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Deputy Minister of Energy Mykola Kolisnyk stated that the production increase is a crucial factor in reducing Ukraine’s dependence on global markets, while also raising the possibility of a stable heating season and becoming a European gas hub. According to him, the increase became possible through equipment modernization, the introduction of new technologies, increased protection for gas production facilities, and the introduction of new legislative initiatives to support the industry and attract investment. Naftogaz Group companies produced more than 11

General Director of Sav Orbico, Andrii Makhovskyi, announced that Croatian company Orbico Group bought a controlling stake (51%) in one of the largest Ukrainian distributors of everyday goods, Savservice. The Savservice company has worked in Ukrainian distribution for 32 years. It is a national partner of the Pringles, Starbucks, and Procter&Gamble brands, whose products include Pampers, Gillette, Old Spice, Ariel, Tide, and Fairy. Sav Orbico owns over 50,000 square meters of warehouse space and cooperates with over 60,000 stores in

Thirty-one new projects representing a total amount of €2.1B have been added to Ukraine’s investment portal, created by the Ministry of Economy and the Kyiv School of Economics with support from the British government. The initiatives proposed by both private and public companies cover various fields, including energy, rural economy, mechanical engineering, transport and logistics, green metallurgy, and building materials production. Geographically, new projects have been presented in 13 regions of Ukraine, most of them in the Lviv, Dnipropetrovsk, and

A Ukrainian developer of communication systems, Himera, received an investment from the Nezlamni fund. Although the amount is undisclosed, it is within the standard range of the fund’s $100,000 to $400,000 check. The funds will be used to scale production of the company’s HIMERA G1 Pro systems, develop the product line, and enter new markets. The valuation of the startup has not been disclosed. The HIMERA G1 Pro system is an improved version of its battle-proven predecessor, and establishes a

The German federal government confirms the increase in Ukrainian grain imports and, at the same time, denies any negative impact from this on its market. Grain imports have grown since 2022, when the Russian Federation started its full-scale invasion of Ukraine. The import of fodder and food grain from Ukraine peaked in recent years – about 741,000 tons. For the first half of 2024, volumes approached 490,000 tons. The largest import share is corn. This year alone through July, Germany

The difficult situation on the Ukrainian front and Russia’s significant superiority in manpower and equipment have forced Kyiv and its Western partners to change their goals and objectives. There is no longer any talk of liberating the occupied territories; instead, the main goal is to prevent Russia from capturing even more land. August-October of this year has become the most successful for the Russian army since the beginning of the invasion, with 460-480 square kilometers captured per month. “At the

The Foundation for Defense of Democracies notes that the Kremlin plans to spend $145B of its total $436B state budget on defense in 2025. This is more than 6.3% of Russia’s GDP, and the country’s highest level since the Cold War. Also, additional war-related payments are scattered throughout Russia’s annual budget. Therefore, the true burden on the Russian economy is approaching an impressive 10% of GDP. At the same time, the Russian government is forced to work with a deficit

Inviting Ukraine to NATO could end Russia’s imperial ambitions and prove that in the modern world, autocracies cannot defeat democratic systems, says Andrius Kubilius, a member of the European Parliament. “Inviting Ukraine to membership could be a very powerful signal to Putin and the Russians that they need to forget about Ukraine. That’s it, Ukraine has gone to the West,” Kubilius noted. If Russia loses control over Ukraine, it will have a chance to evolve into a democracy, so inviting

Despite the war, prices for agricultural land in Ukraine continue to grow, according to market experts. Weighted average prices have been gradually increasing by up to 10% since the beginning of the year. Price dynamics continue to be shaped by both negative and positive factors. Negative factors include the war and all its related consequences, which create uncertainty for investors. However, legal entities now being able to purchase land has given the market positive impetus. New players are coming to

Ukrainian bankers believe that the Board of the NBU will leave the discount rate at the current level of 13% per annum at a meeting on Thursday. “However, a return to tightening monetary policy in the event of a further acceleration of inflation cannot be ruled out,” said a top manager at Pravex Bank. Raiffeisen Bank believes that the current rate is acceptable for the next two revisions this year. However, if the inflation trend significantly exceeds expectations in October,

The opening of negotiation clusters with Ukraine is expected in 2025. On October 30, the European Commission adopted the annual package of measures on EU enlargement, which contains a detailed assessment of the state of affairs and progress achieved by Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, Serbia, Georgia, Moldova, Ukraine, and Turkey. The EC noted that opening accession negotiations with Ukraine was “an important recognition of Ukraine’s determination to carry out reforms on the path to EU accession.

Jordan Guitton, a member of parliament from the right-wing populist National Unity party, is demanding that the French government comment on what he believes is the harmful impact of Ukrainian sugar and sugar beet imports to the EU, particularly France. Beet imports from Ukraine increased from 20,000 tons to 400,000 tons in 2022-2023 and then to 700,000 tons in 2023, causing prices within the EU to fall by 30% and directly affecting French producers. “The EU not only fails to

Olena Shulyak, the head of the Parliamentary Committee on Regional Development, said that Ukrainian businesses are willing to join the reconstruction and restoration processes in Ukraine. The most common means of anticipated participation are the performance of work and provision of services; businesses are also considering partnerships with Ukrainian and foreign organizations. She noted that it is now extremely important to prescribe the formats and conditions under which companies would be interested in joining reconstruction efforts, as it is impossible

On November 7, the State Property Fund of Ukraine (SPFU) is re-exhibiting an online auction of the state-owned stake, in the amount of 100%, of the Titanium Institute in Zaporizhzhia. The starting price has been reduced from ₴97.65M to ₴48.83M ($1.15M). The institute’s primary activity is research and experimental development in natural and technical sciences. In addition, the SPFU has put up the state’s stake in the Naftokhimik Prykarpattya refinery for privatization on November 20. Naftokhimik Prykarpattya is one of

Andrius Kubilius, a member of the European Parliament nominated for appointment as European Commissioner for Defense in the new European Commission, stated: “I will be responsible for the implementation of the so-called European Defense Industry Program. This program is not only about how to further develop the European defense industry and create new tools, but also about how to accelerate the integration of the Ukrainian defense industry with the European one. This will benefit both sides, allowing member states to

The Seeds of Bravery funding will support innovation and growth across four key programs. It will help entrepreneurs accelerate their projects, raise necessary resources, and expand their presence in new markets. These investments will also help create new jobs and increase the competitiveness of the Ukrainian startup ecosystem. Under the Innovative Entrepreneurship program, 16 startups will receive grants of up to €25,000 to support business continuity and promote women-led companies. Eight Deep Tech Incubators program winners won grants of up

In a joint statement made at the fourth Ukraine-Northern Europe summit in Reykjavik, the prime ministers of Iceland, Denmark, Norway, and Sweden stated that they support the Victory Plan. “We will work to facilitate its implementation and strengthen Ukraine’s position on the eve of the second Peace Summit on the way to a lasting peace based on international law, including the UN Charter,” the document says. It also emphasizes that “the future of Ukraine is in NATO.” The statement notes

President Zelenskyy, at a meeting with the heads of governments of the Nordic Council in Iceland, once again stated the importance of inviting Ukraine to NATO. During his speech in Reykjavík, he emphasized that Kyiv does not expect to join the North Atlantic Alliance immediately but expects an invitation “as an indicative sign.” The Ukrainian leader asked the Nordic Council, which includes Denmark, Finland, Iceland, Norway, and Sweden, to pressure their partners throughout Europe – especially in Germany. Zelenskyy expects

A South Korean delegation will visit Ukraine this week to share information about the deployment of North Korean troops to Russia and discuss cooperation measures, South Korean President Yoon Suk Yeol said. President Zelenskyy and Yoon Suk Yeol spoke over the phone and discussed the involvement of the North Korean military in the Russian invasion of Ukraine. “There is only one conclusion – this war is internationalized and goes beyond the borders of two states,” Zelenskyy said. According to the

Ukrainian banks expect a further reduction in deposit rates for both individuals and businesses. A survey on lending conditions showed that in the third quarter, the largest share of respondents since the beginning of 2022 predict an increase in business lending volume in the next 12 months. This stems from consumers actively applying for loans for the third quarter and commercial demand reaching its highest indicators since 2021. Exceptionally high interest was observed in long-term hryvnia loans for small and