Ukraine’s inflation set to peak by mid-2025, cool to 8% by year-end, central bank says
Ukraine’s inflation rate is expected to peak at 15% by mid-2025 before dropping to 8.4% by year's end, Ukraine’s Central Bank said on Jan. 31.
Investment
Ukraine Business Roundup — Record wartime private sector investment
The following is the Jan. 29, 2025 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Ukraine's largest private energy company, DTEK, announced plans on Jan. 22 to invest 450 million euros ($468 million)
Ukrainian defense tech company Huless raises over $1 million for tethered drone systems
Huless, a Ukrainian company developing tethered drone systems, secured over $1 million in private financing, loans, and a grant from Ukrainian Defense Tech cluster Brave1, the company said in a press release on Jan. 30.
Ukraine’s parcel delivery giant Nova Poshta invests $43 million to expand network in 2024
Ukraine's largest private delivery company Nova Poshta invested Hr 1.8 billion ($43 million) to expand its Ukrainian network in 2024, a 35% increase from 2023, the company announced on social media.
Ukraine to boost energy resilience with focus on distributed generation, PM says
In 2024, 233 generating units with a total capacity of over 830 MW were connected, including gas turbines, pistons, and cogeneration units.
Ukraine's energy giant DTEK to invest $468 million in expanding Black Sea wind power plant
"The commitment is the largest private sector investment in Ukraine since russia’s full-scale invasion in 2022 and the biggest ever private investment in Ukraine’s energy sector," DTEK said in a press release.
Zelensky touts Ukraine's potential in meeting with global investors at Davos forum
President Volodymyr Zelensky met leading American and European executives and business leaders at the World Economic Forum in Davos, Switzerland, on Jan. 22, emphasizing Ukraine's investment potential and the importance of international support in achieving a just peace.
Economy Minister: They said no one would invest in country at war. They were wrong
In early 2022, the Ukrainian team of an Austrian wood processing company held a meeting in a bomb shelter during an air raid alert. Despite a Russian strike nearby, their focus wasn't on relocation but on building a new logistics center in the country. A year later, their determination paid
Ukraine aims to raise over $1 billion for 'Danish model' of defense industry funding in 2025
The Danish model is a partnership that enables Kyiv to secure funding from allies specifically for its defense production.
Ukraine's small towns see unexpected attention from a US entrepreneur
When Chicagoan Chris Exline decided to expand his furniture rental company to Ukraine, he did not expect to relocate his life to a small town of 20,000 people in Ternopil Oblast. The businessman and CEO of Home Essentials initially planned to rent furniture to expats and organizations flooding in
Ukraine needs ‘fast and focused’ help with energy security, ERBD Ukraine head says
Arvid Tuerkner’s first winter in charge of the European Bank for Reconstruction and Development in Ukraine comes with a daunting task: swiftly mobilize investment into energy companies crippled by two years of Russian attacks. Russia began targeting Ukraine’s energy infrastructure in late 2022 and has since then pounded
'Not waiting until the war is over' – Foreign investment keeps growing in Ukraine
Ukraine is still far from an investor's paradise, but increasingly valuable business deals are being signed in the war-torn country this year. In the first nine months of 2024, there were 36 Ukrainian mergers and acquisitions (M&As) with a total estimated value of $643 million, according to a new
EBRD, IFC to provide $435 million to new Ukrainian telecom company
The European Bank for Reconstruction and Development (EBRD) and International Finance Corporation (IFC) provided $435 million long-term debt for Datagroup-Volia-Lifecell, a recently merged Ukrainian telecom company, to improve telecoms service quality, the EBRD said on Oct. 10.
‘We believe that in 5 years, Ukraine's defense sector will attract half a billion dollars:’ Q&A with foreign defense investors
Ukraine has become a hotbed of defense innovation, as Russia’s deadly invasion fuels a rapid development of new battlefield technologies. Kyiv now aims to become a global leader in the defense sector, but with its economy drained by the war, it needs foreign investment to accomplish its goal. Ukraine
Ukraine Business Roundup — Business goes to war with proposed tax hike
The following is the July 30, 2024 edition of our Ukraine Business Roundup weekly newsletter. This version is condensed as the author was out of the office. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Business and government in Ukraine are
Investments in Ukraine recover as M&A deals continue upward trend
Investors have mostly stayed away from Ukraine since the start of the full-scale invasion, but the tides are turning, according to a new report from KPMG Ukraine, an accounting organization based in Kyiv. The first half of 2024 saw 25 mergers and acquisitions (M&As) bringing in $510 million, up
Forbes Ukraine: Ikea decides to reopen store in Kyiv
Swedish furniture giant Ikea decided in May to make plans to reopen its store in Kyiv, Forbes Ukraine reported on June 27, citing two managers of shopping centers and two commercial real estate consultants.
Zelensky meets with Singapore’s president to discuss bilateral relations
President Volodymyr Zelensky thanked Singapore’s clear stance on the war in Ukraine and discussed prospects of bilateral relations with his Singaporean counterpart, Tharman Shanmugaratnam, the President's Office said.
Ukraine to receive 5 million euro grant from Eastern Europe Energy Efficiency and Environment Partnership, to aid in hospital reconstruction efforts
Ukraine is set to receive a grant in support of hospital reconstructions, worth 5 million euros ($5.3 million), from the Eastern Europe Energy Efficiency and Environment Partnership (E5P).
Bloomberg: European Investment Bank in talks on investing in EU defense sector
The European Investment Bank (EIB) is in talks to invest in defense companies amid heightened urgency to scale up Europe's defense industry, Bloomberg reported on March 13.
EBRD president: ‘We decided to continue investing in Ukraine as early as February 2022’
The start of Russia’s full-scale invasion of Ukraine was an unlikely place for investment. Russian attacks all over the country were destroying critical infrastructure, factories, and homes. The economy took a major hit, with GDP falling 29% that year. The European Bank for Reconstruction and Development, which has been
Private equity firm attracts $350 million to support Ukrainian businesses, exceeding target by $100 million
Private equity firm Horizon Capital has attracted $350 million to support Ukrainian businesses through the Horizon Capital Growth Fund IV (HCGF), the company announced on Feb. 23.
In Kyiv, businesses stay put despite threat of Russian invasion
The streets of Kyiv offer a staggering contrast with alarming headlines from the West. Traffic jams keep clogging the Ukrainian capital, people keep flocking shops, and “coming soon” business signs keep appearing at every corner. For many of Ukraine’s foreign investors and local companies, it’s business as usual,
US giant chipmaker Qualcomm acquires Ukrainian startup Augmented Pixels
The U.S. cellphone chip manufacturer Qualcomm has acquired Ukraine-founded startup Augmented Pixels for an undisclosed amount, Forbes Ukraine reported on Jan. 15. Augmented Pixels, founded by Ukrainian Vitaliy Goncharuk, develops virtual and augmented reality software. The company hasn't yet published an official statement about the acquisition, but it changed
Ukrainian startup Awesomic attracts $2 million to expand its designer marketplace
Ukrainian startup Awesomic has attracted $2 million of investment to grow its service, which matches web designers with online businesses, according to its co-founder Stacy Pavlyshyna. Awesomic wants to use the money to expand its team to 50 people and attract more designers to its website. Among the company's investors
(Updated: )
Most popular
Editors' Picks
'I didn't know who I'd be fighting' — North Korean soldier captured by Ukraine speaks in new footage
What are Trump's options on Russia's war against Ukraine?
How Trump could use sanctions in negotiations with Russia
