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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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Monday, May 4
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.
Russian authorities publish list of Tuapse shelters only after days of Ukrainian drone attacks
The list, posted without announcement on the municipality's website on May 4, is a spreadsheet showing the locations of 186 shelters, most of them in the basements of apartment buildings.
UAE reports intercepting missiles, drones from Iran for first time since ceasefire
A fire broke out at an oil facility in the Fujairah emirate after it was hit by a drone launched from Iran, local authorities 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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