{
  "id": 16594946,
  "title": "Koretsky urges business to plan for worst case, warns of $1.5 bln budget gap",
  "url": "https://urgent.news/2026/10/26/koretsky-urges-business-to-plan-for-worst-case-warns-of-1-5-bln",
  "topic": "world",
  "section": "World",
  "published": "2026-10-26T11:26:04.000Z",
  "source": {
    "name": "Interfax-Ukraine",
    "slug": "interfax-ukraine",
    "url": "https://en.interfax.com.ua/news/economic/1226082.html"
  },
  "original_language": "en",
  "account": "Ukrainian Prime Minister Serhiy Koretsky has advised businesses to prepare for worst-case scenarios, including enemy attacks and economic challenges. During the 12th Kyiv International Economic Forum, Koretsky cautioned against underestimating the impact of such threats, stating that it's better to be prepared and never need the preparations, than to face an unexpected situation unready.\n\nKoretsky highlighted that enemy strikes have already resulted in over $7.7 billion in losses, damaging or destroying more than 1 million square meters of real estate across various sectors such as energy, metallurgy, logistics, and retail. Despite these losses, he assured that the country's economy remains functional. However, the state budget is projected to underperform by $1.5 billion by year-end.\n\nTo support businesses during these times, Koretsky emphasized the necessity of allocating funds to maintain program viability. He noted that the government can only cover one-third of the budget, and thus, they must rely on cash flow and strategic allocations. Koretsky stressed the importance of continuing effective programs like the Affordable Loans 5-7-9% program, which has issued UAH 580 billion in loans since its inception.\n\nFurthermore, Koretsky proposed establishing a war risk insurance and damage compensation system, suggesting that the state could contribute an initial $1 billion, with private partners potentially doubling or tripling this amount. The proposed tariff for this insurance risk would be minimal, around 2%, with a maximum compensation limit of $5 million per claim. Koretsky also highlighted the need for a simplified compensation process, with reimbursements within 30 days.",
  "summary": "Prime Minister of Ukraine Serhiy Koretsky has called on the business community to prepare in advance for the most critical scenarios regarding enemy attacks and economic challenges.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}