We are pleased to participate in the EIB Fundamentals Conference, organized by the European Investment Bank (EIB), which brings together policymakers, investors, and financial institutions to discuss Europe’s economic outlook and long-term investment agenda.

Over the past few months, two developments have occurred that will have a significant impact on Ukraine’s economy — the effective end of the “energy truce” and the shift in the EU’s stance on the use of the principle of frozen Russian assets. In light of these factors, we have revised our macroeconomic forecasts for 2025–2026, with a focus on the “protracted war” scenario, as its likelihood has increased substantially.

Olena Bilan, Chief Economist and Head of Research at Dragon Capital: "Securing sufficient external financing is a key prerequisite for financial and economic stability during the war. We expect the government to fulfill all the conditions of the current support programs in order to receive the confirmed budget financing of $79 billion in 2025–2026. Without this, it will be difficult to count on the additional support needed from partners."

On July 10, during a side event of the Ukrainian Recovery Conference (URC) in Rome, a Mandate Letter was signed by the European Bank for Reconstruction and Development (EBRD), investment company Dragon Capital, and energy company Negen.

Kyiv / London, July 2025

The first building of the M10 Lviv Industrial Park in Lviv, developed by Dragon Capital in partnership with the European Bank for Reconstruction and Development (EBRD), has been awarded the international EDGE (Excellence in Design for Greater Efficiencies) green building certification.

We present Dragon Capital’s updated macroeconomic forecast for 2025.

Kyivstar has completed the acquisition of a 97% stake in Uklon, the largest ride-hailing app and platform in Ukraine. The deal value reached $155.2 million. Dragon Capital acted as the exclusive financial advisor to Uklon and its shareholders in this transaction.

Dragon Capital, together with the developer Viking Development, has started the construction of the Viking Gardens residential complex in Sokilnyky village, near Lviv.

UERI HOLDING LIMITED, a company within the Dragon Capital group, has completed the sale of the logistics complex Omega-1 Logistics in the Kyiv region to RUSH LLC, the owner of the EVA retail chain.