Tech

Friday, February 23

British equipment and machinery worth hundreds of millions of pounds continue to enter Russia.

British equipment and machinery worth hundreds of millions of pounds continue to enter Russia. While British exports to Russia have fallen sharply, exports of drones, optical devices, and heavy engineering products to several former Soviet countries, from Uzbekistan to Georgia, have grown unpre...

Wednesday, February 21

The Japanese government has invested $20M in a private venture fund focused on supporting Ukraine.

The Japanese government has invested $20M in a private venture fund focused on supporting Ukraine. The Japan International Cooperation Agency (JICA) will invest $20M in the American venture fund Horizon Capital Growth Fund IV. This is a historic event, as it is the first investment Horizon Capital ...

A new venture capital fund is ready to invest in Ukrainian start-ups.

A new venture capital fund is ready to invest in Ukrainian start-ups. This year, the venture fund SMG Capital and venture builder SMG Builder were launched in Ukraine. The expected total amount of the fund is $10M, said VC fund partner Oleksandr Shynkarev. Currently, th...

Tuesday, February 20

Google allocates another $10M to support Ukrainian startups.

Google allocates another $10M to support Ukrainian startups. Technology giant Google launched the second fund within the Startup Ukraine Support Fund initiative with a budget of $10M to support Ukrainian startups during 2024 and 2025. As in the first stage, the...

A Ukrainian recruiting startup has raised $2M from a Polish VC fund.

A Ukrainian recruiting startup has raised $2M from a Polish VC fund. PeopleForce attracted a $2M investment from the Polish venture fund Pracuj Ventures. It is noted that these funds will be used to further develop HRM solutions and automate processes in human resource...

Tuesday, February 13

Ukraine plans to introduce preferential conditions for manufacturers of electric vehicles and use domestic lithium to manufacture batteries.

Ukraine plans to introduce preferential conditions for manufacturers of electric vehicles and use domestic lithium to manufacture batteries. “We plan to establish the production of electric cars for domestic needs and export. Our domestic needs are so high that, in the next 5-10 years, we can work to saturate the national market,R...

Friday, February 9

Ukraine calls on its partners to create new international cyber deterrence tools: What was discussed at the first annual international forum on cyber security in Kyiv?

Ukraine calls on its partners to create new international cyber deterrence tools: What was discussed at the first annual international forum on cyber security in Kyiv? Only new international cyber deterrence solutions will strengthen threat resistance: Results from the Kyiv International Cyber Resilience Forum 2024. For two days, February 7-8, representatives of the...

Ukraine has increased its drone production by 900% in six months and is preparing to mass-produce analogs of Russian Lancets.

Ukraine has increased its drone production by 900% in six months and is preparing to mass-produce analogs of Russian Lancets. Ukraine is actively increasing the production of drones, which find a wide range of applications – from replacing artillery shells, which are in short supply, to striking ships of the Russian Bl...

Thursday, February 8

Drone manufacturer Bayraktar launches plant construction near Kyiv, the US is doubling its ammunition production, and Ukraine will buy Swedish infantry fighting vehicles.

Drone manufacturer Bayraktar launches plant construction near Kyiv, the US is doubling its ammunition production, and Ukraine will buy Swedish infantry fighting vehicles. The Turkish defense company Baykar has started constructing a factory near Kyiv, where TB2 or TB3 drones will be manufactured, said the company’s director, Haluk Bayraktar. The facility’s production c...

Analysts and market participants provide a forecast for the development of Ukraine’s IT sector in 2024.

Analysts and market participants provide a forecast for the development of Ukraine’s IT sector in 2024. Last year, for the first time in history, the Ukrainian IT industry has experienced a reduction in the volume of its service exports, to $6.7B, which is 8.5% or $622M less than the figure for 2022. Am...

Tuesday, February 6

Ukrainian manufacturers have increased drone production 100 times.

Ukrainian manufacturers have increased drone production 100 times. Today, the state can contract 67 variants of Ukrainian drones that have passed the admission procedures. In 2022, there were only seven of them. Currently, 200 companies related to the production of d...

A Ukrainian agriculture company is constructing an elevator using green technologies.

A Ukrainian agriculture company is constructing an elevator using green technologies. Agrosem received a €1M, five-year loan from Raiffeisen Bank to build a grain elevator with a capacity of 22,000 tons. The facility at the MOST Logistic Terminal will allow farmers to transship 400,000...

Friday, February 2

Ukraine is building its military power at the end of the war’s second year.

Ukraine is building its military power at the end of the war’s second year. Last year, Ukraine significantly scaled up its UAV production. Notably, 67 models of Ukrainian drones received codification, and 58 received a state contract. In total, more than 200 Ukrainian compani...

Tuesday, January 30

A French billionaire will pay $500M for a Ukrainian mobile operator.

A French billionaire will pay $500M for a Ukrainian mobile operator. The French investment company NJJ Capital agreed to pay $500M for the Ukrainian carrier Turkcell Iletisim Hizmetleri AS. Turkcell announced the sale of its Ukrainian business, including Lifecell, at t...

Rheinmetall will build a new defense plant in Germany, and a German company will donate 100 drones.

Rheinmetall will build a new defense plant in Germany, and a German company will donate 100 drones. The Rheinmetall concern will build a new factory in Germany to increase its ammunition production. The new production capacity is planned to be constructed in what would be a record short time, said t...

Friday, January 26

Ukrainian Releaf Paper plans to invest €500,000 in production and attract €16M in investment.

Ukrainian Releaf Paper plans to invest €500,000 in production and attract €16M in investment. The Releaf Paper startup is investing €500,000 in a raw material production project in Ukraine, the company’s top manager, Oleksandr Sobolenko, said. He plans to start implementing the project i...

Thursday, January 25

Ukrainians have been switching to electric cars during the war, and automotive imports have increased by 300% compared to the pre-war year of 2021.

Ukrainians have been switching to electric cars during the war, and automotive imports have increased by 300% compared to the pre-war year of 2021. In 2023, Ukraine imported a record number of electric cars – 37,953 units. This indicator exceeds 2021’s corresponding figure by 300%. According to 2023’s results, electric cars now account for 10% of...

A Ukrainian enterprise will participate in a project to produce hydrogen-powered cars in the EU.

A Ukrainian enterprise will participate in a project to produce hydrogen-powered cars in the EU. Centravis and French company Duncha France will participate in a project to produce vehicles with hydrogen engines in the EU. This is the first vehicular hydrogen project in Centravis’ history. The co...

Monday, January 22

Ukraine is betting on joint weapons production in its territory, and the EU promises to produce 1.3 million shells by the end of the year.

Ukraine is betting on joint weapons production in its territory, and the EU promises to produce 1.3 million shells by the end of the year. Ukraine is interested in creating joint production facilities with Western defense companies and its defense industry, said Deputy Minister of Defense of Ukraine Ivan Gavryliuk. “Now our private...

Friday, January 19

Norway will allocate $95M to produce ammunition, including ammunition for Ukraine, and Estonia has found a way to gather at least €120B in aid.

Norway will allocate $95M to produce ammunition, including ammunition for Ukraine, and Estonia has found a way to gather at least €120B in aid. Norway will allocate two billion kroner ($190M) to increase ammunition production and develop the country’s defense industry potential. Half of this amount ($95M) will be received by Norwegian p...

Thursday, January 18

A Ukrainian-British car loan optimization start-up attractes £15.5M.

A Ukrainian-British car loan optimization start-up attractes £15.5M. London-based startup Carmoola, whose founders include Ukrainians, has raised £15.5M to develop its online platform, which offers a “buy now, pay later” option for car purchases. The total ...

Monday, January 15

The state will focus on launching joint defense enterprises with Western companies and developing industrial parks.

The state will focus on launching joint defense enterprises with Western companies and developing industrial parks. In 2024, Ukraine aims to create joint defense enterprises with Western companies and localize the production of weapons, demining equipment, and other military equipment, Minister of Economy Yulia Svy...

Wednesday, January 10

A German arms company will open a repair plant in Ukraine, and Sweden allocates $5M to the NATO fund for Ukraine.

A German arms company will open a repair plant in Ukraine, and Sweden allocates $5M to the NATO fund for Ukraine. German MP Marcus Faber said that German defense company Flensburger Fahrzeugbau Gesellschaft (FFG) has started constructing a service center for armored vehicles in Ukraine. According to him, deployin...

Monday, January 8

A Ukrainian-British AI-based recruiting startup has attracted $500,000 in investment.

A Ukrainian-British AI-based recruiting startup has attracted $500,000 in investment. With the assistance of the World Bank, the Kazakh venture fund White Hill Capital invested $500,000 in AI recruiting service JobCannon. The company does not disclose its valuation estimate, but it is ...

Thursday, January 4

Epicentr Agro has started construction of a plant to produce fertilizers.

Epicentr Agro has started construction of a plant to produce fertilizers. The Epicentr Agro holding, part of the Epicenter K group of companies, has begun constructing a plant to produce a urea-ammonia mixture and liquid complex fertilizers in the Vinnytsia region. Fertiliz...

Ukrainian IT exports began to grow at the end of the year.

Ukrainian IT exports began to grow at the end of the year. According to the NBU, in November 2023 Ukrainian IT companies exported services worth $564M, $35M more than in October, and $43M more than in September 2023. However, compared to November 2022 ($580M)...

Kyivstar’s parent company invests $1B in Ukraine.

Kyivstar’s parent company invests $1B in Ukraine. The Dutch company VEON, the parent company of Kyivstar, the largest operator in Ukraine, plans to invest $1B in Ukraine within five years, VEON CEO Kaan Terzioglu said. The company announced plans to ...

Friday, December 29

The Ukrainian military-industrial complex can increase production by 500% in 2024.

The Ukrainian military-industrial complex can increase production by 500% in 2024. Ukrainian defense enterprises increased output by 200% in 2023, and in 2024, there is a potential to increase it by another 500%, said Oleksandr Kamyshin, Minister of Strategic Industries of Ukraine. ...

Ukraine plans to build over 200 waste processing plants, for almost $4B, in 10 years.

Ukraine plans to build over 200 waste processing plants, for almost $4B, in 10 years. As Minister of the Environment Ruslan Strelets said, “We analyzed the problems of each region, studied the volume of waste generation, and formed a plan for the placement of waste processing pla...

Thursday, December 28

Ukrnafta has attracted 25 potential partners to explore Ukraine’s deposits.

Ukrnafta has attracted 25 potential partners to explore Ukraine’s deposits. State oil and gas extracting company Ukrnafta extended the partner selection process for the joint development of 21 fields until March 1, 2024. This will allow all potential partners to complete thei...

Wednesday, December 27

Several waste processing facilities with a capacity of up to 350,000 tons per year will be built in Odesa.

Several waste processing facilities with a capacity of up to 350,000 tons per year will be built in Odesa. In the Odesa region, the united territorial communities are finalizing the procedure for the registration of land management documentation regarding the placement of solid household waste processing p...

Friday, December 22

Ukraine will produce Western IFVs and Russia disrupts a purchase contract for fighter jets.

Ukraine will produce Western IFVs and Russia disrupts a purchase contract for fighter jets. The largest private Ukrainian arms producer is working on manufacturing components and assembling the Spanish-Austrian ASCOD IFV under license, said Vladyslav Belbas, director of Ukrainian Armored Veh...

Thursday, December 21

The share of IT exports exceeds pre-war indicators by about 3%.

The share of IT exports exceeds pre-war indicators by about 3%. IT services account for 40% of Ukrainian service exports. For comparison, the share of IT export services was almost 45% in 2022 and 37% in 2021, according to the Prime Minister of Ukraine, Denys Shmy...

Tuesday, December 19

Ukraine plans to enter the global semiconductor market and produce 50,000 chips per month.

Ukraine plans to enter the global semiconductor market and produce 50,000 chips per month. This figure is planned to be reached within three years from the start of the factory’s construction, Deputy Minister of Digital Transformation Valeriya Ionan said. She said, “we will meet the domesti...

Monday, December 18

A German IT company invests €2M to localize its products in Ukraine.

A German IT company invests €2M to localize its products in Ukraine. Software and cloud services developer SAP plans to invest €2M in localization of its products in Ukraine in 2024. The Ministry of Digital Transformation noted that SAP recently launched an ERP solutio...

Thursday, December 14

The SBU reports that mobile operator Kyivstar was attacked by Russian intelligence.

The SBU reports that mobile operator Kyivstar was attacked by Russian intelligence. A special unit of Russia’s GRU, masquerading as a pseudo-hacker group, claimed responsibility for the December 12 attack on Kyivstar, the Security Service of Ukraine (SBU) reported. “Kyivs...

Tuesday, December 12

Ukraine will produce 155-mm projectiles jointly with two American companies, and the US will transfer all Vampire complexes and APKWS systems.

Ukraine will produce 155-mm projectiles jointly with two American companies, and the US will transfer all Vampire complexes and APKWS systems. Ukraine has agreed with two leading American companies on the joint production of 155 mm ammunition, said Minister of Strategic Industries of Ukraine Oleksandr Kamyshin. According to him, developing p...

Friday, December 8

A Ukrainian AI startup has attracted $1M in investment.

A Ukrainian AI startup has attracted $1M in investment. Ukrainian start-up Respeecher, which creates voices for Hollywood and AAA games using artificial intelligence, has announced an investment from entrepreneur Gary Vaynerchuk and investment funds inclu...

Thursday, December 7

Ukraine starts joint production of armored vehicles with Rheinmetall, but Germany could not keep up with weapon production, so Azerbaijan and South Korea tried to help.

Ukraine starts joint production of armored vehicles with Rheinmetall, but Germany could not keep up with weapon production, so Azerbaijan and South Korea tried to help. Ukraine and German arms concern Rheinmetall will soon launch the production of armored vehicles on Ukraine’s territory, Prime Minister Denys Shmyhal announced. He noted that Rheinmetall already ...

Wednesday, December 6

Finland will produce artillery shells for Ukraine, which is also increasing its weapon production.

Finland will produce artillery shells for Ukraine, which is also increasing its weapon production. Finland plans to start production of artillery ammunition for Ukraine soon, Finnish Defense Minister Antti Häkkänen said. He clarified that the decision on the start of production will probably be mad...

The US allocated $225M to construct the Eurotrack to accelerate Ukrainian exports.

The US allocated $225M to construct the Eurotrack to accelerate Ukrainian exports. The USAID and Ukrainian Railways (UZ) signed a memorandum to build a two-track railway section, 75 km long. It will connect Lviv with the Trans-European transport network of the EU. Ukrainian railways...

How are some of the largest IT companies in Ukraine developing in wartime conditions?

How are some of the largest IT companies in Ukraine developing in wartime conditions? Ukrainian IT company SoftServe increased its custom software development revenue by 30% in 2023 compared to December last year. 32% of this income comes from large clients, 27% from medium, and 41% fr...

Tuesday, December 5

Rheinmetall will produce tens of thousands of artillery shells for Ukraine, while Ukraine has increased the production of Bohdana self-propelled guns.

Rheinmetall will produce tens of thousands of artillery shells for Ukraine, while Ukraine has increased the production of Bohdana self-propelled guns. The largest German defense concern, Rheinmetall, received a €142M order to supply Ukraine with artillery shells. The order, from a NATO partner country, includes tens of thousands of 155 mm artillery ...

Monday, December 4

Ukraine has begun the integration of its military-industrial complex into the European market.

Ukraine has begun the integration of its military-industrial complex into the European market. Minister of Strategic Industries Oleksandr Kamyshin and European Commissioner for Internal Trade Thierry Breton discussed the possibility of integrating the Ukrainian defense industry into the Europea...

The EU approves the hydrogen corridor project from Ukraine to EU countries.

The EU approves the hydrogen corridor project from Ukraine to EU countries. The EC included the hydrogen corridor from Ukraine in the list of joint and mutual interest projects for the European energy system. The European Parliament and the Council of the EU must consider the...

Friday, December 1

The EU and NATO are mobilizing the defense industry to provide Ukraine with the means to defeat Russia.

The EU and NATO are mobilizing the defense industry to provide Ukraine with the means to defeat Russia. At the beginning of the war, the EU had to adapt its defense industry to wartime conditions. Europe will increase its military aid to Ukraine to 480,000 shells by the end of the year, and next year it...

Thursday, November 30

Over the past 15 years, Ukrainian IT companies have attracted almost $3.7B in investments.

Over the past 15 years, Ukrainian IT companies have attracted almost $3.7B in investments. Since 2009, Ukrainian IT companies have participated in 1,798 transactions, 1,519 of which involved a total of about $3.7B and 248 involving mergers and acquisitions totaling $4.3B. After February 24,...

Monday, November 27

Ukraine will continue to increase the capacity of the military industry and will order almost ₴200B in weapons from domestic manufacturers.

Ukraine will continue to increase the capacity of the military industry and will order almost ₴200B in weapons from domestic manufacturers. In 2024, Ukraine’s military-industrial complex will increase its production capabilities by 500% compared to the current year. However, this is still insufficient to cover the military’s needs, said O...

Some EU states want to soften the EC’s proposals for combating the circumvention of sanctions on Russia.

Some EU states want to soften the EC’s proposals for combating the circumvention of sanctions on Russia. The European Commission has proposed banning importers from reselling high-priority goods (such as semiconductors used to make weapons) to Russia and requiring a certain amount on deposit in a designa...

Saturday, November 25

War & Business: The Ukraine Business Network has been launched.

War & Business: The Ukraine Business Network has been launched. Tucked away amid the sloping hills of Kyiv, a select group of business investors, representatives, and entrepreneurs gathered at the Parkoviy Congress Center to gain insight into investment prospects ...

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