# Business
The budget has lost out on over 90 billion hryvnias due to illicit tobacco
Over the years of full-scale war, Ukraine’s state budget has lost over 90 billion hryvnias due to the proliferation of illicit tobacco products. In 2024, following a reduction in the ‘tobacco shadow’ by the end of 2025, the situation deteriorated once again.
Strikes on Russian terminals in the Baltic Sea have caused massive damage: the figure has been revealed
A series of strikes on key Russian oil terminals in the Baltic region has cost the aggressor nation nearly a billion dollars – and that is just in lost export revenue.
Farmers in the conflict zone will be compensated for up to 40% of the cost of their machinery
The Cabinet of Ministers has updated the terms of the state programme offering partial compensation for the cost of Ukrainian-made agricultural machinery, extending support to farmers in frontline areas. These changes have been introduced as part of the ‘Made in Ukraine’ policy.
Ukrainian dairy products are taking Europe by storm: exports are breaking records
Ukraine is no longer just dreaming of the EU market — our products are already well-known and loved there. Over the past two years, the share of sales to the EU has risen to 36%. Ukrainian butter, cheese and milk are now becoming a familiar sight on the shelves of European shops
Obukhiv, the largest manufacturer of toilet paper, has suspended operations following an attack by the Russian Federation
The company’s website states that production has been suspended for safety reasons and to deal with the aftermath of the attack.
Ukrposhta has approved special rates for military personnel via the ‘Army+’ app
A price of 1 UAH has been introduced for frontline regions, along with a 25% discount on delivery within Ukraine and abroad.
A French container ship was the first European vessel to pass through the Strait of Hormuz
The vessel’s passage took place against the backdrop of Tehran’s attempts to introduce a toll system for transit through this strategically important waterway.
A US court has allowed investors to file a class action lawsuit against Elon Musk
A federal judge in Manhattan has ruled that former Twitter shareholders (now X) are entitled to bring a class action lawsuit against Elon Musk.
SpaceX is preparing for an IPO: Musk’s company could be valued at over $1 trillion
SpaceX, Elon Musk’s rocket and satellite manufacturer, has privately filed documents for an initial public offering, paving the way for one of the largest IPOs in history.
The head of the Economic Security Bureau in Lviv Oblast has declared that he is renting accommodation from the owner of the market in Sykhiv
Mykhailo Borusovskyi, acting head of the Territorial Office of the Economic Security Bureau in Lviv Oblast, has submitted his declaration for 2025. The document states that he lives in a rented flat owned by the proprietor of a grocery market in Sykhiv.
Ukrainian businesses regained their optimism in March
Improvements in the energy situation and demand bolstered business activity last month, but shelling, inflation and labour shortages remain key risks.
Iran has attacked Amazon's servers in Bahrain
Iranian attacks on data centres in Bahrain have caused disruptions to banking and aviation systems.
