Friday, November 26

Ukraine to invest UAH 34 bln in the development of aircraft manufacturing until 2030,

announced the Prime Minister, Denys Shmyhal. The development program includes a crucial well-targeted road map and the world’s best experience in the development of aircraft manufacturing. Furthermore, 45 high-tech aircraft manufacturing companies will be able to receive tax breaks until January 1, 2025, including an exemption from paying income tax, VAT, land tax, import duties on high-tech equipment. According to the Prime Minister, this will also contribute to the development of the industry.

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Motor Sich has presented a new model of helicopter.

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The Ukrainian President, Volodymyr Zelensky, has announced the establishment of a new state airline Ukrainian National Airlines (UNA)

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The newly-elected Chancellor, Olaf Scholz, is ready to support Ukraine’s move towards EU membership. The coalition agreement of the new German government contains a clause stating its readiness to support Ukraine’s movement towards membership in the European Union. The agreement reads, “We will work together with the EU and its Member States to further develop the Eastern Partnership and a market economy. It is also noted that the German government will continue to assist Ukraine in restoring its full territorial integrity and sovereignty”.

A senior EBRD delegation is starting a week-long trip to Ukraine to meet with the country’s authorities and private sector companies. The delegation will include Alain Pilloux, the Vice President of Banking and in charge of Bank lending; and Mark Bowman, the Vice President for Policy and Partnerships.  The visit is to reconfirm the EBRD’s support for Ukraine, its reform agenda, and sustainable development. Discussions will focus on the decarbonization of the Ukrainian economy in line with the country’s updated Nationally Determined Contribution, the development of sustainable infrastructure, and the investment