“You would need 500 one-MW generators to replace a Kyiv TPP that generates 500 MW,” Dragon Capital senior analyst Denis Sakva told Kyiv Post.

Tomas Fiala, founder and CEO of leading Ukrainian investment firm Dragon Capital, believes there is a greater than 50% chance of a ceasefire agreement in Russia's war against Ukraine by Q1 2025, especially following Donald Trump's U.S. election victory and his initial statements.

To be viable for investment, Ukraine’s sea ports and the Dnipro river must also be safe from attack and open for business, says Tomas Fiala, chief executive officer of Dragon Capital, Ukraine’s largest investment bank.

Funds have been buying the probability that a Trump presidency brings about a quicker ceasefire, according to Dmytro Bozhko at Kyiv-based Dragon Capital.

In comments to Forbes, investment fund Dragon Capital head Tomas Fiala agreed with Aleksandr Konotopskyi, saying that the government has done too little too late to raise the necessary funds to finance the country and its defense.

“Most likely, companies will turn to imported coal, though any disruptions to coking coal deliveries can lead to temporary slowdown in production,” said Denis Sakva, an analyst at Kyiv-based brokerage Dragon Capital.

Banks remain highly profitable and will continue to be so this year and next year, although likely at the same level, Serhii Fursa, deputy managing director at investment firm Dragon Capital, told the Kyiv Independent.