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How can foreign defense manufacturers benefit from Ukraine’s Defense City regime?

This January, Ukraine's long-awaited Defense City regime has finally come into operation. The first company to obtain resident status was SkyFall, a manufacturer of drones and Shahed interceptors. This special program, similar to the IT-focused Diia City, is designed to entice defense companies with a package of tax breaks and regulatory relief. It has already started drawing attention from major international arms manufacturers, especially as Ukraine has become a testing ground for advanced

 manufacturing process at the Scranton Army Ammunition Plant in Scranton, Pennsylvania, United States, on April 16, 2024.

Ukraine war latest live: Minibus carrying soldiers shot at near Lviv

This is Chris York reporting from a very chilly Kyiv on day 1,421 of Russia’s full-scale invasion of Ukraine. Today's top story so far: A minibus full of soldiers was shot at in the morning of Jan. 14 in the village of Rudno near Lviv in western Ukraine, by an as-yet-unknown individual. No one was injured in the incident but some shots did hit the vehicle, local police reported. "The driver of a Volkswagen Passat fired several shots at the Volkswagen Transporter, after which he left the scen

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The Kyiv Independent’s Business Desk covers the biggest news in business, economics, and tech from Ukraine, as well as global developments that shape the economy of the region.

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