Ukrainian defense companies and enterprises have displayed their stands at the IDEF’23 International Defense Industry Fair. President of the Republic of Turkiye Recep Tayyip Erdogan addressed the participants via video link, having welcomed exhibitors and guests from different countries. The IDEF’23 exhibition displays the stands of the National Association of Ukrainian Defense Industries (NAUDI) and…
The Government has allocated a further UAH 3.5 billion from the Fund for Elimination of the Consequences of Armed Aggression to the communities of Kyiv, Zaporizhzhia, Mykolaiv, Odesa, Sumy, Chernihiv, Kharkiv and Kherson regions. This was announced by Prime Minister Denys Shmyhal. According to the Head of Government, the money will be used to rebuild…
Last week, 486 entrepreneurs received loans totalling UAH 1.8 billion under the Government’s Affordable Loans at 5-7-9% programme. Since the beginning of 2023, banks have granted 14,000 loans worth UAH 50 billion to businesses. Since the start of the programme in February 2020, 67,400 loans worth UAH 217.5 billion have been disbursed. Most of the…
Sanctions against Russian nuclear industry can become a real tool and force Russia to return to the negotiating table to agree on the de-occupation of Zaporizhzhia nuclear power plant (ZNPP), Minister of Energy of Ukraine German Galushchenko has stated in a commentary for the American TV channel Newsmax. “The country that started the war and…
Sense Bank, used to be owned by Russian oligarchs, is now controlled by Ukraine and will operate as usual. The relevant statement was made by Ukrainian President Volodymyr Zelensky in his video address. “Today, the procedure regarding one of the systemic banks, which belonged to Russian oligarchs, ended. Now, it has public management. The rights…
On July 20, Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine, met with a World Bank delegation led by Antonella Bassani, Vice President for Europe and Central Asia. The Ministry of Economy and the World Bank are stepping up their cooperation to mobilise funding from donors and international financial institutions for…
Every hryvnia and every coin that Ukrainian citizens pay into the budget is used by the state to pay salaries to the military, buy equipment, weapons, drones, ammunition and other supplies for the Army. This was stated by Prime Minister Denys Shmyhal at a Government session on July 21. “The Government allocated UAH 672 billion…