Finance

Ukraine Aims to Secure $1 Billion from World Bank to Strengthen Economic Policy

According to the Ministry of Finance, the funds are expected to be provided by the International Bank for Reconstruction and Development (IBRD) in 2025.

Sumykhimprom Put Up for Sale with Starting Price of UAH 1.15 Billion

According to the State Property Fund of Ukraine (SPFU), the privatization asset includes 64 units of real estate and infrastructure—comprising production, warehouse, and administrative buildings—with a total area of 462,256.70 square meters.

Historic Kosmos Cinema in Zhytomyr Sold for UAH 25 Million

On June 3, the first auction for the sale of the Kosmos cinema building, located at 5 Polyova Square in Zhytomyr, took place.

Ukrainian Bank Consortium Provides UAH 3 Billion Loan to DTEK for Energy Storage Facilities

DTEK announced that the nearly UAH 3 billion (€67 million) loan will be used to develop one of the largest energy storage projects in Eastern Europe.

TAS Group, Led by Serhiy Tihipko, to Boost Investments from $140M to $180M in 2025

During the Forbes Money forum, Serhiy Tihipko, Chairman of TAS Group, stated that the key investment criteria for the group are company cash flow, export potential, and return on invested capital.

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G7 countries commit $18.4 bln in funds for Ukraine

Finance ministers and central bank governors of the United States, Japan, Canada, Britain, Germany, France and Italy – the G7 – are holding talks as Ukraine, invaded by Russia on 24 February, is struggling to fend off the attack and is running out of cash.

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EBRD supports more than €53 million of food security loans in Ukraine

The EBRD is boosting food security in wartime Ukraine by issuing risk-sharing instruments to selected local banks and a leasing company that will back more than half the credit risk of newly originated financing provided by them up to a total value of €53.25 million. The share of risk the EBRD takes on with ProCredit Bank, OTP Bank Ukraine and OTP Leasing comes to €30 million.

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Ukrainian SID Venture Partners invested in The Credit Thing (ex-Koto) and The Breakfast

The Credit Thing - a neobank, e-money account and credit card, a challenger in the UK credit market. The startup has 20,000+ customers, well-known Monobank co-founders in the board, mind blowing growth, 4x conversion rate after rebranding in 2021 with a total investment amount £4.8M.

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Ukrainian IT company Miratech raised funds from Horizon Capital

Miratech Group, a next-generation digital engineering and consulting services company, announced a minority stake equity investment from Horizon Capital, a US-domiciled private equity firm, investing in fast-growing niche leaders in Emerging Europe. Dragon Capital acted as Miratech’s exclusive financial advisor in this transaction.

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EBRD boosts trade finance support for Ukraine by €100 million

The European Bank for Reconstruction and Development (EBRD) is substantially increasing its trade finance offer for Ukraine to support both general trade and food security as the country grapples with keeping its economy working following its invasion by Russia.

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Charity Fund ReHome has begun construction of free social housing for Ukrainian refugees

More than 3 million of Ukrainians have become refugees, many of them lost their homes forever. The majority of the migrants and victims  live in unsatisfactory and unfavorable conditions.

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Foreign companies that have left Russia

Since Putin's barbaric military invasion of Ukraine, 380 foreign companies have announced their withdrawal from Russia, although some have feared and continue to operate in Russia.

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Russia starts government lawlessness and raider attack on foreign business

The Bank of Russia has approved a bill from the Ministry of Economic Development of the Russian Federation on the external management and nationalization of companies and banks that are leaving the Russian Federation because of the aggressor's war against Ukraine.

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Emergency State Has Been Introduced in Ukraine Starting with 24 February 2022

Information in Ukrainian on the Law is available at http://w1.c1.rada.gov.ua/pls/zweb2/webproc4_2?id=&pf3516=7108&skl=10.

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Metinvest to invest US$1.2 billion in Ukraine in 2022

During 2022, the Group will continue the environmental modernisation of its facilities. A key project is the reconstruction of the dedusting systems in Azovstal’s basic oxygen furnace shop. The new dedusting systems are due to be commissioned in phases during the period 2022-23. It is expected to be the largest environmental project in the Group's history, with investments exceeding US$180 million.