This is the 964th most frequent Ukrainian word.
рада
"Rada" in Ukrainian means "council" or "assembly."
In this sentence, 'рада' is used as the feminine singular form of 'glad', describing the speaker's emotion.
Я дуже рада зустрітися з вами.
I am very glad to meet you.
Here, 'Рада' refers to the Ukrainian parliament, specifically the Verkhovna Rada.
Верховна Рада ухвалила новий закон.
The Verkhovna Rada passed a new law.
In this context, 'рада' again conveys the meaning of 'glad' or 'happy', describing a female subject's reaction.