Ukraine’s National Bank (NBU) plans to kickstart Ukraine’s accession to the Single Euro Payments Area (SEPA) in 2024, chairman Andriy Pyshnyi wrote on Facebook. This move comes on the heels of the European Council’s decision on Dec. 14 to commence negotiations on Ukraine’s accession to the EU. “The European Council made a historic decision on … Read more
Ukraine has a groundbreaking plan to establish a network of companies for automated microchip design, projecting production of 50,000 microchips a month within three years, a government official has revealed. Deputy Minister Valeria Ionan shared the country’s ambitious vision for microchip production at Ukraine’s Global Innovation event on Nov. 14. “We will meet the needs … Read more
NovaPay Credit LLC, which this year placed its debut and two more public issues of interest-bearing bonds with a nominal volume of UAH 100 million each and announced three more such issues, plans to launch some of them on the secondary market using repurchase agreements, financial director of the parent company NovaPay Ihor Prykhodko has … Read more
Andriy Pyshnyi, Head of the Ukraine’s National Bank, linked the recent marginal depreciation of the hryvnia to seasonal influences as he discussed the exchange rate during a press briefing in Kyiv on Dec. 14. “Now we are witnessing a familiar pre-war-time process of seasonality, when the demand for currency increases towards the end of the … Read more
Ukraine’s largest mobile operator Kyivstar was targeted in a powerful cyberattack, causing a technical failure that temporarily disrupted communication services and internet access for millions of Ukrainians, the company announced in a press release on Dec. 12. “To document the circumstances and consequences of the illegal actions interfering with Kyivstar’s network operations, the operator has … Read more
The largest Ukrainian shopping and entertainment centers noted a significant increase in turnover in hryvnia, by 40% to 100% in 2023 year-over-year, as well as in attendance, which exceeded pre-war figures. Thus, in the capital’s Respublika Park shopping center, attendance in October 2023 exceeded the pre-war December 2021 indicators – some 1.57 million people against … Read more
Nearly 3,300 trucks are stranded at the Poland-Ukraine border, with traffic blockades persisting at four crossing points, said Border Guard Service spokesperson Andriy Demchenko. The longest queues of about 1,200 and 850 trucks are reported at the Shehyni and the Rava-Ruska checkpoints respectively. “There are slightly smaller queues on other routes [to the border crossings],” said Demchenko. … Read more
Ukraine has received a package of technical data from the United States to start local production of some FrankenSAM projects, Soviet anti-aircraft missile systems that are to be modernized and adapted to Western missiles. The White House noted that Franken systems will be produced in parallel in both Ukraine and the United States. This will … Read more
Ukraine and the United States have signed a memorandum of understanding on the joint production of military equipment and the exchange of technical data at the Defense Industrial Base Conference in Washington, DC, Ukrainian Defense Minister Rustem Umerov announced on Facebook on Dec. 7. The cooperation will focus on air defense systems, repair and sustainment, and the production of … Read more
The Ukrainian industrial company Interpipe, due to the blockade of the Polish-Ukrainian border in November of this year, received a total loss or additionally spent $1.2 million, Oleksiy Yanovsky, director of procurement and logistics of the group, told Interfax-Ukraine in response to the corresponding request. “Under the blockade of the Black Sea ports, the main … Read more