The Ukrainian National Agency on Corruption Prevention (NACP) has added Italy’s Camozzi Group to its list of international war sponsors, pointing to the company’s ongoing business operations in Russia, the agency’s press service said. The Italian company was added to the list for its collaboration with the Russian military-industrial complex, and the operation of a … Read more
The National Bank of Ukraine (NBU) has set the key interest rate at 16% as of Oct. 27, bringing it in line with the rate for overnight certificates of deposit (CDs), the NBU announced on Oct. 26. Interest rates on its other operations with banks remain unchanged. The rates for overnight, three-month CDs, and refinancing … Read more
German defense contractor Rheinmetall and the state-owned Ukrainian Defense Industry (Ukroboronprom) have established a joint venture, Ukrainian Prime Minister Denys Shmyhal said on Oct. 24. “The Rheinmetall-Ukrainian Defense Industry LLC was registered on Oct. 18,” Shmyhal announced at the German-Ukrainian Business Forum in Berlin. The company will maintain and repair equipment supplied by Ukrainian partners. … Read more
Poland’s Pronar, a major manufacturer of agricultural machinery, is patenting a special machine for demining fields and construction sites with mass production expected to begin in 2024, Pronar’s Director of Trade and Marketing Radoslaw Bielecki revealed in a press release on Oct. 24. “A team of 150 engineers is working very closely with partners in … Read more
More than 840 Ukrainian companies have moved to safer regions of the country as a part of a government relocation program, with 667 of them already operating in their new locations, the open data platform OpenDataBot reported on Oct. 23. The relocations happened between the start of Russia’s full-scale invasion in February 2022 and the … Read more
Farmers from all regions of Ukraine threshed 57.6 million tonnes of grains and oilseeds, of which 39.228 million tonnes of grains, 18.457 million tonnes of oilseeds, the press service of the Ministry of Agrarian Policy and Food reported. According to the report, grain and leguminous crops were harvested on an area of 8.275 million hectares … Read more
Etsy Payments, a payment interface of one of the largest handmade marketplaces in the world, Etsy, has officially been launched in Ukraine. Access to the payment system will allow Ukrainian entrepreneurs to officially sell their goods to people from America, Europe, and Asia, and foreign buyers will be able to pay for Ukrainian goods with … Read more
Ukraine’s Infrastructure Ministry is set to cancel at least 30% of international passenger bus routes, Deputy Minister Serhiy Derkach announced. Legislation requires carriers operating international routes to have a partner from another country. Two hundred eighty routes connecting Ukraine to Poland and Russia have already been closed. A joint commission with Moldova will terminate all … Read more
There is no demand for the creation of new banks: over the past five years, the National Bank of Ukraine (NBU) has not received a single package of documents, Deputy Governor of the NBU Dmytro Oliynyk has said. “The number of requests from non-bank players is also at a low level, at the same time, … Read more
The Latvian port Rīgas Universālais Termināls (RUT) received and unloaded the first test train with 1,423 tonnes of Ukrainian rapeseed, which were loaded into 54 containers, the Latvian publication ldz.lv reported. “This week, the company Rīgas Universālais Termināls (Riga Universal Terminal – RUT) received and unloaded the first test train with Ukrainian cereal products, which … Read more