Finnish Defense Minister Antti Häkkänen and Ukrainian Defense Minister Rustem Umerov held a bilateral meeting on Thursday, during which they announced a 28-package military aid package for Ukraine worth EUR 200 million, and signed a Memorandum of Understanding on defense cooperation between the defense ministries of the two countries, the press service of the Finnish Ministry of Defense reports.
“Three years of war against Russia have made the Ukrainian armed forces one of the strongest in Europe. At the same time, the country has gained extensive experience in defending itself against Russia. Therefore, it is obvious that when developing our own defense, we must listen carefully to the lessons of Ukraine and rely on their experience,” Häkkänen said.
It is noted that the purpose of the Memorandum of Understanding between Finland and Ukraine is to deepen defense cooperation, and the areas of closer cooperation include defense materials, information exchange, research and innovation, ammunition production, and defense-related projects in Finland and Ukraine.
In addition, at the meeting, Finland announced another 28th arms aid package to Ukraine, worth about EUR 200 million, which is still pending approval by the Finnish government and president.
“As before, the content of the aid package is not disclosed in detail. However, we can say that this time it includes, among other things, artillery ammunition, which is in great demand. It is a huge achievement that there is broad political support and national unity in our country to help Ukraine. It is also important that we have been able to combine support for Ukraine with strengthening domestic supply security through the industrial support program,” Heikkanen said.
It is also reported that in January, Finland decided on the 27th aid package worth almost EUR 200 million. In late February, Finland announced an industrial program worth EUR 660 million to order new defense equipment from the Finnish defense industry to support Ukraine.
With the implementation of the latest decisions, the total value of Finland’s material assistance will increase to EUR 3.3 billion.
Changes in revenue of the consolidated budget in 2021-2023 (%)
Source: Open4Business.com.ua
On March 11, farms in the Chernivtsi region began planting early potatoes to be grown under agrofibre, the press service of the Chernivtsi Regional Military Administration reported on Facebook.
“Thanks to favorable weather conditions, farms in the Vyzhnytsia region are planting potatoes of the ultra-early Riviera variety, though under agrofibre,” the post reads.
According to the Chernivtsi Regional State Administration, the region’s annual gross production of potatoes is more than 650 thousand tons, and vegetable crops – more than 250 thousand tons. The main producers of vegetables and potatoes in the Chernivtsi region are private households, which account for 99.7% of the total regional crops.
The area of these crops in 2025 will remain at the level of last year, namely 35.9 thousand hectares for potatoes and 14.6 thousand hectares for vegetables and melons.
“Sowing of vegetables and potatoes in the open field in the region will begin in late March and early April,” the Chernivtsi Regional State Administration said.
The market of commercial premises as part of residential complexes is actively developing, the highest demand is for small objects with an area of up to 150 square meters, said Ukrainian developers in a survey “Interfax-Ukraine”.
“The highest demand is observed for small areas (50-100 square meters) under cafes, pharmacies, beauty bars, and medium commercial areas (100-150 square meters) under clinics and grocery stores. Small and medium-sized areas are popular because they are easier to adapt to the needs of different businesses. Large areas (from 200 square meters) are in less demand, they are mostly occupied by supermarkets or restaurants,” the press service of KAN Development informed the agency.
The high demand for small commercial premises may indicate the high activity of small and medium-sized businesses looking for locations for coffee shops, salons, stores and offices, says Yuri Motuz, Director of Zezman Holding.
According to his data, about 58% of sales of commercial premises in the LCD in Odessa fall on objects with the area of 21-40 square meters. m. However, there is also a tendency for investors to purchase two small premises to combine into a large space (up to 200 square meters) for supermarkets, pharmacies, chain stores with warehouses.
The popularity of smaller premises is also due to their lower cost, said Anna Laevskaya, commercial director of Intergal-Bud.
“Investors are interested in commercial premises at different stages – both at the excavation stage and when the object is already ready. Everything depends on location and payment conditions. Smaller premises are sold faster because their cost is lower. Operators are actively expanding, entering new premises, and in general this segment is developing even better than the apartment market”, – she told in her commentary to ‘Interfax-Ukraine’.
According to the marketing director of DIM group of companies Daria Bedya, in general, investors’ requests to the developer to buy and rent commercial real estate as part of the LCD for the last three months have increased by 24% and 23% respectively.
“First of all, these data testify to the adaptation of Ukrainians and businesses to life in war conditions,” the expert emphasizes.
In addition to traditional cafes and restaurants, mix-format establishments are becoming increasingly popular in the LCD: a combination of cafes with flower stores or bookstores, said Irina Mikhaleva, CMO Alliance Novobud. Pet stores and grooming salons for animals are also gaining popularity.
“Owners of space make their own decision on what exactly to do. As a rule, they study the existing business infrastructure, weigh their options, studying supply and demand,” the expert explained.
At the same time, there is a tendency in the market to plan commercial space at the stage of concept creation and design of a residential complex, said Avalon’s operating director Yaroslav Vozniak.
“The builder or developer aims to form an ideal ecosystem of necessary infrastructure for apartment residents. Commercial space ‘advocates’ appeared at the level of project concept creation and subsequent design. Thus, the concept of “city in the city” and complexes with developed infrastructure appeared Long before the start of construction companies already understand what functions and business should be provided in certain places of the residential complex. Everything is for the sake of comfortable life or stay in the residential complex, for the sake of the resident,” he said.
This principle in the design of residential complexes is also adhered to in the company City One Development.
“We take into account the needs of the commercial segment at the design stage, offering a wide range of premises with different functional purpose. The most liquid commercial areas are premises with the size from 80 to 100 square meters, which are in the greatest demand among investors”, – reported in the press-service of the developer.
Alliance Novobud, Avalon, CITY ONE DEVELOPMENT, Daria Bedia, DIM, INTERGAL-BUD, Irina Mikhaleva, KAN Development. Zezman Holding, Yaroslav Vozniak, Yuri Motuz, Анна Лаевская.
The Nordic Environment Finance Corporation (NEFCO) has already completed 30 projects under the Green Recovery of Ukraine program, created in response to Russia’s aggression in 2022, NEFCO Investment Advisor Yulia Shevchuk said in an interview withInterfax-Ukraine.
“We are actively working under this program. It now covers more than 60 projects, and several more are under development. Despite the war, we have already managed to complete 30 projects. The main areas of our work are improving the energy efficiency of public sector buildings, reconstruction and construction of new housing for internally displaced persons, as well as projects related to critical infrastructure. We work in the areas of water supply, heat supply, and waste management, contributing to their modernization and sustainable development,” Shevchuk said.
In total, NEFCO has managed to raise more than EUR 330 million for the green recovery program. Of this amount, approximately two-thirds was provided by the European Union, one-third by NEFCO’s founders, the Nordic countries (Denmark, Norway, Sweden, Finland), as well as the Eastern Europe Energy Efficiency and Environment Partnership (E5P) and the Nordic Environmental Development Fund (NMF).
JSC “Ukrtransnafta” has increased its stake in PJSC “Insurance Company Transmagistral” from 91.99% to 98.45%, according to the company’s information posted in the information disclosure system of the National Commission on Securities and Stock Market (NCSSM). As reported on February 28, 2025, IC “Transmagistral” has increased the authorized capital to UAH 248 million by conducting an additional issue for the amount of UAH 200 million Additionally, 20 million shares with a par value of UAH 10 for the amount of UAH 200 million were sold.
As reported, the decision on the issue was made by the shareholders at the meeting on November 29, 2024.
Earlier, the National Bank of Ukraine agreed to the state of Ukraine indirect ownership of 92.4059% of shares of PJSC Insurance Company Transmagistral. Prior to that, on January 8, the NBU confirmed the company’s ownership structure compliance with transparency requirements.
As noted on the company’s website as of Q3 2024 the shareholders of the company were JSC “Ukrtransnafta” – 91,992%, Primary trade union organization of JSC “Ukrtransnafta” (Kremenchug, Poltava region) – 5,1%.
IC “Transmagistral” was registered in 2003, specializes on rendering services in the sphere of risk insurance.
