sydorov Ukraine’s Finance Ministry announced on Aug. 9 the terms of the exchange of old bonds for newly issued securities, launching the process of restructuring Ukraine’s external debt on Eurobonds. Kyiv reached an agreement in principle with some of its creditors in late July to restructure the country’s external debt, which amounts to around $23 billion. … Read more
Consumer price growth in Ukraine dropped to zero in July 2024, following a surge to 2.2% in June from 0.6% in May, the State Statistics Service reported on Friday. The service said that in July 2023, consumer prices had decreased by 0.6%, so in annual terms, inflation as of July 2024 grew to 5.4%, up … Read more
Kyivstar, Ukraine’s largest mobile operator, saw its revenue rise by 9.5% in April-June this year compared to April-June 2023, reaching UAH 9.425 billion. In U.S. dollars, revenue grew by 0.4% to $236 million, according to a report by parent company VEON on Thursday. “EBITDA increased by 9.8% YoY in local currency terms (+0.8% YoY in … Read more
The German defense conglomerate Rheinmetall AG assumes that the amount of potential orders for its future ammunition plant in Ukraine will exceed 2 billion euros, according to Rheinmetall’s presentation summarizing the half-year results. On July 24, Rheinmetall announced that it had received a contract for the construction of an ammunition plant from the government of … Read more
Ukraine’s state-owned defense company, the Ukrainian Defense Industry (Ukroboronprom), was ranked for the first time in history among the top 50 global defense companies by Defense News, Strategic Industries Minister Alexander Kamyshin said on Aug. 8. Ukroboronprom is a leading strategic manufacturer of weapons and military hardware in Ukraine. The association includes enterprises that develop, … Read more
The NOVA Group of Companies has invested more than EUR 10 million in the development of the international network Nova Poshta since 2022, co-owner of the group Viacheslav Klymov said. “Since the fall of 2022, we have already invested more than EUR 10 million in this area and continue to increase our investments. Now we … Read more
Ukraine’s international reserves decreased for the fourth consecutive month in July 2024, dropping by 1.8% to $37.23 billion, the National Bank of Ukraine reported on its website. The prolonged decline is due to external financial aid not covering the amount of currency the National Bank sells on the domestic foreign exchange market. This situation may … Read more
In July 2024, Ukraine sold $2.97 billion worth of products abroad, a 9% increase from June, with the metallurgy sector setting records by exporting 219,000 tons of iron semi-finished products, an 83% increase from the previous month, according to Deputy Minister of Economy of Ukraine and trade representative Taras Kachka. “The metallurgy sector achieved a … Read more
The Defense Procurement Agency of the Ministry of Defense of Ukraine has signed contracts with 102 domestic suppliers or manufacturers, 45% of which are UAV producers, Hlib Kanievskyi, head of the Procurement Policy Department of the Ministry of Defense, said in an interview with Interfax-Ukraine. Domestic manufacturers primarily supply armored vehicles, mortars, and self-propelled artillery … Read more
In the first half of 2024, 250,972 people died in Ukraine, which tripled the number of newborns at 87,655. The birth rate decreased by 9% compared to the same period last year, reported Opendatabot with reference to data from the Ministry of Justice. The birth rate decreased by one and a half times this year, compared … Read more