As specified by the Ministry of Finance, as of December 31, 2023, Ukraine’s state and state-guaranteed amounted to $145.3B, which is comprised of external debt – $101.7B (69.99% of the total amount) and internal debt – $43.6B (30.01%). Regarding creditors, the lion’s share of the debt falls on soft loans received from international financial institutions … Read more
The largest European arms manufacturer Rheinmetall plans to open an ammunition production plant in Ukraine, the company’s press service reports. “Six-digit number of 155mm caliber bullets to be produced per year, including propelling charges. Rheinmetall with a 51% stake in the JV, 49% held by a Ukrainian partner company,” the company reported on the X … Read more
The Cabinet of Ministers is considering a plan to increase budget revenues by 0.5% of GDP, which Ukraine must present within the IMF program. To that end, the government plans to introduce additional taxation in the form of a 0.1% military levy on the profit of enterprises and income of private enterprises, 1.5% on the … Read more
PeopleForce, the global provider of an all-in-one HR platform, has secured $2 million in seed funding round led by Pracuj Ventures, a prominent Polish venture fund. The capital injection will help the startup with its mission to revolutionize HR processes for technology-driven companies. The main goal of the funding will be to accelerate product development … Read more
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 selected Ukrainian startups will be announced gradually during the year. They will receive up to $200,000 in equity-free funding, as well as … Read more
Polish farmers continue to block border traffic in six directions, with about 3,300 trucks in the queue, Ukraine’s border guards report. The longest queue remains at the Krakivets checkpoint, with 1,600 trucks, and at Yahodyn, with more than half a thousand. Meanwhile, there are also “thousands of vehicles” in Ukraine that are registered to leave. … Read more
In 2023, Ukrainian banks produced almost ₴160B in pre-tax profit, 100% more than before the start of the full-scale invasion. Banks will have to pay a tax of half their total profit – more than ₴73B. At the same time, the profit is still 12% higher than before the start of the full-scale invasion. At … Read more
JSC Market Operator has developed a draft amendment to the rules of the day-ahead market (DAM) and the intraday market (IDM) and changes to the rules of the electric energy market regarding the synchronization of its work in time with European spot markets. “According to the changes proposed by the market operator, the “gate closing” … Read more
The National Bank of Ukraine intends to trial the digital hryvnia this year, and banks have already been invited to join the pilot program. The director of the Department of Payment Systems and Innovative Development of the National Bank of Ukraine, Andriy Poddieryohin, announced this in the “Chronicles of the Economy” podcast. In February 2022, … Read more
In Poland, a decision has not yet been made regarding the possible construction of a pipeline for the transportation of edible oil from Jagodin, the Volyn region of Ukraine, to the port of Gdansk. The hesitation stems from doubts of a legal and technical nature, as well as the circumstances surrounding the flow of other … Read more