The world’s arms giants in the US and Germany are generating record profits because of the war in Ukraine. The weapon and ammunition orders for Ukraine and the replenishment of Western allies’ stocks has provided the American defense industry with better-than-expected financial results, writes Reuters. Loc... #GeneralDynamics #LockheedMartin #Rheinmetall #RTX #Saab #WarinUkraine #WeaponsProduction
Ukraine still does not produce enough ammunition, but drone production has increased to tens of thousands per month. The Ukrainian defense-industrial complex has significantly increased ammunition production. Still, Ukraine remains reliant on the supply of projectiles from its partners, as stated at the NATO Industr... #AlexanderKamyshin #AmmunitionFactory #DefenseIndustryUkraine #droneSHARK #WeaponsProduction
A Polish manufacturer of agricultural machinery will undertake the demining of Ukraine. Pronar is patenting a special machine for demining, and is planning to start its mass production for the needs of Ukraine in 2024, Pronar representative Radoslav Biletsky said. “A team of 150 en... #DeminingEquipment #DeminingUkraine #Pronar #RadoslavBiletsky
Sweden will develop a green transition and recovery plan for Ukraine. The Stockholm Environment Institute (SEI) is launching a project to create a road map for Ukraine to achieve climate neutrality by 2050 through a green transition and recovery, the head of the institu... #BernardasPadegimas #ClimateProjects #GreenTransition #UkraineRecovery
Europe is investing in the defense industry to increase production. The European Commission has announced an increase in its assistance to the European defense industry with the approval of a program provided for by the Act in Support of Ammunition Production (ASAP) f... #AmmunitionFactory #ASAP #EUdefense #ThierryBreton #WeaponsProduction
A Japanese company will build a plant to dispose of construction ruins in the Kyiv region. An international company, Miyamoto International, will help the Kyiv region to create a complex system for recycling construction waste, reported the Kyiv OVA. This company is known internationally fo... #ConstructionWaste #MiyamotoInternational #UkraineDamages #WasteRecycling
Who finances military developments in Ukraine, and which directions are priorities? For almost half a year, the BRAVE1 defense cluster has funded 57 projects worth more than $1M. Among them are combat robots with turrets, drones with artificial intelligence, naval drones, and anti-ra... #Brave1 #DefenseIndustryUkraine #MilitaryProduction #NatalyaKushnerska
Kharkiv Tractor Plant plans to resume production of military vehicles. KhTZ, part of the DCH group of businesses headed by Oleksandr Yaroslavskyi, will start production of military vehicles for the first time in 27 years. The plant produced MT-LB multi-purpose light armo... #DCHgroup #KharkivTractorPlant #MilitaryProduction #OleksandrYaroslavskyi #WeaponsProduction
Ukraine will manufacture howitzers with a British license and air defense systems with the US. As the Minister of Strategic Industry Oleksandr Kamyshin noted, Ukraine will manufacture howitzers under the license of a British company next year. In addition, Ukraine has started working on a joint... #AirDefenseSystems #AlexanderKamyshin #WeaponsProduction
Ukrainian IT company MacPaw has opened an office in Boston. As the company reports, the MacPaw team is working to expand into new markets and gain access to a broader international audience and wants to become closer to its customers and potential partners. Th... #CleanMyMac #ITcompany #MacPaw #UkrainianITcompany
An American entrepreneur launches the Green Flag Ventures fund for investment in Ukrainian startups. Justin Zif does not disclose the exact investment amount, but the fund will invest at the pre-seed and Series A stages, writes AIN.UA. The fund clarifies that they are interested in Ukrainian projects... #GreenFlagVentures #JustinZif #StartUpinvestments #UkrainianStartUps
Results from the first Defense Forum in Kyiv: $100M investment from Baykar, 20 agreements with foreign partners, and the Alliance of Defense Industries. During the DFNC1 forum, representatives from Ukraine’s military-industrial complex concluded 20 joint contracts with foreign partners to manufacture drones and to repair, and produce armored veh... #Baykar #DefenseIndustryUkraine #DFNC1 #WeaponsProduction #Zelenskyy
Ukraine has signed 20 agreements with French arms manufacturers, and the Czech Republic will allow Ukraine to produce small arms. Ukrainian manufacturers have signed contracts, letters of intent, or memorandums of understanding with French industrialists specializing in producing armored vehicles, artillery, drones, and demining... #CaesarHowitzers #DefenseIndustryUkraine #SupportUkraine #WeaponsProduction
The UBC Group is building a second line of refrigeration equipment production in Vinnytsia. The plant’s area will be 5,000 square meters, and construction is planned to be completed in 2024. In addition, the company put into operation a 600 kW solar power plant at the Green Cool facili... #GreenCool #RefrigerationEquipment #UBCGroup
Germany might provide Ukraine with Taurus rockets after the US sends ATACMS, and Britain promises to train 30,000 Ukrainian fighters by the end of the year. As BILD writes, the German government has been discussing the possibility of supplying Ukraine with long-range German Taurus cruise missiles for several months, and the US decision to send ATACMS miss... #ATACMS #GrantShapps #MilitaryAidforUkraine #TaurusMissile #WarinUkraine #WeaponsforUkraine
The Ukrainian-founded cloud service, Deskree, has attracted $1.5M in investments. According to Siliconcanals, Toronto-based Deskree helps developers build backend infrastructure without a single line of code. Forum Ventures, Hustle Fund, N49P, Flair Ventures, ZAKA VC, League of Inn... #CloudService #Deskree #DmytroGrechko #ITcompany #StartUpinvestments
The economic and anti-corruption effect of digitalization has exceeded UAH 16B: three anti-corruption decisions were adopted. These results were achieved in two years, said Prime Minister of Ukraine Denys Shmyhal. He noted that digitalization eliminates the human factor and brings government services closer to a distant pers... #anticorruptionreforms #DenysShmyhal #DigitalizationOfUkraine #ReformsinUkraine #UkraineFightingCorruption
Ukrainian IT company SoftServe announces the creation of a generative artificial intelligence laboratory. The purpose of the laboratory is to accelerate the implementation of AI technologies in various fields and industries, as well as to solve specific business problems through the use of these technolog... #AItech #ArtificialIntelligence #SoftServe #UkrainianITcompany
The war has stopped the rapid growth of Ukrainian IT service exports. According to YouControl analysts, IT activity peaked on the eve of the Russian invasion in the fourth quarter of 2021, when $2.1B was brought into the country. Since then, the average IT export volume... #EPAMukraine #GlobalLogic #LuxoftSolutions #UkraineITexport #UkrainianITcompany
A Ukrainian company will have a complete cycle of manufacturing end use products from titanium. By the end of 2023, the Velta group of companies plans to launch the production and sale of their first products, titanium medical implants, in Ukraine. In 2017, the company founded its research cente... #TitaniumPlant #TitaniumUkraine #Velta #VeltaMedical
Ukrainian startup Pluspoint has attracted $400,000 in investment from Pragmatech Ventures. The company is developing a tool for managing brands’ online reputation, writes AIN.UA. It is reported that the team plans to allocate 70% of the funding raised to expand its sales geography and... #Pluspoint #PragmatechVentures #StartUpinvestments #UkrainianStartUP
A British company, BAE Systems, will manufacture the L119 howitzer in Ukraine. On April 30, the Ministry of Strategic Industry, the Ministry of Defense of Ukraine, and BAE Systems signed a cooperation agreement to produce L119 guns, announced by President Volodymyr Zelensky. ... #BAESystems #DefenseIndustryUkraine #L119howitzer #WeaponsProduction #Zelenskyy
Ukraine has nationalized one of Europe’s largest engine factories. According to the SBU, the nationalization of 100% of the authorized capital of Motordetal-Konotop in the Sumy Region is complete. This enterprise produces cylinder liners for engines. The enterprise c... #anti_Russiansanctions #MotordetalKonotop #Nationalization #SerhiyKalashnyk
China supplies Russia with up to 70% of the components for drones. According to the Yermak-McFaul International Working Group, China accounts for 67% of the supply of drone components (17% of them pass through Hong Kong). The shares of Turkey and the UAE are 5% and 2... #circumventionOfSanctions #DronesComponents #McFaulYermak
Ukraine and Croatia are preparing the International Conference of Humanitarian Demining Donors in Zagreb. The event in Zagreb on October 11 and 12 will be a platform for mobilizing additional international support and resources for demining initiatives in Ukraine. “Our international partners, the G7... #DeminingUkraine #YuliyaSvyridenko
Where French companies are ready to invest in Ukraine? According to the ambassador of Ukraine to France, Vadym Omelchenko, French businesses are interested in developing nuclear power and lithium deposits in Ukraine, as well as participating in constructi... #FrenchInvestments #InvestmentsinUkraine #VadymOmelchenko
An American investment company became a new shareholder of the largest IT company in Ukraine. AllianceBernstein acquired 6.1% of EPAM Systems’ shares, according to data from the website of the US Securities and Exchange Commission. Based on quotes for EPAM Systems, the market value of th... #AllianceBernstein #EPAM #UkrainianITcompany
The US plans to increase its production of ammunition to support Ukraine. The intensity of hostilities requires accelerated weapon production, including standard NATO artillery shells, the WP writes. It is planned to double their output soon. The publication notes that the ... #AmmunitionFactory #USartilleryshell #USdefense #WeaponsProduction
Ukraine will produce the CV-90 IFV, and Rheinmetall will start repairing Leopards this month. President Zelenskyy and the Prime Minister of Sweden, Ulf Kristersson, signed a bilateral statement of intent on enhanced and mutually beneficial cooperation regarding the production of the CV-90 IFV.... #ArminPapperger #CV90IFV #LeopardBattleTanks #Rheinmetall #UlfKristersson #Zelenskyy
Ukraine is technically ready for the first international exchange of tax information. As reported by the Ministry of Finance, the development of software for the State Tax Service of Ukraine (DPS) has been completed, which will provide an international automatic exchange of information... #CRS #InformationExchange #UkraineTaxSystem
Ukraine is in the top five world leaders for contactless payments. For the past five years, Ukraine has consistently been among the top ten countries regarding the number of NFC payments. As noted by Mastercard, the share of payments with smartphones and NFC devices ... #DigitalizationOfUkraine #financeUkraine #mastercard #nbu #NFCpayments
Rheinmetall will supply Ukraine with the latest Luna NG aerial reconnaissance systems, and ATACMS negotiations with the US are ongoing. As reported by Bild, the “unmanned package” consists of a ground control station with several drones, a launch catapult, and military trucks. According to the manufacturer, the Luna NG dro... #ATACMS #dronestoUkraine #LunaNG #OksanaMarkarova #Rheinmetall
Arms should become Ukraine’s main export product, according to Oleksandr Kamyshin, Minister of Strategic Industries. Reporting on the first 100 days of work as the head of the Ministry, he emphasized that the priority moving forward is increasing the... #AlexanderKamyshin #DefenseTechnology #UkraineWeaponSales #WeaponsProduction
The list of countries buying Ukrainian IT services remains unchanged. The IT Ukraine Association reports that in the first half of 2023 the list of leading countries in the export of Ukrainian IT services remains unchanged: the US (40.26%), Malta (8.8%), and Great Brita... #ExportITservices #ITservices #UkrainianITcompany
The demand for electric cars in Ukraine has jumped. As the Ukravtoprom association reported, in July 3,464 vehicles from abroad with battery power sources were registered in Ukraine, including 586 new and 2,878 used vehicles. The models with the greate... #carsalesUkraine #ElectricCars #ElectricCarsSales #Ukravtoprom
Ukrainian AI medical assistant developer receives a $200,000 seed investment. Ukrainian MedTech startup Mark, founded in 2021, announced the receipt of $200,000 in seed investment. The startup attracted $500,000 from its founders, Maksym Demjanyuk, and two business angels whos... #MaksymDemjanyuk #Mark #MedicalStartup #StartupInvesting
Ukraine has expanded its drone army by adding another drone model. Ukraine’s military has added another drone model to its arsenal, said defense minister Oleksiy Reznikov. He announced on Wednesday that the Ukrainian military is adopting a new model of First Pe... #DefenseTechnology #FPVdrones #OleksiyReznikov #UkrainianDrone #ValeriyBorovyk
The first Ukrainian demining machine is ready for mass production. The first piece of domestic demining equipment, which was developed by a Kharkiv manufacturer, has passed certification. The manufacturing company received a certificate and declaration of conformity,... #DefenseTechnology #DeminingMachine #DeminingUkraine #YuliyaSvyridenko
Ukraine will build a drone service center with the help of Baykar Makina. The Ministry of Defense and the Turkish Company Baykar Makina signed an agreement to construct a service center to repair and maintain unmanned aerial vehicles in Ukraine. The signing of the agreement... #BaykarMakina #Bayraktardrones #DroneService
Releaf Paper startup plans to raise €8M to construct new factories. The Ukrainian start-up Releaf Paper, which produces paper and containers from fallen leaves, plans to attract an additional €4M in investment, and already has €4M in guaranteed funds from the European... #OleksandrSobolenko #ReleafPaper #StartUp #StartupInvesting
Ukraine’s IT service exports decreased by 9.3% in the year’s first half. In January-June this year, the IT Ukraine Association reported that the export of IT services from Ukraine amounted to $3.38B, which is 9.3% less compared to the same period last year. “We hoped... #ExportITservices #ITservices #KostyantynVasyuk #UkrainianITcompany
Ukraine is way ahead of Germany in digitization. “Ukraine is economically competitive and has a good prospect of becoming a member of the European Union”, said the president of the EIB, Werner Hoyer. According to him, “In the field... #digitalizationGermany #DigitalizationOfUkraine #ReformsinUkraine #WernerHoyer
The war has transformed Ukraine from a farming country to a defense tech nation. Ukraine, known for agriculture and other heavy industry, is not an obvious setting for drone innovation. The necessities of war, however, have turned the country into a kind of super lab of invention,... #Brave1 #DefenseTechnology #EricSchmidt #UkrainianDrone #WarinUkraine
The government has allocated UAH 40B for investment in drone production. This year, the Cabinet of Ministers supplied UAH 40B for the production of Ukrainian drones, said Prime Minister Denys Shmyhal during a forum dedicated to the anniversary of the Army of Drones project... #DefenseTechnology #DenysShmyhal #UkrainianDrone #WarinUkraine
China secretly sold drones to Russia for over $100M. According to Politico, China, despite its calls for peace, has actively increased trade in dual-purpose goods with Russia over the past year, helping Moscow, among other things, import sanctioned West... #ChineseDrones #circumventionOfSanctions #RussiaandCHina #RussiaImport
Every year the number of IT companies in Ukraine grows by 10%. At the time of the full-scale invasion, there were about 4,500 IT companies in Ukraine. According to Kharkiv IT Research 2021, about 10% of IT companies close every year. But new companies are opening... #ITcompany #ITsectorinUkraine #UkrainianITcompany
Adsme, a Ukrainian start-up in artificial intelligence, has attracted angel pre-seed funding. Ukrainian investors provided initial financing for the Ukrainian startup Adsme, which is developing its own AI technology for predicting the effectiveness of advertising in Meta Ads. The size of the i... #Adsme #ArtificialIntelligence #ITinvestment #StartUpinvestments
Ukrainian company Preply has attracted another $70M in investment for AI project. Ukrainian-founded EdTech company Preply has raised $70M in equity and loan capital. The main investor in the new financing round is Horizon Capital, which specializes in investments in equity capital.... #ArtificialIntelligence #ITinvestment #PreplyUkraine
With EU support, Ukrainian civil society launches a new project to monitor spending on recovery projects. The Big Recovery Portal online platform will be developed by the non-government organization Technologies of Progress, announced an EU delegation to Ukraine. Analytics will be provided by the Center f... #BigRecoveryPortal #ProzorroUkraine #UkraineRecovery
Ukraine will help the EU develop a digital wallet. The Ukrainian Diia digital service team will participate in developing the European digital wallet. According to Ukraine’s Ministry of Digitization, this decision was made during a meeting of t... #digitalization #DigitalWallet #DiiaAppUkraine #JeanNoëlBarrot #POTENTIAL
