Tech

Thursday, November 9

Ukraine lost almost $49B in 2016-2022 due to insufficient attention to the crypto industry.

Ukraine lost almost $49B in 2016-2022 due to insufficient attention to the crypto industry. Legalization of the crypto industry in Ukraine without additional incentives could generate an amount that is 4.9% of GDP. Since 2016, Ukraine has lost $48.8B in direct income to its population and co...

Tuesday, November 7

Ukraine has started production of a Shahed drone analog and plans to increase weapon production by 62%.

Ukraine has started production of a Shahed drone analog and plans to increase weapon production by 62%. A domestic Shahed drone analog with a 1,000-km range has already been ordered by the Ukraine Defense Forces, said General Director of Ukroboronprom Herman Smetanin. The state defense company has also ...

Monday, November 6

A €130M waste processing cluster will be built in the Poltava region.

A €130M waste processing cluster will be built in the Poltava region. Four plants will be located in the Lubenska, Kremenchuk, Poltava, and Kobelyacka communities, which will ensure affordable logistics and allow waste processing for the entire region. Several modern pr...

Friday, November 3

A Ukrainian company has started production of biodegradable packaging and plans to meet the needs of the country’s food segment.

A Ukrainian company has started production of biodegradable packaging and plans to meet the needs of the country’s food segment. Ukrainian company Studiopak is now entering a new market niche – the production of biodegradable packaging with the help of a grant won under the New Level program for processing enterprises. Th...

Thursday, November 2

To receive €50B in EU aid, Ukraine needs to consider environmental protection during reconstruction.

To receive €50B in EU aid, Ukraine needs to consider environmental protection during reconstruction. The principles of the New European Bauhaus (a circular economy and green recovery) are included in the conditions for receiving funding from the EU, reported Head of Committee on Local Self-Government...

Wednesday, November 1

ZAS Ventures will invest over $1M in Ukrainian startups in 2023.

ZAS Ventures will invest over $1M in Ukrainian startups in 2023. The Ukrainian venture consulting firm’s current investments already amount to $650,000; by the end of the year, they may increase by another $500,000. “By the end of the year, we will make...

Tuesday, October 31

British defense companies are considering becoming a part of the Ukrainian military industry.

British defense companies are considering becoming a part of the Ukrainian military industry. Anne-Marie Trevelyan, the Minister of State for the Indo-Pacific Region of Great Britain, said this and added that due to Russia’s war against Ukraine, the global military industrial complex has...

Monday, October 30

The world’s arms giants in the US and Germany are generating record profits because of the war in Ukraine.

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...

Thursday, October 26

Ukraine still does not produce enough ammunition, but drone production has increased to tens of thousands per month.

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...

Wednesday, October 25

A Polish manufacturer of agricultural machinery will undertake the demining of Ukraine.

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...

Monday, October 23

Sweden will develop a green transition and recovery plan for Ukraine.

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...

Friday, October 20

Europe is investing in the defense industry to increase production.

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...

A Japanese company will build a plant to dispose of construction ruins in the Kyiv region.

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...

Wednesday, October 18

Who finances military developments in Ukraine, and which directions are priorities?

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...

Thursday, October 12

Kharkiv Tractor Plant plans to resume production of military vehicles.

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...

Friday, October 6

Ukraine will manufacture howitzers with a British license and air defense systems with the US.

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...

Tuesday, October 3

Ukrainian IT company MacPaw has opened an office in Boston.

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...

An American entrepreneur launches the Green Flag Ventures fund for investment in Ukrainian startups.

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...

Monday, October 2

Results from the first Defense Forum in Kyiv: $100M investment from Baykar, 20 agreements with foreign partners, and the Alliance of Defense Industries.

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...

Ukraine has signed 20 agreements with French arms manufacturers, and the Czech Republic will allow Ukraine to produce small arms.

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...

The UBC Group is building a second line of refrigeration equipment production in Vinnytsia.

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...

Tuesday, September 26

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.

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...

Thursday, September 21

The Ukrainian-founded cloud service, Deskree, has attracted $1.5M in investments.

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...

Wednesday, September 20

The economic and anti-corruption effect of digitalization has exceeded UAH 16B: three anti-corruption decisions were adopted.

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...

Ukrainian IT company SoftServe announces the creation of a generative artificial intelligence laboratory.

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...

Friday, September 15

The war has stopped the rapid growth of Ukrainian IT service exports.

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...

Tuesday, September 12

A Ukrainian company will have a complete cycle of manufacturing end use products from titanium.

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...

Wednesday, September 6

Ukrainian startup Pluspoint has attracted $400,000 in investment from Pragmatech Ventures.

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...

Friday, September 1

A British company, BAE Systems, will manufacture the L119 howitzer in Ukraine.

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. ...

Thursday, August 31

Ukraine has nationalized one of Europe’s largest engine factories.

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...

Tuesday, August 29

China supplies Russia with up to 70% of the components for drones.

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...

Wednesday, August 23

Ukraine and Croatia are preparing the International Conference of Humanitarian Demining Donors in Zagreb.

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...

Where French companies are ready to invest in Ukraine?

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...

An American investment company became a new shareholder of the largest IT company in Ukraine.

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...

Tuesday, August 22

The US plans to increase its production of ammunition to support Ukraine.

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 ...

Monday, August 21

Ukraine will produce the CV-90 IFV, and Rheinmetall will start repairing Leopards this month.

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....

Friday, August 18

Ukraine is technically ready for the first international exchange of tax information.

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...

Thursday, August 17

Ukraine is in the top five world leaders for contactless payments.

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 ...

Monday, August 14

Rheinmetall will supply Ukraine with the latest Luna NG aerial reconnaissance systems, and ATACMS negotiations with the US are ongoing.

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...

Wednesday, August 9

Arms should become Ukraine’s main export product,

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...

The list of countries buying Ukrainian IT services remains unchanged.

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...

The demand for electric cars in Ukraine has jumped.

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...

Monday, August 7

Ukrainian AI medical assistant developer receives a $200,000 seed investment.

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...

Thursday, August 3

Ukraine has expanded its drone army by adding another drone model.

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...

The first Ukrainian demining machine is ready for mass production.

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,...

Tuesday, August 1

Ukraine will build a drone service center with the help of Baykar Makina.

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...

Releaf Paper startup plans to raise €8M to construct new factories.

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...

Ukraine’s IT service exports decreased by 9.3% in the year’s first half.

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...

Monday, July 31

Ukraine is way ahead of Germany in digitization.

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...

Thursday, July 27

The war has transformed Ukraine from a farming country to a defense tech nation.

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,...

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