also mentioned ongoing preparations for establishing a European train line to Chernivtsi and Lviv. After these, Lutsk could be the next city to feature Eurotrack. “This is the option that can provide high-quality connections in

Despite a decline in the number of tourists and many companies leaving the market altogether, the hotel industry is experiencing growth: Hotel tax revenue in the first quarter of 2025 reached ₴565.9M, 43% higher than the same period last year, according to the State Agency for Tourism Development. Meanwhile, positive trends – an 11% increase – were also seen in tour operator activity: In the first half of the year, they paid ₴98.3M in taxes, up from ₴88.7M last year.

Russia is using the escalation of military activity in the Middle East to intensify its assaults on Ukraine, Polish Foreign Minister Radosław Sikorski said. He added that the conflict between Iran and Israel benefits Russia, as oil prices are rising. The most recent example of Russia’s renewed aggression was a combined Russian strike involving Iranian drones and North Korean missiles on the night of June 23, in which at least 10 people were killed, and approximately 40 were injured in

The Iranian parliament has approved a bill to block this vital shipping route for oil exports in response to recent US airstrikes on Iranian nuclear facilities. The Strait of Hormuz is one of the world’s key maritime passages, through which about 20% of the world’s oil flows. It is the main route for tankers from countries like Saudi Arabia, the UAE, Qatar, Kuwait, Iraq, and Iran. As a result, oil prices increased on June 23: August Brent and WTI futures

Foreign governments are already starting to build institutional support for companies planning to enter Ukraine to participate in its reconstruction. Poland has introduced a special credit program to help with Ukraine’s reconstruction, offering over $67M in preferential loans for companies interested in projects there. Priority sectors include logistics, construction, and the supply of goods and services. France, through the Bpifrance Assurance Export insurance agency, covers up to 95% of political and commercial risks for French companies entering Ukraine, even before

The Taliban, which controls Afghanistan, has agreed to increase the number of Afghan migrant workers in Russia tenfold. Currently, around 100 Afghan workers are engaged in construction in Russia, with another 1,000 expected to arrive soon. Plans are also underway to deploy Afghan builders to the Russian-occupied regions of Ukraine – the DPR and LPR – where they will assist in clearing territory and rebuilding infrastructure. Since Russia’s full-scale invasion of Ukraine, cooperation with the Taliban, designated a terrorist group

Analysts believe that despite investing billions, Europe must spend much more to strengthen its military power and reach parity with Russia. To achieve this, European weapons output would have to increase roughly fivefold to decisively shift the balance in Europe’s favor. Additionally, military strategy and technology are advancing rapidly. As a result, modernizing weapons and tactics while expanding current, effective systems is essential. Although European countries are investing significantly more in defense than three years ago, such increased spending may

Despite the benefits of wind energy, its development in Ukraine remains limited by tax pressures, said Volodymyr Omelchenko, Director of Energy Programs at the Razumkov Center, stressing the need to exempt imported equipment for wind farms from VAT and import duties. He added that since February 24 2022, Ukraine has lost more than 80% of its wind generating capacity due to Russian aggression. Before that, wind energy was growing quite rapidly, mainly in the south and east of Ukraine. However,