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Poland's PZU acquires Ukraine's top insurance company
MetLife Ukraine makes up 50% of the Ukrainian market, earning nearly Hr 1 billion ($22.6 million) in profits last year from its 900,000 clients.
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Belarus develops military training grounds and logistics routes in cooperation with Russia, border officials say
Belarus continues expanding military-related infrastructure that could support Russian operations, even though Moscow does not currently have enough troops stationed there to launch a new offensive against Ukraine, Kyiv's State Border Guard Service said on May 4. State Border Guard Service spokesperson Andrii Demchenko said Belarus is developing logistics routes, training grounds, and other infrastructure in coordination with Russia, warning that Minsk remains aligned with Moscow’s war effort.
Zelensky announces earlier ceasefire starting May 6, ahead of Russia's 'Victory Day truce'
President Volodymyr Zelensky announced on May 4 that Ukraine is proposing a ceasefire beginning at midnight on May 6, saying Kyiv is prepared to halt hostilities if Russia reciprocates.
Ukraine war latest: Russia extends its 'Victory Day truce', kills 7 and injures 35 in attack on Kharkiv Oblast
Key developments on May 4: * Russia extends its 'Victory Day truce' to May 8-9, Ukraine says no proposals received * At least 7 killed, 35 injured in Russian attack on Kharkiv Oblast * Luxury Moscow tower reportedly hit by Ukrainian drone strike ahead of Kremlin's Victory Day Parade * Zelensky meets Fico ahead of Slovak leader's Moscow trip * Russia launches more than 10 times as many drones at Ukraine's port infrastructure in 2026 as last year * Russian authorities publish list of Tuapse
National Police raid draft office workers across Ukraine, reveal $2 million in suspected illicit enrichment
Law enforcement officials conducted 44 searches across 16 regions of Ukraine as part of an investigation into current and former senior draft office employees.
Russia extends its 'Victory Day truce' to May 8-9, Ukraine says no proposals received
Zelensky said earlier on May 4 that Ukraine had received no official ceasefire proposals, contrasting Russia's claimed truces with ongoing attacks on Ukrainian cities.
Russia launches more than 10 times as many drones at Ukraine's port infrastructure in 2026 as last year
Russia has launched over 800 drones against Ukraine's port infrastructure since the beginning of 2026, Oleksii Kuleba, Ukraine's deputy prime minister for restoration and minister for communities and territories development, said.
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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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General Cherry’s Khmarynka enters a growing class of low-cost, mid-range strike drones modeled on Russia’s Molniya and designed for mass production.
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