Corporation Tervin finalized a memorandum with Ukraine Invest to support an investment initiative worth over $500 million with potential expansion to reach $1 billion, Ruslan Shostak, co-owner of the EVA and Varus networks, announced on Facebook on Nov. 10. “We developed this investment initiative based on our own needs and market demands,” he wrote. “Experts … Read more
Almost $40 million (over UAH 1.4 billion) has been paid in taxes by the Ukrainian tourism industry since the beginning of the year, which is a 13% increase compared to the same period in 2022 when more than $33 million (UAH 1.2 billion) in taxes were paid, the State Agency for Tourism Development reported in … Read more
Mutual recognition of GMP certificates will allow Ukrainian pharmaceutical manufacturers to intensify exports to the EU market with fewer regulatory barriers, domestic companies have fulfilled all the conditions set, according to pharmaceutical market participants interviewed by the Interfax-Ukraine agency. “We will be very happy when mutual recognition of GMP certificates becomes possible, but for now … Read more
Astarta, the largest sugar producer in Ukraine, received EUR1.24 million in net profit in the third quarter of 2023, which is 96.4% less than in the same period in 2022, according to the company’s report on the Warsaw Stock Exchange. According to it, during the specified period, revenue decreased by 14.4% – to EUR104.75 million, … Read more
The Czech railway operator RegioJet confirmed its intention to invest in restoring electrification on the Ukrainian section Chop – Mukachevo, owner of the operator Radim Yanchura said in an interview with the Interfax-Ukraine agency. “If Ukrzaliznytsia supports us and contributes to the implementation of the project, we are ready to invest in the electrification of … Read more
The Verkhovna Rada on Wednesday, with 253 supporting votes, adopted bill No. 10037 on the redirection of the so-called “military” personal income tax from local budgets to the state budget to channel these funds primarily to the purchase of drones and weapons, Head of the parliamentary budget committee Roksolana Pidlasa has said. “The key provisions … Read more
The decree on the entry into force of the decision of the National Security and Defense Council on additional measures to strengthen the stability of the functioning of the energy system and prepare the national economy for work in the autumn-winter period of 2023/2024 was signed by President of Ukraine Volodymyr Zelenskyy. Document No. 737/2023 was … Read more
Nova Poshta, Ukraine’s leading postal operator, has shown significant growth in all operational and financial aspects for the first nine months of 2023, announced the company’s press service. The company delivered 290 million parcels and cargoes, marking a 10% increase compared to the same pre-war period in 2021. Nova Poshta invested 2.4 billion UAH ($67 … Read more
Switzerland’s Nestle food and beverage conglomerate has been declared an international sponsor of war, Ukraine’s National Agency on Corruption Prevention (NACP) reported on Telegram on Nov. 2. Nestle has more than 2,000 brands worldwide, including popular products like KitKat, Nescafé, Nesquik, Nestea and many others. The company continues to operate in Russia, supplying goods and … Read more
Ukraine does not intend to extend the Russian gas transit contract after it expires at the end of 2024, Oleksiy Chernyshov, chairman of the state-owned oil and gas company Naftogaz, said in an interview with Radio Liberty published on Oct. 28. Ukraine is fulfilling the current contract to remain a reliable partner for Europe, although … Read more