A Ukrainian company has invested $3.5M in the production of UAVs in Slovakia. Oleksandr Stepura, the founder of Skyeton, which manufactures ACS-3 (Raybird-3) reconnaissance systems, said that Raybird drones began to be manufactured in Slovakia this spring. The Raybird has been ... #DefenseIndustryUkraine #DefenseTechnology #DroneProduction #Raybird3 #Skyeton #Slovakia
German opposition demands the cancellation of social benefits for unemployed Ukrainian refugees, as Poland expands aid to Ukrainians. Carsten Linnemann, the general secretary of the opposition German party, the Christian Democratic Union, advocates the need to cancel financial support for Ukrainian refugees who do not work officiall... #CarstenLinnemann #Germany #Poland #RefugeesFromUkraine #RefugeesIntegration #WorkForRefugees
Ukraine will launch a feedback platform for government services. The Ministry of Economy announced the launch of beta testing for Pulse, an online platform designed to collect feedback from businesses and interact with the state. It is noted that the platform’... #DigitalizationOfUkraine #GovernmentServices #PulsePlatform #ukrainianbusiness
Ukraine’s processing industry leaders increased their income by 23%. In 2023, the leaders in the Ukrainian processing industry received ₴317.53B in revenue, which is 23% more than a year earlier, with 33% of this income accounted for by companies of the SCM group. It i... #MHP #ProcessingPlantUkraine #Roshen #SCMgroup #UkraineCompaniesProfit #UkraineEconomy
The largest mineral water producer has announced record sales growth of over 100%. The shipment volume of drinks and waters from IDS Ukraine brands (producer of mineral waters Morshynska and Myrhorodska) increased to 5.4 million bottles per day to a new record for the company. Previ... #BusinessDevelopment #IDSukraine #MineralWaters #UkraineEconomy
A state railroad company might reduce the tariff for freight transportation to compete with road carriers. Serhiy Vovk, director of the Center for Transport Strategies, stated: “The 70% tariff increase in July 2022 was a forced measure that helped stabilize the financial condition of Ukrainian Railwa... #Cargotransportation #Ukrainianlogistics #UkrainianRailways #UZCargoTransportation
One of the largest shopping centers in Dnipro was put up for auction for ₴430M. State-owned PrivatBank will auction the Pryozernyy Shopping Center – one of the largest in Dnipro, the bank said in a statement. The starting price of the lot is more than ₴430M ($10.5M), including VA... #Dnipro #PrivatBank #PrivatizationUkraine #PryozernyyShoppingCenter
Ukraine’s social housing fund can finish the construction of hundreds of unfinished buildings across the country. The head of the specialized committee of the parliament, Olena Shulyak, noted that one focus of the social housing fund can be long-term unfinished buildings – houses that have not been completed for ... #HousingConstruction #OlenaShulyak #RealEstateUkraine #SocialHousing #UnfinishedBuildings
The US and EU are pressuring Asia’s largest economies to abandon their support of Russia’s war effort. The US Treasury has warned that Indian banks will be subject to sanctions and will lose access to the US financial system if they cooperate with the Russian defense and industrial complex. “We k... #AnnalenaBaerbock #China #circumventionOfSanctions #DavidLammy #DualUseGoods #India #WangYi
The AmCham condemns the government’s initiatives to increase corporate income taxes. The American Chamber of Commerce in Ukraine (AmCham) called on Ukrainian authorities to strengthen their fight against Ukraine’s shadow economy before increasing the tax burden on honest taxpaye... #AmChamUkraine #DefenseSpending #TaxesUkraine #UkraineBudget2024
UZ and Polskie Koleje Państwowe discuss the development of railroad infrastructure. Ukrainian Railways (UZ) noted that significant progress has been made in cooperation between the railways of Ukraine and Poland over the past few years. New passenger routes have been launched, the ca... #PolishRailways #RailwayInfrastructure #TEN-T #UkrainianRailways
The NBU: Demand for bank loans is growing in Ukraine. Banks expect an increase in demand for all types of corporate and retail loans and loan portfolio volumes, NBU data shows. Most banks will increase their corporate and retail portfolios, though their ... #BankLoans #CreditPortfolio #financeUkraine #LoansforBusiness #nbu
Capital markets in Ukraine show slow growth and development. Despite all the challenges brought about by the war, and contrary to forecasts, capital markets in Ukraine not only avoided collapse but also persisted in demonstrating slow growth and development. Al... #CapitalMarket #CapitalMarketUkraine #financeUkraine #investments #UkraineBond
A Cypriot company buys more than 50% of a Ukrainian insurance company, and an Irish company, CRH, is finalizing the purchase of two cement factories in Ukraine for €100M. The Antimonopoly Committee of Ukraine (AMCU) allowed Saggarco Limited (Cyprus) to acquire more than 50% of the shares of the RESPECT insurance company. On April 19, 2024, Saggarco Limited entered into... #BuzziUnicem #CRH #Dyckerhoff #ebrd #ForeignInvestor #InsuranceUkraine #investments #RESPECT #SaggarcoLimited
Elixir Ukraine wants to turn the privatized Ust-Dunube port into a fertilizer supply hub. The Vinnytsia company Elixir, which privatized the Ust-Danube seaport, plans to make it a hub for supplying mineral fertilizers to Ukraine, the company’s owner, Valery Vihrenko, said. Elixir bou... #ElixirUkraine #Fertilizer #PrivatizationUkraine #SeaPortsUkraine #UstDanube
The NBU leaves the key policy rate unchanged due to accelerated inflation. Ukraine halted a run of three interest-rate cuts after an acceleration in inflation prompted policymakers to signal that easing will only be possible to resume next year, reported Bloomberg. The Natio... #financeUkraine #InflationinUkraine #KeyPolicyRate #nbu #UkraineEconomy
The NBU updated its forecast for key indicators in the Ukrainian economy. The NBU predicts the growth of Ukraine’s GDP in 2024 at 3.7% (April’s forecast was 3%). Economic growth in the year’s first half continued, although it has slowed down in recent mont... #foreignexchangemarket #GDPinUkraine #InflationinUkraine #nbu #UkraineEconomicForecast #UkraineEconomy
Fitch downgraded Ukraine’s rating to pre-default level after its debt restructuring deal. Fitch Ratings downgraded Ukraine’s long-term issuer default rating (IDR) in foreign currency from CC to C. “Ukraine’s downgrade reflects Fitch’s view that the agreement in prin... #DebtRestructuring #DefaultUkraine #FitchRatings #imf #ukrainedebt #UkraineEconomy
Sanctions are slowly destroying Russian businesses with payment issues. New US restrictions imposed in June have put local banks in countries that trade with Russia at a higher risk of so-called secondary penalties, which is delaying or disrupting payments to and from cou... #China #RussianBusiness #SanctionsAgainstRussia #SecondarySanctions #Turkey
Ukraine and Japan sign a document to support investment projects, and 14 Japanese companies are ready to invest in the Ukrainian economy. Ukraine and Japan signed the Protocol of Discussions on the Project of Strengthening the Involvement of the Private Sector for the Reconstruction of Ukraine. The document envisages the provision of as... #BusinessSupport #investments #Japan #JICA #UkraineEconomy
One of Ukraine’s largest fuel traders will increase its rolling stock by more than 200%. The TAS-Poltavvagon company, which is part of the TAS financial and industrial group, will produce 100 tank cars for the OKKO group of companies. In July, OKKO received the first 20 wagons, and the re... #okko #RollingStock #TankCars #TAS #TASpoltavvagon #UkrainianRailways
Ukrainian farmers have received ₴62.9B in loans since the beginning of the year, and banks have received ₴38B in loan applications for energy infrastructure restoration projects. Since the start of the year, 9,075 farmers have received ₴62.9B in bank loans. Farmers from the Kyiv, Dnipropetrovsk, Cherkasy and Kirovohrad regions received the largest loans under various programs.... #AffordableLoans #AndriiPyshnyi #BusinessDevelopment #LoansforBusiness #SupportBusiness #Ukrainianfarmers
Most Ukrainians have not adapted to life abroad and plan to return home. Most Ukrainians who left because of the war – 64% – have not adapted to life in the countries in which they sought refuge, and many intend to return to Ukraine. The adaptation factor has a clear effec... #RefugeesFromUkraine #RefugeesIntegration #RepatriationInUkraine #UkrainiansAbroad
Japan has already provided Ukraine with $6.3B since the beginning of the invasion: The Ministry of Finance anticipates continued support. The Minister of Finance of Ukraine, Serhii Marchenko, stated: “Ukraine is systematically strengthening its financial capacity, increasing the internal revenues of the state budget. At the same t... #financialaidforUkraine #imf #Japan #SerhiyMarchenko #SupportUkraine #UkraineBudget2024 #UkraineRecovery
The NBU has simplified access of foreign investors to instruments for rebuilding Ukraine. The National Bank of Ukraine has adopted a decision that will allow foreign investors to get direct access to marketable debt instruments aimed at Ukraine’s recovery. Starting on July 24, the li... #ForeignInvestor #InvestmentsinUkraine #nbu #UkraineRecovery #UkraineSecurities
How does a business assess its state and prospects? The number of EBA member companies operating at full capacity has decreased from 78% to 64% compared to the beginning of the year. In particular, 45% of the surveyed top managers assess their business... #BusinessActivityExpectations #EBA #UkraineBusinessActivity #UkraineEconomy #ukrainianbusiness
Piraeus Bank helps to support Okhmatdyt Children’s Hospital. After the tragedy that shook the world, more than 320,000 people from 55 countries and around 50 companies have donated to the needs of the hospital and to support its patients, including Piraeus Bank... #Charity #DonationstoUkraine #Okhmatdyt #PiraeusBank #PiraeusBankUkraine
Ukraine has risen in the global rankings of iron and steel producers, and these products occupy 35-45% of export cargo transportation. Ukraine climbed to 13th place in the ranking of the largest iron-producing countries and 21st place in the list of the largest steel producers. In the first half of the year, Ukraine produced 3.47 mil... #IronExport #MetallurgyUkraine #SteelProductionUkraine #UkrainianMetalExport #Worldsteel
The EU will provide Ukraine Railways €43M for the modernization and construction of European-standard track. The EU will allocate €42.95M to Ukrainian Railways (UZ) to improve the country’s railway network and begin the transition to 1,435 mm track to ensure infrastructure compatibility and increase th... #EuroTrack #RailwayInfrastructure #UkrainianRailways #UZmodernization
The EIB will approve a €250M support package for Ukraine’s energy sector and allocate another €200M to modernize its public transport. The government of Ukraine and the EIB are working diligently to prepare new agreements for a €250M support package. “The EIB systematically supports Ukraine in priority area and continues to wor... #EIB #EnergyRestore #energyukraine #InvestmentsinUkraine #KyivPublicTransport #SerhiyMarchenko
Boeing and Antonov signed a preliminary agreement to cooperate in the production of drones. The American Boeing Corporation and the Ukrainian company, Antonov, signed a preliminary joint work agreement for the production of unmanned systems to support Ukraine’s defense industry. The me... #ANTONOV #Boeing #DefenseIndustryUkraine #DroneProduction #ScanEagle
Founders of industrial parks are eligible to receive ₴150M from the state for infrastructure development. The Ministry of Economy agreed to cooperate with Ukreximbank through the State Stimulation of the Creation of Industrial Parks program. Oschadbank and Ukrgazbank plan to join the program soon. The pro... #IndustrialPark #infrastructureUkraine #oschadbank #SupportBusiness #Ukreximbank #ukrgazbank
Ukraine presents the Large Scale Privatization – 2024 project: Which objects will be sold first? The State Property Fund (SPFU) presented its Great Privatization – 2024 project and named the first five objects to be auctioned. First is the 4-star hotel Ukraine in the center of Kyiv with a startin... #DemurinskyMiningPlant #HotelUkraina #OceanPlaza #PrivatizationUkraine #SPFU #UMCC #VitaliyKoval
Agricultural exports brought 64% of Ukraine’s export earnings to Ukraine: Who bought the most Ukrainian goods? According to the results of 2024’s first six months, Ukraine’s export of agricultural food products accounted for 64% of total exports ($12.45B). In January-June, EU countries purchased mo... #agroexportukraine #FoodProducts #Spain #UkraineExport #UkraineForeignTrade
International partners offer development grants to Ukrainian businesses. The Norwegian Nansen Grant Program opened a competition for projects from Ukrainian agricultural producers and processing enterprises. The competition aims to promote investment-ready projects, partic... #GrantsForBusiness #InvestmentsinUkraine #NansenGrantProgram #ProcessingPlantUkraine #STAGEinitiative #SupportBusiness #ukrainianbusiness
Ukraine’s M&A market grew to $510M in 2024. After a significant revival in 2023, activity in the Ukrainian mergers and acquisitions (M&A) market continued to grow in the first half of 2024: the number of deals increased by 4.2% compared to ... #Biosfera #Creatio #Datagroup #ForeignInvestor #InvestmentsinUkraine #MergersAcquisitions #NJJCapital
Europe will increase pressure on the Russian shadow fleet, but Moscow is preparing for restrictions on LNG. 44 European countries have agreed on the introduction of measures against the Russian Federation’s so-called shadow fleet, which is used to circumvent international restrictions. The joint ̶... #LNG #OilTankers #RussianLNG #SanctionsAgainstRussia #ShadowFleetRussia
The grain market has a unique situation: the prices of rapeseed and wheat are growing and almost exceed global prices. Trader’s demand for rapeseed and wheat is growing. At the same time, domestic prices for these crops are close to global market prices and almost exceed them, said Ivan Dimov, the founder of DMV... #agroUkraine #DMVGroup #GrainPrices #Rapeseed #Ukrainiangrain #Wheat
Epicentr will increase the capacity of the ceramic tile production plant in the Kyiv region to 12.5 million square meters per year. The Epicentr group of companies is completing the installation of a new production line at the Kalynivka, plant in the Kyiv region to increase its production capacity to 12.5 million square meters per... #CeramicTile #ConstructionMaterialsUkraine #EpicentrK #IndustryUkraine #investments
Ukraine needs an additional 4.5 million workers for its GDP to grow by 7%. The demographic situation in Ukraine, particularly the availability of labor resources, is one of the most critical factors that is currently affecting the economy today and will affect the dynamics o... #GDPinUkraine #JobInUkraine #Migration #UkraineEconomy #UkraineLaborMarket #Ukrainianworkers
Ukrainian and Polish businesses sign a cooperation agreement in Warsaw. More than 200 representatives of Ukrainian and Polish businesses met in Warsaw as part of the Business in the City event. The parties signed an agreement on cooperation between Diia.Business in Warsaw... #BusinessInPoland #DiiaBusiness #Poland #ukrainianbusiness
Since the beginning of the year, Ukraine has increased its export of agricultural products by 5%. According to the Ukrainian Agricultural Export Association, in the first half of the year exports of agricultural products from Ukraine amounted to about $12.4B, 5% more than in the corresponding peri... #agroexportukraine #FruitsExport #MeatExport #UkrainedairyExport #UkraineExport #VegetableExport
A large fertilizer producer has built its own 30 MW power generation plant and loaded production at 100%. Rivneazot has completed the construction of its electricity generation facility, and 100% loading of production capacities has been achieved. The enterprise can now produce up to 30 MW/h of electricit... #CherkasyAzot #ElectricityGeneration #Fertilizer #FertilizerProductionUkraine #Rivneazot #UkraineEconomy
A Turkish company built a ₴400M plant for energy equipment production in the Kyiv region. In Bilogorodka, Kyiv region, the construction of the Dalgakiran Compressor Ukraine plant of the Turkish energy company Dalgakiran was completed. The total amount of investment is approximately ₴400M (... #Dalgakiran #EnergyEquipment #InvestmentsinUkraine #TurkishBusiness
Ratification of the free trade agreement will quickly increase trade between Ukraine and Turkey by $2.5B per year. Ambassador of Ukraine to Turkey, Vasyl Bodnar, noted: “Turkey traditionally plays an important role in Ukraine’s foreign trade. In 2023, the total trade volume was approximately $7.5B. Aft... #ForeignInvestor #FreeTradeAgreement #Turkey #TurkishBusiness #UkraineTrade #VasylBodnar
The government proposes increasing budget expenditures by more than ₴500B and raising taxes to obtain an additional ₴140B. Ukraine’s government approved changes to the state budget that include a proposed spending increase of ₴500.3B, of which ₴495.3B would be directed to the security sector and defense. The head of... #DefenseSpending #ExciseTaxesOnFuel #RoksolanaPidlasa #TaxesUkraine #UkraineBudget2024
The World Bank will finance Ukraine’s private sector with $1B through 2027. Deputy Minister of Economy Oleksiy Sobolev noted that over the past 1.5 years, the scope of joint work between the Ministry and the World Bank has grown significantly in many areas. Among other things... #AffordableLoans #eRobota #GrantsforUkraine #OleksiySobolev #RISE #VolodymyrKuzyo #worldbank
The Danube shipping company will transport the grain of one of Ukraine’s largest agricultural holdings to Constanta, Romania. Agrarian holding Nibulon announced the beginning of partnership cooperation with the Ukrainian Danube Shipping company (UDP). The contract’s terms provide for using one caravan of the UDP fleet ... #agroexportukraine #ConstantaPort #DanubeShippingCompany #nibulon #OdesaSeaport #UkraineSeaPorts
The G7 agrees to distribute a $50B Ukrainian loan from revenues from frozen Russian assets, and Moscow continues to send new threats. The G7 members are currently negotiating the allocation of aid to Ukraine following the agreement that the G7 leaders reached in June at the summit in Italy to provide a $50B loan backed by proceeds f... #G7 #Japan #LoanForUkraine #RussianAssets #RussianAssetsProfits
The largest shopping mall in Ukraine and Eastern Europe switches to imported electricity to stabilize its operations. Against the background of the difficult situation with the country’s energy system, the Respublika Park shopping center switched to using imported electricity. Earlier, the Gulliver shopping cen... #ATBmarket #ElectricityDeficitUkraine #ElectricityImports #Gulliver #RespublikaPark #retailUkraine
