As European Commissioner for Energy Kadri Simson stated: “We are not interested in extending the tripartite gas transit agreement, which expires at the end of this year.” According to her, the countries that received Russian gas in transit through Ukraine, including Austria, Italy, and Slovakia, will be able to find alternative sources of supply. Europe … Read more
Ukrainian entrepreneur and chairman of the board of Petcube Yaroslav Azhnyuk has announced the launch of Odd Systems. It is a manufacturing company specializing in sports FPV quadcopters and components. One of the first components will be a thermal imaging camera that will enable nighttime flights. Those interested will be able to buy it for … Read more
Ukraine’s National Agency on Corruption Prevention (NACP) has refused to remove Austria’s Raiffeisen Bank from the international sponsors of war list, citing the bank still not having a clear plan to leave the Russian market, Reuters reported on Feb. 15. Raiffeisen Bank International (RBI) continues to operate in Russia, leading the NACP to include the … Read more
The World Bank, together with the European Commission, the UN and the government of Ukraine, increased the assessment of Ukraine’s needs for post-war recovery. It now stands at $486 billion, according to the third Third Rapid Damage and Needs Assessment (RDNA3). The RDNA3 evaluation covers the period from February 24, 2022 to December 31, 2023. … Read more
The Cabinet of Ministers of Ukraine appealed to the National Bank of Ukraine (NBU) with a request to allow the sale of currency to large Ukrainian companies and holdings and its further transfer for settlements on eurobonds and with Western creditors. The corresponding applications for individual permits for cross-border transfers of currency values are formalized … Read more
The defense sector in Ukraine tripled over the past year, and in 2024 the industry is expected to swell six times, Deputy Minister for Strategic Industries Hanna Hvozdiar said at the Global Outlook: A Winning Vision conference organized by the European Business Association (EBA) on Wednesday. “The enemy, of course, surpasses us in numbers and … Read more
Czech farmers will join a large-scale protest next week against EU agricultural policies that allow cheap product imports from Ukraine, the Czech news outlet iRozhas reported Feb. 13. Farmers across Europe have been protesting what they say is increased competition from abroad, particularly Ukraine, as well as EU policies targeting climate change. Polish farmers plan … Read more
Shopping and entertainment complexes of the developer and management company Arricano Real Estate Plc in Kyiv reached zero vacancy at the end of 2023, in regional shopping centers the figure was less than 1%, the company’s press service reported. According to its data, last year the company signed more than 60 lease agreements for 7,000 … Read more
The leading financial exchange company Nasdaq announced a memorandum of understanding (MOU) with Ukraine on Feb. 12, establishing plans for Nasdaq to provide assistance to Ukraine’s economy and capital markets. The U.S. Agency for International Development (USAID) facilitated the agreement. “This new partnership between Nasdaq and the government of Ukraine demonstrates that Ukraine is open … Read more
Hungarian banking group OTP Bank, which was once added to Kyiv’s international sponsors of war list, expressed interest in buying Ukraine’s state-owned Sense Bank, Ukrainska Pravda media outlet reported on Feb. 12, citing unnamed sources familiar with acquisition talks. The report comes several weeks after Ukraine’s Deputy Finance Minister Yurii Drahanchuk said that foreign investors … Read more