Journalists uncover hidden assets of MP Vatsak: $3.5m car fleet and state losses
Investigation reveals network of luxury cars in Gennadiy Vatsak's circle and series of violations in his business causing multi-million losses to state budget.
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Global coffee prices hit historic high
Coffee prices on the global market have reached a historic record, surpassing the $3.70 per pound mark. This sharp increase was driven by a number of factors, the key one being climate change.
Ukrainian gas storage facilities depleted
According to former head of Ukraine's Gas Transmission System Operator Serhiy Makohon, the country's gas reserves have reached their lowest level ever. These figures are cause for concern
Poles oppose social benefits for Ukrainian children
According to the Rzeczpospolita publication, the overwhelming majority of Polish citizens — 88% — support the initiative to stop providing social child benefits to Ukrainians under the "800+" programme.
OPEC ignores Trump's call to lower prices
Saudi Arabia and other OPEC+ member states have no intention of changing their oil production policy, despite former US President Donald Trump's call to influence the decline in crude oil prices.
Billionaires lose over $100bn as market falls
Following a sharp drop in technology company shares, the world's 500 wealthiest individuals lost $108bn. The largest losses were incurred by
Mercedes-Benz cuts staff
Mercedes-Benz has announced plans for large-scale redundancies. The carmaker intends to cut costs by five billion euros by 2027, according to Focus.
Ukrzaliznytsia tariff hike will be a blow to industry
The tariff increase by "Ukrzaliznytsia" could deal a serious blow to Ukrainian industry. Alexander Vodoviz, head of the project office of "Metinvest", stated that the intention to increase the cost of freight transportation
Ukrainians spent 125 billion on cars in 2024
In 2024, Ukrainians spent 125 billion hryvnia on car purchases, an 18% increase compared to the previous year.
Zakarpattia enterprises begin attracting migrants
Foreign workers are planned to be recruited in Zakarpattia to address the shortage of labour resources at local enterprises. This was reported by the regional military administration (RMA).
Billionaires boosted their wealth by $2tn in a year
The financial achievements of the world's billionaires over the past year are striking. By the end of the year, their combined net worth had grown by an impressive $2tn, three times the result of the previous reporting period.
State Special Communications Service restricts access to KUNA cryptocurrency exchange
On 22 January 2025, the State Special Communications Service of Ukraine blocked access to the KUNA cryptocurrency exchange in accordance with a court order.
Ukrnafta increases gas production in 2024
In 2024, Ukraine's largest oil and gas extraction company, Ukrnafta, significantly improved its production indicators. Gas extraction volume rose by 6.5%, reaching 1.170 billion cubic metres.
Ukrainian banks introduce limits on money transfers
From 1 February 2025, new restrictions on money transfers between individuals will take effect in Ukraine. Banks will set a monthly limit of 150,000 hryvnia
DTK announces construction of Poltava wind farm
Energy company DTK is preparing to implement a large-scale project to build the Poltava wind farm (WF), with its launch scheduled for October 2025.
The most expensive car brands of 2025 named
British analytics agency Brand Finance has published its annual Global 500 ranking, which includes valuations of the world's largest brands. Among the participants were leaders of the global automotive industry.
Corruption is growing in Ukraine
According to a survey conducted by the National Agency on Corruption Prevention (NACP), the majority of Ukrainians and business representatives believe that the level of corruption increased significantly in 2024.
Kyivstar plans to acquire Uklon
Ukrainian telecommunications giant Kyivstar has filed an application to purchase the online taxi service Uklon. Information about the pending deal emerged in a statement from the Antimonopoly Committee of Ukraine.
Solar power overtakes coal in the European Union for the first time
In 2024, solar power in the European Union achieved a historic milestone, accounting for 11.1% of total electricity generation (304 TWh), surpassing coal's share of 9.8% (269 TWh).
UAE and Russia on the verge of launching joint cryptocurrency network
The United Arab Emirates and Russia are in the final stages of creating a joint cryptocurrency network, which could open a new chapter in global financial settlements.
NBU raises policy rate to 14.5
The National Bank of Ukraine announced a one-percentage-point increase in the policy rate, bringing it to 14.5%. According to official data from the regulator, this decision is aimed at stabilising the financial system and reducing inflationary risks.