Business news | Latest business news in Ukraine - UBN

The European Parliament has gained more support for confiscating Russian assets, but the G7 is inclined to use only their generated revenue.

Today’s News

Friday, April 26

The European Parliament has gained more support for confiscating Russian assets, but the G7 is inclined to use only their generated revenue. The European Parliament held a debate regarding the use of frozen assets belonging to the Russian Central Bank, where most d...

The US president signed the $61B Ukraine bill, and the Pentagon has announced a $1B weapon package.

Thursday, April 25

The US president signed the $61B Ukraine bill, and the Pentagon has announced a $1B weapon package.

Britain will provide a record military aid package with Storm Shadow missiles and other munitions, Norway will increase support, and the Czech shells will arrive at the end of May.

Wednesday, April 24

Britain will provide a record military aid package with Storm Shadow missiles and other...

IMF assistance acts as a catalyst for Ukraine’s financial support from other countries,

Tuesday, April 23

IMF assistance acts as a catalyst for Ukraine’s financial support from other countries,

The US House passed $61B financial aid bill for Ukraine the possibility for confiscation of Russian assets.

Monday, April 22

The US House passed $61B financial aid bill for Ukraine the possibility for confiscation of...

Morning Economic Digest

Straight, factual, timely and investable business news and economic trends from Ukraine, Europe’s next Frontier Economy.

Today’s News

Friday, April 26

The National Bank lowered the key policy rate to 13.5% and improved its inflation forecast.

The National Bank lowered the key policy rate to 13.5% and improved its inflation forecast. With the discount rate decrease, the rates on overnight deposit certificates and three-month deposit certificates are also reduced – to 13.5% and 16.5%, respectively. The National Bank of Ukrain...

The NBU is considering lifting restrictions on currency withdrawals to service old debts.

The NBU is considering lifting restrictions on currency withdrawals to service old debts. The head of the NBU, Andriy Pyshnyi, said: “Currently, we see the presence of sufficient prerequisites for continuing the process of currency liberalization following the strategy approved as pa...

Britain transfers Paveway guided aerial bombs to Ukraine as it continues to purchase oil products produced from Russian raw materials.

Britain transfers Paveway guided aerial bombs to Ukraine as it continues to purchase oil products produced from Russian raw materials. As part of its largest package of military aid, the UK will hand over Paveway IV high-precision to Ukraine. These aerial bombs are guided to their target with increased accuracy by using a laser guida...

How is Russia able to earn billions to fund its war through oil, gas, and metal?

How is Russia able to earn billions to fund its war through oil, gas, and metal? Russia’s revenues from the sale of oil and gas in April will almost double compared to the previous year and amount to $14B, thanks to rising prices. According to Reuters, revenues from the sale...

Ukraine secretly received long-range ATACMS and used them last week, while Scholz once again has refused to provide Taurus missiles.

Ukraine secretly received long-range ATACMS and used them last week, while Scholz once again has refused to provide Taurus missiles. A few weeks ago, the US secretly supplied Kyiv with long-range ATACMS, and last week, Ukraine used them for the first time, the AP writes. The missiles were included in the $300M military aid package ...

Investment opportunities in Ukraine over the next 10 years will exceed $292B.

Investment opportunities in Ukraine over the next 10 years will exceed $292B. The Ministry of Economy has identified sectors for investment that may interest foreign companies – energy, transport and logistics, agro-processing, critical materials, green steel, and digital...

A US regional fund is offering Ukrainian entrepreneurs a $15,000 grant to scale up their processing businesses, and the EBRD will provide mentoring support to innovative startups.

A US regional fund is offering Ukrainian entrepreneurs a $15,000 grant to scale up their processing businesses, and the EBRD will provide mentoring support to innovative startups. The Ministry of Economy and American Western NIS Enterprise Fund (WNISEF), whose portfolio is managed by investment company Horizon Capital, have agreed on a grant program for women engaged in busines...

A Ukrainian FPV drone manufacturer is launching the Defense Tech Innovation Hub to accelerate the implementation of innovations at the front.

A Ukrainian FPV drone manufacturer is launching the Defense Tech Innovation Hub to accelerate the implementation of innovations at the front. The Innovation Hub from TAF Drones is designed to minimize the time between the development of promising technologies and their implementation on the front. According to estimates, the number of promi...

The drone coalition has collected almost €500M for the Ukrainian Armed Forces, and Ukraine is seeking foreign customers for its domestic defense industry.

The drone coalition has collected almost €500M for the Ukrainian Armed Forces, and Ukraine is seeking foreign customers for its domestic defense industry. The Latvian-initiated drone coalition has raised almost €500M to purchase drones for the military. Denmark and the Netherlands announced a €400M joint drone purchase, Canada – €70M, Latvia ̵...

Lviv has become the leader in housing prices, not only in new buildings but also in the suburban real estate sector.

Lviv has become the leader in housing prices, not only in new buildings but also in the suburban real estate sector. The average cost per square meter of single-family dwellings has still not reached pre-war levels, but prices are actively growing in the western regions of Ukraine. In Kyiv and the region as of April...

Thursday, April 25

The US president signed the $61B Ukraine bill, and the Pentagon has announced a $1B weapon package.

The US president signed the $61B Ukraine bill, and the Pentagon has announced a $1B weapon package. Both houses of the US Congress have approved a bill that will provide almost $61B in aid to Ukraine. US President Joe Biden welcomed the Senate’s decision and, with his signature, cleared the wa...

Scholz is under pressure to provide Taurus missiles to Ukraine after the approval of US aid.

Scholz is under pressure to provide Taurus missiles to Ukraine after the approval of US aid. The head of the defense committee in the Bundestag, Marie-Agnes Strack-Zimmermann, is calling on German Chancellor Olaf Scholz to provide Ukraine with long-range Taurus missiles following the approval...

Borrell insists on directing 90% of the income from the Russian Federation’s assets to Ukraine.

Borrell insists on directing 90% of the income from the Russian Federation’s assets to Ukraine. The EU’s high representative, Josep Borrell, said that 90% of the proceeds from the Russian Federation’s frozen assets should be directed to the European Peace Fund, which purchases weapon...

Bank of America believes that Ukrainian dollar bonds have growth potential.

Bank of America believes that Ukrainian dollar bonds have growth potential. Strategists at BofA Securities, an American multinational investment banking division under the auspices of Bank of America, believe that Ukrainian dollar bonds show significant growth potential. Mean...

Good investment: Ukraine’s accession to the EU will require a 20% increase in the bloc’s budget.

Good investment: Ukraine’s accession to the EU will require a 20% increase in the bloc’s budget. EU budget commissioner Johannes Hahn said that in the event of Ukraine’s accession to the EU, the bloc should increase its seven-year budget by €200B (+20%). He explains this expansion by the cu...

Russia has not yet felt the impact: Kyiv must continue attacks on Russian refineries.

Russia has not yet felt the impact: Kyiv must continue attacks on Russian refineries. In the evening of April 24 in the Smolensk region of the Russian Federation, following several drone attacks, fire broke out at fuel and energy facilities after several explosions, the governor of the...

A year and a half separate the Russian economy from collapse.

A year and a half separate the Russian economy from collapse. According to the Carnegie Foundation, the Russian economy is still strong despite rising military spending and sanctions. In fact, the IMF predicts that the Russian Federation’s economy will gro...

Ukrainian banks expect an increase in lending and an increase in portfolio quality.

Ukrainian banks expect an increase in lending and an increase in portfolio quality. Banks expect an increase in consumer and commercial lending volume over the next 12 months, and for the first time since the end of 2021, they forecast an increase in loan portfolio quality, the NBU r...

Exporters have adapted better to war conditions than businesses operating in Ukraine’s domestic market.

Exporters have adapted better to war conditions than businesses operating in Ukraine’s domestic market. Businesses engaged in exports have demonstrated better adaptability to the current situation in Ukraine compared to businesses that do not have sales abroad, although there are certain differences amo...

Japan will expand its presence in the Ukrainian investment market and open an office in Kyiv.

Japan will expand its presence in the Ukrainian investment market and open an office in Kyiv. Japan plans to increase its presence in the Ukrainian investment market, in particular, the country intends to expand its business ties in the field of investment and trade; the country will open an o...

A Ukrainian agricultural holding will invest $15M into its modernization and plans to increase its agricultural land by 20%.

A Ukrainian agricultural holding will invest $15M into its modernization and plans to increase its agricultural land by 20%. Agroholding TAS Agro plans to invest $15M in the modernization of outdated equipment, the introduction of moisture-saving technologies, and the abandonment of inefficient soil plowing, said the head o...

Wednesday, April 24

Britain will provide a record military aid package with Storm Shadow missiles and other munitions, Norway will increase support, and the Czech shells will arrive at the end of May.

Britain will provide a record military aid package with Storm Shadow missiles and other munitions, Norway will increase support, and the Czech shells will arrive at the end of May. British Prime Minister Rishi Sunak visited Poland on April 23, where he announced Britain’s largest package of military aid to Ukraine yet, valued at £500M ($617M). It contains: 60 boats and na...

EU support may fade against the backdrop of US aid to Ukraine.

EU support may fade against the backdrop of US aid to Ukraine. European diplomats believe renewed support from Washington risks weakening the EU’s urgency to provide aid, particularly in strengthening Ukraine’s air defense system. So far, only a few EU coun...

Even before the approval of the $61B aid bill, the US will send a new $1B aid package to Ukraine in April,

Even before the approval of the $61B aid bill, the US will send a new $1B aid package to Ukraine in April, said the Ambassador of Ukraine to the US, Oksana Markarova. The Biden administration is preparing “a large-scale package that will help meet the needs of Ukraine on the battlefield immediately.” It wi...

Europe persuades Greece to hand over Patriot systems to Ukraine, and Poland promises support with other types of weapons.

Europe persuades Greece to hand over Patriot systems to Ukraine, and Poland promises support with other types of weapons. Sources in the Greek government said that, after pressure from European leaders, Greece apparently agreed to give Patriot air defense systems to Ukraine for monetary compensation and under US “g...

How will Ukraine’s partners help it close the hole in its budget this year?

How will Ukraine’s partners help it close the hole in its budget this year? According to the Ukrainian government, the need for international financing in 2024 is $37.2B. As of April 20, Ukraine has received $10.2B: $4.9B from the EU (Ukraine Facility) $2.1B from Japan...

The Ukrainian government predicts the improvement of key macroeconomic indicators and economic growth, whether the war ends in 2024 or drags on longer.

The Ukrainian government predicts the improvement of key macroeconomic indicators and economic growth, whether the war ends in 2024 or drags on longer. The Ministry of Economy notes that, despite all the difficulties caused by the war, the positive dynamics of key macroeconomic indicators are evidence of the economy’s adaptation to wartime cond...

The US is preparing a strategy for Ukraine’s victory.

The US is preparing a strategy for Ukraine’s victory. The US wants Ukraine to win the war, said US Assistant Secretary of State for European and Eurasian Affairs James O’Brien. O’Brien anticipates that Secretary of State Antony Blinken and Pentagon...

The European Parliament approves restrictions on the import of Ukrainian food, costing Ukraine €331M.

The European Parliament approves restrictions on the import of Ukrainian food, costing Ukraine €331M. The European Parliament approved the extension for a year (from June 6) of duty-free trade in Ukrainian agricultural products while introducing new import restriction levels to appease EU protesters. ...

Ukraine increases its purchases of flat-rolled products by 24%; the trend will continue due to reconstruction.

Ukraine increases its purchases of flat-rolled products by 24%; the trend will continue due to reconstruction. In January-March, Ukraine imported 208,250 tons of flat-rolled products, which is 24.3% more than in 2023. Import costs increased by 16.4% to $232.5M. Turkey, Poland, Slovakia, and Italy were the larg...