Tech

Wednesday, July 2

Which foreign arms manufacturers are already operating in Ukraine?

Which foreign arms manufacturers are already operating in Ukraine? As of mid-2025, at least eight foreign companies have already opened or plan to open arms production facilities in Ukraine. These includes research, assembly, maintenance, and repair operations, as we...

Ukraine is seeking new investment in its defense sector and enhancing collaboration with German arms manufacturers.

Ukraine is seeking new investment in its defense sector and enhancing collaboration with German arms manufacturers. During talks with EU representatives, President Zelenskyy emphasized investment in domestic weapon production, focusing on long-range UAVs, interceptor drones, and similar equipment. “This is cr...

Monday, June 30

Kyiv is launching a joint weapons production program with international partners in Ukraine withing Ramstein coalition.

Kyiv is launching a joint weapons production program with international partners in Ukraine withing Ramstein coalition. Ukraine’s Defense Minister Rustem Umerov revealed the Ministry of Defense’s plans to expand Ukraine’s cooperation with its allies on joint weapons manufacturing. He mentioned that th...

Friday, June 27

Payoneer and WIN-WIN EDIH join forces to support Ukrainian startups.

Payoneer and WIN-WIN EDIH join forces to support Ukrainian startups. Fintech company Payoneer, which serves businesses worldwide, and the European Digital Innovation Hub WIN-WIN EDIH, established in Ukraine under the EU’s Digital Europe program with a total budge...

Ukraine is planning changes to its preferential lending program for the defense industry: What are the plans?

Ukraine is planning changes to its preferential lending program for the defense industry: What are the plans? The Ministry of Strategic Industry is working on expanding the preferential lending program for manufacturers of weapons and military equipment, launched in November 2024. By June 2025, the program ha...

Thursday, June 26

Ukraine plans to incentivize the development of the defense industry.

Ukraine plans to incentivize the development of the defense industry. Draft laws on Defence City are being registered in the Verkhovna Rada, creating a special legal regime for taxation and state support of defense-industrial complex enterprises, similar to the existing...

Denmark will become the first country to launch joint defense production with Ukraine on its territory.

Denmark will become the first country to launch joint defense production with Ukraine on its territory. The Ministers of Defense of Ukraine and Denmark – Rustem Umerov and Troels Lund Poulsen – signed a letter of intent, which paves the way for joint production of Ukrainian weapons in Denmark. “Th...

Wednesday, June 25

Ukraine, with sufficient funding, can manufacture around eight million drones each year.

Ukraine, with sufficient funding, can manufacture around eight million drones each year. 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...

British companies will manufacture UAVs using Ukrainian technology.

British companies will manufacture UAVs using Ukrainian technology. 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 lea...

The EU will allocate €300M to support Ukraine’s defense industry under the new EDIP program.

The EU will allocate €300M to support Ukraine’s defense industry under the new EDIP program. 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 Parliamen...

Tuesday, June 24

Europe will need to boost its weapons production by 400% to effectively deter Russia.

Europe will need to boost its weapons production by 400% to effectively deter Russia. 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 incr...

Norway is investing part of the €580M earmarked for Ukraine to produce naval drones.

Norway is investing part of the €580M earmarked for Ukraine to produce naval drones. The country has designated about NRK 6.7B (€580M) to support the maritime coalition it leads together with the UK. Some of these funds will go toward developing and producing unmanned naval vessels, u...

Tuesday, June 17

Germany is co-financing three drone production projects in Ukraine.

Germany is co-financing three drone production projects in Ukraine. According to German expert and senior researcher at the Munich Security Conference, Nico Lange, Berlin is investing in these three drone production initiatives. “These are not new projects; they...

Monday, June 16

Ukraine has already completed 47% of this year’s missile program objectives: The domestically produced Sapsan ballistic missile is faster than the American ATACMS.

Ukraine has already completed 47% of this year’s missile program objectives: The domestically produced Sapsan ballistic missile is faster than the American ATACMS. As of June 1, Deputy Defense Minister Anatoly Klochko stated that Ukraine’s missile program for 2025 is 47% complete. Funding sources for the development of the weapon come from the state budget...

Wednesday, June 11

Another step toward gunpowder production: Farmers will receive subsidies for growing cotton.

Another step toward gunpowder production: Farmers will receive subsidies for growing cotton. For the first time in Ukraine, state financial support is being provided to farmers who cultivate cotton in the southern regions. According to the Ministry of Agrarian Policy, this initiative aims to ...

Monday, June 9

France is uniting its automotive and defense industries to produce drones for Ukraine.

France is uniting its automotive and defense industries to produce drones for Ukraine. French Defense Minister Sebastien Lecornu stated: “We are going to start an absolutely unprecedented partnership in which a large company that produces French cars will join forces with French s...

Friday, June 6

In 2025, Ukraine’s international partners will allocate €1.3B to be invested in the Ukrainian defense industry according to the Danish model.

In 2025, Ukraine’s international partners will allocate €1.3B to be invested in the Ukrainian defense industry according to the Danish model. Ukraine will receive €1.3B in 2025 under the Danish model to finance its weapons production. As a result of negotiations, Ukraine will receive the first tranche of €428M from Denmark, Sweden, Canada, ...

Thursday, June 5

Ukraine plans to manufacture 2.5 million drones this year, having signed contracts worth $2.5B with 76 companies.

Ukraine plans to manufacture 2.5 million drones this year, having signed contracts worth $2.5B with 76 companies. According to the estimates, drone production will rise by 150%, increasing from one million last year to 2.5 million in 2025. The Ukrainian Ministry of Defense has allocated over $2.5B for 2024-2025 t...

Wednesday, June 4

Ukraine and its allies are developing and producing interceptor drones to combat Russian shaheeds.

Ukraine and its allies are developing and producing interceptor drones to combat Russian shaheeds. Three Ukrainian companies are currently manufacturing these drones, which cost about $5,000, though some interceptors can be as inexpensive as $300 per unit, according to Oleksandr Kamyshin, an advise...

American businesses in Ukraine are particularly focused on defense technologies.

American businesses in Ukraine are particularly focused on defense technologies. Currently, the most compelling direction for US businesses in Ukraine is the defense sector, particularly projects that can be classified as dual-use technologies, said Valeriy Krasovsky, co-founder a...

Monday, June 2

Ukrainian gunsmiths are fostering cooperation with their British and Canadian counterparts.

Ukrainian gunsmiths are fostering cooperation with their British and Canadian counterparts. The Ukrainian Gunsmiths Council has signed a memorandum of strategic cooperation with the British ADS Group, which comprises over 1,500 companies in the aerospace and defense sector. The agreement inc...

Thursday, May 29

How does digitalization increase the efficiency and competitiveness of businesses in Ukraine?

How does digitalization increase the efficiency and competitiveness of businesses in Ukraine? Piraeus Bank notes that introducing digital technologies into business processes enables automation, reduces costs, and enhances customer service. In wartime conditions, constant changes in the regula...

Ukraine needs $30B to launch its defense production at full capacity,

Ukraine needs $30B to launch its defense production at full capacity, President Volodymyr Zelenskyy explained, mentioning that the state will soon be ready to license air defense systems. “This amount is needed to deploy production, in particular the missile progr...

Wednesday, May 28

Germany and Ukraine are discussing the production of long-range weapons in Ukraine.

Germany and Ukraine are discussing the production of long-range weapons in Ukraine. While the German government no longer plans to publicly announce specifics of defense assistance, relevant decisions are already being prepared behind the scenes. In particular, discussions are ongoin...

Tuesday, May 27

Russia is producing missiles faster than Western manufacturers can produce interceptors.

Russia is producing missiles faster than Western manufacturers can produce interceptors. The Russian military has not depleted its missile stocks even in the fourth year of the war with Ukraine. The Kremlin currently possesses about 500 missiles and has no plans to halt production. Meanwh...

Monday, May 26

Europe plans to purchase US weapons for Ukraine.

Europe plans to purchase US weapons for Ukraine. European leaders are urgently seeking ways to maintain their support for Ukraine amid US President Trump’s increasingly apparent withdrawal of support for Kyiv. The US is not approving new milit...

Ukrainian drone manufacturer Skyeton is partnering with Danish company Quadsat to enhance UAV capabilities.

Ukrainian drone manufacturer Skyeton is partnering with Danish company Quadsat to enhance UAV capabilities. Ukrainian UAV manufacturer Skyeton has announced a strategic partnership with Danish company Quadsat, which specializes in radio frequency research. The companies are collaborating to develop electrom...

Friday, May 23

Ukraine could have earned over $2B from arms exports last year.

Ukraine could have earned over $2B from arms exports last year. Ukrainian gunmakers are prepared to export surplus products to partner countries, but they need permission from the state, said Kateryna Mykhalko, executive director of the Technological Forces of Ukr...

Thursday, May 22

A prototype battery made from domestic graphite has been tested in Ukraine.

A prototype battery made from domestic graphite has been tested in Ukraine. BGV Group successfully tested a prototype lithium-ion battery using Ukrainian graphite mined in the Kirovohrad region. As part of the pilot project, BGV Graphite developed and tested the anode materia...

Japanese tech giant Rakuten will assist Ukrainian defense startups in scaling their operations abroad.

Japanese tech giant Rakuten will assist Ukrainian defense startups in scaling their operations abroad. Six Ukrainian companies focused on defense technology innovations will showcase their solutions at the industry-leading DSEI Japan 2025 exhibition in Chiba from May 21 to 23. This initiative is a coll...

Monday, May 19

Ukraine’s allies increase their defense support for Ukraine; Americans are set to manufacture Ukrainian naval drones.

Ukraine’s allies increase their defense support for Ukraine; Americans are set to manufacture Ukrainian naval drones. Red Cat Holdings will start producing Magura V7 Ukrainian drones in the US by the third quarter of 2025, marking a significant breakthrough in exporting Ukrainian naval drone technology. This entry in...

Ukraine paid $770M upfront to foreign weapon suppliers for products that were never delivered.

Ukraine paid $770M upfront to foreign weapon suppliers for products that were never delivered. Since the beginning of the full-scale Russian invasion, Ukraine has paid approximately $770M to foreign intermediaries for arms and ammunition that have never been delivered. Notably, the specialized ...

Tuesday, May 13

The EU and Ukraine have established a new working group to enhance defense cooperation.

The EU and Ukraine have established a new working group to enhance defense cooperation. Deputy Secretary-General of the EU External Action Service Charles Fries stated that this initiative aims to develop practical solutions for defense-industrial collaboration. He emphasized that the EU...

Global VC investment breaks records thanks to AI.

Global VC investment breaks records thanks to AI. In the first quarter of the year, global venture capital investment reached $126.3B, the highest in 11 quarters, according to the KPMG Q1’25 Venture Pulse Report. The main driver is artificial i...

Ukrainian startups can secure significant investment, with a focus on available funding avenues.

Ukrainian startups can secure significant investment, with a focus on available funding avenues. The European Innovation Council (EIC) is a central initiative within the Horizon Europe framework established by the European Commission, designed to identify, develop, and scale innovative technologi...

Friday, May 9

Defense experts outline possible conditions for the export of Ukrainian defense industry products.

Defense experts outline possible conditions for the export of Ukrainian defense industry products. 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 considere...

Defense IT company TEKEVER, with offices in Ukraine, became a unicorn after attracting $500M.

Defense IT company TEKEVER, with offices in Ukraine, became a unicorn after attracting $500M. 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 ...

Wednesday, May 7

The Cabinet of Ministers is preparing to allow the export of defense products in May: What are the scenarios that are being envisioned for manufacturers?

The Cabinet of Ministers is preparing to allow the export of defense products in May: What are the scenarios that are being envisioned for manufacturers? The Ukrainian government may permit the export of defense products as early as May, and work on this has been ongoing for several months. Government sources say that the president has already approved...

A German drone manufacturer with assets in Ukraine raises €160M and becomes a unicorn.

A German drone manufacturer with assets in Ukraine raises €160M and becomes a unicorn. Autonomous UAV manufacturer Quantum Systems from Germany has secured €160M in Series C funding, led by the British venture capital firm Balderton Capital. The funds will be used for researching and de...

Monday, May 5

Ukrainian DroneUA aims to capture up to 5% of the American agricultural drone market.

Ukrainian DroneUA aims to capture up to 5% of the American agricultural drone market. According to Valery Yakovenko, co-founder of the drone systems company DroneUA, the first year of operation in the American market generated $15M in turnover for the company. After launching productio...

Wednesday, April 30

The Armed Forces of Ukraine are more than tripling the number of its remotely operated troops.

The Armed Forces of Ukraine are more than tripling the number of its remotely operated troops. Anticipating further issues with US military assistance, the Ukrainian Army is significantly expanding their unmanned systems and drone usage to compensate for the lack of heavier weaponry. Announced ...

Monday, April 28

The Ukrainian IT market is currently facing the toughest set of challenges it has seen in recent years.

The Ukrainian IT market is currently facing the toughest set of challenges it has seen in recent years. In January 2025, exports of IT services dropped to $489M, down $19M compared to the same period in 2024. This marks the worst start to a year since the onset of the full-scale war. While the Ukrainian...

Friday, April 25

Brave1 demonstrates the state’s support for defense technology.

Brave1 demonstrates the state’s support for defense technology. Over the past two years of the Brave1 technology cluster’s operation, more than 1,500 developers have joined, and have registered over 3,500 technological solutions according to Brave1 COO, Nata...

Wednesday, April 23

Europe will boost its investment in the Ukrainian defense industry rather than provide direct arms supplies.

Europe will boost its investment in the Ukrainian defense industry rather than provide direct arms supplies. The European military assistance program for Ukraine aims to increase investment in Ukraine’s domestic weapons production. Currently, more countries are exploring the option of investing in the ...

Tuesday, April 22

Private investment in Ukrainian defense technologies soared by 900% in one year but there is still not enough capital.

Private investment in Ukrainian defense technologies soared by 900% in one year but there is still not enough capital. According to the Ukrainian Council of Gunsmiths, this sector experienced remarkable growth in 2024, surging by 900% compared to 2023, with estimates ranging from $35M to $50M. This demonstrates that U...

Wednesday, April 16

Ukrainian startup seeks $5M to establish the first factory for ecological battery production.

Ukrainian startup seeks $5M to establish the first factory for ecological battery production. SorbiForce, a Ukrainian startup, has developed a technology for producing ecological batteries with a lifespan of up to 6,000 cycles (approximately 30 years). Outside of agricultural waste, the Arizon...

Tuesday, April 15

Ukraine has emerged as the world’s leading producer of FPV drones, manufacturing over 2.2 million UAVs annually, with the domestic defense industry capable of producing up to 10 million units.

Ukraine has emerged as the world’s leading producer of FPV drones, manufacturing over 2.2 million UAVs annually, with the domestic defense industry capable of producing up to 10 million units. During the Ukrainian Weapons 2024 briefing, Defense Ministry officials reported on the defense-industrial base’s rapid expansion in order to meet modern warfare’s demands. The CEO of Tenco...

Monday, April 14

The Ukrainian defense industry has ramped up cruise missile production by 700%.

The Ukrainian defense industry has ramped up cruise missile production by 700%. According to Herman Smetanin, Ukraine’s minister of strategic industries, last year Ukraine was able to produce only one cruise missile – the Neptune. However, last year the state launched many ...

Friday, April 4

Czech CSG increased its sales by 614% because of the war in Ukraine.

Czech CSG increased its sales by 614% because of the war in Ukraine. Czechoslovak Group AS (CSG) increased its profit by 200% in 2024, driven by greater supplies to Ukraine and NATO countries. Since the onset of the full-scale Russian invasion of Ukraine, the Czech com...

Thursday, April 3

The US wants the EU to continue purchasing American weapons and plans to simplify export processes.

The US wants the EU to continue purchasing American weapons and plans to simplify export processes. The US has expressed its desire for Europe to continue acquiring American military equipment following the EU’s restrictions on American manufacturers from participating in arms tenders. Specifi...

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