The ongoing Russian aggression has turned Ukrainian energy sector into a critical battlefield, with Russia’s relentless attacks targeting infrastructure that sustains Ukraine’s power grid and heating systems. Since the full-scale invasion began in February 2022, these attacks have inflicted unprecedented damage, pushing Ukraine’s energy system to the brink. Yet, amid the darkness lies an opportunity … Continue reading The Critical Role of Energy Equipment Imports in Ukraine’s Resilience Amidst Russian Aggression, and a Path Towards Renewable Future
Labor Market in Wartime: Demographic Challenges for Ukraine
At the beginning of the full-scale invasion, many people lost their jobs. Now, one of the biggest challenges for businesses is a labor shortage, despite the still significant level of unemployment. This indicates that structural unemployment has increased in Ukraine. The war has created extraordinary challenges for the labor market, including workforce losses due to … Continue reading Labor Market in Wartime: Demographic Challenges for Ukraine
Foreigners can Remotely Run Businesses in Ukraine: Launch of uResidency program
The Ukrainian government has launched an electronic residency program. E-residents will enjoy special tax conditions in Ukraine: only 5% of their income. Ukraine's Ministry of Digital Transformation is taking one of its new services out of beta testing. uResidency—an electronic residency format—will allow foreign citizens to run their own businesses from Ukraine. To make the … Continue reading Foreigners can Remotely Run Businesses in Ukraine: Launch of uResidency program
Exploring investment opportunities on the EU border – in Western Ukraine
Western Ukraine, particularly its border regions (oblasts), is emerging as a promising area for business and foreign investment. These include Lviv, Volyn, Zakarpattia and Chernivtsi, which all share borders with EU member states Poland, Slovakia, Hungary and Romania. This strategic location offers unique advantages for businesses looking to tap into both Ukrainian and European markets … Continue reading Exploring investment opportunities on the EU border – in Western Ukraine
Rebuilding Ukraine’s energy sector: International support and investment opportunities
Since the start of the war, Russia has inflicted severe damage on Ukraine’s energy infrastructure, leading to a critical need for comprehensive rebuilding efforts. As a result of the attacks, Ukraine has lost over 9 GW of electricity generating capacities, while local gas production has dropped 5–10 percent. In a recent attack—and one of the … Continue reading Rebuilding Ukraine’s energy sector: International support and investment opportunities
Germany’s support for Ukraine
Since the onset of Russia’s February 2022 invasion of Ukraine, Germany has emerged as a steadfast ally, providing extensive support across various domains. German Chancellor Olaf Scholz recently reaffirmed this commitment, emphasizing that Germany will remain Ukraine’s biggest national supporter in Europe, even amid discussions of budget cuts. During a visit to Moldova, Scholz declared, … Continue reading Germany’s support for Ukraine
Penny Pritzker shares vision for Ukraine’s economic recovery
At the end of July, Penny Pritzker, the U.S. Special Representative for Ukraine’s Economic Recovery, visited Ukraine to discuss ways to increase private sector investment and jumpstart Ukraine's economy. During her visit, she met with senior Ukrainian officials, including Prime Minister Denys Shmyhal, First Deputy Prime Minister Yuliya Svyrydenko, Minister of Digital Transformation Mykhailo Fedorov, … Continue reading Penny Pritzker shares vision for Ukraine’s economic recovery
Power Supply Restoration: Banks Sign Memorandum on Lending for Projects
17 major banks have signed a Memorandum regarding bank lending for projects aimed at restoring the country’s power supply infrastructure. Ukrinform reports that Andriy Pishnyi, Chairman of the National Bank of Ukraine, announced this on his Facebook account. Pishnyi noted, “Yesterday, 17 signatures were affixed to a document that I consider to be somewhat historic … Continue reading Power Supply Restoration: Banks Sign Memorandum on Lending for Projects
Launching the International Action Platform for the Green Recovery of Ukraine and Further Support of Ukraine’s Environmental Sector by Germany
Minister Ruslan Strilets discussed this with Jürgen Raimund Keinhorst, a representative of the Bundesumweltministerium (Federal Ministry for the Environment, Nature Conservation, Nuclear Safety, and Consumer Protection). The Head of the Ministry of Environment thanked the German Government and Steffi Lemke, the German Federal Minister for the Environment, Nature Conservation, Nuclear Safety, and Consumer Protection, for … Continue reading Launching the International Action Platform for the Green Recovery of Ukraine and Further Support of Ukraine’s Environmental Sector by Germany
New Rules and Claim Forms Approved for Registering Damage Caused by Russian Aggression Against Ukraine
On 16 July 2024, the Register of Damage Caused by the Aggression of the Russian Federation against Ukraine (“RD4U”) published the long-awaited Rules and Claim Forms for new claims categories. In particular, this allows state- and privately owned legal entities to submit claims (along with relevant evidence) related to damage or destruction of critical and … Continue reading New Rules and Claim Forms Approved for Registering Damage Caused by Russian Aggression Against Ukraine