Politics & Economics

President Volodymyr Zelensky met with members of the American Chamber of Commerce to discuss strengthening U.S.–Ukraine cooperation based on shared opportunities. The Head of State announced this during his address, Ukrinform reports citing his Telegram. “I have just met with entrepreneurs – members of the American Chamber of Commerce. These are significant businesses. I thanked them for their work in Ukraine and with Ukraine – these are companies that pay taxes in our country and preserve job opportunities. But they are also companies and people with significant influence. It is important for all of us in Ukraine that everyone now…

The Cabinet of Ministers of Ukraine has a clear understanding of how to cover the state budget deficit for this year, while negotiations on funding for 2026 — a year full of uncertainty — are already underway. Ukrainian Prime Minister Denys Shmyhal announced this during a government meeting on July 2, Ukrinform reports, citing his speech published on the government portal. "We clearly understand how Ukraine will cover the budget deficit for this year. At the same time, we are already preparing and negotiating funding for 2026, which carries many uncertainties," he said. Shmyhal said that on July 1, Ukraine…

Ukrainian Prime Minister Denys Shmyhal and President of the World Bank Group Ajay Banga have discussed joint projects. The relevant statement was made by Ukrainian Prime Minister Denys Shmyhal on Telegram, an Ukrinform correspondent reports. At a meeting, which took place on the sidelines of the UN Conference on Financing for Development, Shmyhal thanked Banga for supporting Ukraine. As emphasized by the Prime Minister of Ukraine, since the Russian full-scale invasion started, the World Bank has already mobilized more than USD 77 billion in support of Ukraine. According to Shmyhal, Ukraine and the World Bank are jointly implementing 18 projects at…

Poland’s Minister of Agriculture and Rural Development, Czesław Siekierski, has expressed dissatisfaction with how the European Commission communicated with EU member states regarding negotiations with Ukraine on new terms for importing Ukrainian agricultural products into the EU. This was stated in an official statement by the Polish minister, issued in response to the European Commission’s announcement that negotiations with Ukraine on revising the Deep and Comprehensive Free Trade Area (DCFTA) had concluded, Ukrinform reports. According to Poland’s Ministry of Agriculture, the European Commission provided EU member states with a general outline of the agreement with Ukraine, but did not disclose…

According to preliminary estimates, Ukraine's real gross domestic product grew by 0.7% in the first quarter of 2025 compared to the previous quarter. This was reported by the State Statistics Service, according to Ukrinform. “Real GDP in the first quarter of 2025 increased by 0.7% compared to the previous quarter (taking into account seasonal factors), and by 0.9% compared to the first quarter of 2024,” the report said. Read also: S&P agency announces Ukraine's default on GDP-linked bond issue As reported, the government forecasts real gross domestic product (GDP) growth of 4.6-5.7% over the next three years, in particular due…

According to the baseline scenario outlined in Ukraine’s 2026–2028 Budget Declaration, state expenditures on security and defense are projected to reach UAH 1.817 trillion in 2026. The document was published on the official Government portal, as reported by Ukrinform. It is noted that defense spending will remain a top budgetary priority given the protracted war, ongoing global instability, and weakening traditional alliances. For 2027, defense and security expenditures are projected at UAH 1.439 trillion, and for 2028 at UAH 1.384 trillion—based on the assumption of a significant improvement in the security environment beginning in 2026. These figures include expenditures under…

The Danish model for direct investments in Ukraine’s defense industry has already proven to be effective, but it can also open up new opportunities for Ukraine in the future. The relevant statement was made by Ambassador of the Kingdom of Denmark to Ukraine Ole Egberg Mikkelsen in an interview with Ukrinform. “Now, we're using what we call the Danish model for defense procurement and defense iterations, so we finance the acquisition of defense equipment directly from Ukrainian producers. And this has turned out to be a very, very efficient way of supporting Ukraine. It's much faster because your producers have a lot…

Danish companies continue to develop and invest in their businesses operating in Ukraine despite the ongoing war. The relevant statement was made by Ambassador of the Kingdom of Denmark to Ukraine Ole Egberg Mikkelsen in an interview with Ukrinform. “I think that, in general, the Danish companies operating here are happy. Some of them have even expanded their operations during the full-scale invasion,” Mikkelsen told. In his words, in 2023, one of the biggest foreign investments in Ukraine was Danish Carlsberg Group investing in a new production line in Kyiv. “That’s a sign that the Danish business community has belief in Ukraine.…

Ukrainian air and missile defense systems will be integrated with NASAMS systems. The relevant statement was made by Ukrainian Defense Industry JSC (UDI), an Ukrinform correspondent reports. “Ukroboronprom and Norway’s Kongsberg Defence & Aerospace (KDA) have agreed on cooperation in the field of strengthening the potential of Ukraine’s air defenses. This refers to partnership in integrating the existing and promising domestic short- and medium-range air defense systems into the NASAMS infrastructure,” the report states. In particular, the parties agreed that Ukrainian developments would operate together with Norwegian command and control modules. Earlier, KDA’s representatives held preliminary talks with Ukrainian colleagues and studied…

The IMF Executive Board has completed the eighth review of the EFF program for Ukraine, opening access for the allocation of the next tranche for our country in the amount of half a billion dollars. This was reported by Ukrinform on Monday. “The IMF Executive Board today completed the eighth review of the Extended Arrangement under the Extended Fund Facility (EFF) for Ukraine, allowing for the disbursement of approximately $0.5 billion (SDR 0.37 billion) to Ukraine, which will be directed toward budget support,” the statement said. At the same time, it is noted that the Ukrainian economy remains stable, and…